amit@unlistedkraft.com
+91-9599071664
+91-9599071664
Lava International
DRHP Status : Not Filed
44
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 5512.87 | 5877.64 | 5443 | 3646 |
| Cost of Material Consumed | 1154.6 | 1147.37 | 4572 | 2849 |
| Gross Margins | 79.06 | 80.48 | 16 | 21.86 |
| Change in Inventory | -127.33 | -103.78 | -49 | 218 |
| Employee Benefit Expenses | 190.22 | 212.27 | 210 | 181 |
| Other Expenses | 4054.96 | 4298.11 | 445 | 316 |
| EBITDA | 240.42 | 323.67 | 265 | 82 |
| OPM | 4.36 | 5.51 | 4.87 | 2.25 |
| Other Income | 10.8 | 20.36 | 27 | 21 |
| Finance Cost | 28.57 | 44.11 | 54 | 34.5 |
| D&A | 39.03 | 96.71 | 140 | 23 |
| EBIT | 201.39 | 226.96 | 125 | 59 |
| EBIT Margins | 3.65 | 3.86 | 2.3 | 1.62 |
| PBT | 183.42 | 203.11 | 99 | 46 |
| PBT Margins | 3.33 | 3.46 | 1.82 | 1.26 |
| Tax | 10.82 | 16.24 | 11 | 12 |
| PAT | 172.6 | 186.87 | 88 | 34 |
| NPM | 3.13 | 3.18 | 1.62 | 0.93 |
| EPS | 6.91 | 3.45 | 1.61 | 0.62 |
Financial Ratios |
2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 4.36 | 5.51 | 4.87 | 2.25 |
| Net Profit Margin | 3.13 | 3.18 | 1.62 | 0.93 |
| Earning Per Share (Diluted) | 6.91 | 3.45 | 1.61 | 0.62 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 119.14 | 161.96 | 269 | 48.5 |
| CWIP | 3.27 | 56.86 | 19 | 20 |
| Investments | 13.05 | 75.62 | 107 | 384 |
| Trade Receivables | 1162.41 | 1292.11 | 738 | 393 |
| Inventory | 443.86 | 682.87 | 736 | 384 |
| Other Assets | 688.02 | 1123.92 | 657 | 501.5 |
| Total Assets | 2429.75 | 3393.34 | 2526 | 1731 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 124.86 | 270.56 | 273.8 | 273.8 |
| FV | 5 | 5 | 5 | 5 |
| Reserves | 1461.34 | 2016.75 | 1130 | 679 |
| Borrowings | 103.12 | 322.41 | 306 | 112 |
| Trade Payables | 508.18 | 515.76 | 586 | 404 |
| Other Liabilities | 232.26 | 267.86 | 230.2 | 262.2 |
| Total Liabilities | 2429.76 | 3393.34 | 2526 | 1731 |
Lava International Limited is an Indian multi-national company in the Mobile Handset industry. The company was founded in 2009 as an offshoot of a telecommunication venture by Hari Om Rai, Sunil Bhalla, Shailendra Nath Rai, and Vishal Sehgal. It is headquartered in Noida, India, and has overseas operations in Thailand, Nepal, Bangladesh, Sri-Lanka, Indonesia, Mexico, and the Middle East. The company started its Africa operations by launching its product in Egypt in 2016. The company is present in more than 11 countries and it’s business spans over India, South East Asia, Middle East, North America. It is a market leader in several countries being 4th largest in India, 2nd largest in Thailand, 3rd largest in Sri Lanka and 5th largest in Bangladesh. It is currently in the works to expand it’s presence in the continent of Africa.
Strengths:
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Robust Financial Performance: In the fiscal year 2022, Lava reported a total revenue of ₹5,898 crore, marking a 6.78% increase from the previous year. The net profit stood at ₹187 crore, up from ₹173 crore in FY21, indicating a positive growth trajectory.
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Global Market Presence: Lava's operations span multiple countries, enhancing its revenue diversification and reducing dependency on any single market. Its strong foothold in various regions positions it well for continued growth. ​
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In-House Design and Manufacturing: The company's comprehensive control over design and manufacturing processes, including mechanical, hardware, and software design, allows for innovation and quality assurance in its product offerings. ​
Weaknesses:
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IPO Uncertainty: Lava filed a Draft Red Herring Prospectus (DRHP) with SEBI for an IPO aiming to raise approximately ₹1,500 crore. Delays or uncertainties in the IPO process may impact investor confidence and the liquidity of its unlisted shares.
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Limited Public Information: As an unlisted company, Lava has fewer disclosure requirements, leading to limited publicly available information. This opacity can hinder investors' ability to make fully informed decisions. ​
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Market Valuation Fluctuations: The valuation of unlisted shares can be volatile and influenced by market conditions and company performance. For instance, Lava's unlisted share price has experienced significant movement, with reports indicating a 50% increase over six months. Such volatility can pose risks for investors seeking stable returns.
+91-9599071664
amit@unlistedkraft.com