Lava International

LAVA Unlisted Shares Logo

Lava International Limited is a leading end-to-end focused mobile handset and mobile handset solutions company based in India with over 13% market share. The Company has also made its mark in international markets by becoming the 5th largest company in the segment. Domestically, the Company has 893 active distributors and 1,16,339 active retailers as on July 31, 2021.

It is headquartered in Noida, India, and has a presence in many emerging markets, such as Thailand, Sri Lanka, the Middle East, Bangladesh, Mexico, Indonesia and Nepal.

Industry Opportunities

  • India’s mobile phone subscription market is projected to grow at a CAGR of 3.0% from FY 2021 to FY 2026 reaching to an estimated 1,369.1 million subscriptions.
  • The Indian telecom industry is on a growth trajectory. The launch of the ambitious ‘Make in India’ program in 2014 has given mobile manufacturing the much-needed boost and spurred the mobile device industry towards innovation, building best-in-class manufacturing facilities, skill development and employment.
  • The worldwide market for 5G-enabled mobile devices is estimated to grow from 2 million units in 2019 and touch 1.5 Billion units by 2025. This presents a very large revenue opportunity for Indian mobile device players to bring in innovation in the design of 5G devices and scale up their manufacturing capacities.
  • India is expected to achieve a breakthrough and become a net exporter of mobile phones by 2025 at a CAGR of 14% between FY2021 to FY2026.

Financial Performance

The Company clocked a FY21 revenue of INR 55,237 million on a consolidated basis, thereby witnessing a growth of 4.57% over the previous years’ revenue.
Profit and EBITDA
The Profit After Tax for FY21 was INR 1726 million registering an increase of over 60% over INR 1078 million recorded during the previous year. The FY21 EBITDA stands at INR 2513 million.
Cash Flow
The Company has generated a positive cash flow of INR 1518 million from its operations in FY21.
Earning Per Share
The Earnings per share of the Company has increased by 60.19% as compared to the EPS registered in the previous year..

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