Lava International Limited is a leading Mobile Handset Company in India and has expanded its operations to multiple countries across the world. Right from its inception Lava has been at the forefront of building a strong ecosystem of design and manufacturing of mobile handsets. Lava International has been building mobile handset design capability including industrial design, mechanical design, hardware design & software design. In line with the Govt. of India’s ‘Make in India’ initiative, Lava has taken a lead in support of this important nation building program and has already set up a design team in India, becoming the first to do so in the country. With this ‘Design in India’ initiative, Lava is now the only Mobile handset company that makes truly “Make In India” phones with complete control on design and manufacturing within India. Lava was also ranked as the ‘Most Trustworthy Brand’ in the CMR Retail Sentiment Index 2018.
Lava products are available through a nationwide retail network of 1.65 Lakh retailers who in turn are directly served by over 1000 distributors. Lava’s after sales service network is one of the largest in the country with close to 800+ professionally managed service centers focused on speed and quality of service.
Lava is third largest feature phone company in India with a market share of 13.4%, in terms of sales volume in the financial year 2021. Lava has presence in many emerging markets, such as Thailand, Sri Lanka, the Middle East, Bangladesh, Mexico, Indonesia and Nepal.
According to F&S, Lava is the fifth largest feature phone company with a market share of 5.0% in the world, in terms of sales volume in the calendar year 2020, and the fifth, third and sixth largest feature phone company, respectively, in North America, Asia and the MEA region, in terms of sales volume in the calendar year 2020.
According to F&S, Lava had a market share of 10.2% in the less than US$ 70 equivalent range market in India, in terms of sales volume in the financial year 2021. Lava generated revenue from operations of ₹55,128.74 million, of which approximately 29.33% was derived from the Indian market and approximately 70.67% was derived from the international markets for the financial year 2021.
Lava design, manufacture, market, distribute and service mobile handsets, tablets and other electronics accessories under our own “LAVA” and “XOLO” brands, and provide value added software services. Lava also offer mobile handsets solutions to original equipment manufacturers (“OEMs”) ranging from sourcing, design, manufacturing, quality testing, embedding software and distribution.
In the past, Lava have customized and manufactured whitelabel mobile handsets for leading multi-national companies such as HMD, Bhagwati Products Limited and TCL. Lava have also designed smartphones powered with medical ultrasound application for GE Healthcare. Recently,Lava have successfully signed (i) a partnership license agreement with Lenovo, which entitles Lava to distribute mobile
handsets manufactured by us under the MOTOROLA brand in India and overseas and (ii) a multi-year contract
with HMD for an end-to-end design, manufacturing, supply chain and distribution of mobile handsets under the Nokia brand in India and overseas.
Source – Lava IPO DRHP
Operations:
India | Thailand | Indonesia | Mexico | China | Egypt | Middle East | Nepal | Bangladesh | Sri Lanka | Dubai | Hong Kong | Singapore | USA | Thailand | Indonesia | Bangladesh | Egypt | Ghana | Kenya | Nigeria | Mexico | Nepal | KSA ( Saudi Arabia) | Kuwait | Bahrain | Oman | Qatar | Romania | China | Papua New Guinea | China | Switzerland| British Virgin Island | Taiwan | Somalia | Mauritius | Dublin | Israel | Sweden | Greece
Products:
Strategy:
Lava aims to be among the leading mobile handset brands in the international markets in which they operate. According to F&S, global mobile handset is a US$ 411 billion market and sub-US$ 200 mobile handset market is a US$ 102 billion market. The market Lava focus is the sub-US$ 200 mobile handset market, of which 65% is attributable to Asia and Africa. Lava intend to focus on establishing and expanding distribution channels in the middle-east countries such as the United Arab Emirates, in the Asian countries such as Indonesia, Philippines and Vietnam and in the African countries such as Egypt. Lava also intend to focus on Latin American countries and North America, including the U.S. These markets have been identified based on the macroeconomic factors, political stability, outlook towards foreign companies, foreign exchange stability, demographic profile and the competition present.
Source – Lava IPO DRHP
Lava International – Product Snapshots
Smartphones
Feature Phones
Tablets
Accessories
Source – Product Images from Company Website
| Name | Lava International Limited EQ New FV Rs 5/- |
|---|---|
| Face Value | ₹ 5 |
| ISIN Code | INE745X01022 |
| ISIN Description | Lava International Limited EQ NEW FV RS .5/- |
| Available in Depository | CDSL & NSDL |
| PAN | AABCL5987H |
| Lot Size | 100 Shares |
| Current Unlisted Share Price | ₹ 150 Per Equity Share |
| Particulars | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|
| Revenue from operations | 55,128.74 | 52,643.29 | 51,083.52 |
| Total Income | 55,236.78 | 52,824.48 | 51,287.48 |
| Total Expenses | 52,724.63 | 50,831.92 | 49,455.49 |
| EBITDA | 2,512.15 | 1,992.56 | 1,831.99 |
| Profit before tax | 1834.29 | 1266.47 | 812.10 |
| Profit for the year | 1726.08 | 1077.61 | 731.82 |
| EPS (In INR) | 3.46 | 2.16 | 1.47 |
The trend indicator above has been derived from the current demand/supply of Lava Unlisted Shares. The trend has a tendency to change anytime depending on the market conditions and other events. This indicator must not be construed as any recommendation to buy/sell/hold.
Source: Lava International IPO DRHP
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