(i) 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.
(ii) Â The company has been building mobile handset design capability including industrial design, mechanical design, hardware design & software design.
(iii) It has demonstrated quick and robust expansion since inception, showing profitability and growing sales since the first year of operations. Lava and Xolo are two brands that operate under the parent company. With ‘Create Possibilities’ as its guiding principle, Lava has embarked on an ambitious journey of becoming the 1st global consumer brand from India by empowering every human with quality innovative products.
(iv) LAVA has a wide product portfolio that encompasses tablets, feature phones, and smartphones having various models in bar and touch form factors at multiple price points to suit all categories of consumers. The handset-maker a couple of years ago had 50 products (about 20 smartphones and some 35 feature phones) in its portfolio which has now brought down to less than 15 phones (five smartphones and nine feature phones).
(v) Lava has two manufacturing plants in India and the company claims to be the only Indian brand to design devices in India and do PCB SMT in its own factory.
The Company has an in-house research and development center and manufacturing facilities in Noida.
| Total Available Shares: | 1000 |
| Face Value: | ₹ 10 Per Equity Share |
| ISIN: | INE745X01014 |
| Lot Size: | 100 Shares |
| Current Unlisted Share Price: | ₹ Best in Industry Per Equity Share |
| Particulars(in Crores) | Mar-16 | Mar-17 | Mar-18 | Mar-19 | Mar-20 |
| Sources of Funds | |||||
| Share Capital | 31.217 | 31.217 | 129.866 | 129.866 | 129.866 |
| Reserves | 703 | 851 | 1,015 | 1,125 | 1,278 |
| Long- Term Debt | 36 | 33 | 79 | 67 | 55 |
| Short-Term Debt | 128 | 105 | 280 | 80 | 109 |
| Trade payable | 1,168 | 884 | 1,493 | 726 | 555 |
| other liability | 399 | 288 | 258 | 252 | 257 |
| Total Liabilities | 2,465 | 2,192 | 3,254 | 2,381 | 2,384 |
| Application of Funds | |||||
| Fixed Assets | 49 | 124 | 91 | 97 | 79 |
| CWIP | 4 | 4 | 16 | 0 | 2 |
| Investments | 1 | 70 | 50 | 15 | 8 |
| Trade receivables | 670 | 513 | 1089 | 1014 | 1,314 |
| Inventories | 849 | 686 | 731 | 424 | 234 |
| Other Assets | 892 | 796 | 1277 | 831 | 747 |
| Total Assets | 2465 | 2192 | 3254 | 2381 | 2,384 |
| Particulars(in Crores) | Mar-16 | Mar-17 | Mar-18 | Mar-19 | Mar-20 |
| Revenue | 7,272 | 5,940 | 4,810 | 5,108 | 5264 |
| COGS | 3,308 | 3,134 | 2,672 | 3,353 | 1130 |
| Stock in Trade | 2,456 | 1,232 | 976 | 863 | 3204 |
| Employee Cost | 291 | 423 | 460 | 323 | 199 |
| Other Expense | 786 | 872 | 547 | 407 | 548 |
| EBITDA | 430 | 279 | 155 | 163 | 183 |
| OPM | 5.92% | 4.70% | 3.23% | 3.19% | 3.48% |
| Other Income | 23 | 39 | 22 | 3 | 5 |
| Interest Cost | 41 | 48 | 15 | 42 | 25 |
| Depreciation | 34 | 41 | 75 | 41 | 33 |
| Profit before tax | 376 | 229 | 88.3 | 81.5 | 130 |
| Tax | 110.9 | 70.1 | 33.1 | 8 | 18 |
| Net Profit | 267 | 159 | 55 | 73 | 107 |
| NPM | 3.68% | 2.68% | 1.13% | 1.43% | 2.03% |
| Shares | 3.12 | 3.12 | 12.98 | 12.98 | 12.98 |
| EPS in Rs | 85.66 | 50.93 | 4.2 | 5.63 | 8.24 |
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Umesh Paliwal
Lava International Unlisted Share is conducting an Extra-Ordinary General Meeting on Monday, 28th June 2021 at 10:30 A.M. through video conferencing. The following points will be discussed in the meeting;
1. Changes in the article of association.
2. Increase in Authorized Capital-
a) Old Authorized Share Capital = 153 Crores
Equity Shares of (FV 10) = 14.79 Crores
Preference Shares (FY=10) = 1 lac
Preference Shares (FV=100) = 5 lac
b) New Authorized Share Capital = 396.1 Crores
Equity Shares of (FV 10) = 39.1 Crores
Preference Shares (FY=10) = 1 lac
Preference Shares (FV=100) = 5 lac
So, we can conclude that company is planning to issue new shares . The first step in this direction has been done by increasing the share capital. The Lava Unlisted Share IPO is on cards. Lava Unlisted Share Price is 350 per share and IPO is expected above 500.
3. Issue of 66,23,517 equity shares at Face value of 10 to the Clipper Global S.A. on preferential private placement basis.
aditaya
Umesh Paliwal ji – what is the outcome of the AGM?
Umesh Paliwal
We are still awaiting the outcome of Lava Unlisted Share AGM.
aditaya
Also there is drop in the share price from May 2021 levels from 500 to 350…have they given any bonus or spilt?
Umesh Paliwal
No. Actually due to some sellers in the market the price fell. It is to informed that, recently they have acquired one company in China and it is a complete share swap and the price at which it is done is around 500.
Umesh Paliwal
Lava to invest ₹800 crore to boost smartphone biz
https://www.livemint.com/companies/news/lava-to-invest-800-crore-to-boost-smartphone-biz-11610731014507.html
Umesh Paliwal
Dear Member,
We at Lava hope and pray for your well-being in the present COVID-19 pandemic.
We are glad to invite you to join the 11th Annual General Meeting of M/s Lava International Limited to be held on Thursday 31st December 2020 at 11:00 AM through video conferencing. Please refer enclosed Notice for calling Annual General Meeting for more details on the business to be transacted therein and process for joining the meeting.
Thanks & Regards,
Lava International Limited
Market Wizard
The number of shares has increased from 3.12 Crores in FY16-17 to 12.980 Crores in FY17-18.
In 2017-18, the company has issued bonus shares in 1:3. Total new shares issued 9.36 Crores.
In 2017-18, the company has issued 5 Lakh Preference Shares at FV=100 thereby garnering 194 Crores. These shares were issued to Unic Memory Technology, a Chinese company.
Hemanth Kandukuri
what is the CMP?
ARPAN
Best company
Market Wizard
Lava had a 5.6% share in feature phones as of March, according to Counterpoint Research, as it struggles to find its place among the top smartphone players in the country. In 2017, the company had mere 2.6% share in the Indian smartphone market which was majorly dominated by Chinese players.
Market Wizard
(i) 1st global consumer brand from India.
(ii) Only Indian mobile handset brand in the country to have invested in R&D.
(iii) One of India’s most promising brands by World Consulting and Research corporation (WCRC).
50,000+ retailers and 980+ service centers.