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Lava Unlisted Unlisted Shares

BUY

₹ 43.00

SELL

₹ 49.00

Lava’s share price has been in a downtrend due to decline in its financials in the past few years. The company has been unable to grow for the last 4 years and its financials declined massively in 2024 which pushed its price down further.

As on 30 Jul 2026, 10:20 PM, we are buying shares of the LAVA INTERNATIONAL LIMITED for ₹ 43.00 and selling them for ₹ 49.00 per share.

About Lava Unlisted Unlisted Shares

Lava International Limited is a prominent Indian multinational company in the mobile handset industry. Founded in 2009, Lava was established as an offshoot of a telecommunication venture by Hari Om Rai, Sunil Bhalla, Shailendra Nath Rai, and Vishal Sehgal. The company is headquartered in Noida, India, and operates across various international markets, including Thailand, Nepal, Bangladesh, Sri Lanka, Indonesia, Mexico, and the Middle East. Lava expanded its presence in Africa by launching products in Egypt in 2016 and is continuing to grow its footprint in the continent.

Present in over 11 countries, Lava is a market leader in multiple regions, ranking as the 4th largest mobile handset brand in India, 2nd largest in Thailand, 3rd largest in Sri Lanka, and 5th largest in Bangladesh. The company is focused on expanding its presence further in Africa.

Read more

Product and Design Capabilities
Lava has developed significant mobile handset design capabilities, covering various aspects such as industrial design, mechanical design, hardware design, and software design. The company’s product portfolio includes tablets, feature phones, and smartphones, catering to a wide range of consumer categories. Lava previously offered a broad product range of around 50 devices, including approximately 20 smartphones and 35 feature phones. This range has now been streamlined to fewer than 15 models, including five smartphones and nine feature phones, targeting more specific consumer needs.

Growth and Expansion
Since its inception, Lava has experienced rapid and robust growth, demonstrating profitability and increasing sales from its very first year of operations. With the guiding principle of ‘Create Possibilities,’ Lava is committed to becoming the first global consumer brand from India, empowering individuals worldwide with quality and innovative products. Lava and Xolo are the two primary brands operating under the Lava International umbrella.

Manufacturing and Research Facilities
Lava operates two manufacturing plants in India and is the only Indian mobile brand to design devices domestically and handle PCB Surface Mount Technology (SMT) in-house. The company also boasts an advanced research and development center, alongside its manufacturing facilities located in Noida, which enables it to maintain full control over the design and production process.

 

Disclaimer*This research has been conducted on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We are not responsible for any financial losses or inaccuracies in the data provided

Pros

  • Stock is trading at 1.14 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 26.3%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.23% over past five years.
  • Company has a low return on equity of 3.68% over last 3 years.

Key Details

Share Name Particulars
Lava Unlisted N/A
Shares Price Per Equity Share
Minimum Lot Size Shares Worth Rs. 15000
52 Week High ₹85
52 Week LoW ₹45
Depository NSDL & CDSL
PAN Number AABCL5987H
ISIN Number INE745X01022
CIN U32201DL2009PLC188920
RTA Link Intime
Fundamentals Value
Market Cap (in cr.) #VALUE!
P/E Ratio #VALUE!
P/B Ratio #VALUE!
Debt to Equity 0.12
ROE (%) 4%
Book Value 17.7
EPS 0.62
Face Value 5
Total Shares 541126216

Financials

P&L Statement 2024 2023 2022
Revenue 3646 5443 5877.64
Cost of Material Consumed 2849 4572 1147.37
Gross Margins 21.86 16 80.48
Change in Inventory 218 -49 -103.78
Employee Benefit Expenses 181 210 212.27
Other Expenses 316 445 4298.11
EBITDA 82 265 323.67
OPM 2.25 4.87 5.51
Other Income 21 27 20.36
Finance Cost 34.5 54 44.11
D&A 23 140 96.71
EBIT 59 125 226.96
EBIT Margins 1.62 2.3 3.86
PBT 46 99 203.11
PBT Margins 1.26 1.82 3.46
Tax 12 11 16.24
PAT 34 88 186.87
NPM 0.93 1.62 3.18
EPS 0.62 1.61 3.45
Financial Ratios FY24 FY23 FY22
Operating Margin 2% 3% 4%
Net Profit Margin 1% 2% 3%
Return on Equity 4% 6% 8%
Debt-Equity 0.12 0.15 0.14
Current Ratio 1.63 1.98 2.58
Dividend Payout 0% 0% 0%
Company LAVA International Ltd Prabhat Technologies Ltd HFCL Ltd
Market Cap (₹ Crores) 2545 107 16547
Profitability Margin (%) 3% -10% 8%
ROCE (%) 8% -2% 13%
ROE (%) 12% -4% 9%
D/E Ratio 0.12 27.1 0.29
P/E Ratio 79.66 0 44
P/B Ratio 2.67 66.5 4
Book Value per Share (₹) 17.59 1.5 29

Promoters or Management

Name Designation Experience Linkedin Profile
Hari Om Rai Chairman & MD 21 yrs View
Sunil Raina Director 21 Yrs View
Sachin Nandwani CFO 20 Yrs View

Annual Reports

Name Download
Lava Report 2023 View
Lava Report 2024 View

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Frequently Asked Questions

1. Has there been any Bonus or split in Lava’s shares?

Back in 2021, Lava issued bonus shares in the ratio of 1:1. Also, they split their share in a 2 for 1 split.

2. What is the revenue split of Lava International?

Geographically looking, 62% of the revenue comes from India, 32% of the revenue comes from UAE and 5% comes from Hong Kong.

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Disclaimer* Investors are advised to perform their own research and due diligence before making any investment decisions. We are not responsible for any financial losses or inaccuracies in the data provided.

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