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×

lava international Limited

127.00
+ 0.79 %
Scrip Name
LAVA
ISIN No.
INE745X01022
PAN No.
AABCL5987H
Face Value
5
No. of Outstanding Shares
575,465,778
Market Capitalization
7,308.42 Crore
Book value
39.767
P/BV
3.194
EPS
3.247
PE ratio
39.113
Available on
nsdlcdsl
ROFR Required
No

About Lava International Limited Pre-IPO/Unlisted shares

 

Lava International Limited was founded on 27 march, 2009 and registered at registrar of companies at Delhi. The company is engaged in trading and manufacturing of mobile phones, storage devices and other wireless telecommunication devices. The Company is a public limited company domiciled in India and is incorporated under the provisions of Companies Act applicable in India. The company is a leading Mobile Handset Company in India and has expanded its operations to multiple countries across the world. 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.

 

INCORPORATION DETAILS

CIN

U32201DL2009PLC188920

Registration Date

27 March, 2009

Category/Sub-category of the Company

Limited by Shares/Non-govt company

Address of the Registered office and contact details

Lava International Limited,

B-14, HOUSE 2, BASEMENT, SHIVLOK
COMMERCIAL COMPLEX, KARAMPURA
DELHI
West Delhi - 110015
Delhi - India

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

LINK INTIME INDIA PRIVATE LIMITED

C-101, 1 FLOOR, 247 PARK, L.B.S. MARG,

VIKHROLI (WEST)MUMBAI - 400083

 

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

 

Name and Description of main products/services

NIC Code of the product/service

% to the total turnover of the Company

Mobile phones, Tablet & Communication Equipment

46524

100%

 

BOARD OF DIRECTORS

Mr. Hari Om Rai, Chairman and Managing Director

Mr. Shailendra Nath Rai, Whole Time Director

Mr. Sunil Bhalla, Director

Mr. Vishal Sehgal, Director

Mr. Vinod Rai, Independent Director

Mr. Rahul Kansal, Independent Director

Ms. Chitra Gouri Lal, Independent Director

Mr. Vinod Shrama, Independent Director

 

PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

XOLO – Subsidiary

China Bird Centro America S.A - Subsidiary

 

SHAREHOLDING PATTERN (As of 31-03-2021)

S. No.

Shareholders’ Name

Number of shares

% of total Shares of the company

1.

Promoter Group

 11,89,95,182

 95.30%

2.

Public Shareholding

 58,71,720

 4.70%

 

Total

12,48,66,902

100.00%

 

INDUSTRY OUTLOOK

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 its presence in the continent of Africa. The company has been building mobile handset design capability including industrial design, mechanical design, hardware design & software design. 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.

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).

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 centre and manufacturing facilities in Noida.

 

PROFIT & LOSS STATEMENT OF LAVA INTERNATIONAL LIMITED (In Rs. Millions)

PARTICULARS

2021

2020

2019

Revenue from Operations

16166.82

19277.10

30663.47

EBITDA

1030.42

1001.20

787.91

EBITDA margins

6.37

5.19

2.56

Finance Cost

285.09

308.88

379.65

Depreciation

226.51

273.30

316.35

Other Income

98.47

165.95

50.92

Profit/Loss before Exceptional items and Tax

518.82

419.02

267.70

Exceptional items

-

-

-

Total Tax

104.42

170.97

69.48

Profit After Tax (PAT)

414.40

248.05

198.22

PAT Margin

2.56

1.28

0.64

EPS

3.32

1.99

1.59

 

BALANCE SHEET OF LAVA INTERNATIONAL LIMITED (In Rs. Millions)

PARTICULARS

31st March 2021

31st March 2020

31st March 2019

ASSETS

     

NON CURRENT ASSETS

     

Property, Plant & Equipment

578.97

523.37

669.55

Capital Work in Progress

32.76

20.69

-

TOTAL NON CURRENT ASSETS

1635.14

1432.16

1546.58

CURRENT ASSETS

     

Inventories

3263.56

1872.42

3556.98

Trade receivables

7388.05

8818.07

6726.49

Cash and cash equivalent

181.08

123.35

722.07

Other Financial assets

982.10

980.19

971.22

Other current assets

2305.31

2916.70

3000

TOTAL CURRENT ASSETS

15749.34

16039.78

16859.89

TOTAL ASSETS

17384.48

17471.94

18406.47

EQUITY AND LIABILITIES

     

EQUITY

     

Equity Share Capital

1248.67

1248.67

1248.67

Other Equity

9277.33

8614.91

 8361.5

TOTAL EQUITY

10577

9913.58

9660.17

LIABILITIES

     

NON CURRENT LIABILITIES

     

Borrowings

-

553.58

672.89

Deferred Tax Liabilities

-

88.29

119.73

TOTAL NON CURRENT LIABILITIES

214.15

1008.21

940.08

CURRENT LIABILITIES

     

Borrowings

965.32

1094.42

797.86

Trade Payables    

 3617.61

3812.33

5297.83

Other Financial Liabilities

1096.11

530.73

594.91

Provisions

163.85

158

231.83

Other Current Liabilities

394.19

617.03

699.41

TOTAL CURRENT LIABILITIES

6593.33

6550.15

7806.22

TOTAL LIABILITIES

6807.48

7558.36

8746.3

TOTAL EQUITY AND LIABILITIES

17384.48

17471.94

18406.47

 

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company decreased by 16.13% from Rs.19277.1 millions in FY 2020 to Rs. 16166.82 millions in FY 2021.

EBITDA of the company increased by 2.91% from Rs. 1001.20 millions in FY 2020 to Rs. 1030.42 millions in FY 2021.

Total borrowings of the company decreased from Rs.1648 million as of 31st March 2020 to Rs.965.32 million as of 31st March 2021. Due to this, Finance cost of the company decreased by 7.70% from Rs.308.88 millions to Rs.285.09 millions.

Profit after Tax of the company increased by 67.06% from Rs. 248.05 millions in FY 2020 to Rs. 414.40 millions in FY 2021.

The Current Ratio of the company as of 31st March 2021 was 2.38.

The Debt to Equity Ratio of the company as of 31st March 2021 was 2.02.

The book value of the company as of 31st March 2021 was Rs. 84.70.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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