Lava Unlisted Unlisted Shares

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.

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.

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Pros

• Strong Market Presence – Lava ranks among the top mobile brands in India, Thailand, Sri Lanka, and Bangladesh, demonstrating a solid regional footprint.
• In-House Manufacturing & R&D – The company designs and manufactures devices domestically, ensuring quality control and cost efficiency.
• Diversified Product Portfolio – Lava offers feature phones, smartphones, and tablets, catering to various consumer segments.

Cons

• Declining Financial Performance – Revenue, EBITDA, and PAT have significantly dropped from 2021 to 2024, indicating financial struggles.
• Increased Borrowings & Liabilities – The company’s borrowings and trade payables remain high, affecting liquidity and financial stability.
• Shrinking Margins – Gross margins and net profit margins have declined, reflecting increased costs and reduced profitability.

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