Lava International Ltd Unlisted Shares
₹ 58
About Lava International Ltd Unlisted Shares
Lava International Limited is a homegrown Indian multinational company that has carved a formidable presence in the global mobile handset industry. Founded in 2009 as an offshoot of a telecommunication venture by visionary entrepreneurs Hari Om Rai, Sunil Bhalla, Shailendra Nath Rai, and Vishal Sehgal, Lava has grown from a challenger brand to a market leader in multiple countries.
Headquartered in Noida, India, Lava’s footprint extends far beyond national borders, with operations spanning Thailand, Nepal, Bangladesh, Sri Lanka, Indonesia, Mexico, and the Middle East. The company began its Africa operations by launching products in Egypt in 2016 and is now working to expand its presence across the continent.
With “Create Possibilities” as its guiding principle, Lava has embarked on an ambitious journey to become the first global consumer brand from India, empowering every human with quality, innovative products.
Lava International’s business model, global market leadership, manufacturing prowess, and why its unlisted Pre-IPO shares present a compelling investment opportunity, available exclusively at the best price on Unlisted Network.
Part I: Global Footprint – Market Leadership Across Continents
Lava’s international expansion strategy has yielded impressive results, making it a dominant player in several key markets.
Global Presence
The company operates in more than 11 countries, spanning:
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South Asia: India, Nepal, Bangladesh, Sri Lanka
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Southeast Asia: Thailand, Indonesia
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Middle East
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North America
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Africa: Launched in Egypt (2016), with ongoing expansion plans
Market Leadership Rankings
Lava’s products have resonated strongly with consumers across these diverse markets:
| Country | Market Rank |
|---|---|
| India | 4th Largest |
| Thailand | 2nd Largest |
| Sri Lanka | 3rd Largest |
| Bangladesh | 5th Largest |
These rankings are a testament to Lava’s ability to understand local consumer preferences, offer competitive pricing, and build trusted brand equity in diverse cultural contexts.
Part II: Product Portfolio – Streamlined for Success
Lava offers a wide product portfolio catering to different consumer segments, including smartphones, feature phones, and tablets.
Strategic Portfolio Rationalization
In a strategic move to focus on quality over quantity, Lava has significantly streamlined its product offerings:
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Earlier Portfolio: ~50 products (20 smartphones + 35 feature phones)
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Current Portfolio: Less than 15 phones (5 smartphones + 9 feature phones)
This rationalization allows the company to:
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Focus on high-volume, high-margin models
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Reduce inventory and supply chain complexity
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Deliver better software support and updates
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Strengthen brand perception through focused marketing
Product Range
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Smartphones: Multiple models in various price points, featuring bar and touch form factors
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Feature Phones: Catering to the massive feature phone market in India and emerging economies
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Tablets: Expanding the ecosystem beyond handsets
Part III: Design & Manufacturing Excellence – The India Advantage
Lava takes immense pride in its in-house design and manufacturing capabilities, setting it apart from many competitors who rely solely on imports.
Indigenous Design Capability
Lava has been systematically building comprehensive mobile handset design capabilities, including:
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Industrial Design
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Mechanical Design
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Hardware Design
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Software Design
This vertical integration in design allows Lava to innovate faster and tailor products specifically for Indian and global consumer needs.
Manufacturing Prowess
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Manufacturing Plants: Two state-of-the-art facilities in India
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Unique Distinction: Lava claims to be the only Indian brand to design devices in India and perform PCB SMT (Surface Mount Technology) in its own factory
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R&D Center: In-house research and development center in Noida
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Manufacturing Hub: Facilities located in Noida, equipped with modern machinery
This manufacturing depth not only ensures quality control but also aligns with the Indian government’s “Make in India” initiative, potentially opening up institutional and government procurement opportunities.
Part IV: Financial Performance & Valuation
Robust Financial Track Record
Since its inception in 2009, Lava has demonstrated quick and robust expansion, showing profitability and growing sales since the very first year of operations.
| Metric | FY21 Performance | FY22-23 Performance |
|---|---|---|
| Operating Revenue | ₹5,513 Crores | ₹5,800 Crores |
| Net Profit | ₹173 Crores | N/A |
| EBITDA Growth | 37%+ growth since Mar 2020 | Sustained momentum |
Valuation Metrics
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Total Shares Outstanding: 54.11 Crores
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Current Unlisted Share Price: ₹100 per share
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Market Capitalization: ₹5,400 Crores
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Revenue (FY22-23): ₹5,800 Crores
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Mcap/Revenue Ratio: <1
A Mcap/Revenue ratio of less than 1 is traditionally considered an indicator of an undervalued or reasonably valued company, especially in the consumer electronics space where growth potential is high.
Why Mcap/Revenue < 1 Matters
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Undervalued Signal: Typically, companies with strong growth trade at 2-3x revenue. Lava’s sub-1 multiple suggests significant upside potential.
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Growth Upside: As profitability improves with the streamlined portfolio, the valuation multiple is likely to expand.
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Global Peer Comparison: Global handset makers often trade at much higher multiples, highlighting Lava’s attractive entry point.
Part V: Investment Thesis – Why Lava International Unlisted Shares?
For investors seeking exposure to India’s consumption story and the “Make in India” theme, Lava International presents a compelling, high-conviction opportunity.
1. Proven Market Leadership
Lava is not a startup taking a bet on the future; it is an established player ranked in the top 5 in multiple countries. This de-risks the investment significantly.
2. “Make in India” Champion
As one of the few Indian brands with genuine in-house design and PCB SMT manufacturing, Lava is strategically positioned to benefit from government policies favoring domestic manufacturing, including PLI schemes.
3. Streamlined Strategy
The reduction from 50 to 15 products demonstrates mature management thinking. Focusing on fewer, higher-quality products typically leads to better margins, lower costs, and a stronger brand.
4. Global Diversification
With operations in 11+ countries, Lava is not dependent on any single market. This geographical diversification provides a buffer against regional economic downturns.
5. Attractive Valuation
At a Mcap/Revenue ratio of less than 1 and a share price of just ₹100, the entry point for long-term investors appears highly attractive compared to listed consumer electronics peers.
6. Strong Management Team
Founded and led by industry veterans with deep domain expertise, the promoter team has demonstrated execution capability across cycles.
Part VI: Frequently Asked Questions (FAQ)
Q1. Is Lava a listed company?
Ans. No, Lava International Limited is currently an unlisted company. However, investors can buy its Pre-IPO shares through platforms like Unlisted Network.
Q2. Where can I buy unlisted stocks in India?
Ans. You can easily buy unlisted stocks in India at Unlisted Network – India’s premier platform for Pre-IPO, Unlisted, and Delisted Shares.
Q3. What is the revenue of Lava?
Ans. In FY21, Lava generated over ₹5,000 crores in revenue with a net profit of ₹173 crores. For FY22-23, operating revenue stood at approximately ₹5,800 crores.
Q4. What is the operating revenue of LAVA INTERNATIONAL LIMITED?
Ans. The operating revenue of Lava in FY21 was ₹5,513 crores, growing to approximately ₹5,800 crores in FY22-23.
Q5. What is the change in EBITDA of LAVA INTERNATIONAL LIMITED since last year?
Ans. Lava International’s EBITDA grew by more than 37% since March 2020, demonstrating strong operational efficiency.
Q6. How many shares does Lava have outstanding?
Ans. Lava’s total shares outstanding are 54.11 Crores.
Q7. What is the current valuation of Lava?
Ans. At a share price of ₹100, Lava’s market capitalization is approximately ₹5,400 Crores, with an Mcap/Revenue ratio of less than 1, indicating attractive valuation.
Part VII: Why Unlisted Network is Your Trusted Partner
At Unlisted Network, we specialize in connecting serious investors with high-quality, pre-IPO and unlisted investment opportunities. Here is why we are the best platform to buy Lava International unlisted shares:
1. Best Price Assurance
We leverage deep market connections and extensive research to offer you the most competitive pricing on Lava International Pre-IPO shares.
2. Transparency & Trust
Every transaction on Unlisted Network is backed by clear documentation, secure payment gateways, and a transparent transfer process. No hidden fees, no last-minute surprises.
3. Expert Curation
Our team of financial analysts meticulously researches and vets each opportunity, ensuring that only fundamentally strong businesses with solid governance make it to our platform.
4. Seamless Execution
From price discovery to share transfer, our dedicated support team handles the heavy lifting, making your investment journey smooth and hassle-free.
5. India’s No. 1 Platform
Trusted by thousands of investors, Unlisted Network is recognized as India’s go-to platform for unlisted and pre-IPO shares.
Ready to Invest?
Lava International Limited represents a rare opportunity to invest in an established, profitable, and globally expanding Indian consumer brand at a fundamentally attractive valuation. With market leadership across 11 countries, genuine manufacturing capabilities, and a focused product strategy, Lava is poised for its next phase of growth.
Ready to invest? Buy Lava International Unlisted Pre-IPO Shares at the best price exclusively on Unlisted Network.
Join the league of smart investors who are building their portfolios with high-conviction, unlisted assets. Whether you are an HNI, a corporate investor, or a retail participant looking for the next big opportunity, Unlisted Network is your gateway.
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Conclusion
From its founding in 2009 to becoming the 4th largest player in India and a top-ranked brand in Thailand, Sri Lanka, and Bangladesh, Lava International Limited has written an inspiring chapter in Indian business history.
With a streamlined product portfolio, in-house design and manufacturing capabilities, and a presence in over 11 countries, Lava is not just a mobile phone company—it is a global Indian brand in the making.
For investors, the current valuation (Mcap/Revenue <1) and share price of ₹100 offer a compelling entry point into a company with proven profitability, strong management, and immense growth potential.
Don’t miss out. Buy Lava International Unlisted Pre-IPO Shares at the best price, exclusively on Unlisted Network.
Disclaimer: This article is for informational purposes only and based on data available up to the mentioned dates. Financial figures (FY21, FY22-23) are as per available public information and may be subject to change upon official audited statements. Unlisted shares carry risks related to liquidity and valuation. Please consult your financial advisor before investing.
Fundamentals
| NSE India Limited | ₹ 2075 | Market Cap (in cr.) | ₹ 2489 |
| Unlisted Shares Price | ₹ 46 | P/E Ratio | 73.02 |
| Lot Size | 1000 Shares | P/B Ratio | 2.6 |
| 52 Week High | ₹ 52 | Debt to Equity | 0.12 |
| 52 Week Low | ₹ 38 | ROE (%) | 3.57 |
| Depository | NSDL & CDSL | Book Value | 17.7 |
| PAN Number | AABCL5987H | Face Value | 5 |
| ISIN Number | INE745X01022 | Total Shares | 541126216 |
| CIN | U32201DL2009PLC188920 | ||
| RTA | Link Intime |
Financial
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 5512.87 | 5877.64 | 5443 | 3646 |
| Cost of Material Consumed | 1154.6 | 1147.37 | 4572 | 2849 |
| Change in Inventory | -127.33 | -103.78 | -49 | 218 |
| Gross Margins | 79.06 | 80.48 | 16 | 21.86 |
| Employee Benefit Expenses | 190.22 | 212.27 | 210 | 181 |
| Other Expenses | 4054.96 | 4298.11 | 445 | 316 |
| EBITDA | 240.42 | 323.67 | 265 | 82 |
| OPM | 4.36 | 5.51 | 4.87 | 2.25 |
| Other Income | 10.8 | 20.36 | 27 | 21 |
| Finance Cost | 28.57 | 44.11 | 54 | 34.5 |
| D&A | 39.03 | 96.71 | 140 | 23 |
| EBIT | 201.39 | 226.96 | 125 | 59 |
| EBIT Margins | 3.65 | 3.86 | 2.3 | 1.62 |
| PBT | 183.42 | 203.11 | 99 | 46 |
| PBT Margins | 3.33 | 3.46 | 1.82 | 1.26 |
| Tax | 10.82 | 16.24 | 11 | 12 |
| PAT | 172.6 | 186.87 | 88 | 34 |
| NPM | 3.13 | 3.18 | 1.62 | 0.93 |
| EPS | 6.91 | 3.45 | 1.61 | 0.62 |
Financial Ratios |
2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 4.36 | 5.51 | 4.87 | 2.25 |
| Net Profit Margin | 3.13 | 3.18 | 1.62 | 0.93 |
| Earning Per Share (Diluted) | 6.91 | 3.45 | 1.61 | 0.62 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 119.14 | 161.96 | 269 | 48.5 |
| CWIP | 3.27 | 56.86 | 19 | 20 |
| Investments | 13.05 | 75.62 | 107 | 384 |
| Trade Receivables | 1162.41 | 1292.11 | 738 | 393 |
| Inventory | 443.86 | 682.87 | 736 | 384 |
| Other Assets | 688.02 | 1123.92 | 657 | 501.5 |
| Total Assets | 2429.75 | 3393.34 | 2526 | 1731 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 124.86 | 270.56 | 273.8 | 273.8 |
| FV | 5 | 5 | 5 | 5 |
| Reserves | 1461.34 | 2016.75 | 1130 | 679 |
| Borrowings | 103.12 | 322.41 | 306 | 112 |
| Trade Payables | 508.18 | 515.76 | 586 | 404 |
| Other Liabilities | 232.26 | 267.86 | 230.2 | 262.2 |
| Total Liabilities | 2429.76 | 3393.34 | 2526 | 1731 |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | 183.42 | 203.11 | 99 | 45 |
| OPBWC | 266.45 | 339.16 | 267 | 76 |
| Change in Receivables | 49.44 | -91.95 | -184 | -79 |
| Change in Inventories | -204.67 | -73.84 | -51 | 243 |
| Change in Payables | -24.88 | -42.36 | 51 | -42 |
| Other Changes | 94.43 | -36.61 | -20 | -74 |
| Working Capital Change | -85.68 | -244.76 | -204 | 48 |
| Cash Generated From Operations | 180.77 | 94.4 | 63 | 124 |
| Tax | -28.99 | -39.06 | -26 | -11 |
| Cash Flow From Operations | 151.78 | 55.34 | 37 | 113 |
| Purchase of PPE | -68.44 | -191.03 | -20 | -10 |
| Sale of PPE | 0.43 | 0.01 | 0.3 | 0 |
| Cash Flow From Investment | -95.14 | -210.98 | 6.6 | 19 |
| Borrowing | -21.75 | 65.14 | -16.5 | -92 |
| Dividend | 0 | 0 | 0 | 0 |
| Equity | 0 | 102 | 0 | 0 |
| Others From Financing | -27.34 | -2.84 | -44.5 | -26 |
| Cash Flow from Financing | -49.09 | 164.3 | -61 | -118 |
| Net Cash Generated | 7.55 | 8.66 | -17.4 | 14 |
| Cash at the Start | 18.63 | 23.87 | 93 | 82 |
| Cash at the End | 26.18 | 32.53 | 75.6 | 96 |
Events
| Name | Date | Details |
|---|---|---|
| AGM of Lava International Limited AGM of Lava International Limited will be held on August 14, 2024, at 12:00 P.M. via video conferencing |
14/08/2024 | Download |
| Bonus Lava Has Issued Bonus Shares in 1:1 |
07/09/2021 | |
| Split Lava Has Split FV from 10 to 5 |
07/09/2021 |
