Lava International Limited
Lava International Limited
Growing Revenues
Industry Leader
High Dividend Yield
+ 1 more
Industry Indicative Pricing
99.75 as on 6 Oct, 2022
Financials
| All items in INR unless specified | FY17 | FY18 | FY19 | FY20 | FY21 |
|---|---|---|---|---|---|
| Equity And Liabilities | 1492.98 | 2110.14 | 1840.65 | 1747.19 | 1738.45 |
| Shareholder’s Funds | 670.81 | 944.53 | 966.02 | 991.36 | 1057.70 |
| Share Capital | 31.22 | 129.87 | 129.87 | 129.87 | 129.97 |
| Reserve sAnd Surplus | 639.60 | 814.67 | 836.15 | 861.49 | 927.73 |
| Money Received against SW | - | - | - | - | - |
| Minority Interest | - | - | - | - | - |
| Application Money Pending Allotment | - | - | - | - | - |
| Non current Liabilities | 54.37 | 115.98 | 94.01 | 100.82 | 21.41 |
| Long Term Borrowings | 33.25 | 78.66 | 67.29 | 55.36 | - |
| Long Term Provisions | 6.16 | 10.12 | 6.93 | 4.60 | 5.16 |
| Deferred Ta xLiabilities Net | 14.26 | 23.97 | 11.97 | 8.83 | - |
| Other Long Term Liabilities | 0.69 | 3.24 | 7.82 | 32.04 | 16.26 |
| FCMITDA Liability Account | - | - | - | - | - |
| Current Liabilities | 767.80 | 1049.62 | 780.62 | 655.01 | 659.33 |
| Short Term Borrowings | 179.82 | 174.21 | 79.79 | 109.44 | 96.53 |
| Trade Payables | 352.96 | 695.24 | 529.78 | 381.23 | 361.76 |
| Other Current Liabilities | 190.50 | 145.55 | 147.87 | 148.54 | 184.66 |
| Short Term Provisions | 44.51 | 34.62 | 23.18 | 15.80 | 16.39 |
| Assets | 1492.98 | 2110.14 | 1840.65 | 1747.19 | 1738.45 |
| Non current Assets | 228.22 | 139.67 | 154.66 | 143.22 | 163.51 |
| Fixed Assets | 89.06 | 97.79 | 133.06 | 134.75 | 132.84 |
| Tangible Assets | 56.84 | 48.44 | 66.95 | 73.16 | 74.06 |
| Intangible Assets | 12.41 | 17.44 | 12.06 | 5.47 | 1.47 |
| Tangible Assets CWIP | 19.81 | 31.91 | 54.05 | 56.12 | 57.32 |
| Intangibles Under Development or WIP | - | - | - | - | - |
| Pre producing Properties | - | - | - | - | - |
| Producing Properties | - | - | - | - | - |
| Non current Investments | 1.51 | - | - | - | - |
| Deferred Tax AssetsNet | - | - | - | - | 22.90 |
| Long Term Loans And Advances | 13.18 | 11.55 | 10.81 | 8.35 | 7.63 |
| Deferred Government Grants | - | - | - | - | - |
| FCMITDA Asset Account | - | - | - | - | - |
| Other Non CurrentAssets | 124.47 | 30.33 | 10.78 | 0.12 | 0.15 |
| CurrentAssets | 1264.76 | 1970.47 | 1685.99 | 1603.98 | 1574.93 |
| Current Investments | 68.17 | 49.70 | 9.45 | 2.07 | 1.00 |
| Inventories | 473.79 | 442.91 | 355.70 | 187.24 | 326.36 |
| Trade Receivables | 238.07 | 642.15 | 672.65 | 881.81 | 738.80 |
| Cash And BankBalances | 230.79 | 480.04 | 249.69 | 142.51 | 179.37 |
| Short Term Loans And Advances | 233.86 | 310.64 | 291.38 | 280.58 | 222.55 |
| Other Current Assets | 20.08 | 45.02 | 107.12 | 109.77 | 106.85 |
| All items in INR unless specified | FY17 | FY18 | FY19 | FY20 | FY21 |
|---|---|---|---|---|---|
| Revenue | 3662.49 | 3314.45 | 3071.44 | 1944.31 | 1626.53 |
| RevenueFromOperations | 3661.83 | 3290.86 | 3066.35 | 1927.71 | 1616.68 |
| RevenueFromSaleOfProducts | 3627.96 | 3244.62 | 2891.30 | 1789.92 | 1592.48 |
| RevenueFromSaleOfServices | 33.01 | 41.97 | 169.87 | 131.94 | 22.80 |
| OtherOperatingRevenues | 0.87 | 4.26 | 5.18 | 5.86 | 1.41 |
| OtherIncome | 0.65 | 23.60 | 5.09 | 16.59 | 9.85 |
| ServiceTaxCollected | - | - | - | - | - |
| OtherDutiesTaxesCollected | - | - | - | - | - |
| PurchasesOfStockInTrade | 919.88 | 394.50 | 334.85 | 281.98 | 152.60 |
| CostOfMaterialsConsumed | 1630.54 | 2060.99 | 2049.45 | 1130.63 | 1156.67 |
| Changes In Inventories Of FG, WIP And SIT | 164.50 | -2.79 | 105.17 | 142.41 | -59.07 |
| ExciseDuty | - | - | - | - | - |
| EmployeeBenefitExpense | 283.32 | 388.56 | 270.58 | 139.27 | 133.19 |
| FinanceCosts | 16.02 | 8.33 | 20.39 | 30.89 | 28.51 |
| Depreciation And Amortisation Expense | 25.25 | 27.85 | 31.64 | 27.33 | 22.65 |
| OtherExpenses | 428.61 | 325.87 | 232.61 | 149.89 | 140.10 |
| PBT before Extraordinary Item | 194.37 | 111.14 | 26.77 | 41.90 | 51.88 |
| ExceptionalItemsBeforeTax | - | - | - | - | - |
| ExtraordinaryItemsBeforeTax | - | - | - | - | - |
| ProfitBeforeTax | 194.37 | 111.14 | 26.77 | 41.90 | 51.88 |
| CurrentTax | 133.67 | 31.36 | 19.60 | 20.22 | 30.18 |
| DeferredTax | -69.89 | 9.12 | -12.65 | -3.12 | -19.73 |
| TaxExpense | 63.78 | 40.48 | 6.95 | 17.10 | 10.44 |
| PAT from Continuing Operation | 130.59 | 70.65 | 19.82 | 24.80 | 41.44 |
| PBT from Discontinuing Operation | - | - | - | - | - |
| Tax Of Discontinuing Operations | - | - | - | - | - |
| Profit Loss From Discontinuing Operation After Tax | - | - | - | - | - |
| ProfitLossForPeriod | 130.59 | 70.65 | 19.82 | 24.80 | 41.44 |
| BasicEarningPerEquityShare | - | - | - | - | - |
| DilutedEarningsPerEquityShare | - | - | - | - | - |
| All items in INR unless specified | FY17 | FY18 | FY19 | FY20 | FY21 |
|---|---|---|---|---|---|
| PBT before Extraordinary Item | 194.37 | 111.14 | 26.77 | 41.90 | 51.88 |
| Adjustments For Depreciation And Amortisation Expense | 25.25 | 27.85 | 31.64 | 28.04 | 22.79 |
| Adjustments For Finance Costs | 24.04 | 23.57 | 27.22 | 21.95 | 19.31 |
| Dividends Received Classified As Operating Activities | - | - | - | - | - |
| Interest Paid Classified As Operating Activities | -23.99 | - | - | - | - |
| Interest Received Classified As Operating Activities | -17.41 | - | - | - | - |
| Adjustments For Impairment Loss Reversal | - | - | - | - | - |
| Adjustments For Unrealised Foreign Exchange Losses Gains | -0.21 | 10.68 | -17.28 | -5.93 | 3.00 |
| Adjustments For Dividend Income | - | 0.44 | 0.50 | - | - |
| Adjustments For Share based Payments | 2.64 | 9.51 | 0.45 | - | 8.55 |
| Proceeds From Operating Extraordinary Items | - | - | - | - | - |
| Payment For Operating Extraordinary Items | - | - | - | - | - |
| Other Items classified as Operating Activities | - | - | - | - | - |
| Other Adjustments For Investing Or Financing Items | -6.76 | - | - | - | - |
| Other Adjustments For Non-cash Items | 22.64 | - | - | - | - |
| Other Adjustments To Reconcile Profit Loss | 8.88 | -28.91 | 10.14 | 7.24 | 19.73 |
| Total Adjustments To Profit Loss | 86.63 | -77.53 | -110.36 | -153.88 | 72.37 |
| Share of P&L from FIRM/AOP/LLP | - | - | - | - | - |
| Total Adjustments For Reconcile Profit/Loss | 86.63 | -77.53 | -110.36 | -153.88 | 72.37 |
| Adjustments For Decrease Increase In Inventories | 130.38 | 47.31 | 79.12 | 166.97 | -134.95 |
| Adjustments For Decrease Increase In Trade Receivables | -14.63 | -393.25 | -26.72 | -194.38 | 56.11 |
| Adjustments For Decrease Increase In Other Current Assets | 184.69 | -92.86 | -53.57 | 18.07 | 54.17 |
| Adjustments For Increase Decrease In Trade Payables | -234.06 | 342.91 | -129.90 | -172.62 | 29.17 |
| Adjustments For Change In Other CL | - | - | - | - | - |
| Adjustments For Provisions | -27.45 | -4.25 | -14.62 | -9.78 | 1.14 |
| Total Adjustments For Working Capital | - | - | - | - | - |
| Taxes Paid Classified As Operating Activities | 77.37 | 102.33 | 22.98 | 6.19 | 26.76 |
| Net CashFlows From Used In Operating Activities | 203.63 | -68.73 | -106.57 | -118.16 | 97.49 |
| Cash Flows From Losing Control of Subsidiaries | - | - | - | - | - |
| Cash Flows Used In Obtaining Control of Subsidiaries | 10.11 | - | - | - | - |
| Other Receipts From Sales Of Financial Instruments | 169.06 | - | - | - | - |
| Other Payments to Acquire Financial Instruments | 233.05 | - | - | - | - |
| Other Receipts From Sales Of Interests In JV | 8.00 | - | - | - | - |
| Other Payments to Acquire Interests In JV | - | - | - | - | - |
| Receipt from Share of P&L from FIRM/AOP/LLP | - | - | - | - | - |
| Payment For Investment in FIRM/AOP/LLP | - | - | - | - | - |
| Proceeds From Sales Of Tangible Assets | 0.24 | 0.05 | 0.09 | 0.19 | 0.43 |
| Purchase Of Tangible Assets | 21.54 | 25.16 | 7.72 | 18.43 | 15.99 |
| Proceeds From Sales Of Intangible Assets | - | - | - | - | - |
| Purchase Of Intangible Assets | 3.58 | 9.78 | 9.28 | - | - |
| Advances And Loans Made To Other Parties | - | - | - | - | - |
| Receipt from Repayment Of Advances And Loans | - | - | - | - | - |
| Cash Payments For Future/options Contracts | - | - | - | - | - |
| Cash Receipts From Future/Options Contracts | - | - | - | - | - |
| Dividends Received/Classified As Investing Activities | - | - | - | - | - |
| Interest Received/Classified As Investing Activities | 11.02 | 12.01 | 27.69 | 9.88 | 9.97 |
| Taxes Paid/Classified As Investing Activities | - | - | - | - | - |
| Other Cash Flows Classified As Investing Activities | -114.15 | -5.40 | 95.60 | 64.84 | -37.04 |
| Proceeds From Government Grants as Investing Activities | - | - | - | - | - |
| Proceeds From Investing Extraordinary Items | - | - | - | - | - |
| Payment For Investing Extraordinary Items | - | - | - | - | - |
| Net Cash Flows From Used In Investing Activities | -128.01 | -28.29 | 106.37 | 56.48 | -42.62 |
| Proceeds From Issuing Shares | - | 384.92 | - | - | - |
| Proceeds From Issuing Other Equity Instruments | - | - | - | - | - |
| Proceeds From Issuing Debentures Notes Bonds Etc | - | - | - | - | - |
| Proceeds From Borrowings | 35.60 | 53.78 | -64.43 | 29.66 | -9.79 |
| Repayments Of Borrowings | 18.68 | 46.47 | 71.44 | 12.07 | 11.96 |
| Dividends Paid Classified As Financing Activities | - | - | - | - | - |
| Interest Paid Classified As Financing Activities | 18.93 | 18.96 | 20.42 | 15.78 | 27.34 |
| Taxes Paid Classified As Financing Activities | - | - | - | - | - |
| Other Cash Flows Classified As Financing Activities | -18.45 | -5.61 | -94.43 | - | - |
| Proceeds From Financial Extraordinary Items | - | - | - | - | - |
| Payment For Financial Extraordinary Items | - | - | - | - | - |
| Net Cash Flows From Used In Financing Activities | -20.46 | 221.66 | -156.29 | 1.81 | -49.09 |
| Net Change Before Effect Of Exchange Rate | 55.17 | 124.64 | -156.49 | -59.87 | 5.77 |
| Effect Of Exchange Rate Changes | - | - | - | - | - |
| Net Increase Decrease In Cash And Cash Equivalents | 55.17 | 124.64 | -156.49 | -59.87 | 5.77 |
| Cash And Cash Equivalents Cash Flow Statement | 104.06 | 228.70 | 72.21 | 12.34 | 18.11 |
| Bank Overdrafts Classified As Cash Equivalents | - | - | - | - | - |
| Other Differences To Cash And Cash Equivalents | - | -13.22 | - | - | - |
| Total Cash And Cash Equivalents | 104.06 | 228.70 | 72.21 | 12.34 | 18.11 |
| All items in INR unless specified | FY17 | FY18 | FY19 | FY20 | FY21 |
|---|---|---|---|---|---|
| EBIT Growth | - | - | - | - | 1616682000000 |
| PAT Margin | 3.57 | 2.13 | 0.65 | 1.28 | 2.55 |
| EBDITA Margin | 6.42 | 3.73 | 2.40 | 4.30 | 5.73 |
| EBDITA Growth | - | - | - | -0.54 | - |
| EPS Growth | - | - | - | - | 332.00 |
| Return On Equity | 19.47 | 7.48 | 2.05 | 2.50 | 3.92 |
| ROCE | 29.01 | 11.27 | 4.45 | 5.42 | 7.61 |
| Operating Cash Margin | 5.56 | -2.09 | -3.48 | -6.13 | 6.03 |
| Interest Coverage | 13.13 | 14.34 | 2.31 | 3.42 | 2.82 |
| Debt Equity Ratio | 0.05 | 0.08 | 0.07 | 0.06 | - |
| Current Ratio | 1.65 | 1.88 | 2.16 | 2.45 | 2.39 |
| Leverage TOLTNW | 1.25 | 1.26 | 0.92 | 0.77 | 0.62 |
| Asset Turnover Ratio | 2.45 | 1.57 | 1.67 | 1.11 | 1.87 |
| Inventory T/O Ratio | 5.73 | 5.54 | 7.00 | 8.30 | 7.66 |
| WC T/O Ratio | 7.37 | 3.60 | 3.39 | 2.04 | 3.55 |
| Trade Payable Days | 47.45 | 103.46 | 77.68 | 89.24 | 52.81 |
| Debtors O/S Days | 23.73 | 71.22 | 80.07 | 166.51 | 83.40 |
| Inventory Holding Days | 63.70 | 65.91 | 52.15 | 43.83 | 47.64 |
| Cash Conversion Cycle | 39.97 | 33.67 | 54.54 | 121.10 | 157.53 |
| Cash Generating Power | 3.69 | -0.55 | 0.68 | 1.97 | 16.89 |
| FreeCashFlow% | 87.66 | 150.83 | 115.96 | 115.60 | 83.60 |
| Capex Coverage Ratio | 8.11 | -1.97 | -6.27 | -6.41 | 6.10 |
| STL Coverage Ratio | 1.13 | -0.39 | -1.34 | -1.08 | 1.01 |
About Lava International Limited
In the mobile handset sector, Lava International Limited is a multinational corporation with Indian roots. As a breakaway from a telecom business, the company was established in 2009 by Hari Om Rai, Sunil Bhalla, Shailendra Nath Rai, and Vishal Sehgal. It has offices in abroad in Thailand, Nepal, Bangladesh, Sri Lanka, Indonesia, Mexico, and the Middle East. Its headquarters are in Noida, India. The business began its operations in Africa by introducing its product in Egypt in 2016. The corporation has operations in more than 11 nations, including India, South East Asia, the Middle East, and North America. It is a market leader in a number of nations, ranking fourth in India, second in Thailand, third in Sri Lanka, and fifth in Bangladesh.The expansion of its footprint on the African continent is underway.
Recent News
Lava international limited onboards Kartik Aaryan as its brand ambassador
The company is going ahead full throttle in terms of business and has recently dropped a bombshell by announcing bringing onboard Bollywood superstar Kartik Aaryan as the brand ambassador of Lava smartphones.
20-09-2022 | Business OutreachLava plans affordable 5G smartphones and 4G feature phones
The planned 5G rollout could be an opportunity for the smartphone maker Lava which is preparing itself for this next technological leap.
19-02-2022 | MintHomegrown Lava plans to file DRHP by June-end; Chinese shareholder to dilute holdings post IPO
Lava International is planning raise Rs 1400-1500 crore via an initial public offering (IPO), for which it will file a Draft Red Herring Prospectus (DRHP) by the end of this month
03-06-2022 | Economic TimesDiscussion
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