LAVA Mobile Unlisted Shares
LAVA International Ltd.
INE745X01022
Incorporation Date: 27-Mar-2009
Listing Status: DRHP Not Filed
About LAVA Mobile Unlisted Shares
Overview of LAVA Mobile Unlisted Shares
LAVA International Limited
About Company
LAVA International Limited is an Indian mobile technology and consumer electronics company established in 2009. Headquartered in Noida, Uttar Pradesh, the company designs, develops, manufactures and markets mobile handsets and related electronic devices under the LAVA brand.
The company focuses on delivering technology products across affordable and mid-range consumer segments, with a strong emphasis on domestic product design, manufacturing capabilities and after-sales service. Its product portfolio spans smartphones, feature phones, tablets, computing devices and accessories.
LAVA has developed its business around the principle of “Design in India”, building in-house capabilities across industrial design, mechanical design, hardware design and software development. The company also has an international presence across selected markets in Asia, Africa and the Middle East.
Introduction & Infrastructure
LAVA operates as a mobile technology company with capabilities across product development, hardware engineering, manufacturing, distribution and customer support. Its principal business operations and manufacturing infrastructure are based in Noida, Uttar Pradesh.
The company has developed domestic design and research capabilities to support product innovation and localisation. Its operating model combines product engineering with manufacturing and a nationwide distribution and after-sales service network.
Key infrastructure and operational highlights include:
Head office and major operating presence in Noida, Uttar Pradesh.
In-house product design and research capabilities.
Industrial, mechanical, hardware and software design expertise.
Mobile handset manufacturing and assembly capabilities.
Nationwide distribution supported by retailers and distributors.
An established after-sales service network across India.
International business relationships across selected global markets.
Business Model & Operational Verticals
LAVA follows an integrated mobile technology and consumer electronics business model, combining product design, sourcing, manufacturing, branding, distribution and after-sales support.
Key Business Verticals
Smartphones
Android smartphones across multiple price segments.
4G and 5G-enabled devices.
Products designed for everyday communication, entertainment, productivity and gaming.
Feature Phones
Affordable handsets for essential communication.
Devices targeting value-conscious customers and markets with continued demand for basic mobile connectivity.
Tablets & Computing Devices
Tablets and selected computing products for personal and professional use.
Devices serving consumer and institutional requirements.
Mobile Accessories
Chargers, earphones and other mobile-related accessories.
Products designed to complement the company's handset portfolio.
Product Design & Engineering
Industrial and mechanical design.
Hardware and software development.
Product testing, localisation and feature development.
Manufacturing & Assembly
Mobile handset manufacturing and assembly operations.
Manufacturing processes aligned with domestic production and the Make in India ecosystem.
Distribution & After-Sales Service
Retail and distributor-led product availability.
Customer support, repairs and service-centre operations.
Management Details
LAVA was founded in 2009 by entrepreneurs including Hari Om Rai, Sunil Bhalla, Vishal Sehgal and Shailendra Nath Rai.\
Key Leadership
| Name | Role / Association |
|---|---|
| Hari Om Rai | Co-founder and Chairman; associated with the company's founding and strategic development |
| Sunil Bhalla | Co-founder and Director; brings experience in business management and telecommunications |
| Sunil Raina | Associated with the company's management and business leadership |
The company's leadership and operating teams oversee product development, manufacturing, sales, marketing, distribution, technology and customer service.
Key Product & Program Portfolio
| Product Category / Series | Key Offerings |
|---|---|
| AGNI Series | Performance-oriented smartphones, including 5G-enabled models |
| BLAZE Series | Smartphones across affordable and value-focused segments |
| YUVA Series | Entry-level and budget-oriented smartphones |
| BOLD Series | Smartphones designed for value-conscious customers |
| PLAY Series | Smartphones focused on entertainment and gaming-oriented use cases |
| STORM Series | Smartphones targeting affordable 5G and everyday usage segments |
| Feature Phones | Basic handsets designed for essential communication |
| Tablets | Computing and connectivity devices for consumer and institutional use |
| Laptops & Computing Devices | Selected personal computing products |
| Mobile Accessories | Charging and audio accessories and related products |
Technology, Research & Development
LAVA's product strategy places emphasis on developing domestic design and engineering capabilities rather than relying exclusively on externally designed products.
Key capabilities include:
Industrial design and product aesthetics.
Mechanical design and hardware engineering.
Software development and device optimisation.
Product integration and testing.
Smartphone hardware and feature development.
Product localisation for Indian consumer requirements.
Manufacturing-process support and quality control.
The company's design-led approach supports differentiation in product features, usability and pricing while contributing to India's domestic mobile technology ecosystem.
Manufacturing & Distribution Network
LAVA has built a distribution and service network to support the sale and servicing of mobile devices across India.
Its distribution ecosystem includes:
Retailers and multi-brand mobile stores.
Regional and national distributors.
Online sales channels.
Authorised service centres.
Customer support and repair operations.
This network helps the company reach customers across metropolitan, urban, semi-urban and smaller markets. After-sales service is an important component of its customer proposition, particularly in the value-conscious handset segment.
Customer & Industry Ecosystem
LAVA serves consumer segments with varying requirements for affordability, connectivity, performance and device functionality.
Its customer base includes:
Budget-conscious smartphone buyers.
First-time smartphone users.
Feature-phone users.
Students and young consumers.
Working professionals.
Customers seeking affordable 4G and 5G devices.
Retailers and distribution partners.
Institutional buyers requiring selected electronic devices.
The company operates within India's competitive mobile handset and consumer electronics industry, where pricing, product specifications, distribution reach, brand recognition and after-sales support are important purchasing considerations.
Key Business Highlights
Established in 2009 and headquartered in Noida, Uttar Pradesh.
Indian mobile technology company operating under the LAVA brand.
Product portfolio includes smartphones, feature phones, tablets, computing devices and accessories.
Offers multiple smartphone series, including AGNI, BLAZE, YUVA, BOLD and PLAY.
Developed in-house capabilities across industrial, mechanical, hardware and software design.
Focuses on domestic product development and manufacturing under the Design in India and Make in India ecosystem.
Maintains a nationwide distribution and after-sales service network.
Has business operations and relationships across selected international markets.
Combines product engineering, manufacturing, branding and distribution within its operating model.
Positioned within India's mobile handset and consumer electronics ecosystem, with an emphasis on accessible technology and locally developed products.
Insights of LAVA Mobile Unlisted Shares
Lava International Ltd.
1. Financial Highlights
| Particulars (₹ Cr) | FY24 | FY25 | YoY Change |
|---|---|---|---|
| Net Revenue | 3,946.00 | 2,019.03 | -48.8% |
| Total Operating Cost | 3,563.90 | 2,257.39 | -36.7% |
| Operating Profit (EBITDA) | 103.00 | -238.35 | Turned negative |
| Other Income | 20.94 | 12.22 | -41.6% |
| Depreciation | 23.01 | 34.88 | +51.6% |
| Finance Costs | 34.56 | 51.19 | +48.1% |
| Profit Before Tax (PBT) | 66.37 | -312.18 | Turned negative |
| Profit for the Period (PAT) | 53.77 | -248.26 | Turned negative |
2. What the Numbers Tell Us
Revenue declined sharply.
Lava International’s consolidated revenue fell from ₹3,946 Cr in FY24 to ₹2,019.03 Cr in FY25, a decline of approximately 48.8%. This represents a substantial contraction in reported business activity. The supplied financial figures do not establish the reason behind the decline.
The company moved from operating profit to operating loss.
EBITDA shifted from a profit of ₹103 Cr in FY24 to a loss of ₹238.35 Cr in FY25. The EBITDA margin also deteriorated:
FY24: 2.6%
FY25: -11.8%
This means the company was loss-making at the operating level in FY25, before accounting for other income, depreciation and financing costs.
Costs did not fall as quickly as revenue.
Total operating costs declined by 36.7%, but revenue fell by 48.8%. This difference contributed to the deterioration in operating profitability. Other expenses also increased from ₹315.70 Cr to ₹451.22 Cr despite the lower revenue base, making them an important area for further investigation.
Finance costs and depreciation increased.
Finance costs rose 48.1% to ₹51.19 Cr, adding to the company's financial burden.
Depreciation increased 51.6% to ₹34.88 Cr, further reducing earnings below EBITDA.
These increases intensified the pressure on profitability, although the supplied figures do not explain their underlying causes.
The company reported a substantial net loss.
Lava reported a loss before tax of ₹312.18 Cr and a loss for the period of ₹248.26 Cr in FY25, compared with profits of ₹66.37 Cr and ₹53.77 Cr, respectively, in FY24.
The difference between PBT and PAT reflects the reported negative income-tax figure of ₹63.92 Cr. This appears to provide a tax benefit that reduces the reported net loss, but its precise nature requires confirmation from the full financial statements.
3. Key Investor Observations
Sharp revenue contraction
Revenue nearly halved year-on-year. Understanding the reasons for this decline and whether sales can recover will be critical to evaluating the business.
Severe operating deterioration
The EBITDA margin moved from 2.6% to -11.8%. The company needs to improve its operating performance and cost structure to return to profitability.
Rising financial burden
Higher finance costs add pressure while the core business is loss-making. Investors should monitor borrowings, interest obligations and cash flow.
4. Key Takeaways
Revenue: Declined 48.8% to ₹2,019.03 Cr.
EBITDA: Shifted from a profit of ₹103 Cr to a loss of ₹238.35 Cr.
Operating margin: Deteriorated from 2.6% to -11.8%.
Finance costs: Increased 48.1% to ₹51.19 Cr.
Net profit: The company reported a loss of ₹248.26 Cr in FY25.
What investors should monitor: Revenue recovery, operating-cost control, cash flow, borrowing levels and the sustainability of any future turnaround.
Financial Charts of LAVA Mobile Unlisted Shares
Balance Sheet of LAVA Mobile Unlisted Shares
Profit and Loss of LAVA Mobile Unlisted Shares
Ancillary of LAVA Mobile Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of LAVA Mobile Unlisted Shares
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How to buy LAVA International Ltd.?
Below are three ways through which you can purchase LAVA International Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy LAVA International Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell LAVA International Ltd.?
Below are three ways through which you can sell LAVA International Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell LAVA International Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of LAVA International Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for LAVA International Ltd. is ₹46 and your sell price for LAVA International Ltd. is ₹40. The price is based on our estimates and market conditions.
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What is the lock-in period of LAVA International Ltd.?
The lock-in period for LAVA International Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of LAVA International Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of LAVA International Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the LAVA International Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of LAVA International Ltd.. The price is also determined from the most recent funding round for LAVA International Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of LAVA International Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of LAVA International Ltd. with us kindly click here.
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What are the financials of LAVA International Ltd.?
The financials of LAVA International Ltd. which includes the P/L of LAVA International Ltd. and the Balance Sheet of LAVA International Ltd. is in the financials section (Click on link).
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Where can I find the annual report of LAVA International Ltd.?
The annual report of LAVA International Ltd. is available in the annual report section (Click on link).
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Is buying LAVA International Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on LAVA International Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on LAVA International Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on LAVA International Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source LAVA International Ltd.?
At Altius Investech, our approach to sourcing LAVA International Ltd. unlisted shares involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of LAVA International Ltd. unlisted shares. This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying LAVA International Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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