LAVA INTERNATIONAL LTD
Last Traded Price
₹42.00 ( + 10.53 % ) ⭐ ⭐
Principles
Company Name
LAVA INTERNATIONAL LTD
ISIN No.
INE745X01022
No. of Outstanding Shares
541126216
PAN No.
AABCL5987H
Face Value
₹ 5.00
EPS
₹0.63
PE ratio
61.90
P/S Ratio
0.58
Market Capitalization (in Cr)
₹2110.39
Book value
₹17.61
P/BV
2.21
DRHP Filed?
Yes
Available on
NSDL CDSL
Sector
MOBILE MANUFACTURING
CIN
U32201DL2009PLC188920
Registration Date
March 27, 2009
Stock Performance
Stock Price Over Time
Share Details
Company Overview
>Lava International Ltd. (stylized as LΛVΛ) is an Indian multinational founded in March 2009, headquartered in Noida, UP. It is privately held and led by MD Sunil Raina, with 5000+ employees as of 2025. Lava designs, manufactures, and markets consumer electronic products—including smartphones, feature phones, tablets, laptops, smartwatches, and accessories—under the Lava and Xolo brands.
Lava International is a self-reliant Indian handset makerwith strong manufacturing and design credentials, backed by a robust service network. It holds a solid presence in feature phone markets and a growing foothold in smartphones.
Global Footprint & Market Position
- Active in: India, South Asia, Middle East, Southeast Asia, and Africa
- Key countries: Thailand, Sri Lanka, Bangladesh, Nepal, Mexico, Egypt
- India smartphone market share: ~2–3% (FY 2023)
- India feature phone market share: ~25%
- Global feature phone share: ~5%
Products & Innovation
- Lava Agni 5G – launched Nov 2021 (India-made 5G smartphone)
- Agni 3 5G – dual-screen AMOLED (Oct 2024)
- Pro Watch ZN – smartwatch (Apr 2024)
- Bold N1 & Bold N1 Pro – launched May 2025
- India-based R&D and manufacturing under "Make in India"
- Only Indian brand with complete in-house PCB/SMD and industrial design
Lava’s R&D and manufacturing is largely India-based, under Government’s "Make in India" ethos—unique among Indian handset players for fully in-house design and assembly capabilities, including PCB/SMD lines and industrial design teams.
Strengths
- Fully integrated end-to-end mobile design manufacturing (including PCB/SMD) under Make in India framework.
- Strong retail presence with ~1.65 lakh retailers and 800+ service centers across India.
- Growing international footprint across emerging markets.
Industry Outlook
Scale & Market Expansion
- FY 2023-24 mobile production: ₹4.22 lakh crore (vs ₹18,900 crore in FY 2014-15)
- Exports grew from ₹1,566 crore to ₹1.2 lakh crore in same period
- Jan 2025 exports alone: ₹1.5 lakh crore
- Projected FY25 exports: ₹1.8 lakh crore (~40% YoY growth)
Key Growth Drivers
- PLI Scheme (since FY21): Scaled domestic production & exports
- Component Scheme: ₹22,900 crore for boosting local supply chains
- Supply Chain Localization: Import dependence cut from ~78% to 97% self-reliance
Market Dynamics & Segmentation
- ~160 million smartphones shipped in India in 2024
- Entry-level 5G (< ₹10,000) grew rapidly in 2025
- Ultra-premium (> ₹45,000) grew ~15% YoY
- ASP increased ~11% CAGR post-Covid
- Offline retail dominates (~65%), esp. in Tier 2/3 cities
Key Drivers of Growth
Government Policy & PLI Incentives
Government Policy & PLI Incentives
The Production Linked Incentive (PLI) scheme, launched in FY21, has been instrumental in scaling domestic manufacturing and exports.
With PLI expected to phase out by mid 2026, the government has introduced a ₹22,900 crore Component Manufacturing Scheme to boost local component production and move up the value chain.
Export & Supply Chain Strengthening
India’s smartphone exports are expected to become a top export category by FY25 26. Domestic component manufacturing ecosystems are expanding rapidly. A robust push toward domestic content reduced import dependence from ~78% in 2014 to over 97% self-reliance by FY24.
Market Dynamics & Segmentation
India shipped approximately 160 million smartphones in 2024, with stable shipments and growing inventory built into H1 2025 adjustments.
Entry-level 5G phones (sub-₹10,000) saw exponential growth in early 2025, while ultra premium phones (>₹45,000) grew ~15% YoY. Average Selling Price climbed ~11% CAGR post Covid.
Offline retail continues to dominate (~65%), particularly in Tier 2 and Tier 3 markets, supported by heavy in-store outreach.
Summary: India’s mobile manufacturing industry is riding a powerful wave—driven by bold policy support, global OEM expansion, and rapid export growth. While headwinds remain via global supply chains and regulatory complexity, the momentum toward ₹5 lakh crore production, ₹2 lakh crore exports, and higher local content looks promising. Continued strategic investment in localization, infrastructure, and smart technology will be pivotal to Sustained success.
Latest Shareholding Pattern
| Category | % Holding |
|---|---|
| Promoters & Promoter Group | ≈ 38.47 % |
| Public & Non-Promoter Shareholders | ≈ 61.53 % |
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