- CIN
- —
- ISIN
- INE745X01022
- Incorporated
- —
- Registered state
- —
Key valuation
- Market cap
- ₹2,814 Cr
- P/E
- —
- Debt / equity
- 0.2x
- Shares outstanding
- 54,11,20,000
Prices shown are indicative, dealer-quoted and updated periodically — they are not exchange-traded prices and may differ from the price at which a transaction is finally executed.
Price history
Dated dealer-quote averages, plotted on a true time scale. There is no continuous trading behind these numbers.
Business overview
Lava was incorporated on 27 March 2009 by Hari Om Rai, Vishal Sehgal, Shailendra Nath Rai and Sunil Bhalla, growing out of a telecom venture the four of them were already running. Phones, essentially. Smartphones, feature phones, tablets and a few other digital devices. Head office is in Noida and the company sells into Nepal, Bangladesh, Thailand, Indonesia, Mexico, Sri Lanka and parts of the Middle East. The design capability is the part worth pausing on, its all in house across industrial, mechanical, hardware and software, so products get designed and built without leaning much on outside partners. Lava comes up often in the Design in India and Make in India conversation, and unlike a few companies making that claim it genuinely keeps end to end development and manufacturing inside the country. Competing with Chinese handset makers on price is a hard way to earn a living, which makes the domestic manufacturing angle more than a marketing line.
Key highlights
- Incorporated in March 2009
Financial snapshot
FY2025
- Revenue FY2025
- ₹2,019.03 Cr
- EBITDA
- ₹-238.32 Cr
- PAT
- ₹-248.26 Cr
- Net worth
- ₹1,830.57 Cr
- Total debt
- ₹303.32 Cr
- Cash & equivalents
- ₹19.46 Cr
- Operating cash flow
- ₹-19.41 Cr
- EPS
- ₹-4.59
Reported financials · FY2022–FY2025
Figures in ₹ crore unless stated.
| Particulars | FY2022 | FY2023 | FY2024 | FY2025 | YoY | CAGR |
|---|---|---|---|---|---|---|
| Profit & loss | ||||||
| Revenue from operationsYoY -44.6%CAGR -30.0% | 5,878 | 5,444 | 3,646 | 2,019 | -44.6% | -30.0% |
| Other income | 20 | 27 | 21 | 12 | — | — |
| Total expenses | 5,695 | 5,372 | 3,622 | 2,343 | — | — |
| EBITDAYoY -390.3%CAGR — | 324 | 265 | 82 | -238 | -390.3% | — |
| Depreciation & amortisation | 97 | 140 | 23 | 35 | — | — |
| EBIT | 227 | 125 | 59 | -273 | — | — |
| Finance cost | 44 | 54 | 35 | 51 | — | — |
| Profit before taxYoY -787.0%CAGR — | 203 | 99 | 45 | -312 | -787.0% | — |
| Tax expense | 16 | 11 | 12 | -64 | — | — |
| Profit after taxYoY -833.4%CAGR — | 187 | 88 | 34 | -248 | -833.4% | — |
| Earnings per share | ₹3.45 | ₹1.63 | ₹0.63 | ₹-4.59 | — | — |
| Balance sheet | ||||||
| Net worthYoY +92.1%CAGR -7.2% | 2,288 | 1,404 | 953 | 1,831 | +92.1% | -7.2% |
| Total debt | 322 | 306 | 112 | 303 | — | — |
| Current liabilities | 1,034 | 873 | 752 | 1,840 | — | — |
| Fixed assets | — | — | 272 | 251 | — | — |
| Cash & equivalents | 97 | 96 | 68 | 19 | — | — |
| Current assets | 2,769 | 1,731 | 1,225 | 1,060 | — | — |
| Total assetsYoY +5.8%CAGR -18.6% | 3,393 | 2,526 | 1,731 | 1,831 | +5.8% | -18.6% |
| Cash flow | ||||||
| Operating activities | 55 | -3 | 113 | -19 | — | — |
| Investing activities | -161 | 37 | 19 | 58 | — | — |
| Financing activities | 164 | -35 | -118 | -99 | — | — |
| Net change in cash | 59 | -1 | 14 | -60 | — | — |
Revenue, EBITDA and PAT
₹ crore. A year with no reported figure is left out rather than drawn as zero.
- Revenue
- EBITDA
- PAT
Every ratio here is worked out from the reported figures in the Financials tab, and valuation multiples from the indicative price in the header. Nothing is a stored value. A ratio the filings cannot support (a line not reported, or a zero or negative base) is left out or shown as —, never as a misleading number. Balance-sheet ratios use year-end figures.
Valuation multiples
What the indicative price pays for the latest year's earnings, book and cash. On FY2025 figures and the ₹52.00 indicative price.
- Market cap
- ₹2,814 Cr
- Enterprise value
- ₹3,098 Cr
- Price / book (P/B)
- 1.54x
- Price / sales (P/S)
- 1.39x
- EV / sales
- 1.53x
- Earnings yield
- -8.8%
- Cash / market cap
- 0.7%
How these are worked out
- Market cap
- Indicative price × shares outstanding
- Enterprise value
- Market cap + debt − cash
- Price / book (P/B)
- Market cap ÷ net worth
- Price / sales (P/S)
- Market cap ÷ revenue from operations
- EV / sales
- Enterprise value ÷ revenue from operations
- Earnings yield
- PAT ÷ market cap
- Cash / market cap
- Cash & equivalents ÷ market cap
IPO / listing status
The company has not announced IPO details such as a DRHP filing, an expected window or its bankers. This section will update once it does.
Research & news
Information currently unavailable
Nothing has been published on Lava yet. Research, news and articles tagged with it will appear here when they are.
Documents
Information currently unavailable
No documents have been catalogued for this company yet.