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RATING
RECOMMENDATION
Buy
Business Type
Traditional Business
Get detailed information about the Lava Pre IPO shares. In this research report, you will get to know about Lava Key Ratio data. In addition, get the Complete details about the Lava Peer Comparison, Revenue Growth and Book Value Growth.
Lava Revenue Growth
Growth in %
4.57%
1 Year
4.56%
3 Year
-5.41%
5 Year
The company's total revenue has increased by INR 350 Cr in FY'21 over FY'20. This is mainly attributable to the large increase in the sale of products like smartphones, tablets, smart wearables etc during and post the reopening of the lockdown. This was because of the new normal work from home culture which has been adopted by many organizations, making smartphones and smart wearables a necessity. Even though the company's domestic revenues have remained stable, the company has almost doubled it's revenue in UAE in FY'21 over FY'20.
Lava Net Profit Growth(PAT)
Growth in %
60.18%
1 Year
44.83%
3 Year
-8.38%
5 Year
The net profit of the company has increased by 60% from INR 108 Cr in FY'20 to INR 173 Cr in FY'21. The main reason behind increase in company net profit is the increase in the company's revenue in the FY'21 which was primarily dominated by sale of products as a result of the reopening of organizations post the pandemic.
Lava EPS Growth
Growth in %
60.19%
1 Year
-9.12%
3 Year
-47.39%
5 Year
The earning per share for the company has dropped massively from INR 51.36 in 2017 to INR 4.61 in 2018 since the company issued 9,36,50,177 bonus shares to the existing share holders in proportion to their shareholding, in the ratio of 3 equity shares for every equity share held. This massively increased the company's total outstanding number of shares and resulted in drop of EPS. The earning per share has increased by 60.19% in FY'21 over FY'20 due to net profit of the company increasing from INR 108 Cr in FY'20 to INR 173 Cr in FY'21 because of increased sale of products as a result of the reopening of organizations post the pandemic.
Lava Book Value Growth
Growth in %
12.54%
1 Year
13.47%
3 Year
16.71%
4 Year
The company's total book value has increased in FY'21 because of the massive increase in the security premium reserve and the retained earnings. Yet the book value per share is falling massively because the company's number of shares has increased a lot due to a stock split and bonus issue that took place in current financial year.
Lava EBITDA Growth
Growth in %
26.08%
1 Year
11.82%
3 Year
-11.01%
5 Year
Lava Operating Profit Growth
Growth in %
27.66%
1 Year
26.41%
3 Year
-12.63%
5 Year
The company's operating profit has increased by INR 45 Cr in FY'21 over FY'20. Despite the company facing higher expenses in the current year, the increase in revenue due higher sales internationally has resulted in the operating profit increasing to INR 212 Cr.
Lava Asset Growth
Growth in %
2.23%
1 Year
-9.18%
3 Year
-0.22%
5 Year
The company's total assets have increased by just over 2% in FY'21 over FY'20. This is because the company has invested INR 16 Cr in plant and machinery and INR 52 Cr in demonstration fixtures which have been made for further expansion of the company.
Lava Cash Flow from Operations
Growth in %
NA
1 Year
NA
3 Year
28.54%
5 Year
The company had a large decrease in trade payables and a large increase in trade receivables in FY'20 due to which the company had a negative cash flow from operations. On the other hand, the company had a decrease of about INR 200 Cr in trade receivables as well as increased profit before tax due to greater sales in FY'21 as a result of which the company has a positive cash flow from operations.
Lava D/E Ratio
The company's debt to equity ratio has shown a slight in decrease in FY'21 over FY'20 because the company's long term debt has decreased in FY'21 since it included compulsory convertible preference shares issued in FY'18, which have now been reclassified under equity as a part of other equity and security premium reserve due to the terms of investment agreement. This has further increased the total equity and as a result the company's total debt to equity has decreased.
Lava Current Ratio
The company's current ratio has increased to 2.6 in FY'21. This is mainly due to the company's short term borrowings, specifically the cash credit loan has decreased by INR 15 Cr approximately and the advances from customers have decreased by INR 100 Cr approximately. This has resulted in decreasing the current liabilities of the company, which has further increased the current ratio.
Lava Quick Ratio
Lava Interest Coverage Ratio
The interest coverage ratio of the company has increased massively in FY'21 over FY'20. This is mainly because the EBIT of the company has increased a lot due to higher sales in the current year. Also, the interest expenses of the company have decreased since the company is paying no interest on instruments equity in nature as well as a large decrease in the bank charges.
Lava operating ratios have increased due to improvement in sale of smartphones. The company shows an increase in net income because of the profits made by the subsidiary companies in FY21.
Lava Operating Profit EBIT Margin(OPM)
The company's EBIT margin has shown an increase of 21.9% in FY'21 over FY'20. This is mainly due to company having a higher revenue in FY'21 due to higher sale of products and improved operational efficiency resulting in a higher EBIT in FY'21 over FY'20. This has resulted in the EBIT margin increasing.
Lava Profit Before Tax Margin (PBT Margin)
Lava Profit After Tax Margin (PAT Margin)
The net profit of the company has registered a growth of 60% in FY'21 over FY'20. This is primarily because the company witnessed a boom in revenue due to higher demand for smartphones and smart wearables as a result of the new normal requiring people to stay connected at all times. Due to this and the increased efficiency which has been depicted by the company has resulted in the company having a net profit of INR 172 Cr approximately in FY'21. Since the increase in revenue was unable to overshadow the increase in their net profit, the company was able to achieve a growth of 53% in their PAT margin in FY'21 over FY'20.
A gradual increase in the profitability can be seen due to high profit made by the Lava's subsidiary company's which in turn gives high profitability ratios.
Lava Return on Equity(RoE)
ROE increases due to the large increase in the company's revenue. The increase in revenue was due to high sales of smartphones and high sales of products internationally. Even though the total equity of the company increased in FY'21, it could not overshadow the increase in revenue. Hence, the company's return on equity has increased from 8.1% in FY'20 to 11.5% in FY'21 and is expected to improve in the future.
Lava Return on Capital Employed(RoCE)
Lava Return to Assets (RoA)
ROA increases due to the increase in the company's revenue. The large increase in revenue was due to high sales of smartphones and high sales of their products abroad due to the change in working culture and the need to stay connected at all times. Even though the total assets of the company increases in FY21 which was mainly because the company has invested INR 16 Cr in plant and machinery, and INR 52 Cr in demonstration fixtures, to facilitate the expansion process but the increase in revenue generated was still greater than that in total assets. Hence, the company's return on assets has increased.
Lava Earning Yield
₹205.00
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