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Avon Corporation Ltd

Posted on: February 20th, 2010 at 12:27 pm

Avon Corporation Ltd – An ISO 9001:2000 Certified company, is a manufacturer of weighing scales under the “Avon” Brand such as – Mechanical Scale, Stylish Digital Glass Scale, Wooden Scale, Wireless Digital Glass Scale, Digital Super Slim Scale, Digital Body Fat Scale, Digital BMI Scale, Digital Body Analysis Scale, Ultra Slim Body Fat Scale, Digital Kitchen Scales, Digital Baby Scales, High Resolution Platform Scales, Ultra Low Profile Platform Scales, Weighbridges and Auto-Vibrator Feeder System with SQC which all are manufactured in their plant located at Baddi, Himachal Pradesh.

Avon was established by Mr. Pankaj Saraiya in the year of 1995.  Later it got transferred in to Avon Weighing Systems Private Limited in the year 1999 which again got transferred in to Avon Weighing Systems Limited in the year 2004.

In the 1st year Avon has reached a turnover of Rs.26 Lakh (Year 1995-96) and within the period of Thirteen years Avon reached to a turnover of Rs. 77.58 Crores (Year 2008-09).

During its first year of operations Avon Enterprises was engaged in the dealership of Sartorius (Germany) range of weighing balances mainly used in Diamond industries. Currently Avon is authorized distributors of Kern & Sohn GMBH, Germany & Jawon Medical, Korea; products in India. It was Listed on 3rd July’08 in BSE.

Currently trading around 8 and having a P/E of 3.6 , Book value of 11.46

Avon Corporation

Avon Corporation

The company has also being giving Dividend’s for the past few years. Considering the growth and the expansion plans of the company, investors can enter in it for 2-3 years time

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47 Responses

Comment pages: 123Show all

  1. Manu Says:
    March 20th, 2010
    Posted at: 6:40 pm

    Hi CB / Karthik,

    Avon was trading at 6.04 yesterday.. is it worth buying at this rate for a period of six months.
    Can you also please let me know why share has dropped from 8+ to 6+ range... a sharp fall of 25% since u gave the buy call..
    Thanks in advance,

  2. Dilip Says:
    July 2nd, 2010
    Posted at: 2:12 am

    Is Avon corp good for 1 year at 6.45. Everything looks positive for this script, then why is it quoting below face value (10 Rs). Am I missing something?

  3. New Trader Says:
    August 1st, 2010
    Posted at: 11:30 am

    Hi, I need to know whether holding Cals ref for a long time is good.
    Pleas throw some light.
    Thanks inadvance.

  4. Manmohan Janoti Says:
    August 12th, 2010
    Posted at: 1:30 pm

    This script is very volatile, can't say it a safe script. but it is trading now at lowest, at this level can be buy for two to three month for 15 to 20 % gain.

  5. avon investor Says:
    September 7th, 2010
    Posted at: 1:25 pm

    promoter holding from 40% to 11% is because of the GDR + more shares (initially it was 1.67 crores, now there are 6.45 crores). Promoter has been buying at every big dip. has bought 1million shares over the past 6 months.

    it is a good company and interesting growth story.

    there are a couple of market players who seem to be selling and buying their shares on a daily basis (DELIGHT and AMRATLAL NAAI). buy on all days it falls to lower circuit

  6. Jc srinivasan k Says:
    September 24th, 2010
    Posted at: 9:58 am

    dear karthik

    i hav 5000 @ Rs 7.5 since 6 months.
    wht can i do?

  7. Vamsi Says:
    September 27th, 2010
    Posted at: 9:30 pm

    Can we average at 5.5??
    Is it a safe share?

  8. Vamsi Says:
    October 12th, 2010
    Posted at: 5:56 pm

    Touched 5.0...Year low...any thing wrong? can we average? pls suggest....

  9. good_citizen Says:
    October 12th, 2010
    Posted at: 7:00 pm


  10. j k jain Says:
    November 8th, 2010
    Posted at: 12:51 pm

    avon moving what tgt in short term plz tell me

  11. Varun Says:
    November 9th, 2010
    Posted at: 8:58 pm

    it will rock

  12. mask Says:
    November 28th, 2010
    Posted at: 7:26 am

    Dear cb / kartik,
    can u pl tell me 5 stocks with cagr20-30% 3-4 yrs time frame & some multibagger thanks

  13. sanjeev Says:
    September 22nd, 2011
    Posted at: 12:58 pm

    now avon is rs 3/-

    Sebi investigation over 2009-2010 found seven companies where price manipulations were prevalent. The seven are: Asahi Infra , IKF Technologies , Avon Corp , K Sera Sera , CAT Tech , Maars Software and Cals Refineries .

  14. Sharman Says:
    June 22nd, 2012
    Posted at: 3:00 pm

    Stock Market Trend For Tomorrow 26 April :- he market rnemiaed directionless and moved in a narrow range following closure of leading global stock marketsand banks on account of 'Easter Monday. Technically, the domestic markets have closed with gains on a w-o-w basis but the lower bottom and top remains on the weekly charts. Breaking out above the recent top at the 5945 levels will swing the mood towards the bull camp

  15. sandeep Says:
    December 6th, 2013
    Posted at: 11:45 pm

    as per your advice i bought avon corp an 2010th at rs 7.5. now its in 50 ps only.can i average it now? what is the real issue with that company/

  16. pradeepa Says:
    December 7th, 2013
    Posted at: 9:08 am

    Hi Cb!
    I hold Marksans Pharma so suggest me if any chances to touch Rs.15.50 level in coming days.

Comment pages:123Show all

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