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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. Dr Jorawar Says:
    February 24th, 2010
    Posted at: 1:18 am

    Cb sir till what level can Avon fall....??

  2. CB Says:
    February 24th, 2010
    Posted at: 1:19 am

    Hi Dr Jorawar, it has strong support at 7 levels.

  3. sandeep Says:
    February 24th, 2010
    Posted at: 8:47 am

    hi, i have entered at 8.10 please tell me the one year target as it was on the lower circuit yesterday.

  4. CB Says:
    February 24th, 2010
    Posted at: 8:49 am

    Hi sandeep, yes, it can see 13-14 levels. hold it.. being a penny stock its quite volatile.

  5. s.mahesh Says:
    February 25th, 2010
    Posted at: 5:47 am

    It is always better to avoid a scrip in which promoters holding is less.

  6. pennyTrader Says:
    February 25th, 2010
    Posted at: 9:54 pm

    Promoter have reduced thier holding from 40.67 in dec08 to 11.67 in dec09. i think this is not a good sign. What do you think CB?

    February 27th, 2010
    Posted at: 2:46 pm

    i think there is only one negative point for avon corporation that is 21% of promoter holding is pledge.

  8. CB Says:
    February 27th, 2010
    Posted at: 3:06 pm

    Hi MUKESH KUMAR, yes. thats usually the case in penny stocks.

  9. Kartik Says:
    March 3rd, 2010
    Posted at: 1:32 am

    Hi Saurabh Shankar, could you please share the source of the news

  10. Kartik Says:
    March 5th, 2010
    Posted at: 3:14 pm

    Hi bala, hold it for Long term, dont add more of it yet, its likely to do well

  11. Bala Says:
    March 6th, 2010
    Posted at: 1:02 pm

    Greetings CB/Karthik, I have bought it (Avon) @ 7.00 .... What target I can expect before this May? As I see, Ur penny stock calls give at least 60% returns within 6 months... Thanks...

  12. mallikarjun Says:
    March 6th, 2010
    Posted at: 2:10 pm

    Dear mr. Cb/Karthik,
    in the share holding pattern, kindly put some light on "custodians" holding, because in avon's B/S is showing 63.49% holding.

  13. Saurabh Shankar Says:
    March 9th, 2010
    Posted at: 2:25 am

    Hi Kartik,
    Sorry to respond late. They were my clients. They had large unsecured borrowings from various banks taken for 12 months in around Dec 07, on which they defaulted.

  14. sid Says:
    March 11th, 2010
    Posted at: 4:43 pm

    hi cb, i want to know why the book value has dropped from 15.68/- to 11.46/- from march 2009.

  15. navas Says:
    March 16th, 2010
    Posted at: 10:21 pm

    pls tell me how is calsref ?

  16. SUMITH Says:
    March 19th, 2010
    Posted at: 4:21 pm


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