AVON CORP was listed on the Bombay Stock Exchange on 3rd July 2008 and it’s currently managed by Mr. Pankaj Saraiya, Managing Director & CEO. The core line business of Avon is to manufacture wide range of personal & industrial weighing scales,and also deals in high end products such as Body Composition Analyzers & Blood Pressure Monitors..In the basket of products are Precision and Analytical Balances for precise and reliable readings in laboratories, industrial balances, Test weights with DKD Calibration. During the first fiscal year, Avon reached a turnover of ` 26 Lakh (Year 1995-96) and within the period of Fifteen years Avon reached INR 116 Crores (Year 2009-10). The Company has got global recognition as it has also been dealing in products like KERN a German made machine and JAWON from South Korea.
Avon as a Company is ISO 9001: 2008 certified and its entire products are certified by Weights & Measure Department.
The Company has its principle manufacturing unit at Baddi, Himachal Pradesh. Avon’s clientele covers major pharma & chemical corporates, R&D centers, jewellery industries, government sectors and retail segments. It also provides consulting services to various industrial houses, on the latest weighing Systems and Applications.
Avon has managed to get an immense response as its product are very elite and are catering to the masses.
On financial front Co’s top line and bottom line has seen a quantum jump during the last 6 months of FY2011 see here ..If the latest trend is continued ,company should double its top line and report an EPS of Rs. 4 , thus giving a discounting (P/E) of only 2 to its CMP!!! Wow !! who would like to miss it? so grab it now..
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