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Avon Corporation Ltd Stock Analysis

Small Cap
Evaluated by 75 users | BSE: 532995 | NSE: |
Engineering - Industrial Equipments
Avon Corporation, 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...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13
Return on Capital Employed 11.55%14.62%16.18%22.01%18.04%21.68%24.78%16.45%6.22%-116.08%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 8.111.522.439.149.573.611711711161.2
Y-o-Y Gr. Rt.-41.3%95.1%74.9%26.5%48.8%58.5%0.4%-4.9%-45%
Adjusted EPS (Rs.) 0.991.33.22.795.83.232.392.660.67-19.55
Y-o-Y Gr. Rt.-31.3%146.2%-12.8%107.9%-44.3%-26%11.3%-74.8%-3017.9%
Book Value per Share (Rs.) 7.337.8210.628.7219.8615.2612.4515.0915.82-3.66
Adjusted Net Profit 0.20.30.81.41.75.415.517.24.3-126
Net Op. Cash Flow (Rs. Cr.) 0.400.9-1.8-7.1-4.4-10.2-37-4.8-2.5
Debt to Cash Flow from Ops 3.6306.76-6.05-2.42-3.56-2.21-1.18-12.05-27.97
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Avon Corporation Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 25.2%4.4%-19.3%-45%
Adjusted EPS -239.3%-227.5%-301.5%-3017.9%
Book Value per Share -192.6-171.3-166.5-123.1
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13
Return on Equity (%) 12.9820.234.6340.0532.8333.6228.6219.034.28-317.8
Operating Profit Margin (%) 1.715.384.29.128.858.4617.9618.1413.65-188.71
Net Profit Margin (%) 1.892.693.413.463.347.2713.2514.683.87-206.34
Debt to Equity 1.351.522.442.63.040.620.280.450.57-2.93
Working Capital Days 0215226171285323239346487715
Cash Conversion Cycle 0716354525388173214240
Entity Percentage Holding
Promoters 16.97%
Non-Institutions 83.03%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

Avon Corporation, 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

Avon Corporation, 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.

Company’s plant is located at Baddi, Himachal Pradesh. The company is also into developing software’s like body composition analyzer, analytical balance, precision balance, moisture balance and pipette calibration.

It handles high end products for body composition analyzers & blood pressure monitors and also for precision and reliability dealing in Laboratory balances (analytical, precision, moisture balance), industrial balances, test weights and DKD calibration.

The company was established by Pankaj Saraiya in the year of 1995 as Avon Enterprises. Through years it went through name change representing company’s plan of action. In 1999, company was named as Avon Weighing Systems Private Limited, which was further changed to Avon Weighing Systems Limited in the year 2004.

The company changed its name to present one in the year 2008. On 3rd July 2008 company was listed with Bombay Stock Exchange.

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. Sartorius is one of the largest manufacturers of various kinds of electronic weighing balances/systems in the world.

In the beginning of 1996, the company was allotted Indian distributorship of A&D Company Japan. For the growth and advancement of technology in products, and due to availability in varieties of products, Avon has joined hands with Kern & Sohn GMBH, Germany.

Currently Avon is authorized distributors of Kern & Sohn GMBH, Germany & Jawon Medical, Korea; products in India.Kern is a 160 years old company and its brand stands for precision and reliability dealing in industrial balances, laboratory balances, test weights and DKD Calibration. Jawon MEDICAL is Korea based company and is one of the largest manufacturers for medical products - ultra light mobile type, professional body composition analyzers / blood pressures scanners, etc.

Currently company sells products under the brand name Avon, Jawon, Kern, Excell and Benui.

Company has clientele namely Lupin, Sun Pharma, Pam Pharmaceuticals & Allied Machinery Company, The Apollo Clinic, NRB Bearing, Larsen and Toubro, Glenmark Pharmaceuticals, Godrej Industries, Reliance Life Sciences, Rashtriya Chemicals and Fertilisers, Macleods Pharmaceuticals, Alkem Laboraties, ICICI Bank, Piramal Life Science, NTPC, Wipro Technologies, Cipla, Aditya Birla Retail, VLCC Health care and many more.

In the 1st year Avon has reached a turnover of Rs.26 lakh i.e. in the year 1995-96 and within the period of thirteen years Avon reached to a turnover of Rs. 77.58 crore in FY 2008-09.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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