IPO: Avalon Technologies

In a nutshell Quality: Its three-year average ROE and ROCE are 50.5 and 25.2 per cent, respectively. It also commands a higher net profit margin than its peers and has maintained healthy operating cash flows in the past three years. Growth: In the last three years, Avalon Technologies grew its topline and PAT at 14 and 136 per cent per annum, respectively. Rising demand for wireless connectivity in various industries and higher per capita electronics consumption augurs well for its growth. Valuation: The stock will be priced relatively lower than its peers in terms of its P/E. Overview: Avalon Technologies stands to gain from the current digitisation trend and the rising demand for wireless connectivity in various industries. As 60 per cent of its revenue comes from its global operations, it is highly susceptible to macro factors. About the company Avalon Technologies provides electronic manufacturing services (EMS). It desi