Big Trigger for Triveni Glass Ltd:
TGL, at its factory in Rajamundhry, produces Figured/Fancy/Decorative glass for interior decoration in homes, Hotels, Offices. Its fortunes already on upswing as it reported PAT of 2.29 crores in Q3 against loss in Q3 last year.
Now, TGL is poised for further huge improvement in its fortunes. At its factory, TGL has 2 plants of equal capacities. Presently TGL operating only 1 plant and 2nd plant shut since several years due to working capital crunch. Now, TGL is planning to resume production at its 2nd plant as well from next month (April 2016). Thus production capacity will stand doubled ( without any capex). In FY 17, TGL sales of glass should rise by at least by 60%. Thus TGL for FY17 should report EPS of 10+. An excellent buy with potential of REAL multibagger appreciation
TGL, at its factory in Rajamundhry, produces Figured/Fancy/Decorative glass for interior decoration in homes, Hotels, Offices. Its fortunes already on upswing as it reported PAT of 2.29 crores in Q3 against loss in Q3 last year.
Now, TGL is poised for further huge improvement in its fortunes. At its factory, TGL has 2 plants of equal capacities. Presently TGL operating only 1 plant and 2nd plant shut since several years due to working capital crunch. Now, TGL is planning to resume production at its 2nd plant as well from next month (April 2016). Thus production capacity will stand doubled ( without any capex). In FY 17, TGL sales of glass should rise by at least by 60%. Thus TGL for FY17 should report EPS of 10+. An excellent buy with potential of REAL multibagger appreciation
Hi,
ReplyDeleteCan i average TGL now and can wait for minimum one year.