Potential of Real Multibagger

TRIVENI GLASS LTD 502281

TGL is engaged in manufacturing of Figured/Fancy glasses for homes, offices, hotels etc, used by interior designers for beautification of buildings and homes.

FY16 Sales 60.34Cr

NP               4.85cr

Equity         12.62Cr

Eps Rs         3.20Cr

Performance of FY16 would have been much better but for extraordinary provisioning in Q4. In Q4, co's Other Expenses rose from 70 lacs to 4.33 cr( QoQ)

BREAKING NEWS:

TGL will declare Q1 results on 26th July. We estimate:

Q1 Sales 18.50Cr vs 14.71Cr 

Q1 NP 2.55Cr vs 1.13Cr (Rise of more than 100%)

TGL is slated to achieve for FY17 Sales of Rs 76-80 Cr and NP of 10.50-11.50Cr

FY17Eps should be Rs 8.50-9

MAJOR TRIGGER:

TGL has 72 acre surplus land in Allahabad. Co is selling this land and has already RECEIVED 28crores advance  payment. A

TGL HAS ALREADY FINALISED OTS WITH IDBI

And hopes to become DEBT-FREE once balance payment from land sale is received.

TGL is trading at just 2.20xFY17Eeps.

TP  Rs 50 in 6 months, Rs 100+ in 18 months