Big Trigger forTriveni Glass Ltd:
In FY16, TGL was operating only 1 plant. However in its Rajahmundry factory only, 2nd plant was lying closed. Now, 2nd plant has also become operational. Although capacity of 2nd plant is same as of 1st but capacity utilisation of 2 nd plant will be around 60 percent. Hence capacity of TGL stands enhanced by 60 percent. Figured glass being high margin biz, TGL should achieve Rs 12 Eps for FY18.
Stock is still available @ 1.90xFY18Eeps.
Stock should come out of T group next month as only few hundred promoter shares remains physical. Even if stock gets modest PERatio of 10, stock price can be Rs 120 in less than 2 years.
In FY16, TGL was operating only 1 plant. However in its Rajahmundry factory only, 2nd plant was lying closed. Now, 2nd plant has also become operational. Although capacity of 2nd plant is same as of 1st but capacity utilisation of 2 nd plant will be around 60 percent. Hence capacity of TGL stands enhanced by 60 percent. Figured glass being high margin biz, TGL should achieve Rs 12 Eps for FY18.
Stock is still available @ 1.90xFY18Eeps.
Stock should come out of T group next month as only few hundred promoter shares remains physical. Even if stock gets modest PERatio of 10, stock price can be Rs 120 in less than 2 years.
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