Highly informative :Triveni Engineering:
Post demerger, Triveni Industries Ltd will consist of 7 sugar plants, 105MW Cogen power and 160KLPD distillery ( amongst largest in  India) and our projection for TIL as under:

                     FY17E. FY18E
Cash Profit.  320cr.  360cr

Repayment
Term Loan.    130cr.  185cr

*TIL likely to be DebtFree( term loan) by 2020*

Demerged TIL (sugar/ allied biz) projection:

                             FY17E
Reserves.            620cr

Tangible NW.      730cr

Total Assets.     2800cr

Current Assets. 1900cr

Current Ratio.     1.20

*D:E Ratio.            0.64*

Interest Cov
Ratio.                    3.50

With expectation of sharply reducing debt and high profits and above sound financials, post demerger *TIL can be Rs 60-70 by March 17.*

Hence if investors now buy Triveni Engineering ( cum basis), TIL can be sold and will be holding *Triveni Engineering( ex basis) absolutely free of cost*