Another Multibagger Idea:      

_TRIVENI GLASS LTD_

            Q1/FY17 Q1/FY16

Sales.      19.50.    14.70

NP.            2.50.       1.14

Equity.      12.62

EPS.           1.98.       0.89

Outlook:

                 FY17E.  FY18E

Sales.        80.       90

NP.             11.    14.50

EPSRs.      8.70.  11.50

TGL is mfg Figured/Designer glasses used by Interior designers in Offices, Homes, Hotels for doors, partitions, aesthetic enhancement
For Q1 TGL reported 110% rise in NP. Earlier only 1 production line was operational. In Q1 TGL resumed prdn on 2nd line as well leading to sharp jump in financials.
_Actual holding of promoters is 30%+. Promoters have FROR to buy equity held by SASF. As and when this transaction takes place, promoter stake can rise to 40%+_

1) TGL had already finalised OTS with IDBI. And has started payments from internal accruals

2)TGL has 72 acres land in Allahabad. Has already recd  25 crores as advance payment against proposed sale of this land

3) Once co gets written confirmation of OTS from IDBI, co will have +ve  networth

_4)BIGGEST TRIGGER_
Upcoming capital city Amravati is just 75 km from TGL plant. And there is no other factory in 200 km radius. Hence, demand for TGL glasses will far outstrip its entire production. *It will provide strong pricing power to TGL and BIG jump in its margins*

Stock is tdg @ 2xFY18Eeps.  Mktcap just 28 cr.
Very tiny qty of promoter holding was physical. Same under dmat. Once dematting is done, stock will be out of T group.
TP 100+ in 2018

Top pick in Dark Horse category. Negligible downside but HUGE upside possible