Dark Horse/Multibagger Idea for 2017    

_TRIVENI GLASS LTD_

            H1/FY17 H1/FY16

Sales.      38.50.    27.46

NP.            4.78.       2.16

Equity.      12.62

EPS.           3.80      2.16

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

_Actual holding of promoters is 36%+. 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

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