Dark Horse/Multibagger Idea for 2017/18 

_TRIVENI GLASS LTD_

          9m/CY17 9m/FY16

Sales.      56.30.   42.58

NP.            7.17.    4.46

Equity.      12.62

EPS.          5.68.    3.54

Earlier Tgl was following FY for accounts but recently co has adopted CY.
For 9month/year ended Dec 16, TGL has reported EPS of 5.68.
*Annualised EPS is 7.58*

Outlook:

                 CY17E.  CY18E

Sales.        80.       90

NP.             12.    14.50

EPSRs.      9.50.  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 32%+_

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  26.85 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 @ 2xCY18Eeps_.              

Mktcap just 32 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