I still see a lot of value in Eureka Forbes demerger as it currently trades at around 3x sales. Once the promoter changes, one will see good growth and increase in margins. Kent EBIDTA margins is around 25%. I believe that Eureka Forbes will also be able to do so in the future. With 3k sales and 20% margins, Eureka Forbes could do around 500 crores PAT. It may take around 1-2 years for full turnaround once the management change happens. Advent(which will be new promoter of Eureka Forbes) bought Crompton consumer electricals from the Thapar group and turned it around.
Indiabulls real estate and GMR airports are my other two favorites. Both of these companies has huge assets and are hungry for growth. IB real estate will have backing of Blackstone and Embassy whereas GMR airports has the backing of Groupe ADP which is an international airport operator.