Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | Price | | | | | 1577 | Target | | | | | 1050 | Reco | | | | | NEU | Net Sales | 12,330 | 14,382 | 16,022 | 22,301 | 26,971 | Growth (%) | | 17 | 11 | 39 | 21 | EBIDTA | 1,122 | 1,248 | 1,382 | 1,800 | 2,556 | EBITDA Margin | | 9 | 9 | 8 | 9 | Net Profit | 654 | 737 | 903 | 1,083 | 1,490 | Growth (%) | | 13 | 22 | 20 | 38 | EPS, Rs | 25 | 28 | 34 | 41 | 56 | PER, x | 63.6 | 56.7 | 46.4 | 38.7 | 28.2 | EV/EBIDTA, x | 35 | 31 | 28 | 22 | 16 | P/BV, x | 7 | 7 | 6 | 5 | 4 | ROE, % | 11 | 11 | 13 | 13 | 16 | Total debt/Equity (%) | -49.4 | -42.6 | -42.0 | -25.2 | -19.3 |
|