Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | Price | | | | | 236 | Target | | | | | 180 | Reco | | | | | NEU | Net Sales | 4,916 | 6,308 | 7,060 | 6,997 | 10,689 | Growth (%) | | 28 | 12 | -1 | 53 | EBIDTA | 588 | 1,035 | 1,306 | 582 | 1,496 | EBITDA Margin | | 16 | 19 | 8 | 14 | Net Profit | 382 | 560 | 774 | 418 | 651 | Growth (%) | | 46 | 38 | -46 | 56 | EPS, Rs | 14 | 21 | 29 | 16 | 24 | PER, x | 16.5 | 11.3 | 8.1 | 15.1 | 9.7 | EV/EBIDTA, x | 11 | 6 | 6 | 18 | 7 | P/BV, x | 2 | 1 | 1 | 1 | 1 | ROE, % | 10 | 13 | 16 | 8 | 12 | Total debt/Equity (%) | -3.1 | -4.5 | 39.9 | 76.9 | 74.8 |
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