| Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | | Price | | | | | 217 | | Target | | | | | 255 | | Reco | | | | | BUY | | Net Interest Income | 62,162 | 67,931 | 75,428 | 78,793 | 93,265 | | Growth (%) | | 9 | 11 | 4 | 18 | | Pre-provision Profit | 43,050 | 52,537 | 55,827 | 52,181 | 62,650 | | Net Interest Margin | 3 | 3 | 3 | 2 | 3 | | Net Profit | 20,816 | 17,871 | 21,579 | 16,962 | 23,974 | | Growth (%) | | -14 | 21 | -21 | 41 | | EPS, Rs | 40 | 32 | 36 | 27 | 35 | | ABVPS, Rs | 187.2 | 197.5 | 212.5 | 185.3 | 213.2 | | PER, x | 5 | 7 | 6 | 8 | 6 | | P/BV, x | 1 | 1 | 1 | 1 | 1 | | ROA, % | 1 | 1 | 1 | 1 | 1 | | ROE, % | 20.9 | 14.8 | 15.0 | 10.3 | 12.8 |
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