Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | Price | | | | | 402 | Target | | | | | 478 | Reco | | | | | BUY | Net Interest Income | 65,630 | 80,177 | 96,663 | 119,516 | 134,633 | Growth (%) | | 22 | 21 | 24 | 13 | Pre-provision Profit | 64,157 | 74,309 | 93,031 | 114,561 | 134,279 | Net Interest Margin | 3 | 3 | 3 | 3 | 3 | Net Profit | 33,885 | 42,422 | 51,794 | 62,177 | 74,366 | Growth (%) | | 25 | 22 | 20 | 20 | EPS, Rs | 17 | 21 | 22 | 26 | 31 | ABVPS, Rs | 91.2 | 108.9 | 135.5 | 154.2 | 179.8 | PER, x | 24 | 20 | 18 | 15 | 13 | P/BV, x | 4 | 4 | 3 | 2 | 2 | ROA, % | 2 | 2 | 2 | 2 | 2 | ROE, % | 19.3 | 20.3 | 18.5 | 17.4 | 17.9 |
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