| Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | | Price | | | | | 247 | | Target | | | | | 350 | | Reco | | | | | BUY | | Net Interest Income | 41,775 | 42,158 | 47,012 | 51,271 | 57,669 | | Growth (%) | | 1 | 12 | 9 | 12 | | Pre-provision Profit | 32,451 | 31,406 | 36,907 | 41,555 | 46,554 | | Net Interest Margin | 3 | 3 | 3 | 2 | 3 | | Net Profit | 15,029 | 11,416 | 13,279 | 11,394 | 16,435 | | Growth (%) | | -24 | 16 | -14 | 44 | | EPS, Rs | 52 | 39 | 46 | 38 | 52 | | ABVPS, Rs | 327.5 | 320.9 | 295.9 | 277.8 | 308.1 | | PER, x | 5 | 6 | 5 | 6 | 5 | | P/BV, x | 1 | 1 | 1 | 1 | 1 | | ROA, % | 1 | 1 | 1 | 1 | 1 | | ROE, % | 17.1 | 10.7 | 11.5 | 9.2 | 12.0 |
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