Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | Price | | | | | 2271 | Target | | | | | 2820 | Reco | | | | | BUY | Net Sales | 51,402 | 117,024 | 143,320 | 188,313 | 218,077 | Growth (%) | | 128 | 22 | 31 | 16 | EBIDTA | 10,033 | 19,518 | 30,631 | 41,836 | 48,255 | EBITDA Margin | | 17 | 21 | 22 | 22 | Net Profit | 6,442 | 18,063 | 21,154 | 26,821 | 32,303 | Growth (%) | | 180 | 17 | 27 | 20 | EPS, Rs | 49 | 82 | 89 | 113 | 136 | PER, x | 46.0 | 27.7 | 25.4 | 20.1 | 16.7 | EV/EBIDTA, x | 55 | 27 | 17 | 12 | 10 | P/BV, x | 9 | 8 | 7 | 5 | 4 | ROE, % | 19 | 30 | 26 | 26 | 24 | Total debt/Equity (%) | 28.5 | -32.2 | -32.3 | -31.4 | -29.4 |
|