| Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | | Price | | | | | 885 | | Target | | | | | 950 | | Reco | | | | | BUY | | Net Interest Income | 105,431 | 128,846 | 158,111 | 184,826 | 223,085 | | Growth (%) | | 22 | 23 | 17 | 21 | | Pre-provision Profit | 77,254 | 93,906 | 114,276 | 143,601 | 175,367 | | Net Interest Margin | 4 | 4 | 5 | 4 | 4 | | Net Profit | 39,258 | 51,671 | 67,263 | 84,784 | 105,584 | | Growth (%) | | 32 | 30 | 26 | 25 | | EPS, Rs | 17 | 22 | 28 | 35 | 44 | | ABVPS, Rs | 108.2 | 126.5 | 150.8 | 178.3 | 211.7 | | PER, x | 52.5 | 40.2 | 31.3 | 25.1 | 20.1 | | P/BV, x | 8.1 | 6.9 | 5.8 | 4.9 | 4.1 | | ROA, % | 1.6 | 1.8 | 1.9 | 2.0 | 2.0 | | ROE, % | 16.7 | 18.7 | 20.3 | 21.3 | 22.2 |
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