Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | Price | | | | | 412 | Target | | | | | 350 | Reco | | | | | NEU | Net Sales | 17,441 | 25,151 | 33,647 | 39,174 | 46,089 | Growth (%) | | 44 | 34 | 16 | 18 | EBIDTA | 4,923 | 6,309 | 7,558 | 7,776 | 8,397 | EBITDA Margin | | 25 | 22 | 20 | 18 | Net Profit | 2,598 | 3,064 | 3,541 | 3,603 | 4,052 | Growth (%) | | 18 | 16 | 2 | 12 | EPS, Rs | 19 | 22 | 25 | 26 | 29 | PER, x | 22.2 | 18.8 | 16.3 | 16.0 | 14.2 | EV/EBIDTA, x | 12 | 10 | 8 | 8 | 7 | P/BV, x | 6 | 5 | 4 | 3 | 3 | ROE, % | 28 | 27 | 26 | 22 | 21 | Total debt/Equity (%) | 32.8 | 41.3 | 27.3 | 10.2 | -5.0 |
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