| Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | | Price | | | | | 822 | | Target | | | | | 1050 | | Reco | | | | | BUY | | Net Sales | 2,337 | 3,724 | 7,120 | 10,112 | 12,210 | | Growth (%) | | 59 | 91 | 42 | 21 | | EBIDTA | 539 | 770 | 1,393 | 2,213 | 3,241 | | EBITDA Margin | | 21 | 20 | 22 | 27 | | Net Profit | 425 | 581 | 1,267 | 2,092 | 3,049 | | Growth (%) | | 37 | 118 | 65 | 46 | | EPS, Rs | 6 | 8 | 18 | 30 | 45 | | PER, x | 132.5 | 96.9 | 44.4 | 27.0 | 18.5 | | EV/EBIDTA, x | 105 | 73 | 40 | 25 | 17 | | P/BV, x | 30 | 23 | 16 | 11 | 7 | | ROE, % | 22 | 24 | 37 | 41 | 40 | | Total debt/Equity (%) | 12.3 | 6.2 | -2.8 | -0.1 | -16.7 |
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