| Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | | Price | | | | | 926 | | Target | | | | | 836 | | Reco | | | | | NEU | | Net Sales | 12,174 | 16,437 | 20,008 | 21,595 | 24,308 | | Growth (%) | | 35 | 22 | 8 | 13 | | EBIDTA | 1,200 | 1,847 | 2,646 | 2,773 | 3,257 | | EBITDA Margin | | 11 | 13 | 13 | 13 | | Net Profit | 251 | 534 | 1,142 | 1,145 | 1,352 | | Growth (%) | | 113 | 114 | 0 | 18 | | EPS, Rs | 10 | 22 | 47 | 47 | 56 | | PER, x | 89.1 | 41.8 | 19.6 | 19.5 | 16.5 | | EV/EBIDTA, x | 23 | 16 | 11 | 10 | 9 | | P/BV, x | 7 | 6 | 5 | 4 | 3 | | ROE, % | 8 | 14 | 24 | 20 | 19 | | Total debt/Equity (%) | 180.8 | 181.0 | 130.1 | 113.6 | 91.1 |
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