| Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | | Price | | | | | 18 | | Target | | | | | UR | | Reco | | | | | UR | | Net Sales | 31,871 | 24,183 | 24,405 | 29,333 | 32,505 | | Growth (%) | | -24 | 1 | 20 | 11 | | EBIDTA | 9,239 | 3,245 | 3,270 | 1,662 | 3,968 | | EBITDA Margin | | 13 | 13 | 6 | 12 | | Net Profit | 5,677 | 2,374 | 2,095 | 696 | 3,377 | | Growth (%) | | -58 | -12 | -67 | 385 | | EPS, Rs | 8 | 1 | 1 | 0 | 1 | | PER, x | 2.3 | 19.3 | 21.9 | 66.0 | 13.6 | | EV/EBIDTA, x | 11 | 27 | 0 | 0 | 0 | | P/BV, x | 0 | 0 | 0 | 0 | 0 | | ROE, % | 5 | 2 | 2 | 1 | 3 | | Total debt/Equity (%) | 46.6 | 34.8 | 46.0 | 50.2 | 48.7 |
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