Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | Price | | | | | 123 | Target | | | | | 130 | Reco | | | | | NEU | Net Sales | 11,070 | 12,397 | 15,218 | 17,027 | 18,641 | Growth (%) | | 12 | 23 | 12 | 9 | EBIDTA | 2,401 | 1,803 | 2,952 | 3,826 | 4,507 | EBITDA Margin | | 15 | 19 | 22 | 24 | Net Profit | 939 | 624 | 2,579 | 2,363 | 2,638 | Growth (%) | | -34 | 313 | -8 | 12 | EPS, Rs | 3 | 2 | 8 | 7 | 8 | PER, x | 40.3 | 62.2 | 15.1 | 16.4 | 14.7 | EV/EBIDTA, x | 17 | 24 | 15 | 11 | 9 | P/BV, x | 5 | 5 | 4 | 4 | 3 | ROE, % | 13 | 8 | 28 | 25 | 20 | Total debt/Equity (%) | 19.8 | 51.2 | 44.0 | 45.1 | 4.3 |
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