| Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | | Price | | | | | 258 | | Target | | | | | 270 | | Reco | | | | | BUY | | Net Interest Income | 78,107 | 83,134 | 90,240 | 108,305 | 126,668 | | Growth (%) | | 6 | 9 | 20 | 17 | | Pre-provision Profit | 53,842 | 66,939 | 74,585 | 84,229 | 95,648 | | Net Interest Margin | 3 | 2 | 2 | 2 | 2 | | Net Profit | 24,887 | 26,775 | 27,494 | 27,293 | 30,920 | | Growth (%) | | 8 | 3 | -1 | 13 | | EPS, Rs | 45 | 47 | 46 | 42 | 48 | | ABVPS, Rs | 254.0 | 298.8 | 273.2 | 299.7 | 299.6 | | PER, x | 5.7 | 5.5 | 5.6 | 6.1 | 5.4 | | P/BV, x | 0.8 | 0.7 | 0.6 | 0.6 | 0.5 | | ROA, % | 0.8 | 0.8 | 0.7 | 0.6 | 0.5 | | ROE, % | 17.3 | 15.0 | 12.9 | 11.2 | 11.3 |
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