Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | Price | | | | | 739 | Target | | | | | 740 | Reco | | | | | NEU | Net Sales | 12,471 | 14,535 | 16,991 | 18,208 | 22,031 | Growth (%) | | 17 | 17 | 7 | 21 | EBIDTA | 2,534 | 2,968 | 3,470 | 4,413 | 5,205 | EBITDA Margin | | 20 | 20 | 24 | 24 | Net Profit | 2,286 | 2,586 | 3,144 | 4,095 | 4,509 | Growth (%) | | 13 | 22 | 30 | 10 | EPS, Rs | 15 | 17 | 14 | 18 | 20 | PER, x | 48.9 | 43.2 | 53.3 | 40.9 | 37.2 | EV/EBIDTA, x | 66 | 56 | 48 | 37 | 31 | P/BV, x | 16 | 16 | 22 | 17 | 13 | ROE, % | 39 | 33 | 37 | 40 | 42 | Total debt/Equity (%) | 2.7 | -16.3 | -20.9 | -26.9 | -33.2 |
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