| Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | | Price | | | | | 590 | | Target | | | | | 554 | | Reco | | | | | NEU | | Net Sales | 7,187 | 7,021 | 7,872 | 7,622 | 8,083 | | Growth (%) | | -2 | 12 | -3 | 6 | | EBIDTA | 274 | 515 | 625 | 676 | 706 | | EBITDA Margin | | 7 | 8 | 9 | 9 | | Net Profit | 144 | 362 | 417 | 429 | 440 | | Growth (%) | | 152 | 15 | 3 | 3 | | EPS, Rs | 6 | 15 | 17 | 18 | 18 | | PER, x | 100.2 | 39.8 | 34.5 | 33.6 | 32.7 | | EV/EBIDTA, x | 51 | 27 | 23 | 21 | 20 | | P/BV, x | 8 | 7 | 6 | 5 | 5 | | ROE, % | 8 | 17 | 17 | 15 | 14 | | Total debt/Equity (%) | -25.2 | -19.6 | -4.0 | 4.1 | -2.1 |
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