| Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | | Price | | | | | 108 | | Target | | | | | 117 | | Reco | | | | | NEU | | Net Sales | 110,123 | 180,606 | 116,051 | 116,051 | 105,209 | | Growth (%) | | 64 | -36 | 0 | -9 | | EBIDTA | 9,601 | 16,110 | 10,674 | 10,674 | 9,995 | | EBITDA Margin | | 9 | 9 | 9 | 10 | | Net Profit | 1,689 | 664 | -1 | -1 | 380 | | Growth (%) | | -61 | -100 | 0 | -31,782 | | EPS, Rs | 8 | 3 | -0 | -0 | 1 | | PER, x | 14.3 | 36.4 | (20,881.1) | (20,881.1) | 72.5 | | EV/EBIDTA, x | 8 | 6 | 8 | 8 | 8 | | P/BV, x | 1 | 1 | 1 | 1 | 1 | | ROE, % | 6 | 2 | -0 | -0 | 1 | | Total debt/Equity (%) | 169.2 | 203.0 | 167.2 | 166.1 | 152.1 |
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