ERIS Lifesciences Ltd
ERIS Lifesciences Ltd
HealthcareKey Fundamentals
SmallcapPharmaceuticalsHealthcareInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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48 extracted metrics + investor summaries across FY11–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Weaknesses
2- Stock is trading at 4.79 times its book value
- Tax rate seems low
Growth Rate
AI Analysis — Bull vs Bear
Eris Lifesciences is a chronic-therapy-focused Indian pharma company trading at a market cap of ₹18,743 crore and a P/E of 28.1x. FY25 consolidated revenue grew 44% YoY to ₹2,894 crore with EBITDA expanding 51% to ₹1,017 crore, though FY26 revenue growth moderated to 8% at ₹3,129 crore. The stock has declined 19% over the past year despite strong operating fundamentals in prior periods.
- FY25 revenue grew 44% YoY to ₹2,894 crore, demonstrating strong top-line scaling after the Biocon Biologics domestic formulations acquisition
- FY25 EBITDA surged 51% YoY to ₹1,017 crore with margin expanding to approximately 35-36%, indicating operating leverage
- 85% of portfolio is in chronic and sub-chronic therapies, providing high prescription stickiness and recurring revenue visibility
- Compounded sales CAGR of 23% over 3 years and 21% over 5 years reflects consistent above-market growth
- Return on equity has been steady at 16-19% over the past 3-5 years, indicating consistent capital efficiency
- Insulin market share increased from 12% to 16%, showing share gains in a large addressable category
- FY26 EBITDA margin expanded to 37% with 10% EBITDA growth even as revenue growth moderated, showing cost discipline
- Compounded profit CAGR of 69% on a TTM basis reflects strong earnings recovery trajectory
- FY26 revenue growth decelerated sharply to 8% from 44% in FY25, raising questions about organic growth momentum post-acquisition
- Stock is trading at 4.80x book value, which is elevated for a pharma company with a debt-to-equity ratio of approximately 0.60
- Stock price has declined 19% over the past 1 year despite the broader market rally, signalling investor concern
- P/E of 28.1x is a premium valuation that leaves limited margin of safety if growth continues to moderate
- Debt-to-equity ratio stands at approximately 0.60 following acquisitions, up from 0.40 in FY22, increasing financial risk
- Tax rate appears low, which if normalised upward could compress reported net profit margins
- Dividend yield of only 0.53% offers minimal income support during periods of capital depreciation
- PAT for FY25 was ₹375 crore — only 6% growth over FY24's ₹397 crore — suggesting profit growth lagged revenue growth due to integration costs and higher interest
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- ₹64.40 Cr loan from Axis Bank Aug 6
Eris Lifesciences drew down a ₹64.40 crore working capital term loan from Axis Bank to meet short-term liabilities. Aggregate debt level remains unchanged.
- Q1FY27 earnings call transcript released Aug 4
Eris released its Q1FY27 analyst and investor call transcript from the August 4, 2026 discussion. Full earnings details available on the company website.
- Analyst meet with Tokio Marine Aug 12
Eris will host a one-on-one virtual meeting with Tokio Marine Asset Management on August 17, 2026, per SEBI disclosure norms.
- Analyst meet with Bandhan MF Jul 30
Eris scheduled a virtual one-on-one meeting with Bandhan Mutual Fund on August 4, 2026, at 4:00 PM IST to discuss publicly available information.
- Q1 FY27 earnings call scheduled Jul 23
Eris announced an analyst call on July 29, 2026, to discuss Q1 FY27 results following the Board's review of unaudited financials.
TL;DR: A quiet period for Eris Lifesciences with no material positive or negative catalysts. The company drew a ₹64.40 Cr working capital loan without increasing aggregate debt, and routine analyst engagement with institutional investors like Tokio Marine and Bandhan MF signals continued institutional interest. The trend is steady with no visible deterioration or improvement from the news flow alone.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 467 | 505 | 486 | 551 | 720 | 741 | 727 | 705 | 773 | 792 | 807 | 757 | 873 |
| Expenses | 297 | 324 | 311 | 402 | 470 | 477 | 477 | 453 | 496 | 504 | 526 | 484 | 577 |
| Operating Profit | 170 | 181 | 176 | 148 | 250 | 265 | 250 | 252 | 277 | 288 | 282 | 272 | 296 |
| OPM % | 36% | 36% | 36% | 27% | 35% | 36% | 34% | 36% | 36% | 36% | 35% | 36% | 34% |
| Other Income | 1 | 3 | 4 | 15 | 2 | 5 | 4 | 8 | 4 | 3 | -17 | 2 | 2 |
| Interest | 17 | 16 | 18 | 33 | 60 | 59 | 57 | 54 | 49 | 50 | 49 | 46 | 47 |
| Depreciation | 41 | 42 | 46 | 54 | 76 | 80 | 81 | 77 | 71 | 69 | 70 | 70 | 72 |
| PBT | 112 | 126 | 116 | 77 | 116 | 129 | 116 | 129 | 161 | 173 | 145 | 159 | 179 |
| Tax % | 17% | 3% | 12% | -4% | 22% | 25% | 25% | 21% | 22% | 22% | 25% | -75% | 20% |
| Net Profit | 94 | 122 | 101 | 80 | 90 | 96 | 87 | 102 | 125 | 134 | 109 | 279 | 143 |
| EPS in Rs | 6.98 | 9.07 | 7.55 | 5.22 | 6.12 | 6.73 | 6.15 | 6.89 | 8.66 | 8.82 | 7.32 | 20.33 | 10.28 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 546 | 597 | 750 | 856 | 982 | 1,074 | 1,212 | 1,347 | 1,685 | 2,009 | 2,894 | 3,129 | 3,230 |
| Expenses | 427 | 425 | 480 | 533 | 637 | 702 | 781 | 858 | 1,146 | 1,332 | 1,876 | 2,009 | 2,092 |
| Operating Profit | 118 | 172 | 269 | 322 | 345 | 372 | 431 | 489 | 539 | 677 | 1,018 | 1,120 | 1,138 |
| OPM % | 22% | 29% | 36% | 38% | 35% | 35% | 36% | 36% | 32% | 34% | 35% | 36% | 35% |
| Other Income | 7 | 3 | 25 | 26 | 31 | 12 | 9 | 22 | 9 | 22 | 18 | -9 | -9 |
| Interest | 0 | 0 | 1 | 11 | 23 | 2 | 2 | 4 | 26 | 85 | 231 | 193 | 191 |
| Depreciation | 16 | 20 | 23 | 26 | 36 | 50 | 43 | 65 | 117 | 183 | 315 | 280 | 281 |
| PBT | 109 | 154 | 270 | 312 | 317 | 331 | 394 | 442 | 405 | 431 | 489 | 639 | 657 |
| Tax % | 18% | 13% | 9% | 6% | 8% | 11% | 10% | 8% | 8% | 8% | 23% | -1% | — |
| Net Profit | 89 | 135 | 247 | 295 | 291 | 297 | 355 | 406 | 374 | 397 | 375 | 648 | 666 |
| EPS in Rs | 6,489 | 9,714 | 17.95 | 21.39 | 21.15 | 21.84 | 26.16 | 29.88 | 28.1 | 28.82 | 25.84 | 44.72 | 46.75 |
| Div. Payout % | 0% | 63% | 0% | 0% | 0% | 13% | 21% | 20% | 26% | 0% | 28% | 16% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.14 | 0.14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 266 | 299 | 553 | 848 | 1,137 | 1,283 | 1,563 | 1,895 | 2,182 | 2,573 | 2,841 | 3,889 |
| Borrowings | 1 | 0 | 1 | 377 | 176 | 0 | 7 | 84 | 877 | 2,781 | 2,478 | 2,359 |
| Other Liabilities | 91 | 98 | 124 | 170 | 175 | 205 | 202 | 233 | 337 | 1,366 | 1,412 | 1,104 |
| Total Liabilities | 357 | 397 | 692 | 1,408 | 1,502 | 1,502 | 1,785 | 2,226 | 3,410 | 6,734 | 6,744 | 7,366 |
| Fixed Assets | 72 | 71 | 232 | 771 | 761 | 875 | 854 | 918 | 2,568 | 4,319 | 5,306 | 5,188 |
| CWIP | 0 | 0 | 0 | 0 | 3 | 4 | 2 | 27 | 22 | 20 | 67 | 171 |
| Investments | 167 | 190 | 303 | 365 | 356 | 78 | 294 | 520 | 37 | 16 | 67 | 62 |
| Other Assets | 119 | 136 | 157 | 271 | 383 | 544 | 636 | 761 | 783 | 2,379 | 1,304 | 1,945 |
| Total Assets | 357 | 397 | 692 | 1,408 | 1,502 | 1,502 | 1,785 | 2,226 | 3,410 | 6,734 | 6,744 | 7,366 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 90 | 131 | 200 | 235 | 223 | 271 | 375 | 378 | 292 | 486 | 1,065 | 538 |
| Investing | -92 | -44 | -184 | -590 | -5 | 123 | -323 | -320 | -975 | -1,828 | -78 | -369 |
| Financing | 0 | -84 | -24 | 363 | -221 | -335 | -82 | -45 | 688 | 1,380 | -881 | -314 |
| Net Cash Flow | -2 | 4 | -8 | 8 | -3 | 60 | -30 | 14 | 5 | 38 | 105 | -145 |
| Free Cash Flow | 77 | 108 | 150 | 210 | 186 | 125 | 350 | 258 | -550 | 357 | 910 | 241 |
| CFO/OP | 96 | 97 | 94 | 94 | 85 | 87 | 103 | 94 | 68 | 87 | 114 | 59 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 16 | 16 | 24 | 28 | 31 | 53 | 42 | 44 | 63 | 77 | 58 | 79 |
| Inventory Days | 223 | 178 | 195 | 178 | 196 | 148 | 145 | 166 | 136 | 182 | 171 | 200 |
| Days Payable | 142 | 92 | 134 | 247 | 200 | 213 | 157 | 166 | 129 | 210 | 170 | 151 |
| Cash Conversion Cycle | 97 | 102 | 84 | -40 | 28 | -12 | 30 | 44 | 70 | 48 | 59 | 129 |
| Working Capital Days | 15 | 9 | 23 | -13 | -17 | 59 | 64 | 75 | 50 | -296 | -49 | -71 |
| ROCE % | 47% | 53% | 60% | 34% | 26% | 25% | 27% | 25% | 17% | 11% | 12% | 14% |
Documents
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Company Information
ERIS Lifesciences Ltd is engaged in the business of manufacture and marketing of pharmaceutical products.[1]