Eris Lifesciences - The Pharma Brand Master: Motilal Oswal Initiates Coverage

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.In just 14 years (founded in 2007), Eris Lifesciences Ltd. has built a pure-play branded formulation business, with a revenue of Rs 13 billion. Notably, its profit after tax has nearly doubled to Rs 3.5 billion during FY16–21.Eris Lifesciences ranks among the top 25 Indian companies in revenue terms. The company has presence across the value chain in developing, manufacturing and marketing of branded pharma products in select chronic therapies (the fastest growing company in chronic category), such as anti-diabetes (37% of sales), cardiac care (31% of sales), and vitamins/minerals/nutrients (23% of sales). We expect a 17% earnings compound annual growth rate for Eris Lifesciences over FY21–24 versus marginal earnings growth during FY18–21..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Eris Lifesciences - The Pharma Brand Master: Motilal Oswal Initiates Coverage

Eris Lifesciences - The Pharma Brand Master: Motilal Oswal Initiates Coverage

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