Domestic-focused branded generics company selling diabetes, cardiac and dermatology drugs to Indian doctors and patients.
Domestic-focused branded generics company selling diabetes, cardiac and dermatology drugs to Indian doctors and patients.
Sells prescription brands in India that doctors recommend and pharmacies stock, so revenue relies on field sales teams building prescribing habits in long-term therapy areas such as diabetes and heart disease, and on buying brands from other companies. Founder Amit Bakshi leads the company.
In one line: A domestic-only Indian branded generics maker.
Moat: narrow (brand, distribution). Strong doctor-relationship-driven brand building in chronic therapy areas within India.
Headquarters: Ahmedabad, India · Founded: 2007 · Employees: 3,076
Size Eris Lifesciences (ERIS.NS) is an India Health Care company (Pharmaceuticals: Major) with a market value of $1.82B, the 391st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,234 on 6 Nov 2026.
Performance Over six months the shares fell 10.8%, against -9.3% for the median peer and 0.0% for the India market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 11.1% over the last twelve months (peer median +10.7%); the operating margin is 26.3% (peer median 12.2%).
Valuation It trades at 25.7× forward earnings against a peer median of 22.0× (6th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 25% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.5 points below its cost of capital (11.9% WACC).
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹33.3B | ₹31.3B | ₹28.9B | ₹20.1B | ₹16.9B |
| Revenue growth | — | +8% | +44% | +19% | — |
| Gross profit | ₹15.9B | ₹14.3B | ₹13.0B | ₹10.1B | ₹8.54B |
| EBITDA | ₹11.6B | ₹11.3B | ₹10.3B | ₹7.01B | ₹5.47B |
| Net income | ₹7.08B | ₹6.20B | ₹3.52B | ₹3.92B | ₹3.82B |
| Free cash flow | n/a | ₹542M | ₹7.73B | ₹2.87B | -₹5.69B |
| Capital expenditure | n/a | ₹2.97B | ₹1.55B | ₹1.29B | ₹8.41B |
| Total debt | ₹24.3B | ₹23.6B | ₹24.8B | ₹27.8B | ₹8.77B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Eris Lifesciences ERIS.NS | $1.82B | -11% | +11% | 26% | 25.7× | 24.7% |
| Mankind Pharma MANKIND.NS | $11.1B | +7% | +13% | 21% | 43.2× | 27.6% |
| Torrent Pharmaceuticals TORNTPHARM.NS | $19.1B | +9% | +42% | 22% | 72.2× | 37.9% |
| Alkem Laboratories ALKEM.NS | $6.67B | -5% | +13% | 17% | 27.4× | 24.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ERIS.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.7% | -1.0% | 5th highest of 21 |
| 6-month return | -10.8% | -9.3% | 9th lowest of 21 |
| Distance from 52-week high | -29.1% | -27.8% | 10th lowest of 21 |
| Revenue growth (TTM) | +11.1% | +10.7% | 10th highest of 20 |
| Operating margin | 26.3% | 12.2% | 7th highest of 20 |
| Forward P/E | 25.7× | 22.0× | 6th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 24.7% | 6.0% | 2nd most demanding of 14 |
| Growth delivered (Del g) | +20.9% | +9.9% | 5th highest of 14 |
| Hurdle (Req g minus delivered) | +3.9 pp | -6.9 pp | 6th most demanding of 14 |
| ROIC minus cost of capital | -1.5 pp | +1.4 pp | 8th lowest of 20 |
| EV / EBITDA | 16.7× | 15.1× | 5th most expensive of 10 |
| Net debt / EBITDA | 1.9× | -1.0× | 3rd most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Eris Lifesciences ERIS.NS | India | $1.82B | -11% | +11% | 26% | 25.7× | 24.7% | +20.9% |
| Tsumura & 4540.T | Japan | $1.81B | +2% | +10% | 18% | 10.1× | n/a | n/a |
| PharmaResearch 214450.KS | South Korea | $1.79B | -25% | +34% | 39% | 12.4× | -14.2% | +37.6% |
| Guobang Pharma 605507.SS | China | $1.84B | -8% | +3% | 12% | 15.9× | -5.8% | +7.4% |
| China National Accord Medicines 000028.SZ | China | $1.85B | -4% | 0% | 2% | 11.1× | -9.4% | +4.2% |
| Zhejiang Wolwo Bio-Pharmaceutical 300357.SZ | China | $1.77B | -11% | +7% | 39% | 27.8× | 19.5% | +10.8% |
| Pfizer PFIZER.NS | India | $1.87B | -19% | +12% | 34% | 21.5× | 11.2% | +2.4% |
| Beijing Aosaikang Pharmaceutical 002755.SZ | China | $1.76B | -25% | -13% | 12% | 63.3× | 14.7% | -14.0% |
| Agios Pharmaceuticals AGIO | United States | $1.76B | +6% | +141% | -467% | n/a | n/a | n/a |
| Cohance Lifesciences COHANCE.NS | India | $1.75B | -11% | +41% | 6% | 82.6× | n/a | n/a |
| Shenzhen Hepalink Pharmaceutical 002399.SZ | China | $1.88B | -13% | -6% | 8% | 22.5× | 0.1% | +0.5% |
| Sarepta Therapeutics SRPT | United States | $1.88B | -11% | -20% | -3% | n/a | 11.9% | +32.4% |
| Maze Therapeutics MAZE | United States | $1.90B | +29% | +700% | -728% | n/a | n/a | n/a |
| Shenyang Xingqi Pharmaceutical 300573.SZ | China | $1.91B | -25% | +17% | 33% | 13.7× | 6.0% | +29.1% |
| Yifan Pharmaceutical 002019.SZ | China | $1.72B | -14% | -5% | 8% | 27.8× | n/a | n/a |
| Caplin Point Laboratories CAPLIPOINT.NS | India | $1.92B | +28% | +15% | 31% | 24.6× | 29.3% | +15.7% |
| Alivus Life Sciences ALIVUS.NS | India | $1.92B | +32% | +8% | 31% | 24.4× | 20.4% | +6.2% |
| Harmony Biosciences HRMY | United States | $1.93B | +7% | +20% | 22% | 8.6× | -10.9% | +40.3% |
| Faes Farma FAE.MC | Spain | $1.71B | +5% | +32% | 14% | 17.1× | 3.1% | +9.9% |
| OneSource Specialty Pharma ONESOURCE.NS | India | $1.94B | -12% | +11% | 6% | 45.0× | n/a | n/a |
| SELLAS Life Sciences SLS | United States | $1.70B | +68% | n/a | n/a | n/a | n/a | n/a |