ERIS Lifesciences Ltd

Eris Lifesciences Limited is an India-based company, which is engaged in manufacturing, marketing and selling of generics within the chronic and acute categories of the Indian Pharmaceutical Market.

  • Market Cap: 7,378 Cr.
  • Current Price: 543.35
  • 52 weeks High / Low 595.00 / 321.00
  • Book Value: 95.45
  • Stock P/E: 24.49
  • Dividend Yield: 1.01 %
  • ROCE: 26.43 %
  • ROE: 28.80 %
  • Sales Growth (3Yrs): 18.05 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
Edit ratios
Pros:
Company has reduced debt.
Company is virtually debt free.
Company has delivered good profit growth of 33.86% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 38.32%
Cons:
Tax rate seems low
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Pharmaceuticals // Industry: Pharmaceuticals - Indian - Formulations

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
249 209 212 251 264 252 215 274 285 266 249 293
151 128 140 162 163 159 153 170 175 190 171 189
Operating Profit 98 81 72 89 101 94 62 105 110 77 77 104
OPM % 39% 39% 34% 35% 38% 37% 29% 38% 39% 29% 31% 35%
Other Income 6 6 7 4 6 10 12 3 5 8 -1 1
Interest 0 3 8 7 6 5 4 1 1 0 0 0
Depreciation 5 7 9 7 8 10 11 12 12 13 14 10
Profit before tax 99 77 62 78 92 89 58 95 103 72 62 95
Tax % 6% 3% 10% 8% 7% 10% 7% 11% 10% 12% 9% 6%
Net Profit 93 75 56 71 85 80 54 84 93 63 56 89
EPS in Rs 6.75 5.43 4.06 5.18 6.20 5.83 3.93 6.11 6.74 4.62 4.12 6.56
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
274 393 509 546 597 750 856 982 1,093
215 307 410 424 425 480 533 637 725
Operating Profit 59 86 99 121 172 269 322 345 368
OPM % 21% 22% 19% 22% 29% 36% 38% 35% 34%
Other Income 1 1 4 3 3 25 26 32 14
Interest 1 1 0 0 0 1 11 23 2
Depreciation 3 3 5 16 20 23 26 36 49
Profit before tax 55 83 98 109 154 270 312 317 331
Tax % 33% 30% 28% 18% 13% 9% 6% 8%
Net Profit 37 58 70 89 134 247 294 291 301
EPS in Rs 2,677.03 4,217.25 5,102.83 6,466.23 8,453.33 17.95 21.39 21.15 22.04
Dividend Payout % 0% 0% 0% 0% 63% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:14.06%
3 Years:18.05%
TTM:8.68%
Compounded Profit Growth
10 Years:%
5 Years:33.86%
3 Years:30.16%
TTM:-0.77%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:0.94%
1 Year:37.11%
Return on Equity
10 Years:%
5 Years:39.26%
3 Years:38.32%
Last Year:28.80%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0 0 0 0 0 14 14 14 14
Reserves 48 106 176 266 299 553 848 1,137 1,282
Borrowings 5 3 1 1 0 1 377 176 12
49 63 94 91 98 124 170 175 245
Total Liabilities 102 172 271 357 397 692 1,408 1,502 1,553
23 27 75 72 71 232 771 761 882
CWIP 0 0 0 0 0 0 0 3 0
Investments 13 47 84 167 190 303 365 356 78
65 98 112 119 136 157 271 383 593
Total Assets 102 172 271 357 397 692 1,408 1,502 1,553

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
30 38 90 90 131 200 235 223
-19 -36 -83 -92 -44 -184 -590 -5
-10 -3 -2 0 -84 -24 363 -221
Net Cash Flow 1 -1 5 -2 4 -8 8 -3

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 104% 66% 48% 54% 62% 35% 26%
Debtor Days 19 15 16 16 16 24 28 31
Inventory Turnover 2.28 2.27 1.94 1.93 2.08 2.26 2.12

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
55.93 55.93 55.93 55.93 55.92 56.04 56.10 56.23 56.23 56.23 55.55 55.55
6.12 6.76 8.59 8.68 8.65 8.42 8.14 7.92 6.06 8.85 10.19 10.11
12.50 12.41 10.82 10.79 11.16 11.35 11.65 11.72 13.44 11.81 11.18 11.33
25.45 24.90 24.66 24.60 24.26 24.19 24.11 24.13 24.27 23.11 23.08 23.01