Buy Eris Lifesciences, target price Rs 850: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Eris Lifesciences with a target price of Rs 850. The current market price of Eris Lifesciences Ltd. is Rs 655.15. Time period given by analyst is one year when Eris Lifesciences Ltd. price can reach defined target.

Eris Lifesciences Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 8921.10 Crore) operating in Pharmaceuticals sector.

Eris Lifesciences Ltd. key Products/Revenue Segments include Pharmaceuticals and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company has reported a Consolidated Total Income of Rs 314.01 Crore, down -6.91 % from last quarter Total Income of Rs 337.34 Crore and up 11.98 % from last year same quarter Total Income of Rs 280.42 Crore. Company reported net profit after tax of Rs 79.97 Crore in latest quarter.


Investment Rationale
Steady growth. Expect margins to improve QoQ Commentary on new launches and its performance including human insulin is key monitorable.