ERIS Lifesciences Ltd. is an Indian company that manufactures and markets pharmaceutical products. Its manufacturing plant is located in Guwahati, Assam. It was incorporated in 2007, with its headquarters in Ahmedabad, Gujarat. The company’s total income for the September 2022 quarter was Rs 465.88 crore, up 16.04% against Rs 401.32 crore for the June 2022 quarter. On 25 October 2022, ERIS Lifesciences Ltd.’s market capitalisation stood at Rs 9,751 crore.
The company is listed on the Bombay Stock Exchange with the code 540596 and on the National Stock Exchange with the code ERIS.
ERIS Lifesciences Ltd. mainly focuses on cardiology, endocrinology, ENT, paediatrics, gynaecology, gastroenterology, and orthopaedics segments. It offers world-class products across these therapy segments. The company’s brands include Tendia, Tayo, Crevast, Cyblex, Glimisave, Metital, Ginkocer, and Olmin.
On 30 September 2022, the company’s shareholding pattern showed a 52.29% promoter stake, a 15.39% FII stake, a 10.69% DII stake, and a 21.63% public stake. The leading promoter is Mr Amit Indubhushan Bakshi, the company’s founder, with a 40.27% share. During the September 2022 quarter, promoter holdings decreased from 52.30% to 52.29%, mutual fund holdings increased from 10.36% to 10.38%, and FII holdings increased from 15.35% to 15.39%.
Mr Amit Indubhushan Bakshi is the company’s chairperson and managing director. The other team members include Mr Krishnakumar Vaidyanathan, Mr Kaushal Shah, Mr Rajeev Dalal, Mr Sachin Shah, Mr Inderjeet Singh Negi, Mr Prashant Gupta, Mr Milind Talegaonkar, Mr Vasudevan Sujesh, and Ms Kalpana Unadkat. Its auditors are Deloitte Haskins & Sells LLP. On 30 September 2022, the company had a total of 13.60 crore shares outstanding.
On 25 October 2022, the company’s share price closed at Rs 712.10 on BSE and Rs 717.10 on NSE. The 52-week high for ERIS Lifesciences Ltd.’s shares was Rs 835, and its 52-week low was Rs 600.30. Its six-month investor return was 2.42%, and the one-year return was -12.14%.
The company’s peers include Dr Reddys Laboratories Ltd., Cipla Ltd., Sun Pharmaceuticals Industries Ltd., and Divis Laboratories Ltd.
As of September 2022, Franklin India Smaller Companies Fund had a 1.77% stake in the company. Aditya Birla SL Equity Hybrid Fund and L&T Midcap Fund had 1.58% and 1.29% stakes, respectively.
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