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Prabhudas Lilladher Report
Eris Lifesciences Ltd.’s strong growth outlook wih high contibution of chronic/sub-chronic products, pure domestic play with insignificant regulatory risks, steady return on equity of 35% plus and resilience of margins drives our upgrade in valuation multiples.
With strong pipeline of patent expiration opportunities in cardio-metabolic segment, we maintain our positive outlook of 14%/ 16%/ 18% compound annual growth rate in FY21-23E with average Ebitda margin of 35%.
Eris Lifesciences guided 15% sales growth with Ebitda margin of around 35-36% in FY22E.
It is confident to maintain the trend considering launch of more than 10 products every year plus major launches expected in Q4 FY22E and Q1 FY23E.
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