Eris Lifesciences - 100% of sales from India Pharma Market

04.05.2023 India Ratings notes

  • AA- rating (same as CRISIL)
  • 2,000 stockists, 3,669 field force (2,555 medical representatives and 1,144 field managers) and over 5,00,000 chemists
  • Top 15 mother brands contribute 75% to revenue
  • Majority revenues come from metros and class I cities
  • Ind-Ra expects them to grow at a CAGR of around 21% from FY22-FY26(estimate)
  • Utilized 41% of fund-based limits over 12 months ended March 2023

Disclosure: Invested (position size here, no transactions in last-30 days)

3 Likes