Exim Routes Ltd
Incorporated in April 2019, Exim Routes Limited is a global platform that facilitates the exchange of recyclable paper materials and services to Indian Paper Mills.[1]
- Market Cap ₹ 287 Cr.
- Current Price ₹ 153
- High / Low ₹ 282 / 104
- Stock P/E 80.3
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 47.6 %
- ROE 42.3 %
- Face Value ₹ 5.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 46.1%
Cons
- Company has high debtors of 164 days.
- Working capital days have increased from 56.5 days to 182 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 3.58 | 7.85 | 12.74 | 5.20 | 19.15 | |
| 3.49 | 7.61 | 12.21 | 4.04 | 14.21 | |
| Operating Profit | 0.09 | 0.24 | 0.53 | 1.16 | 4.94 |
| OPM % | 2.51% | 3.06% | 4.16% | 22.31% | 25.80% |
| 0.05 | 0.08 | 0.02 | -0.00 | 0.30 | |
| Interest | 0.02 | 0.04 | 0.01 | 0.04 | 0.25 |
| Depreciation | 0.06 | 0.09 | 0.15 | 0.24 | 0.24 |
| Profit before tax | 0.06 | 0.19 | 0.39 | 0.88 | 4.75 |
| Tax % | 16.67% | 26.32% | 23.08% | 29.55% | 25.26% |
| 0.05 | 0.14 | 0.30 | 0.62 | 3.55 | |
| EPS in Rs | 5.00 | 14.00 | 30.00 | 62.00 | 2.58 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 35% |
| TTM: | 268% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 194% |
| TTM: | 473% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 46% |
| Last Year: | 42% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 0.10 | 6.89 | 6.89 |
| Reserves | 0.08 | 0.22 | 0.46 | 1.08 | 8.71 | 10.62 |
| 1.48 | 1.47 | 2.86 | 1.46 | 2.75 | 5.75 | |
| 0.63 | 1.01 | 0.66 | 1.39 | 3.88 | 6.17 | |
| Total Liabilities | 2.29 | 2.80 | 4.08 | 4.03 | 22.23 | 29.43 |
| 0.15 | 0.24 | 0.38 | 0.99 | 0.18 | 7.03 | |
| CWIP | -0.00 | -0.00 | -0.00 | 0.16 | 5.09 | -0.00 |
| Investments | -0.00 | 0.07 | 0.08 | 0.75 | 0.80 | 2.80 |
| 2.14 | 2.49 | 3.62 | 2.13 | 16.16 | 19.60 | |
| Total Assets | 2.29 | 2.80 | 4.08 | 4.03 | 22.23 | 29.43 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 0.21 | 0.23 | -0.21 | 2.33 | -5.82 | |
| -0.04 | -0.18 | -0.96 | -1.02 | -4.35 | |
| -0.19 | -0.04 | 1.37 | -1.42 | 11.95 | |
| Net Cash Flow | -0.03 | 0.01 | 0.20 | -0.11 | 1.78 |
| Free Cash Flow | 0.13 | 0.05 | -1.17 | 1.98 | -10.19 |
| CFO/OP | 256% | 121% | -38% | 203% | -112% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 109.09 | 46.50 | 58.16 | 82.12 | 164.30 |
| Inventory Days | -0.00 | 17.68 | 27.11 | 42.75 | -0.00 |
| Days Payable | 89.67 | 75.09 | 170.99 | ||
| Cash Conversion Cycle | 109.09 | -25.49 | 10.19 | -46.12 | 164.30 |
| Working Capital Days | 14.27 | 50.68 | -5.73 | -7.02 | 182.21 |
| ROCE % | 13.33% | 15.36% | 30.36% | 47.64% |
Insights
In beta| Mar 2025 | |
|---|---|
| Employee Benefit Expenses (Proxy for operational scale) INR Lacs |
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| Intangible Asset Under Development (ERIS App) INR Lacs |
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| Overseas Revenue Contribution INR Lacs |
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| Revenue from Product Segment (Trading) INR Lacs |
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| Revenue from Service Segment INR Lacs |
Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 April 2026 - Submitted Regulation 74(5) depository certificate for quarter ended 31 March 2026.
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Credit Rating
13 April 2026 - CARE Ratings assigned Exim Routes issuer rating CARE BB+; Stable on 13 April 2026.
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Trading Window
27 March 2026 - Trading window closed Apr 1, 2026 until 48 hours post audited results for half-year/year ended Mar 31, 2026.
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Clarification - Financial Results
23 March 2026 - Exchange has sought clarification from Exim Routes Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
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Updates
13 February 2026 - SEBI Reg 32 report: Rs43.73 crore IPO proceeds; Rs5.85cr utilized, no deviation (quarter ended Dec 31, 2025).
Annual reports
No data available.
Business Profile[1]
Exim Routes is a global B2B platform and trading company focused on the sourcing, logistics and supply of recyclable paper to Indian paper mills. Its model combines international procurement, AI-based digital marketplace (ERIS), quality assurance, and logistics execution through a network of subsidiaries in the US, UK, Germany, Singapore and South Africa.