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 ₹ 208 Cr.
- Current Price ₹ 111
- High / Low ₹ 282 / 101
- Stock P/E 20.5
- Book Value ₹ 36.7
- Dividend Yield 0.00 %
- ROCE 25.0 %
- ROE 22.6 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 190% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.5%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 45.9 days to 64.4 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.
Peer comparison
Commodities Forest Materials Paper, Forest & Jute Products Paper & Paper Products
Part of Nifty SME Emerge
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 4 | 8 | 36 | 72 | 121 | 207 | |
| 3 | 8 | 36 | 67 | 110 | 193 | |
| Operating Profit | 0 | 0 | 1 | 5 | 10 | 14 |
| OPM % | 3% | 3% | 2% | 7% | 9% | 7% |
| 0 | 0 | 0 | 1 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 5 | 10 | 13 |
| Tax % | 17% | 26% | 24% | 13% | 23% | 22% |
| 0 | 0 | 0 | 4 | 8 | 10 | |
| EPS in Rs | 5.00 | 14.00 | 37.00 | 305.00 | 4.90 | 5.43 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 125% |
| 3 Years: | 78% |
| TTM: | 72% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 190% |
| 3 Years: | 202% |
| TTM: | 51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 33% |
| Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 0.10 | 7 | 9 |
| Reserves | 0 | 0 | 1 | 4 | 14 | 59 |
| 1 | 1 | 3 | 4 | 5 | 16 | |
| 1 | 1 | 3 | 12 | 22 | 23 | |
| Total Liabilities | 2 | 3 | 7 | 21 | 48 | 108 |
| 0 | 0 | 0 | 1 | 0 | 10 | |
| CWIP | 0 | 0 | 0 | 0 | 5 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | 2 | 6 | 19 | 42 | 92 | |
| Total Assets | 2 | 3 | 7 | 21 | 48 | 108 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0 | 0 | -0 | -1 | -5 | -19 | |
| -0 | -1 | -1 | -1 | -4 | -13 | |
| -0 | 1 | 1 | 2 | 11 | 48 | |
| Net Cash Flow | -0 | 0 | 1 | 0 | 2 | 15 |
| Free Cash Flow | 0 | -0 | -1 | -2 | -9 | -31 |
| CFO/OP | 256% | 33% | -6% | -21% | -44% | -124% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 109 | 46 | 39 | 86 | 99 | 103 |
| Inventory Days | 0 | 18 | 2 | 1 | 1 | 2 |
| Days Payable | 90 | 47 | 59 | 58 | 42 | |
| Cash Conversion Cycle | 109 | -25 | -5 | 27 | 41 | 63 |
| Working Capital Days | 14 | 54 | -3 | 20 | 54 | 64 |
| ROCE % | 13% | 20% | 79% | 55% | 25% |
Insights
In beta| Mar 2025 | |
|---|---|
| Employee Benefit Expenses (Proxy for operational scale) INR Lacs |
|
| Intangible Asset Under Development (ERIS App) INR Lacs |
|
| Overseas Revenue Contribution INR Lacs |
|
| Revenue from Product Segment (Trading) INR Lacs |
|
| Revenue from Service Segment INR Lacs |
Extracted by Screener AI
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
2 June 2026 - Investor and analyst call on 8 June 2026 at 4:00 PM IST to discuss Q4 FY26 performance.
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Analysts/Institutional Investor Meet/Con. Call Updates
1 June 2026 - Exim Routes to host Q4FY26 investor and analyst call on 8 June 2026 at 4:00 PM IST.
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Structural Digital Database
30 May 2026 - Submitted SDD compliance certificate for FY ended 31 March 2026.
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Outcome of Board Meeting
29 May 2026 - Audited standalone and consolidated results for half and year ended March 31, 2026; unmodified audit opinion.
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Outcome of Board Meeting
8 May 2026 - On May 8, 2026, board appointed an independent director, auditors, revised ESOP plan, and NSE upheld a penalty.
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.