---
title: "Exim Routes Ltd (EXIMROUTES) — Share Price, Financials & Analysis"
symbol: "EXIMROUTES"
company: "Exim Routes Ltd"
canonical: "https://tapetide.com/stocks/EXIMROUTES"
isin: "INE19I001020"
nse_symbol: "EXIMROUTES"
sector: "Forest Materials"
industry: "Paper & Paper Products"
market_cap_cr: 202.43
generated_at: "2026-09-13T18:32:40.519Z"
---

# Exim Routes Ltd (EXIMROUTES)

Canonical page: https://tapetide.com/stocks/EXIMROUTES

## Company

- **NSE Symbol:** EXIMROUTES
- **ISIN:** INE19I001020
- **Sector:** Forest Materials
- **Industry:** Paper & Paper Products
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2025-12-19
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** eximroutes.ai

## About

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]

## Latest Price

- **Price:** ₹106.9
- **Change:** -2.1 (-1.93%)
- **Open:** ₹107.95
- **Day High:** ₹107.95
- **Day Low:** ₹106
- **Previous Close:** ₹109
- **Volume:** 11200
- **As Of:** 2026-09-11T10:01:44+00:00

## Key Fundamentals

Observed at 2026-09-11T04:38:34.087333Z.

- **Market Cap:** ₹202.43 Cr
- **Classification:** SME
- **P/E (reported):** 20.1
- **Book Value:** ₹36.65
- **Price to Book:** 2.97
- **Dividend Yield:** 0%
- **ROE:** 14.81%
- **ROCE:** 20%
- **Debt to Equity:** 0.24
- **Revenue (yearly):** ₹207.6 Cr
- **Net Income:** ₹10.2 Cr
- **EBITDA:** ₹14.1 Cr
- **52-Week High:** ₹281.9
- **52-Week Low:** ₹90
- **RSI (14):** 48.9

## Key Insights

### Strengths

- 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 33.6%

### Weaknesses

- 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

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -297.75% | — | — |
| ebitda margin growth | 47.06% | -19.79% | -3.54% | 70.25% |
| net income growth | 50% | 34.21% | 203% | 190% |
| revenue growth | 12.22% | 71.57% | 78% | 125% |
| roce | 45.93% | -49.02% | -75.97% | 44.87% |
| roe | 57.26% | -54.01% | 43.62% | -66.63% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 47 | 74 | 93 | 114 |
| Expenses | 44 | 67 | 90 | 104 |
| Operating Profit | 4 | 6 | 4 | 10 |
| OPM % | 7 | 9 | 3.9 | 9 |
| Other Income | 0 | 0 | 1 | 0 |
| Interest | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 6 | 4 | 9 |
| Tax % | 26 | 21 | 23 | 22 |
| Net Profit | 2 | 5 | 3 | 7 |
| EPS in Rs | 1.87 | 3.71 | 2.18 | 3.82 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 4 | 8 | 36 | 72 | 121 | 207 |
| Expenses | 3 | 8 | 36 | 67 | 110 | 193 |
| Operating Profit | 0 | 0 | 1 | 5 | 10 | 14 |
| OPM % | 2.5 | 3.1 | 1.8 | 7 | 9 | 7 |
| Other Income | 0 | 0 | 0 | 1 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 5 | 10 | 13 |
| Tax % | 17 | 26 | 24 | 13 | 23 | 22 |
| Net Profit | 0 | 0 | 0 | 4 | 8 | 10 |
| EPS in Rs | 5 | 14 | 37 | 305 | 4.89 | 5.48 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.1 | 0.1 | 0.1 | 0.1 | 7 | 9 |
| Reserves | 0 | 0 | 1 | 4 | 14 | 59 |
| Borrowings | 1 | 1 | 3 | 4 | 5 | 16 |
| Other Liabilities | 1 | 1 | 3 | 12 | 22 | 23 |
| Total Liabilities | 2 | 3 | 7 | 21 | 48 | 108 |
| Fixed Assets | 0 | 0 | 0 | 1 | 0 | 10 |
| CWIP | 0 | 0 | 0 | 0 | 5 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 2 | 2 | 6 | 19 | 42 | 92 |
| Total Assets | 2 | 3 | 7 | 21 | 48 | 108 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0 | 0 | -1 | -5 | -19 |
| Cash from Investing Activity | 0 | -1 | -1 | -1 | -4 | -13 |
| Cash from Financing Activity | 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 | -118 |

### Ratios

| Item | 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 | 26 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2025 | Mar 2026 |
| --- | --- | --- |
| Promoters | 71.35% | 52.64% |
| FIIs | 7.55% | 7.74% |
| DIIs | 0% | 0.27% |
| Government | 0% | 0% |
| Public | 0% | 29.04% |
| Others | 21.1% | 10.31% |
| No. of Shareholders | 104 | 397 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 5 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 108.09 | Sell |
| EMA (10) | 108.48 | Sell |
| SMA (20) | 109.03 | Sell |
| EMA (20) | 109.09 | Sell |
| SMA (50) | 109.66 | Sell |
| EMA (50) | 111.4 | Sell |
| SMA (100) | 116.52 | Sell |
| EMA (100) | 122.54 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.46 | Neutral |
| MACD (12,26,9) | -0.74 | Sell |
| Stochastic (14,3,3) | 10.97 | Buy |
| ADX (14) | 27.57 | Buy |
| Williams %R (14) | -96.25 | Buy |
| ATR (14) | 3.74 | High Volatility |
| ROC (12) | -2.82 | Sell |
| Stoch RSI (14) | 10.86 | Buy |
| UO (7,14,28) | 46.29 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 May 2026 - On May 8, 2026, board appointed an independent director, auditors, revised ESOP plan, and NSE upheld a penalty. | [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.](https://nsearchives.nseindia.com/corporate/EXIM_08052026225637_Outcome_08-05-2026.pdf) |
| 8 June 2026 - Exim Routes released its investor presentation for Q4 FY26 results. | [Investor Presentation 8 June 2026 - Exim Routes released its investor presentation for Q4 FY26 results.](https://nsearchives.nseindia.com/corporate/EXIM_08062026153847_Presentation.pdf) |
| 7 Sep - Revised 7th AGM notice issued; AGM moved to 30 September 2026 and includes director reappointment, auditor appointment, ESOP disclosures. | [Shareholders meeting 7 Sep - Revised 7th AGM notice issued; AGM moved to 30 September 2026 and includes director reappointment, auditor appointment, ESOP disclosures.](https://nsearchives.nseindia.com/corporate/EXIM_07092026191356_EXIMROUTES_REVISED_NOTICE.pdf) |
| 7 Sep - Board rescheduled 7th AGM to 30 September 2026 at 3:00 PM and approved revised notice. | [General Updates 7 Sep - Board rescheduled 7th AGM to 30 September 2026 at 3:00 PM and approved revised notice.](https://nsearchives.nseindia.com/corporate/EXIM_07092026000113_Outcome_06-09-2026.pdf) |
| 6 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026.](https://nsearchives.nseindia.com/corporate/EXIM_06072026165256_merged__3_.pdf) |
| 30 May 2026 - Submitted SDD compliance certificate for FY ended 31 March 2026. | [Structural Digital Database 30 May 2026 - Submitted SDD compliance certificate for FY ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/EXIM_30052026233250_SDD_COMPLIANCE_CERTIFICATE-2026M__2_.pdf) |
| 30 January 2026 - Board approved H1 FY2026 unaudited standalone/consolidated results; Exec Director Govind Rai Garg resigned effective 21 Jan 2026. | [Outcome of Board Meeting 30 January 2026 - Board approved H1 FY2026 unaudited standalone/consolidated results; Exec Director Govind Rai Garg resigned effective 21 Jan 2026.](https://nsearchives.nseindia.com/corporate/EXIM_30012026203329_EXIM_14th_BM_Outcome_along_with_Half_yearly_Financials-1.pdf) |
| 30 January 2026 - Board approved H1 (Sep 30, 2025) unaudited standalone/consolidated results; Exec Director resigned Jan 21, 2026; new ERIS vendor approved without cost increase. | [Outcome of Board Meeting 30 January 2026 - Board approved H1 (Sep 30, 2025) unaudited standalone/consolidated results; Exec Director resigned Jan 21, 2026; new ERIS vendor approved without cost increase.](https://nsearchives.nseindia.com/corporate/EXIM_30012026202338_EXIM_14th_BM_Outcome_along_with_Half_yearly_Financials-1.pdf) |
| 30 January 2026 - Approved H1 results (ended Sep 30, 2025); ED Govind Rai Garg resigned Jan 21, 2026; new ERIS vendor onboarded. | [Outcome of Board Meeting 30 January 2026 - Approved H1 results (ended Sep 30, 2025); ED Govind Rai Garg resigned Jan 21, 2026; new ERIS vendor onboarded.](https://nsearchives.nseindia.com/corporate/EXIM_30012026234710_exim.pdf) |
| 30 Aug - 7th AGM rescheduled to 23 September 2026; board approved corrective actions for Exim Routes ESOP Plan 2025. | [Updates 30 Aug - 7th AGM rescheduled to 23 September 2026; board approved corrective actions for Exim Routes ESOP Plan 2025.](https://nsearchives.nseindia.com/corporate/EXIM_30082026214140_outcome__1_.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30954_EXIMROUTES_2025_2026_A_10113095_01092026000735.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:32:40.519Z.