Exim Routes Limited is a global recyclable-paper sourcing and supply-chain solutions provider connecting international suppliers with Indian paper mills. The company earns revenue through trading recyclable paper, freight forwarding, container handling, and process-optimisation services. Its AI-enabled ERIS platform supports inventory matching, price discovery, logistics planning and market intelligence. The products are used by paper manufacturers across India, ensuring raw-material continuity and optimised procurement.

The Company is led by Promoter, i.e., MR. MANISH GOYAL AND MR. GOVIND RAI GARG

The Revenues from operations for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were â‚¹4,417.37 Lakh, ₹12,098.94 Lakh, â‚¹7,238.99 Lakh, and ₹3,646.29 Lakh, The EBITDA for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were â‚¹ 96.05 Lakh, ₹491.37 Lakh, ₹115.31 Lakh, and ₹53.09 Lakh, The Profit after Tax for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were â‚¹117.26 Lakh, ₹756.28 Lakh, â‚¹420.33 Lakh, and ₹37.49 Lakh, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of â‚¹5.23 and post-issue EPS of ₹4.03 for FY25. The pre-issue P/E ratio is 16.83x,while the post-issue P/E ratio is 21.82x against the Industry P/E ratio is NAx The company's ROE for FY25 is 42.28% and RoNW is 42.28% The Annualised EPS is ₹2.50x and P/E is 35.18x. These metrics suggest that the IPO is Fully priced.

The Grey Market Premium (GMP) of Exim Routes showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Avoid to the Exim Routes Limited IPO for Listing gain or Long Term Purposes.