---
title: "Azure Exim Services Ltd (531783) — Share Price, Financials & Analysis"
symbol: "531783"
company: "Azure Exim Services Ltd"
canonical: "https://tapetide.com/stocks/531783"
isin: "INE837F01016"
bse_code: "531783"
generated_at: "2026-10-13T10:59:58.922Z"
---

# Azure Exim Services Ltd (531783)

Canonical page: https://tapetide.com/stocks/531783

## Company

- **BSE Code:** 531783
- **ISIN:** INE837F01016
- **Stock Type:** EQUITY
- **Listed Since:** 2012-11-08
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** azureexim.com

## About

Azure Exim Services provides consultancy services to customers in the field of import and export industry. It also provides customs brokering, documentation and inland clearance, and customs clearance services.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.56 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -1.01% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 114% | 9% |
| revenue growth | -65% | — |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.18 | 0 | 0 | 0 | 0 | 0.11 | 0.15 | 0.17 | 0.15 | 0 | 0 | 0 |
| Expenses | 0.04 | 0.04 | 0.03 | 0.01 | 0.04 | 0.1 | 0.16 | 0.18 | 0.2 | 0.1 | 0.02 | 0.03 |
| Operating Profit | 0.14 | -0.04 | -0.03 | -0.01 | -0.04 | 0.01 | -0.01 | -0.01 | -0.05 | -0.1 | -0.02 | -0.03 |
| OPM % | 77.78 | — | — | — | — | 9.09 | -6.67 | -5.88 | -33.33 | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.07 | 0.07 | 0.1 | 0.1 | 0.07 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 |
| Profit before tax | 0.07 | -0.11 | -0.13 | -0.11 | -0.11 | 0.01 | -0.01 | -0.01 | -0.06 | -0.1 | -0.02 | -0.03 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -383.33 | 0 | 0 | 0 |
| Net Profit | 0.07 | -0.11 | -0.13 | -0.11 | -0.11 | 0 | -0.02 | -0.01 | 0.17 | -0.1 | -0.02 | -0.03 |
| EPS in Rs | 0.08 | -0.12 | -0.15 | -0.12 | -0.12 | 0 | -0.02 | -0.01 | 0.19 | -0.11 | -0.02 | -0.03 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.07 | 0.03 | 113.59 | 147.51 | 5.96 | 1.91 | 0 | 0 | 0 | 0.15 |
| Expenses | 0.07 | 0.03 | 114.92 | 147.23 | 5.39 | 1.93 | 0.01 | 0.04 | 0.1 | 0.35 |
| Operating Profit | 0 | 0 | -1.33 | 0.28 | 0.57 | -0.02 | -0.01 | -0.04 | -0.1 | -0.2 |
| OPM % | 0 | 0 | -1.17 | 0.19 | 9.56 | -1.05 | — | — | — | -133.33 |
| Other Income | 0 | 0 | 1.81 | 0.27 | -0.34 | 0.02 | 0.31 | 0.05 | 0.18 | 0 |
| Interest | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0.12 | 0.2 | 0.2 | 0.2 | 0.28 | 0.28 | 0.27 | 0.01 |
| Profit before tax | 0 | 0 | 0.35 | 0.34 | 0.03 | -0.2 | 0.02 | -0.27 | -0.19 | -0.21 |
| Tax % | — | — | 31.43 | 32.35 | 0 | 25 | 50 | -18.52 | 0 | — |
| Net Profit | 0 | 0 | 0.24 | 0.23 | 0.03 | -0.25 | 0 | -0.22 | -0.18 | 0.02 |
| EPS in Rs | 0 | 0 | 0.27 | 0.26 | 0.03 | -0.28 | 0 | -0.25 | -0.2 | 0.03 |
| Dividend Payout % | — | — | 0 | 0 | 0 | 0 | — | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 8.94 | 8.94 | 8.96 | 8.96 | 8.96 | 8.96 | 8.96 | 8.96 | 8.96 |
| Reserves | 0.06 | 0.06 | 0.43 | 0.66 | 0.69 | 0.44 | 0.44 | 0.22 | 0.05 |
| Borrowings | 0.05 | 0 | 8.99 | 8 | 0.95 | 0 | 0 | 0.02 | 0 |
| Other Liabilities | 0.12 | 0.21 | 7.18 | 5.48 | 2.47 | 0.21 | 0.23 | 0.18 | 0.22 |
| Total Liabilities | 9.17 | 9.21 | 25.56 | 23.1 | 13.07 | 9.61 | 9.63 | 9.38 | 9.23 |
| Fixed Assets | 0.02 | 0 | 1.18 | 1.16 | 1.1 | 1.4 | 1.12 | 0.59 | 0.33 |
| CWIP | 3.21 | 3.21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3.17 | 3.57 | 11.3 | 7.86 | 2.39 | 0 | 0 | 0 | 0 |
| Other Assets | 2.77 | 2.43 | 13.08 | 14.08 | 9.58 | 8.21 | 8.51 | 8.79 | 8.9 |
| Total Assets | 9.17 | 9.21 | 25.56 | 23.1 | 13.07 | 9.61 | 9.63 | 9.38 | 9.23 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.73 | 0.37 | -1.37 | -0.29 | 2.67 | -2.67 | -0.04 | -0.06 | -0.07 |
| Cash from Investing Activity | -0.64 | -0.39 | -7.24 | 3.71 | 2.17 | 3.5 | -0.23 | 0.03 | 0.01 |
| Cash from Financing Activity | 0 | -0.05 | 8.99 | -1 | -7.05 | -0.95 | 0 | 0 | 0 |
| Net Cash Flow | 0.09 | -0.07 | 0.38 | 2.42 | -2.21 | -0.12 | -0.27 | -0.03 | -0.06 |
| Free Cash Flow | 0.73 | 0.38 | 1.26 | -0.46 | 2.53 | -3.17 | -0.04 | -0.06 | -0.07 |
| CFO/OP | — | — | 103 | -104 | 474 | 13100 | 400 | 150 | 70 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 7.39 | 7.92 | 0 | 0 | — | — | — |
| Inventory Days | — | — | — | — | 0 | — | — | — | — |
| Cash Conversion Cycle | 0 | 0 | 7.39 | 7.92 | 0 | 0 | — | — | — |
| Working Capital Days | 9333.57 | 16181.67 | 15.87 | 13.26 | 401.13 | 1456.18 | — | — | — |
| ROCE % | — | 0 | — | 1.94 | 2.69 | -2 | 0.21 | -1.61 | -2.09 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- |
| Promoters | 11.63% | 11.63% | 11.63% |
| Public | 88.37% | 88.37% | 88.37% |
| No. of Shareholders | 273 | 264 | 264 |

### Quarterly

| Category | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 11.63% | 11.63% | 11.63% | 11.63% | 11.63% | 11.63% | 11.63% | 11.63% | 11.63% |
| Public | 88.37% | 88.37% | 88.37% | 88.37% | 88.37% | 88.37% | 88.37% | 88.37% | 88.37% |
| No. of Shareholders | 273 | 265 | 264 | 264 | 264 | 264 | 265 | 264 | 264 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-27 | [Intimation Regarding Appeal Filed By Lenders Before NCLAT In Contempt Proceedings Relating To Disbursement Of NFB Limits.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c76f2593-c225-4c1c-b55c-1958f8159c9b.pdf) |
| 2026-02-23 | [Intimation On Successful Completion And Charging Of 400 Kv Multi-Circuit Line-In-Line-Out (LILO) Of Pirana (Torrent Power) - Pirana (Power Grid) At POWERGRID Substation, Ahmedabad.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f34a4e3d-d3da-41b8-a184-7bee6f93107c.pdf) |
| 2026-02-18 | [Intimation On Direction From The Hon'Ble National Company Law Tribunal, Mumbai.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/328f2065-6a5a-4925-8fbe-bc46faa6493a.pdf) |
| 2026-02-05 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/23a82d36-8431-42e1-88db-77d70e155f58.pdf) |
| 2026-02-05 | [Announcement Under Regulation 30 LODR - Appointment Of Mr. Amit Dutta, As Chief Operating Officer ('COO')](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20bb894c-4e47-47a5-8e03-a42cb36a517b.pdf) |
| 2026-01-27 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7196b119-4b5b-4999-9edb-3116619f95db.pdf) |
| 2026-01-23 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a604426f-3060-4f2a-9413-d0c2c86f8a6f.pdf) |
| 2026-01-23 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a4c61441-4449-48dc-88fd-4df98be5e050.pdf) |
| 2018-02-17 | [Financial Result For The Quarter Ended 30/12/2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f104e27-c54c-4732-ac8f-5708342a9405.pdf) |
| 2018-02-17 | [Financial Result For The Quarter Ended 30/12/2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/2/2f104e27-c54c-4732-ac8f-5708342a9405.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9cbcbf55-75da-4f43-b1dd-33c4d0bbd266.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc43b8a0-42f4-4dad-85b5-8b1c07f2bab0.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16c9bfd0-337c-4031-bc2f-9973ba94cfbe.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/513250/77049513250.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/513250/69695513250.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/513250/68473513250_10_06_21.pdf) |
| 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/513250/68306513250.pdf) |
| 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/513250/68281513250.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/513250/5132500317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/513250/5132500316.pdf) |

---

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 2026-10-13T10:59:58.922Z.