Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 91 | 97 | 93 | 103 | 76 | 232 | 47 | 46 | 17 | 42 | 49 | 47 |
| Expenses | 98 | 49 | 49 | 53 | 68 | 54 | 42 | 18 | 64 | 8 | 88 | 121 |
| Operating Profit | -7 | 49 | 44 | 50 | 8 | 177 | 5 | 28 | -47 | 34 | -40 | -73 |
| OPM % | -7% | 50% | 47% | 48% | 11% | 76% | 11% | 61% | -276% | 82% | -81% | -154% |
| Other Income | 2 | 2 | 5 | 5 | 5 | 7 | 6 | 5 | 67 | 8 | -48 | 6 |
| Interest | 48 | 47 | 46 | 46 | 5 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 16 | 16 | 34 | 21 | 18 | 18 | 18 | 19 | 7 | 17 | 22 | 20 |
| Profit before tax | -68 | -12 | -31 | -13 | -10 | 165 | -8 | 14 | 12 | 25 | -110 | -87 |
| Tax % | -3% | -16% | -6% | -16% | 2% | 0% | -10% | 3% | 1% | -1% | 0% | -0% |
| Net Profit | -66 | -10 | -30 | -11 | -10 | 164 | -7 | 13 | 12 | 25 | -110 | -87 |
| EPS in Rs | -6.64 | -1.87 | -3.42 | -1.85 | -0.85 | 20.20 | -0.57 | 1.22 | 0.57 | 2.19 | -7.51 | -11.24 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1 | 142 | 153 | 401 | 299 | 210 | 216 | 326 | 380 | 274 | 154 | 155 |
| Expenses | 4 | 173 | 172 | 248 | 116 | 163 | 266 | 322 | 242 | 218 | 179 | 281 |
| Operating Profit | -3 | -32 | -18 | 153 | 184 | 46 | -50 | 4 | 138 | 57 | -24 | -126 |
| OPM % | -388% | -22% | -12% | 38% | 61% | 22% | -23% | 1.3% | 36% | 21% | -16% | -81% |
| Other Income | 4 | 1 | 98 | 48 | 34 | 35 | -133 | 14 | 11 | 206 | 31 | 32 |
| Interest | 50 | 31 | 44 | 205 | 193 | 167 | 182 | 184 | 188 | 54 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 34 | 36 | 39 | 43 | 57 | 82 | 74 | 66 | 67 |
| Profit before tax | -50 | -62 | 35 | -37 | -12 | -125 | -408 | -222 | -121 | 134 | -59 | -160 |
| Tax % | 0% | 1% | 33% | 16% | 9% | -5% | -5% | -8% | -6% | -2% | 1% | |
| Net Profit | -93 | -62 | 23 | -44 | -13 | -119 | -389 | -205 | -113 | 136 | -59 | -160 |
| EPS in Rs | -92.54 | -11.40 | 2.78 | -4.56 | -1.90 | -13.61 | -44.83 | -24.96 | -13.34 | 16.81 | -3.53 | -15.99 |
| Dividend Payout % | 0% | 0% | 36% | -11% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 70% | -6% | -22% | -61% | ||
| Compounded Profit Growth | 5% | 12% | 23% | -180% | ||
| Stock Price CAGR | % | -10% | -27% | -28% | ||
| Return on Equity | -12% | -23% | 0% | -8% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 55 | 84 | 84 | 84 | 84 | 84 | 84 | 84 | 84 | 84 |
| Reserves | -4 | -77 | 386 | 979 | 928 | 917 | 802 | 425 | 218 | 106 | 247 | 319 |
| Borrowings | 567 | 885 | 559 | 1,041 | 1,372 | 1,556 | 1,539 | 1,492 | 1,413 | 1,328 | 434 | 434 |
| Other Liabilities | 56 | 18 | 231 | 465 | 581 | 767 | 717 | 845 | 991 | 1,216 | 670 | 599 |
| Total Liabilities | 629 | 837 | 1,231 | 2,569 | 2,965 | 3,324 | 3,143 | 2,846 | 2,706 | 2,734 | 1,435 | 1,436 |
| Fixed Assets | 2 | 2 | 25 | 893 | 869 | 1,689 | 1,661 | 1,629 | 1,536 | 1,453 | 578 | 501 |
| CWIP | 160 | 303 | 420 | 542 | 797 | 100 | 132 | 158 | 242 | 347 | 1 | 0 |
| Investments | 381 | 361 | 449 | 562 | 523 | 486 | 426 | 206 | 119 | 120 | 116 | 93 |
| Other Assets | 86 | 171 | 337 | 573 | 776 | 1,048 | 924 | 853 | 810 | 814 | 740 | 842 |
| Total Assets | 629 | 837 | 1,231 | 2,569 | 2,965 | 3,324 | 3,143 | 2,846 | 2,706 | 2,734 | 1,435 | 1,436 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -32 | -35 | -9 | 143 | 296 | 238 | 51 | 22 | 259 | 264 | 71 | -126 |
| Cash from Investing Activity | 38 | -215 | -333 | -1,031 | -365 | -157 | 168 | 196 | 81 | -208 | -62 | 328 |
| Cash from Financing Activity | -30 | 264 | 353 | 881 | 86 | -86 | -199 | -233 | -250 | -114 | -68 | -80 |
| Net Cash Flow | -24 | 14 | 11 | -7 | 17 | -5 | 20 | -15 | 90 | -57 | -59 | 122 |
| Free Cash Flow | -133 | -178 | -349 | -0 | -25 | 82 | 66 | -6 | 251 | 160 | 19 | -133 |
| CFO/OP | 3,500% | 1,157% | 26% | -801% | 198% | 130% | 114% | -47% | 6,047% | 191% | 128% | 474% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85 | 1,124 | 12 | 247 | 90 | 144 | 236 | 233 | 66 | 0 | 1 | 3 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 85 | 1,124 | 12 | 247 | 90 | 144 | 236 | 233 | 66 | 0 | 1 | 3 |
| Working Capital Days | -1,877 | -754 | -103 | -393 | -93 | 10 | -32 | -235 | -411 | -845 | -467 | -138 |
| ROCE % | 6% | 0% | -3% | 5% | 7% | 7% | 1% | -4% | -2% | 4% | 15% | -7% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 53.76% | 53.76% | 52.23% | 52.10% | 51.97% | 51.97% | 51.97% | 51.97% | 51.97% | 51.97% | 51.97% | 51.73% |
| FIIs | 0.00% | 0.00% | 0.06% | 0.00% | 0.01% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.16% |
| Public | 46.24% | 46.24% | 47.70% | 47.89% | 48.04% | 47.92% | 47.92% | 47.91% | 47.92% | 47.92% | 47.92% | 48.10% |
| No. of Shareholders | 23,599 | 25,670 | 51,896 | 52,534 | 51,038 | 50,492 | 51,195 | 52,763 | 54,581 | 53,152 | 52,422 | 51,502 |
Fundamentals
Market Cap₹ 138 Cr.
Current Price₹ 16.4
Book Value₹ 48.0
ROCE-6.53 %
ROE-8.15 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-61%
Compounded Profit Growth (TTM)-180%
Consolidated figures.
Valuation
Market capRs 135 Cr
Enterprise valueRs 219 Cr
Price to book0.33x
Price to sales0.87x
EV / sales1.41x
Earnings yield-99.74%
P/E, 3-year average1.72x
P/B, 3-year average1.18x
P/E, 5-year average1.72x
P/B, 5-year average0.95x
Profitability
Operating margin (excl. other income)-15.81%
Operating margin (incl. other income)4.21%
EBITDA margin-60.19%
Pre-tax margin-103.08%
Net profit margin-86.35%
Net margin, latest quarter-199.07%
ROE-8.08%
ROCE-7.38%
ROA-2.07%
ROE, 3-year average0.21%
ROCE, 3-year average4.42%
ROA, 3-year average0.20%
ROE, 5-year average-20.99%
ROCE, 5-year average0.20%
ROA, 5-year average-3.91%
ROIC (approx.)-33.09%
Tax rate-0.56%
Other income / net worth7.67%
Growth
Sales growth (latest year)-43.75%
Profit growth (latest year)-121.00%
Sales CAGR, 3 years-22.09%
Sales CAGR, 5 years-5.93%
Sales growth QoQ-3.09%
Sales growth YoY (latest quarter)2.46%
Profit growth YoY (latest quarter)-1022.19%
Per share
EPS (TTM)Rs -15.99
EPS (latest year)Rs -3.53
EPS (latest quarter)Rs -11.24
EPS, 3-year averageRs -0.02
EPS, 5-year averageRs -13.97
Book value per shareRs 47.96
Sales per shareRs 18.52
Cash flow per shareRs -14.97
Free cash flow per shareRs -15.84
Efficiency
Asset turnover0.11x
Fixed asset turnover0.31x
Debtor days3 days
Debtors turnover127.52x
Cash conversion cycle3 days
Working capital days-138 days
Leverage
Total debtRs 434 Cr
Cash and bankRs 350 Cr
Net debtRs 84 Cr
Debt to equity1.08x
Interest coverage-8010.50x
Owners' fund to total sources28.05%
Debt to assets30.25%
Cash flow
Cash from Operating Activity (latest year)Rs -126 Cr
Cash from Investing Activity (latest year)Rs 328 Cr
Cash from Financing Activity (latest year)Rs -80 Cr
Net Cash Flow (latest year)Rs 122 Cr
Free cash flow (latest year)Rs -133 Cr
FCFE (approx.: FCF + change in debt)Rs -133 Cr
Statement figures
Net sales (TTM)Rs 155 Cr
Net sales (latest year)Rs 154 Cr
Sales (latest quarter)Rs 47 Cr
Operating profit excl. other income (latest year)Rs -24 Cr
Operating profit (latest quarter)Rs -73 Cr
Other income (TTM)Rs 32 Cr
EBITDA (TTM)Rs -94 Cr
PBDT (TTM)Rs -94 Cr
Profit before tax (TTM)Rs -160 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -134 Cr
Net profit (latest year)Rs -30 Cr
Net profit (latest quarter)Rs -94 Cr
Depreciation (TTM)Rs 67 Cr
Depreciation (latest quarter)Rs 20 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 15 Cr
Total expenditure (latest year)Rs 179 Cr
Total income (latest year)Rs 185 Cr
Share capitalRs 84 Cr
ReservesRs 319 Cr
Shareholders' fundsRs 403 Cr
Total assetsRs 1,436 Cr
Net blockRs 501 Cr
InvestmentsRs 93 Cr
ReceivablesRs 1 Cr
Other liabilitiesRs 599 Cr
Shares outstanding (crore)8.39
Ownership
Promoter holding51.73% (-0.24 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.33 is at the 22th percentile (median 0.57).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | BRNL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.1% | -2.8% | -1.3 pts |
| 1 month | -7.2% | -6.8% | -0.4 pts |
| 3 months | -12.3% | -7.6% | -4.7 pts |
| 6 months | -5.4% | +0.4% | -5.8 pts |
| 1 year | -24.5% | -9.9% | -14.6 pts |
| 2 years | -66.8% | -13.6% | -53.2 pts |
| 3 years | -61.5% | +14.2% | -75.7 pts |
| 5 years | -44.0% | +27.9% | -71.8 pts |
Red flags
F-score 2 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹47 Cr +2.2% vs Jun 2025.
Net loss ₹87 Cr.
Against our estimate for Jun 2026: sales +67.0%, profit -804.3% miss. Our estimate for Sep 2026: sales Rs 18 Cr, profit Rs -11 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Larsen & Toubro Ltd | 515,837 | 29.3 | 14.6 % |
| Rail Vikas Nigam Ltd | 41,263 | 45.9 | 10.8 % |
| Kalpataru Projects International Ltd | 23,312 | 21.0 | 18.3 % |
| NBCC (India) Ltd | 21,063 | 30.8 | 29.3 % |
| Cemindia Projects Ltd | 21,015 | 34.9 | 32.8 % |
| IRB Infrastructure Developers Ltd | 20,508 | 20.8 | 7.47 % |
| Engineers India Ltd | 17,435 | 22.2 | 30.4 % |
| Central Mine Planning & Design Institute Ltd | 15,217 | 23.3 | 38.1 % |
| Techno Electric & Engineering Company Ltd | 11,748 | 22.8 | 15.2 % |
| Welspun Enterprises Ltd | 10,302 | 29.1 | 16.7 % |
| KEC International Ltd | 10,072 | 16.8 | 16.5 % |
| Ircon International Ltd | 9,637 | 18.4 | 9.27 % |
| Rites Ltd | 9,242 | 22.1 | 23.0 % |
| Afcons Infrastructure Ltd | 9,014 | 44.0 | 13.9 % |
| NCC Ltd | 8,053 | 11.2 | 16.8 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2019-12-05 | Dividend - Rs 0.50 Per Share | |
| 2018-09-19 | Dividend Re 0.50 Per Share | |
| 2017-11-16 | Interim Dividend - Re 0.50 Per Share |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)
Quick answers
What is the market cap of Bharat Road Network Ltd?
Bharat Road Network Ltd (BRNL) has a market capitalisation of Rs 138 Cr. at the 2026-10-01 close.
What were Bharat Road Network Ltd's latest quarterly results?
In the Jun 2026 quarter, Bharat Road Network Ltd sales was Rs 47 Cr (+2.2% vs Jun 2025) with a net loss of Rs 87 Cr.
What is the 52-week high and low of Bharat Road Network Ltd?
The 52-week high is Rs 26.50 and the 52-week low is Rs 15.67.