BRNLIndustrials

Bharat Road Network Limited

Civil Construction · ISIN INE727S01012 · BSE 540700 · NSE EQ · FV ₹10
Last price
₹16
+1.05%today
What this company does

Bharat Road Network Limited operates in Civil Construction, part of the Industrials sector. It booked ₹47 cr of revenue in its latest quarter (Q1 FY27) and kept -199.0% of sales as profit.

In the report:
33out of 100
Equitytale Health Score
Strained

Healthier than 33% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
31

At close. Not part of the score.

Profitability & returns0

How much profit it earns on the money it employs · lowest in its sector on what we could measure

Balance sheet15

How much it owes, and whether earnings cover the interest

Cash quality51

Whether reported profit actually arrives as cash

Growth & consistency10

Whether sales and profit have grown, and how steadily

Valuation98

What today's price implies, against our models or its peers

Governance & risk61

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 52%
Watch-outs
! Currently loss-making
! Thin -199.0% net margin
! 23.0% of promoter stake pledged
! Low -93.7% return on equity
! Operating cash flow is negative

What if I invest in BRNL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹16 +1.05%
latest close · 2026-09-17
1-year return
-46.5%
52-wk low ₹1652-wk high ₹59
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio0.34Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-93.7%Loss
WeakFairStrong ▸15%
Return on capital-37.4%Loss
WeakFairStrong
Net margin-199.0%Loss
ThinDecentStrong
EBITDA margin-141.8%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.81Moderate
LowModerateHigh ▸1
Interest cover-2,18,365.3×Risky
RiskyOkayStrong ▸5×
Current ratio1.58Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹138 cr
Book value
₹48
EPS
₹-10.40
latest quarter
Net debt
₹308 cr
owes more than its cash
Enterprise value
₹446 cr
EBITDA
₹-269 cr
annualised
EBIT
₹-349 cr
annualised
Operating margin
-184.3%
Return on assets
-26.3%
Earnings yield
P/S
0.73
Sales / share
₹22.6
Tax rate
Face value
₹10
Shares
8.4 cr
Working capital
₹292 cr
Current assets
₹792 cr
Current liabilities
₹500 cr
Delivery %
71.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹47 cr
Other Income₹6 cr
Total Income₹53 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹1 cr
Finance Costs₹0.04 L
Depreciation & Amortisation₹20 cr
Other Expenses₹119 cr
Total Expenses₹141 cr
Profit before Tax₹-87 cr
Tax Expense₹-7.9 L
Net Profit₹-87 cr
Net margin on total income-163.5%
Where the money goes · Q1 FY27
% of total spend
Employee benefit expense₹1 cr1.0%
Finance costs₹0.04 L0.0%
Depreciation & amortisation₹20 cr14.3%
Other expenses₹119 cr84.7%
Total income ₹53 cr

The company made a net loss of ₹87 cr this quarter — income covered only 38 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue42 cr49 cr47 cr
Total income50 cr42.4 L53 cr
Expenses25 cr111 cr141 cr
Profit before tax25 cr-110 cr-87 cr
Tax-27.2 L6 L-7.9 L
Net profit (owners' share)18 cr-63 cr-94 cr
Net margin (owners' share, on revenue)43.8%-128.9%-199.0%
EPS (₹)3.00-13.13-10.40
YoY (latest quarter): total income +4.6% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹1,436 cr
Shareholder equity
₹403 cr
parent shareholders
Total debt
₹434 cr
Cash
₹126 cr
Cash flow · H1 FY26
Operating
₹-61 cr
Investing
₹108 cr
Financing
₹0 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.5
ex 5 Dec 2019
ActionDetailEx-date
Dividend₹0.5 / share5 Dec 2019
Dividend₹0.5 / share19 Sep 2018
Dividend₹0.5 / share16 Nov 2017
Who owns it · 2026-06-30
23.0% pledged
Promoter
51.7%
FII / Foreign
0.0%
DII / Domestic
0.2%
Retail / others
48.1%
Promoter stake down 2.0% over the last 12 quarters.
Smart-money activity
Insider trades
SoldSrei Venture Capital Trust - Infrastructure Project Development Fund · Promoter Group49,346 · ₹36.8 L26 Feb 24
SoldManufacturing Value Addition Fund - Make In India Fund · Promoters10,000 · ₹8.0 L9 Feb 24
SoldManufacturing Value Addition Fund - Make In India Fund · Promoters10,000 · ₹8.0 L9 Feb 24
Bulk / block deals
SoldVISTAR FINANCIERS PRIVATE LIMITED · NSE4.37 L @ ₹19.695 Aug 25
SoldGRAVITON RESEARCH CAPITAL LLP · NSE7.05 L @ ₹87.3623 Jan 24
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE7.05 L @ ₹87.2423 Jan 24
Stake changes
BoughtBRISTI REAL-TECH PRIVATE LIMITED→ 7.31% · 23.26 L22 Apr 24
BoughtVistra Financiers Pvt Ltd→ 11.96% · 63.85 L29 Mar 18
BoughtAUM capital Market Private Limited Persons Acting in Concert (PAC) - AUM Commodity Services Prviate Limited→ 5.92% · 49.77 L20 Sep 17
Promoter pledges
PledgedSrei Infrastructure Finance Limited95.20 L · 0.00% held6 Jun 18
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 26 Sep 2025
See the official result
1
To receive, consider and adopt - a) The Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon; b) The Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Report of the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
63.44 L votes for, 786 against
2
To appoint a Director in place of Mr. Bajrang Kumar Choudhary (DIN: 00441872), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
63.27 L votes for, 5,937 against
3
Appointment of M/s. MR & Associates., Company Secretaries as the Secretarial Auditor of the Company
Backed by 100% of shareholders other than promotersneeded 50%
63.44 L votes for, 786 against
4
Approval for Related Party Transactions
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
63.34 L votes for, 836 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 51.7% between them · as of 2026-06-30
SREI VENTURE CAPITAL TRUST31.92%
SREI INFRASTRUCTURE FINANCE LIMITED19.81%
MANUFACTURING VALUE ADDITION FUND A/C MAKE IN INDIA FUNDno shares
OSPL INFRADEAL PRIVATE LIMITEDno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.