₹17.7
▼ -0.27 -1.50%
17 Jul 2026
NSE Listed · Infrastructure Developers & Operators
Bharat Road Network Ltd. (BRNL)
Volume: 2,548Avg Vol 1W: 19,202Avg Vol 1M: 15,99752W Range:₹16.66₹26.5
Key Ratios
Checked 3h agoMarket Cap₹149 Cr
Current Price₹17.7
Previous Close₹17.97
High / Low (52w)₹26.5 / ₹16.66
Volume2,548
Avg Vol (1W)19,202
Avg Vol (1M)15,997
Stock P/E1.73
Book Value₹47.96
Dividend Yield0%
ROE-7.36%
ROA-414.21%
Revenue (TTM)—
Revenue Growth-27.77%
Profit Margin-19.22%
Total Debt₹0 Cr
Shares Outstanding8 Cr
Face Value₹10
EPS (TTM)₹0
P/B0.37
Debt / Equity3.38
50 DMA₹18.48
200 DMA₹19.47
Day change-1.50%
Price Chart
₹17.7▼ 27.34% · 1Y
2025-11-252026-07-17
20-day avg volume: 15K shares
Pros
- Company is almost debt-free.
- Revenue grew 23% YoY.
- Stock trades below its book value.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹103 Cr | ₹76 Cr | ₹232 Cr | ₹47 Cr | ₹46 Cr | ₹17 Cr | ₹42 Cr | ₹49 Cr |
| EBITDA | ₹33 Cr | ₹-5 Cr | ₹166 Cr | ₹-7 Cr | ₹14 Cr | ₹12 Cr | ₹25 Cr | ₹-110 Cr |
| Net Profit | ₹-16 Cr | ₹-7 Cr | ₹170 Cr | ₹-5 Cr | ₹10 Cr | ₹5 Cr | ₹18 Cr | ₹-63 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹251 Cr | ₹449 Cr | ₹328 Cr | ₹245 Cr | ₹227 Cr | ₹350 Cr | ₹391 Cr | ₹480 Cr |
| EBITDA | ₹141 Cr | ₹190 Cr | ₹177 Cr | ₹43 Cr | ₹55 Cr | ₹-20 Cr | ₹67 Cr | ₹188 Cr |
| Net Profit | ₹23 Cr | ₹-38 Cr | ₹-16 Cr | ₹-114 Cr | ₹-376 Cr | ₹-210 Cr | ₹-112 Cr | ₹141 Cr |
| EPS | 3.3 | -4.56 | -1.54 | -14.15 | -46.3 | -24.45 | -13.49 | 16.22 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹2,569 Cr | ₹2,965 Cr | ₹3,324 Cr | ₹3,143 Cr | ₹2,846 Cr | ₹2,706 Cr | ₹2,734 Cr | ₹1,435 Cr |
| Total Liabilities | ₹1,394 Cr | ₹1,847 Cr | ₹2,213 Cr | ₹2,151 Cr | ₹2,244 Cr | ₹2,307 Cr | ₹2,448 Cr | ₹1,012 Cr |
| Equity | ₹1,175 Cr | ₹1,118 Cr | ₹1,111 Cr | ₹991 Cr | ₹602 Cr | ₹400 Cr | ₹286 Cr | ₹422 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹148 Cr | ₹303 Cr | ₹240 Cr | ₹53 Cr | ₹23 Cr | ₹259 Cr | ₹263 Cr | ₹72 Cr |
| Investing | ₹-1,031 Cr | ₹-365 Cr | ₹-157 Cr | ₹168 Cr | ₹196 Cr | ₹81 Cr | ₹-208 Cr | ₹-40 Cr |
| Financing | ₹881 Cr | ₹86 Cr | ₹-86 Cr | ₹-199 Cr | ₹-233 Cr | ₹-250 Cr | ₹-114 Cr | ₹-68 Cr |
| Free Cash Flow | ₹148 Cr | ₹303 Cr | ₹240 Cr | ₹53 Cr | ₹23 Cr | ₹259 Cr | ₹263 Cr | ₹72 Cr |
Shareholding
Promoter 51.97% Institutions 0.11% Public 47.92%
Efficiency & Working Capital
ROCE-6.5%
Interest Coverage3.5
Dividend Payout—
Debtor Days1 d
Inventory Days0 d
Payable Days4 d
Cash Conversion Cycle-3 d
Working Capital Days1 d
Shareholding Details
As of 2026-03-31
Promoter52%
FII0%
DII0.1%
Institutions0.1%
Public47.9%
Promoter Pledge22.9%
No. of Shareholders52,422
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 53.8% | 53.8% | 53.8% | 52.2% | 52.1% | 52% | 52% | 52% | 52% | 52% | 52% | 52% |
| FIIs | 0% | 0% | 0% | 0.1% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.3% | 0.3% | 0.3% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Public | 46% | 46% | 46% | 47.6% | 47.8% | 47.9% | 47.9% | 47.9% | 47.9% | 47.9% | 47.9% | 47.9% |
| Promoter Pledge | 22.2% | 2.2% | 22.2% | 22.8% | 22.9% | 22.9% | 22.9% | 22.9% | 22.9% | 22.9% | 22.9% | 22.9% |
| No. of Shareholders | 21,869 | 23,599 | 25,670 | 51,896 | 52,534 | 51,038 | 50,492 | 51,195 | 52,763 | 54,581 | 53,152 | 52,422 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Srei Venture Capital Trust A/c | Shareholding of Promoter and Promoter Group | 32.2% | 2.70 Cr |
| Srei Infrastructure Finance Limited | Shareholding of Promoter and Promoter Group | 19.8% | 1.66 Cr |
| Predicate Consultant Private Limited | Public Shareholding | 11.3% | 95,20,000 |
| Bristi Real-tech Private Limited | Public Shareholding | 7% | 58,92,575 |
| Gmr Business And Consultancy Llp | Public Shareholding | 4.8% | 40,05,272 |
| Anilraj Promoters & Fincon Private Limited | Public Shareholding | 2.1% | 17,55,556 |
| Jhilik Promoters And Fincon Private Limited | Public Shareholding | 1.4% | 11,31,727 |
| Manufacturing Value Addition Fund A/c Make In India Fund | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Ospl Infradeal Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Srei Infrastructure Finance Limited | 0 | 0% | 2026-03-31 |
| Srei Venture Capital Trust A/c | 99,99,400 | 37% | 2026-03-31 |
| Manufacturing Value Addition Fund A/c Make In India Fund | 0 | 0% | 2026-03-31 |
| Ospl Infradeal Private Limited | 0 | 0% | 2026-03-31 |
| Jhilik Promoters And Fincon Private Limited | 0 | 0% | 2026-03-31 |
| Anilraj Promoters & Fincon Private Limited | 0 | 0% | 2026-03-31 |
| Bristi Real-tech Private Limited | 0 | 0% | 2026-03-31 |
| Predicate Consultant Private Limited | 0 | 0% | 2026-03-31 |
| Gmr Business And Consultancy Llp | 0 | 0% | 2026-03-31 |
| Srei Infrastructure Finance Limited | 0 | 0% | 2025-12-31 |
| Srei Venture Capital Trust A/c | 99,99,400 | 37% | 2025-12-31 |
| Manufacturing Value Addition Fund A/c Make In India Fund | 0 | 0% | 2025-12-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Santanu Ray | Chairman & Independent Directo | 2025 |
| Manta Dey | Independent Non Exe. Director | 2025 |
| SHREE RAM TEWARI | Independent Non Exe. Director | 2025 |
| Rajesh Lihala | Independent Non Exe. Director | 2025 |
| Jaydeep Chakraborty | Independent Non Exe. Director | 2025 |
| Ankita Rathi | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Own, build, develop, design, operat | ₹0 Cr | — |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 100 | 84 | 84 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2024 | 118 | 0 | 0 | 2 | 0 | 120 |
| 2024 | 110 | 0 | 0 | 0 | 0 | 110 |
| 2024 | 0 | 0 | 0 | 2 | 0 | 2 |
Insider / Designated-Person Trades
8 recent disclosure(s)
Srei Venture Capital Trust Infrastructure Project Development CapitalDisposal · 2,88,054
Srei Venture Capital Trust Infrastructure Project Development CapitalDisposal · 90,000
Srei Venture Capital Trust Infrastructure Project Development CapitalDisposal · 1,25,000
Srei Venture Capital Trust - Infrastructure Project Development FundDisposal · 49,346
Manufacturing Value Addition Fund - Make In India FundDisposal · 1,20,000
Manufacturing Value Addition Fund - Make In India FundDisposal · 2,20,000
Substantial Acquisitions (SAST)
1 disclosure(s)
Off Market22/04/2024 · 23,26,200
Company Information
🌐 www.brnl.in ↗
📍 Vishwakarma Buiding 86 C, Topsia Road South Parganas Sou, Kolkata, West Bengal, 700046
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