Debut Plus

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:16.6626.5
Key Ratios
Checked 2h ago
Market 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
25174.9L
2025-11-25
2026-07-17

20-day avg volume: 15K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 23% YoY.
  • Stock trades below its book value.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 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)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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
EPS3.3-4.56-1.54-14.15-46.3-24.45-13.4916.22
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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.

PeriodJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters53.8%53.8%53.8%52.2%52.1%52%52%52%52%52%52%52%
FIIs0%0%0%0.1%0%0%0%0%0%0%0%0%
DIIs0.3%0.3%0.3%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%
Public46%46%46%47.6%47.8%47.9%47.9%47.9%47.9%47.9%47.9%47.9%
Promoter Pledge22.2%2.2%22.2%22.8%22.9%22.9%22.9%22.9%22.9%22.9%22.9%22.9%
No. of Shareholders21,86923,59925,67051,89652,53451,03850,49251,19552,76354,58153,15252,422
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Srei Venture Capital Trust A/cShareholding of Promoter and Promoter Group32.2%2.70 Cr
Srei Infrastructure Finance LimitedShareholding of Promoter and Promoter Group19.8%1.66 Cr
Predicate Consultant Private LimitedPublic Shareholding11.3%95,20,000
Bristi Real-tech Private LimitedPublic Shareholding7%58,92,575
Gmr Business And Consultancy LlpPublic Shareholding4.8%40,05,272
Anilraj Promoters & Fincon Private LimitedPublic Shareholding2.1%17,55,556
Jhilik Promoters And Fincon Private LimitedPublic Shareholding1.4%11,31,727
Manufacturing Value Addition Fund A/c Make In India FundShareholding of Promoter and Promoter Group0%0
Ospl Infradeal Private LimitedShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Srei Infrastructure Finance Limited00%2026-03-31
Srei Venture Capital Trust A/c99,99,40037%2026-03-31
Manufacturing Value Addition Fund A/c Make In India Fund00%2026-03-31
Ospl Infradeal Private Limited00%2026-03-31
Jhilik Promoters And Fincon Private Limited00%2026-03-31
Anilraj Promoters & Fincon Private Limited00%2026-03-31
Bristi Real-tech Private Limited00%2026-03-31
Predicate Consultant Private Limited00%2026-03-31
Gmr Business And Consultancy Llp00%2026-03-31
Srei Infrastructure Finance Limited00%2025-12-31
Srei Venture Capital Trust A/c99,99,40037%2025-12-31
Manufacturing Value Addition Fund A/c Make In India Fund00%2025-12-31
Board of Directors
NameDesignationYear
Santanu RayChairman & Independent Directo2025
Manta DeyIndependent Non Exe. Director2025
SHREE RAM TEWARIIndependent Non Exe. Director2025
Rajesh LihalaIndependent Non Exe. Director2025
Jaydeep ChakrabortyIndependent Non Exe. Director2025
Ankita RathiCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Own, build, develop, design, operat₹0 Cr
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹101008484
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20241180020120
20241100000110
2024000202
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
Incorporated2006
ChairmanSantanu Ray
AuditorS S Kothari Mehta & Co LLP
Investor Email[email protected]
🌐 www.brnl.in

📍 Vishwakarma Buiding 86 C, Topsia Road South Parganas Sou, Kolkata, West Bengal, 700046

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