Bharat Road Network Ltd
NSE: BRNL · Civil Construction · sector
₹14.79NSE close 2026-10-26
Key numbers
Market cap₹81 cr
Price₹14.79
52w high / low₹26 / ₹14
P/E–Sector median 12.2x
P/B0.2xSector median 1.3x
Book value₹73.6
Dividend yield–Sector median 0.76%
ROE-36.6%Sector median 10.2%
ROCE-19.1%Sector median 12.9%
OPM-80.8%Sector median 10.7%
Debt / equity1.08xSector median 0.36x
EV/EBITDA–Sector median 8.8x
Interest cover-6,847.1x
Current ratio1.58x
Sales growth 3y-22.1%Sector median +6.7%
Profit growth 3y–Sector median +5.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹350 cr vs borrowings ₹434 cr (FY26): borrowings are higher by ₹84 cr.
- Operating profit covered interest -6,847.1x in the last 12 months.
- 23.03% of the promoters' shares are pledged (11.9% of all shares).
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY25).
- Net loss in 4 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- No dividend in the last 5 financial years.
- Price ₹14.79 on 2026-10-26: -44.2% from the 52-week high, +4.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹49.49 · low ₹14.79
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 76 | 48 | 47 | 46 | 17 | 42 | 49 | 47 |
| EBITDA | 8 | -7 | 5 | 28 | -47 | 34 | -40 | -73 |
| OPM % | 10.9% | -14.0% | 11.1% | 60.7% | -275.8% | 81.6% | -81.0% | -154.5% |
| Other income | 5 | 190 | 6 | 5 | 67 | 8 | -48 | 6 |
| Net profit | -7 | 170 | -5 | 10 | 5 | 18 | -63 | -94 |
| EPS (₹) | -1.21 | 19.57 | -0.85 | 1.59 | 1.44 | 3.00 | -13.13 | -10.40 |
| Revenue YoY | -77.6% | -11.9% | +3.5% | +2.5% | ||||
| Profit YoY | – | -89.1% | – | -1,022.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 216 | 326 | 380 | 274 | 154 | 155 |
| EBITDA | -56 | 3 | 138 | 57 | -24 | -126 |
| Net profit | -376 | -210 | -112 | 141 | -30 | -134 |
| EPS (₹) | -46.30 | -24.45 | -13.49 | 16.22 | -7.08 | -19.09 |
| Revenue growth | +50.8% | +16.4% | -27.8% | -43.7% | -28.5% | |
| Profit growth | – | – | – | -121.0% | -179.9% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -22.1% | – | -28.5% |
| Net profit | – | – | -179.9% |
| EPS | – | – | – |
| Share price | – | -42.5% (2y) | -40.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 302 | 190 | 331 | 403 |
| Borrowings | – | 1,239 | 1,328 | 434 | 434 |
| Cash & equivalents | – | 222 | 276 | 223 | 350 |
| Total assets | – | 2,706 | 2,734 | 1,435 | 1,436 |
| Fixed assets | – | 2 | 2 | 1 | 2 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 98 | 98 | 98 | 93 |
| Receivables | – | 59 | 0 | 1 | 1 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 4 | 4 | 3 | 3 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 22 | 259 | 364 | 71 | -126 |
| Cash from investing | 196 | 44 | -208 | -40 | 328 |
| Cash from financing | -233 | -213 | -214 | -68 | -80 |
| Capex | 28 | 8 | 104 | 52 | 7 |
| Free cash flow | -6 | 251 | 260 | 19 | -133 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -69.3% | -58.9% | 42.7% | -7.4% |
| ROCE % | – | -1.9% | 4.4% | 24.6% | -7.1% |
| Debtor days | – | 66 | 0 | 1 | 3 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 5 | 4 | 4 | 8 |
| Cash conversion cycle (days) | – | 61 | -4 | -3 | -5 |
| Working capital days | – | -163 | -579 | -170 | 691 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 51.73% |
| FIIs | 0.00% |
| DIIs | 0.17% |
| Public (non-institutions) | 48.10% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 51.97% | 51.97% | 51.97% | 51.97% | 51.97% | 51.97% | 51.73% | 51.73% |
| Promoter group | % |
|---|---|
| Srei Venture Capital Trust | 31.92% |
| Srei Infrastructure Finance Limited | 19.81% |
| Manufacturing Value Addition Fund A/C Make in India Fund | 0.00% |
| Ospl Infradeal Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Predicate Consultant Private Limited | 11.34% |
| Bristi Real-tech Private Limited | 7.02% |
| GMR Business and Consultancy LLP | 4.77% |
| Anilraj Promoters & Fincon Private Limited | 2.09% |
| Jhilik Promoters and Fincon Private Limited | 1.35% |
50,447 shareholders. Pledged: 23.03% of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| BRNL | ₹81 cr | – | 0.2x | -36.6% | -19.1% | -80.8% | -22.1% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2019-12-05 | Dividend | Dividend - Rs 0.50 Per Share |
| 2018-09-19 | Dividend | Dividend Re 0.50 Per Share |
| 2017-11-16 | Dividend | Interim Dividend - Re 0.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | BRNL |
| BSE code | 540700 |
| ISIN | INE727S01012 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.