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Bharat Road Network

BRNL NSE
₹13.57 down 0.01 (0.07%)
Market Cap
₹114 Cr

Bharat Road Network (BRNL) share price was ₹13.58 at the 28 Oct 2026 close; market capitalisation ₹114 Cr; sector Construction. The share price fell 40.1% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 2.4% year on year to ₹47.4 Cr and net profit was −₹87 Cr, against ₹13 Cr a year earlier (compared with Jun 2025). Promoters held 51.73% of Bharat Road Network in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 28/100 (Poor) as of 28 Oct 2026.

Close 28 Oct 2026 ₹13.58 −9.73 −41.74% 1Y

Key Fundamentals

MicrocapTransport InfrastructureServices
Market Cap
₹114 Cr
EBITDA
₹6.50 Cr
Return on Equity
-11.13%
Debt to Equity
1.08
Book Value
₹47.96
EPS (TTM)
−₹15.99
52W High
₹26.50
52W Low
₹13.06

Price-based figures as of 29 Oct 2026, 10:50 IST · EPS basis: Consolidated · TTM

Peer Comparison

Industrials › Construction › Civil Construction

L&T
₹3,805.0029.305,23,528 Cr4.631.04%14.91%16.35%3,08,675 Cr20,895 Cr
Rail Vikas Nigam
₹184.5342.8138,475 Cr3.920.94%8.87%10.98%21,603 Cr897 Cr
Kalpataru Projects International
₹1,335.5020.0622,807 Cr2.930.84%13.33%20.51%27,612 Cr1,129 Cr
Cemindia Projects
₹1,238.8035.3621,281 Cr6.010.25%24.91%40.04%10,372 Cr602 Cr
IRB Infrastructure Developers
₹16.1920.4919,554 Cr0.910.32%4.06%5.97%7,862 Cr954 Cr
NBCC
₹69.3725.3218,730 Cr6.200.21%23.09%29.73%13,132 Cr766 Cr
Engineers India
₹265.1018.9914,900 Cr4.742.00%21.99%28.08%4,197 Cr784 Cr
Bharat Road Network (this company)
₹13.57—114 Cr0.280.00%-11.13%-6.32%188 Cr-160 Cr
Median 8 companies₹224.8225.3220,418 Cr4.280.58%14.12%18.43%11,752 Cr841 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

28 Poor
Overall score

Data confidence 88/100

Category scores

Quality Poor 8
Returns, margins, earnings quality 22% weight
Valuation Average 45
Cheap vs sector & own history 24% weight
Growth Poor 1
Sales & profit trajectory 9% weight
Financial Health Poor 8
Solvency, leverage, coverage 9% weight
Momentum Poor 12
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Stock is trading at 0.28 times its book value

Weaknesses

5
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -5.93% over past five years.
  • Company has a low return on equity of -0.41% over last 3 years.
  • Contingent liabilities of Rs.3,088 Cr.
  • Company might be capitalizing the interest cost

Technical Indicators

Oscillators

Bearish

Bearish
2
Neutral
6
Bullish
1

Overall

Bearish

Bearish
12
Neutral
6
Bullish
1

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
-61.42% lower than 3Y

change over 1 year

Net Income Growth
-144% lower than 3Y

change over 1 year

Cash Flow Change
-276%

change over 1 year

EBITDA Margin Change
-93.58%

change over 1 year Operating margin -154% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
99
91
97
93
103
76
232
47
46
17
42
49
47
Expenses
47
98
49
49
53
68
54
42
18
64
8
88
121
Operating Profit
52
-7
49
44
50
8
177
5
28
-47
34
-40
-73
OPM %
53%
-7%
50%
47%
48%
11%
76%
11%
61%
-276%
82%
-81%
-154%
Other Income
2
2
2
5
5
5
7
6
5
67
8
-48
6
Interest
47
48
47
46
46
5
1
1
0
0
0
0
0
Depreciation
16
16
16
34
21
18
18
18
19
7
17
22
20
PBT
-9
-68
-12
-31
-13
-10
165
-8
14
12
25
-110
-87
Tax %
-22%
-3%
-16%
-6%
-16%
2%
0%
-10%
3%
1%
-1%
0%
0%
Net Profit
-7
-66
-10
-30
-11
-10
164
-7
13
12
25
-110
-87
EPS (₹)
-1.4
-6.64
-1.87
-3.42
-1.85
-0.85
20.2
-0.57
1.22
0.57
2.19
-7.51
-11.24
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
8
1
142
153
401
299
210
216
326
380
274
154
155
Expenses
9
4
173
172
248
116
163
266
322
242
218
179
281
Operating Profit
-1
-3
-32
-18
153
184
46
-50
4
138
57
-24
-126
OPM %
-11%
-388%
-22%
-12%
38%
61%
22%
-23%
1.3%
36%
21%
-16%
-81%
Other Income
33
4
1
98
48
34
35
-133
14
11
206
31
32
Interest
41
50
31
44
205
193
167
182
184
188
54
0
0
Depreciation
0
0
0
0
34
36
39
43
57
82
74
66
67
PBT
-8
-50
-62
35
-37
-12
-125
-408
-222
-121
134
-59
-160
Tax %
0%
0%
1%
33%
16%
9%
-5%
-5%
-8%
-6%
-2%
1%
—
Net Profit
-26
-93
-62
23
-44
-13
-119
-389
-205
-113
136
-59
-160
EPS (₹)
-26.42
-92.54
-11.4
2.78
-4.56
-1.9
-13.61
-44.83
-24.96
-13.34
16.81
-3.53
-15.99
Div. Payout %
0%
0%
0%
36%
-11%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-32
-35
-9
143
296
238
51
22
259
264
71
-126
Investing
38
-215
-333
-1,031
-365
-157
168
196
81
-208
-62
328
Financing
-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/EBITDA
3,500
1,157
26
-801
198
130
114
-47
6,047
191
128
474
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
85
1,124
12
247
90
144
236
233
66
0
1
3
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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Bharat Road Network insights

74 extracted metrics + investor summaries across FY14–FY27.

Shareholding Pattern

DIIs0.17%Promot.51.73%Public19.24%Others28.86%As ofSep 2026
23.03% of promoter holding pledged as of Sep 2026

Documents

Frequently Asked Questions about Bharat Road Network

What does Bharat Road Network Ltd do?
Incorporated in 2006, Bharat Road Network Ltd is in the business of designing, building, operating, maintaining and carrying out all other activities pertaining to road projects, under the aforesaid SPV model[1]
Where is Bharat Road Network Ltd (BRNL) listed?
Bharat Road Network Ltd trades as BRNL on the NSE and under code 540700 on the BSE.
Which sector does Bharat Road Network Ltd belong to?
Bharat Road Network Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the market capitalisation of Bharat Road Network Ltd?
Bharat Road Network Ltd has a market capitalisation of ₹113.92 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the 52-week high and low of Bharat Road Network Ltd?
Over the last 52 weeks Bharat Road Network Ltd has traded between ₹13.06 and ₹26.5 as of 29 Oct 2026.
What is the Return on Equity (ROE) of Bharat Road Network Ltd?
Bharat Road Network Ltd reported a return on equity of -11.13%. Its debt-to-equity ratio is 1.08.

Company Information

Incorporated in 2006, Bharat Road Network Ltd is in the business of designing, building, operating, maintaining and carrying out all other activities pertaining to road projects, under the aforesaid SPV model[1]

Website brnl.in
CEO Ms. Manisha Chandalia
Employees 36
Listed 2017-09-18
Face Value ₹ 10
Shares Outstanding 8,39,50,000

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