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Bharat Road Network (BRNL) is loss-making over the last 12 months, losing ₹134 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹14.03, 47% below its 52-week high. Sales fell 22% a year over 3 years. Debt is 0.81× equity. It is a small-cap company with a market cap of ₹118 Cr, ranked 9th of 17 Infrastructure Operations companies by market cap; the shares fell 45% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹14.06
Day high
₹14.49
Day low
₹13.51
Prev. close
₹14.06
Volume
22.5K

Health check

1 fair · 5 to check
  • ReturnsBehind

    −44.6% over a year, better than 0 of 7 peers.

  • Price tagLoss-making

    Earnings were negative over the last 12 months.

  • GrowthShrinking

    Sales −22.1% a year over 3 years.

  • ProfitabilityNegative

    ROCE -6.3% vs peer median 22.9%.

  • Balance sheetFair

    Debt 0.81× equity, Piotroski 4 of 9.

  • Red flags4 to check

    Loss-making over the last twelve months.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Infrastructure Operations

16 listed peers. Screen the industry

Small cap

₹118 Cr, #9 of 17 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹155 Cr · profit ₹−134 Cr
Market cap
₹118 Cr
Small cap
P/E
n/a
Industry 13.5
Price to book
0.17
Peers 2.12
Dividend yield
0.00%
ROE
−8.1%
Peers 18.8%
ROCE
−6.3%
Peers 22.9%
Debt to equity
0.81
Debt ₹434 Cr
EPS (TTM)
−₹19.23
Face value ₹10
OPM (TTM)
−80.8%
Net margin −86.3%
Sales growth
+2.5%
Latest quarter vs a year ago
Profit growth
−1022.2%
Latest quarter vs a year ago
Price to sales
0.76
EV/EBITDA −2.6

Strengths and risks

Risks to check

  • Loss-making over the last twelve months.
  • Return on equity is low at −8.1%.
  • Quarterly profit down 1022.2% on a year ago.
  • 47% below its 52-week high.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Bharat Road Network

Bharat Road Network Limited operates as a Build Operate-Transfer (BOT) company that owns, designs, develops, builds, operates, and transfers road and related services in India. It also engages in the development, implementation, operation, and maintenance of road and highway projects. In addition, the company provides project development and implementation; tolling operation and maintenance; highway management and development; claim and contracts…

Headquarters
Kolkata
Employees
36
Sector
Industrials
ISIN
INE727S01012
Website
brnl.in

Price range

52 weeks

₹13.06₹26.50

Today

₹13.51₹14.49
Avg volume (3M)
26.9K
1-year return
minus 44.6%
From 52-week high
minus 47.1%

Peers · Infrastructure Operations

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
IRBIRB Infrastructure Developers17.02minus 0.93%20,55719.113.55.8%43.7%0.94−0.4%minus 23.1%
LCCPROJECTLCC Projects134.78plus 0.25%3,90413.19.045.2%14.0%0.6943.1%minus 20.8%
TECHNOCRAFTechnocraft Ventures510.30plus 0.95%2,02145.229.635.1%18.9%0.5524.6%plus 64.0%
BFUTILITIEBF Utilities440.75minus 3.56%1,66012.12.926.4%66.5%–7.7%minus 35.7%
HILINFRAHighway Infrastructure72.05plus 0.53%51719.419.619.4%2.3%0.4510.1%minus 7.2%
MARKOLINESMarkolines Pavement Technologies164.28minus 4.67%36513.57.4–10.2%0.439.2%plus 4.3%
ATLANTAAATLANTAA35.16minus 4.84%287–12.43.0%41.3%1.4813.0%minus 20.5%
BRNLBharat Road Network14.03minus 0.21%118––−6.3%−80.8%0.81−22.1%minus 44.6%
Median of 7 peers–−0.93%1,66016.312.422.9%18.9%0.6210.1%−20.5%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
46.217.14248.947.4
18.264.37.788.5121
28.1−47.234.3−39.6−73.2
60.7%−275.8%81.6%−81.0%−154.4%
4.866.68−48.56
00000
19.17.117.42220.1
13.812.324.9−110−87.3
3.1%1.0%−1.1%−0.1%0.1%
10.24.818.4−63−94.3
1.591.442.19-13.13-10.40

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−22.1%
ROE
−8.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
326380274154
–+16.4%minus 27.8%minus 43.7%
311233214177
15.114760.5−22.7
4.6%38.7%22.1%−14.7%
81.657.318.729.2
18118653.4–
56.881.974.165.6
−81.6−57.3182−0
−222−121134−59.1
7.6%6.5%−1.6%−0.6%
−210−112141−29.6
-24.96-13.3416.81-3.53

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
84848484
218106247319
1,4131,328434434
9911,216670599
2,7062,7341,4351,436
15.916.13.23.9
14.314.42.32.3
5.16.75.1–
14084.121.4126
2,5312,6131,4031,303
2,7062,7341,4351,436

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
25926471.4−126
80.8−208−40.3328
−250−114−68.2−80
90.5−57.4−37122
−8.4−104−52.2−7.2
25116019.2−133

Shareholding pattern

Source: NSE filings
51.7%
promoters
  • Promoters51.73%
  • Public48.27%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202651.73%48.27%0.00
30 Jun 202651.73%48.27%minus 0.24
31 Mar 202651.97%48.03%0.00
31 Dec 202551.97%48.03%0.00
30 Sep 202551.97%48.03%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you