Bharat Road Network Ltd

Bharat Road Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bharat Road Network Ltd

₹ 41.0 -3.28%
22 Nov 4:00 p.m.
brnl.in BSE: 540700 NSE: BRNL
About

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]

Key Points

Business Overview:[1]
BRNL is an Indian road BOT company specializing in developing, implementing, operating, and maintaining highways and road projects. It functions as a developer and operator for such projects on a BOT basis in Kerala and Maharashtra, partnering with experienced local EPC players in the respective project locations.

Website BSE NSE
  • Market Cap ₹ 344 Cr.
  • Current Price ₹ 41.0
  • High / Low ₹ 98.5 / 39.6
  • Stock P/E
  • Book Value ₹ 19.9
  • Dividend Yield 0.00 %
  • ROCE 3.83 %
  • ROE -46.1 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -41.9% over last 3 years.
  • Contingent liabilities of Rs.1,616 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Infrastructure Developers & Operators Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
57 71 44 68 67 97 94 99 91 97 93 103 76
44 23 17 14 23 167 109 47 98 49 49 53 68
Operating Profit 13 48 27 54 44 -70 -15 52 -7 49 44 50 8
OPM % 22% 67% 61% 79% 66% -72% -16% 53% -7% 50% 47% 48% 11%
2 1 -142 11 6 -5 2 2 2 2 5 5 5
Interest 45 47 45 46 45 46 46 47 48 47 46 46 5
Depreciation 11 11 13 13 13 15 15 16 16 16 34 21 18
Profit before tax -42 -9 -173 6 -9 -136 -74 -9 -68 -12 -31 -13 -10
Tax % -17% 13% -7% -60% -0% -6% -7% -22% -3% -16% -6% -16% 2%
-34 -13 -303 0 -9 -128 -69 -7 -66 -10 -30 -11 -10
EPS in Rs -3.73 -1.32 -35.79 -0.41 -1.53 -15.83 -7.20 -1.40 -6.64 -1.87 -3.42 -1.85 -0.85
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1 10 8 1 142 153 401 299 210 216 326 380 369
3 10 9 4 173 172 248 116 163 266 322 242 219
Operating Profit -2 -0 -1 -3 -32 -18 153 184 46 -50 4 138 150
OPM % -312% -1% -11% -388% -22% -12% 38% 61% 22% -23% 1% 36% 41%
2 0 33 4 1 98 48 34 35 -133 14 11 17
Interest 17 51 41 50 31 44 205 193 167 182 184 188 145
Depreciation 0 0 0 0 0 0 34 36 39 43 57 82 89
Profit before tax -17 -51 -8 -50 -62 35 -37 -12 -125 -408 -222 -121 -67
Tax % 0% 0% 0% 0% 1% 33% 16% 9% -5% -5% -8% -6%
-17 -61 -26 -93 -62 23 -44 -13 -119 -389 -205 -113 -61
EPS in Rs -16.88 -60.76 -26.42 -92.54 -11.40 2.78 -4.56 -1.90 -13.61 -44.83 -24.96 -13.34 -7.99
Dividend Payout % 0% 0% 0% 0% 0% 36% -11% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 44%
5 Years: -1%
3 Years: 22%
TTM: -3%
Compounded Profit Growth
10 Years: -18%
5 Years: %
3 Years: 1%
TTM: 77%
Stock Price CAGR
10 Years: %
5 Years: -8%
3 Years: 15%
1 Year: 1%
Return on Equity
10 Years: %
5 Years: -21%
3 Years: -42%
Last Year: -46%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 10 10 10 55 84 84 84 84 84 84 84 84
Reserves 14 0 -4 -77 386 979 928 917 802 425 218 106 83
298 462 567 885 559 1,041 1,372 1,556 1,539 1,492 1,413 1,328 1,310
6 43 56 18 231 465 581 767 717 845 991 1,216 1,240
Total Liabilities 328 516 629 837 1,231 2,569 2,965 3,324 3,143 2,846 2,706 2,734 2,716
0 2 2 2 25 893 869 1,689 1,661 1,629 1,536 1,453 1,821
CWIP 0 55 160 303 420 542 797 100 132 158 242 347 0
Investments 320 374 381 361 449 562 523 486 426 206 119 120 119
7 86 86 171 337 573 776 1,048 924 853 810 814 776
Total Assets 328 516 629 837 1,231 2,569 2,965 3,324 3,143 2,846 2,706 2,734 2,716

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1 19 -32 -35 -9 143 296 238 51 22 259 364
-296 -46 38 -215 -333 -1,031 -365 -157 168 196 81 -208
299 52 -30 264 353 881 86 -86 -199 -233 -250 -214
Net Cash Flow 4 25 -24 14 11 -7 17 -5 20 -15 90 -57

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 242 100 85 1,124 12 247 90 144 236 233 66 0
Inventory Days
Days Payable
Cash Conversion Cycle 242 100 85 1,124 12 247 90 144 236 233 66 0
Working Capital Days -1,385 -1,244 -1,877 5,451 33 -274 -47 10 188 26 -217 -481
ROCE % -0% 6% 0% -3% 5% 7% 7% 1% -4% -2% 4%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
53.76% 53.76% 53.76% 53.76% 53.76% 53.76% 53.76% 53.76% 53.76% 52.23% 52.10% 51.97%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.00% 0.01%
46.24% 46.24% 46.24% 46.24% 46.24% 46.24% 46.24% 46.24% 46.24% 47.70% 47.89% 48.04%
No. of Shareholders 17,76121,90721,45021,18921,84021,82521,86923,59925,67051,89652,53451,038

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Concalls