Bharat Road Network Ltd
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]
- Market Cap ₹ 393 Cr.
- Current Price ₹ 46.8
- High / Low ₹ 98.5 / 38.6
- Stock P/E
- Book Value ₹ 19.9
- Dividend Yield 0.00 %
- ROCE 3.83 %
- ROE -46.1 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.57 times its book value
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | -7% |
3 Years: | 14% |
1 Year: | -28% |
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% |
Documents
Announcements
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Disclosure Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 - Development Related To Guruvayoor Infrastructure Private Limited (GIPL), A Subsidiary Of The Company
1 Jan - Guruvayoor Infrastructure defaults on ₹23.34 crore debt.
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Closure of Trading Window
1 Jan - Closure of trading window for insiders until financial results announcement.
-
Board Meeting Outcome for Appointment Of Cheif Financial Officer (CFO)
24 Dec - Appointment of Ms. Manisha Chandalia as CFO.
- Closure of Trading Window 24 Dec
-
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Disclosure W.R.T Solapur Tollways Private Limited, Wholly Owned Subsidiary Of The Company
21 Dec - NCLT admits petition for insolvency of Solapur Tollways.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
Concalls
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May 2018TranscriptPPT
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Feb 2018Transcript PPT
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Nov 2017TranscriptPPT
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.