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 ₹ 377 Cr.
- Current Price ₹ 44.9
- High / Low ₹ 98.5 / 26.0
- Stock P/E
- Book Value ₹ 22.6
- Dividend Yield 0.00 %
- ROCE 3.92 %
- ROE -45.5 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.53%
- Company has a low return on equity of -41.8% over last 3 years.
- Contingent liabilities of Rs.1,099 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 10 | 8 | 1 | 142 | 153 | 401 | 299 | 210 | 216 | 326 | 380 | |
| 3 | 10 | 9 | 4 | 173 | 172 | 248 | 116 | 163 | 266 | 322 | 242 | |
| Operating Profit | -2 | -0 | -1 | -3 | -32 | -18 | 153 | 184 | 46 | -50 | 4 | 138 |
| OPM % | -312% | -1% | -11% | -388% | -22% | -12% | 38% | 61% | 22% | -23% | 1% | 36% |
| 2 | 0 | 33 | 4 | 1 | 98 | 48 | 34 | 35 | -133 | 14 | 11 | |
| Interest | 17 | 51 | 41 | 50 | 31 | 44 | 205 | 193 | 167 | 182 | 184 | 188 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 34 | 36 | 39 | 43 | 57 | 82 |
| Profit before tax | -17 | -51 | -8 | -50 | -62 | 35 | -37 | -12 | -125 | -408 | -222 | -121 |
| 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 | |
| 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 |
| 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: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -17% |
| 5 Years: | % |
| 3 Years: | 2% |
| TTM: | 47% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -13% |
| 3 Years: | 11% |
| 1 Year: | 44% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -21% |
| 3 Years: | -42% |
| Last Year: | -45% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 55 | 84 | 84 | 84 | 84 | 84 | 84 | 84 |
| Reserves | 14 | 0 | -4 | -77 | 386 | 979 | 928 | 917 | 802 | 425 | 218 | 106 |
| 298 | 462 | 567 | 885 | 559 | 1,041 | 1,372 | 1,556 | 1,539 | 1,492 | 1,413 | 1,328 | |
| 6 | 43 | 56 | 18 | 231 | 465 | 581 | 767 | 717 | 845 | 991 | 1,216 | |
| Total Liabilities | 328 | 516 | 629 | 837 | 1,231 | 2,569 | 2,965 | 3,324 | 3,143 | 2,846 | 2,706 | 2,734 |
| 0 | 2 | 2 | 2 | 25 | 893 | 869 | 1,689 | 1,661 | 1,629 | 1,536 | 1,800 | |
| CWIP | 0 | 55 | 160 | 303 | 420 | 542 | 797 | 100 | 132 | 158 | 242 | 0 |
| Investments | 320 | 374 | 381 | 361 | 449 | 562 | 523 | 486 | 426 | 206 | 119 | 120 |
| 7 | 86 | 86 | 171 | 337 | 573 | 776 | 1,048 | 924 | 853 | 810 | 814 | |
| Total Assets | 328 | 516 | 629 | 837 | 1,231 | 2,569 | 2,965 | 3,324 | 3,143 | 2,846 | 2,706 | 2,734 |
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 | 44 | -208 | |
| 299 | 52 | -30 | 264 | 353 | 881 | 86 | -86 | -199 | -233 | -213 | -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 | 0 | |||||||||||
| 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 | -460 |
| ROCE % | -0% | 6% | 0% | -3% | 5% | 7% | 7% | 1% | -4% | -2% |
Documents
Announcements
- Disclosure Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 -Updates On Material Subsidiary - Receipt Of Chargesheet From The Additional Sessions Court (SPE/CBI)-III, Ernakulam By GIPL 1d
- Announcement under Regulation 30 (LODR)-Change in Directorate 8 Jun
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Secretarial Compliance Report under Regulation 24A of SEBI LODR Regulations, 2015 for the Financial Year ended 31st March, 2024
- Announcement under Regulation 30 (LODR)-Newspaper Publication 25 May
- Outcome Of Board Meeting - Board Meeting Dated 23Rd May, 2024 23 May
Annual reports
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.