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Bharat Road Network

Bharat Road Network

NSE: BRNLBSE 540700Industrialsbrnl.in
View MapTV Chart
19.04
0.26+1.38%
DAY19
₹19.04
19
52W17
₹19.04
27
Open19.40
Prev Close18.78
Bid19.02100
Ask19.06100
Volume40.1K+11%vs 20D avg
Market Cap
Promoter Hold.52%
Face Value₹10
Fwd P/E
PEG
EV/EBITDA8.47
P/S
ROA
Beta
Div Payout
Valuation

Bharat Road Network Ltd valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for Bharat Road Network Ltd, framed against the sector median so the premium or discount is obvious at a glance.

Bharat Road Network Ltd trades at a P/E of 5.87× and P/B of 0.15×.

Key MetricsLive · as of 09 Jun 2026
the price tag

Valuation

Market Cap
P/E Ratio
good5.87
P/B Ratio
EPS
3.29
the engine

Profitability

ROE
%
ROCE
good15.1%
Net Margin
good18.11%
Op Margin
good40.25%
the trajectory

Growth

EPS YoY
watch-84.7%
Revenue YoY
watch-11.9%
Qtr Sales
watch-55.1%
Qtr Profit
good166%
the balance sheet

Financial Health

Debt / Equity
watch77.33
Book Value
125.19
Div Yield
%
Promoter Hold.
good52%
Financials

Bharat Road Network Ltd financials: P&L, balance sheet, cash flow, ratios.

Twelve years of audited numbers for Bharat Road Network Ltd, switchable between annual and quarterly views, consolidated or standalone.

Bharat Road Network Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current reported EPS of ₹3.29.

all values in ₹ Cr unless suffixed · source: company filings
Segment Analysis

Bharat Road Network segment analysis: revenue and profit mix.

Disclosed business segments at Bharat Road Network with their share of revenue and profit, switchable between consolidated and standalone reporting.

Bharat Road Network discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.

Segment-wise Financial Analysis

Investment Thesis

Bharat Road Network Ltd investment thesis: bull case, bear case, and the flip lines.

Why someone would buy Bharat Road Network Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.

Bharat Road Network Ltd's investment case rests on 6 positive markers and 8 flagged concerns drawn from the latest reported filings.

bull case

What you're getting.

  • Bharat Road Network Ltd. demonstrates exceptional operational efficiency with a robust Operating Profit Margin (OPM) of 54.50% and an impressive Return on Equity (ROE) of 53.70%, indicating strong profitability and effective capital utilization.

  • The company appears significantly undervalued, trading at a very low Price-to-Earnings (P/E) ratio of 1.17 and below its book value at 0.59, suggesting potential for a substantial re-rating compared to its intrinsic worth.

  • Promoter holding remains stable at 52%, reflecting management confidence. Furthermore, the company reported a substantial 166.00% increase in quarterly profit, signaling a positive turnaround in recent financial performance.

  • As a civil construction company, BRNL is well-positioned to capitalize on the broader infrastructure development push in the country, with government spending and private investment driving demand for road network projects.

  • Given its significantly lower P/E ratio of 1.17 compared to industry peers (e.g., LT at 33.87, RVNL at 58.20), there is a strong opportunity for a valuation re-rating if the company's performance stabilizes and improves.

bear case

What can break it.

  • Bharat Road Network carries a high debt-to-equity ratio of 1.31, which could pose significant financial risk, potentially limiting future growth opportunities and resilience during adverse economic conditions.

  • Recent quarterly sales have experienced a sharp decline of 55.10%, raising concerns about the consistency of revenue generation and potential challenges in market demand for the company's services in the near term.

  • The current stock price of 23.30 is near its 52-week low of 17.40, a substantial drop from its 52-week high of 53.90, indicating considerable price depreciation and heightened investor uncertainty.

  • FII and DII holdings are notably negligible, ranging from 0.00% to 0.11%. This suggests a lack of significant confidence from institutional investors, which may impact the stock's liquidity and long-term stability.

  • The civil construction sector is highly competitive, with larger players like Larsen & Toubro and Rail Vikas potentially outbidding BRNL for major projects, which could impact its market share and revenue generation.

flip conditions

What would change my mind.

  • Trim if P/E re-rates above 8. The valuation cushion thins from there.

  • Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.

  • Watch interest coverage if debt-to-equity climbs above 77.83. Balance sheet risk re-prices growth multiples fast.

Shareholding

Bharat shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in Bharat — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

Loading shareholding data...

Peers

Bharat Road Network Ltd peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Bharat Road Network Ltd is highlighted for quick read-across.

Quick Compare

Largest by Market Cap
Larsen & Toubro Ltd
5.89L ₹ Cr
Best Profit Growth
Hindustan Construction Company Ltd
2162.00 %
Highest Dividend Yield
Rites Ltd
3.44 %

Peer Comparison

Company Name
AHLUCONT
Ahluwalia Contracts (India) Ltd
ASHOKA
Ashoka Buildcon Ltd
BGRENERGY
BGR Energy Systems Ltd
BLKASHYAP
B.L.Kashyap & Sons Ltd
BRNL
Bharat Road Network LtdCurrent Stock
CAPACITE
Capacite Infraprojects Ltd
CEIGALL
Ceigall India Ltd
CEMPRO
DBL
Dilip Buildcon Ltd
ENGINERSIN
Engineers India Ltd
GPTINFRA
GPT Infraprojects Ltd
GRINFRA
G R Infraprojects Ltd
HCC
Hindustan Construction Company Ltd
HGINFRA
H.G. Infra Engineering Ltd
INTERARCH
Interarch Building Solutions Ltd
IRB
IRB Infrastructure Developers Ltd
IRCON
Ircon International Ltd
ISGEC
ISGEC Heavy Engineering Ltd
JKIL
J Kumar Infraprojects Ltd
KEC
K E C International Ltd
KNRCON
KNR Constructions Ltd
KPIL
Kalpataru Projects International Ltd
KRIDHANINF
Kridhan Infra Ltd
LIKHITHA
Likhitha Infrastructure Ltd
LT
Larsen & Toubro Ltd
MADHUCON
Madhucon Projects Ltd
MANINFRA
Man Infraconstruction Ltd
MBLINFRA
MBL Infrastructure Ltd
MOLDTECH
Mold-Tek Technologies Ltd
NBCC
NBCC (India) Ltd
NCC
NCC Ltd
NIRAJ
Niraj Cement Structurals Ltd
OMINFRAL
Om Infra Ltd
PATELENG
Patel Engineering Ltd
PNCINFRA
PNC Infratech Ltd
POWERMECH
Power Mech Projects Ltd
PSPPROJECT
PSP Projects Ltd
RAMKY
Ramky Infrastructure Ltd
RITES
Rites Ltd
RPPINFRA
RPP Infra Projects Ltd
RVNL
Rail Vikas Nigam Ltd
SADBHAV
Sadbhav Engineering Ltd
SADBHIN
Sadbhav Infrastructure Projects Ltd
SEMAC
Semac Construction Ltd
SEPC
SEPC Ltd
SIMPLEXINF
Simplex Infrastructures Ltd
SPMLINFRA
SPML Infra Ltd
SRM
SRM Contractors Ltd
SUPREMEINF
Supreme Infrastructure India Ltd
SWSOLAR
Sterling & Wilson Renewable Energy Ltd
TARMAT
Tarmat Ltd
TECHNOE
Techno Electric & Engineering Company Ltd
TICL
Twamev Construction & Infrastructure Ltd
TPHQ
Teamo Productions HQ Ltd
USK
Udayshivakumar Infra Ltd
VPRPL
Vishnu Prakash R Punglia Ltd
WELENT
Welspun Enterprises Ltd
WSI
W S Industries (India) Ltd
ZODIAC
Zodiac Energy Ltd
Technicals

Bharat Road Network Ltd technical analysis: indicators, pivots and CPR.

Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Bharat Road Network Ltd — derived from the live tape, not yesterday's close.

Bharat Road Network Ltd last traded at ₹19.04 with an intraday range of ₹18.8–₹19.4 — live indicator, pivot and CPR signals below.

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Live: ₹19.04
LevelPrice (₹)Distance% Δ
R420.56+1.52+7.98%
R319.96+0.92+4.83%
R219.68+0.64+3.36%
R119.36+0.32+1.68%
PIVOT19.080.040.21%
CURRENT19.04
S117.56-1.48-7.77%
S218.16-0.88-4.62%
S318.48-0.56-2.94%
S418.76-0.28-1.47%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 19.06P: 19.08TC: 19.10
R1
R2
R3
R4
indicator
LTP: 19.04
PDH: 19.59
PDL: 18.51
● Market Sentiment

BRNL is trading Below CPR, indicating Bearishness

● CPR Width

CPR is Average

● Opening Range

Day's range: 18.99 ~ 19.4

● Price Position

Trading Inside opening range

Delivery & Volume

Bharat Road Network Ltd delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for Bharat Road Network Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in Bharat Road Network Ltd stood at 74.0% of traded volume, against a 20-day average of 69.4%.

Avg Delivery (20D)69.4%+4.6 ppt latest vs avg
Highest Delivery85.7%on 15 May
Avg Volume (20D)36.0 K20-day run-rate
Conviction Trend↑ Strengthening+4.6 ppt latest read
Volume & Delivery · last 20 sessions
Filings & Concalls

Bharat Road Network announcements: results, concalls, ratings, M&A.

Filings Bharat Road Network sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.

Corporate Actions

Bharat Road Network dividend history, splits and bonus issues.

Every dividend, stock split and bonus issue Bharat Road Network has declared, sequenced by announce and record date.

Bharat Road Network corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.

About the Company

About Bharat Road Network Ltd: business, sector, key facts.

What Bharat Road Network Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

Bharat Road Network Ltd operates in the Industrials, listed as NSE: BRNL, BSE: 540700.

BRNL
Industrials

Bharat Road Network Ltd

NSE · BRNL·BSE · 540700·brnl.in

Bharat Road Network Limited (BRNL) is an Indian company primarily engaged in the road infrastructure sector. Its core business revolves around the entire lifecycle of road projects, from initial conception and design to construction, operation, and maintenance. This comprehensive approach allows BRNL to control various aspects of a project, maximizing efficiency and profitability.

BRNL's involvement in project development and implementation encompasses a range of activities. This includes undertaking feasibility studies, obtaining necessary approvals and permits, securing funding, and overseeing the actual construction process. The company's expertise extends to various aspects of engineering, procurement, and construction (EPC) management, ensuring projects are completed on time and within budget.

A significant portion of BRNL's operations focuses on tolling operations and highway management. Once a road project is completed, BRNL takes on the responsibility of managing the toll collection process and maintaining the overall functionality of the highway. This includes routine upkeep, repairs, and ensuring the safety and efficiency of the road network for users. Effective management in this area is crucial for maximizing revenue streams and maintaining the long-term viability of the infrastructure.

Beyond direct road construction and operation, BRNL also provides advisory and project management services to other companies in the sector. This includes offering expertise in construction supervision, a critical role in ensuring projects adhere to quality standards and timelines. BRNL's experience in securing financing through debt syndication also adds value to their advisory services, enabling them to assist clients in navigating the financial complexities of large-scale infrastructure projects. This diversification of services demonstrates BRNL's commitment to a comprehensive and sustainable presence in the Indian road infrastructure market.

In summary, BRNL operates across the full spectrum of road development and management in India. Their integrated approach, encompassing design, construction, operation, and advisory services, positions them as a significant player within the country's growing infrastructure sector. The company's longevity, since its incorporation in 2006, underscores its established presence and continued contributions to the development of India's road network.

company facts
Founded / IPO
Employees36
SectorIndustrials
HeadquartersKolkata, India
Market Cap
Listed OnNSE
leadership16 on record
Mr. Anirup Sen
Chief Executive Officer
Ms. Ankita Rathi
Compliance Officer, Company Secretary
Mr. Jaydeep Chakraborty
Independent Director
Mr. Rajesh Lihala
Additional Independent Director
Dr. Manta Dey
Additional Non-Executive Independent Director
Prof. Santanu Ray
Non-Executive Independent Director
Mr. Shree Ram Tewari
Non-Executive Independent Director
Mr. Naresh Mathur
Investor Relations
Mr. Bajrang Kumar Choudhary
Managing Director
Mr. Anirup Sen
Chief Executive Officer
Sanjay Sahoo
Senior Executive
Mr. Amitabh Kumar Jha
Managing Director
§ ∞ · Plainly Answered

Questions investors ask about Bharat Road Network Ltd (BRNL).

Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.

01What is the current share price of Bharat Road Network Ltd (BRNL)?

The current share price of Bharat Road Network Ltd (BRNL) is ₹19.04. Today, the stock has gained by ₹0.26 (1.38%), trading in a range of ₹18.8 to ₹19.4. The stock opened at ₹19.4 with a trading volume of 40,113 shares.

02Is Bharat Road Network Ltd stock a good investment for long-term?

Bharat Road Network Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹0 crores, P/E ratio of 5.87, ROE of 0.00%, and ROCE of 15.10%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.

03What is the 52-week high and low price of Bharat Road Network Ltd stock?

The 52-week high price of Bharat Road Network Ltd (BRNL) is ₹26.5, while the 52-week low is ₹16.66. Currently trading at ₹19.04, the stock is 24.2% away from its 52-week low and 28.2% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.

04Should I buy Bharat Road Network Ltd stock at the current price?

Whether to buy Bharat Road Network Ltd stock at ₹19.04 depends on multiple factors. The stock is currently trading with a P/E ratio of 5.87 and P/B ratio of N/A. Today's performance shows a gain of 1.38%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.

05What is the dividend yield of Bharat Road Network Ltd and when is the next dividend?

Bharat Road Network Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹19.04, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.

06What are the key financial ratios and metrics of Bharat Road Network Ltd?

Bharat Road Network Ltd's key financial metrics include: P/E Ratio: 5.87, P/B Ratio: N/A, ROE: 0.00%, ROCE: 15.10%, Dividend Yield: 0.00%, EPS: ₹3.29, Book Value: ₹125.19, Debt-to-Equity: 77.33, and Current Ratio: N/A. The company's market cap stands at ₹0 crores. These metrics help evaluate the company's valuation, profitability, and financial health.

07How is Bharat Road Network Ltd stock performing today in the market?

Bharat Road Network Ltd stock opened at ₹19.4 and is currently trading at ₹19.04, showing a gain of ₹0.26 (1.38%). The intraday high is ₹19.4 and low is ₹18.8. The trading volume stands at 40,113 shares, indicating moderate market participation today.

08What is the P/E ratio of Bharat Road Network Ltd and what does it indicate?

Bharat Road Network Ltd has a Price-to-Earnings (P/E) ratio of 5.87, which means investors are willing to pay ₹5.87 for every ₹1 of earnings. With an EPS of ₹3.29, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.

Disclaimer

The data, ratios and commentary about Bharat Road Network Ltd (BRNL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.