Bharat Road Network financials

Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹47.4cr+2.5% on Q1 FY26
Net profit
−₹87.3cr₹13.4 cr in Q1 FY26
EBITDA margin
−154.4%−215.1 pts on Q1 FY26
EPS
−₹10.40₹1.59 in Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue47.446.2+2.5%
EBITDA−73.228.1—
EBITDA margin−154.4%60.7%−215.1 pts
Profit before tax−87.313.8—
Net profit−87.313.4—
EPS−₹10.40₹1.59—

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹47.4 crNet profit₹−87.3 crNet margin−184.1%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
115————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
12612621.484.1140
13213291.496.197.3
4344344341,3281,239
555————
155154274380326
—−43.7%−27.8%+16.4%—
−126−24.456.613812.8
−80.8%−15.8%20.6%36.3%3.9%
−192−90.0−17.555.8−44.0
−160−59.5136−113−205
−103.0%−38.5%49.6%−29.8%−62.9%
−₹15.99−₹3.53₹16.81−₹13.34−₹24.96
—−121.0%+226.0%+46.6%—
—−12671.4365259
—−7.2−52.2−104−8.4
−133−13319.2260251
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

BRNL₹13.71

Bharat Road Network Limited

· Infrastructure
₹ CrorePeersTARMATSADBHAVNIRAJUSKBCPLSEMACRPPINFRAGLOBECIVILMcap ₹115 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————115.1
- Cash, Equiv & ST Investments140.084.121.4126.0126.0
+ Minority Interest97.396.191.4131.8131.8
+ Total Debt1,239.41,328.1434.3434.3434.3
Enterprise Value————555.2
Revenue326.3379.7274.3154.3155.4
Growth %, YoY—+16.4-27.8-43.7—
EBITDA12.8137.756.6-24.4-125.6
Margin %3.9236.2620.63-15.80-80.83
EBIT-44.055.8-17.5-90.0-192.3
Net Income-205.2-113.2136.1-59.5-160.1
Margin %-62.89-29.8249.63-38.53-102.98
EPS, Adj (current shares)-24.96-13.3416.81-3.53-15.99
Growth %, YoY—+46.6+226.0-121.0—
Cash from Operations259.4364.571.4-125.7—
Capital Expenditures-8.4-104.1-52.2-7.2—
Free Cash Flow251.0260.419.2-132.9-132.9
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Bharat Road Network financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Bharat Road Network (NSE: BRNL) had a market capitalisation of ₹116 crore at the 29 October 2026 close (₹13.83 a share) and a price-to-book ratio of 0.29. In FY26 its consolidated net loss was ₹29.6 crore on revenue of ₹154 crore; in Q1 FY27 (April–June 2026) it was a loss of ₹94.3 crore. Its debt-to-equity ratio was 0.81 on 31 March 2026. Promoters held 51.73% of the shares on 30 September 2026.

Share price used
₹13.83 · 29 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Bharat Road Network at a glance · consolidated

Market cap
₹116 Crat ₹13.83 · 29 Oct close
PE ratio
n/aloss over the last 4 quarters
Price to book (PB)
0.29book value ₹47.96 a share
ROE (FY26)
−8.1%−62.3 pts vs FY25ROCE −10.3%
Debt to equity
0.81net debt ₹84.2 Cr
Promoter holding
51.73%unchanged vs 30 Jun 202630 September 2026
Net worth
₹403 Cr+21.7% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
−₹133 Cr
EPS (FY26)
−₹7.08

Questions

What is the Bharat Road Network PE ratio today?

Bharat Road Network's PE ratio is not meaningful at the 29 October 2026 close: its consolidated net profit attributable to shareholders over the last four quarters (Q2 FY26 to Q1 FY27) was a loss of ₹134 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹116 crore at ₹13.83 a share.

What is the Bharat Road Network PB ratio (price to book value)?

Bharat Road Network's price-to-book (PB) ratio is 0.29 at the 29 October 2026 close: a market capitalisation of ₹116 crore divided by shareholders' equity (book value) of ₹403 crore on 31 March 2026. That is a book value of ₹47.96 per share against a share price of ₹13.83.

What is the Bharat Road Network ROE and ROCE?

In FY26, Bharat Road Network's return on equity (ROE) was −8.1% and its return on capital employed (ROCE) was −10.3%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 54.2% and ROCE −1.5%.

What is the Bharat Road Network market cap?

Bharat Road Network's market capitalisation was ₹116 crore at the 29 October 2026 close: 8.4 crore shares at ₹13.83 each.

Is Bharat Road Network debt free?

No. Bharat Road Network had borrowings of ₹434 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.81. Its cash and current investments were ₹350 crore, so its net debt was ₹84.2 crore.

What is the Bharat Road Network EPS?

Bharat Road Network's basic earnings per share (EPS) were −₹7.08 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to −₹19.09.

What is the Bharat Road Network debt to equity ratio?

Bharat Road Network's debt-to-equity ratio was 0.81 on 31 March 2026: borrowings of ₹434 crore against total equity of ₹534 crore. A year earlier, on 31 March 2025, it was 1.03.

What is the Bharat Road Network net worth?

Bharat Road Network's net worth — shareholders' equity in its consolidated balance sheet — was ₹403 crore on 31 March 2026, up 21.7% from ₹331 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹116 crore at the 29 October 2026 close.

What is the Bharat Road Network promoter holding?

Promoters held 51.73% of Bharat Road Network on 30 September 2026, unchanged from the previous quarter and down 0.24 percentage points from 51.97% a year earlier, according to the shareholding pattern filed with NSE.

What is the Bharat Road Network book value per share?

Bharat Road Network's book value per share was ₹47.96 on 31 March 2026: shareholders' equity of ₹403 crore divided by the 8.4 crore shares in issue, up 21.7% from ₹39.40 a year earlier. The share price at the 29 October 2026 close was ₹13.83.

What is the Bharat Road Network free cash flow?

In FY26, Bharat Road Network generated ₹126 crore of cash from operations and spent ₹7.2 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹133 crore. In FY25 it was ₹19.2 crore.

What are the Bharat Road Network latest quarterly results?

Bharat Road Network's latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net loss ₹94.3 crore, against a profit of ₹10.2 crore in Q1 FY26; revenue from operations ₹47.4 crore, up 2.5% year on year.

What is the Bharat Road Network shareholding pattern?

On 30 September 2026, Bharat Road Network's shares were held by promoters 51.73%, foreign portfolio investors (FII/FPI) 0.00%, domestic institutions (DII) 0.17% and retail and other non-institutional investors 48.10%. Over the year, FII holding was unchanged and DII holding was up 0.06 percentage points from 0.11%.

What is the Bharat Road Network revenue and profit in FY26?

In FY26 (April 2025–March 2026), Bharat Road Network's consolidated net loss was ₹29.6 crore, against a profit of ₹141 crore in FY25, on revenue from operations of ₹154 crore (down 43.7%).

Bharat Road Network vs Tarmat: how do they compare?

In FY26, Bharat Road Network earned net profit attributable to shareholders of ₹29.6 crore on revenue of ₹154 crore, against ₹6.2 crore on ₹117 crore for Tarmat. Bharat Road Network's operating margin was −58.3% (Tarmat 4.8%) and its return on equity −8.1% (Tarmat 3.5%). At the 29 October 2026 close, Bharat Road Network's market capitalisation was ₹116 crore against ₹130 crore for Tarmat.

When are the Bharat Road Network next results?

Bharat Road Network has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.

How does Bharat Road Network compare with its peers?

On FY26 consolidated figures, against Tarmat, Sadbhav Engineering and Niraj Cement Structurals: Bharat Road Network's operating margin of −58.3% is the lowest of the four (Tarmat 4.8%, Sadbhav Engineering 40.3%, Niraj Cement Structurals 3.1%; peer average 16.1%); its revenue growth over three years of −22.1% a year is the lowest of the four (Tarmat −6.5% a year, Sadbhav Engineering −18.2% a year, Niraj Cement Structurals −3.7% a year; peer average −9.5% a year).

Where do these Bharat Road Network figures come from?

From Bharat Road Network's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.