Bharat Road

Why is Bharat Road Network Ltd falling/rising?

As of 28-Jul, Bharat Road Network Ltd's stock price is at 17.66, down -1.73%. The company is facing significant financial challenges, with declining sales, negative EBITDA, and a high debt-to-equity ratio, leading to poor stock performance compared to the market.

As of 28-Jul, Bharat Road Network Ltd's stock price is falling, currently at 17.66, reflecting a change of -0.31 (-1.73%). The stock has been underperforming, having lost -3.28% over the last two days and is down -5.76% over the past month, compared to a slight decline of -0.43% in the benchmark index, Sensex. <BR><BR>The company's long-term fundamentals are weak, as indicated by significant operating losses and a negative EBITDA of Rs. -24.39 crore. Over the past five years, net sales have decreased at an annual rate of -5.94%, and operating profit has plummeted by -265.08%. Additionally, the company has reported negative results for the last three consecutive quarters, with net sales for the first nine months growing at a staggering -69.58%. <BR><BR>The stock's performance has also been poor in comparison to the broader market, with a -14.19% return over the past year and a staggering -42.79% decline over the last three years, while the Sensex has increased by +16.03% during the same period. The high debt-to-equity ratio of 2.38 times further exacerbates the company's financial instability, contributing to the stock's downward trend. <BR><BR>Despite a rise in investor participation, with delivery volume increasing by 38.34% against the five-day average, the overall sentiment remains negative due to the company's weak financial health and poor growth prospects.

Which are the latest news on Bharat Road?

What does Bharat Road do?

Bharat Road Network Ltd is a micro-cap company focused on the development and maintenance of road and highway infrastructure in India. As of March 2026, it reported net sales of 49 Cr and a net loss of 63 Cr, with a market cap of INR 164 Cr.

Overview:<BR>Bharat Road Network Ltd is a micro-cap company in the construction industry, focused on the development, implementation, operation, and maintenance of roads and highways infrastructure projects in India.<BR><BR>History:<BR>Bharat Road Network Ltd was incorporated in December 2006 in Kolkata. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 49 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: -63 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 164 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 35 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.21 <BR>Return on Equity: -7.36% <BR>Price-to-Book: 0.40 <BR><BR>Contact Details:<BR>Address: Vishwakarma Building 86 C, Topsia Road South Parganas Sou Kolkata West Bengal : 700046 <BR>Tel: 91-33-6602 3333/66023609 <BR>Email: csbrnl.in <BR>Website: http://www.brnl.in

How big is Bharat Road?

As of 10th June, Bharat Road Network Ltd has a market capitalization of 164.00 Cr and reported net sales of 154.30 Cr with a loss of 29.65 Cr over the latest four quarters. Shareholder's funds are 330.74 Cr, and total assets amount to 1,387.41 Cr.

As of 10th June, Bharat Road Network Ltd has a market capitalization of 164.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Bharat Road Network Ltd reported net sales of 154.30 Cr. However, the company experienced a loss of 29.65 Cr during the same period.<BR><BR>The latest annual reporting period for the balance sheet is March 2025. Shareholder's funds stand at 330.74 Cr, while total assets amount to 1,387.41 Cr.

Who are in the management team of Bharat Road?

The management team of Bharat Road includes Bajrangi Kumar Choudhary (Managing Director), Brahmdutt (Chairman & Independent Director), and several Independent Directors: Tuk Tuk Ghosh Kumar, Santanu Ray, and Praful Tayal, along with Additional Non-Executive Directors Shree Ram Tewari and Rakesh Kumar Gupta, and Ankita as Company Secretary & Compliance Officer. They oversee the company's operations and strategic direction.

The management team of Bharat Road includes the following individuals:<BR><BR>1. **Bajrangi Kumar Choudhary** - Managing Director<BR>2. **Brahmdutt** - Chairman & Independent Director<BR>3. **Tuk Tuk Ghosh Kumar** - Independent Director<BR>4. **Santanu Ray** - Independent Director<BR>5. **Praful Tayal** - Independent Director<BR>6. **Shree Ram Tewari** - Additional Non-Executive Director<BR>7. **Rakesh Kumar Gupta** - Additional Non-Executive Director<BR>8. **Ankita** - Company Secretary & Compliance Officer<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

Who are the peers of the Bharat Road?

Bharat Road's peers include Niraj Cement, Sadbhav Engg., Desco Infra., Udayshivakumar, Tarmat, Winsol Engineers, AVP Infracon, HEC Infra Proj., and HVAX Technolog. Bharat Road has below average management risk and growth, with a 1-year return of -20.60%, better than Niraj Cement's -50.93% but worse than AVP Infracon's 0.00%.

Peers: The peers of Bharat Road are Niraj Cement, Sadbhav Engg., Desco Infra., Udayshivakumar, Tarmat, Winsol Engineers, AVP Infracon, HEC Infra Proj., and HVAX Technolog.<BR><BR>Quality Snapshot: Excellent management risk is observed at Desco Infra. and Winsol Engineers, while Average management risk is found at Niraj Cement and AVP Infracon. Below Average management risk is present at Bharat Road, Sadbhav Engg., Udayshivakumar, Tarmat, and HEC Infra Proj. Excellent growth is noted at Desco Infra. and AVP Infracon, while Good growth is seen at Niraj Cement and Winsol Engineers. Below Average growth is reported for Bharat Road, Sadbhav Engg., Udayshivakumar, Tarmat, and HEC Infra Proj. Excellent capital structure is found at Desco Infra., while Good capital structure is noted at Tarmat, Winsol Engineers, and HVAX Technolog. Below Average capital structure is present at Bharat Road, Sadbhav Engg., Udayshivakumar, and HEC Infra Proj.<BR><BR>Return Snapshot: The peer with the highest 1-year return is AVP Infracon at 0.00%, while the peer with the lowest 1-year return is Niraj Cement at -50.93%. Bharat Road's own 1-year return is -20.60%, which is better than Niraj Cement but worse than AVP Infracon. Additionally, the peers with negative six-month returns include Niraj Cement, Sadbhav Engg., Bharat Road, and HEC Infra Proj.

Should I buy, sell or hold Bharat Road Network Ltd?

Are Bharat Road Network Ltd latest results good or bad?

Bharat Road Network Ltd's latest Q4 FY26 results are concerning, showing a net loss of ₹63.04 crores and a drastic decline in operating margins to -80.96%, indicating significant operational challenges and raising doubts about the company's future viability.

Bharat Road Network Ltd's latest results for Q4 FY26 indicate a troubling performance. The company reported a consolidated net loss of ₹63.04 crores, which marks a staggering 442.42% decline compared to the previous quarter. While net sales increased by 16.29% quarter-on-quarter to ₹48.90 crores, this revenue growth was overshadowed by a catastrophic collapse in operating margins, which fell to -80.96%. This represents a dramatic shift from a positive margin of 81.57% in the previous quarter.<BR><BR>The extreme volatility in the company's financial performance raises significant concerns about its operational stability. The negative other income of ₹-48.48 crores further exacerbates the situation, suggesting potential write-downs or losses on investments. Overall, the financial metrics reflect severe operational distress, indicating that the company is facing substantial challenges that could jeopardize its future viability.<BR><BR>In summary, the latest results are decidedly negative, highlighting critical operational issues and raising red flags about the company's ability to sustain its business model in the current environment.

When is the next results date for Bharat Road Network Ltd?

The next results date for Bharat Road Network Ltd is 30 May 2026.

The next results date for Bharat Road Network Ltd is scheduled for 30 May 2026.

How has been the historical performance of Bharat Road?

Bharat Road has shown significant financial recovery, with net sales increasing from 216.40 crore in March 2022 to 458.21 crore in March 2025, and a turnaround from a loss of 251.34 crore to a profit of 136.13 crore in the same period. The company also reduced its total liabilities from 3,142.24 crore to 1,387.41 crore, indicating improved profitability and operational efficiency.

Answer:<BR>The historical performance of Bharat Road shows significant fluctuations in its financial metrics over the years, with a notable recovery in recent periods.<BR><BR>Breakdown:<BR>Bharat Road's net sales have increased from 216.40 crore in March 2022 to 458.21 crore in March 2025, reflecting a strong upward trend. Total operating income followed a similar pattern, rising from 209.52 crore in March 2021 to 458.21 crore in March 2025. The company experienced a substantial improvement in operating profit, which surged from 12.78 crore in March 2023 to 240.52 crore in March 2025, indicating effective cost management and operational efficiency. Profit before tax also turned positive, reaching 134.03 crore in March 2025 after several years of losses. Consequently, profit after tax showed a remarkable turnaround, moving from a loss of 251.34 crore in March 2022 to a profit of 136.13 crore in March 2025. The company's total liabilities decreased significantly from 3,142.24 crore in March 2021 to 1,387.41 crore in March 2025, while total assets also declined from 3,323.59 crore to 1,387.41 crore during the same period. Cash flow from operating activities remained positive, although it decreased from 264 crore in March 2024 to 71 crore in March 2025, and the closing cash and cash equivalents dropped to 3 crore in March 2025 from 62 crore in March 2024. Overall, Bharat Road's financial performance indicates a recovery trajectory with improved profitability and reduced liabilities, despite challenges in cash flow management.

How has been the historical performance of Bharat Road?

Bharat Road's historical performance has shown a significant turnaround, with net sales rising from 326.34 Cr in Mar'23 to 458.21 Cr in Mar'25, and profit after tax improving from a loss of 196.75 Cr to a profit of 136.13 Cr in the same period. Total assets and liabilities decreased, while operating profit surged, indicating strong financial recovery.

Answer:<BR>The historical performance of Bharat Road shows significant fluctuations in its financial metrics over the years, culminating in a notable recovery in the latest fiscal year.<BR><BR>Breakdown:<BR>Bharat Road's net sales increased from 326.34 Cr in Mar'23 to 458.21 Cr in Mar'25, indicating a strong upward trend. Total operating income followed a similar trajectory, rising from 326.34 Cr in Mar'23 to 458.21 Cr in Mar'25. The total expenditure, excluding depreciation, decreased from 313.56 Cr in Mar'23 to 217.69 Cr in Mar'25, contributing to a substantial rise in operating profit, which soared from 12.78 Cr in Mar'23 to 240.52 Cr in Mar'25. Profit before tax also improved significantly, moving from a loss of 213.74 Cr in Mar'23 to a profit of 134.03 Cr in Mar'25. Consequently, profit after tax turned from a loss of 196.75 Cr in Mar'23 to a profit of 136.13 Cr in Mar'25. The consolidated net profit showed a similar recovery, going from a loss of 209.58 Cr in Mar'23 to a profit of 141.12 Cr in Mar'25. The company's total assets decreased from 2,826.79 Cr in Mar'22 to 1,387.41 Cr in Mar'25, while total liabilities also fell from 2,689.52 Cr in Mar'24 to 1,387.41 Cr in Mar'25. Cash flow from operating activities remained positive, although it decreased from 264.00 Cr in Mar'24 to 71.00 Cr in Mar'25. Overall, Bharat Road's financial performance has shown a significant turnaround in the latest fiscal year, marked by increased revenues and profitability.

Who are the top shareholders of the Bharat Road?

The top shareholders of Bharat Road include Srei Venture Capital Trust A/c with 32.16%, Predicate Consultant Private Limited with 11.34%, and individual investors holding 17.38%. There are also two foreign institutional investors with a minimal stake of 0.01%, and no mutual funds are currently invested in the company.

The top shareholders of Bharat Road include the promoters, who hold a significant majority of the shares. The promoter with the highest holding is Srei Venture Capital Trust A/c, which owns 32.16% of the company. Additionally, Predicate Consultant Private Limited is the highest public shareholder, holding 11.34%. Individual investors collectively hold 17.38% of the shares. It's also worth noting that there are two foreign institutional investors (FIIs) with a minimal stake of 0.01%, and there are currently no mutual funds invested in the company.

Is Bharat Road overvalued or undervalued?

As of February 12, 2025, Bharat Road Network Ltd. is considered very attractive due to its undervalued status with a PE ratio of 1.39, Price to Book Value of 0.60, and EV to EBITDA of 1.70, alongside strong ROCE and ROE metrics, despite a poor YTD return of -48.87%.

As of 12 February 2025, Bharat Road Network Ltd. has moved from an attractive to a very attractive valuation grade, indicating a significant improvement in its perceived value. The company is currently undervalued, with a PE ratio of 1.39, a Price to Book Value of 0.60, and an EV to EBITDA of 1.70. These ratios suggest that the stock is trading at a substantial discount compared to its earnings and book value.<BR><BR>In comparison to its peers, Bharat Road Network Ltd. shows a favorable position; for instance, its peer has a PE ratio of 1.3852 and an EV to EBITDA of 1.6974, which are closely aligned but still highlight Bharat's relative undervaluation. Additionally, the company's impressive ROCE of 30.69% and ROE of 42.97% further support the argument for its undervaluation. Despite recent poor stock performance, with a YTD return of -48.87% compared to the Sensex's 5.58%, the underlying fundamentals suggest that Bharat Road Network Ltd. presents a compelling investment opportunity at its current price.

What is the technical trend for Bharat Road?

As of February 1, 2025, Bharat Road's technical trend has shifted to bearish, supported by negative indicators across multiple time frames, including MACD, moving averages, and KST, along with significant underperformance compared to the Sensex.

As of 1 February 2025, the technical trend for Bharat Road has changed from mildly bearish to bearish. The current stance is bearish with a strong indication from multiple indicators. The MACD is bearish on both the weekly and monthly time frames, reinforcing the negative momentum. The daily moving averages also reflect a bearish trend. The KST is bearish across both weekly and monthly periods, while the Bollinger Bands indicate a mildly bearish outlook on the weekly and monthly charts. The Dow Theory shows a mildly bearish trend on the weekly but no trend on the monthly. Overall, the bearish sentiment is supported by the significant underperformance of the stock compared to the Sensex, particularly in the year-to-date and one-year returns.

Has Bharat Road declared dividend?

Bharat Road Network Ltd has declared a 5% dividend, amounting to 0.5 per share, with an ex-date of December 5, 2019. However, the total returns over various periods have shown significant losses, and the dividend yield remains at 0%, indicating that dividends have not contributed to investor returns recently.

Bharat Road Network Ltd has declared a 5% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 5%<BR>- Amount per share: 0.5<BR>- Ex-date: 05 Dec 19<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -52.18%, the dividend return was 0%, resulting in a total return of -52.18%.<BR><BR>For the 1-year period, the price return was -55.97%, the dividend return was 0%, leading to a total return of -55.97%.<BR><BR>Over the 2-year period, the price return was -24.28%, the dividend return was 0%, which resulted in a total return of -24.28%.<BR><BR>In the 3-year period, the price return was -20.1%, the dividend return was 0%, culminating in a total return of -20.1%.<BR><BR>During the 4-year period, the price return was -25.04%, the dividend return was 0%, yielding a total return of -25.04%.<BR><BR>For the 5-year period, the price return was -42.37%, the dividend return was 0%, resulting in a total return of -42.37%.<BR><BR>Overall, while Bharat Road Network Ltd did declare a dividend, the total returns over various periods indicate significant losses, with no dividends contributing to returns in recent years. The dividend yield remains at 0%, suggesting that dividends have not been a source of return for investors.