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 ₹ 563 Cr.
- Current Price ₹ 67.1
- High / Low ₹ 98.5 / 26.0
- Stock P/E
- Book Value ₹ 27.9
- Dividend Yield 0.00 %
- ROCE -2.35 %
- ROE -52.5 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Debtor days have improved from 178 to 65.9 days.
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.53%
- Company has a low return on equity of -27.9% 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | 10 | 8 | 1 | 142 | 153 | 401 | 299 | 210 | 216 | 326 | 381 | |
3 | 10 | 9 | 4 | 173 | 172 | 248 | 116 | 163 | 266 | 322 | 302 | |
Operating Profit | -2 | -0 | -1 | -3 | -32 | -18 | 153 | 184 | 46 | -50 | 4 | 79 |
OPM % | -312% | -1% | -11% | -388% | -22% | -12% | 38% | 61% | 22% | -23% | 1% | 21% |
2 | 0 | 33 | 4 | 1 | 98 | 48 | 34 | 35 | -133 | 14 | 9 | |
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 | 63 |
Profit before tax | -17 | -51 | -8 | -50 | -62 | 35 | -37 | -12 | -125 | -408 | -222 | -164 |
Tax % | 0% | 0% | 0% | 0% | -1% | 33% | -16% | -9% | 5% | 5% | 8% | |
-17 | -61 | -26 | -93 | -62 | 23 | -44 | -13 | -119 | -389 | -205 | -152 | |
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 | -17.11 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 36% | -11% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 85% |
5 Years: | 16% |
3 Years: | 3% |
TTM: | 38% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 53% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -6% |
3 Years: | 33% |
1 Year: | 112% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -15% |
3 Years: | -28% |
Last Year: | -52% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 150 |
298 | 462 | 567 | 885 | 559 | 1,041 | 1,372 | 1,556 | 1,539 | 1,492 | 1,413 | 1,369 | |
6 | 43 | 56 | 18 | 231 | 465 | 581 | 767 | 717 | 845 | 991 | 1,098 | |
Total Liabilities | 328 | 516 | 629 | 837 | 1,231 | 2,569 | 2,965 | 3,324 | 3,143 | 2,846 | 2,706 | 2,702 |
0 | 2 | 2 | 2 | 25 | 893 | 869 | 1,689 | 1,661 | 1,629 | 1,536 | 1,799 | |
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 | 119 |
7 | 86 | 86 | 171 | 337 | 573 | 776 | 1,048 | 924 | 853 | 810 | 784 | |
Total Assets | 328 | 516 | 629 | 837 | 1,231 | 2,569 | 2,965 | 3,324 | 3,143 | 2,846 | 2,706 | 2,702 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
1 | 19 | -32 | -35 | -9 | 143 | 296 | 238 | 51 | 22 | 259 | |
-296 | -46 | 38 | -215 | -333 | -1,031 | -365 | -157 | 168 | 196 | 44 | |
299 | 52 | -30 | 264 | 353 | 881 | 86 | -86 | -199 | -233 | -213 | |
Net Cash Flow | 4 | 25 | -24 | 14 | 11 | -7 | 17 | -5 | 20 | -15 | 90 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 242 | 100 | 85 | 1,124 | 12 | 247 | 90 | 144 | 236 | 233 | 66 |
Inventory Days | |||||||||||
Days Payable | |||||||||||
Cash Conversion Cycle | 242 | 100 | 85 | 1,124 | 12 | 247 | 90 | 144 | 236 | 233 | 66 |
Working Capital Days | -1,385 | -1,244 | -1,877 | 5,451 | 33 | -274 | -47 | 10 | 188 | 26 | -217 |
ROCE % | -0% | 6% | 0% | -3% | 5% | 7% | 7% | 1% | -4% | -2% |
Documents
Announcements
- Board Meeting Intimation for Consideration And Approval Of The Audited Standalone And Consolidated Financial Results Of The Company For The Financial Year Ended On 31St March, 2024 2d
-
Announcement under Regulation 30 (LODR)-Cessation
2 May - Resignation of Senior Management Personnel of the Company
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 29 Apr
- Compliance Certificate For The Financial Year Ended On March 31, 2024 - Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 6 Apr
- Compliance Certificate For The Financial Year Ended On March 31, 2024 - Regulation 40(9) & 40(10) Of The SEBI (LODR) Regulations, 2015 6 Apr
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.