| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
Revenue  | 146 | 87 | 97 | 120 | 103 | 105 | 89 | 33 | 52 | 51 | 74 | 69 | 51 | 59 | 72 | 45 | 89 | 72 | 92 | 97 | 101 | 93 | 100 | 98 | 108 | 81 | 54 | 53 | 51 |
| Expenses | 51 | 60 | 54 | 71 | 38 | 37 | 21 | 20 | 16 | 26 | 11 | 111 | 44 | 44 | 23 | 160 | 24 | 23 | 167 | 109 | 47 | 98 | 49 | 49 | 53 | 68 | 54 | 42 | 18 |
| EBITDA | 95 | 28 | 43 | 49 | 65 | 68 | 68 | 13 | 36 | 25 | 64 | -42 | 7 | 15 | 49 | -115 | 65 | 49 | -75 | -13 | 54 | -5 | 51 | 49 | 54 | 13 | -0 | 11 | 33 |
| Operating Profit % | 63 % | 22 % | 35 % | 33 % | 57 % | 58 % | 73 % | 57 % | 54 % | 49 % | 83 % | -81 % | 1 % | 22 % | 67 % | -266 % | 65 % | 66 % | -72 % | -16 % | 53 % | -7 % | 50 % | 47 % | 48 % | 11 % | -14 % | 11 % | 61 % |
| Depreciation | 9 | 7 | 9 | 9 | 9 | 9 | 9 | 10 | 6 | 10 | 11 | 12 | 8 | 11 | 11 | 13 | 13 | 13 | 15 | 15 | 16 | 16 | 16 | 34 | 21 | 18 | 18 | 18 | 19 |
| Interest | 88 | 30 | 33 | 54 | 40 | 57 | 44 | 53 | 68 | 54 | 54 | -9 | 45 | 45 | 47 | 45 | 47 | 45 | 46 | 46 | 47 | 48 | 47 | 46 | 47 | 5 | 1 | 1 | 0 |
| Profit Before Tax | -1 | -10 | 1 | -14 | 16 | 2 | 15 | -50 | -38 | -39 | -2 | -45 | -47 | -42 | -9 | -173 | 6 | -9 | -136 | -74 | -9 | -68 | -12 | -32 | -13 | -10 | 165 | -8 | 14 |
| Tax | 3 | 3 | 9 | 4 | 6 | -1 | -1 | -9 | 14 | -10 | -6 | -4 | -7 | -8 | 4 | 130 | 5 | 0 | -9 | -5 | -2 | -2 | -2 | -2 | -2 | 0 | 1 | -1 | 0 |
| Net Profit | -4 | -13 | -9 | -18 | 10 | 3 | 16 | -42 | -51 | -30 | 3 | -41 | -40 | -34 | -13 | -303 | 0 | -9 | -128 | -69 | -7 | -66 | -10 | -30 | -11 | -10 | 164 | -7 | 13 |
| EPS in ₹ | -0.51 | -1.52 | -1.03 | -2.12 | 1.22 | 0.62 | 1.86 | -4.97 | -6.12 | -3.55 | -0.87 | -4.89 | -4.70 | -4.01 | -1.55 | -36.04 | 0.04 | -1.05 | -15.23 | -8.21 | -0.86 | -7.87 | -1.23 | -3.53 | -1.30 | -1.21 | 19.57 | -0.85 | 1.59 |
Bharat Road Network
Bharat Road Network
22.86
-0.05
(-0.22%)
Market Cap
192.30 Cr
EPS
16.22
PE Ratio
1.14
Dividend Yield
0.00 %
Industry
Construction52 Week High
53.43
52 Week Low
17.40
PB Ratio
0.58
Debt to Equity
3.38
Sector
Civil Construction
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Company News
View All News
Bharat Road Network Limited has appointed Anirup Sen as Chief Executive Officer and Whole Time Key Managerial Personnel, effective September 17, 2025. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. Sen brings over 28 years of experience across MNC banks, NBFCs, and infrastructure firms. He previously served as Head – Rental & Used Equipment at Innovative Infra & Mining Solutions Ltd. and held CEO and COO positions at organizations including Contract Square, Solapur Tollways, and Jardine Henderson. Sen holds a Bachelor of Science with Mathematics Honours from St. Xavier's College, Kolkata, an MBA from University of Wales, Cardiff, U.K., and is a life member of several professional bodies including Calcutta Management Association.
Bajrang Kumar Choudhary has resigned from his position as Managing Director of Bharat Road Network Limited due to personal reasons, effective September 16, 2025. He will continue serving as a Director on the company's Board of Directors. The resignation was communicated to stock exchanges BSE and NSE on September 17, 2025.
Bharat Road Network Limited Approves Quarterly Results, Schedules AGM and Appoints New AuditorAug 12, 2025
Bharat Road Network Limited's Board of Directors approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. The company scheduled its 18th Annual General Meeting for September 26, 2025, to be held via video conferencing with e-voting cut-off date set for September 19, 2025. The Board appointed M/s. M. R. & Associates as Secretarial Auditor for a five-year term from FY 2025-26 to 2029-30. The auditor's review report highlighted qualified conclusions due to non-recognition of interest on Rs. 19,357.73 lakhs, resulting in overstated profit before tax by Rs. 1,037.77 lakhs and understated current liabilities by Rs. 3,957.34 lakhs. The company faces material uncertainty regarding its ability to continue as a going concern due to defaulted repayments and significant losses. Associates Kurukshetra Expressway Private Limited and Mahakaleshwar Tollways Private Limited have terminated projects and filed claims with authorities. Subsidiary Guruvayoor Infrastructure Private Limited is subject to search proceedings under the Prevention of Money Laundering Act, 2002.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
3,659.00 | #1 5,07,360.10 | 32.46 | #1 2,59,859.30 | 15.35 | #1 17,687 | 25.36 | 57.69 | |
339.45 | 71,234.70 | 59.48 | 20,922.80 | -9.28 | 1,282 | -39.97 | 48.04 | |
107.08 | 28,979.10 | 45.18 | 12,273.00 | 15.34 | 557 | 25.93 | 49.32 | |
41.19 | 24,663.30 | 29.86 | 8,031.50 | -2.08 | 6,481 | 44.64 | 29.49 | |
872.95 | 22,157.20 | 38.23 | 21,917.60 | 9.77 | 571 | 42.24 | 40.97 | |
1,254.80 | 20,950.40 | 30.32 | 22,378.30 | 13.65 | 567 | #1 154.59 | 42.21 | |
455.10 | 16,480.40 | 31.41 | 13,022.80 | -4.57 | 487 | 50.00 | 54.05 | |
170.98 | 15,905.10 | #1 24.09 | 11,131.00 | -13.52 | 728 | -26.74 | 41.48 | |
1,333.40 | 15,495.80 | 35.53 | 2,428.60 | #1 48.22 | 378 | 38.74 | 35.64 | |
810.25 | 13,408.90 | 33.94 | 9,152.60 | 17.86 | 373 | 36.93 | 49.36 |
Forecast
Actual
Growth Rate
Revenue Growth
22.73 %
Net Income Growth
-220.23 %
Cash Flow Change
-73.00 %
ROE
-181.52 %
ROCE
444.52 %
EBITDA Margin (Avg.)
43.36 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 838 | 1,231 | 2,569 | 2,965 | 3,324 | 3,143 | 2,846 | 2,706 | 2,734 | 1,435 |
| Fixed Assets | 2 | 25 | 893 | 869 | 1,690 | 1,661 | 1,629 | 1,536 | 1,453 | 578 |
| Current Assets | 40 | 64 | 406 | 480 | 712 | 649 | 553 | 572 | 568 | 501 |
| Capital Work in Progress | 304 | 420 | 542 | 797 | 100 | 132 | 158 | 242 | 347 | 1 |
| Investments | 0 | 449 | 562 | 523 | 486 | 426 | 206 | 119 | 120 | 116 |
| Other Assets | 532 | 337 | 573 | 777 | 1,048 | 924 | 853 | 810 | 814 | 740 |
| Total Liabilities | 838 | 1,231 | 2,569 | 2,965 | 3,324 | 3,143 | 2,846 | 2,706 | 2,734 | 1,435 |
| Current Liabilities | 23 | 76 | 417 | 487 | 613 | 532 | 632 | 718 | 1,171 | 629 |
| Non Current Liabilities | 880 | 682 | 977 | 1,360 | 1,600 | 1,619 | 1,613 | 1,589 | 1,278 | 384 |
| Total Equity | -65 | 473 | 1,175 | 1,118 | 1,111 | 991 | 602 | 400 | 286 | 422 |
| Reserve & Surplus | -75 | 386 | 979 | 928 | 917 | 802 | 425 | 219 | 106 | 247 |
| Share Capital | 10 | 55 | 84 | 84 | 84 | 84 | 84 | 84 | 84 | 84 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -24 | 14 | 11 | -7 | 17 | -5 | 20 | -15 | 91 | -57 | -59 |
| Investing Activities | 38 | -215 | -333 | -1,031 | -365 | -157 | 168 | 196 | 81 | -208 | -62 |
| Operating Activities | -32 | -35 | -9 | 143 | 296 | 238 | 51 | 22 | 259 | 264 | 71 |
| Financing Activities | -30 | 264 | 353 | 881 | 86 | -86 | -199 | -233 | -250 | -114 | -68 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| Promoter | 53.76 % | 53.76 % | 53.76 % | 53.76 % | 53.76 % | 53.76 % | 53.76 % | 53.76 % | 53.76 % | 53.76 % | 53.76 % | 53.76 % | 52.23 % | 52.10 % | 51.97 % | 51.97 % | 51.97 % | 51.97 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.06 % | 0.00 % | 0.01 % | 0.00 % | 0.00 % | 0.01 % |
| DIIs | 0.79 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.28 % | 0.28 % | 0.28 % | 0.28 % | 0.28 % | 0.11 % | 0.11 % | 0.11 % | 0.11 % | 0.11 % | 0.11 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 6.50 % | 7.41 % | 8.17 % | 8.16 % | 8.30 % | 8.47 % | 8.51 % | 8.48 % | 8.43 % | 8.43 % | 8.52 % | 8.42 % | 11.42 % | 12.10 % | 12.34 % | 12.35 % | 12.97 % | 17.38 % |
| Others | 38.95 % | 38.83 % | 38.07 % | 38.09 % | 37.94 % | 37.77 % | 37.73 % | 37.48 % | 37.53 % | 37.53 % | 37.44 % | 37.54 % | 36.17 % | 35.69 % | 35.57 % | 35.58 % | 34.95 % | 30.52 % |
| No of Share Holders | 0 | 17,044 | 17,599 | 17,171 | 17,761 | 21,907 | 21,450 | 21,189 | 21,825 | 21,869 | 23,599 | 25,670 | 51,896 | 52,534 | 51,038 | 50,492 | 51,195 | 52,763 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 1 | 0.5 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Yield (%) | 0.00 | 0.00 | 1.09 | 1.51 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 29 Sept 2023 |  Annual General Meeting | NA | 29 Sept 2023 | 32.75 | 39.90 |
| 28 Sept 2024 | Annual General Meeting | NA | 28 Sept 2024 | 51.20 | 47.27 |
| 11 Nov 2024 |  Quarterly Result Announcement | NA | 11 Nov 2024 | 46.02 | 46.38 |
| 11 Feb 2025 | Quarterly Result Announcement | NA | 11 Feb 2025 | 40.29 | 40.13 |
| 13 May 2025 | Quarterly Result Announcement | NA | 13 May 2025 | 24.57 | 22.42 |
| 12 Aug 2025 | Quarterly Result Announcement | NA | 12 Aug 2025 | 19.42 | 17.89 |
| 26 Sept 2025 | Annual General Meeting | NA | 26 Sept 2025 | 19.12 | 21.31 |
Announcements
Closure of Trading Window
8 hours ago
8 hours agoConsolidated Scrutiniser Report For The 18Th E-Annual General Meeting Of Bharat Road Network Limited3 days ago
3 days agoShareholder Meeting / Postal Ballot-Outcome of AGM4 days ago
4 days agoAnnouncement under Regulation 30 (LODR)-Change in ManagementSep 17, 2025
Sep 17, 2025Announcement under Regulation 30 (LODR)-Resignation of Managing DirectorSep 17, 2025
Sep 17, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 05, 2025
Sep 05, 2025Reg. 34 (1) Annual Report.Sep 04, 2025
Sep 04, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 20, 2025
Aug 20, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 12, 2025
Aug 12, 2025Intimation Regarding The Date Of 18Th Annual General Meeting Of The CompanyAug 12, 2025
Aug 12, 2025Board Meeting Outcome for Outcome Of Board Meeting - Board Meeting Dated 12Th August 2025Aug 12, 2025
Aug 12, 2025Disclosure Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015 - Update Regarding Guruvayoor Infrastructure Private LimitedAug 06, 2025
Aug 06, 2025Board Meeting Intimation for Consideration And Approval Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter
Ended On 30Th June 2025.Aug 05, 2025
Aug 05, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 22, 2025
Jul 22, 2025Reminder Letters Sent To Shareholders-Unclaimed/Unpaid Dividend -Final Dividend 2017-18Jul 21, 2025
Jul 21, 2025Announcement under Regulation 30 (LODR)-CessationJul 20, 2025
Jul 20, 2025Disclosure Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015 -Intimation Regarding Receipt Of Payment By Orissa Steel Expressway
Private Limited A Subsidiary Of The Company Pursuant To The Settlement AgreemJul 09, 2025
Jul 09, 2025Closure of Trading WindowJul 02, 2025
Jul 02, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 29, 2025
May 29, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 15, 2025
May 15, 2025Board Meeting Outcome for Outcome Of Board Meeting Dated 13Th May 2025May 13, 2025
May 13, 2025Announcement under Regulation 30 (LODR)-CessationMay 13, 2025
May 13, 2025Board Meeting Intimation for To Inter Alia Consider And Approve The Audited Standalone And Consolidated Financial Results Of The Company For The
Financial Year Ended On 31St March 2025.May 06, 2025
May 06, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorApr 11, 2025
Apr 11, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorApr 07, 2025
Apr 07, 2025Closure of Trading WindowApr 01, 2025
Apr 01, 2025Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans
Including Revolving Facilities Like Cash Credit From Banks / Financial InstitutionsApr 01, 2025
Apr 01, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 13, 2025
Feb 13, 2025Integrated Filing (Financial)Feb 12, 2025
Feb 12, 2025Announcement under Regulation 30 (LODR)-Change in ManagementFeb 11, 2025
Feb 11, 2025Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended On 31St December 2024Feb 11, 2025
Feb 11, 2025Board Meeting Outcome for Outcome Of Board MeetingFeb 11, 2025
Feb 11, 2025Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended 31St December 2024.Feb 05, 2025
Feb 05, 2025Update On Announcement Under Regulation 30 - Regularization Of Debt Account Of Guruvayoor Infrastructure Private Limited Subsidiary Of The CompanyJan 22, 2025
Jan 22, 2025Closure of Trading WindowJan 01, 2025
Jan 01, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 14, 2024
Nov 14, 2024Outcome Of Board Meeting Dated 11Th November, 2024Nov 11, 2024
Nov 11, 2024Board Meeting Outcome for Outcome Of Board MeetingNov 11, 2024
Nov 11, 2024Board Meeting Intimation for To Inter Alia, Consider And Approve The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended 30Th September, 2024.Nov 05, 2024
Nov 05, 2024Closure of Trading WindowSep 30, 2024
Sep 30, 2024Consolidated Scrutiniser Report On The 17Th E-AGM Of Bharat Road Network LimitedSep 30, 2024
Sep 30, 2024Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)Sep 29, 2024
Sep 29, 2024Shareholder Meeting / Postal Ballot-Outcome of AGMSep 28, 2024
Sep 28, 2024Submission Of Copies Of Newspaper Advertisement Pursuant To Regulation 30 & 47 Of The SEBI (LODR) Regulations, 2015 - 17Th Annual General Meeting (AGM) Of The Company To Be Held On September 28, 2024Sep 06, 2024
Sep 06, 2024Reg. 34 (1) Annual Report.Sep 05, 2024
Sep 05, 2024Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 04, 2024
Sep 04, 2024Reminder Letters Sent To Shareholders-Unclaimed/Unpaid Dividend - Interim Dividend 2017-18Sep 03, 2024
Sep 03, 2024Announcement under Regulation 30 (LODR)-Change in ManagementAug 30, 2024
Aug 30, 2024Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 30, 2024
Aug 30, 2024Technical Indicators
RSI(14)
Neutral 60.66
ATR(14)
Volatile 1.32
STOCH(9,6)
Neutral 33.95
STOCH RSI(14)
Neutral 25.12
MACD(12,26)
Bullish 0.03
ADX(14)
Weak Trend 24.56
UO(9)
Bearish 41.69
ROC(12)
Uptrend And Accelerating 11.21
WillR(14)
Neutral -37.82
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