Bharat Road Network share price & results
- Jun 2026
- Jun 2026
Indian road Build-Operate-Transfer (BOT) company that bids for and executes NHAI highway concessions through project-specific SPVs, providing them project management, O&M and toll-management services.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2.0 | 0.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -8344.0 | −8321.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -153 | −15400.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | -36.51 | −61.6 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -86.36 | −93.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -61.35 | −15.9 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −42.4% 1Y
1Y: ₹23.65 on 24 Oct 2025 → ₹13.63. High ₹25.62 (17 Nov 2025), low ₹13.62 (23 Oct 2026).
- Previous close
- ₹14.79
- Market cap
- ₹134 Cr
- 52-week range
- ₹13.62 – ₹25.62
- One year
- −42.34%
- Return on equity (TTM to Jun 2026)
- -36.51%
Overview
- Symbol
- NSE:BRNL
- Sector
- Construction
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Bharat Road Network Limited does
Based on the company's own presentations, annual report and earnings calls.
Bharat Road Network Limited is a road Build-Operate-Transfer (BOT) company in India focused on the development, implementation, operation and maintenance of roads/highway projects. It submits bids for projects floated by NHAI on a BOT model, and once awarded, each concession is mandatorily executed through a dedicated Special Purpose Vehicle (SPV) that the company sponsors and funds. Beyond financing its SPVs, the company performs Project Management functions for them across the life of each project, including Project Management Consultancy, Operation & Maintenance, Toll Management, Major Maintenance and repair, Claim and Insurance Management, Debt Syndication, and Engineering/Design and Legal Advisory services.
Segments
- Road BOT/concession SPVs
- Project management & O&M services to SPVs
- Road BOT project SPVs (subsidiary/associate)
- 4 — Orissa Steel Expressway, Guruvayoor Infrastructure, Mahakaleshwar Tollways, Kurukshetra Expressway
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −15400% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Expenses | 51 | 256 | 6 | 2 | 2 | 2 | 2 | 155 |
| Operating profit | -49 | -254 | -4 | 0 | 0 | 0 | -1 | -153 |
| Operating margin | −3430.0% | −16840.0% | −283.0% | −23.0% | −32.0% | −30.0% | −56.0% | −8344.0% |
| Other income | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -47 | -252 | -2 | 2 | 1 | 1 | 0 | -153 |
| Tax rate | 1.0% | 0.0% | −33.0% | 25.0% | 9.0% | −31.0% | 38.0% | 0.0% |
| Net profit | -48 | -253 | -2 | 1 | 1 | 1 | 0 | -153 |
| EPS (₹ per share) | -5.68 | -30.12 | -0.18 | 0.15 | 0.15 | 0.13 | -0.03 | -18.17 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 8 | 6 | 8 |
| Expenses | 9 | 315 | 8 |
| Operating profit | -1 | -308 | -1 |
| Other income | 7 | 8 | 6 |
| Interest | 35 | 9 | 0 |
| Depreciation | 0 | 0 | 0 |
| Profit before tax | -29 | -309 | 4 |
| Net profit | -22 | -309 | 3 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 84 | 84 | 84 | 84 | 84 | 84 |
| Reserves | 739 | 659 | 637 | 329 | 329 | 332 |
| Borrowings | 310 | 307 | 264 | 264 | 434 | 264 |
| Other liabilities | 123 | 94 | 125 | 134 | 759 | 53 |
| Total liabilities | 1,256 | 1,144 | 1,110 | 810 | 1,607 | 733 |
| Fixed assets | 0 | 0 | 0 | 0 | 553 | 0 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 892 | 761 | 696 | 414 | 106 | 392 |
| Other assets | 364 | 382 | 413 | 396 | 947 | 341 |
| Total assets | 1,256 | 1,144 | 1,110 | 810 | 1,607 | 733 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -102 | 50 | -53 | -1 | -4 | -17 |
| Cash from investing | -57 | -9 | 87 | 45 | 3 | 98 |
| Cash from financing | 161 | -42 | -34 | -44 | 0 | -80 |
| Net cash flow | 1 | -1 | 0 | 0 | 0 | 1 |
| Free cash flow | -103 | 50 | -53 | -1 | -4 | -17 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 150 | 22 | 48 | 198 | 234 | 177 |
| Cash conversion cycle | 150 | 22 | 48 | 198 | 234 | 177 |
| Working capital days | 4003 | 568 | 2037 | -4452 | -7184 | -1745 |
| Return on capital employed | −1.0% | −1.0% | −4.0% | 0.0% | −36.0% | 1.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 51.73% as of Jun 2026; institutions added 0.05 pts since Mar 2026.
- Promoters 51.73%
- Foreign institutions 0.00%
- Domestic institutions 0.16%
- Public 48.10%
Who is on the register
Named in the Jun 2026 filing
Every holder of Bharat Road Network Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 31.92% | −0.24 pp | |
| 19.81% | unchanged | |
| 11.34% | unchanged | |
| 7.02% | unchanged | |
| 4.77% | unchanged | |
| 2.09% | unchanged | |
| 1.35% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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