Bharat Road Network Ltd (BRNL) — shareholding pattern, promoter holding, financials and share price
About Bharat Road Network Ltd (BRNL)
Bharat Road Network Ltd operates in the Civil Construction industry, within the Construction sector. It trades on the NSE as BRNL and on the BSE under scrip code 540700. Its ISIN is INE727S01012.
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]
Bharat Road Network Limited (BRNL) primarily engages in road BOT projects in India, with a focus on development, implementation, operation, and maintenance of roads and highways.
The company has a strong portfolio of projects, including the significant Ghaziabad-Aligarh, Indore-Ujjain, and Chandikhole-Jagatpur-Bhubaneswar highways, which recently became operational, enhancing infrastructure connectivity.
Listed peers in Civil Construction: Desco Infratech Ltd, Mahendra Realtors & Infrastructure Ltd, Modulex Construction Technologies Ltd, AVP Infracon Ltd, Western India Plywoods Ltd.
Valuation & Returns
10 Jul 2026At ₹18.47 a share on 10 Jul 2026, Bharat Road Network Ltd (BRNL) was valued at a price-to-earnings ratio of 44.2x against an industry P/E of 25.97x and a price-to-book of 0.47x on a book value of ₹39.4 per share as of Mar 2025. Solomo computes return on equity of -17.98% and return on capital employed of -7.73% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 44.2x
- Industry P/E
- 25.97x
- P/B
- 0.47x
- EPS (TTM)
- ₹-7.08
- Book value / share
- ₹39.4
- ROE
- -17.98%
- ROCE
- -7.73%
- ROA
- -4.14%
- Debt / equity
- 1.31x
- Dividend yield
- 0%
- EBITDA margin
- 4.21%
- 52-week range
- ₹16.6 – ₹26.44
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Bharat Road Network Ltd (BRNL) reported revenue of ₹154 crore, net profit of ₹-59 crore and earnings per share of ₹-3.53. That compares with revenue of ₹274 crore and net profit of ₹136 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹49 crore and net profit ₹-110 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 216 | 326 | 380 | 274 | 154 |
| Net profit (₹ cr) | -389 | -205 | -113 | 136 | -59 |
| EPS (₹) | -44.83 | -24.96 | -13.34 | 16.81 | -3.53 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 4.89% | -2.41% | -59.85% | -27.77% |
| Profit growth | - | - | - | 220.22% |
| Stock price CAGR | - | -14% | -16% | -15% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 51.73% of Bharat Road Network Ltd (BRNL) (down 0.24 pp QoQ), foreign institutional investors (FII) hold 0% and domestic institutional investors (DII) hold 0.17%. Promoters have pledged 23% of their holding. Market capitalisation was ₹155 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2017.
Largest disclosed public shareholders in Jun 2026: PREDICATE CONSULTANT PRIVATE LIMITED 11.34%, BRISTI REAL-TECH PRIVATE LIMITED 7.02%, GMR BUSINESS AND CONSULTANCY LLP 4.77%, ANILRAJ PROMOTERS & FINCON PRIVATE LIMITED 2.09%, JHILIK PROMOTERS AND FINCON PRIVATE LIMITED 1.35%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 51.73% | 23% | 0% | 0.17% | 48.27% |
| Mar 2026 | 51.97% | 22.9% | 0% | 0.11% | 48.03% |
| Dec 2025 | 51.97% | 22.9% | 0% | 0.11% | 48.03% |
| Sep 2025 | 51.97% | 22.9% | 0% | 0.11% | 48.03% |
| Jun 2025 | 51.97% | 22.9% | 0.01% | 0.11% | 48.03% |
| Mar 2025 | 51.97% | 22.9% | 0% | 0.11% | 48.03% |
| Dec 2024 | 51.97% | 22.9% | 0% | 0.11% | 48.03% |
| Sep 2024 | 51.97% | 22.9% | 0.01% | 0.11% | 48.03% |