Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 2:42 am
Author: Getaka|Social: XLinkedIn

Bharat Road Network Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹116.63Undervalued by 533.86%vs CMP ₹18.40

P/E (5.4) × ROE (53.7%) × BV (₹49.20) × DY (2.00%)

₹114.33Undervalued by 521.36%vs CMP ₹18.40
MoS: +83.9% (Strong)Confidence: 59/100 (Moderate)Models: 7 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹254.2727%Under (+1281.9%)
Graham NumberEarnings₹61.4416%Under (+233.9%)
DCFCash Flow₹76.6313%Under (+316.5%)
Net Asset ValueAssets₹49.039%Under (+166.5%)
EV/EBITDAEnterprise₹135.0911%Under (+634.2%)
Earnings YieldEarnings₹34.109%Under (+85.3%)
ROCE CapitalReturns₹13.669%Over (-25.8%)
Revenue MultipleRevenue₹32.537%Under (+76.8%)
Consensus (8 models)₹114.33100%Undervalued
Key Drivers: EPS CAGR 118.0% lifts DCF — verify sustainability. | Wide model spread (₹14–₹254) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 118.0%

*Investments are subject to market risks

Investment Snapshot

51
Bharat Road Network Ltd scores 51/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health46/100 · Moderate
ROCE 15.1% GoodROE 53.7% ExcellentD/E 1.59 High debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 52.0% Stable
Earnings Quality65/100 · Strong
OPM expanding (-11% → 29%) Improving
Quarterly Momentum25/100 · Weak
Revenue (4Q): -7% YoY DecliningOPM: -276.0% (down 287.0% YoY) Margin pressure
Industry Rank75/100 · Strong
P/E 5.4 vs industry 36.6 Cheaper than peersROCE 15.1% vs industry 16.4% AverageROE 53.7% vs industry 21.4% Above peers3Y sales CAGR: 8% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:42 am

Market Cap 155 Cr.
Current Price 18.4
Intrinsic Value₹114.33
High / Low 31.3/16.6
Stock P/E5.41
Book Value 49.2
Dividend Yield0.00 %
ROCE15.1 %
ROE53.7 %
Face Value 10.0
PEG Ratio0.05

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bharat Road Network Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bharat Road Network Ltd 155 Cr. 18.4 31.3/16.65.41 49.20.00 %15.1 %53.7 % 10.0
Alpine Housing Development Corporation Ltd 148 Cr. 85.2 181/74.125.4 49.00.00 %8.57 %6.30 % 10.0
Binayaka Tex Processors Ltd 162 Cr. 2,284 2,917/1,79933.5 1,3650.00 %7.02 %2.94 % 10.0
AMJ Land Holdings Ltd 146 Cr. 35.6 68.9/30.37.29 62.00.56 %13.5 %8.66 % 2.00
Vipul Ltd 146 Cr. 10.4 13.8/7.38 29.30.00 %0.44 %7.41 % 1.00
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of Bharat Road Network Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 6797949991979310376232474617
Expenses 2316710947984949536854421864
Operating Profit 44-70-1552-74944508177528-47
OPM % 66%-72%-16%53%-7%50%47%48%11%76%11%61%-276%
Other Income 6-5222255576567
Interest 454646474847464651100
Depreciation 1315151616163421181818197
Profit before tax -9-136-74-9-68-12-31-13-10165-81412
Tax % -0%-6%-7%-22%-3%-16%-6%-16%2%0%-10%3%1%
Net Profit -9-128-69-7-66-10-30-11-10164-71312
EPS in Rs -1.53-15.83-7.20-1.40-6.64-1.87-3.42-1.85-0.8520.20-0.571.220.57

Last Updated: February 6, 2026, 12:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 24, 2026, 1:30 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1081142153401299210216326380274153
Expenses 1094173172248116163266322242218132
Operating Profit -0-1-3-32-1815318446-5041385720
OPM % -1%-11%-388%-22%-12%38%61%22%-23%1%36%21%13%
Other Income 0334198483435-133141120685
Interest 5141503144205193167182184188541
Depreciation -000003436394357827461
Profit before tax -51-8-50-6235-37-12-125-408-222-12113443
Tax % -0%-0%-0%1%33%16%9%-5%-5%-8%-6%-2%
Net Profit -61-26-93-6223-44-13-119-389-205-11313644
EPS in Rs -60.76-26.42-92.54-11.402.78-4.56-1.90-13.61-44.83-24.96-13.3416.813.41
Dividend Payout % -0%-0%-0%-0%36%-11%-0%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)57.38%-257.69%33.33%137.10%-291.30%70.45%-815.38%-226.89%47.30%44.88%220.35%
Change in YoY Net Profit Growth (%)0.00%-315.07%291.03%103.76%-428.40%361.76%-885.84%588.49%274.19%-2.42%175.48%

Bharat Road Network Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:49%
5 Years:9%
3 Years:28%
TTM:4%
Compounded Profit Growth
10 Years:22%
5 Years:54%
3 Years:37%
TTM:245%
Stock Price CAGR
10 Years:%
5 Years:-11%
3 Years:-15%
1 Year:-58%
Return on Equity
10 Years:%
5 Years:-21%
3 Years:-21%
Last Year:54%

Last Updated: September 5, 2025, 12:55 am

Balance Sheet

Last Updated: December 4, 2025, 1:03 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10101055848484848484848484
Reserves 0-4-77386979928917802425218106247329
Borrowings 4625678855591,0411,3721,5561,5391,4921,4131,328434434
Other Liabilities 4356182314655817677178459911,216670759
Total Liabilities 5166298371,2312,5692,9653,3243,1432,8462,7062,7341,4351,607
Fixed Assets 222258938691,6891,6611,6291,5361,453578553
CWIP 5516030342054279710013215824234710
Investments 374381361449562523486426206119120116106
Other Assets 86861713375737761,048924853810814740947
Total Assets 5166298371,2312,5692,9653,3243,1432,8462,7062,7341,4351,607

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 19-32-35-9143296238512225926471
Cash from Investing Activity + -4638-215-333-1,031-365-15716819681-208-62
Cash from Financing Activity + 52-3026435388186-86-199-233-250-114-68
Net Cash Flow 25-241411-717-520-1590-57-59
Free Cash Flow -32-133-178-349-0-258266-625116019
CFO/OP -39,300%3,500%1,157%26%-801%198%130%114%-47%6,047%191%128%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-462.00-568.00-888.00-591.00-19.00152.00183.0045.00-51.003.00137.00-377.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 100851,12412247901442362336601
Inventory Days
Days Payable
Cash Conversion Cycle 100851,12412247901442362336601
Working Capital Days -1,244-1,877-754-103-393-9310-32-235-411-845-467
ROCE %-0%6%0%-3%5%7%7%1%-4%-2%4%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 53.76%53.76%53.76%53.76%52.23%52.10%51.97%51.97%51.97%51.97%51.97%51.97%
FIIs 0.00%0.00%0.00%0.00%0.06%0.00%0.01%0.00%0.00%0.01%0.00%0.00%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.11%0.11%0.11%0.11%0.11%
Public 46.24%46.24%46.24%46.24%47.70%47.89%48.04%47.92%47.92%47.91%47.92%47.92%
No. of Shareholders 21,82521,86923,59925,67051,89652,53451,03850,49251,19552,76354,58153,152

Shareholding Pattern Chart

No. of Shareholders

Bharat Road Network Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 16.22-13.49-24.45-46.30-14.15
Diluted EPS (Rs.) 16.22-13.49-24.45-46.30-14.15
Cash EPS (Rs.) 25.05-3.73-16.67-24.83-9.36
Book Value[Excl.RevalReserv]/Share (Rs.) 39.4034.0947.6171.69118.10
Book Value[Incl.RevalReserv]/Share (Rs.) 39.4034.0947.6171.69118.10
Revenue From Operations / Share (Rs.) 32.6745.2338.8725.7824.96
PBDIT / Share (Rs.) 31.2517.764.3511.679.80
PBIT / Share (Rs.) 22.418.00-2.416.565.09
PBT / Share (Rs.) 15.97-14.42-25.46-32.20-14.81
Net Profit / Share (Rs.) 16.22-13.49-23.44-29.94-14.06
NP After MI And SOA / Share (Rs.) 16.81-13.34-24.96-44.83-13.61
PBDIT Margin (%) 95.6339.2511.1945.2639.26
PBIT Margin (%) 68.6017.68-6.2025.4320.41
PBT Margin (%) 48.86-31.87-65.49-124.89-59.36
Net Profit Margin (%) 49.62-29.81-60.28-116.14-56.34
NP After MI And SOA Margin (%) 51.44-29.49-64.22-173.90-54.52
Return on Networth / Equity (%) 42.66-58.91-69.30-73.92-12.88
Return on Capital Employeed (%) 23.354.29-1.012.481.63
Return On Assets (%) 9.83-4.09-7.74-13.22-3.63
Long Term Debt / Equity (X) 0.514.994.102.631.59
Total Debt / Equity (X) 1.316.994.672.931.59
Asset Turnover Ratio (%) 0.130.130.110.040.01
Current Ratio (X) 0.790.480.790.871.22
Quick Ratio (X) 0.790.480.790.871.22
Interest Coverage Ratio (X) 4.840.790.190.530.49
Interest Coverage Ratio (Post Tax) (X) 3.510.39-0.010.400.29
Enterprise Value (Cr.) 563.951650.751530.301784.861702.33
EV / Net Operating Revenue (X) 2.064.354.698.258.12
EV / EBITDA (X) 2.1511.0741.8918.2220.69
MarketCap / Net Operating Revenue (X) 0.881.270.671.111.15
Price / BV (X) 0.732.530.730.470.27
Price / Net Operating Revenue (X) 0.881.270.671.111.15
EarningsYield 0.57-0.23-0.94-1.56-0.47

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bharat Road Network Ltd. is a Public Limited Listed company incorporated on 02/08/2007 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L45203WB2006PLC112235 and registration number is 112235. Currently Company is involved in the business activities of Management consultancy activities. Company's Total Operating Revenue is Rs. 5.91 Cr. and Equity Capital is Rs. 83.95 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringPlot No. X1 - 2 & 3, Ground Floor, Block - EP, Kolkata West Bengal 700091Contact not found
Management
NamePosition Held
Prof. Santanu RayChairman
Mr. Bajrang Kumar ChoudharyManaging Director
Mr. Rajesh LihalaDirector
Mr. Jaydeep ChakrabortyDirector
Dr.(Ms.) Manta DeyDirector
Mr. Shree Ram TewariDirector

FAQ

What is the intrinsic value of Bharat Road Network Ltd and is it undervalued?

As of 17 April 2026, Bharat Road Network Ltd's intrinsic value is ₹114.33, which is 521.36% higher than the current market price of ₹18.40, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (53.7 %), book value (₹49.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bharat Road Network Ltd?

Bharat Road Network Ltd is trading at ₹18.40 as of 17 April 2026, with a FY2026-2027 high of ₹31.3 and low of ₹16.6. The stock is currently near its 52-week low. Market cap stands at ₹155 Cr..

How does Bharat Road Network Ltd's P/E ratio compare to its industry?

Bharat Road Network Ltd has a P/E ratio of 5.41, which is below the industry average of 36.56. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Bharat Road Network Ltd financially healthy?

Key indicators for Bharat Road Network Ltd: ROCE of 15.1 % indicates efficient capital utilization; ROE of 53.7 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Bharat Road Network Ltd profitable and how is the profit trend?

Bharat Road Network Ltd reported a net profit of ₹136 Cr in Mar 2025 on revenue of ₹274 Cr. Compared to ₹-389 Cr in Mar 2022, the net profit shows an improving trend.

Does Bharat Road Network Ltd pay dividends?

Bharat Road Network Ltd has a dividend yield of 0.00 % at the current price of ₹18.40. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bharat Road Network Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports