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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Bharat Road Network Ltd

About the Company - Bharat Road Network Ltd

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. 91.24 Cr. and Equity Capital is Rs. 83.95 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringPlot X1 . 2 & 3, Ground Floor, Block . EP Sector . V, Kolkata West Bengal 700091cs@brnl.in
http://www.brnl.in
Management
NamePosition Held
Mr. Brahm DuttChairman
Mr. Bajrang Kumar ChoudharyManaging Director
Mr. Praful TayalDirector
Prof. Santanu RayDirector
Mr. Rakesh Kumar GuptaDirector
Dr.(Ms.) Tuk Tuk Ghosh KumarDirector
Mr. Shree Ram TewariDirector

Basic Stock Data of Bharat Road Network Ltd

Last Updated: May 13, 2024, 12:12 pm

Market Cap 445 Cr.
Current Price 53.2
High / Low98.5/26.0
Stock P/E
Book Value 27.9
Dividend Yield0.00 %
ROCE2.35 %
ROE52.5 %
Face Value 10.0
PEG Ratio0.00

Competitors of Bharat Road Network Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
SPML Infra Ltd – a Multi-sector Infrastructure Player 671 Cr. 137154/30.243.0 69.30.00 %2.51 %0.11 % 2.00
SKIL Infrastructure Ltd 121 Cr. 5.6010.2/3.0041.5 9.140.00 %0.21 %% 10.0
Patel Engineering Ltd 5,282 Cr. 62.679.0/25.423.8 40.80.00 %13.9 %7.34 % 1.00
Setubandhan Infrastructure Ltd 7.54 Cr. 0.601.00/0.5583.8 3.940.00 %0.44 %0.18 % 1.00
Hindustan Construction Company Ltd 6,784 Cr. 40.446.0/16.439.8 3.900.00 %16.6 %% 1.00
Industry Average2,573.11 Cr49.2446.3825.420.00%6.73%1.53%3.00

Bharat Road Network Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales64614557714468679794999197
Expenses11111444423171423167109479849
Operating Profit53-4901348275444-70-1552-749
OPM %83%-81%1%22%67%61%79%66%-72%-16%53%-7%50%
Other Income107621-142116-52222
Interest54-94545474546454646474847
Depreciation1112811111313131515161616
Profit before tax-2-45-47-42-9-1736-9-136-74-9-68-12
Tax %-253%16%2%17%-13%7%-60%0%6%7%22%3%16%
Net Profit3-41-39-34-13-3030-9-128-69-7-66-10
EPS in Rs0.20-4.25-3.98-3.73-1.32-35.79-0.41-1.53-15.83-7.20-1.40-6.64-1.87

Last Updated: May 11, 2024, 3:48 pm

Bharat Road Network Ltd Quarterly Chart

Bharat Road Network Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales11081142153401299210216326381
Expenses31094173172248116163266322421
Operating Profit-2-0-1-3-32-1815318446-504-40
OPM %-312%-1%-11%-388%-22%-12%38%61%22%-23%1%-10%
Other Income20334198483435-133142
Interest175141503144205193167182184187
Depreciation000000343639435762
Profit before tax-17-51-8-50-6235-37-12-125-408-222-288
Tax %0%0%0%0%-1%33%-16%-9%5%5%8%
Net Profit-17-61-26-93-6223-44-13-119-389-205-270
EPS in Rs-16.88-60.76-26.42-92.54-11.402.78-4.56-1.90-13.61-44.83-24.96-31.07
Dividend Payout %0%0%0%0%0%36%-11%0%0%0%0%

Bharat Road Network Ltd Profit & Loss Yearly Chart

Bharat Road Network Ltd Growth

Compounded Sales Growth
10 Years:44%
5 Years:-1%
3 Years:22%
TTM:16%
Compounded Profit Growth
10 Years:-17%
5 Years:%
3 Years:2%
TTM:47%
Stock Price CAGR
10 Years:%
5 Years:-9%
3 Years:27%
1 Year:95%
Return on Equity
10 Years:%
5 Years:-21%
3 Years:-42%
Last Year:-45%

Last Updated: May 13, 2024, 12:12 pm

Bharat Road Network Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital101010105584848484848484
Reserves140-4-77386979928917802425218150
Borrowings2984625678855591,0411,3721,5561,5391,4921,4131,369
Other Liabilities64356182314655817677178459911,098
Total Liabilities3285166298371,2312,5692,9653,3243,1432,8462,7062,702
Fixed Assets0222258938691,6891,6611,6291,5361,799
CWIP0551603034205427971001321582420
Investments320374381361449562523486426206119119
Other Assets786861713375737761,048924853810784
Total Assets3285166298371,2312,5692,9653,3243,1432,8462,7062,702

Bharat Road Network Ltd Reserves and Borrowings Chart

Bharat Road Network Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 119-32-35-91432962385122259
Cash from Investing Activity -296-4638-215-333-1,031-365-15716819644
Cash from Financing Activity 29952-3026435388186-86-199-233-213
Net Cash Flow425-241411-717-520-1590

Bharat Road Network Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days242100851,124122479014423623366
Inventory Days
Days Payable
Cash Conversion Cycle242100851,124122479014423623366
Working Capital Days-1,385-1,244-1,8775,45133-274-471018826-217
ROCE %-0%6%0%-3%5%7%7%1%-4%-2%

Bharat Road Network Ltd Financial Efficiency Indicators Chart

Bharat Road Network Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters53.76%53.76%53.76%53.76%53.76%53.76%53.76%53.76%53.76%53.76%53.76%53.76%
DIIs0.79%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public45.45%46.23%46.24%46.24%46.24%46.24%46.24%46.24%46.24%46.24%46.24%46.24%
No. of Shareholders17,04417,59917,17117,76121,90721,45021,18921,84021,82521,86923,59925,670

Bharat Road Network Ltd Shareholding Pattern Chart

No. of Bharat Road Network Ltd Shareholders

This stock is not held by any mutual fund

Bharat Road Network Ltd ROCE Trend

Bharat Road Network Ltd EPS Trend

Bharat Road Network Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-24.45-46.30-14.15-1.54-5.19
Diluted EPS (Rs.)-24.45-46.30-14.15-1.54-5.19
Cash EPS (Rs.)-16.67-24.83-9.362.201.49
Book Value[Excl.RevalReserv]/Share (Rs.)47.6171.69118.10132.33133.21
Book Value[Incl.RevalReserv]/Share (Rs.)47.6171.69118.10132.33133.21
Revenue From Operations / Share (Rs.)38.8725.7824.9635.6447.81
PBDIT / Share (Rs.)4.3511.679.8025.3726.61
PBIT / Share (Rs.)-2.416.565.0921.0422.60
PBT / Share (Rs.)-25.46-32.20-14.81-2.00-1.80
Net Profit / Share (Rs.)-23.44-29.94-14.06-2.13-2.52
NP After MI And SOA / Share (Rs.)-24.96-44.83-13.61-1.90-4.56
PBDIT Margin (%)11.1945.2639.2671.1755.65
PBIT Margin (%)-6.2025.4320.4159.0347.26
PBT Margin (%)-65.49-124.89-59.36-5.61-3.76
Net Profit Margin (%)-60.28-116.14-56.34-5.98-5.26
NP After MI And SOA Margin (%)-64.22-173.90-54.52-5.33-9.53
Return on Networth / Equity (%)-69.30-73.92-12.88-1.59-3.78
Return on Capital Employeed (%)-1.012.481.636.517.71
Return On Assets (%)-7.74-13.22-3.63-0.48-1.29
Long Term Debt / Equity (X)4.102.631.591.471.30
Total Debt / Equity (X)4.672.931.591.471.34
Asset Turnover Ratio (%)0.110.040.010.000.01
Current Ratio (X)0.790.871.221.160.94
Quick Ratio (X)0.790.871.221.160.94
Dividend Payout Ratio (NP) (%)0.000.000.00-31.68-13.22
Dividend Payout Ratio (CP) (%)0.000.000.0024.83-111.07
Earning Retention Ratio (%)0.000.000.00131.68113.22
Cash Earning Retention Ratio (%)0.000.000.0075.17211.07
Interest Coverage Ratio (X)0.190.530.491.101.09
Interest Coverage Ratio (Post Tax) (X)-0.010.400.290.900.89
Enterprise Value (Cr.)1530.301784.861702.331812.492234.16
EV / Net Operating Revenue (X)4.698.258.126.065.57
EV / EBITDA (X)41.8918.2220.698.5110.00
MarketCap / Net Operating Revenue (X)0.671.111.150.851.98
Retention Ratios (%)0.000.000.00131.68113.22
Price / BV (X)0.730.470.270.250.78
Price / Net Operating Revenue (X)0.671.111.150.851.98
EarningsYield-0.94-1.56-0.47-0.06-0.04

Bharat Road Network Ltd Profitability Ratios (%)

Bharat Road Network Ltd Liquidity Ratios

Bharat Road Network Ltd Liquidity Ratios (%)

Bharat Road Network Ltd Interest Coverage Ratios (X)

Bharat Road Network Ltd Valuation Ratios

Fair Value

Fair Value: ₹224.11

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 321.25% compared to the current price ₹53.2

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: ₹113.38

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 113.12% compared to the current price ₹53.2

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -49.41%

*Investments are subject to market risks

Strength and Weakness of Bharat Road Network Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -25.36, which is a positive sign.
  1. The stock has a low average ROCE of 1.55%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 132.36, which may not be favorable.
  3. The company has higher borrowings (1,046.08) compared to reserves (394.83), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (179.00) and profit (-103.75).

Should I Buy Bharat Road Network Ltd Share Now?

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bharat Road Network Ltd:
    1. Net Profit Margin: -60.28%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -1.01% (Industry Average ROCE: 9.69%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -69.30% (Industry Average ROE: 301.88%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -0.01
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.79
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✓ Stock P/E: (Industry average Stock P/E: 58.92)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✗ Total Debt / Equity: 4.67
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

FAQ

What is the latest fair value of Bharat Road Network Ltd?

The latest fair value of Bharat Road Network Ltd is ₹224.11.

What is the Market Cap of Bharat Road Network Ltd?

The Market Cap of Bharat Road Network Ltd is 445 Cr..

What is the current Stock Price of Bharat Road Network Ltd as on 30 May 2024?

The current stock price of Bharat Road Network Ltd as on 30 May 2024 is ₹53.2.

What is the High / Low of Bharat Road Network Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bharat Road Network Ltd stocks is 98.5/26.0.

What is the Stock P/E of Bharat Road Network Ltd?

The Stock P/E of Bharat Road Network Ltd is .

What is the Book Value of Bharat Road Network Ltd?

The Book Value of Bharat Road Network Ltd is 27.9.

What is the Dividend Yield of Bharat Road Network Ltd?

The Dividend Yield of Bharat Road Network Ltd is 0.00 %.

What is the ROCE of Bharat Road Network Ltd?

The ROCE of Bharat Road Network Ltd is 2.35 %.

What is the ROE of Bharat Road Network Ltd?

The ROE of Bharat Road Network Ltd is 52.5 %.

What is the Face Value of Bharat Road Network Ltd?

The Face Value of Bharat Road Network Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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