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Last Updated: March 31, 2026, 4:17 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 530809 | NSE: BNRUDY

BNR Udyog Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹22.23Overvalued by 31.81%vs CMP ₹32.60

P/E (15.0) × ROE (5.5%) × BV (₹32.90) × DY (2.00%)

Defaults: P/E=15

₹27.07Overvalued by 16.96%vs CMP ₹32.60
MoS: -20.4% (Negative)Confidence: 31/100 (Low)Models: 2 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹16.4532%Over (-49.5%)
Earnings PowerEarnings₹37.4119%Under (+14.8%)
Net Asset ValueAssets₹32.9319%Fair (+1%)
ROCE CapitalReturns₹48.1916%Under (+47.8%)
Revenue MultipleRevenue₹5.5714%Over (-82.9%)
Consensus (5 models)₹27.07100%Overvalued
Key Drivers: EPS CAGR -26.0% drags value — could be higher if earnings stabilize. | Wide model spread (₹6–₹48) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -26.0% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

42
BNR Udyog Ltd scores 42/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health59/100 · Moderate
ROCE 10.0% AverageROE 5.5% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 71.6% Stable
Earnings Quality30/100 · Weak
OPM contracting (37% → 9%) DecliningWorking capital: 216 days Capital intensive
Quarterly Momentum45/100 · Moderate
Revenue (4Q): -52% YoY DecliningOPM: -37.1% (up 80.4% YoY) Margin expansion
Industry Rank20/100 · Weak
ROCE 10.0% vs industry 19.3% Below peersROE 5.5% vs industry 20.9% Below peers3Y sales CAGR: -7% Shrinking

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: March 31, 2026, 4:17 am

Market Cap 9.78 Cr.
Current Price 32.6
Intrinsic Value₹27.07
High / Low 90.0/28.0
Stock P/E
Book Value 32.9
Dividend Yield0.00 %
ROCE10.0 %
ROE5.52 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for BNR Udyog Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
N2N Technologies Ltd 9.20 Cr. 28.5 42.2/14.26.05 21.30.00 %4.04 %24.0 % 10.0
eMudhra Ltd 3,257 Cr. 393 908/36531.7 98.20.32 %15.3 %12.1 % 5.00
BNR Udyog Ltd 9.78 Cr. 32.6 90.0/28.0 32.90.00 %10.0 %5.52 % 10.0
BLS E-Services Ltd 1,480 Cr. 163 233/12426.4 55.50.61 %15.8 %11.0 % 10.0
BGIL Films & Technologies Ltd 10.8 Cr. 9.51 24.7/6.35 16.70.00 %0.34 %0.88 % 10.0
Industry Average5,854.87 Cr451.9723.74177.460.54%19.34%20.92%7.41

All Competitor Stocks of BNR Udyog Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1.481.080.420.960.840.820.620.430.57-0.070.520.110.62
Expenses 0.550.790.390.450.660.570.410.021.240.770.240.400.85
Operating Profit 0.930.290.030.510.180.250.210.41-0.67-0.840.28-0.29-0.23
OPM % 62.84%26.85%7.14%53.12%21.43%30.49%33.87%95.35%-117.54%53.85%-263.64%-37.10%
Other Income 0.010.024.080.040.040.040.010.020.040.050.030.240.02
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.020.020.020.020.020.020.030.030.030.030.030.030.03
Profit before tax 0.920.294.090.530.200.270.190.40-0.66-0.820.28-0.08-0.24
Tax % 0.00%93.10%0.00%0.00%0.00%288.89%0.00%0.00%0.00%-54.88%0.00%0.00%0.00%
Net Profit 0.920.034.090.530.20-0.510.190.40-0.66-0.370.28-0.08-0.24
EPS in Rs 3.070.1013.631.770.67-1.700.631.33-2.20-1.230.93-0.27-0.80

Last Updated: March 3, 2026, 11:40 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 1:50 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3.472.678.3412.881.880.880.901.692.083.937.241.671.18
Expenses 2.481.848.3612.381.651.251.241.131.302.532.072.552.26
Operating Profit 0.990.83-0.020.500.23-0.37-0.340.560.781.405.17-0.88-1.08
OPM % 28.53%31.09%-0.24%3.88%12.23%-42.05%-37.78%33.14%37.50%35.62%71.41%-52.69%-91.53%
Other Income 0.150.140.180.130.100.110.000.000.000.000.000.000.34
Interest 0.070.010.040.020.020.010.010.010.000.000.000.000.00
Depreciation 0.260.600.290.210.210.150.060.050.050.060.080.120.12
Profit before tax 0.810.36-0.170.400.10-0.42-0.410.500.731.345.09-1.00-0.86
Tax % 32.10%-5.56%23.53%-12.50%20.00%0.00%-41.46%42.00%12.33%20.15%15.32%-45.00%
Net Profit 0.550.38-0.210.450.08-0.41-0.240.280.641.084.31-0.55-0.41
EPS in Rs 1.831.27-0.701.500.27-1.37-0.800.932.133.6014.37-1.83-1.37
Dividend Payout % 54.55%78.95%-142.86%46.67%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-30.91%-155.26%314.29%-82.22%-612.50%41.46%216.67%128.57%68.75%299.07%-112.76%
Change in YoY Net Profit Growth (%)0.00%-124.35%469.55%-396.51%-530.28%653.96%175.20%-88.10%-59.82%230.32%-411.84%

BNR Udyog 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:-5%
5 Years:13%
3 Years:-7%
TTM:-55%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-266%
Stock Price CAGR
10 Years:11%
5 Years:25%
3 Years:37%
1 Year:-28%
Return on Equity
10 Years:10%
5 Years:18%
3 Years:21%
Last Year:-6%

Last Updated: September 5, 2025, 2:46 pm

Balance Sheet

Last Updated: March 3, 2026, 12:40 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3.003.003.003.003.003.003.003.003.003.003.003.003.00
Reserves 2.742.492.281.591.541.150.441.031.592.797.236.696.88
Borrowings 0.050.011.040.830.160.220.150.03-0.00-0.00-0.00-0.00-0.00
Other Liabilities 1.690.946.721.300.660.390.680.920.950.711.500.330.43
Total Liabilities 7.486.4413.046.725.364.764.274.985.546.5011.7310.0210.31
Fixed Assets 1.910.640.721.251.061.091.761.020.981.352.602.501.31
CWIP -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
Investments 1.432.153.672.182.181.871.321.552.481.294.905.813.58
Other Assets 4.143.658.653.292.121.801.192.412.083.864.231.715.42
Total Assets 7.486.4413.046.725.364.764.274.985.546.5011.7310.0210.31

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1.290.001.42-0.21-0.42-0.360.71-1.02-0.25-1.53-0.72-2.87
Cash from Investing Activity + 0.050.00-1.900.450.340.30-0.611.81-0.173.141.510.10
Cash from Financing Activity + -1.030.000.64-0.23-0.950.05-0.08-0.040.000.000.000.00
Net Cash Flow 0.310.000.160.01-1.020.000.020.74-0.431.620.79-2.77
Free Cash Flow 1.210.000.35-0.22-0.44-0.530.67-0.40-0.26-1.79-1.16-2.89
CFO/OP 158%0%-7,100%-42%-183%105%-209%-180%-22%-109%0%326%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.940.82-1.06-0.330.07-0.59-0.490.530.781.405.17-0.88

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 113.60138.07283.1633.44211.62319.38214.94241.89182.5042.7222.1837.16
Inventory Days
Days Payable
Cash Conversion Cycle 113.60138.07283.1633.44211.62319.38214.94241.89182.5042.7222.1837.16
Working Capital Days 109.39188.65-25.823.40232.98510.1777.06149.02128.1088.232.02216.38
ROCE %14.72%6.38%-2.71%7.16%2.37%-9.04%-10.05%13.33%16.88%25.82%63.55%-10.04%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.12%72.12%72.12%72.12%71.09%71.46%71.46%71.46%71.46%71.46%71.59%71.59%
Public 27.87%27.88%27.87%27.88%28.91%28.55%28.54%28.55%28.54%28.54%28.41%28.41%
No. of Shareholders 1,3481,3741,6102,2952,5822,5812,7852,6572,6742,6182,6002,539

Shareholding Pattern Chart

No. of Shareholders

BNR Udyog 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 14Mar 13Mar 12
FaceValue 10.0010.0010.00
Basic EPS (Rs.) 1.822.182.31
Diluted EPS (Rs.) 1.822.182.31
Cash EPS (Rs.) 2.682.812.52
Book Value[Excl.RevalReserv]/Share (Rs.) 19.1418.4917.48
Book Value[Incl.RevalReserv]/Share (Rs.) 19.1418.4917.48
Revenue From Operations / Share (Rs.) 11.5611.1811.84
PBDIT / Share (Rs.) 3.783.813.53
PBIT / Share (Rs.) 2.923.183.32
PBT / Share (Rs.) 2.693.043.30
Net Profit / Share (Rs.) 1.822.182.31
NP After MI And SOA / Share (Rs.) 1.822.182.31
PBDIT Margin (%) 32.7434.1029.80
PBIT Margin (%) 25.2828.4828.00
PBT Margin (%) 23.2627.1527.90
Net Profit Margin (%) 15.7419.5019.49
NP After MI And SOA Margin (%) 15.7419.5019.49
Return on Networth / Equity (%) 9.5011.7813.20
Return on Capital Employeed (%) 13.8615.7417.56
Return On Assets (%) 7.298.1710.79
Long Term Debt / Equity (X) 0.000.010.00
Total Debt / Equity (X) 0.000.110.00
Asset Turnover Ratio (%) 0.440.000.00
Current Ratio (X) 2.231.453.84
Quick Ratio (X) 1.601.072.86
Dividend Payout Ratio (NP) (%) 64.2853.660.00
Dividend Payout Ratio (CP) (%) 43.6041.640.00
Earning Retention Ratio (%) 35.7246.340.00
Cash Earning Retention Ratio (%) 56.4058.360.00
Interest Coverage Ratio (X) 16.2126.6181.45
Interest Coverage Ratio (Post Tax) (X) 8.7916.2553.56
Enterprise Value (Cr.) 3.344.093.36
EV / Net Operating Revenue (X) 0.961.220.94
EV / EBITDA (X) 2.943.583.17
MarketCap / Net Operating Revenue (X) 1.071.061.04
Retention Ratios (%) 35.7146.330.00
Price / BV (X) 0.640.630.70
Price / Net Operating Revenue (X) 1.071.061.04
EarningsYield 0.140.180.18

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

BNR Udyog Ltd. is a Public Limited Listed company incorporated on 29/11/1994 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L67120TG1994PLC018841 and registration number is 018841. Currently company belongs to the Industry of IT Enabled Services. Company's Total Operating Revenue is Rs. 1.55 Cr. and Equity Capital is Rs. 3.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Enabled Services6-3-650, 218, 2nd Floor, Hyderabad Telangana 500082Contact not found
Management
NamePosition Held
Mr. Kamal Narayan RathiManaging Director
Mr. Sandeep RathiExecutive Director & CFO
Mr. J Vikramdev RaoNon Exe.Non Ind.Director
Mr. T BharadwajNon Exe.Non Ind.Director
Mr. Sreeram AthotaIndependent Director
Mrs. Vidya HarkutIndependent Director

FAQ

What is the intrinsic value of BNR Udyog Ltd and is it undervalued?

As of 13 April 2026, BNR Udyog Ltd's intrinsic value is ₹27.07, which is 16.96% lower than the current market price of ₹32.60, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (5.52 %), book value (₹32.9), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of BNR Udyog Ltd?

BNR Udyog Ltd is trading at ₹32.60 as of 13 April 2026, with a FY2026-2027 high of ₹90.0 and low of ₹28.0. The stock is currently near its 52-week low. Market cap stands at ₹9.78 Cr..

How does BNR Udyog Ltd's P/E ratio compare to its industry?

BNR Udyog Ltd has a P/E ratio of , which is below the industry average of 23.74. This is broadly in line with or below the industry average.

Is BNR Udyog Ltd financially healthy?

Key indicators for BNR Udyog Ltd: ROCE of 10.0 % is on the lower side compared to the industry average of 19.34%; ROE of 5.52 % is below ideal levels (industry average: 20.92%). Dividend yield is 0.00 %.

Is BNR Udyog Ltd profitable and how is the profit trend?

BNR Udyog Ltd reported a net profit of ₹-1 Cr in Mar 2025 on revenue of ₹2 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows a declining trend.

Does BNR Udyog Ltd pay dividends?

BNR Udyog Ltd has a dividend yield of 0.00 % at the current price of ₹32.60. 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 BNR Udyog 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
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