About Bharat Road Network Limited
Data last updated:
Bharat Road Network Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 22 December 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L45203WB2006PLC112235. Its GSTIN is 19AADCB0921B1ZB (West Bengal). The company holds 6 GST registrations, all of them active. Its shares are listed on BSE: 540700 and NSE: BRNL.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹83.95 Cr. It is led by directors including Bajrang Kumar Choudhary and Shree Ram Tewari.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. X1 – 2 & 3 Ground Floor Block – Ep Sector – V Salt Lake City, Kolkata, West Bengal, India – 700091.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹154.3 Cr, a decline of 43.7% compared to the previous year. For the same year it recorded a net loss of ₹29.64 Cr (net margin -19.2%) and EBITDA of -₹24.39 Cr (EBITDA margin -15.8%). The net worth stands at ₹402.63 Cr (up 21.7% YoY). Total assets are valued at ₹1,198.84 Cr (up 12.1% YoY).
The company has about 9 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹1,529.57 Cr and satisfied charges of ₹3,154.55 Cr on record. Court records list 18 cases involving the company, including 5 filed by the company and 10 filed against it; 7 cases are pending. The company has 28 deals on record (27 market trades, 1 ipo); the latest was in August 2025. Its 10 peer companies in the Infrastructure industry (Infrastructure Services, Roads and Bridges) are compared by revenue, 5 larger and 5 smaller; the largest is National Highways & Infrastructure Development Corporation Limited with revenue of ₹490.92 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2020, listing 14 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website brnl.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No. X1 – 2 & 3 Ground Floor Block – Ep Sector – V Salt Lake City, Kolkata, West Bengal, India – 700091
- IndustryInfrastructure and Utilities, General Infrastructure Services, Road & Bridge Construction
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Bharat Road Network Limited
The main business activity of Bharat Road Network is construction. In detail, this covers roads, railways, utility projects.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Bharat Road Network Limited FY 2025-26 filings available
Bharat Road Network Limited reported revenue of ₹154.3 Cr (down 43.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 154 | 274 | 380 | 326 | 216 | 210 | 299 |
| Revenue growth | -43.8% | -27.8% | +16.4% | +50.8% | +3.3% | -30.0% | - |
| EBITDA | (24.39) | 56.60 | 138 | (5.31) | (193) | 46.06 | 184 |
| EBITDA margin | -15.8% | +20.6% | +36.3% | -1.6% | -89.1% | +22.0% | +61.4% |
| Profit before tax | (59.13) | 134 | (121) | (222) | (408) | (125) | (11.83) |
| Net profit | (29.64) | 140 | (113) | (217) | (235) | (118) | (21.07) |
| Net profit margin | -19.2% | +51.0% | -29.9% | -66.6% | -108.6% | -56.4% | -7.0% |
| EPS (₹) | (7.08) | 16.81 | (13.34) | (24.96) | (44.83) | (13.61) | (1.90) |
| Balance sheet | |||||||
| Total assets | 1,199 | 1,069 | 1,943 | 2,162 | 2,370 | 2,737 | 2,790 |
| Net worth | 403 | 331 | 190 | 302 | 509 | 886 | 1,001 |
| Total debt | 434 | 434 | 1,328 | 1,413 | 1,492 | 1,539 | 1,556 |
| Cash & bank | 350 | 205 | 255 | 201 | 41.25 | 56.91 | 24.09 |
| Net working capital | 556 | 118 | (246) | 7.03 | 56.64 | 165 | 118 |
| Cash flow | |||||||
| Cash from operations | (126) | 71.40 | 264 | 259 | 21.95 | 51.27 | 238 |
| Cash from investing | 328 | (61.82) | (208) | 80.75 | 196 | 168 | (157) |
| Cash from financing | (80.00) | (68.15) | (114) | (250) | (233) | (199) | (85.83) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 47.39 | 48.90 | 42.05 | 17.10 | 46.25 | 47.26 | 232 | 76.21 |
| Revenue growth (YoY) | +2.5% | +3.5% | -81.9% | -77.6% | -55.1% | - | - | - |
| Other income | 5.98 | (48.48) | 8.02 | 66.55 | 4.79 | 5.98 | 6.56 | 4.61 |
| EBITDA | (73.20) | (39.60) | 34.31 | (47.17) | 28.07 | 5.25 | 177 | 8.32 |
| EBITDA margin | -154.5% | -81.0% | +81.6% | -275.8% | +60.7% | +11.1% | +371.2% | +10.9% |
| Depreciation | 20.13 | 22.04 | 17.38 | 7.10 | 19.08 | 17.93 | 17.64 | 17.62 |
| Interest | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 1.18 | 1.32 | 5.17 |
| Profit before tax | (87.35) | (110) | 24.95 | 12.28 | 13.78 | (7.88) | 165 | (9.86) |
| Tax | (0.08) | 0.06 | (0.27) | 0.13 | 0.42 | (0.76) | 0.53 | 0.24 |
| Net profit | (87.27) | (110) | 25.22 | 12.15 | 13.36 | (7.12) | 164 | (10.10) |
| EPS (₹) | (10.40) | (13.13) | 3.00 | 1.44 | 1.59 | (0.85) | 19.57 | (1.21) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 6.03 | 5.91 | 7.35 | 26.74 | 91.24 | 19.10 | 6.67 |
| Revenue growth | +2.0% | -19.6% | -72.5% | -70.7% | +377.7% | +186.4% | - |
| EBITDA | (2.12) | (309) | (1.89) | (68.41) | (318) | (27.03) | (5.39) |
| EBITDA margin | -35.2% | -5222.0% | -25.7% | -255.8% | -348.6% | -141.5% | -80.8% |
| Profit before tax | 3.77 | (310) | (29.88) | (97.16) | (341) | (37.20) | 3.27 |
| Net profit | 3.44 | (308) | (22.07) | (52.50) | (26.72) | (30.88) | 2.24 |
| Net profit margin | +57.1% | -5214.0% | -300.3% | -196.3% | -29.3% | -161.7% | +33.6% |
| EPS (₹) | 0.41 | (36.71) | (2.63) | (9.55) | (38.38) | (3.68) | 0.27 |
| Balance sheet | |||||||
| Total assets | 680 | 676 | 984 | 1,129 | 1,183 | 1,492 | 1,319 |
| Net worth | 416 | 412 | 721 | 743 | 823 | 1,145 | 1,176 |
| Total debt | 264 | 264 | 264 | 307 | 310 | 325 | 143 |
| Cash & bank | 5.67 | 67.84 | 67.31 | 67.34 | 12.40 | 13.92 | 0.05 |
| Net working capital | 240 | 215 | 241 | 330 | 268 | 352 | 131 |
| Cash flow | |||||||
| Cash from operations | (16.66) | (3.56) | (1.34) | (53.21) | 50.23 | (102) | (67.46) |
| Cash from investing | 97.82 | 3.23 | 45.35 | 87.35 | (9.07) | (56.77) | 51.41 |
| Cash from financing | (80.00) | 0.00 | (43.85) | (33.85) | (42.17) | 161 | 16.01 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.83 | 1.51 | 1.51 | 1.51 | 1.51 | 1.51 | 1.51 | 1.44 |
| Revenue growth (YoY) | +21.2% | 0.0% | 0.0% | +4.9% | +4.9% | - | - | - |
| Other income | 0.11 | 0.71 | 1.32 | 1.92 | 2.01 | 2.02 | 1.99 | 1.97 |
| Total expenses | 155 | 2.34 | 1.96 | 1.99 | 1.86 | 5.79 | 256 | 50.83 |
| EBITDA | (153) | (0.83) | (0.45) | (0.48) | (0.35) | (4.28) | (254) | (49.39) |
| EBITDA margin | -8343.7% | -55.0% | -29.8% | -31.8% | -23.2% | -283.4% | - | -3429.9% |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (153) | (0.15) | 0.86 | 1.43 | 1.65 | (2.27) | (252) | (47.43) |
| Tax | (0.08) | 0.06 | (0.27) | 0.13 | 0.42 | (0.76) | 0.53 | 0.24 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 47.39 | 48.90 | 42.05 | 17.10 | 46.25 | 47.26 | 232 | 76.21 |
| Revenue growth (YoY) | +2.5% | +3.5% | -81.9% | -77.6% | -55.1% | - | - | - |
| Other income | 5.98 | (48.48) | 8.02 | 66.55 | 4.79 | 5.98 | 6.56 | 4.61 |
| EBITDA | (73.20) | (39.60) | 34.31 | (47.17) | 28.07 | 5.25 | 177 | 8.32 |
| EBITDA margin | -154.5% | -81.0% | +81.6% | -275.8% | +60.7% | +11.1% | +371.2% | +10.9% |
| Depreciation | 20.13 | 22.04 | 17.38 | 7.10 | 19.08 | 17.93 | 17.64 | 17.62 |
| Interest | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 1.18 | 1.32 | 5.17 |
| Profit before tax | (87.35) | (110) | 24.95 | 12.28 | 13.78 | (7.88) | 165 | (9.86) |
| Tax | (0.08) | 0.06 | (0.27) | 0.13 | 0.42 | (0.76) | 0.53 | 0.24 |
| Net profit | (87.27) | (110) | 25.22 | 12.15 | 13.36 | (7.12) | 164 | (10.10) |
| EPS (₹) | (10.40) | (13.13) | 3.00 | 1.44 | 1.59 | (0.85) | 19.57 | (1.21) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 154 | 274 | 380 | 326 | 216 | 210 | 299 |
| Revenue growth | -43.8% | -27.8% | +16.4% | +50.8% | +3.3% | -30.0% | - |
| Other income | 30.89 | 206 | 11.38 | 23.75 | 10.33 | 35.44 | 34.25 |
| Total expenses | 179 | 218 | 242 | 332 | 409 | 163 | 116 |
| Employee cost | 0.00 | 6.01 | 10.54 | 12.57 | 13.83 | 13.52 | 13.93 |
| EBITDA | (24.39) | 56.60 | 138 | (5.31) | (193) | 46.06 | 184 |
| EBITDA margin | -15.8% | +20.6% | +36.3% | -1.6% | -89.1% | +22.0% | +61.4% |
| Depreciation | 65.61 | 74.14 | 81.92 | 56.76 | 42.90 | 39.48 | 36.35 |
| Interest | 0.02 | 54.14 | 188 | 184 | 182 | 167 | 193 |
| Profit before tax | (59.13) | 134 | (121) | (222) | (408) | (125) | (11.83) |
| Tax | 0.33 | (2.10) | (7.81) | (16.99) | (18.94) | (6.31) | 1.11 |
| Net profit | (29.64) | 140 | (113) | (217) | (235) | (118) | (21.07) |
| Net profit margin | -19.2% | +51.0% | -29.9% | -66.6% | -108.6% | -56.4% | -7.0% |
| EPS (₹) | (7.08) | 16.81 | (13.34) | (24.96) | (44.83) | (13.61) | (1.90) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 83.95 | 83.95 | 83.95 | 83.95 | 83.95 | 83.95 | 83.95 |
| Reserves & surplus | 319 | 247 | 106 | 218 | 425 | 802 | 917 |
| Shareholders' funds (net worth) | 403 | 331 | 190 | 302 | 509 | 886 | 1,001 |
| Minority interest | 132 | 91.35 | 96.13 | 97.27 | 92.77 | 105 | 110 |
| Secured loans | 264 | 264 | 1,157 | 1,227 | 1,281 | 1,317 | 1,225 |
| Unsecured loans | 171 | 171 | 171 | 186 | 212 | 222 | 330 |
| Total debt | 434 | 434 | 1,328 | 1,413 | 1,492 | 1,539 | 1,556 |
| Total liabilities | 1,199 | 1,069 | 1,943 | 2,162 | 2,370 | 2,737 | 2,790 |
| Assets | |||||||
| Gross block | 968 | 979 | 1,829 | 1,830 | 1,867 | 1,855 | 1,845 |
| Net block | 501 | 578 | 1,453 | 1,536 | 1,629 | 1,661 | 1,689 |
| Capital work in progress | 0.00 | 1.31 | 347 | 242 | 158 | 132 | 100 |
| Investments | 93.14 | 116 | 120 | 119 | 206 | 426 | 486 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 1.21 | 0.94 | 0.49 | 58.91 | 138 | 135 | 118 |
| Cash & bank balances | 350 | 205 | 255 | 201 | 41.25 | 56.91 | 24.09 |
| Loans & advances | 441 | 277 | 291 | 291 | 354 | 379 | 503 |
| Total current assets | 792 | 484 | 546 | 551 | 533 | 571 | 645 |
| Total current liabilities | 237 | 365 | 792 | 544 | 477 | 406 | 528 |
| Net working capital | 556 | 118 | (246) | 7.03 | 56.64 | 165 | 118 |
| Total assets | 1,199 | 1,069 | 1,943 | 2,162 | 2,370 | 2,737 | 2,790 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3.73 | 62.30 | 120 | 29.24 | 44.40 | 24.08 | 29.18 |
| Net cash from operating activities | (126) | 71.40 | 264 | 259 | 21.95 | 51.27 | 238 |
| Net cash from investing activities | 328 | (61.82) | (208) | 80.75 | 196 | 168 | (157) |
| Net cash from financing activities | (80.00) | (68.15) | (114) | (250) | (233) | (199) | (85.83) |
| Net change in cash | 122 | (58.57) | (57.41) | 90.47 | (15.16) | 20.32 | (5.10) |
| Closing cash | 350 | 205 | 255 | 201 | 41.25 | 56.91 | 24.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -43.8% | -27.8% | +16.4% | +50.8% | +3.3% | -30.0% | - |
| EBITDA growth | -143.1% | -58.9% | +2693.2% | +97.3% | -518.7% | -74.9% | - |
| PBT growth | - | +9998.0% | +45.5% | +45.5% | -225.8% | -957.7% | +68.4% |
| Net income growth | -121.2% | +223.2% | +47.8% | +7.6% | -98.8% | -461.2% | - |
| Revenue CAGR (3Y) | -22.1% | +8.2% | +21.9% | +2.9% | -18.6% | +11.0% | +28.4% |
| EBITDA CAGR (3Y) | +66.2% | - | +44.1% | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | -38.5% | +49.6% | -29.8% | -62.9% | -179.6% | -56.7% | -4.3% |
| Return on capital employed | - | +10.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | +19.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 3.38 | 5.56 | 3.58 | 2.17 | 1.64 | 1.45 |
| Long-term debt / equity | - | 2.15 | 4.44 | 3.18 | 1.97 | 1.53 | 1.38 |
| Interest cover | -0.02 | -308.67 | 337.40 | -296.28 | -77.27 | 2,540.27 | 131.27 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.20 | 0.21 | 0.18 | 0.12 | 0.11 | 0.21 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 383.62 | 12.79 | 3.32 | 1.58 | 1.65 | 2.76 |
| EPS (₹) | (7.08) | 16.81 | (13.34) | (24.96) | (44.83) | (13.61) | (1.90) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 39.40 | 22.64 | 36.02 | 60.64 | 105.58 | 119.27 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.83 | 1.51 | 1.51 | 1.51 | 1.51 | 1.51 | 1.51 | 1.44 |
| Revenue growth (YoY) | +21.2% | 0.0% | 0.0% | +4.9% | +4.9% | - | - | - |
| Other income | 0.11 | 0.71 | 1.32 | 1.92 | 2.01 | 2.02 | 1.99 | 1.97 |
| Total expenses | 155 | 2.34 | 1.96 | 1.99 | 1.86 | 5.79 | 256 | 50.83 |
| EBITDA | (153) | (0.83) | (0.45) | (0.48) | (0.35) | (4.28) | (254) | (49.39) |
| EBITDA margin | -8343.7% | -55.0% | -29.8% | -31.8% | -23.2% | -283.4% | - | -3429.9% |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (153) | (0.15) | 0.86 | 1.43 | 1.65 | (2.27) | (252) | (47.43) |
| Tax | (0.08) | 0.06 | (0.27) | 0.13 | 0.42 | (0.76) | 0.53 | 0.24 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6.03 | 5.91 | 7.35 | 26.74 | 91.24 | 19.10 | 6.67 |
| Revenue growth | +2.0% | -19.6% | -72.5% | -70.7% | +377.7% | +186.4% | - |
| Other income | 5.96 | 7.91 | 6.51 | 2.14 | 4.41 | 11.89 | 10.74 |
| Total expenses | 8.15 | 315 | 9.24 | 95.15 | 409 | 46.13 | 12.06 |
| Employee cost | 0.00 | 2.25 | 2.82 | 3.66 | 3.37 | 2.50 | 4.22 |
| EBITDA | (2.12) | (309) | (1.89) | (68.41) | (318) | (27.03) | (5.39) |
| EBITDA margin | -35.2% | -5222.0% | -25.7% | -255.8% | -348.6% | -141.5% | -80.8% |
| Depreciation | 0.05 | 0.06 | 0.06 | 0.07 | 0.06 | 0.04 | 0.04 |
| Interest | 0.02 | 9.48 | 34.44 | 30.82 | 27.46 | 22.02 | 2.04 |
| Profit before tax | 3.77 | (310) | (29.88) | (97.16) | (341) | (37.20) | 3.27 |
| Tax | 0.33 | (2.10) | (7.81) | (16.99) | (18.94) | (6.32) | 1.03 |
| Net profit | 3.44 | (308) | (22.07) | (52.50) | (26.72) | (30.88) | 2.24 |
| Net profit margin | +57.1% | -5214.0% | -300.3% | -196.3% | -29.3% | -161.7% | +33.6% |
| EPS (₹) | 0.41 | (36.71) | (2.63) | (9.55) | (38.38) | (3.68) | 0.27 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 83.95 | 83.95 | 83.95 | 83.95 | 83.95 | 83.95 | 83.95 |
| Reserves & surplus | 332 | 329 | 637 | 659 | 739 | 1,061 | 1,092 |
| Shareholders' funds (net worth) | 416 | 412 | 721 | 743 | 823 | 1,145 | 1,176 |
| Secured loans | 0.00 | 0.00 | 0.00 | 194 | 197 | 197 | 7.60 |
| Unsecured loans | 264 | 264 | 264 | 114 | 114 | 129 | 135 |
| Total debt | 264 | 264 | 264 | 307 | 310 | 325 | 143 |
| Total liabilities | 680 | 676 | 984 | 1,129 | 1,183 | 1,492 | 1,319 |
| Assets | |||||||
| Gross block | 0.60 | 0.61 | 0.61 | 0.60 | 0.55 | 0.53 | 0.22 |
| Net block | 0.15 | 0.20 | 0.26 | 0.30 | 0.32 | 0.36 | 0.09 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 392 | 414 | 696 | 761 | 892 | 1,085 | 1,144 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 2.92 | 3.79 | 3.98 | 3.55 | 5.55 | 7.87 | 10.93 |
| Cash & bank balances | 5.67 | 67.84 | 67.31 | 67.34 | 12.40 | 13.92 | 0.05 |
| Loans & advances | 285 | 277 | 295 | 275 | 324 | 342 | 247 |
| Total current assets | 294 | 349 | 366 | 346 | 342 | 364 | 258 |
| Total current liabilities | 53.18 | 134 | 125 | 15.12 | 73.89 | 12.11 | 126 |
| Net working capital | 240 | 215 | 241 | 330 | 268 | 352 | 131 |
| Total assets | 680 | 676 | 984 | 1,129 | 1,183 | 1,492 | 1,319 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.52 | 0.85 | 0.69 | 0.40 | 1.41 | 0.04 | 0.08 |
| Net cash from operating activities | (16.66) | (3.56) | (1.34) | (53.21) | 50.23 | (102) | (67.46) |
| Net cash from investing activities | 97.82 | 3.23 | 45.35 | 87.35 | (9.07) | (56.77) | 51.41 |
| Net cash from financing activities | (80.00) | 0.00 | (43.85) | (33.85) | (42.17) | 161 | 16.01 |
| Net change in cash | 1.16 | (0.34) | 0.17 | 0.29 | (1.01) | 1.37 | (0.04) |
| Closing cash | 5.67 | 67.84 | 67.31 | 67.34 | 12.40 | 13.92 | 0.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +2.0% | -19.6% | -72.5% | -70.7% | +377.7% | +186.4% | - |
| EBITDA growth | +99.3% | - | +97.2% | +78.5% | -1076.6% | -401.5% | - |
| PBT growth | +9998.0% | -938.3% | +69.3% | +71.5% | -817.0% | - | -83.9% |
| Net income growth | +101.1% | -1296.2% | +58.0% | -96.5% | +13.5% | -1478.6% | - |
| Revenue CAGR (3Y) | -39.1% | -59.8% | -27.3% | +58.9% | +105.4% | -16.9% | -22.4% |
| EBITDA CAGR (3Y) | -68.6% | -1.0% | -58.8% | +133.3% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +57.1% | -5214.0% | -300.3% | -299.8% | -353.1% | -161.7% | +33.6% |
| Return on capital employed | - | 0.0% | 0.0% | 0.0% | 0.0% | -1.1% | +0.4% |
| Return on net worth | - | 0.0% | 0.0% | 0.0% | 0.0% | -2.7% | +0.2% |
| Debt / equity | - | 0.47 | 0.39 | 0.39 | 0.32 | 0.20 | 0.11 |
| Long-term debt / equity | - | 0.00 | 0.13 | 0.25 | 0.20 | 0.09 | 0.03 |
| Interest cover | -0.92 | -3.07 | -1,766.15 | -45.01 | -8.63 | -81.34 | -37.57 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 9.69 | 12.15 | 46.50 | 168.96 | 50.93 | 30.32 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 1.52 | 1.95 | 5.88 | 13.60 | 2.03 | 0.63 |
| EPS (₹) | 0.41 | (36.71) | (2.63) | (9.55) | (38.38) | (3.68) | 0.27 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 49.13 | 85.84 | 88.46 | 98.04 | 136.43 | 140.10 |
Peer Comparison of Bharat Road Network Limited
Bharat Road Network Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Infrastructure Services, Roads and Bridges). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| National Highways & Infrastructure Development Corporation Limited | ₹490.92 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | New Delhi, Delhi, India |
| Oriental Nagpur Betul Highway Limited | ₹489.79 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Vme Highways Private Limited | ₹485.76 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Delhi, India |
| Infopark Properties Limited | ₹485.75 Cr (FY 2023) | •••• | •••• | 73.0% | •••• | Chennai, Tamil Nadu, India |
| Renew Surya Roshni Private Limited | ₹485.3 Cr (FY 2025) | •••• | •••• | 351.0% | •••• | Delhi, India |
| Etl Power Services Limited | ₹477.6 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Chennai, Tamil Nadu, India |
| Shimla Bypass Kaithlighat Shakral Private Limited | ₹477.5 Cr (FY 2025) | •••• | •••• | 113.0% | •••• | Panchkula, Haryana, India |
| KCC Chittoor Highways Private Limited | ₹472.09 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Delhi, India |
| Gawar Bhiwani Highway Private Limited | ₹471.7 Cr (FY 2025) | •••• | •••• | 1211.0% | •••• | Hisar, Haryana, India |
| Ig3 Infra Limited | ₹469.9 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Chennai, Tamil Nadu, India |
| Bharat Road Network Limited this company | ₹154.3 Cr (FY 2026) | •••• | •••• | -43.7% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Bharat Road Network by revenue in the Infrastructure industry (Infrastructure Services, Roads and Bridges), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Bharat Road Network Limited
Bharat Road Network Limited is audited by S.S. Kothari Mehta & Co. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.S. Kothari Mehta & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Bharat Road Network Limited
Bharat Road Network Limited currently reports 5 directors and 1 key managerial person. 24 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bajrang Kumar Choudhary Also directs: Oremin Earth LLP, Violet Arch Capital Advisors Private Limited | Director | 23 Mar 2011 | 15 Years 6 Months | Current |
| Shree Ram Tewari Also directs: Guruvayoor Infrastructure Private Limited, MBG Commodities Private Limited, MBG Shipping Private Limited and 3 more | Director | 01 Nov 2022 | 3 Years 11 Months | Current |
| Anirup Sen | Ceo | 24 Oct 2025 | 0 Years 11 Months | Current |
| Rajesh Lihala Also directs: Ashtek Realtors Private Limited, Vindya Apartments Private Limited, JLP Solutions Pvt Ltd and 1 more | Director | 07 Jun 2024 | 2 Years 4 Months | Current |
| Jaydeep Chakraborty | Director | 07 Jun 2024 | 2 Years 4 Months | Current |
| Manta Dey | Director | 06 Feb 2024 | 2 Years 8 Months | Current |
Shareholding Pattern of Bharat Road Network Limited
Shareholding for the quarter ended Sep 2026: promoters hold 51.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 48.10%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 51.70% | 52.00% | 52.00% | 52.00% |
| Public | 48.30% | 48.00% | 48.00% | 48.00% |
Charges & Borrowings of Bharat Road Network Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Mar 2020 | Others | ₹200 Cr | Open |
| 31 Dec 2018 | Others | ₹130 Cr | Open |
| 31 Dec 2018 | Others | ₹120 Cr | Open |
| 31 Dec 2018 | Others | ₹80 Cr | Open |
| 31 Dec 2018 | Others | ₹55 Cr | Open |
Total charge records: 23 View all charges
Deals & Funding of Bharat Road Network Limited
Bharat Road Network Limited has 28 deals on record (27 market trades, 1 ipo); the latest was in August 2025.
Deals on record (5 of 28)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2025 | Market trade | ₹86.1 Lakh | Seller: Vistar Financiers Pvt Ltd |
| Jan 2024 | Market trade | ₹6.16 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jan 2024 | Market trade | ₹6.17 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Feb 2022 | Market trade | ₹6.1 Cr | Buyer: Anant Wealth Consultants Private Limited Seller: Anant Wealth Consultants Private Limited |
| Feb 2022 | Market trade | ₹7.58 Cr | Buyer: Anant Wealth Consultants Private Limited Seller: Anant Wealth Consultants Private Limited |
Full deal history
All 28 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Bharat Road Network Limited
Bharat Road Network Limited has 18 court cases on record: 5 filed by Bharat Road Network, 10 filed against it, 3 where it is another party. 7 cases are pending and 11 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 10 | 9 | 4 |
| High courts | 4 | 1 | 1 |
| NCLT | 2 | 0 | 2 |
| Supreme Court | 1 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by MBL Infrastructure Limited | Pending |
| NCLAT, New Delhi | Company appeal | Filed against the company by MBL Infrastructure Limited | Pending |
| NCLT, Kolkata | Insolvency matter | Filed by the company against Il&Fs Financial Services Limited | Pending |
| Calcutta High Court | Court case (AP-COM) | Filed against the company by Srei Equipment Finance Limited | Disposed |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by MBL Infrastructure Limited | Disposed |
Full case history
All 18 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Bharat Road Network Limited
Bharat Road Network Limited has 4 MSME Form 1 returns on record between 2019 and 2020, listing 14 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Global Groupware Solutions Limited | •••• | •••• | •••• |
| BCL Secure Premises Private Limited | •••• | •••• | •••• |
| Radiant Advertising & Marketing (I) Pvt. Ltd. | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 4 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Bharat Road Network Limited
Bharat Road Network Limited has a workforce of 9 employees as of Oct 08, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Bharat Road Network Limited
Bharat Road Network has 3 subsidiary companies and 2 associated companies. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Guruvayoor Infrastructure Private Limited | U45200WB2005PTC249104 | - |
| Orissa Steel Expressway Private Limited | U45400OR2010PTC014681 | - |
| Solapur Tollways Private Limited | U45400WB2012PTC174135 | - |
Showing major subsidiaries. Total: 3.
CIN History of Bharat Road Network Limited
Bharat Road Network has one previous CIN (Corporate Identification Number): U45203WB2006PLC112235. The current CIN is L45203WB2006PLC112235, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45203WB2006PLC112235 | Current |
| U45203WB2006PLC112235 | Previous |
Recent Activity on Bharat Road Network Limited
Bharat Road Network Limited has 47 board changes on record since 2006: 26 appointments and 21 cessations. The latest: Anirup Sen was appointed as CEO on 24 Oct 2025.
76 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Bharat Road Network Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Bharat Road Network Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Bharat Road Network Limited
Bharat Road Network has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCB0921B1ZB | West Bengal | Active | 01 Jul 2017 |
| 06AADCB0921B1ZI | Haryana | Active | 01 Jul 2017 |
| 07AADCB0921B1ZG | Delhi | Active | 01 Jul 2017 |
| 32AADCB0921B1ZN | Kerala | Active | 04 Sep 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Bharat Road Network Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Bharat Road Network Limited
Frequently Asked Questions about Bharat Road Network Limited
Bharat Road Network is an active public limited company based in Kolkata, West Bengal, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 22 December 2006 (20+ years old) and is registered under CIN L45203WB2006PLC112235. Listed on BSE: 540700 and NSE: BRNL.
Bharat Road Network reported revenue of ₹154.3 Cr for FY 2025-26 (down 43.7% YoY) based on consolidated financials.
Bharat Road Network has 6 current directors and KMP:
- Bajrang Kumar Choudhary - Director
- Shree Ram Tewari - Director
- Rajesh Lihala - Director
- Jaydeep Chakraborty - Director
- Manta Dey - Director
- Anirup Sen - Ceo
The GSTIN of Bharat Road Network is 19AADCB0921B1ZB, registered in West Bengal. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 06AADCB0921B1ZI (Haryana), 07AADCB0921B1ZG (Delhi), 32AADCB0921B1ZN (Kerala).
The CIN (Corporate Identification Number) of Bharat Road Network is L45203WB2006PLC112235. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Bharat Road Network is listed on both BSE (code: 540700) and NSE (symbol: BRNL).
Bharat Road Network has 18 court cases on record: 5 filed by the company and 10 filed against it. 7 are pending. Most are in the nclat.
Bharat Road Network was incorporated on 22 December 2006, making it 20+ years old. It is registered with the Registrar of Companies, Kolkata.
Bharat Road Network has 28 deals on record (27 market trades, 1 ipo); the latest was in August 2025.
The peers of Bharat Road Network by revenue are National Highways & Infrastructure Development Corporation Limited, Oriental Nagpur Betul Highway Limited, Vme Highways Private Limited, Infopark Properties Limited, Renew Surya Roshni Private Limited and 5 more, all in the Infrastructure industry (Infrastructure Services, Roads and Bridges).
Anirup Sen was appointed as CEO on 24 Oct 2025. Brahmdutt ceased to be Director on 13 May 2025. Tuktuk Kumar ceased to be Director on 10 Apr 2025. Bharat Road Network has 47 board changes on record in total.
Bharat Road Network has 4 MSME Form 1 returns on record between 2019 and 2020, listing 14 overdue payments to 3 micro and small suppliers. The latest return was filed on 20 Nov 2020.