Bharat Road Network Limited
Bharat Road Network Limited owns, designs, develops, builds, operates, and transfers road and related services in India. It is also involved in the project development and implementation; tolling operation and maintenance; highway management and development; claim and contracts management; and advisory and project management services, including construction supervision/debt syndication. The compa… Read more
Bharat Road Network Limited (BRNL) - Net Assets
Latest net assets as of September 2025: ₹5.62 Billion INR
Based on the latest financial reports, Bharat Road Network Limited (BRNL) has net assets worth ₹5.62 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹16.07 Billion) and total liabilities (₹10.45 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹5.62 Billion |
| % of Total Assets | 34.96% |
| Annual Growth Rate | 27.05% |
| 5-Year Change | -57.43% |
| 10-Year Change | N/A |
| Growth Volatility | 304.89 |
Bharat Road Network Limited - Net Assets Trend (2013–2025)
This chart illustrates how Bharat Road Network Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bharat Road Network Limited (2013–2025)
The table below shows the annual net assets of Bharat Road Network Limited from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹4.22 Billion | +47.47% |
| 2024-03-31 | ₹2.86 Billion | -28.39% |
| 2023-03-31 | ₹4.00 Billion | -33.59% |
| 2022-03-31 | ₹6.02 Billion | -39.30% |
| 2021-03-31 | ₹9.91 Billion | -10.75% |
| 2020-03-31 | ₹11.11 Billion | -0.66% |
| 2019-03-31 | ₹11.18 Billion | -4.85% |
| 2018-03-31 | ₹11.75 Billion | +148.70% |
| 2017-03-31 | ₹4.73 Billion | +939.92% |
| 2016-03-31 | ₹-562.61 Million | -1045.40% |
| 2015-03-31 | ₹59.51 Million | -43.24% |
| 2014-03-31 | ₹104.84 Million | -56.07% |
| 2013-03-31 | ₹238.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bharat Road Network Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 827956800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₹839.50 Million | 25.38% |
| Other Comprehensive Income | ₹322.69 Million | 9.76% |
| Other Components | ₹10.60 Billion | 320.55% |
| Total Equity | ₹3.31 Billion | 100.00% |
Bharat Road Network Limited Competitors by Market Cap
The table below lists competitors of Bharat Road Network Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LODFF
OTCQB:LODFF
|
$5.56 Million |
|
Carbochim SA
RO:CBC
|
$5.56 Million |
|
Breakthrough Minerals Ltd
AU:BTM
|
$5.57 Million |
|
Bulletin Resources Ltd
AU:BNR
|
$5.57 Million |
|
FG Merger II Corp. Rights
NASDAQ:FGMCR
|
$5.55 Million |
|
Binasat Communications Bhd
KLSE:0195
|
$5.55 Million |
|
Magnum Ventures Limited
NSE:MAGNUM
|
$5.55 Million |
|
Binah Capital Group, Inc. Common Stock
NASDAQ:BCG
|
$5.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bharat Road Network Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,900,957,000 to 3,307,449,000, a change of 1,406,492,000 (74.0%).
- Net income of 1,411,160,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 10,674,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.41 Billion | +42.67% |
| Other Comprehensive Income | ₹-10.67 Million | -0.32% |
| Other Changes | ₹6.01 Million | +0.18% |
| Total Change | ₹- | 73.99% |
Book Value vs Market Value Analysis
This analysis compares Bharat Road Network Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.46x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 6.18x to 0.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | ₹2.84 | ₹17.56 | x |
| 2014-03-31 | ₹1.25 | ₹17.56 | x |
| 2015-03-31 | ₹0.71 | ₹17.56 | x |
| 2016-03-31 | ₹-6.71 | ₹17.56 | x |
| 2017-03-31 | ₹52.50 | ₹17.56 | x |
| 2018-03-31 | ₹150.55 | ₹17.56 | x |
| 2019-03-31 | ₹120.50 | ₹17.56 | x |
| 2020-03-31 | ₹119.27 | ₹17.56 | x |
| 2021-03-31 | ₹105.58 | ₹17.56 | x |
| 2022-03-31 | ₹60.64 | ₹17.56 | x |
| 2023-03-31 | ₹36.02 | ₹17.56 | x |
| 2024-03-31 | ₹22.64 | ₹17.56 | x |
| 2025-03-31 | ₹38.17 | ₹17.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bharat Road Network Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 42.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 51.45%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 4.34x
- Recent ROE (42.67%) is above the historical average (-98.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -70.71% | -2481.91% | 0.00x | 13.73x | ₹-192.64 Million |
| 2014 | -579.56% | -631.87% | 0.02x | 49.21x | ₹-618.09 Million |
| 2015 | -443.99% | -313.32% | 0.01x | 105.69x | ₹-270.17 Million |
| 2016 | 0.00% | -12339.20% | 0.00x | 0.00x | ₹-869.14 Million |
| 2017 | -14.14% | -44.03% | 0.11x | 2.79x | ₹-1.06 Billion |
| 2018 | 2.19% | 15.22% | 0.06x | 2.42x | ₹-830.21 Million |
| 2019 | -3.78% | -9.53% | 0.14x | 2.93x | ₹-1.39 Billion |
| 2020 | -1.60% | -5.34% | 0.09x | 3.32x | ₹-1.16 Billion |
| 2021 | -12.89% | -54.53% | 0.07x | 3.55x | ₹-2.03 Billion |
| 2022 | -73.92% | -173.90% | 0.08x | 5.59x | ₹-4.27 Billion |
| 2023 | -69.30% | -64.22% | 0.12x | 8.95x | ₹-2.40 Billion |
| 2024 | -58.92% | -29.50% | 0.14x | 14.38x | ₹-1.31 Billion |
| 2025 | 42.67% | 51.45% | 0.19x | 4.34x | ₹1.08 Billion |
Industry Comparison
This section compares Bharat Road Network Limited's net assets metrics with peer companies in the Infrastructure Operations industry.
Industry Context
- Industry: Infrastructure Operations
- Average net assets among peers: $18,857,931,278
- Average return on equity (ROE) among peers: -0.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bharat Road Network Limited (BRNL) | ₹5.62 Billion | -70.71% | 1.86x | $5.56 Million |
| ARSS Infrastructure Projects Limited (ARSSINFRA) | $-1.27 Billion | 0.00% | 0.00x | $8.75 Million |
| Atlantaa Limited (ATLANTAA) | $-3.84 Billion | 0.00% | 0.00x | $6.34 Million |
| BF Utilities Limited (BFUTILITIE) | $2.74 Billion | -17.75% | 6.48x | $66.81 Million |
| Gayatri Highways Limited (GAYAHWS) | $130.00K | -24.62% | 0.86x | $2.11 Million |
| HILINFRA (HILINFRA) | $1.00 Billion | 18.93% | 1.02x | $5.35K |
| IL&FS Transportation Networks Limited (IL&FSTRANS) | $48.26 Billion | 1.35% | 8.78x | $2.18 Million |
| IRB Infrastructure Developers Limited (IRB) | $63.15 Billion | 13.46% | 5.41x | $969.73 Million |
| Jaypee Infratech Limited (JPINFRATEC) | $63.47 Billion | 5.52% | 2.30x | $7.80 Million |
| MEP Infrastructure Developers Limited (MEP) | $-3.79 Billion | 0.00% | 0.00x | $1.33 Million |