Bharat Road Network Limited (BRNL) - Net Assets

Latest as of September 2025: Rs5.62 Billion INR ≈ $60.74 Million USD

Based on the latest financial reports, Bharat Road Network Limited (BRNL) has net assets worth Rs5.62 Billion INR (≈ $60.74 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs16.07 Billion ≈ $173.76 Million USD) and total liabilities (Rs10.45 Billion ≈ $113.02 Million USD). 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. Check how resilient are Bharat Road Network Limited's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs5.62 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. Also explore BRNL current and non-current assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see BRNL stock market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs4.22 Billion ≈ $45.65 Million	+47.47%
2024-03-31	Rs2.86 Billion ≈ $30.95 Million	-28.39%
2023-03-31	Rs4.00 Billion ≈ $43.22 Million	-33.59%
2022-03-31	Rs6.02 Billion ≈ $65.09 Million	-39.30%
2021-03-31	Rs9.91 Billion ≈ $107.22 Million	-10.75%
2020-03-31	Rs11.11 Billion ≈ $120.14 Million	-0.66%
2019-03-31	Rs11.18 Billion ≈ $120.94 Million	-4.85%
2018-03-31	Rs11.75 Billion ≈ $127.10 Million	+148.70%
2017-03-31	Rs4.73 Billion ≈ $51.10 Million	+939.92%
2016-03-31	Rs-562.61 Million ≈ $-6.08 Million	-1045.40%
2015-03-31	Rs59.51 Million ≈ $643.58K	-43.24%
2014-03-31	Rs104.84 Million ≈ $1.13 Million	-56.07%
2013-03-31	Rs238.67 Million ≈ $2.58 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	Rs839.50 Million	25.38%
Other Comprehensive Income	Rs322.69 Million	9.76%
Other Components	Rs10.60 Billion	320.55%
Total Equity	Rs3.31 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
SMRT Holdings Bhd KLSE:0117	$18.86 Million
Law Debenture Corp LSE:LWDB	$18.87 Million
Muar Ban Lee Group Bhd KLSE:5152	$18.87 Million
Tandy Leather Factory Inc NASDAQ:TLF	$18.88 Million
Samjin LND Co. Ltd KQ:054090	$18.85 Million
Prajay Engineers Syndicate Limited NSE:PRAENG	$18.85 Million
Bactiquant AS CO:BACTIQ	$18.84 Million
Prodigy Gold NL AU:PRX	$18.84 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	Rs1.41 Billion	+42.67%
Other Comprehensive Income	Rs-10.67 Million	-0.32%
Other Changes	Rs6.01 Million	+0.18%
Total Change	Rs-	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: 0.54x
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 7.31x to 0.54x 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	Rs2.84	Rs20.77	x
2014-03-31	Rs1.25	Rs20.77	x
2015-03-31	Rs0.71	Rs20.77	x
2016-03-31	Rs-6.71	Rs20.77	x
2017-03-31	Rs52.50	Rs20.77	x
2018-03-31	Rs150.55	Rs20.77	x
2019-03-31	Rs120.50	Rs20.77	x
2020-03-31	Rs119.27	Rs20.77	x
2021-03-31	Rs105.58	Rs20.77	x
2022-03-31	Rs60.64	Rs20.77	x
2023-03-31	Rs36.02	Rs20.77	x
2024-03-31	Rs22.64	Rs20.77	x
2025-03-31	Rs38.17	Rs20.77	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	Rs-192.64 Million
2014	-579.56%	-631.87%	0.02x	49.21x	Rs-618.09 Million
2015	-443.99%	-313.32%	0.01x	105.69x	Rs-270.17 Million
2016	0.00%	-12339.20%	0.00x	0.00x	Rs-869.14 Million
2017	-14.14%	-44.03%	0.11x	2.79x	Rs-1.06 Billion
2018	2.19%	15.22%	0.06x	2.42x	Rs-830.21 Million
2019	-3.78%	-9.53%	0.14x	2.93x	Rs-1.39 Billion
2020	-1.60%	-5.34%	0.09x	3.32x	Rs-1.16 Billion
2021	-12.89%	-54.53%	0.07x	3.55x	Rs-2.03 Billion
2022	-73.92%	-173.90%	0.08x	5.59x	Rs-4.27 Billion
2023	-69.30%	-64.22%	0.12x	8.95x	Rs-2.40 Billion
2024	-58.92%	-29.50%	0.14x	14.38x	Rs-1.31 Billion
2025	42.67%	51.45%	0.19x	4.34x	Rs1.08 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: $-13,757,759,508
Average return on equity (ROE) among peers: 8.17%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Bharat Road Network Limited (BRNL)	Rs5.62 Billion	-70.71%	1.86x	$18.86 Million
ARSS Infrastructure Projects Limited (ARSSINFRA)	$3.38 Billion	26.65%	1.86x	$52.89 Million
Atlantaa Limited (ATLANTAA)	$-3.20 Billion	0.00%	0.00x	$36.02 Million
BF Utilities Limited (BFUTILITIE)	$719.15 Million	70.68%	28.92x	$227.67 Million
Gayatri Highways Limited (GAYAHWS)	$162.00K	-11.73%	0.49x	$5.83 Million
IL&FS Transportation Networks Limited (IL&FSTRANS)	$-138.84 Billion	0.00%	0.00x	$8.32 Million
IRB Infrastructure Developers Limited (IRB)	$21.18 Billion	19.05%	1.62x	$1.41 Billion
MEP Infrastructure Developers Limited (MEP)	$1.94 Billion	-39.75%	24.22x	$1.98 Million
Noida Toll Bridge Company Limited (NOIDATOLL)	$4.77 Billion	0.48%	0.24x	$7.61 Million

About Bharat Road Network Limited

NSE:BRNL India Infrastructure Operations

Market Cap

$18.86 Million

Rs1.74 Billion INR

Market Cap Rank

#25217 Global

#1402 in India

Share Price

Rs20.77

Change (1 day)

-2.44%

52-Week Range

Rs16.94 - Rs25.62

All Time High

Rs205.51