BSE:540700

Stock Analysis Report

Executive Summary

Bharat Road Network Limited owns, designs, develops, builds, operates, and transfers road and related services in India.


Snowflake Analysis

Mediocre balance sheet with questionable track record.


Similar Companies

Share Price & News

How has Bharat Road Network's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 540700's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.9%

540700

-0.9%

IN Infrastructure

-2.2%

IN Market


1 Year Return

-73.2%

540700

-38.4%

IN Infrastructure

-30.7%

IN Market

Return vs Industry: 540700 underperformed the Indian Infrastructure industry which returned -38.4% over the past year.

Return vs Market: 540700 underperformed the Indian Market which returned -30.7% over the past year.


Shareholder returns

540700IndustryMarket
7 Day3.9%-0.9%-2.2%
30 Day-32.8%-29.8%-25.9%
90 Day-39.7%-36.7%-30.5%
1 Year-73.0%-73.2%-37.5%-38.4%-29.3%-30.7%
3 Yearn/a-38.9%-40.7%-18.8%-23.3%
5 Yearn/a-32.9%-36.0%-8.7%-13.6%

Price Volatility Vs. Market

How volatile is Bharat Road Network's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bharat Road Network undervalued compared to its fair value and its price relative to the market?

33.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 540700 (₹35) is trading above our estimate of fair value (₹2.37)

Significantly Below Fair Value: 540700 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 540700 is poor value based on its PE Ratio (33.6x) compared to the Infrastructure industry average (5.7x).

PE vs Market: 540700 is poor value based on its PE Ratio (33.6x) compared to the Indian market (9.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 540700's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 540700 is overvalued based on its PB Ratio (0.3x) compared to the IN Infrastructure industry average (0.2x).


Next Steps

Future Growth

How is Bharat Road Network forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.3%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bharat Road Network has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Bharat Road Network performed over the past 5 years?

22.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 540700 has a large one-off gain of ₹433.8M impacting its December 31 2019 financial results.

Growing Profit Margin: 540700 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 540700 has become profitable over the past 5 years, growing earnings by 22% per year.

Accelerating Growth: 540700 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 540700 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Infrastructure industry (29.8%).


Return on Equity

High ROE: 540700's Return on Equity (1%) is considered low.


Next Steps

Financial Health

How is Bharat Road Network's financial position?


Financial Position Analysis

Short Term Liabilities: 540700's short term assets (₹5.1B) exceed its short term liabilities (₹4.7B).

Long Term Liabilities: 540700's short term assets (₹5.1B) do not cover its long term liabilities (₹15.0B).


Debt to Equity History and Analysis

Debt Level: 540700's debt to equity ratio (129.8%) is considered high.

Reducing Debt: 540700's debt to equity ratio has reduced from 7832.5% to 129.8% over the past 5 years.


Balance Sheet

Inventory Level: 540700 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 540700's debt is not covered by short term assets (assets are 0.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 540700 is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: Insufficient data to determine if 540700 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Bharat Road Network's current dividend yield, its reliability and sustainability?

1.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 540700's dividend (1.43%) is higher than the bottom 25% of dividend payers in the Indian market (0.95%).

High Dividend: 540700's dividend (1.43%) is low compared to the top 25% of dividend payers in the Indian market (4.06%).


Stability and Growth of Payments

Stable Dividend: 540700 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 540700 has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (48.1%), 540700's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Bajrang Choudhary (51yo)

3.42s

Tenure

₹14,180,121

Compensation

Mr. Bajrang Kumar Choudhary has been the Managing Director at Bharat Road Network Limited since November 1, 2016. Mr. Choudhary served as the Chief Executive Officer of Infrastructure Project Development a ...


CEO Compensation Analysis

Compensation vs Market: Bajrang's total compensation ($USD186.04K) is above average for companies of similar size in the Indian market ($USD47.81K).

Compensation vs Earnings: Bajrang's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Bajrang Choudhary
MD & Director3.42yrs₹14.18m0.011% 335.5k
Arunava Sengupta
Chief Operating Officerno datano datano data
Naresh Mathur
Compliance Officer & Company Secretary2.33yrs₹2.56mno data
Rahul Dhandhania
Vice President3.42yrsno datano data
Manish Jain
Associate Vice Presidentno datano datano data
Rajesh Sirohia
Head of Corporate Strategy & Investments3.42yrsno datano data
Partha Chaudhary
Head of Technical3.42yrsno datano data
Shailendra Singh
General Manager of Administration3.83yrsno datano data
Nikhil Jain
Associate Vice Presidentno datano datano data

3.4yrs

Average Tenure

50yo

Average Age

Experienced Management: 540700's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bajrang Choudhary
MD & Director3.42yrs₹14.18m0.011% 335.5k
Santanu Ray
Independent Director0.75yrno datano data
Tuk Ghosh Kumar
Independent Director3.5yrs₹420.00kno data
Pradeep Singh
Independent Director4.58yrs₹460.00kno data

4.0yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 540700's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.3%.


Top Shareholders

Company Information

Bharat Road Network Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bharat Road Network Limited
  • Ticker: 540700
  • Exchange: BSE
  • Founded: 2006
  • Industry: Highways and Railtracks
  • Sector: Transportation
  • Market Cap: ₹2.938b
  • Shares outstanding: 83.95m
  • Website: https://www.brnl.in

Number of Employees


Location

  • Bharat Road Network Limited
  • Vishwakarma Building
  • 86C Topsia Road (South)
  • Kolkata
  • West Bengal
  • 700046
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BRNLNSEI (National Stock Exchange of India)YesEquity SharesININRSep 2017
540700BSE (Mumbai Stock Exchange)YesEquity SharesININRSep 2017

Biography

Bharat Road Network Limited owns, designs, develops, builds, operates, and transfers road and related services in India. It offers project, financial, and concession management services; tolling operations and management services; and specialized toll plaza construction and integration with the selected TMS services, as well as corridor and incident management integrated with HTMS services. The company was incorporated in 2006 and is based in Kolkata, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/03 14:31
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.