Bharat Road Network
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Forensics
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Bharat Road Network said on Tuesday that it and its subsidiary Orissa Steel Expressway Private Limited received an email from the Serious Fraud Investigation Office (SFIO) on July 14, informing them of an investigation ordered by the Ministry of Corporate Affairs. The probe, under Section 212(1)(c) of the Companies Act, is into the affairs of SREI Infrastructure Finance Limited and other companies under investigation, which include the company. The notice calls for information under Section 217(1) of the Companies Act but does not detail any specific violation. The company stated that there is currently no material impact on its financial or operational activities and that it will co-operate with the SFIO. The development adds to the cash-strapped road developer's existing legal and financial challenges, including going concern warnings and defaults disclosed in recent quarters.
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Bharat Road Network said on Tuesday that it and its subsidiary Orissa Steel Expressway Private Limited received an email from the Serious Fraud Investigation Office (SFIO) on July 14, informing them of an investigation ordered by the Ministry of Corporate Affairs. The probe, under Section 212(1)(c) of the Companies Act, is into the affairs of SREI Infrastructure Finance Limited and other companies under investigation, which include the company. The notice calls for information under Section 217(1) of the Companies Act but does not detail any specific violation. The company stated that there is currently no material impact on its financial or operational activities and that it will co-operate with the SFIO. The development adds to the cash-strapped road developer's existing legal and financial challenges, including going concern warnings and defaults disclosed in recent quarters.
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July 15 (Reuters) - Bharat Road Network Ltd BHRN.NS:
CO AND SUBSIDIARY RECEIVE SFIO NOTICE FOR INVESTIGATION UNDER COMPANIES ACT
NO MATERIAL IMPACT ON COMPANY OPERATIONS FROM SFIO NOTICE AS OF NOW
Source text: ID:nBSE7h8b6j
Further company coverage: BHRN.NS
(([email protected];;))
July 15 (Reuters) - Bharat Road Network Ltd BHRN.NS:
CO AND SUBSIDIARY RECEIVE SFIO NOTICE FOR INVESTIGATION UNDER COMPANIES ACT
NO MATERIAL IMPACT ON COMPANY OPERATIONS FROM SFIO NOTICE AS OF NOW
Source text: ID:nBSE7h8b6j
Further company coverage: BHRN.NS
(([email protected];;))
April 30 (Reuters) - Bharat Road Network Ltd BHRN.NS:
BHARAT ROAD NETWORK LTD - APPOINTS AMITABH KUMAR JHA AS MANAGING DIRECTOR
Source text: ID:nBSEb9F2yT
Further company coverage: BHRN.NS
(([email protected];))
April 30 (Reuters) - Bharat Road Network Ltd BHRN.NS:
BHARAT ROAD NETWORK LTD - APPOINTS AMITABH KUMAR JHA AS MANAGING DIRECTOR
Source text: ID:nBSEb9F2yT
Further company coverage: BHRN.NS
(([email protected];))
Dec 15 (Reuters) - Bharat Road Network Ltd BHRN.NS:
PROMOTER TO SELL 19.81% OF CO'S EQUITY SHARES
Source text: ID:nBSEplWzs
Further company coverage: BHRN.NS
(([email protected];))
Dec 15 (Reuters) - Bharat Road Network Ltd BHRN.NS:
PROMOTER TO SELL 19.81% OF CO'S EQUITY SHARES
Source text: ID:nBSEplWzs
Further company coverage: BHRN.NS
(([email protected];))
Dec 24 (Reuters) - Bharat Road Network Ltd BHRN.NS:
BHARAT ROAD NETWORK LTD - APPOINTS MANISHA CHANDALIA AS CFO
Source text: ID:nBSE22QstT
Further company coverage: BHRN.NS
(([email protected];;))
Dec 24 (Reuters) - Bharat Road Network Ltd BHRN.NS:
BHARAT ROAD NETWORK LTD - APPOINTS MANISHA CHANDALIA AS CFO
Source text: ID:nBSE22QstT
Further company coverage: BHRN.NS
(([email protected];;))
June 28 (Reuters) - Bharat Road Network Ltd BHRN.NS:
UNIT GURUVAYOOR INFRASTRUCTURE RECEIVED A CHARGESHEET FROM ADDITIONAL SESSIONS COURT, ERNAKULAM
IMPACT OF CHARGESHEET ON FINANCIAL, OPERATION OF UNIT IS NOT ASCERTAINABLE IN MONETARY TERMS AT THIS STAGE
TAKING STEPS TOWARDS NECESSARY LEGAL RECOURSE IN SAID MATTER
Further company coverage: BHRN.NS
(([email protected];))
June 28 (Reuters) - Bharat Road Network Ltd BHRN.NS:
UNIT GURUVAYOOR INFRASTRUCTURE RECEIVED A CHARGESHEET FROM ADDITIONAL SESSIONS COURT, ERNAKULAM
IMPACT OF CHARGESHEET ON FINANCIAL, OPERATION OF UNIT IS NOT ASCERTAINABLE IN MONETARY TERMS AT THIS STAGE
TAKING STEPS TOWARDS NECESSARY LEGAL RECOURSE IN SAID MATTER
Further company coverage: BHRN.NS
(([email protected];))
Aug 22 (Reuters) - Bharat Road Network Ltd BHRN.NS:
RECEIVED FINE LETTERS FROM BOTH BSE AND NATIONAL STOCK EXCHANGE OF INDIA
LETTERS IMPOSING A FINE OF 10,000 RUPEES PLUS APPLICABLE TAXES SEPARATELY
Source text for Eikon: ID:nBSE5Brz3r
Further company coverage: BHRN.NS
(([email protected];))
Aug 22 (Reuters) - Bharat Road Network Ltd BHRN.NS:
RECEIVED FINE LETTERS FROM BOTH BSE AND NATIONAL STOCK EXCHANGE OF INDIA
LETTERS IMPOSING A FINE OF 10,000 RUPEES PLUS APPLICABLE TAXES SEPARATELY
Source text for Eikon: ID:nBSE5Brz3r
Further company coverage: BHRN.NS
(([email protected];))
May 31 (Reuters) - Bharat Road Network Ltd BHRN.NS:
COURT DISMISSED NHAI APPLICATION TO SET ASIDE 2019 ARBITRATION AWARD TO CO'S UNIT
Further company coverage: BHRN.NS
(([email protected];))
May 31 (Reuters) - Bharat Road Network Ltd BHRN.NS:
COURT DISMISSED NHAI APPLICATION TO SET ASIDE 2019 ARBITRATION AWARD TO CO'S UNIT
Further company coverage: BHRN.NS
(([email protected];))
May 25 (Reuters) - Bharat Road Network Ltd BHRN.NS:
MARCH-QUARTER CONSOL NET LOSS 604.4 MILLION RUPEES VERSUS LOSS 3 BILLION RUPEES YEAR AGO
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 941.9 MILLION RUPEES VERSUS 437.7 MILLION RUPEES YEAR AGO
Source text for Eikon: ID:nBSE7Z8K4x
Further company coverage: BHRN.NS
(([email protected];))
May 25 (Reuters) - Bharat Road Network Ltd BHRN.NS:
MARCH-QUARTER CONSOL NET LOSS 604.4 MILLION RUPEES VERSUS LOSS 3 BILLION RUPEES YEAR AGO
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 941.9 MILLION RUPEES VERSUS 437.7 MILLION RUPEES YEAR AGO
Source text for Eikon: ID:nBSE7Z8K4x
Further company coverage: BHRN.NS
(([email protected];))
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Popular questions
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What does Bharat Road Network do?
Bharat Road Network Limited is an Indian road BOT company specializes in development, operation, and maintenance of highways projects across various states through partnerships with local EPC players.
Who are the competitors of Bharat Road Network?
Bharat Road Network major competitors are MEP Infrast. &Devlop, Atlantaa, Markolines Pave Tech. Market Cap of Bharat Road Network is ₹150 Crs. While the median market cap of its peers are ₹311 Crs.
Is Bharat Road Network financially stable compared to its competitors?
Bharat Road Network seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Bharat Road Network pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Bharat Road Network latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Bharat Road Network allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Bharat Road Network balance sheet?
Bharat Road Network balance sheet is weak and might have solvency issues
Is the profitablity of Bharat Road Network improving?
The profit is oscillating. The profit of Bharat Road Network is -₹59.46 Crs for TTM, ₹141 Crs for Mar 2025 and -₹112 Crs for Mar 2024.
Is the debt of Bharat Road Network increasing or decreasing?
Yes, The net debt of Bharat Road Network is increasing. Latest net debt of Bharat Road Network is ₹84.17 Crs as of Mar-26. This is greater than Mar-25 when it was ₹24 Crs.
Is Bharat Road Network stock expensive?
Bharat Road Network is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Bharat Road Network is 43.76, while 3 year average PE is 0.91. Also latest EV/EBITDA of Bharat Road Network is 0.0 while 3yr average is 29.1.
Has the share price of Bharat Road Network grown faster than its competition?
Bharat Road Network has given lower returns compared to its competitors. Bharat Road Network has grown at ~-6.98% over the last 4yrs while peers have grown at a median rate of 13.65%
Is the promoter bullish about Bharat Road Network?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Bharat Road Network is 51.97% and last quarter promoter holding is 51.97%.
Are mutual funds buying/selling Bharat Road Network?
There is Insufficient data to gauge this.