Share price
₹14.45 latest close · −21.0% over the last 90 sessions
₹14.45 month-end · −40.9% over 12 months
₹14.45 month-end · −66.2% over 3 years
₹14.45 month-end · −82.6% since Jan '19
52-week range ₹13.06 to ₹26.50 · 1-year volatility 38.2%
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-90.4% (2019-04 peak to 2026-11 low, not yet recovered)
-33.4% (2019-01 peak to 2019-01 low, recovered 2019-04)
Where does it rank among Industrial Services peers?
Each cell is the company's percentile rank among its Industrial Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE3rd▼ 39 pts vs a year ago
- Op. margin2nd▼ 93 pts vs a year ago
- Revenue growth2nd▼ 35 pts vs a year ago
- EPS growth5th
- Debt/equity ↓12thflat vs a year ago
- Cash cycle ↓80thflat vs a year ago
- P/E ↓92nd▼ 8 pts vs a year ago
- 12M momentum24th▲ 4 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Industrial Services sector page Watch it move against Industrial Services in the Observatory
What is the price implying?
Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Industrial Services The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹14.45
- ROCE
- -7.0%
- Market Cap
- ₹121 cr
- Revenue (TTM)
- ₹155 cr
- P/S
- 0.8x
- P/B
- 0.3x
- ROE
- -33.4%
- Operating Margin
- -154.0%
- Debt / Equity
- 1.1x
- Promoter Holding
- 51.7%
- 12M Momentum
- -40.8%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance—Not enough data
Not enough reported data to compute this.
Tax rate—Not enough data
Not enough reported data to compute this.
Cash conversion—Not enough data
Not enough reported data to compute this.
Free cash flow3 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+2 daysWithin range
Debtor days are above the median of the previous three fiscal years by 2 days (3 vs 1). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress0% of fixed assetsWithin range
Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 2 years, promoters trimmed 2.0 pts.
- The number of shareholders rose from 25,670 to 51,502 (+101%) between Dec 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like BHARAT ROAD NETWORK today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −22% to +70% vs the market, against −2% for all non-financial companies in the same months.
- The gap against the base rate (+15.8%, 80% range −2.9% to +26.7%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 8 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 36 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| DCM Technology Services |
Jun 2020 | — | -18% | −42% | −44% | +37% |
| SVPGLOB Distribution Services |
Sep 2024 | — | -4% | −18% | −34% | −45% |
| APCL Non-Energy Minerals |
Sep 2023 | — | -4% | −16% | −21% | −35% |
| KHAICHEM Process Industries |
Jun 2024 | — | -8% | +7% | −23% | +27% |
| PRAXIS Retail Trade |
Jan 2025 | — | -39% | −36% | −40% | −59% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| PALREDTEC Distribution Services |
Oct 2025 | — | -3% | −45% | −46% | −32% |
| SECURKLOUD Technology Services |
Oct 2025 | — | -4% | −49% | −49% | −23% |
| AKSHOPTFBR Electronic Technology |
Sep 2020 | — | -3% | −28% | −42% | −3% |
How reliable is this?
Matched on P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and ROCE. Not used (unavailable for this company): P/E and interest cover. This company is loss-making, so it was only compared with loss-making companies. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 5 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What changed?
20 events since Jan '19
- NovPriceFell 90% from the Apr 2019 peak to the Nov 2026 low.
- JunResultsEPS (TTM) turned negative.
- JunPeer rankSlipped to the bottom quartile of Industrial Services on ROCE (from the 3rd quartile).
- MarPeer rankMoved into the top quartile of Industrial Services on operating margin (from the bottom quartile).
- JanDebtDebt / equity halved over 12 months to 1.31x.
- DecPeer rankSlipped to the bottom quartile of Industrial Services on operating margin (from the top quartile).
- SepPeer rankMoved into the top quartile of Industrial Services on operating margin (from the 3rd quartile).
- JunPeer rankMoved into the 3rd quartile of Industrial Services on ROCE (from the bottom quartile).
Show 12 earlier events
- JunDebtDebt / equity halved over 12 months to 1.31x.
- MarResultsEPS (TTM) turned positive.
- MarPeer rankMoved into the top quartile of Industrial Services on operating margin (from the 3rd quartile).
- DecPeer rankSlipped to the 3rd quartile of Industrial Services on operating margin (from the top quartile).
- JunPeer rankSlipped to the bottom quartile of Industrial Services on ROCE (from the 3rd quartile).
- JunResultsEPS (TTM) turned negative.
- JunPeer rankMoved into the 3rd quartile of Industrial Services on ROCE (from the bottom quartile).
- JunDebtDebt / equity rose above 1.0x (1.36x).
- JunDividendDividend payout cut from 36% to -11% of profit.
- AprPriceRegained the 2019-01 peak, 3 months after the low.
- FebPeer rankSlipped to the bottom quartile of Industrial Services on ROCE (from the 3rd quartile).
- JanPriceFell 33% from the Jan 2019 peak to the Jan 2019 low.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | — | ₹155 cr | -33.4% | -7.0% | 1.1x |
| 2026-10 | — | ₹155 cr | -33.4% | -7.0% | 1.1x |
| 2026-09 | — | ₹155 cr | -33.4% | -7.0% | 1.1x |
| 2026-08 | — | ₹154 cr | -12.5% | -7.0% | 1.1x |
| 2026-07 | — | ₹154 cr | -12.5% | -7.0% | 1.1x |
| 2026-06 | — | ₹154 cr | -12.5% | -7.0% | 1.1x |
| 2026-05 | 6.0x | ₹152 cr | 10.9% | 15.0% | 1.3x |
| 2026-04 | 6.1x | ₹152 cr | 10.9% | 15.0% | 1.3x |
| 2026-03 | 5.0x | ₹152 cr | 10.9% | 15.0% | 1.3x |
| 2026-02 | — | ₹342 cr | 46.2% | 15.0% | 1.3x |
| 2026-01 | 1.0x | ₹342 cr | 46.2% | 15.0% | 1.3x |
| 2025-12 | 1.1x | ₹342 cr | 46.2% | 15.0% | 1.3x |
| 2025-11 | 1.2x | ₹401 cr | 40.6% | 15.0% | 1.3x |
| 2025-10 | 1.2x | ₹401 cr | 40.6% | 15.0% | 1.3x |
| 2025-09 | 1.1x | ₹401 cr | 40.6% | 15.0% | 1.3x |
| 2025-08 | 1.1x | ₹458 cr | 34.5% | 15.0% | 1.3x |
| 2025-07 | 1.2x | ₹458 cr | 34.5% | 15.0% | 1.3x |
| 2025-06 | 1.2x | ₹458 cr | 34.5% | 15.0% | 1.3x |
| 2025-05 | 1.6x | ₹504 cr | 50.0% | 4.0% | 7.0x |
| 2025-04 | 1.8x | ₹504 cr | 50.0% | 4.0% | 7.0x |
| 2025-03 | 2.1x | ₹504 cr | 50.0% | 4.0% | 7.0x |
| 2025-02 | — | ₹369 cr | -27.0% | 4.0% | 7.0x |
| 2025-01 | — | ₹369 cr | -27.0% | 4.0% | 7.0x |
| 2024-12 | — | ₹369 cr | -27.0% | 4.0% | 7.0x |
| 2024-11 | — | ₹384 cr | -51.7% | 4.0% | 7.0x |
| 2024-10 | — | ₹384 cr | -51.7% | 4.0% | 7.0x |
| 2024-09 | — | ₹384 cr | -51.7% | 4.0% | 7.0x |
| 2024-08 | — | ₹380 cr | -50.0% | 4.0% | 7.0x |
| 2024-07 | — | ₹380 cr | -50.0% | 4.0% | 7.0x |
| 2024-06 | — | ₹380 cr | -50.0% | 4.0% | 7.0x |
| 2024-05 | — | ₹326 cr | -57.0% | -2.0% | 4.7x |
| 2024-04 | — | ₹326 cr | -57.0% | -2.0% | 4.7x |
| 2024-03 | — | ₹326 cr | -57.0% | -2.0% | 4.7x |
| 2024-02 | — | ₹326 cr | -57.0% | -2.0% | 4.7x |
| 2024-01 | — | ₹326 cr | -57.0% | -2.0% | 4.7x |
| 2023-12 | — | ₹326 cr | -57.0% | -2.0% | 4.7x |
| 2023-11 | — | ₹326 cr | -57.0% | -2.0% | 4.7x |
| 2023-10 | — | ₹326 cr | -57.0% | -2.0% | 4.7x |
| 2023-09 | — | ₹326 cr | -57.0% | -2.0% | 4.7x |
| 2023-08 | — | ₹326 cr | -57.0% | -2.0% | 4.7x |
| 2023-07 | — | ₹326 cr | -57.0% | -2.0% | 4.7x |
| 2023-06 | — | ₹326 cr | -57.0% | -2.0% | 4.7x |
| 2023-05 | — | ₹216 cr | -64.2% | -4.0% | 2.9x |
| 2023-04 | — | ₹216 cr | -64.2% | -4.0% | 2.9x |
| 2023-03 | — | ₹216 cr | -64.2% | -4.0% | 2.9x |
| 2023-02 | — | ₹216 cr | -64.2% | -4.0% | 2.9x |
| 2023-01 | — | ₹216 cr | -64.2% | -4.0% | 2.9x |
| 2022-12 | — | ₹216 cr | -64.2% | -4.0% | 2.9x |
| 2022-11 | — | ₹216 cr | -64.2% | -4.0% | 2.9x |
| 2022-10 | — | ₹216 cr | -64.2% | -4.0% | 2.9x |
| 2022-09 | — | ₹216 cr | -64.2% | -4.0% | 2.9x |
| 2022-08 | — | ₹216 cr | -64.2% | -4.0% | 2.9x |
| 2022-07 | — | ₹216 cr | -64.2% | -4.0% | 2.9x |
| 2022-06 | — | ₹216 cr | -64.2% | -4.0% | 2.9x |
| 2022-05 | — | ₹210 cr | -11.3% | 1.0% | 1.7x |
| 2022-04 | — | ₹210 cr | -11.3% | 1.0% | 1.7x |
| 2022-03 | — | ₹210 cr | -11.3% | 1.0% | 1.7x |
| 2022-02 | — | ₹210 cr | -11.3% | 1.0% | 1.7x |
| 2022-01 | — | ₹210 cr | -11.3% | 1.0% | 1.7x |
| 2021-12 | — | ₹210 cr | -11.3% | 1.0% | 1.7x |
| 2021-11 | — | ₹210 cr | -11.3% | 1.0% | 1.7x |
| 2021-10 | — | ₹210 cr | -11.3% | 1.0% | 1.7x |
| 2021-09 | — | ₹210 cr | -11.3% | 1.0% | 1.7x |
| 2021-08 | — | ₹210 cr | -11.3% | 1.0% | 1.7x |
| 2021-07 | — | ₹210 cr | -11.3% | 1.0% | 1.7x |
| 2021-06 | — | ₹210 cr | -11.3% | 1.0% | 1.7x |
| 2021-05 | — | ₹299 cr | -1.1% | 7.0% | 1.6x |
| 2021-04 | — | ₹299 cr | -1.1% | 7.0% | 1.6x |
| 2021-03 | — | ₹299 cr | -1.1% | 7.0% | 1.6x |
| 2021-02 | — | ₹299 cr | -1.1% | 7.0% | 1.6x |
| 2021-01 | — | ₹299 cr | -1.1% | 7.0% | 1.6x |
| 2020-12 | — | ₹299 cr | -1.1% | 7.0% | 1.6x |
| 2020-11 | — | ₹299 cr | -1.1% | 7.0% | 1.6x |
| 2020-10 | — | ₹299 cr | -1.1% | 7.0% | 1.6x |
| 2020-09 | — | ₹299 cr | -1.1% | 7.0% | 1.6x |
| 2020-08 | — | ₹299 cr | -1.1% | 7.0% | 1.6x |
| 2020-07 | — | ₹299 cr | -1.1% | 7.0% | 1.6x |
| 2020-06 | — | ₹299 cr | -1.1% | 7.0% | 1.6x |
| 2020-05 | — | ₹401 cr | -3.7% | 7.0% | 1.4x |
| 2020-04 | — | ₹401 cr | -3.7% | 7.0% | 1.4x |
| 2020-03 | — | ₹401 cr | -3.7% | 7.0% | 1.4x |
| 2020-02 | — | ₹401 cr | -3.7% | 7.0% | 1.4x |
| 2020-01 | — | ₹401 cr | -3.7% | 7.0% | 1.4x |
| 2019-12 | — | ₹401 cr | -3.7% | 7.0% | 1.4x |
| 2019-11 | — | ₹401 cr | -3.7% | 7.0% | 1.4x |
| 2019-10 | — | ₹401 cr | -3.7% | 7.0% | 1.4x |
| 2019-09 | — | ₹401 cr | -3.7% | 7.0% | 1.4x |
| 2019-08 | — | ₹401 cr | -3.7% | 7.0% | 1.4x |
| 2019-07 | — | ₹401 cr | -3.7% | 7.0% | 1.4x |
| 2019-06 | — | ₹401 cr | -3.7% | 7.0% | 1.4x |
| 2019-05 | 34.0x | ₹153 cr | 1.8% | 5.0% | 1.0x |
| 2019-04 | 34.2x | ₹153 cr | 1.8% | 5.0% | 1.0x |
| 2019-03 | 33.0x | ₹153 cr | 1.8% | 5.0% | 1.0x |
| 2019-02 | 34.2x | ₹153 cr | 1.8% | 5.0% | 1.0x |
| 2019-01 | 29.9x | ₹153 cr | 1.8% | 5.0% | 1.0x |