Bharat Road Network (BOM:540700) Operating Income: ₹-1,923 Mil (TTM As of Jun. 2026)

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BOM:540700 Bharat Road Network Ltd BOM:540700
53 GF Score
Price ₹17.38
GF Value ₹17.07
Valuation Fairly Valued
! 3 Warning Signs
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What is Bharat Road Network Operating Income?

Bharat Road Network BOM:540700 +0.58% 53 Operating Income is ₹-1,923 Mil as of Jun. 2026. GuruFocus rates BOM:540700 with a GF Score™ of 53/100 and a GF Value™ of ₹17.07 (Fairly Valued). The stock has 3 warning signs investors should review.

Bharat Road Network's Operating Income for the three months ended in Jun. 2026 was ₹-933 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹-1,923 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bharat Road Network's Operating Income for the three months ended in Jun. 2026 was ₹-933 Mil. Bharat Road Network's Revenue for the three months ended in Jun. 2026 was ₹474 Mil. Therefore, Bharat Road Network's Operating Margin % for the quarter that ended in Jun. 2026 was -196.92%.

Bharat Road Network's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bharat Road Network's annualized ROC % for the quarter that ended in Jun. 2026 was -32.71%. Bharat Road Network's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -21,779.35%.


Bharat Road Network  (BOM:540700) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Bharat Road Network's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=-3733.112 * ( 1 - 0.09% )/( (11402.463 + 0)/ 1 )
=-3729.7521992/11402.463
=-32.71 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=14355.071 - 33.171 - ( 6349.54 - max(0, 5002.49 - 7921.927+6349.54))
=11402.463

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Bharat Road Network's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3493.844/( ( (16.042 + max(-2112.879, 0)) + (0 + max(0, 0)) )/ 1 )
=-3493.844/( ( 16.042 + 0 )/ 1 )
=-3493.844/16.042
=-21,779.35 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.061 + 0 + 241.777) - (33.171 + 0 + 2333.546)
=-2112.879

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Bharat Road Network's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=-933.278/473.946
=-196.92 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Bharat Road Network Operating Income Related Terms


Bharat Road Network Operating Income Historical Data

* Premium members only.

The historical data trend for Bharat Road Network's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bharat Road Network Operating Income Chart

Bharat Road Network Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 570.79 452.45 1,145.00 -175.47 -899.92

Bharat Road Network Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 89.81 -542.67 169.23 -616.29 -933.28
BOM:540700
53GF Score
Bharat Road Network Ltd BOM:540700
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Bharat Road Network Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-1,923 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹-1,923 Mil mean?
Bharat Road Network (BOM:540700) has a Operating Income of ₹-1,923 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Bharat Road Network and its competitors.
Is Bharat Road Network's Operating Income too high?
Bharat Road Network's current Operating Income is ₹-1,923 Mil. Overall, Bharat Road Network has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Road Network's Operating Income compare to competitors?
Bharat Road Network's Operating Income of ₹-1,923 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Construction company?
A good Operating Income depends on the Construction industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Bharat Road Network and its competitors. Bharat Road Network's current Operating Income is ₹-1,923 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Road Network stock overvalued right now?
Based on GuruFocus' analysis, Bharat Road Network (BOM:540700) is currently considered Fairly Valued. The stock's GF Value™ is ₹17.07, compared to a current price of ₹17.38 — trading 1.8% above its estimated fair value. The current Operating Income is ₹-1,923 Mil. Bharat Road Network's overall GF Score™ is 53/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Bharat Road Network (BOM:540700), the current Operating Income is ₹-1,923 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bharat Road Network (BOM:540700) Overvalued in 2026?

Based on GuruFocus' analysis, Bharat Road Network stock appears to be overvalued. The current stock price of ₹17.38 is trading 1.8% above its estimated GF Value™ of ₹17.07. GuruFocus considers Bharat Road Network to be Fairly Valued.

Key valuation signals for BOM:540700:

  • Operating Income: ₹-1,923 Mil
  • GF Value™: ₹17.07 vs. price of ₹17.38 (1.8% above fair value)
  • GF Score™: 53/100 with 3 warning signs

No single metric tells the full story. See the BOM:540700 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bharat Road Network Business Description

Other Exchanges BRNL:India
Address Block- EP, Sector -V, Salt Lake City, Plot No. X1-2 & 3, Ground Floor, Kolkata, WB, IND, 700091
Bharat Road Network Ltd is a road BOT company in India which is focused on the development, implementation, operation and maintenance of roads and highways projects. The company is a developer and operator of highways, roads and related projects on a BOT basis. The company is involved in the development, operation and maintenance of national and state highways in several states in India with experience of managing projects in the states of Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha through partnerships with experienced EPC players in the local space where the project is located.
53GF Score

Get the complete analysis for BOM:540700

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹17.38
Price
₹17.07
GF Value