Bharat Road Network Limited [ BRNL ]
BRLMs :
SREI Capital
INGA Capital >( > Past IPOs handled : MEP infra , Sadbhav infra )
Investec Capital
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P&L
Financials : ...2013...........2014......2015.........3/2016.......11/16 ( in Cr. )
EBITDA ........0.265........(0.30)......32.15.........0.59............9.46
PBT(Loss)....(16.62).....(51.39).....(8.38)........(49.84).........(29.33)
PAT(Loss)....(16.88).....(60.76).....(26.42).......(92.54).........(62.73)
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Long Term
Borrowings.....298.........464.........288..............880...............468
Eq. ..................10............10.........10...............10................54.65
Networth.......(1.13)......10.48.......5.95..........(66.88)...........60.48
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Comparision with Peers.......EPS........NAV
BRNL..................................(92.54).....(66.90)
IRB Infra.............................18.10........137
Sadbhav Infra.....................(7.80)........32.70
Ashoka Buildcon....................3.1.........94.85
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High Debt & Loss making Company . Avoid without waiting for issue price . However scalpers and intraday players can keep this IPO in mind on listing day . If lists in big discount , good opportunity for jobbing .
After few IPOs there comes one IPO in between which lists in red.This might be one of them.In September two more IPOs are yet to come , Dixon Tech and Reliance Home Finance.wait for them.
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