Markolines Pavement Technologies Ltd
Incorporated in 2002, Markolines Pavement Technologies Ltd is in the business of providing highway operations & maintenance services[1]
- Market Cap ₹ 370 Cr.
- Current Price ₹ 168
- High / Low ₹ 254 / 107
- Stock P/E 16.4
- Book Value ₹ 80.3
- Dividend Yield 0.60 %
- ROCE 18.4 %
- ROE 16.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 25.3% CAGR over last 5 years
Cons
- Promoter holding has decreased over last quarter: -1.23%
- Company has high debtors of 214 days.
- Working capital days have increased from 108 days to 154 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
73 | 171 | 158 | 187 | 312 | 347 | 300 | |
64 | 153 | 144 | 163 | 284 | 316 | 263 | |
Operating Profit | 9 | 18 | 14 | 23 | 28 | 32 | 38 |
OPM % | 13% | 11% | 9% | 13% | 9% | 9% | 13% |
0 | 0 | -0 | 0 | 0 | 4 | 6 | |
Interest | 3 | 5 | 5 | 6 | 3 | 5 | 7 |
Depreciation | 2 | 3 | 2 | 3 | 2 | 5 | 7 |
Profit before tax | 4 | 10 | 6 | 15 | 22 | 25 | 30 |
Tax % | 31% | 31% | 38% | 31% | 30% | 32% | 24% |
3 | 7 | 4 | 10 | 16 | 17 | 23 | |
EPS in Rs | 252.00 | 719.00 | 40.20 | 4.57 | 7.13 | 7.83 | 10.25 |
Dividend Payout % | 0% | 0% | 0% | 9% | 8% | 11% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 17% |
TTM: | -13% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 30% |
TTM: | 29% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 6% |
1 Year: | -31% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 18% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 0.87 | 0.87 | 0.87 | 19 | 19 | 19 | 22 |
Reserves | 12 | 19 | 24 | 52 | 67 | 83 | 155 |
38 | 37 | 36 | 27 | 31 | 59 | 63 | |
23 | 33 | 48 | 38 | 72 | 104 | 71 | |
Total Liabilities | 73 | 90 | 108 | 136 | 188 | 264 | 310 |
12 | 10 | 10 | 9 | 21 | 29 | 33 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
Investments | 0 | 0 | 0 | 0 | 8 | 10 | 21 |
61 | 80 | 98 | 127 | 158 | 224 | 256 | |
Total Assets | 73 | 90 | 108 | 136 | 188 | 264 | 310 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
-7 | 7 | 1 | -20 | 20 | -9 | -33 | |
-7 | -0 | -2 | -2 | -22 | -12 | -16 | |
13 | -7 | 0 | 22 | 1 | 21 | 50 | |
Net Cash Flow | -0 | -0 | 0 | 1 | -1 | 0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 191 | 81 | 103 | 114 | 89 | 127 | 214 |
Inventory Days | 101 | 94 | 125 | 148 | 271 | 76 | 27 |
Days Payable | 190 | 90 | 147 | 110 | 408 | 188 | 148 |
Cash Conversion Cycle | 102 | 85 | 80 | 152 | -48 | 15 | 94 |
Working Capital Days | 100 | 62 | 72 | 146 | 84 | 86 | 154 |
ROCE % | 29% | 20% | 27% | 24% | 22% | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - Disclosure of transcript of post earning call held on 26th August, 2025 at 1:00 p.m. to discuss the unaudited financial results for the quarter ended …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 Aug - Received Rs100 crore LoA from Trans Metalite for Andhra Pradesh patch repairs; order book >Rs400 crore; Q1 PAT Rs3.79 crore.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
26 Aug - Audio recording of Q1 FY2025-26 earnings call (26 Aug 2025) posted with link.
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Announcement under Regulation 30 (LODR)-Investor Presentation
25 Aug - Investors'' presentation on unaudited financial results for the quarter ended 30th June, 2025.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
25 Aug - Received LOA from Trans Metalite India Ltd. ~Rs.100 crore patch repair contract in Andhra Pradesh, 5-year duration.
Annual reports
Concalls
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Nov 2024TranscriptNotesPPT
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Jun 2024Transcript PPT
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Nov 2023Transcript PPT
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Jul 2023TranscriptNotesPPT
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Dec 2022TranscriptNotesPPT
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Jun 2022TranscriptNotesPPT
Business Overview[1]
Markolines Pavement Technologies Limited is a leading highway maintenance company, specializing in infrastructure services. The company provides a full spectrum of services, including preventive and major maintenance, micro surfacing, cold in-place recycling (CIPR), soil stabilization, rigid pavement maintenance, and tunneling.