Markolines Pavement Technologies Ltd
Incorporated in 2002, Markolines Pavement Technologies Ltd is in the business of providing highway operations & maintenance services[1]
- Market Cap ₹ 347 Cr.
- Current Price ₹ 158
- High / Low ₹ 278 / 107
- Stock P/E 15.4
- Book Value ₹ 80.3
- Dividend Yield 0.63 %
- ROCE 18.2 %
- ROE 16.2 %
- Face Value ₹ 10.0
Pros
Cons
- Promoter holding has decreased over last quarter: -3.07%
- Company has high debtors of 218 days.
- Working capital days have increased from 144 days to 205 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 187 | 312 | 347 | 307 | |
| 164 | 284 | 316 | 269 | |
| Operating Profit | 23 | 28 | 32 | 38 |
| OPM % | 12% | 9% | 9% | 12% |
| 0 | 0 | 3 | 5 | |
| Interest | 6 | 3 | 5 | 7 |
| Depreciation | 3 | 2 | 5 | 7 |
| Profit before tax | 15 | 22 | 25 | 29 |
| Tax % | 31% | 30% | 32% | 25% |
| 10 | 16 | 17 | 23 | |
| EPS in Rs | 4.57 | 7.13 | 7.83 | 10.25 |
| Dividend Payout % | 0% | 12% | 11% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 30% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| 1 Year: | 7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 22 |
| Reserves | 52 | 67 | 83 | 155 |
| 27 | 31 | 59 | 63 | |
| 38 | 72 | 104 | 76 | |
| Total Liabilities | 136 | 188 | 264 | 316 |
| 9 | 21 | 29 | 33 | |
| CWIP | 0 | 0 | 1 | 0 |
| Investments | 0 | 8 | 10 | 19 |
| 127 | 158 | 224 | 264 | |
| Total Assets | 136 | 188 | 264 | 316 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 20 | -9 | -36 | ||
| -22 | -12 | -14 | ||
| 1 | 21 | 50 | ||
| Net Cash Flow | -1 | 0 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 114 | 89 | 127 | 218 |
| Inventory Days | 148 | 271 | 76 | 26 |
| Days Payable | 110 | 408 | 188 | 157 |
| Cash Conversion Cycle | 152 | -48 | 15 | 87 |
| Working Capital Days | 161 | 102 | 126 | 205 |
| ROCE % | 24% | 22% | 18% |
Documents
Announcements
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Disclosure Of Receipt Of Final Approval For Migration Of Markolines Pavement Technologies Limited From BSE SME Platform To BSE Mainboard.
23h - Markolines approved for migration from BSE SME to BSE Mainboard effective June 12, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Markolines received Rs.16.76 Cr work orders for rain cut repairs from Vadodara Kim Expressway.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - Received Rs.16.75 Cr work orders for rain cut repair from Vadodara Kim Expressway, execution by July 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
5 Jun - Disclosure of publication of Postal Ballot Notice of the Company in newspapers.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 3 Jun
Annual reports
Concalls
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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.