Markolines Pavement Technologies Ltd
Incorporated in 2002, Markolines Pavement Technologies Ltd is in the business of providing highway operations & maintenance services[1]
- Market Cap ₹ 331 Cr.
- Current Price ₹ 150
- High / Low ₹ 210 / 107
- Stock P/E 12.8
- Book Value ₹ 82.7
- Dividend Yield 0.99 %
- ROCE 18.2 %
- ROE 16.2 %
- Face Value ₹ 10.0
Pros
Cons
- Promoter holding has decreased over last quarter: -1.91%
- Company has high debtors of 219 days.
- Working capital days have increased from 102 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
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 | 306 | |
| 164 | 284 | 316 | 268 | |
| 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: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 30% |
| TTM: | 66% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -1% |
| 1 Year: | -13% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 22 | 22 |
| Reserves | 52 | 67 | 83 | 155 | 160 |
| 27 | 31 | 59 | 63 | 52 | |
| 38 | 72 | 80 | 76 | 56 | |
| Total Liabilities | 136 | 188 | 240 | 316 | 290 |
| 9 | 21 | 29 | 32 | 56 | |
| CWIP | 0 | 0 | 1 | 1 | 1 |
| Investments | 0 | 8 | 10 | 19 | 0 |
| 127 | 158 | 200 | 264 | 233 | |
| Total Assets | 136 | 188 | 240 | 316 | 290 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 20 | 2 | -36 | ||
| -22 | -23 | -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 | 219 |
| Inventory Days | 148 | 271 | 76 | 26 |
| Days Payable | 110 | 408 | 188 | 157 |
| Cash Conversion Cycle | 152 | -48 | 15 | 88 |
| Working Capital Days | 136 | 84 | 69 | 154 |
| ROCE % | 24% | 22% | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
20 Nov - Disclosure of transcript of earning call held on 18th November, 2025 to discuss the unaudited financial results for quarter ended 30th September, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
18 Nov - Q2 revenue Rs77.67cr, PAT Rs4.08cr; Rs396cr unexecuted order book; board approved merger; NSE listing.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 Nov - Audio of Q2 & H1 FY2025-26 earnings call (18 Nov 2025) for quarter ended 30 Sep 2025 posted.
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Announcement under Regulation 30 (LODR)-Investor Presentation
17 Nov - Investors'' presentation on unaudited financial results for the quarter ended 30th September, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Nov - Disclosure of publication of extract of standalone and consolidated unaudited financial results for quarter ended 30th September, 2025 in newspapers, in accordance with regulation 47 …
Annual reports
Concalls
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Nov 2025Transcript PPT
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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.