Markolines Pavement Technologies Ltd
Incorporated in 2002, Markolines Pavement Technologies Ltd is in the business of providing highway operations & maintenance services[1]
- Market Cap ₹ 380 Cr.
- Current Price ₹ 171
- High / Low ₹ 188 / 120
- Stock P/E 14.4
- Book Value ₹ 91.2
- Dividend Yield 0.88 %
- ROCE 15.4 %
- ROE 13.9 %
- Face Value ₹ 10.0
Pros
Cons
- Company has high debtors of 150 days.
- Promoter holding has decreased over last 3 years: -17.2%
* 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 | Mar 2026 | |
|---|---|---|---|---|---|
| 187 | 312 | 347 | 306 | 348 | |
| 164 | 284 | 316 | 268 | 308 | |
| Operating Profit | 23 | 28 | 32 | 38 | 40 |
| OPM % | 12% | 9% | 9% | 12% | 12% |
| 0 | 0 | 3 | 5 | 7 | |
| Interest | 6 | 3 | 5 | 7 | 6 |
| Depreciation | 3 | 2 | 5 | 7 | 7 |
| Profit before tax | 15 | 22 | 25 | 29 | 34 |
| Tax % | 31% | 30% | 32% | 25% | 25% |
| 10 | 16 | 17 | 23 | 26 | |
| EPS in Rs | 4.57 | 7.13 | 7.83 | 10.25 | 11.81 |
| Dividend Payout % | 0% | 8% | 11% | 15% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 16% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 22 | 22 |
| Reserves | 52 | 67 | 83 | 155 | 180 |
| 27 | 31 | 59 | 63 | 86 | |
| 38 | 72 | 80 | 76 | 50 | |
| Total Liabilities | 136 | 188 | 240 | 316 | 339 |
| 9 | 21 | 29 | 32 | 31 | |
| CWIP | 0 | 0 | 1 | 1 | 0 |
| Investments | 0 | 8 | 10 | 19 | 33 |
| 127 | 158 | 200 | 264 | 274 | |
| Total Assets | 136 | 188 | 240 | 316 | 339 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 20 | 2 | -36 | 6 | ||
| -22 | -23 | -14 | -21 | ||
| 1 | 21 | 50 | 16 | ||
| Net Cash Flow | -1 | 0 | 0 | 1 | |
| Free Cash Flow | 6 | -11 | -46 | 1 | |
| CFO/OP | 73% | 8% | -70% | 38% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 114 | 89 | 127 | 219 | 150 |
| Inventory Days | 148 | 271 | 76 | 26 | 37 |
| Days Payable | 110 | 408 | 188 | 157 | 131 |
| Cash Conversion Cycle | 152 | -48 | 15 | 88 | 56 |
| Working Capital Days | 136 | 84 | 69 | 154 | 88 |
| ROCE % | 24% | 22% | 18% | 15% |
Insights
In beta| Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|
| Cold In-Place Recycling (CIPR) Experience (Cumulative) Lane KM |
|
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| FDR / Soil Stabilization Work (Cumulative) Lakh Cum |
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| Micro surfacing work (Cumulative) Lakh Sqm |
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| Unexecuted Order Book Rs. Crore |
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| Major Maintenance & Repairs (MMR) Work (Cumulative) Lane KM |
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| Order Pipeline Rs. Crore |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2 Jun - Markolines Pavement Technologies Limited informed the esteemed exchange about the transcript of Post Earnings Conference call for the Quarter and Year Ended March 31, 2026 …
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Reg. 32-Statement Of Deviation(S) Or Variations(S)
30 May - No deviation in use of Rs.2.01 crore from warrant conversion; funds fully utilized for working capital, capex, expansion and loans.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 May - Audio recording of Q4-FY26 earnings call on audited results available on 29 May 2026.
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Announcement under Regulation 30 (LODR)-Investor Presentation
29 May - Markolines Pavement Technologies Limited informed the esteemed exchange about presentation to be made to the Investors/Analysts'' in Investors/Analysts'' virtual meeting to take place on 29th …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 May - Markolines reported FY26 PAT of Rs 26.23 crore, order book above Rs 600 crore, and warrant conversion.
Annual reports
Concalls
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Jun 2026Transcript PPT
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Mar 2026TranscriptPPT
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Mar 2026Transcript PPT
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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 2024TranscriptAI SummaryPPT
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Jun 2024Transcript PPT
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Nov 2023Transcript PPT
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Jul 2023TranscriptAI SummaryPPT
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Dec 2022TranscriptAI SummaryPPT
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Jun 2022TranscriptAI SummaryPPT
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.