Markolines Pavement Technologies Ltd
Incorporated in 2002, Markolines Pavement Technologies Ltd is in the business of providing highway operations & maintenance services[1]
- Market Cap ₹ 378 Cr.
- Current Price ₹ 170
- High / Low ₹ 188 / 120
- Stock P/E 14.3
- 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: | 11% |
| 1 Year: | 14% |
| 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)-Press Release / Media Release
24h - Markolines reported FY26 PAT of Rs 26.23 crore, order book above Rs 600 crore, and warrant conversion.
- Results-Financial Results For The Quarter And Year Ended 31 March 2026 1d
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Board Meeting Outcome for Approval Of Audited Financial Results For The Quarter And Year Ended March 31, 2026
1d - Board approved audited standalone and consolidated results for quarter and year ended 31 March 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Management will meet analysts and investors virtually on 29 May 2026 at 1:00 p.m.
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Board Meeting Intimation for Board Meeting Intimation For Consideration And Approval Of The Audited Standalone As Well As Consolidated Financial Statements For The Quarter As Well As The Financial Year Ended On 31St March, 2026 Along With The Auditor'S Report Thereon.
21 May - Board meeting on 26 May 2026 to approve audited standalone and consolidated FY2026 financial statements.
Annual reports
Concalls
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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.