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Prices as of 8 Oct 2026 close · Not investment advice

Markolines Pavement Technologies Limited

NSE: MARKOLINESCivil Construction

Share price

₹164.44

-3.04% close of 8 Oct 2026

Market cap ₹362 CrP/E 13.4

Business score

How strong the business is, in one number. The parts behind it are in Pro.

53

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹362 Cr

P/E ratio

13.4

P/B ratio

1.8

ROCE

15.4%

ROE

13.9%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹188.4752-week low ₹133.68

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step down at Jun 2024 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step down at Jun 2024 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 13.4× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 21.6×, across 5 companies. It is against its own five-year median of 19.1×, the 11th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.7 times its growth rate, on earnings growth of 18%.

Profit growthPrice per ₹1 profitPer 1% growth
Markolines Pavement Technologies Limited — this one18%/yr13.4×₹0.75
Kalpataru Projects International Limited36%/yr21.4×₹0.60
IRB Infrastructure Developers Limited8%/yr21.6×₹2.7
NBCC (India) Limited13%/yr29.2×₹2.2
Cemindia Projects Limited68%/yr32.2×₹0.47
Engineers India Limited26%/yr20.7×₹0.80

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Civil Construction), it ranks 36 of 89 on returns, 64 of 84 on growth, 46 of 90 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 15.4% on capital, ahead of 60% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the 4 years of cash statements on file it made ₹12 crore of cash from the business but spent ₹42 crore on plant and equipment, ₹30 crore more than it made; the gap was from lenders and shareholders.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 14 Aug 2026 · Consolidated · Unaudited

Revenue

₹76 Cr

Revenue vs last year

+3.9%

Revenue vs last quarter

-27.8%

Net profit

₹4 Cr

Profit vs last year

+9.0%

Profit vs last quarter

-60.4%

Net margin

5.7%

EPS

₹1.96

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹362 Cr
Prev close
₹164.44
52w High
₹192
52w Low
₹132
Enterprise value
₹446 Cr
Beta
1.0
Price CAGR 1y
-7.0%
Price CAGR 3y
6.0%
Price CAGR 5y
18.0%
Price CAGR 10y
—

Ratios

Return on assets
7.7%
PEG ratio
0.8
P/E ratio
13.4
P/B ratio
1.8
EV / EBITDA
10.9
Industry P/E
15.6
ROCE
15.4%
ROCE 5y average
20.0%
ROE
13.9%
Debt / Equity
0.4
Interest coverage
6.7
Dividend yield
0.0%
ROE 3y average
16.0%
ROE last year
14.0%

Annual P&L

Annual revenue
₹348 Cr
Annual profit
₹26 Cr
Operating margin
12.0%
Net profit margin
7.5%
EBITDA margin
11.5%
Sales growth 3y
3.7%
Sales growth 5y
—
Profit growth 3y
18.0%
Profit growth 5y
—
EPS
₹11.8
Sales growth TTM
7.0%
Profit growth TTM
9.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹76 Cr
Profit latest quarter
₹4 Cr
YoY quarterly sales growth
4.3%
YoY quarterly profit growth
15.0%
OPM latest quarter
10.1%

Balance Sheet

Book Value
₹91.8
Face Value
₹10.0
Total debt
₹86 Cr
Total cash
₹2 Cr
Borrowings
₹86 Cr
Reserves / Equity
8.2

Cash Flow

Operating cash flow
₹6 Cr
Free cash flow
₹1 Cr
FCF yield
-1.4%
Net cash flow
₹1 Cr

Shareholding

Promoter holding
54.6%
FII holding
0.0%
DII holding
0.0%
Public holding
45.4%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Larsen & Toubro3,657.2528.65,03,1991.044,988.014.067,941.76.714.6
Rail Vikas190.6044.239,7400.87159.518.54,321.210.610.8
Kalpataru Proj.1,427.0021.924,3690.75311.545.16,408.03.818.3
IRB Infra.Devl.17.4021.321,0160.87306.351.32,137.31.87.5
NBCC75.3429.720,3421.30158.017.22,259.5-5.529.3
Cemindia Project1,164.0033.319,9960.24140.82.62,720.95.632.8
Engineers India282.3520.315,8691.83157.9141.5819.8-5.830.4
Markolines Pavem168.6513.93740.004.415.075.94.315.4
Median128.0015.96740.0011.018.3185.811.815.5

Competes with: Cemindia Projects Limited, Central Mine Planning & Design Institute Limited, Engineers India Limited, IRB Infrastructure Developers Limited, Ircon International Limited, KEC International Limited, Kalpataru Projects International Limited, Larsen & Toubro, NBCC (India) Limited, Rail Vikas Nigam Limited, Techno Electric & Engineering Company Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemSep 2022Mar 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales15216013121650568012273789310576
Expenses4649731026671838968
Material Cost26111926
Change in Inventories-256.3724-0.41
Purchases of Stock-in-Trade0000
Employee Cost4.254.505.024.39
Other Expenses65614039
Operating Profit4.806.077.54206.837.1310167.69
OPM %7.769.909.498.949.53119.42169.399.18111510
Other Income0.601.042.371.931.491.741.522.731.75
Exceptional items (within Other Income)0-0.1600
Interest1.461.980.862.831.481.461.312.151.93
Depreciation1.681.981.881.961.651.721.881.781.67
Profit before tax2.263.157.17175.195.698.42155.84
Tax %262516282932192521
Net Profit1.732.416.29123.794.087114.36
EPS in Rs0.781.102.865.591.721.853.185.121.96
Diluted EPS in Rs1.703.335.151.96

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales187312347307348352
Expenses164284316268308311
Material Cost79
Change in Inventories0.09
Purchases of Stock-in-Trade0
Employee Cost18
Other Expenses211
Operating Profit232832404041
OPM %1299131212
Other Income003578
Exceptional items (within Other Income)-0.16
Interest635867
Depreciation325.00877
Profit before tax152225293435
Tax %3130322525
Net Profit101617232627
EPS in Rs4.577.137.83101212
Diluted EPS in Rs12
Dividend Payout %-081115-0

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
—
3 years
4%
TTM
7%

Compounded profit growth

10 years
—
5 years
—
3 years
18%
TTM
9%

Stock price CAGR

10 years
—
5 years
18%
3 years
6%
1 year
-7%

Return on equity

10 years
—
5 years
16%
3 years
16%
Last year
14%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1919192222
Reserves526783155180
Borrowings2731596386
Other Liabilities3872807650
Total Liabilities136188240317339
Fixed Assets921293229
CWIP-00113
Investments08101931
Other Assets127158200265277
Total Assets136188240316339

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity202-166
Cash from Investing Activity-22-23-33-21
Cash from Financing Activity1215016
Net Cash Flow-1001
Free Cash Flow6-11-261

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days11489127218150
Inventory Days148271762637
Days Payable110408188157131
Cash Conversion Cycle152-48158756
Working Capital Days13684699588
ROCE %24221915

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Sep 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters727171716158575555555555
FIIs0000.210.180.180.180.180.180.180.590
DIIs1.821.821.820.6700000.110.110.100.03
Public262727283942434545454445
No. of Shareholders2,0121,8801,9742,1232,2412,1822,7266,7476,6096,9117,7436,653

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -10.7% (₹184.15 → ₹164.44)Brick size ₹5.42 (fixed)Bricks 29
₹140₹180₹164Nov '25Jan '26Mar '26Jun '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹164.44 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

84.00inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-09-30

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-09-30

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-09-30

News

News and filings about Markolines Pavement Technologies Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • bitumen
  • bitumen emulsion / foamed bitumen
  • cement
  • diesel and transportation fuel
  • glass grid
  • lime and chemical soil-stabilisation additives
  • reclaimed asphalt pavement (RAP)
  • specialty chemicals for rigid pavement repair

Depends on the price of

  • cement
  • diesel

Sells to

  • Ashoka Buildcon Limited · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Athaang Infrastructure Pvt Ltd · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Brihanmumbai Municipal Corporation · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Cube Highways and Transport Assets Advisors Pvt. Ltd. · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Engineers India Limited · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Government of Uttarakhand · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Gram Vikas Vibhag - Uttar Pradesh · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Highway Concessions One Pvt. Ltd. · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Hindustan Construction Company Limited · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Interise Trust · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Ircon Soma Tollway Private Limited · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • L&T Infrastructure Finance Company Ltd. · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Maharashtra State Infrastructure Development Corporation (MSIDC) · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Mumbai Metropolitan Region Development Authority · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • NCC Limited · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • National Highways Authority of India (NHAI) · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Navayuga Engineering Company Limited · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Navi Mumbai Municipal Corporation · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Nxt-Infra Trust · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Peak Infrastructure Management Services · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Pradhan Mantri Gram Sadak Yojana · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Public Works Department · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Pune Municipal Corporation · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • ROADIES · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Safeway Concessions · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Surat Municipal Corporation · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…
  • Tata Realty & Infrastructure Ltd. · highway operations and maintenance, preventive and major maintenance, micro surfacing, col…

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Construction
Industry
Civil Construction
Classification
Construction › Civil Construction
ISIN
INE0FW001016

Business segments

  • Major Maintenance(MMR) · 65%
  • Specialised Construction · 35%
  • Share of Profit of Associates · 0%

Plants

  • Technology Centre for Pavement Preservation

News impact

Big market events that reach Markolines Pavement Technologies Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 1 rows from NSE's archive (replace 0, delete 0, insert 1), 2026-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2026

Bulk & block deals

DateWhoBought / soldSharesPrice
30 Sep 2026GOLDENDUNES BUILDERS AND DEVELOPERS PRIVATE LIMITEDBUY1,83,001₹169.33
30 Sep 2026HI-KLASS TRADING AND INVESTMENT LIMITEDBUY1,30,004₹168.88
30 Sep 2026HI-KLASS TRADING AND INVESTMENT LIMITEDSELL1,16,868₹169.75
30 Sep 2026BASAN EQUITY BROKING LIMITEDSELL1,14,000₹169.01
16 Sep 2026VISTAAR TRADING SERVICE PRIVATE LIMITEDBUY1,50,399₹166.06
16 Sep 2026VISTAAR TRADING SERVICE PRIVATE LIMITEDSELL1,20,856₹167.22
8 Sep 2026VISTAAR TRADING SERVICE PRIVATE LIMITEDBUY1,18,703₹176.37
8 Sep 2026VISTAAR TRADING SERVICE PRIVATE LIMITEDSELL1,18,703₹176.87
7 Sep 2026VISTAAR TRADING SERVICE PRIVATE LIMITEDBUY1,35,552₹174.12
7 Sep 2026VISTAAR TRADING SERVICE PRIVATE LIMITEDSELL1,30,910₹175.65

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.