This micro-cap infrastructure company, specializing in road maintenance and pavement technologies, saw positive momentum after securing an additional work order for a highway maintenance project in Uttar Pradesh.
With market capitalisation of Rs. 372 Crores, the shares of Markolines Pavement Technologies Ltd were trading at Rs 172 per share, increasing around 7 percent as compared to the previous closing price of Rs 161.40 apiece.
Markolines Pavement Technologies Ltd has secured an additional work order worth Rs 18.88 crore (inclusive of GST) from Varanasi Aurangabad NH-2 Tollway Private Limited for rehabilitation and overlay maintenance on a highway stretch in Uttar Pradesh.
The project, covering Km 786 to Km 843, is to be completed within 3 months (excluding the monsoon period) and this adds to the company’s robust Rs. 400+ crore unexecuted order book.LINK
Markolines Pavement Technologies is engaged in offering highway maintenance, advanced pavement preservation, and specialized construction services. Its core offerings include preventive and major maintenance techniques like micro surfacing, CIPR, and rigid pavement repairs, supported by in-house technology and a dedicated fleet of machinery.
Its offerings also include expert consulting for the latest technology, driven to improve asset performance and client experience. In over a decade and a half, they have transitioned from a single-product company to a multi-product company and aspire to be a pioneer of transformation in Highway Maintenance.
Looking forward to the company’s financial performance, revenue decreased by 13.5 percent from Rs 347 crore in FY24 to Rs 307 crore in FY25. Further, during the same time frame, net profit increased by 35.2 percent from Rs 17 crore to Rs 23 crore.
The stock delivered an ROE and ROCE of 16.2 percent and 18.4 percent respectively and is currently trading at a P/E of 16.48x as compared to its industry average of 23.55x. The promoters decreased their stake from 71.32% in FY24 to 58.14% in FY25.
Written by: Rohan Pandey
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