Check out this Hidden Gem Stock which enjoys a clear leadership with a market share of ~30-35 percent in offering a complete range of highway operation and maintenance services and claims to be India’s largest maintenance company in the highway sector.
Price Action
With a market capitalization of Rs. 488 Crores, the shares of Markolines Pavement Technologies Limited were trading at Rs. 255 per equity share, up 3.3 percent from its previous day’s close price of Rs. 246.85. It has delivered a return of 92 percent in a year.
About the Company
Markolines Pavement Technologies Limited with a Pan India presence is primarily engaged in the business of offering a complete range of highway operations and maintenance services. Markolines enjoys clear leadership in the Market having about 30-35 percent of the Market share.
It also provides services for infrastructure operations, including road building and road maintenance. It has an Order book of Rs. 287 Crores and Rs. 500 Crores of work orders under discussion
It is India’s largest maintenance company in the highway sector and the only company in India with a technology center for pavement preservation and providing a spectrum of highway maintenance services.
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Operations
Its core operations include, highway operations that provide services, such as toll operations, route patrolling, and incident management, highway maintenance provides services, such as routine maintenance, preventive maintenance, and major maintenance and repairs.
It includes specialized maintenance services that provide services, such as micro-surfacing, base/subbase stabilization, cold in-place recycling, and specialized construction services such as soil stabilization, tunneling, and many others.
Customer Base
It has a strong clientele base with well-known players like Larson & Toubro, Ashoka Buildcon, Tata Realty, Engineers India, MMRDA, Public Works Department, Highway Concessions, Surat Municipal Corporation, and many others.
Financials and Ratios
Its revenue from operations grew by 11.39 percent from Rs. 312 Crores in FY23 to Rs. 347 Crores in FY24, accompanied by profits of Rs. 16 Crores to Rs. 17 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 20.5 percent, and a return on capital employed (ROCE) of 26.6 percent. It has reported a debt-to-equity ratio of 0.60.
Written by: Bharath K.S
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