Synopsis:
Markolines Pavement Technologies Limited has been granted Letter of Acceptance from Trans Metalite India Limited estimated at Rs.100 crore, for patch repair work within Andhra Pradesh.
The shares of one of the leading construction and maintenance companies engaged in providing highway operations & maintenance services has drawn market attention after receiving a work order worth Rs.100 crores.
With a market capitalization of Rs.362.23 crore, the shares of Markolines Pavement Technologies Limited are trading at Rs.177.85, up by 2.27 percent from the previous day’s closing price of Rs.173.90.
Work Order
Markolines Pavement Technologies Limited has received a contract worth Rs.100 crore from Trans Metalite India Ltd to carry out patch repair operations across Andhra Pradesh. The project is set to run for a duration of five years.
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Operational Front
Markolines Pavement Technologies Limited incorporated in 2002. It is engaged in highway operation and maintenance (O&M) services, with its activities broadly classified into three segments: Highway Operations, Highway Maintenance, and Specialized Maintenance Services. In Highway Operations, it offers toll management, route patrolling, and incident handling services.
Highway Maintenance includes routine upkeep, preventive maintenance, and major maintenance and repair (MMR) work. Specialized Maintenance Services focus on extending the durability and quality of roads, featuring solutions such as microsurfacing (MS), base and sub-base stabilization (FDR), and cold in-place recycling (CIPR).
As per latest data available the consolidated order book of the company stands at Rs.357 crore and as on date the total unexecuted order book of the company stands at Rs.400 crores.
The company works with clients such as Cube Highways, Interise, Tata Realty & Infrastructure, Safeway Concessions, NXT Infra, L&T, MSIDC, MMRDA,PWD departments, etc.
In Q1FY26, the company posted revenue from operation of Rs.72.71crore, up from Rs.50.36 crore in Q1FY25, with net profit rising up to Rs.3.6 crore from Rs.1.67 crore. Its return on equity stands at 16.2 percent, and return on capital employed is 18.4 percent. The stock trades at a P/E ratio of 15.6, which is below the industry average of 21.80, indicating it is relatively undervalued against peers.
Written By Jhanavi Sivakumar
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