During Tuesday’s trading session, shares of India’s largest and integrated highway maintenance solution company surged nearly 5 percent on BSE, after securing two work orders worth a total of Rs. 16.76 crores from Vadodara Kim Expressway Private Limited.
With a market cap of Rs. 334 crores, at 12:03 p.m., the shares of Markolines Pavement Technologies Limited were trading in the green at Rs. 151.8 on BSE, up by nearly 1 percent, as compared to its previous closing price of Rs. 150.65. The stock has delivered positive returns of over 3 percent in one year, and has gained by nearly 2 percent in the last one month.
What’s the News
According to the latest regulatory filings on the BSE, Markolines Pavement Technologies Limited has received two new work orders from Vadodara Kim Expressway Private Limited, collectively valued at Rs. 16.76 crore. As a part of the contract, the company will undertake restoration work for areas damaged by rainwater runoff at its project site. Both orders will be executed by Markolines Pavement Tech by 31st July 2025.
Previous Updates
- 19th May: Markolines bagged a work order, valued at nearly 3 crores, from Nxt-Infra CT Highways Pvt. Ltd. for microsurfacing works at the CTHPL project site.
- 20th May: The company was awarded a Rs. 24.7 crores order by Varanasi Aurangabad NH-2 Tollway Pvt. Ltd. for execution of rehabilitation and overlay works (including DBM, BC & SMA) for periodic maintenance works between Km 825 to Km 843 of NH-2 in Uttar Pradesh.
Financials & more
Markolines Pavement reported a decline in its revenue from operations, showing a year-on-year decline of around 6.5 percent from Rs. 216 crores in H2 FY24 to Rs. 202 crores in H2 FY25. However, its net profit increased during the same period from Rs. 11 crores to Rs. 18 crores, representing a growth of around 64 percent YoY.
The company has so far undertaken 113.7 lakh square meters of microsurfacing work nationwide and has a total unexecuted order book of exceeding Rs. 350 crores as on 30th April 2025. Additionally, it is in discussions for potential orders valued at over Rs. 500 crores.
Markolines Pavement Technologies Limited is engaged in the business of providing services of infrastructure operations like road and related infrastructure construction and road maintenance. It operates in two segments: highway maintenance services and specialised construction services.
Written by Shivani Singh
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