Markolines Pavement Technologies Limited

About

Markolines Pavement Technologies Limited provides highway operations and maintenance services in India. The company operates through Highway Maintenance Services; and Specialized Construction Services segments. It offers consultancy services; and major maintenance services involving bituminous comprising pavement milling and filling, bituminous overlay/resurfacing, rehabilitation with glass grid, and hot in plant RAP services. The company also provides rigid pavement maintenance services for structural distresses. In addition, it offers preventive maintenance services, such as crack and fog sealing, slurry sealing, rut filling, surface dressing/chip seal, and cape seal services; and specialized maintenance services consisting of micro surfacing and cold-in-place recycling services. Further, it provides specialized construction services comprising base and subbase/soil stabilization, full depth reclamation, and tunneling. The company was formerly known as Markolines Traffic Controls Limited and changed its name to Markolines Pavement Technologies Limited in October 2021. Markolines Pavement Technologies Limited was incorporated in 2002 and is based in Navi Mumbai, India.

Key Metrics

as of Sep 2026

Market Cap381 Cr

P/E14.20

Div Yield0.87 %

Book Value₹91.20

52w High₹192.00

52w Low₹131.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024
Sales	61.60	92.73	80.46	77.67	72.72	114.57	80.06	55.50	50.36
Expenses	54.93	76.40	70.43	70.40	65.72	95.28	72.52	49.43	45.55
Operating Profit	6.67	16.33	10.03	7.27	7.00	19.29	7.54	6.07	4.81
OPM %	10.83	17.61	12.47	9.36	9.63	16.84	9.42	10.94	9.55
Other Income	2.51	2.68	1.80	1.82	1.44	2.45	2.61	1.08	0.64
Depreciation	1.67	1.78	1.88	1.72	1.65	1.96	1.88	1.98	1.68
Interest	1.93	2.15	1.31	1.46	1.48	2.83	0.86	1.98	1.46
Profit before tax	5.58	15.08	8.64	5.91	5.31	16.95	7.41	3.19	2.31
Tax %	21.68	24.67	18.06	32.49	28.63	27.49	15.25	24.45	25.11
Net Profit	4.36	11.36	7.09	3.99	3.79	12.29	6.29	2.41	1.73
EPS in Rs	1.96	5.12	3.22	1.81	1.72	5.59	2.86	1.10	0.78

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Sales	324.00	300.00	347.00	312.00	187.00	158.00	171.00	73.00
Expenses	283.00	262.00	316.00	284.00	163.00	144.00	153.00	64.00
Operating Profit	41.00	39.00	32.00	28.00	23.00	14.00	18.00	9.00
OPM %	13.00	13.00	9.00	9.00	13.00	9.00	11.00	13.00
Other Income	8.00	6.00	4.00	0.00	0.00	0.00	0.00	0.00
Interest	6.00	8.00	5.00	3.00	6.00	5.00	5.00	3.00
Depreciation	7.00	7.00	5.00	2.00	3.00	2.00	3.00	2.00
Profit before tax	35.00	30.00	25.00	22.00	15.00	6.00	10.00	4.00
Tax %	25.00	24.00	32.00	30.00	31.00	38.00	31.00	31.00
Net Profit	26.00	23.00	17.00	16.00	10.00	4.00	7.00	3.00
EPS in Rs	11.81	10.25	7.83	7.13	4.57	40.20	719.00	252.00
Dividend Payout %	0.00	15.00	11.00	8.00	9.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Equity Capital	22.00	22.00	19.00	19.00	19.00	0.87	0.87	0.87
Reserves	180.00	155.00	83.00	67.00	52.00	24.00	19.00	12.00
Borrowings	86.00	63.00	59.00	31.00	27.00	36.00	37.00	38.00
Other Liabilities	47.00	71.00	80.00	72.00	38.00	48.00	33.00	23.00
Total Liabilities	336.00	310.00	240.00	188.00	136.00	108.00	90.00	73.00
Fixed Assets	31.00	32.00	29.00	21.00	9.00	10.00	10.00	12.00
CWIP	0.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00
Investments	40.00	21.00	10.00	8.00	0.00	0.00	0.00	0.00
Other Assets	264.00	256.00	200.00	158.00	127.00	98.00	80.00	61.00
Total Assets	336.00	310.00	240.00	188.00	136.00	108.00	90.00	73.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Cash from Operating Activity	11.00	-33.00	2.00	20.00	-20.00	1.00	7.00	-7.00
Cash from Investing Activity	-26.00	-16.00	-23.00	-22.00	-2.00	-2.00	0.00	-7.00
Cash from Financing Activity	16.00	50.00	21.00	1.00	22.00	0.00	-7.00	13.00
Net Cash Flow	1.00	0.00	0.00	-1.00	1.00	0.00	0.00	0.00
Free Cash Flow	6.00	-43.00	-11.00	6.00	-21.00	-1.00	6.00	-14.00
CFO/OP %	50.00	-63.00	8.00	73.00	-84.00	8.00	40.00	-73.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Debtor Days	154.00	215.00	127.00	89.00	114.00	103.00	81.00	191.00
Inventory Days	37.00	27.00	76.00	271.00	148.00	125.00	94.00	101.00
Days Payable	129.00	148.00	188.00	408.00	110.00	147.00	90.00	190.00
Cash Conversion Cycle	62.00	94.00	15.00	-48.00	152.00	80.00	85.00	102.00
Working Capital Days	86.00	154.00	69.00	84.00	146.00	72.00	62.00	100.00
ROCE %	16.00	19.00	22.00	24.00	27.00	20.00	29.00	—

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	55.00	55.00	55.00	55.00	56.91	58.14	61.21	71.32	71.32	71.32	72.20	72.20
FIIs	0.59	0.18	0.18	0.18	0.18	0.18	0.18	0.21	0.00	0.00	0.00	0.00
DIIs	0.10	0.11	0.11	0.00	0.00	0.00	0.00	0.67	1.82	1.82	1.82	1.82
Public	44.31	44.70	44.70	44.81	42.90	41.67	38.60	27.80	26.86	26.86	25.98	25.98
No. of Shareholders	7,743	6,911	6,609	6,747	2,726	2,182	2,241	2,123	1,974	1,880	2,012	1,749

Corporate Actions

5 records

Action	Ex Date	Record Date	Ratio	Amount (₹)	Notes
Dividend	19 Sep 2025	19 Sep 2025	—	1.50
Dividend	20 Sep 2024	20 Sep 2024	—	1.00
Dividend	22 Sep 2023	22 Sep 2023	—	0.70
Other	17 Jan 2023	17 Jan 2023	—	—	Right Issue of Equity Shares
Dividend	21 Sep 2022	—	—	0.50