Markolines Pavement Technologies Ltd
Incorporated in 2002, Markolines Pavement Technologies Ltd is in the business of providing highway operations & maintenance services[1]
- Market Cap ₹ 372 Cr.
- Current Price ₹ 169
- High / Low ₹ 278 / 124
- Stock P/E 23.3
- Book Value ₹ 72.1
- Dividend Yield 0.59 %
- ROCE 22.3 %
- ROE 18.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 46.0% CAGR over last 5 years
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Miscellaneous
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 73 | 171 | 158 | 187 | 312 | 347 | 322 | |
| 64 | 153 | 144 | 163 | 284 | 316 | 292 | |
| Operating Profit | 9 | 18 | 14 | 23 | 28 | 32 | 30 |
| OPM % | 13% | 11% | 9% | 13% | 9% | 9% | 9% |
| 0 | 0 | -0 | 0 | 0 | 4 | 5 | |
| Interest | 3 | 5 | 5 | 6 | 3 | 5 | 6 |
| Depreciation | 2 | 3 | 2 | 3 | 2 | 5 | 6 |
| Profit before tax | 4 | 10 | 7 | 15 | 22 | 25 | 23 |
| Tax % | 31% | 31% | 36% | 31% | 30% | 32% | |
| 3 | 7 | 4 | 10 | 16 | 17 | 16 | |
| EPS in Rs | 252.00 | 719.00 | 42.80 | 4.57 | 7.13 | 7.83 | 7.09 |
| Dividend Payout % | 0% | 0% | 0% | 9% | 8% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 30% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 58% |
| TTM: | 4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 40% |
| 1 Year: | 26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 20% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.87 | 0.87 | 0.87 | 19 | 19 | 19 | 22 |
| Reserves | 12 | 19 | 23 | 52 | 67 | 83 | 137 |
| 38 | 37 | 36 | 27 | 31 | 59 | 56 | |
| 23 | 33 | 48 | 38 | 72 | 104 | 68 | |
| Total Liabilities | 73 | 90 | 108 | 136 | 188 | 264 | 283 |
| 12 | 10 | 9 | 9 | 21 | 29 | 34 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 8 | 10 | 15 |
| 61 | 80 | 98 | 127 | 158 | 224 | 233 | |
| Total Assets | 73 | 90 | 108 | 136 | 188 | 264 | 283 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -7 | 7 | 9 | -20 | 20 | -9 | |
| -7 | -0 | -2 | -2 | -22 | -12 | |
| 13 | -7 | -7 | 22 | 1 | 21 | |
| Net Cash Flow | -0 | -0 | 0 | 1 | -1 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 191 | 81 | 103 | 114 | 89 | 127 |
| Inventory Days | 101 | 94 | 125 | 148 | 271 | 76 |
| Days Payable | 190 | 90 | 147 | 110 | 408 | 188 |
| Cash Conversion Cycle | 102 | 85 | 80 | 152 | -48 | 15 |
| Working Capital Days | 165 | 87 | 98 | 171 | 102 | 126 |
| ROCE % | 29% | 20% | 27% | 24% | 22% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Group of investors scheduled on Friday, 20th December, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Intimation of analyst meeting on December 20, 2024.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
26 Nov - Received work order worth Rs.24.53 Cr for tolling operations.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
25 Nov - Received service order worth Rs.727.8 million from Varanasi Aurangabad NH-2 Tollway.
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Announcement under Regulation 30 (LODR)-Investor Presentation
22 Nov - Presentation on unaudited financial results for H1FY25.
Annual reports
Concalls
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Nov 2024TranscriptNotesPPT
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Jun 2024Transcript PPT
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Nov 2023Transcript PPT
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Jul 2023TranscriptNotesPPT
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Dec 2022TranscriptNotesPPT
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Jun 2022TranscriptNotesPPT
Business Overview[1]
Markolines Pavement Technologies Limited is a leading highway maintenance company, specializing in infrastructure services. The company provides a full spectrum of services, including preventive and major maintenance, micro surfacing, cold in-place recycling (CIPR), soil stabilization, rigid pavement maintenance, and tunneling.