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Companies›Industrials›Construction›Construction
NSE:MARKOLINES

MARKOLINES PAVEMENT TEC L

Construction › Construction
₹168.91
at close · 22 Sept 2026
▼ 0.64 (-0.38%)

Latest filings

  1. Notice of 24th AGM Published in Newspapers · Compliance
  2. 24th AGM notice on Sept 29; reappointment of MD and two independent directors · Board & Shareholder Meetings
  3. FY2025-26 annual report sets 24th AGM for 29 September 2026 · Board & Shareholder Meetings
  4. Sanjay Patil reappointed as Managing Director for 5 years, AGM on Sept 29 · Management Changes
  5. Board approves MD re-appointment, fixes AGM date · Board & Shareholder Meetings
  6. Markolines Q1 FY27 investor presentation: revenue Rs 75.86 Cr, order book Rs 550+ Cr · Investor Communications
  7. NSE and BSE clear Markolines amalgamation with Markolines Infra for NCLT filing · Capital Market Events
  8. Board approves Q1 results, re-appoints and appoints Independent Directors · Management Changes
  9. Markolines Q1 FY27 results approved with two director changes · Results
  10. Q1 FY27 results approved; 2 independent director changes · Results
  11. Board meeting on 14 Aug 2026 to consider Q1 FY27 results · Results
  12. Independent Director Mr. Akash Phatak resigns from Markolines Pavement Technologies · Management Changes
  13. Independent Director Mr. Akash Phatak resigns, effective Aug 1 2026 · Management Changes
  14. Independent Director Mr. Akash Phatak resigns effective 1 August 2026 · Management Changes
  15. Listing approval for 1,62,800 shares from warrant conversion · Capital Market Events
  16. Promoters declare no new share encumbrances for FY25 · Ownership Changes
  17. RTA confirms Regulation 74(5) not applicable for June 2026 quarter · Compliance
  18. Routine compliance filing under SEBI Regulation 74(5) for June 2026 quarter · Compliance
  19. Markolines to explore Marine Infrastructure Construction and Maintenance segment · Business Updates
  20. Markolines announces strategic expansion into marine infrastructure segment · Business Updates
  21. Trading window closed from July 1 for Q1 results · Compliance
  22. Trading window closed from 1 July 2026 ahead of Q1 results · Compliance
  23. Markolines Pavement Technologies Limited informed the esteemed exchange about the transcript of Post Earnings Conference Call for the Quarter and Year Ended March 31, 2026 held with Analysts/Investors on May 29, 2026. · Investor Communications
  24. Markolines Pavement Technologies Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32 · Compliance
  25. Markolines Pavement Technologies Ltd. informed the esteemed exchange about statement of deviation(s) or variation(s) for the quarter ended March 31,2026. · Compliance
  26. Markolines Pavement Technologies Limited has informed the Exchange about Link of Recording · Investor Communications
  27. Markolines Pavement Technologies Limited informed the esteemed exchange about audio recording of Investors''/Analysts call for Q4 FY 2025-26 held on Friday 29th May 2026 at 1:00 PM. · Investor Communications
  28. Markolines Pavement Technologies Limited informed the esteemed exchange about presentation to be made to the Investors/Analysts'' in Investors/Analysts'' virtual meeting to take place on .... · Board & Shareholder Meetings
  29. Markolines Pavement Technologies Limited has informed the Exchange about Investor Presentation · Investor Communications
  30. Markolines Pavement Technologies Limited informed the esteemed exchange about Financial Results of the Company for the quarter and year ended March 31, 2026 through press release. · Results
  31. Markolines Pavement Technologies Limited has informed the Exchange regarding a press release dated May 26, 2026, titled "Press Release for Audited Financial Results for Q4 and year ended March 31, 2026". · Investor Communications
  32. Markolines Pavement Technologies Limited informed the esteemed exchange about quarterly and annual financial results for the year ended March 31, 2026. · Results
  33. Markolines Pavement Technologies Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026. · Results
  34. Markolines Pavement Technologies Limited informed the esteemed exchange about Approval of Audited Financial results for the quarter and year ended March 31, 2026. · Results
  35. Markolines Pavement Technologies Limited has informed the Exchange about Schedule of meet · Board & Shareholder Meetings
  36. Intimation of Virtual Meeting with investors/ analysts scheduled on Friday the 29th May, 2026 at 1.00 p.m. onwards · Board & Shareholder Meetings
  37. Markolines Pavement Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2026 ,inter alia, to consider and approve the Audited .... · Results
  38. SEBI Settlement Order over Reg.32 disclosure non-compliance, Rs.12.35 lakh paid · Regulatory & Legal
  39. Appointment of CS Aniruddha Hublikar as Company Secretary and Compliance Officer of the Company with effect from 29th April, 2026. · Management Changes
  40. Markolines Pavement Technologies Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 · Compliance
  41. Compliance Certificate under Reg 74 (5) of SEBI (DP) Regulations · Compliance
  42. Markolines Pavement Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts · Business Updates
  43. Markolines Pavement Technologies Limited has informed the Exchange regarding 'General Updates as to Scheme of Amalgamation documents filed by the Company'. · Strategic Transactions
  44. Markolines Pavement Technologies Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 · Compliance
  45. Markolines Pavement Technologies Limited has informed the Exchange regarding the correct Share Exchange Ratio approved by the Board in its meeting held on 6th March 2026 and as per the latest valuation report is: 1:1.05 i.e. for every one existing equity share of Markolines Infra Limited, shareholder will receive 1.05 equity shares of Markolines Pavement Technologies Limited · Strategic Transactions
  46. Markolines Pavement Technologies Limited has informed the Exchange about Transcript · Investor Communications
  47. Markolines Pavement Technologies Limited has informed the Exchange about General Updates · Investor Communications
  48. Markolines Pavement Technologies Limited has informed the Exchange about Schedule of meet · Board & Shareholder Meetings
  49. Markolines Pavement Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on March 06, 2026. · Board & Shareholder Meetings
  50. Markolines Pavement Technologies Limited has informed the Exchange about General Updates · Board & Shareholder Meetings
All filings ↓
Ask Nexa about MARKOLINES PAVEMENT TEC L

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates in India's highway infrastructure sector through two segments — Major Maintenance (MMR) and Specialised Construction — with 23 years in business. In FY26, MMR contributed ₹226.96 crore (63.6% of segment revenue) with EBIT of ₹24.21 crore, while Specialised Construction contributed ₹121.53 crore (34.1%) with EBIT of ₹28.37 crore. Specialised Construction grew 39% YoY and now accounts for ~35% of total revenue, with capabilities in micro-surfacing, cold in-place recycling (CIPR), and tunnelling for highway projects. The company is evaluating entry into marine infrastructure — jetties, jetty revamping, and marine fire protection systems — while the Markolines Infra merger remains pending. Other operating expenses are the largest cost line at 60.6% of revenue, followed by materials at 22.7%; clients include NHAI and road concessionaires.

Revenue mix · reported segments
Major Maintenance (MMR)63.6%
Specialised Construction34.1%
Unallocated2.1%
Share of Profit of Associates0.2%
Operating scale
Unexecuted order book
Rs 695 croresQ3 FY26
Fresh orders added
Rs 439 croresQ3 FY26
Order pipeline
Rs 2,000+ croresFY26
Direct NHAI bidding eligibility
Up to Rs 500 crores per tenderFY27 onwards
National highway addition rate
34 km/dayIndustry context
Revenue visibility from order book
12-18 monthsFY26
Who pays it
NHAI, road concessionaires, and government road infrastructure clients
Biggest cost
Other operating expenses at 60.6% of revenue (largest cost line), followed by materials at 22.7%
Kind of business
Asset-light highway O&M and specialised construction services, with recurring maintenance cycles
Where it sits
Pan-India operator in highway maintenance with first-mover capability in micro-surfacing and CIPR
Market Cap
₹375 Cr
P / E (TTM)
13.9×
EV / EBITDA
9.4×
Div Yield
0.88%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
19.1%▲
ROCE (5y median)
ROE 12.9% · margin 13.7%
Leverage
0.43·
Debt / Equity · low
Net debt ₹84 Cr
Revenue FY23→FY26
1.1×▲
Revenue change
₹312 Cr → ₹348 Cr
Moves on a normal day
1.09%·
Median daily move
Last 230 sessions · filing days run larger
Where it sits among 110 Civil Construction peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#48/106
P/B#51/85
ROCE#32/109
ROE#31/91
Debt / Equity#51/91
EBITDA margin#44/88
Revenue growth#45/86
Profit growth#32/84

Scorecard

Measured from the filed financials, judged against its Civil Construction peers · as of FY26 — not investment advice

Strengths
Returns on capital 19.1%
#32 of 109 in Civil Construction on the latest reported figures · down from 25.1% in FY23
Concerns
Heavy working capital — 129 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

MARKOLINES · price

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Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MARKOLINES PAVEMENT TEC L's filed financials and exchange disclosures

What does MARKOLINES PAVEMENT TEC L do?

MARKOLINES PAVEMENT TEC L is a Construction company listed on NSE and BSE, trading under the symbol MARKOLINES.

Is MARKOLINES PAVEMENT TEC L profitable?

Yes. Over the trailing twelve months MARKOLINES PAVEMENT TEC L reported a net profit of ₹27 Cr on revenue of ₹352 Cr.

Does MARKOLINES PAVEMENT TEC L pay a dividend?

Yes. The dividend yield is 0.88% at the current price. It paid out 13% of its profit as dividend in FY26.

Is MARKOLINES PAVEMENT TEC L debt-free?

No. Debt stands at 0.43× equity, and it carries net debt of ₹84 Cr. That is lower than 44% of its 91 Civil Construction peers.

Is MARKOLINES PAVEMENT TEC L expensive compared with its peers?

On trailing P/E, MARKOLINES PAVEMENT TEC L ranks 48 of 106 in Civil Construction — cheaper than 55% of them, against an industry median of 15.1×. This is a position, not a valuation judgement.

How much does the MARKOLINES PAVEMENT TEC L share price move in a day?

On a typical session MARKOLINES PAVEMENT TEC L moves 1.09% — that is the median absolute close-to-close move across its last 230 trading days. Announcement days are routinely larger.

Where can I track MARKOLINES PAVEMENT TEC L's announcements?

Every NSE and BSE filing by MARKOLINES PAVEMENT TEC L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.