Markolines Pavement Technologies Limited
NSE: MARKOLINES · Civil Construction
Snapshot
Unlock Markolines Pavement Technologies Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Markolines Pavement Technologies Limited is an Indian infrastructure company specialising in highway operations and maintenance services. Its operations are divided into highway maintenance and specialised construction services, focusing on pavement rehabilitation, structural distress repair, and soil stabilisation.
Business Model
The company generates revenue by providing specialised maintenance and construction services for highway infrastructure, including bituminous resurfacing, micro-surfacing, and cold-in-place recycling. It operates as a service provider for road authorities and concessionaires, leveraging technical expertise in pavement longevity and structural integrity.
Growth Outlook
Growth is driven by the increasing demand for road infrastructure maintenance and the adoption of advanced pavement recycling technologies in India. The company is well-positioned to benefit from the government's focus on expanding and upgrading the national highway network.
Key Risks
- Project Concentration Risk. The company's revenue is heavily dependent on government-led infrastructure projects, making it vulnerable to delays in public spending or policy shifts.
- Execution Risk. Large-scale civil construction projects are subject to operational challenges, including site-specific delays, labour shortages, and cost overruns.
- Raw Material Price Volatility. Fluctuations in the prices of bitumen and other construction materials can significantly impact profit margins on fixed-price contracts.
- Competitive Intensity. The highway maintenance sector in India is highly fragmented, leading to intense price competition from both large infrastructure firms and smaller regional players.
Start your research today
Unlock AI insights, financials, peers and live data on Markolines Pavement Technologies Limited and 5,000+ companies — free.
Key Metrics
P/E
12.6x
Q4 FY26 · consolidated
EV/EBITDA
8.4x
Q4 FY26 · consolidated
NET PROFIT MARGIN
5.7%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.4x
Q1 FY27 · consolidated
Peers · Civil Construction
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Markolines Pavement Technologies LimitedMARKOLINES | ₹382 Cr | 12.62 | 8.44 | — | 13.1% | 14.7% | 21.7% | +1.1% |
Brahmaputra Infrastructure LimitedBRAHMINFRA | ₹475 Cr | 7.98 | 6.90 | 50.9% | 23.9% | 19.8% | 16.7% | +62.7% |
W S Industries (I) LimitedWSI | ₹458 Cr | 201.23 | 37.68 | -65.9% | 20.0% | 0.9% | 3.2% | -19.6% |
Vishnu Prakash R Punglia LimitedVPRPL | ₹452 Cr | -2.30 | -8.00 | -43.3% | -19.3% | -27.9% | -21.7% | -68.7% |
Zodiac EnergyZODIAC | ₹363 Cr | 14.98 | 8.84 | — | 11.1% | 21.7% | 22.1% | -39.1% |
GVK Power & Infrastructure LimitedGVKPIL | ₹328 Cr | -52.00 | -180.40 | -100.0% | -355.6% | 0.6% | -0.7% | -38.5% |
As of Q4 FY26
Financials
Markolines Pavement Technologies Limited
NSE: MARKOLINES · Civil Construction
Snapshot
Unlock Markolines Pavement Technologies Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Markolines Pavement Technologies Limited is an Indian infrastructure company specialising in highway operations and maintenance services. Its operations are divided into highway maintenance and specialised construction services, focusing on pavement rehabilitation, structural distress repair, and soil stabilisation.
Business Model
The company generates revenue by providing specialised maintenance and construction services for highway infrastructure, including bituminous resurfacing, micro-surfacing, and cold-in-place recycling. It operates as a service provider for road authorities and concessionaires, leveraging technical expertise in pavement longevity and structural integrity.
Growth Outlook
Growth is driven by the increasing demand for road infrastructure maintenance and the adoption of advanced pavement recycling technologies in India. The company is well-positioned to benefit from the government's focus on expanding and upgrading the national highway network.
Key Risks
- Project Concentration Risk. The company's revenue is heavily dependent on government-led infrastructure projects, making it vulnerable to delays in public spending or policy shifts.
- Execution Risk. Large-scale civil construction projects are subject to operational challenges, including site-specific delays, labour shortages, and cost overruns.
- Raw Material Price Volatility. Fluctuations in the prices of bitumen and other construction materials can significantly impact profit margins on fixed-price contracts.
- Competitive Intensity. The highway maintenance sector in India is highly fragmented, leading to intense price competition from both large infrastructure firms and smaller regional players.
Start your research today
Unlock AI insights, financials, peers and live data on Markolines Pavement Technologies Limited and 5,000+ companies — free.
Key Metrics
P/E
12.6x
Q4 FY26 · consolidated
EV/EBITDA
8.4x
Q4 FY26 · consolidated
NET PROFIT MARGIN
5.7%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.4x
Q1 FY27 · consolidated
Peers · Civil Construction
As of Q4 FY26