Markolines Pavement Technologies Limited

BSE: MARKOLINES543364ISIN INE0FW001016

Industrials
Civil Construction
BSE Industrials

Share price

₹179.70+0.30 (+0.17%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹191.75
52W low: ₹131.05
Off 52W high: -6.28%
1M return: +6.24%
3M return: +1.50%
6M return: +16.80%
1Y return: +8.68%
20D avg volume: 77,585
50 DMA: ₹172.34
200 DMA: ₹163.90

Key ratios Consolidated

Market cap: ₹399.00 Cr
Current price: ₹179.70
52W high / low: ₹191.75 / ₹131.05
Face value: ₹10.00
P/E: 15.01
P/B: 1.97
EPS (TTM): ₹11.97
Book value / share: ₹91.25
ROE: —
ROCE: 19.10%
Operating margin: —
Net margin: —
Debt / equity: 0.43
Net debt: ₹84.32 Cr
Interest cover: 6.34
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 129.0 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24	Q2 FY24	Q4 FY23
Income statement
	75.86	105.15	92.95	77.67	72.72	—	—	—	—
	1.75	2.73	1.68	1.74	1.49	—	—	—	—
	77.62	107.88	94.63	79.41	74.20	—	—	—	—
	71.78	92.97	86.05	73.72	69.01	—	—	—	—
	25.58	19.12	11.05	26.06	22.79	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	4.39	5.02	4.50	4.25	4.25	—	—	—	—
	1.93	2.15	1.31	1.46	0.55	—	—	—	—
	1.67	1.78	1.88	1.73	1.65	—	—	—	—
	38.62	40.45	60.94	65.23	45.51	—	—	—	—
	5.84	14.91	8.59	5.69	5.19	—	—	—	—
	0.00	0.00	-0.16	0.00	0.00	—	—	—	—
	5.84	14.91	8.42	5.69	5.19	—	—	—	—
	1.21	3.71	1.64	1.83	1.52	—	—	—	—
	4.36	11.36	6.78	4.08	3.79	—	—	—	—
	1.96	5.15	3.33	1.70	1.72	—	—	—	—
Key metrics
	9.44	18.84	11.61	8.88	7.39	—	—	—	—
	12.40%	17.90%	12.50%	11.40%	10.20%	—	—	—	—
	5.70%	10.80%	7.30%	5.30%	5.20%	—	—	—	—
	—	8.00%	—	3.70%	—	—	—	—	—
	4.30%	—	—	—	—	—	—	—	—
	15.00%	—	—	—	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	351.63	348.49	307.43	347.29	311.80
	7.90	7.64	5.37	3.82	0.63
	359.54	356.12	312.80	351.11	312.43
	324.52	321.75	283.42	325.60	289.75
	81.81	79.01	98.82	104.09	41.62
	0.00	0.00	0.00	0.00	—
	18.16	18.03	19.26	23.56	42.67
	6.85	6.41	7.07	5.08	3.30
	7.06	7.04	7.04	5.00	2.26
	205.24	211.18	137.61	182.31	209.85
	35.03	34.37	29.38	25.51	22.67
	-0.16	-0.16	0.00	-0.42	-0.29
	34.86	34.21	29.38	25.09	22.38
	8.39	8.70	7.38	8.10	6.63
	26.58	26.23	22.00	16.98	15.74
	12.14	11.90	10.09	9.06	—
Key metrics
	48.77	47.66	43.49	35.17	27.94
	13.87%	13.70%	14.10%	10.10%	9.00%
	7.56%	7.50%	7.20%	4.90%	5.00%
	—	19.10%	18.60%	24.60%	—
	—	13.40%	-11.50%	11.40%	—
	—	19.20%	29.60%	7.90%	—
	—	0.89	-45.63	-3.87	—
	—	0.24	-1.62	-0.23	—
	—	0.43	—	—	—
	—	84.32	—	—	—
	—	129.0	170.5	91.7	—
Balance sheet
	—	339.27	315.90	264.39	—
	—	211.65	263.39	223.44	—
	—	1.83	14.77	0.35	—
	—	143.50	183.94	121.00	—
	—	8.07	7.96	22.78	—
	—	14.08	48.46	70.23	—
	—	27.55	31.46	29.13	—
	—	28.49	48.32	56.51	—
	—	126.11	119.57	141.69	—
	—	86.15	—	—	—
	—	76.09	—	—	—
	—	10.06	—	—	—
	—	202.61	—	—	—
Cash flow
	—	6.24	-35.63	-3.87	—
	—	-20.81	-13.78	-11.89	—
	—	15.88	49.57	22.98	—
	—	5.35	10.00	0.00	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24	Q2 FY24	Q4 FY23
Income statement
	61.60	92.73	80.47	77.67	72.72	—	—	—	—
	2.51	2.68	1.96	1.82	1.44	—	—	—	—
	64.11	95.41	82.43	79.49	74.16	—	—	—	—
	58.53	80.33	73.62	73.59	68.85	—	—	—	—
	25.58	19.12	11.05	26.06	22.79	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	4.39	5.02	4.50	4.25	4.25	—	—	—	—
	1.93	2.15	1.31	1.46	0.55	—	—	—	—
	1.67	1.78	1.88	1.72	1.65	—	—	—	—
	25.37	27.81	48.51	65.09	45.34	—	—	—	—
	5.58	15.08	8.81	5.91	5.31	—	—	—	—
	0.00	0.00	-0.16	0.00	0.00	—	—	—	—
	5.58	15.08	8.64	5.91	5.31	—	—	—	—
	1.21	3.71	1.55	1.92	1.52	—	—	—	—
	4.36	11.36	7.09	3.99	3.79	—	—	—	—
	1.96	5.15	3.22	1.81	1.72	—	—	—	—
Key metrics
	9.18	19.01	11.83	9.09	7.51	—	—	—	—
	14.90%	20.50%	14.70%	11.70%	10.30%	—	—	—	—
	7.10%	12.30%	8.80%	5.10%	5.20%	—	—	—	—
	—	8.10%	—	3.90%	—	—	—	—	—
	-15.30%	—	—	—	—	—	—	—	—
	15.00%	—	—	—	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	312.47	323.58	300.49	347.29	311.80	186.64
	8.97	7.90	6.22	4.14	0.63	0.26
	321.44	331.48	306.71	351.43	—	186.90
	286.07	296.39	276.90	325.60	289.75	172.01
	81.81	79.01	92.38	104.09	41.62	29.85
	0.00	0.00	0.00	0.00	—	—
	18.16	18.03	19.26	23.56	42.67	40.10
	6.85	6.41	7.07	5.08	3.30	5.50
	7.05	7.04	7.04	5.00	2.26	2.65
	166.78	185.82	137.52	182.31	209.85	89.08
	35.38	35.10	29.81	25.83	22.67	14.88
	-0.16	-0.16	—	-0.42	-0.29	-0.21
	35.21	34.93	29.81	25.41	22.38	14.68
	8.39	8.70	7.25	8.10	6.63	4.57
	26.80	26.23	22.56	17.30	15.74	10.11
	12.14	11.90	10.09	9.06	—	—
Key metrics
	49.11	48.38	43.92	35.49	27.94	22.83
	15.72%	15.00%	14.60%	10.20%	9.00%	12.20%
	8.58%	8.10%	7.50%	5.00%	5.00%	5.40%
	—	19.40%	18.80%	24.80%	—	—
	—	7.70%	-13.50%	11.40%	67.10%	—
	—	16.30%	30.40%	9.90%	55.70%	—
	—	6.10	-43.26	-22.74	—	—
	—	0.44	-1.47	-0.52	—	—
	—	0.43	—	—	—	—
	—	84.33	—	—	—	—
	—	131.6	172.0	91.7	—	—
Balance sheet
	—	336.21	310.36	264.39	—	—
	—	201.51	255.19	223.44	—	—
	—	1.82	14.77	0.35	—	—
	—	136.48	176.51	121.00	—	—
	—	8.07	7.96	22.78	—	—
	—	10.97	47.69	70.23	—	—
	—	27.55	31.46	29.13	—	—
	—	27.95	42.91	56.51	—	—
	—	123.04	114.03	141.69	—	—
	—	86.15	—	—	—	—
	—	76.09	—	—	—	—
	—	10.06	—	—	—	—
	—	202.61	—	—	—	—
Cash flow
	—	11.45	-33.26	-8.95	—	—
	—	-25.96	-16.15	-11.68	—	—
	—	15.88	49.57	20.64	—	—
	—	5.35	10.00	13.79	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +1.24%
Sales CAGR 5Y: —
Profit CAGR 3Y: +18.56%
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: +3.78%
Sales CAGR 5Y: —
Profit CAGR 3Y: +18.56%
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 54.59%

Quarter	September 2026	June 2026
Promoter %	54.59%	54.99%

Holder	Type	Holding	Previous	Change
SANJAY B PATIL	Promoter	25.83%	26.02%	-0.19%
JAYA VIJAY OSWAL	Promoter Group	6.26%	6.31%	-0.05%
KIRTI RATANCHAND OSWAL	Promoter Group	6.04%	6.09%	-0.05%
HI-KLASS TRADING AND INVESTMENT	Public	6.03%	—	—
KARAN ATUL BORA	Promoter	4.57%	4.60%	-0.03%
Patil Kirtinandini Sanjay	Promoter Group	3.35%	3.37%	-0.02%
SAPHALA VIJAY OSWAL	Promoter Group	3.13%	3.15%	-0.02%
Sanskruti Pawar	Promoter Group	2.44%	2.46%	-0.02%
Pallavi Dhananjay Pawar	Promoter Group	2.20%	2.22%	-0.02%
KARAN KAPOOR	Public	1.91%	1.92%	-0.01%
BRIJESH THAKKAR	Public	1.43%	1.36%	+0.07%
RAHUL JHUNJHUNWALA	Public	1.39%	1.40%	-0.01%
L7 HITECH PRIVATE LIMITED	Public	1.30%	1.31%	-0.01%
VISTAAR TRADING SERVICE PRIVATE LIMITED	Public	1.28%	—	—
MSB e-TRADE SECURITIES LIMITED	Public	1.26%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Larsen & Toubro Limited	5,41,567	3,936.05	25.92	13.20%	+11.15% TTM	+9.38% TTM	+0.38%
Rail Vikas Nigam Limited	39,866	191.20	44.50	10.30%	+5.40% TTM	-24.84% TTM	-41.30%
Cemindia Projects Limited	24,136	1,308.75	40.12	40.00%	+10.02% TTM	+46.60% TTM	+51.63%
KALPATARU PROJECTS INTERNATIONAL LIMITED	23,312	1,365.10	20.66	20.50%	+14.56% TTM	+61.94% TTM	+3.93%
NBCC (India) Limited	21,006	77.80	27.44	29.70%	+3.51% TTM	+30.78% TTM	-31.72%
IRB Infrastructure Developers Limited	20,303	16.81	21.28	6.00%	-2.20% TTM	-85.42% TTM	-24.80%
Engineers India Ltd.	16,901	300.70	18.83	26.60%	+6.00% TTM	+66.97% TTM	+52.21%
Techno Electric & Engineering Company Limited	10,302	885.80	23.90	12.80%	+38.72% TTM	-6.49% TTM	-32.09%
IRCON International Ltd	9,717	103.32	20.09	7.30%	-2.58% TTM	-19.18% TTM	-38.54%
RITES Limited	9,470	197.05	20.53	18.30%	+10.59% TTM	-0.32% TTM	-20.93%
Welspun Enterprises Limited	9,395	678.75	27.00	14.60%	+0.63% TTM	+0.78% TTM	+20.42%
KEC International Ltd.	8,554	321.35	20.24	20.30%	-1.94% TTM	-38.14% TTM	-60.26%
Afcons Infrastructure Limited	7,768	211.20	54.08	11.60%	-11.87% TTM	-73.03% TTM	-52.52%
NCC Limited	7,616	121.30	10.18	17.50%	-1.81% TTM	-12.01% TTM	-41.04%
G R Infraprojects Limited	7,422	767.10	7.31	12.50%	+25.06% TTM	-7.95% TTM	-33.27%
Power Mech Projects Limited	7,111	2,249.10	16.91	21.20%	+15.79% TTM	+14.76% TTM	-8.84%
Ceigall India Limited	6,957	399.35	21.65	17.60%	+20.31% TTM	+23.56% TTM	+60.28%
ISGEC Heavy Engineering Limited	6,942	944.10	27.43	10.50%	+21.43% TTM	+17.19% TTM	+7.10%
Dilip Buildcon Limited	6,485	399.20	5.17	22.20%	-18.82% TTM	+29.15% TTM	-21.95%
Hindustan Construction Co. Ltd.	4,904	18.72	29.56	17.20%	-20.64% TTM	+0.03% TTM	—
LCC PROJECTS LIMITED	3,925	135.50	13.85 FY26	—	+23.37% FY26	+28.09% FY26	—
Ahluwalia Contracts (India) Ltd	3,555	530.75	15.80	15.80%	+12.00% TTM	+1.04% TTM	-42.18%
STERLING AND WILSON RENEWABLE ENERGY LIMITED	3,509	150.25	16.46	-9.60%	-9.04% TTM	+158.14% TTM	-36.00%
PNC Infratech Limited	3,293	128.35	5.22	13.50%	+1.82% TTM	-21.49% TTM	-54.49%
Vindhya Telelinks Ltd.	3,242	2,735.95	13.67	4.00%	-17.53% TTM	+2.25% TTM	+99.79%
Markolines Pavement Technologies Limited	399	179.70	15.01	19.10%	—	—	+8.68%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Markolines Pavement Technologies Limited is pleased to inform that it has received two Work Orders from Brihanmumbai Municipal Corporation (BMC) for undertaking microsurfacing works on ....4 Nov 2026 · Others
Markolines Pavement Technologies Limited informed the exchange regarding Compliance Certificate Under Reg. 74 (5) of SEBI (DP) Regulations6 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Markolines Pavement Technologies Limited has informed the stock exchange about the voting results and scrutiniser report for the 24th Annual General Meeting of the Company30 Sep 2026 · AGM/EGM / AGM
Markolines Pavement Technologies Limited intimated the proceedings of the 24th Annual General Meeting of the Company held on 29th September 2026 to the esteemed exchange.29 Sep 2026 · AGM/EGM / AGM
Markolines Pavement Technologies Limited informed the esteemed exchanged regarding closure of trading window of the Company for all designated persons and their immediate relatives from ....25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we hereby submit copies of the newspaper publications published ....7 Sep 2026 · Company Update / Newspaper Publication
We hereby inform that the 24th Annual General Meeting of the Members of Markolines Pavement Technologies Limited will be held on Tuesday 29 September 2026 at 11.30 A.M. (IST) through Video ....7 Sep 2026 · AGM/EGM / AGM
Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Annual Report of Markolines Pavement Technologies Limited ....7 Sep 2026 · Others / Reg. 34 (1) Annual Report
Re-appointment of Mr. Sanjay Bhanudas Patil as a Managing Director of Markolines Pavement Technologies Limited with effect from 27th August 2026 for five year subject to approval of members27 Aug 2026 · Company Update / Change in Directorate
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find attached the Outcome of the Board Meeting of the Company held on 27th August 202627 Aug 2026 · Others / Outcome without intimation
Markolines Pavement Technologies Limited Enclosed Investors'' Presentation for Q1-FY2027.19 Aug 2026 · Company Update / Investor Presentation
Markolines Pavement Technologies Limited informed the esteemed exchange regarding receipt of observation letters with no adverse objection from BSE Limited and National Stock Exchange of ....18 Aug 2026 · Company Update / Scheme of Arrangement
Markolines Pavement Technologies Limited informed the esteemed exchange about press release about Q1 FY 2027 Financial Results-June 2026.15 Aug 2026 · Company Update / Press Release / Media Release
Markolines Pavement Technologies Limited informed the esteemed exchange regarding Re-appointment of Mrs. Anjali Sapkal as an Independent Director of the Company and appointment of Mr. Rahul ....14 Aug 2026 · Others
Markolines Pavement Technologies Limited has informed Standalone and Consolidated Financial Results for June 2026 Quarter to Esteemed Exchange14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Markolines Pavement Technologies Limited Informed the Esteemed Exchange about Standalone and Consolidated Financial Results for June 2026 Quarter.14 Aug 2026 · Result / Financial Results
Markolines Pavement Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve Quarterly ....11 Aug 2026 · Board Meeting / Board Meeting
Pursuant to Regulation 30 of SEBI LODR Regulations 2015, we hereby inform you about resignation of Mr. Akash Phatak (DIN: 09288697), Independent Director of the Company with effect from ....20 Jul 2026 · Company Update / Resignation of Director
It is informed to the esteemed exchange that the Company has received listing and trading approval from BSE Limited and National Stock Exchange of India Limited for 1,62,800 Equity Shares ....17 Jul 2026 · Company Update / General
Markolines Pavement Technologies Limited informed the esteemed exchange about the certificate received from its RTA under Regulation 74 (5) of SEBI (DP) Regulations for June 2026 quarter.9 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Markolines Pavement Technologies Limited informed the esteemed exchange about Company''s intent to explore opportunities in the Marine Infrastructure Construction and Maintenance Segment.3 Jul 2026 · Company Update / General
Markolines Pavement Technologies Limited informed the Esteemed Exchange about Closure of Trading Window for all designated persons and their immediate relatives from 1st July 2026 till ....26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
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 ....2 Jun 2026 · Company Update / Earnings Call Transcript
Markolines Pavement Technologies Ltd. informed the esteemed exchange about statement of deviation(s) or variation(s) for the quarter ended March 31,2026.30 May 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
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.29 May 2026 · Company Update / Analyst / Investor Meet
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 ....29 May 2026 · Company Update / Investor Presentation
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.26 May 2026 · Company Update / Press Release / Media Release
Markolines Pavement Technologies Limited informed the esteemed exchange about quarterly and annual financial results for the year ended March 31, 2026.26 May 2026 · Result / Financial Results
Markolines Pavement Technologies Limited informed the esteemed exchange about Approval of Audited Financial results for the quarter and year ended March 31, 2026.26 May 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Virtual Meeting with investors/ analysts scheduled on Friday the 29th May, 2026 at 1.00 p.m. onwards25 May 2026 · Company Update / Analyst / Investor Meet
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 ....21 May 2026 · Board Meeting / Board Meeting
The Company is in receipt of Settlement Order by SEBI in the matter of Settlement Application filed by the Company in the matter of Reg.32 of SEBI LODR Regulations.30 Apr 2026 · Company Update / General
Appointment of CS Aniruddha Hublikar as Company Secretary and Compliance Officer of the Company with effect from 29th April, 2026.29 Apr 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Compliance Certificate under Reg 74 (5) of SEBI (DP) Regulations20 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
General Disclosure of acceptance of Letter of Acceptance for multiple work orders from Sports Authority of Andhra Pradesh, I.G.M.C. Stadium, Vijaywada.15 Apr 2026 · Company Update / Award of Order / Receipt of Order
General updates as to Scheme of Amalgamation documents filed by the Company with BSE and NSE27 Mar 2026 · Company Update / General
Intimation of Closure of Trading Window for Insiders and Designated Person for a period starting from 1st April, 2026 till 48 hours after approval of audited Standalone and Consolidated ....27 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
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 ....25 Mar 2026 · Company Update / General
Transcript of Post Earning Conference call with Analyst/ Investors held on 11th March, 202616 Mar 2026 · Company Update / Earnings Call Transcript
Transcript of Post Earnings Conference Call with Analyst / Investors held on 11th March, 2026.14 Mar 2026 · Company Update / Earnings Call Transcript

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.5000	19 Sep 2025	19 Sep 2025	—
Final Dividend - Rs. - 1.0000	20 Sep 2024	20 Sep 2024	—

Board meetings

14 Aug 2026 Board Meeting - Financial Results