MARKOLINESIndustrials

Markolines Pavement Technologies Limited

Civil Construction · ISIN INE0FW001016 · BSE 543364 · NSE EQ · FV ₹10
Last price
₹173
+1.32%today
What this company does

Markolines Pavement Technologies Limited operates in Civil Construction, part of the Industrials sector. It booked ₹76 cr of revenue in its latest quarter (Q1 FY27) and kept 5.7% of sales as profit.

63out of 100
Equitytale Health Score
Mixed

Healthier than 63% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 234–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
50

At close. Not part of the score.

Profitability & returns52

How much profit it earns on the money it employs

Balance sheet43

How much it owes, and whether earnings cover the interest

Cash quality91

Whether reported profit actually arrives as cash

Valuation55

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 15% vs last year
Promoters hold 55%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 5.7% net margin

What if I invest in MARKOLINES?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹173 +1.32%
latest close · 2026-09-17
52-wk low ₹16042 sessions so far52-wk high ₹183
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio22.0Average
LowAverageHigh
P/B ratio1.89Moderate
Below bookModerateHigh
EV / EBITDA12.4Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.6%Fair
WeakFairStrong ▸15%
Return on capital14.6%Fair
WeakFairStrong
Net margin5.7%Decent
ThinDecentStrong
EBITDA margin12.4%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.43Comfortable
LowModerateHigh ▸1
Interest cover4.0×Okay
RiskyOkayStrong ▸5×
Current ratio1.68Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹384 cr
Book value
₹91
EPS
₹1.96
latest quarter
Net debt
₹84 cr
owes more than its cash
Enterprise value
₹468 cr
EBITDA
₹38 cr
annualised
EBIT
₹31 cr
annualised
Operating margin
10.2%
Return on assets
5.1%
Earnings yield
4.54%
P/S
1.26
Sales / share
₹136.7
Tax rate
20.8%
Face value
₹10
Shares
2.2 cr
Working capital
₹86 cr
Current assets
₹212 cr
Current liabilities
₹126 cr
Delivery %
27.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹394₹394, midpoint ₹394

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹76 cr
Other Income₹2 cr
Total Income₹78 cr
Cost of Materials₹26 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-40.8 L
Employee Benefit Expense₹4 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹39 cr
Total Expenses₹72 cr
Profit before Tax₹6 cr
Tax Expense₹1 cr
Share of JV / Associates₹-26.3 L
Net Profit₹4 cr
Net margin on total income5.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹25 cr32.5%
Employee benefit expense₹4 cr5.7%
Finance costs₹2 cr2.5%
Depreciation & amortisation₹2 cr2.2%
Other expenses₹39 cr49.9%
Tax expense₹1 cr1.6%
Profit for the period₹4 cr5.6%
Total income ₹78 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue93 cr105 cr76 cr
Total income95 cr108 cr78 cr
Expenses86 cr93 cr72 cr
Profit before tax8 cr15 cr6 cr
Tax2 cr4 cr1 cr
Net profit (owners' share)7 cr11 cr4 cr
Net margin (owners' share, on revenue)7.3%10.8%5.7%
EPS (₹)3.335.151.96
YoY (latest quarter): total income +4.6% · net profit +15.1%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹339 cr
Shareholder equity
₹203 cr
parent shareholders
Total debt
₹86 cr
Cash
₹2 cr
Cash flow · H1 FY26
Operating
₹22 cr
Investing
₹-14 cr
Financing
₹-8 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.87%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹1.5
ex 19 Sep 2025
ActionDetailEx-date
Dividend₹1.5 / share19 Sep 2025
Dividend₹1 / share20 Sep 2024
Dividend₹0.7 / share22 Sep 2023
Dividend₹0.5 / share21 Sep 2022
Who owns it · 2026-06-30
No pledge
Promoter
55.0%
FII / Foreign
0.6%
DII / Domestic
0.1%
Retail / others
44.3%
Smart-money activity
Bulk / block deals
BoughtVISTAAR TRADING SERVICE PRIVATE LIMITED · NSE1.50 L @ ₹166.0616 Sep 26
SoldVISTAAR TRADING SERVICE PRIVATE LIMITED · NSE1.21 L @ ₹167.2216 Sep 26
SoldVISTAAR TRADING SERVICE PRIVATE LIMITED · NSE1.19 L @ ₹176.878 Sep 26
Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 17 named members
owning 55.0% between them · as of 2026-06-30
SANJAY B PATIL26.02%
JAYA VIJAY OSWAL6.31%
KIRTI RATANCHAND OSWAL6.09%
KARAN ATUL BORA4.60%
Patil Kirtinandini Sanjay3.37%
SAPHALA VIJAY OSWAL3.15%
Sanskruti Pawar2.46%
Pallavi Dhananjay Pawar2.22%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹1 cr raised in Mar 2026 by issue of equity shares on conversion of warrants

As of Mar 2026, the company says it has spent 100% of what it set aside.

General Corporate expenses
₹0 cr of ₹0 cr
Working capital expenditure, Equipment purchase (CAPEX), Business expansion, Repayment of existing loans
100%
₹1 cr of ₹1 cr
₹49.5 L raised in Feb 2026 by issue of equity shares on conversion of warrants

As of Mar 2026, the company says it has spent 100% of what it set aside.

General Corporate expenses
₹0 cr of ₹0 cr
Working capital expenditure, Equipment purchase (CAPEX), Business expansion, Repayment of existing loans
100%
₹49.5 L of ₹49.5 L

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.