M

MARKOLINES PAVEMENT TEC L

MARKOLINESNSE
Market snapshot · 2026-08-12 15:27 UTC

175.12

₹-1.72 (-0.97%)

MARKET CAP

₹385.98 Cr

STOCK P/E

14.7x

52W HIGH

₹191.75

52W LOW

₹131.65

BOOK VALUE

₹91.73

EPS

₹11.90

ROE

13.83%

SECTOR

Industrials

DEBT/EQUITY

42.55

VOLUME

1.16L

P/B RATIO

1.91x

PEG RATIO

Sector

Industrials

Themes

Roads
₹187.62₹174.14₹160.66₹147.18₹133.70VolumeOct '25Nov '25Jan '26Feb '26Apr '26May '26Jun '26Aug '26

AI Summary

✦ Clartha

Markolines Pavement Technologies is an Indian highway operations and maintenance company. Highway Maintenance Services drives revenue through pavement rehabilitation, resurfacing, preventive sealing, and recycling services. Specialized Construction Services adds consultancy and rigid-pavement maintenance capabilities. Recent industry-wide AI-driven layoffs have limited direct relevance, as the company’s site-based services remain labor-intensive. No company-specific catalyst is provided to support a measurable margin or growth uplift. Revenue grew 13.4% year-on-year, while profit increased 15.5%, indicating improving operating leverage and margins. However, the 42.55 debt-to-equity ratio means leverage materially amplifies the 13.8% ROE and increases financial risk. At 15.0 times earnings, valuation appears fair relative to the company’s growth profile. The key open question is whether margin improvement can continue while elevated debt constrains returns and cash-flow flexibility.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for MARKOLINES.

Coverage check

Price Forecast

Current
₹175.12
High Target
Median Target
Low Target
Now₹175.12Oct '25Now12M Target
Price history (1Y)
Analyst target range

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹135.77 - ₹212.5580%
6M₹120.03 - ₹226.2480%
12M₹99.05 - ₹242.7780%
Realized vol: +35.0% · Drift: -6.0%

Revenue Forecast

₹ Cr
Mar '26Current₹93.0
Sep 2026 ETrend estimate range
High₹89.9Base₹83.2Low₹76.6
Jun '25: ₹73.0 · Sep '25: ₹78.0 · Dec '25: ₹80.0 · Mar '26: ₹93.0 · Sep '26: ₹83.2 · Dec '26: ₹85.4
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E73.078.080.093.083.285.4
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Mar '26Current₹5.12
Sep 2026 ETrend estimate range
High₹2.49Base₹2.22Low₹1.96
Jun '25: ₹1.72 · Sep '25: ₹1.81 · Dec '25: ₹3.22 · Mar '26: ₹5.12 · Sep '26: ₹2.22 · Dec '26: ₹3.96
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E1.721.813.225.122.223.96
PastCurrentTrend estimate: Low / Base / High
Analyst price target unavailable from FMP/yfinance. Analyst pillar unavailable from FMP/yfinance.
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
58%
Analyst Consensus
Unavailable

Analyst coverage unavailable

Mean upsideNot available

Fundamentals

Moderate

Fundamentals institutional score is 50 using EVA spread proxy 1.8%; growth durability 32.1.

Valuation

Premium valuation

Valuation institutional score is 34 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Unavailable

No usable analyst target or recommendation data was available.

Technical Structure

Strong Trend

Technicals institutional score is 100 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 2 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. technical structure provide support, while fundamentals and valuation remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Premium valuationTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target PriceUnavailable
Mean UpsideNot available
Technical Score100%
Fundamental Score50%
Data CoverageMedium

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 9.4% above historical median. Valuation is stable — currently in the overvalued zone (z-score: +1.27). Confidence: 50%.

Forward Valuation Outlook

Forward outlook is unavailable because live next-12-month estimate data is not available for this ticker right now.

P/E
Overvalued

5Y Average

13.48

Current

14.72

Overvalued

15.47

Undervalued

11.44

EV/EBITDA
Overvalued

5Y Average

9.10

Current

9.93

Overvalued

10.47

Undervalued

7.74

P/B
Fair

5Y Average

1.84

Current

1.91

Overvalued

2.11

Undervalued

1.56

Peers & Comparison

Sector: Industrials · Theme: Roads

Roads Peers8 peers
Avg P/E: 15.1x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
+168.9%3.2%
9.4x
Undervalued
-38% vs avg
-63.5%
20.1x
Premium
+33% vs avg
+3.5%-19.2%
-5.5%
+1.0%-2.6%
-27.1%
28.1x
Premium
+86% vs avg
+21.8%63.5%
2.8x
Undervalued
-81% vs avg
+7.5%
MEP INFRASTRUCTURE DEVELOPERS LTD
MEP INFRASTRUCTURE DEVELOPERS LTDRoads
RADHA MADHAV CORPORATION LTD
RADHA MADHAV CORPORATION LTDRoads
WHY THESE PEERS

Comparable-scale peer data is limited — showing nearest stored business/industry peers instead of an empty comparison.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹93 CrMar 2026

Latest net profit

₹11 CrMar 2026

Latest EPS

₹5.12Mar 2026

Net margin

18.0%Mar 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.0%5.0%10.0%15.0%20.0%0.00 Cr30 Cr60 Cr90 Cr120 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr30 Cr60 Cr90 Cr120 Cr₹0₹2₹4₹6₹8
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr25 Cr50 Cr75 Cr100 Cr

Latest reported period: Mar 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-115 Cr0.00 Cr115 Cr230 Cr345 Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +50568011573788093
Expenses +4649739566707076
Operating Profit56819771016
OPM %10%11%9%17%10%9%12%18%
Other Income +11321223
Interest12131112
Depreciation22222222
Profit before tax2371756915
Tax %25%24%15%27%29%32%18%25%
Net Profit +2261244711
EPS in Rs0.781.102.865.591.721.813.225.12
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters58.14%56.91%55.00%55.00%55.00%
FII0.18%0.18%0.18%0.18%0.18%
DII0.11%0.11%
Public31.28%30.91%31.55%31.00%31.76%
Others10.40%12.00%13.27%13.71%12.95%
Mar 2026
Promoters
FII
DII
Public
Others

Events Timeline

Announcement under Regulation 30 (LODR)-Resignation of Director

Jul 20, 2026PDFCompany Reports Open

Intimation Regarding Receipt Of Listing And Trading Approval For 1,62,800 Equity Shares From BSE Limited And National Stock Exchange Of India Limited

Jul 17, 2026PDFCompany Reports Open

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Jul 09, 2026PDFCompany Reports Open

Intimation Regarding Strategic Expansion Into Marine Infrastructure Construction And Maintenance Activities

Jul 03, 2026PDFCompany Reports Open

Closure of Trading Window

Jun 26, 2026PDFCompany Reports Open