MARKOLINES share price, P/E, ROE & financials

As of 6 Nov 2026, Markolines Pavement Technologies trades at 13.5× trailing earnings, in line with the industry P/E of 13.5×, and the shares are 14% below their 52-week high. Sales and net profit grew 9.2% and 19% a year over 3 years, with ROCE of 19% and ROE of 14%. Debt is 0.43× equity. It is a small-cap company with a market cap of ₹365 Cr, ranked 6th of 17 Infrastructure Operations companies by market cap; the shares rose 4.3% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹172.50
Day high: ₹172.51
Day low: ₹163.25
Prev. close: ₹172.32
Volume: 5.1 L

Health check

3 good · 2 fair · 1 to check

ReturnsAhead
+4.3% over a year, better than 6 of 7 peers.
Price tagIn line
P/E 13.5 vs industry 13.5.
GrowthSlow
Sales +9.2%, profit +18.5% a year over 3 years.
ProfitabilityAverage
ROCE 18.6% vs peer median 26.4%.
Balance sheetSolid
Debt 0.43× equity, interest covered 7.2×.
Red flagsNone found
No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Infrastructure Operations

16 listed peers. Screen the industry

Small cap

₹365 Cr, #6 of 17 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹352 Cr · profit ₹27 Cr

Market cap: ₹365 Cr; Small cap
P/E: 13.5; Industry 13.5
Price to book: 1.79; Peers 2.12
Dividend yield: 0.00%
ROE: 13.8%; Peers 23.8%
ROCE: 18.6%; Peers 26.4%
Debt to equity: 0.43; Debt ₹86 Cr
EPS (TTM): ₹12.14; Face value ₹10
OPM (TTM): 11.7%; Net margin 7.6%
Sales growth: +4.3%; Latest quarter vs a year ago
Profit growth: +15.1%; Latest quarter vs a year ago
Price to sales: 1.04; EV/EBITDA 9.2

Strengths and risks

Nothing stands out either way in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Markolines Pavement Technologies

Markolines Pavement Technologies Limited provides highway operations and maintenance services in India. The company offers highway maintenance services, including bituminous, rigid pavement, and preventative maintenance services; specialized maintenance services comprising microsurfacing and cold-in-place recycling services; and specialized construction services, such as tunneling, soil stabilization, full depth reclamation, and other infra development…

Headquarters: Navi Mumbai
Employees: 279
Sector: Industrials
ISIN: INE0FW001016
Website: markolines.com

Price range

52 weeks

₹131.65₹191.75

Today

₹163.25₹172.51

Avg volume (3M): 3.1 L
1-year return: plus 4.3%
From 52-week high: minus 14.3%

Peers · Infrastructure Operations

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
IRBIRB Infrastructure Developers	17.02	minus 0.93%	20,557	19.1	13.5	5.8%	43.7%	0.94	−0.4%	minus 23.1%
LCCPROJECTLCC Projects	134.78	plus 0.25%	3,904	13.1	9.0	45.2%	14.0%	0.69	43.1%	minus 20.8%
TECHNOCRAFTechnocraft Ventures	510.30	plus 0.95%	2,021	45.2	29.6	35.1%	18.9%	0.55	24.6%	plus 64.0%
BFUTILITIEBF Utilities	440.75	minus 3.56%	1,660	12.1	2.9	26.4%	66.5%	–	7.7%	minus 35.7%
HILINFRAHighway Infrastructure	72.05	plus 0.53%	517	19.4	19.6	19.4%	2.3%	0.45	10.1%	minus 7.2%
MARKOLINESMarkolines Pavement Technologies	164.28	minus 4.67%	365	13.5	7.4	–	10.2%	0.43	9.2%	plus 4.3%
ATLANTAAATLANTAA	35.16	minus 4.84%	287	–	12.4	3.0%	41.3%	1.48	13.0%	minus 20.5%
ANNUAnnu Projects	38.20	minus 3.46%	250	7.6	5.7	28.8%	15.4%	0.34	22.9%	minus 49.5%
Median of 7 peers	–	−0.93%	1,660	16.1	12.4	26.4%	18.9%	0.62	13.0%	−20.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
72.7	77.7	93	105	75.9
65.9	70.5	82.9	89	68.2
6.8	7.1	10.1	16.1	7.7
9.4%	9.2%	10.9%	15.3%	10.1%
1.5	1.7	1.7	2.7	1.8
1.5	1.5	1.3	2.2	1.9
1.7	1.7	1.9	1.8	1.7
–	–	−0.2	–	–
5.2	5.7	8.4	14.9	5.8
29.2%	32.2%	19.5%	24.9%	20.8%
3.8	4.1	7	11.4	4.4
–	1.70	3.33	5.15	1.96

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +9.2%
Profit CAGR 3Y: +18.5%
ROE: 13.8%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
268	334	307	348
–	+24.6%	minus 8.0%	+13.5%
240	302	265	302
28	32	41.9	46.7
10.4%	9.6%	13.6%	13.4%
−0.1	2.7	4.2	22.8
2.9	4.5	9.2	5.5
2.3	5	7.5	7
−0.3	−0.1	−0	−22.8
22.4	25.1	29.4	34.2
29.6%	32.3%	24.7%	25.4%
15.7	17.3	22.7	26.2
–	+9.9%	+31.3%	+15.5%
–	–	10.11	11.90

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
19.1	19.1	22	22.2
66.7	82.7	155	180
30.5	58.7	63	86.2
71.6	79.8	76.2	50.5
188	240	316	339
20.7	29.1	31.5	33.1
–	–	–	5.5
–	0	0	30.9
0.3	0.4	0.5	1.8
167	211	284	268
188	240	316	339

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
20.1	2.4	−16.3	6.2
−22.2	−23.1	−33.1	−20.8
0.9	20.6	49.5	15.9
−1.3	0	0.2	1.3
−15.2	−13.8	−10	−5.3
5	−11.4	−26.2	0.9
–	−1.3	−1.9	−3.3

Shareholding pattern

Source: NSE filings

54.6%

promoters

Promoters54.60%
Public45.40%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	54.60%	45.40%	minus 0.40
30 Jun 2026	55.00%	45.00%	plus 0.40
31 Mar 2026	54.60%	45.40%	minus 0.40
31 Dec 2025	55.00%	45.00%	0.00
13 Oct 2025	55.00%	45.00%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you