MARKOLINES PAVEMENT TEC L (MARKOLINES) financials

MARKOLINES PAVEMENT TEC L (MARKOLINES) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 2002, Markolines Pavement Technologies Ltd is in the business of providing highway operations & maintenance services[1]

Market Cap: ₹396Cr.
Current Price: ₹178
Stock P/E: 14.7
ROE: 14.0%
ROCE: 15.8%
Book Value: ₹91.2
Dividend Yield: 0.00%
52W High / Low: ₹192/131

In Jun 2026, MARKOLINES PAVEMENT TEC L (MARKOLINES) reported sales ₹61.60 Cr and net profit ₹4.36 Cr.

Annual TTM: sales ₹312 Cr, net profit ₹27 Cr.

Shareholding: Promoters 54.60% (Sep 2026), FIIs 0.00% (Sep 2026), DIIs 0.03% (Sep 2026), Public 45.38% (Sep 2026), No. of Shareholders 6,653% (Sep 2026).

MARKOLINES quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	55.50	80.06	114.57	72.72	77.67	80.46	92.73	61.60
Expenses	49.43	72.52	95.28	65.72	70.40	70.43	76.40	54.93
Operating Profit	6.07	7.54	19.29	7.00	7.27	10.03	16.33	6.67
OPM %	10.94%	9.42%	16.84%	9.63%	9.36%	12.47%	17.61%	10.83%
Other Income	1.08	2.61	2.45	1.44	1.82	1.80	2.68	2.51
Interest	1.98	0.86	2.83	1.48	1.46	1.31	2.15	1.93
Depreciation	1.98	1.88	1.96	1.65	1.72	1.88	1.78	1.67
Profit before tax	3.19	7.41	16.95	5.31	5.91	8.64	15.08	5.58
Tax %	24.45%	15.25%	27.49%	28.63%	32.49%	18.06%	24.67%	21.68%
Net Profit	2.41	6.29	12.29	3.79	3.99	7.09	11.36	4.36
EPS in Rs	1.10	2.86	5.59	1.72	1.81	3.22	5.12	1.96
Raw PDF	—	—	—	—	—	—	—	—

MARKOLINES profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	171	158	187	312	347	300	324	312
Expenses	153	144	163	284	316	261	283	272
Operating Profit	18	14	23	28	32	39	41	40
OPM %	11%	9%	13%	9%	9%	13%	13%	13%
Other Income	0	-0	0	0	4	6	8	9
Interest	5	5	6	3	5	8	6	7
Depreciation	3	2	3	2	5	8	7	7
Profit before tax	10	6	15	22	25	30	35	35
Tax %	31%	38%	31%	30%	32%	24%	25%	—
Net Profit	7	4	10	16	17	23	26	27
EPS in Rs	4.76	2.66	4.57	7.13	7.83	10.33	11.81	12.11
Dividend Payout %	0%	0%	9%	8%	11%	15%	0%	—

MARKOLINES balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0.87	0.87	0.87	19	19	19	22	22
Reserves	12	19	24	52	67	83	155	180
Borrowings	38	37	36	27	31	59	63	86
Other Liabilities	23	33	48	38	72	80	71	47
Total Liabilities	73	90	108	136	188	240	311	336
Fixed Assets	12	10	10	9	21	29	32	29
CWIP	0	0	0	0	0	1	1	3
Investments	0	0	0	0	8	10	21	38
Other Assets	61	80	98	127	158	200	257	267
Total Assets	73	90	108	136	188	240	311	336

MARKOLINES cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-7	7	1	-20	20	2	-13	11
Cash from Investing Activity	-7	-0	-2	-2	-22	-23	-36	-26
Cash from Financing Activity	13	-7	0	22	1	21	50	16
Net Cash Flow	-0	-0	0	1	-1	0	0	1
Free Cash Flow	-14	6	-1	-21	6	-11	-23	6
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	-73%	40%	8%	-84%	73%	8%	-14%	50%

MARKOLINES shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	61.21%	58.14%	56.91%	55.00%	55.00%	55.00%	55.00%	54.60%
FIIs	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.59%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.11%	0.11%	0.10%	0.03%
Public	38.60%	41.67%	42.90%	44.81%	44.70%	44.70%	44.31%	45.38%
No. of Shareholders	2,241	2,182	2,726	6,747	6,609	6,911	7,743	6,653

MARKOLINES key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	191	81	103	114	89	127	214	154
Inventory Days	101	94	125	148	271	76	27	37
Days Payable	190	90	147	110	408	188	148	129
Cash Conversion Cycle	102	85	80	152	-48	15	94	62
Working Capital Days	100	62	72	146	84	69	94	86
ROCE %	—	29%	20%	27%	24%	22%	19%	16%

MARKOLINESUpdated 18 Oct 2026, 13:35

Markolines Pavement Tec L

MARKOLINESUpdated 18 Oct 2026, 13:35

Market Cap

₹396Cr.

Current Price

₹178

High / Low

₹192/131

Stock P/E

14.7

ROE14.0%

ROCE15.8%

Book Value₹91.2

Face Value₹10.0

Dividend Yield0.00%

About

Incorporated in 2002, Markolines Pavement Technologies Ltd is in the business of providing highway operations & maintenance services[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2024	50.36	1.46	45.55	0.64	1.68	2.31	25.11	1.73	0.78
Sep 2024	55.5	1.98	49.43	1.08	1.98	3.19	24.45	2.41	1.1
Dec 2024	80.06	0.86	72.52	2.61	1.88	7.41	15.25	6.29	2.86
Mar 2025	114.57	2.83	95.28	2.45	1.96	16.95	27.49	12.29	5.59
Jun 2025	72.72	1.48	65.72	1.44	1.65	5.31	28.63	3.79	1.72
Sep 2025	77.67	1.46	70.4	1.82	1.72	5.91	32.49	3.99	1.81
Dec 2025	80.46	1.31	70.43	1.8	1.88	8.64	18.06	7.09	3.22
Mar 2026	92.73	2.15	76.4	2.68	1.78	15.08	24.67	11.36	5.12
Jun 2026	61.6	1.93	54.93	2.51	1.67	5.58	21.68	4.36	1.96

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2019	73	3	64	0	2	4	31	3	1.67
Mar 2020	171	5	153	0	3	10	31	7	4.76
Mar 2021	158	5	144	0	2	6	38	4	2.66
Mar 2022	187	6	163	0	3	15	31	10	4.57
Mar 2023	312	3	284	0	2	22	30	16	7.13
Mar 2024	347	5	316	4	5	25	32	17	7.83
Mar 2025	300	8	261	6	8	30	24	23	10.33
Mar 2026	324	6	283	8	7	35	25	26	11.81
TTM	312	7	272	9	7	35	—	27	12.11

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	54.6%
DIIs	0.03%
Public	45.38%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	72.2%	0%	1.82%	25.98%
Mar 2024	71.32%	0%	1.82%	26.86%
Jun 2024	71.32%	0%	1.82%	26.86%
Sep 2024	71.32%	0.21%	0.67%	27.8%
Dec 2024	61.21%	0.18%	0%	38.6%
Mar 2025	58.14%	0.18%	0%	41.67%
Jun 2025	56.91%	0.18%	0%	42.9%
Sep 2025	55%	0.18%	0%	44.81%
Dec 2025	55%	0.18%	0.11%	44.7%
Mar 2026	55%	0.18%	0.11%	44.7%
Jun 2026	55%	0.59%	0.1%	44.31%
Sep 2026	54.6%	0%	0.03%	45.38%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2019	0.87	12	38	23	73	12	0	0	61	73
Mar 2020	0.87	19	37	33	90	10	0	0	80	90
Mar 2021	0.87	24	36	48	108	10	0	0	98	108
Mar 2022	19	52	27	38	136	9	0	0	127	136
Mar 2023	19	67	31	72	188	21	0	8	158	188
Mar 2024	19	83	59	80	240	29	1	10	200	240
Mar 2025	22	155	63	71	311	32	1	21	257	311
Mar 2026	22	180	86	47	336	29	3	38	267	336

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2019	-7	-7	13	0
Mar 2020	7	0	-7	0
Mar 2021	1	-2	0	0
Mar 2022	-20	-2	22	1
Mar 2023	20	-22	1	-1
Mar 2024	2	-23	21	0
Mar 2025	-13	-36	50	0
Mar 2026	11	-26	16	1

Key ratios

Historical financial ratios

Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	191	81	103	114	89	127	214	154
Inventory Days	101	94	125	148	271	76	27	37
Days Payable	190	90	147	110	408	188	148	129
Cash Conversion Cycle	102	85	80	152	-48	15	94	62
Working Capital Days	100	62	72	146	84	69	94	86
ROCE %	—	29%	20%	27%	24%	22%	19%	16%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of MARKOLINES PAVEMENT TEC L (MARKOLINES)?

The reported market capitalisation for MARKOLINES PAVEMENT TEC L (MARKOLINES) is ₹396Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of MARKOLINES?

The current price shown for MARKOLINES PAVEMENT TEC L (MARKOLINES) on Fincrux is ₹178 with a 52-week high/low of ₹192/131.

What is the P/E ratio of MARKOLINES PAVEMENT TEC L (MARKOLINES)?

The stock P/E for MARKOLINES PAVEMENT TEC L (MARKOLINES) is 14.7 on Fincrux, with ROE at 14.0% and ROCE at 15.8%.

What were MARKOLINES latest quarterly results?

For Jun 2026, MARKOLINES PAVEMENT TEC L (MARKOLINES) reported sales ₹61.60 Cr and net profit ₹4.36 Cr (figures in ₹ crore unless noted).

What are MARKOLINES annual sales and net profit?

For TTM, MARKOLINES PAVEMENT TEC L (MARKOLINES) shows sales of ₹312 Cr and net profit of ₹27 Cr on the Fincrux profit & loss statement.

Who owns MARKOLINES PAVEMENT TEC L (MARKOLINES)?

Latest shareholding for MARKOLINES PAVEMENT TEC L (MARKOLINES) on Fincrux: Promoters 54.60% (Sep 2026), FIIs 0.00% (Sep 2026), DIIs 0.03% (Sep 2026), Public 45.38% (Sep 2026), No. of Shareholders 6,653% (Sep 2026).

Where can I find MARKOLINES PAVEMENT TEC L (MARKOLINES) financials?

MARKOLINES PAVEMENT TEC L (MARKOLINES) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show MARKOLINES balance sheet and cash flow?

Yes. The MARKOLINES PAVEMENT TEC L (MARKOLINES) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 13:35