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Markolines Pavement Technologies share price & results

Markolines Pavement Technologies Limited· Construction· Industrials

Results to
Jun 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

India's only listed highway operations & maintenance (O&M) company, offering pavement preservation services — micro-surfacing, cold-in-place recycling, FDR/soil stabilization, MMR, rigid-pavement repair and tunnelling.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue61.6 ₹ crore−15.3% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin10.8 %+1.2 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit4.4 ₹ crore+15.0% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity14.21 %−2.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin0.19 %+8.6 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)6.62 %+24.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

1 of 5 judged targets kept · 10 open · verdicts reflect calls analysed to Q4 FY26.

Markolines Pavement Technologies Limited management guidance track record on Inve: 15 targets tracked across analysed earnings calls (1 achieved, 4 missed, 10 open).

TargetOriginal wordingSaidLatest callVerdict
Business Mix (Specialized:Maintenance)50% : 50%... in a year's time
Call transcript, Q4 FY25 · 20 May 2025		Q4 FY25Q4 FY26:Management confirmed the target was met within the one-year timeframe: 'approximately we will have in about 50-50 or 45-45 breakup in terms of maintenance versus construction orders.'
Call transcript, Q4 FY26 · 29 May 2026		Achieved
FY26 Revenue Growth25%-30% growth in terms of revenue.
Call transcript, Q1 FY26 · 26 Aug 2025		Q1 FY26Q4 FY26:Actual FY26 revenue was ₹348.49 Cr, representing 13.5% growth, significantly below the guided range of 25-30%.
Call transcript, Q4 FY26 · 29 May 2026		Missed
FY27 Revenue Growth40% to 50% growth in the upcoming financial year
Call transcript, Q3 FY26 · 11 Mar 2026		Q3 FY26Q4 FY26:Guidance for FY27 was revised down from '40-50%' to 'at least 30%' before the fiscal year began.
Call transcript, Q4 FY26 · 29 May 2026		Revised Down

Source: Inve Guidance Tracker for Markolines Pavement Technologies Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of Markolines Pavement Technologies Limited's 15 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 12 more targets are in the full ledger.

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Price

₹175.69 −0.10% · −₹0.17

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +1.1% 1Y

₹140₹160₹180Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 18 Nov 2025Q3 FY26 — 11 Mar 2026Q4 FY26 — 29 May 2026

1Y: ₹173.81 on 24 Oct 2025 → ₹175.69. High ₹188.47 (2 Jul 2026), low ₹133.68 (27 Jan 2026).

Previous close
₹175.86
Market cap
₹391 Cr
52-week range
₹133.68 – ₹188.47
One year
+2.73%
Price to earnings (TTM to Jun 2026)
14.52×
Return on equity (TTM to Jun 2026)
14.21%

Overview

Symbol
NSE:MARKOLINES
Industry
Industrials
Exchange
NSE
Currency
INR

What Markolines Pavement Technologies Limited does

Based on the company's own presentations, annual report and earnings calls.

Markolines Pavement Technologies designs, executes and maintains highway pavement assets for national highway authorities, InvITs, sovereign funds and private concessionaires across India. It began in 2002 as a thermoplastic road-marking company and has since grown into a multi-service highway O&M provider offering preventive maintenance, Major Maintenance & Repairs (MMR), rigid-pavement (PQC) repair, micro-surfacing, and Cold In-Place Recycling (CIPR)/Full Depth Reclamation (FDR) soil stabilization. It has also diversified into specialised construction activity, including tunnelling for roads, railways and pipelines. The company runs a dedicated Technology Centre for Pavement Preservation and services clients such as NHAI, MMRDA, BMC and various InvITs/asset owners.

Segments

  • Highway Maintenance
  • Specialized Maintenance
  • Specialized Construction Services
National highway managed (O&M experience)
20,000+ lane kms
Highest CIPR (Cold In-Place Recycling) experience in India
197.52 lane kms
Micro-surfacing work executed
113.70 lakh sqm
MMR (Major Maintenance & Repairs) work executed
4,870 lane kms
FDR / Soil Stabilization work executed
1.37 lakh cum
Tunnel work under progress
2.28 kms length
Founded 2002Headquarters Navi Mumbai, Maharashtra, IndiaEmployees 310 (FY25) Company website

How the price took the results

close before → close after

Q4 FY26
−1.7%
29 May
Q3 FY26
+0.7%
11 Mar
Q2 FY26
−3.3%
18 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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