Markolines Pavement Technologies Ltd - Stock Valuation and Financial Performance

BSE: 543364 | NSE: | Engineering - Construction | Small Cap

Markolines Pavement Technologies Ltd Share Price

154.80 4.95 3.30%
as on 23-Feb'24 16:59

DeciZen - make an informed investing decision on Markolines Pave Tech

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Markolines Pavement Technologies stock performance -

mw4me loader
P/E Ratio (SA):
18.72
Market Cap:
294.7 Cr.
52-wk low:
101
52-wk high:
168

Is Markolines Pavement Technologies Ltd an attractive stock to invest in?

1. Is Markolines Pavement Technologies Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Markolines Pavement Technologies Ltd is a average quality company.

2. Is Markolines Pavement Technologies Ltd undervalued or overvalued?

The key valuation ratios of Markolines Pavement Technologies Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Markolines Pavement Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Markolines Pavement Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Markolines Pave Tech:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Markolines Pavement Technologies Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.8%20.3%12.4%18.2%17.1%-
Value Creation
Index
-0.30.5-0.10.30.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 73.2171158187312312
Sales YoY Gr.-133.8%-7.8%18.3%67.1%-
Adj EPS 25.635.38.28.2
YoY Gr.-174.8%-45.2%75%54.9%-
BVPS (₹) 9.815.218.837.244.944.9
Adj Net
Profit
2.77.3410.115.716
Cash Flow from Ops. -6.76.81.1-19.620.1-
Debt/CF from Ops. -5.65.531.4-1.41.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA22.1%67.1%
Adj EPS NANA14.1%54.9%
BVPSNANA43.4%20.8%
Share Price - - - 10.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
20.744.417.921.120.118.4
Op. Profit
Mgn %
12.610.58.612.59NAN
Net Profit
Mgn %
3.64.32.65.45.15.1
Debt to
Equity
2.91.91.40.40.4-
Working Cap
Days
01502052171650
Cash Conv.
Cycle
0708074520

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.14%

Net Profit is growing at healthy rate in last 3 years 14.08%

Debt to equity has declined versus last 3 years average to 0.36

Return on Equity has declined versus last 3 years average to 18.30%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Markolines Pavement Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 8.2 -
TTM Sales (₹ Cr.) 312 -
BVPS (₹.) 44.9 -
Reserves (₹ Cr.) 67 -
P/BV 3.43 -
PE 18.72 -
From the Market
52 Week Low / High (₹) 101.00 / 168.00
All Time Low / High (₹) 50.00 / 207.00
Market Cap (₹ Cr.) 295
Equity (₹ Cr.) 19.1
Face Value (₹) 10
Industry PE 41.5

Management X-Ray of Markolines Pave Tech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.001.431.431.440.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Markolines Pave Tech

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Markolines Pavement Technologies Ltd Stock News

Markolines Pavement Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Markolines Pave Tech on 23-Feb-2024 16:59 is ₹154.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Feb-2024 16:59 the market cap of Markolines Pave Tech stood at ₹294.7.
The latest P/E ratio of Markolines Pave Tech as of 23-Feb-2024 16:59 is 18.72.
The latest P/B ratio of Markolines Pave Tech as of 23-Feb-2024 16:59 is 3.43.
The 52-week high of Markolines Pave Tech is ₹168.0 and the 52-week low is ₹101.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Markolines Pave Tech is ₹311.8 ( Cr.) .

About Markolines Pavement Technologies Ltd

Markolines Traffic Controls is a Highway Operations & Maintenance (O&M) Service providing company. It thrives to make Highway Operations & Maintenance cost effective and easier with the help of Innovation, Technology & out-of-the-box solutions. Its vast experience of 19 years in offering superior services in the Highway Operations & Maintenance (O&M) have earned it name in the (O&M) domain.

The company who was in the business of road marking envisaged this opportunity & ventured in this business activity Operation and maintenance of these infrastructure projects in 2009. As the same time because of its wear & tear nature of the highways, maintenance of the infrastructure developed also become mandatory. The periodic maintenance of these projects itself became one of the major activities for the various contractors. As the time passing and maintenance of these projects becoming due and the company envisage another opportunity and decided to go in for offering complete array of maintenance services. Over the last few years, it has not only achieved huge credibility based on performance in the market but is also one of the well-known O & M operators in the country and today are one of the trusted service providers in the Highway O&M sector operating pan India basis under the Markolines Umbrella.

Business area of the company

The company’s principal business operations are broadly divided into three categories:

  • Highway Operations under which the company provide services like Toll operations, Route Patrolling and Incident management.
  • Highway Maintenance under which it provide services like Routine Maintenance, Preventive Maintenance and Major Maintenance & Repairs (MMR).
  • Specialized Maintenance Services under which it provide services which enhance the life and quality of road, these are Microsurfacing (MS), Base / Sub base Stabilization (FDR) and Cold In Place Recycling (CIPR).

Major events and milestones

  • 2002: Company was Incorporated as “Mark-o-line Traffic Controls Private Limited”.
  • 2002: Started Thermoplastic Road Marking.
  • 2002: Introduced the Extrusion Technology for Road Marking in India.
  • 2009: Ventured into Highway Operation & Maintenance.
  • 2012: 10 Toll Plazas Under Management Within A Short Span of Three Years.
  • 2014: Ventured into Microsurfacing.
  • 2016: Started Major Maintenance & Repairs (MMR) Services for Highways.
  • 2016: Received A Single Work Order of 125 Kms for MMR - Worth 150% of Earlier Year’s Turnover.
  • 2017: 300% Growth in Order Book Over Last Year in Highway.
  • 2017: Introduced Microsurfacing with Fiber in India.
  • 2018: Ventured into Cold-In-Place Recycling (CIPR).
  • 2018: Executed First Airport Maintenance Project in India.
  • 2020: Executed India's Largest BSM/CIPR of 142.918 Lane Kms /8.87 Lac Sqm.
  • 2020: Completed 9 Lakh SQM Out of 13 Lakh SQM of Microsurfacing with Fiber.
  • 2021: Conversion into Public Limited as “Markolines Traffic Controls Limited”.
  • 2021: Applied for Change in Name of the Company from “Markolines Traffic Controls Limited” to “Markolines Pavement Technologies Limited” and we are yet to receive approval from the Registrar of Companies.
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