Highway to Growth: Markolines Wins Major ₹24.75 Crore Project

Large New Contract: Markolines Pavement Technologies Ltd (MPTL), a high way operating and maintenance major, has been awarded an important order worth ₹24.75 crore (₹247.5 million). The contract was given by Beawar Pali Pindwara Tollway Pvt Ltd for pavement rectification work, including service roads and main carriageways on several sections.

 

Scope of Work: The work encompasses full-pavement rectification, the bread and butter of MPTL's business, which has taken care of more than 20,000 lane kilometres of national highways in India. MPTL will utilize best-in-class maintenance practices to improve the quality and safety of roads on the strategic sections of the tollway.

 

Strong Industry Track Record: Markolines, which was established in 2002, has gained a strong reputation for providing preventive and specialty maintenance, major repairs, micro surfacing, cold in-place recycling, and soil stabilization. Its clientele includes the likes of industry giants Cube Highways, L&T, Tata Realty, and Ashoka.

 

Financials: MPTL has recorded stellar financials, with a 46% five-year CAGR growth in profit, a market cap of over ₹300 crore, and high return ratios (21% ROE, 27% ROCE). Shares of the company have rallied 36% from its 52-week low, indicating increased investor confidence.

 

Growth Outlook: This new order complements MPTL's already robust order book and reflects sustained momentum in India's infrastructure space, setting the company up for greater growth and value creation.

 

Source: Capital Market, DSIJ, EquityBulls, Marketscreener