Price
Financials
Standalone, Rs crore| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 50.36 | 55.50 | 80.06 | 114.57 | 72.72 | 77.67 | 80.46 | 92.73 | 61.60 |
| Expenses | 45.55 | 49.43 | 72.52 | 95.28 | 65.72 | 70.40 | 70.43 | 76.40 | 54.93 |
| Operating Profit | 4.81 | 6.07 | 7.54 | 19.29 | 7.00 | 7.27 | 10.03 | 16.33 | 6.67 |
| OPM % | 9.55% | 10.94% | 9.42% | 16.84% | 9.63% | 9.36% | 12.47% | 17.61% | 10.83% |
| Other Income | 0.64 | 1.08 | 2.61 | 2.45 | 1.44 | 1.82 | 1.80 | 2.68 | 2.51 |
| Interest | 1.46 | 1.98 | 0.86 | 2.83 | 1.48 | 1.46 | 1.31 | 2.15 | 1.93 |
| Depreciation | 1.68 | 1.98 | 1.88 | 1.96 | 1.65 | 1.72 | 1.88 | 1.78 | 1.67 |
| Profit before tax | 2.31 | 3.19 | 7.41 | 16.95 | 5.31 | 5.91 | 8.64 | 15.08 | 5.58 |
| Tax % | 25.11% | 24.45% | 15.25% | 27.49% | 28.63% | 32.49% | 18.06% | 24.67% | 21.68% |
| Net Profit | 1.73 | 2.41 | 6.29 | 12.29 | 3.79 | 3.99 | 7.09 | 11.36 | 4.36 |
| EPS in Rs | 0.78 | 1.10 | 2.86 | 5.59 | 1.72 | 1.81 | 3.22 | 5.12 | 1.96 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 73 | 171 | 158 | 187 | 312 | 347 | 300 | 324 | 312 |
| Expenses | 64 | 153 | 144 | 163 | 284 | 316 | 261 | 283 | 272 |
| Operating Profit | 9 | 18 | 14 | 23 | 28 | 32 | 39 | 41 | 40 |
| OPM % | 13% | 11% | 9% | 13% | 9% | 9% | 13% | 13% | 13% |
| Other Income | 0 | 0 | -0 | 0 | 0 | 4 | 6 | 8 | 9 |
| Interest | 3 | 5 | 5 | 6 | 3 | 5 | 8 | 6 | 7 |
| Depreciation | 2 | 3 | 2 | 3 | 2 | 5 | 8 | 7 | 7 |
| Profit before tax | 4 | 10 | 6 | 15 | 22 | 25 | 30 | 35 | 35 |
| Tax % | 31% | 31% | 38% | 31% | 30% | 32% | 24% | 25% | |
| Net Profit | 3 | 7 | 4 | 10 | 16 | 17 | 23 | 26 | 27 |
| EPS in Rs | 252.00 | 719.00 | 40.20 | 4.57 | 7.13 | 7.83 | 10.33 | 11.81 | 12.11 |
| Dividend Payout % | 0% | 0% | 0% | 9% | 8% | 11% | 15% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 15% | 1% | -3% | ||
| Compounded Profit Growth | % | 44% | 19% | 9% | ||
| Stock Price CAGR | % | 19% | 5% | 2% | ||
| Return on Equity | % | 17% | 16% | 14% |
| 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 |
| 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/OP | -73% | 40% | 8% | -84% | 73% | 8% | -14% | 50% |
| 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% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 72.20% | 72.20% | 71.32% | 71.32% | 71.32% | 61.21% | 58.14% | 56.91% | 55.00% | 55.00% | 55.00% | 55.00% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.21% | 0.18% | 0.18% | 0.18% | 0.18% | 0.18% | 0.18% | 0.59% |
| DIIs | 1.82% | 1.82% | 1.82% | 1.82% | 0.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 0.11% | 0.10% |
| Public | 25.98% | 25.98% | 26.86% | 26.86% | 27.80% | 38.60% | 41.67% | 42.90% | 44.81% | 44.70% | 44.70% | 44.31% |
| No. of Shareholders | 1,749 | 2,012 | 1,880 | 1,974 | 2,123 | 2,241 | 2,182 | 2,726 | 6,747 | 6,609 | 6,911 | 7,743 |
Fundamentals
Market Cap₹ 373 Cr.
Current Price₹ 168
Stock P/E13.8
Book Value₹ 91.2
ROCE15.8 %
ROE14.0 %
Dividend Yield0.89 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-3%
Compounded Profit Growth (TTM)9%
Standalone figures.
Valuation
Market capRs 320 Cr
Enterprise valueRs 362 Cr
P/E (TTM)12.18x
Price to book3.14x
Price to sales0.99x
EV / EBITDA7.49x
EV / EBIT8.76x
EV / sales1.12x
Price to cash flow130.98x
Earnings yield8.21%
Dividend yield0.60%
P/E, 3-year average13.74x
P/B, 3-year average2.27x
P/E, 5-year average13.74x
P/B, 5-year average2.27x
Profitability
Operating margin (excl. other income)9.15%
Operating margin (incl. other income)10.22%
EBITDA margin14.95%
Pre-tax margin10.80%
Net profit margin8.11%
Net margin, latest quarter12.25%
ROE18.44%
ROCE22.02%
ROA8.08%
ROE, 3-year average19.87%
ROCE, 3-year average24.08%
ROA, 3-year average8.71%
ROE, 5-year average24.23%
ROCE, 5-year average24.03%
ROA, 5-year average7.79%
ROIC (approx.)19.51%
Tax rate31.88%
Other income / net worth3.65%
Growth
Sales growth (latest year)11.38%
Profit growth (latest year)9.84%
Sales CAGR, 3 years30.11%
Sales CAGR, 5 years36.60%
Profit CAGR, 3 years62.66%
Profit CAGR, 5 years47.00%
Sales growth QoQ15.25%
Profit growth QoQ60.23%
Sales growth YoY (latest quarter)-19.06%
Profit growth YoY (latest quarter)-7.57%
Per share
EPS (TTM)Rs 13.73
EPS (latest year)Rs 9.05
EPS (latest quarter)Rs 5.95
EPS, 3-year averageRs 7.53
EPS, 5-year averageRs 178.30
Book value per shareRs 53.27
Sales per shareRs 169.35
Cash flow per shareRs 1.28
Free cash flow per shareRs 3.14
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 0.73
Dividend per share, 5-year averageRs 0.73
Dividends
Dividend payout11.04%
Dividend payout, 3-year average9.68%
Dividend payout, 5-year average9.68%
Efficiency
Asset turnover1.45x
Fixed asset turnover11.89x
Inventory turnover11.85x
Inventory days31 days
Debtor days127 days
Debtors turnover2.87x
Creditor days129 days
Cash conversion cycle62 days
Working capital days86 days
Leverage
Total debtRs 59 Cr
Cash and bankRs 16 Cr
Net debtRs 43 Cr
Debt to equity0.58x
Net debt / EBITDA0.88x
Interest coverage6.46x
Owners' fund to total sources42.37%
Debt to assets24.45%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -23 Cr
Cash from Financing Activity (latest year)Rs 21 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 6 Cr
FCFE (approx.: FCF + change in debt)Rs 34 Cr
Cash from ops / profit, 5 years0.00x
Sales to cash flow142.33x
Statement figures
Net sales (TTM)Rs 324 Cr
Net sales (latest year)Rs 347 Cr
Sales (latest quarter)Rs 93 Cr
Operating profit excl. other income (latest year)Rs 32 Cr
Operating profit (latest quarter)Rs 16 Cr
Other income (TTM)Rs 8 Cr
EBITDA (TTM)Rs 48 Cr
PBDT (TTM)Rs 42 Cr
Profit before tax (TTM)Rs 35 Cr
Tax (latest year)Rs 8 Cr
Net profit (TTM)Rs 26 Cr
Net profit (latest year)Rs 17 Cr
Net profit (latest quarter)Rs 11 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 270 Cr
Total expenditure (latest year)Rs 316 Cr
Total income (latest year)Rs 351 Cr
Share capitalRs 19 Cr
ReservesRs 83 Cr
Shareholders' fundsRs 102 Cr
Total assetsRs 240 Cr
Net blockRs 29 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 10 Cr
ReceivablesRs 121 Cr
InventoryRs 23 Cr
Other liabilitiesRs 80 Cr
Shares outstanding (crore)1.91
Ownership
Promoter holding55.00% (-1.91 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 12.2 is at the 10th percentile of its own 5.1-year range
(median 37.2, low 10.3, high 92.2).
P/B 3.14 is at the 3th percentile (median 9.23).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | MARKOLINES | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.1% | -2.8% | +2.7 pts |
| 1 month | -3.9% | -6.8% | +2.9 pts |
| 3 months | -10.9% | -7.6% | -3.2 pts |
| 6 months | +17.8% | +0.4% | +17.4 pts |
| 3 years | +14.2% | +14.2% | -0.0 pts |
| 5 years | +147.1% | +27.9% | +119.2 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was 7% of net profit over the last 3 years |
| explain | Receivables outrunning sales Receivables grew 59% vs sales +11% in 2026 |
| explain | Share dilution Share count up 0% in a year, 2110% in three |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹62 Cr -15.3% vs Jun 2025.
Net profit ₹4 Cr +15.0%.
Against our estimate for Jun 2026: sales -6.6%, profit -5.7% in line. Our estimate for Sep 2026: sales Rs 64 Cr, profit Rs 5 Cr (how).
Activity
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| NCC Ltd | 8,053 | 11.2 | 16.8 % |
| Date | Client | Side | Qty | Price |
|---|---|---|---|---|
| 2026-09-30 | Hi-Klass Trading And Investment Limited | SELL | 116,868 | 169.75 |
| 2026-09-30 | Hi-Klass Trading And Investment Limited | BUY | 130,004 | 168.88 |
| 2026-09-30 | Goldendunes Builders And Developers Private Limited | BUY | 183,001 | 169.33 |
| 2026-09-30 | Basan Equity Broking Limited | SELL | 114,000 | 169.01 |
No corporate actions on record.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Markolines Pavement Technologies Ltd?
Markolines Pavement Technologies Ltd (MARKOLINES) has a market capitalisation of Rs 373 Cr. at the 2026-10-01 close.
What is the P/E ratio of Markolines Pavement Technologies Ltd?
Markolines Pavement Technologies Ltd trades at a P/E of 13.8 on trailing twelve-month profit, at the 2026-10-01 close.
What were Markolines Pavement Technologies Ltd's latest quarterly results?
In the Jun 2026 quarter, Markolines Pavement Technologies Ltd sales was Rs 62 Cr (-15.3% vs Jun 2025) and net profit was Rs 4 Cr.
What is the 52-week high and low of Markolines Pavement Technologies Ltd?
The 52-week high is Rs 191.75 and the 52-week low is Rs 131.65.