Markolines Bags Major Highway Contract Worth ₹18.87 Cr, Strengthens ₹400 Cr+ Order Book

Markolines bags ₹18.87 Cr NH-2 Tollway order; order book surpasses ₹400 Cr. Stock rises 61% YoY. Strong fundamentals, ROE 16%, ROCE 18%.


Introduction of Markolines Pavement Technologies

  • Quick summary of the recent order from Varanasi Aurangabad NH-2 Tollway Pvt Ltd
  • Mention total order book crossing Rs 400 crore
  • Highlight company’s performance, stock growth, and future outlook

About Markolines Pavement Technologies

Markolines Pavement Technologies Limited
Markolines Pavement Technologies Limited
  • Company background and industry leadership since 2002
  • Work completed: 4,870 lane kilometers
  • Overview of services: highway maintenance, rehabilitation, overlay, BC, and O&M
  • Recent migration to BSE Mainboard (June 12, 2025)

The Rs 18.87 Crore NH-2 Tollway Contract

  • Details of the Letter of Award (LoA) from VATPL
  • Scope: periodic maintenance, rehabilitation, BC overlay from Km 786 to Km 843 in Uttar Pradesh
  • Timeline: 3 months, excluding monsoon
  • Importance of repeat business from clients

Recent Orders in Gujarat – Vadodara Kim Expressway

  • Two contracts worth Rs 16.76 crore for restoration work
  • Consolidates Markolines’ position in Gujarat
  • Enhances portfolio of O&M contracts across Indian highways

Strong Financial Fundamentals

  • Market cap: Rs 360+ crore
  • Unexecuted order book: Rs 400+ crore as of April 30, 2025
  • Pipeline: Rs 500 crore in finalisation stages
  • Financial ratios:
    • ROE: 16%
    • ROCE: 18%

Stock Performance and Market Sentiment

  • Share price up 61.7% from 52-week low of Rs 107
  • Factors contributing to the rise:
    • Order wins
    • Sector optimism
    • Merger news
  • Investor interest in high-growth infrastructure stocks

Merger with Markolines Infra Limited

  • Announcement of the merger, subject to regulatory approvals
  • Strategic aim: establish India’s largest O&M highway firm
  • Synergies from integration: better resource utilization, cross-functional expertise, operational scale

Sector Outlook and Growth Drivers

  • Indian government’s infrastructure push under Bharatmala & Gati Shakti
  • Public-private partnerships (PPPs) in highway maintenance
  • Strong demand for periodic and performance-based maintenance contracts

Conclusion and Investor Takeaway

  • Markolines is well-positioned for growth with strong order visibility and operational expertise
  • Robust financial health, strategic contracts, and merger potential make it an attractive bet
  • Suitable for long-term investors looking at infrastructure-focused small-cap stocks

Recent Contract Award Details

Markolines Pavement Technologies Limited
Markolines Pavement Technologies Limited
ParticularsDetails
Project NameVaranasi Aurangabad NH-2 Tollway Maintenance
ClientAurangabad NH-2 Tollway Pvt Ltd (VATPL)
LoA Value₹18.87 crore (inclusive of GST)
Scope of WorkPeriodic maintenance, rehabilitation, and overlay (BC) of service road
LocationKm 786 to Km 843, NH-2, Uttar Pradesh
Timeline3 months (excluding monsoon period)
PurposeStrengthening service road infrastructure

Markolines Current & Pipeline Order Book (as of April 30, 2025)

CategoryValue (in ₹ Crore)
Unexecuted Order Book₹400+
Pipeline Orders (in process)₹500
Recent Orders (incl. NH-2)₹18.87 (U.P.) + ₹16.76 (Gujarat) = ₹35.63

Key Financial Indicators – Markolines Pavement Technologies

MetricValue
Market Capitalization₹360+ crore
Return on Equity (ROE)16%
Return on Capital Employed (ROCE)18%
52-Week Low Share Price₹107
Current Stock GrowthUp 61.7% from 52-week low
ListingMigrated to BSE Mainboard (June 12, 2025

Strategic Updates & Milestones

MilestoneDescription
BSE Mainboard ListingMigrated on June 12, 2025
Merger AnnouncementWith Markolines Infra Limited, pending approvals
Post-Merger ImpactExpected to become India’s largest O&M highway company
Lane Kilometers Completed4,870 lane km across India
Technological EdgeModern pavement maintenance techniques and integrated O&M solutions

Read More: https://www.dsij.in/dsijarticledetail/rs-400-crore-order-book-road-construction-company-bags-order-worth-rs-188764716-from-varanasi-aurangabad-nh-2-tollway-pvt-ltd-id001-50024

Leave a Comment