This small-cap company bags work order worth Rs 6.6 crore from Pune Municipal Corporation

Shares of the company have jumped more than 38 per cent in the last 6 months.

On February 15, 2023, Markolines Pavement Technologies Limited informed in the exchange filing that the company has received 3 work orders total worth Rs. 6,60,77,720 from Pune Municipal Corporation. The 1st order involves the Development of a road from Dalvinagar, Ambegaon Budruk to Bhumkar Chowk by using FDR and micro surfacing with fibre technology. The second order involves the development of Bibwewadi road from VIT College Chowk to Dolphin Chowk using Micro surfacing Fibre and FDR technology. The third order involves the development of a road from the Swargate chowk to the Cantonment boundary by Micro surfacing FDR technique with fibre.

Markolines Pavement Technologies Limited's business operations are broadly divided into three categories: 

Highway Operations - Under which the company provides services like toll operations. Route patrolling and incident management highway maintenance - Under this, the company provides services like routine maintenance, preventive maintenance and major maintenance and repairs.Specialized maintenance services - Under this it provides services which enhance the life and quality of the road, these are micro-surfacing, base stabilization and cold in-place recycling.

Today, the stock opened at Rs 154.35, with a high and low of Rs 154.35 and Rs 146.25. The stock closed trading at Rs 146.25, down by 3.56 per cent and has a 52-week high of Rs 207 and a 52-week low of Rs 59.35. It has a ROCE of 26.5 per cent and an ROE of 21.4 per cent. The company is part of group M with a market capitalization of Rs 279.45 crore.