Construction Company Bags Orders Worth Rs 53,60,08,909 From Vadodara Kim Expressway& BrihanMumbai Municipal Corporation
The shares of the company have an ROE of 21 per cent and an ROCE of 27 per cent.
Markolines Pavement Technologies Limited has announced securing significant new orders totalling Rs 53,60,08,909. The larger portion of this sum, Rs 50,80,26,784, comes from the BrihanMumbai Municipal Corporation (BMC). These orders pertain to the improvement of the Eastern Express Highway (EEH) and Western Express Highway (WEH) through micro-surfacing as pilot projects. The company received official Letters of Acceptance-cum-Work Orders on February 13th and 14th, 2025, respectively, confirming their selection for these vital infrastructure projects.
Additionally, Markolines has obtained a Work Order valued at Rs 2,79,82,125 (excluding GST) from Vadodara Kim Expressway Pvt. Ltd. This order is specifically for rain cut repair work at their project site, further diversifying Markolines' project portfolio. These new contracts underscore the company's growing presence in the infrastructure development sector and its ability to secure substantial projects from both municipal and private entities.
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Markolines Pavement Technologies Ltd (MPTL), a company established in 2002, specializes in providing comprehensive highway operations and maintenance services. With a focus on road marking, MPTL has successfully managed over 20,000 lane kilometres of National Highways in India. The company offers a wide range of services, including preventive maintenance, major maintenance and repairs, specialized maintenance techniques like micro surfacing and cold in-place recycling, and specialized construction projects such as soil stabilization and tunnelling. MPTL has a strong client base, collaborating with prominent companies like Cube Highways, MMRDA, Larson & Toubro, Safeway Concessions, Ashoka, Actis, Highway Concessions, Tata Realty, Gammon, EIL and more.
The company has a market cap of over Rs 260 crore and has delivered good profit growth of 46 per cent CAGR over the last 5 years. The shares of the company have an ROE of 21 per cent and an ROCE of 27 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.