High ROE & High ROCE Stock In Focus As Construction Company Bags Orders Worth Rs 50,80,26,784 From Brihanmumbai Municipal Corporation
The company has a market cap of over Rs 370 crore and has delivered good profit growth of 46 per cent CAGR over the last 5 years.
Markolines Pavement Technologies Limited has secured a significant contract from the BrihanMumbai Municipal Corporation (BMC) to undertake road improvement projects in Mumbai. The company has been awarded the work of improving the Eastern Express Highway and Western Express Highway using micro surfacing technology. The BMC has selected Markolines based on its competitive bid, which offered a cumulative estimated cost of Rs 50,80,26,784 for both projects. The company will be initiating work on these pilot projects immediately, pending the receipt of formal work orders. All work orders and contracts are being received from domestic entities. This contract win is a significant milestone for Markolines Pavement Technologies Limited, demonstrating their expertise and competitiveness in the road construction and maintenance sector.
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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 370 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. The stock is up by 58.6 per cent from its 52-week low of Rs 124 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.