This small-cap construction company received a work order worth Rs 14.8 crore!
Shares of the company have jumped more than 38 per cent in the last 6 months.
On February 14, 2023, Markolines Pavement Technologies Limited informed in the exchange filing that it has received a work order worth Rs 14.80 crore. The work order is received from Uchit Expressway Private Limited for providing services for specialized flexible pavement repair work by milling and relaying of bituminous concrete at the highway from Chittorgarh to Udaipur in the state of Rajasthan. The company also stated that the work order does not fall into related party transactions.
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 that 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 144, with a high and low of Rs 145 and Rs 144. The stock is closed trading at Rs 151, up by 4.40 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 277.06 crore.