BSE: 543364 | NSE: | Engineering - Construction | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Markolines Pavement Technologies Ltd is a average quality company.
The key valuation ratios of Markolines Pavement Technologies Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Markolines Pavement Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.6% | 28.9% | 19% | 26.3% | 24% | 22% | - |
| Value Creation Index ⓘ | 0.0 | 1.1 | 0.4 | 0.9 | 0.7 | 0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 73.2 | 171 | 158 | 187 | 312 | 347 | 347 |
| Sales YoY Gr. | - | 133.8% | -7.8% | 18.3% | 67.1% | 11.4% | - |
| Adj EPS ⓘ | 2 | 5.6 | 3 | 5.3 | 8.2 | 9 | 7.9 |
| YoY Gr. | - | 174.8% | -45.2% | 75% | 54.9% | 9.7% | - |
| BVPS (₹) ⓘ | 9.8 | 15.2 | 18.8 | 37.2 | 44.9 | 53.3 | 68 |
| Adj Net Profit ⓘ | 2.7 | 7.3 | 4 | 10.1 | 15.7 | 17.3 | 17 |
| Cash Flow from Ops. ⓘ | -6.7 | 6.8 | 1.1 | -19.6 | 20.1 | -9 | - |
| Debt/CF from Ops. ⓘ | -5.6 | 5.5 | 31.4 | -1.4 | 1.5 | -6.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 36.5% | 30.1% | 11.4% | ||||
| Adj EPS ⓘ | NA | 35% | 43.8% | 9.7% | ||||
| BVPSⓘ | NA | 40.4% | 41.5% | 18.6% | ||||
| Share Price | - | - | 36.4% | 19.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 20.7 | 44.4 | 17.9 | 21.1 | 20.1 | 18.4 | 13 |
| Op. Profit Mgn % ⓘ | 12.6 | 10.5 | 8.6 | 12.5 | 8.9 | 9.2 | NAN |
| Net Profit Mgn % ⓘ | 3.6 | 4.3 | 2.6 | 5.4 | 5.1 | 5 | 5 |
| Debt to Equity ⓘ | 2.9 | 1.9 | 1.4 | 0.4 | 0.4 | 0.6 | - |
| Working Cap Days ⓘ | 0 | 150 | 205 | 217 | 165 | 200 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 70 | 80 | 74 | 52 | 63 | 0 |
Sales growth is growing at healthy rate in last 3 years 30.10%
Net Profit is growing at healthy rate in last 3 years 43.80%
Return on Equity has declined versus last 3 years average to 13.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.9 | 7.9 |
| TTM Sales (₹ Cr.) | 347 | 347 |
| BVPS (₹.) ⓘ | 68 | 68 |
| Reserves (₹ Cr.) ⓘ | 128 | 128 |
| P/BV ⓘ | 2.61 | 2.61 |
| PE ⓘ | 22.60 | 22.60 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 124.00 / 277.90 |
| All Time Low / High (₹) | 50.00 / 277.90 |
| Market Cap (₹ Cr.) | 391 |
| Equity (₹ Cr.) | 22 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 35.9 |
| Pledged * | 1.43 | 1.43 | 1.44 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 73 | 171 | 158 | 187 | 312 | 347 |
| Operating Expenses ⓘ | 64 | 153 | 144 | 163 | 284 | 316 |
| Manufacturing Costs | 21 | 50 | 34 | 23 | 93 | 118 |
| Material Costs | 27 | 66 | 55 | 35 | 32 | 110 |
| Employee Cost | 7 | 24 | 31 | 39 | 42 | 22 |
| Other Costs ⓘ | 9 | 13 | 24 | 67 | 118 | 66 |
| Operating Profit ⓘ | 9 | 18 | 14 | 23 | 28 | 32 |
| Operating Profit Margin (%) | 12.3% | 10.5% | 8.6% | 12.5% | 8.9% | 9.1% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 1 | 4 |
| Interest ⓘ | 3 | 5 | 5 | 6 | 3 | 5 |
| Depreciation ⓘ | 2 | 3 | 2 | 3 | 2 | 5 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 10 | 6 | 15 | 22 | 25 |
| Tax ⓘ | 1 | 3 | 2 | 5 | 7 | 8 |
| Profit After Tax | 3 | 7 | 4 | 10 | 16 | 17 |
| PAT Margin (%) | 3.4% | 4.2% | 2.5% | 5.4% | 5.0% | 5.0% |
| Adjusted EPS (₹) | 1.9 | 5.5 | 3.0 | 5.3 | 8.2 | 9.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 9% | 8% | 11% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 13 | 20 | 25 | 71 | 86 | 102 | ||||
| Share Capital ⓘ | 1 | 1 | 1 | 19 | 19 | 19 | ||||
| Reserves ⓘ | 12 | 19 | 24 | 52 | 67 | 83 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 33 | 31 | 28 | 22 | 24 | 51 | ||||
| Long Term Debt | 20 | 19 | 16 | 14 | 15 | 20 | ||||
| Short Term Debt | 13 | 12 | 11 | 9 | 9 | 31 | ||||
| Trade Payables | 14 | 16 | 22 | 10 | 35 | 57 | ||||
| Others Liabilities ⓘ | 14 | 22 | 33 | 31 | 42 | 54 | ||||
| Total Liabilities ⓘ | 73 | 90 | 108 | 135 | 187 | 264 | ||||
Fixed Assets | ||||||||||
| Gross Block | 17 | 18 | 20 | 21 | 34 | 48 | ||||
| Accumulated Depreciation | 5 | 8 | 10 | 12 | 14 | 19 | ||||
| Net Fixed Assetsⓘ | 12 | 10 | 10 | 9 | 21 | 29 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | ||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 8 | 10 | ||||
| Inventories | 7 | 17 | 19 | 14 | 24 | 23 | ||||
| Trade Receivables | 38 | 38 | 44 | 58 | 76 | 121 | ||||
| Cash Equivalents | 0 | 0 | 0 | 2 | 0 | 0 | ||||
| Others Assetsⓘ | 15 | 25 | 34 | 52 | 58 | 79 | ||||
| Total Assets ⓘ | 73 | 90 | 108 | 135 | 187 | 264 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -7 | 7 | 1 | -20 | 20 | -9 |
| PBT ⓘ | 4 | 10 | 6 | 15 | 22 | 25 |
| Adjustment ⓘ | 6 | 8 | 7 | 8 | 5 | 5 |
| Changes in Working Capital ⓘ | -16 | -11 | -12 | -42 | -7 | -39 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -7 | 0 | -2 | -2 | -22 | -12 |
| Capex | -7 | -1 | -2 | -2 | -14 | -14 |
| Net Investments | 0 | 0 | 0 | 0 | -8 | -2 |
| Others ⓘ | 0 | 0 | 0 | 0 | 1 | 4 |
| Cash Flow From Financing Activityⓘ | 13 | -7 | 0 | 22 | 1 | 21 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 13 | 0 | -3 | -3 | 1 | 6 |
| Interest Paid ⓘ | -3 | -5 | -4 | -5 | -3 | -5 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -1 |
| Others ⓘ | 4 | -1 | 8 | 31 | 3 | 21 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 1 | -1 | 0 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 19.51 | 43.6 | 17.89 | 21.09 | 20.08 | 18.45 | ||||
| ROCE (%) | 13.6 | 28.94 | 18.99 | 26.25 | 23.97 | 22.02 | ||||
| Asset Turnover Ratio | 1 | 2.1 | 1.6 | 1.54 | 1.94 | 1.54 | ||||
| PAT to CFO Conversion(x) | -2.33 | 1 | 0.25 | -2 | 1.25 | -0.53 | Working Capital Days | |||
| Receivable Days | 190 | 81 | 96 | 101 | 79 | 104 | ||||
| Inventory Days | 37 | 26 | 42 | 32 | 22 | 24 | ||||
| Payable Days | 190 | 84 | 127 | 173 | 264 | 153 | ||||
Markolines Traffic Controls is a Highway Operations & Maintenance (O&M) Service providing company. It thrives to make Highway Operations & Maintenance cost effective and easier with the help of Innovation, Technology & out-of-the-box solutions. Its vast experience of 19 years in offering superior services in the Highway Operations & Maintenance (O&M) have earned it name in the (O&M) domain.
The company who was in the business of road marking envisaged this opportunity & ventured in this business activity Operation and maintenance of these infrastructure projects in 2009. As the same time because of its wear & tear nature of the highways, maintenance of the infrastructure developed also become mandatory. The periodic maintenance of these projects itself became one of the major activities for the various contractors. As the time passing and maintenance of these projects becoming due and the company envisage another opportunity and decided to go in for offering complete array of maintenance services. Over the last few years, it has not only achieved huge credibility based on performance in the market but is also one of the well-known O & M operators in the country and today are one of the trusted service providers in the Highway O&M sector operating pan India basis under the Markolines Umbrella.
Business area of the company
The company’s principal business operations are broadly divided into three categories:
Major events and milestones
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