Markolines Pavement Technologies Limited – Company Report
1. Company Overview
Markolines Pavement Technologies Limited, formerly known as Markolines Traffic Controls Limited, is a prominent Indian infrastructure company specializing in highway operations and maintenance. Founded in 2002 by Mr. Sanjay Patil, the company has grown from a single-product operation (thermoplastic road marking) to a multi-service provider for the road infrastructure sector.
Headquartered in Navi Mumbai, the company is driven by a mission to deliver efficient, sustainable, and safe solutions using cutting-edge technologies. It has established a Technology Centre for Pavement Preservation, enabling continuous innovation and technical support across projects nationwide.
- Founded: 2002
- Leadership: Mr. Sanjay Patil (Founder, Chairman & Managing Director), Mr. Vijay Oswal (Founder & CFO), Mr. Anil Nikam (CEO)
- Corporate Office: 6th Floor, Wing-A, Shree Nand Dham, Sector-11, CBD Belapur, Navi Mumbai – 400614
- Stock Listing: BSE (MARKOLINES | 543364)
- Order Book (Mar 31, 2025): ₹357 crore
2. Products and Services
Markolines provides a broad suite of services in road infrastructure, with a focus on maintenance, preservation, and specialized construction. It is recognized as an industry innovator, particularly in Micro-Surfacing and Pavement Recycling technologies.
Core Offerings
Highway Maintenance:
- Major Maintenance (Bituminous): Pavement milling, overlays, Hot In-Plant and Cold In-Place Recycling
- Rigid Pavement Maintenance: Maintenance of concrete roads and distressed structures
- Preventive Maintenance: Crack sealing, fog sealing, slurry sealing, rut filling
Specialized Maintenance Services:
- Micro-Surfacing: Pioneer in India with Suspended Fiber Technology (via partnership with Bergkamp Inc., USA)
- CIPR/CCPR (Cold Recycling): Environmentally friendly road surface recycling
Specialized Construction Services:
- Full Depth Reclamation (FDR): Stabilized base course creation
- Base/Subbase Stabilization: Soil strengthening using lime/cement
- Tunneling: Construction of tunnels for roads, railways, and pipelines
Notable Projects:
- Ahmedabad Airport runway maintenance
- India’s largest BSM/CIPR highway recycling project
3. Recent News and Strategic Highlights
BMC Highway Contract (October 2024): Awarded ₹50.8 crore contract by BrihanMumbai Municipal Corporation for micro-surfacing works on Eastern & Western Express Highways (EEH & WEH).
Highway Maintenance Contract on NH-2 Stretch in Uttar Pradesh (May 2025):
- Markolines Pavement Technologies Ltd has announced the receipt of a substantial work order worth ₹24.75 crore (inclusive of GST) from Varanasi Aurangabad NH-2 Tollway Pvt. Ltd.
- The work is expected to be finished by June 30, 2025.
Vadodara Kim Expressway Pvt. Ltd. (June 2025):
- ₹16.8 crore in new restoration work orders
- Additional ₹2.79 crore for rain-cut repair work
Uttar Pradesh Highway Maintenance (June 2025):
- Secured ₹18.88 crore order from Varanasi Aurangabad NH-2 Tollway Pvt. Ltd.
- Project to be completed within 3 months
Orders from NCC and other clients (July 2025):
- Markolines Pavement Technologies secured significant work orders worth Rs 30.38 crore.
- Major contracts include preventive road maintenance in Pune for Pune Municipal Corporation, rectification works in Telangana for Athaang Dichpally Tollway Pvt. Ltd., and piling work for a wastewater treatment project in Malad for NCC Limited.
Patch repair work within Andhra Pradesh (August 2025):
- Markolines Pavement Technologies Limited has been granted Letter of Acceptance from Trans Metalite India Limited estimated at Rs.100 crore.
- The project is set to run for a duration of five years.
Execution of earth piling works (September 2025):
- Markolines Pavement Technologies Ltd said that it has secured a new work order of ₹3.51 crore, including GST, from NCC Limited (formerly Nagarjuna Construction Company Ltd.) The contract includes the execution of earth piling works on the 454 MLD Malad WwTF Project in Mumbai and is to be completed by September 30, 2025.
4. Financial Performance (FY2025)
| Metric | FY2025 | YoY Growth |
|---|---|---|
| Total Revenue | ₹307 crore | ↓ from ₹347 crore in FY2024 |
| Net Profit | ₹23 crore | ↑ 35.2% (vs ₹17 crore in FY2024) |
| Earnings Per Share (EPS) | ₹10.25 | — |
| Return on Equity (ROE) | 16.2% | — |