Thread by @investor_sr33

Markolines Pavement Technologies Limited -
Can this be the winner in India's economic development?

Market cap :306 cr
A Thread

Incorporated in 2002,
Markolines is a Highway Operations & Maintenance (O&M) Service providing company.
The company’s operations are mainly divided into-Highway Operations, Highway Maintenance, and Specialized Maintenance Services.

Roads make a crucial contribution to economic development and growth of a nation. Well-maintained roads bring vital social benefits like providing access to employment. India's roads needs smooth operation and superior maintenance, and this is done by Markoline .

Weather, traffic volume and geographical conditions often impact the roads and it is important to take these factors into consideration while arriving at the right treatment.
Road repairs are a norm especially what i have seen in metros .

They have added new services and tech at regularly intervals since 2002

They got into extrusion tech for road marking in India .
Microsurfacing experts .

Microsurfacing is similar to slurry seal. consists of a mixture of water, asphalt emulsion, aggregate and chemical additives to an existing asphalt concrete pavement surface. Polymer is commonly added to the asphalt emulsion to provide better mixture properties.

healthy increase in sales and operating profit

Promoter holding is good . However i havent heard from them , just read the annual reports . few mails i have sent have been unanswered .
havent found anything negative about them in the media .

This being a election year , we will see a host of road related projects being approved , Markolines will be a beneficiary in this .(hope)

In over a decade and a half, they have transitioned from a single product company to a multi-product company and aspire to be a pioneer of transformation in Highway Operations & Maintenance (O&M).

Order book : close to 500 cr .

All the below orders are received in 2021-2022

Received Work order from Gayatri Cresent (JV) for 6 lane Tunnel with approaches in Khambataki Ghat Section of NH-4 worth Rs. 325 Cr.

Received Work Order from Farakka Raiganj Highways Limited (FRHL) for Execution of Rehabilitation, Bitumen Overlay, Micro surfacing and associated Ancillary works of Farakka-Raiganj Section in the state of West Bengal worth of Rs. 95.45 Cr.

Received Work order from Mumbai Metropolitan Region Development Authority (MMRDA) for Renewal of main carriageway and service road with Bituminous treatment on Eastern Expressway Highway worth of Rs. 132.62 Cr.

Order book is more than the current market cap .
If management is able to execute them then it can be multibagger !

Rights issue at 167 .
Looks like promoters will hold back most of the shares.

#markolines #investing #rightsissue

#rights #markolines

Rights issue date 27 Jan
#investing #markolines

New order . Rights issues acquired mostly by promoters . Election year
. Lot of tailwinds for this sme .