About Markolines Pavement Technologies Limited
Data last updated: 14 July 2026
Markolines Pavement Technologies Limited is a public limited company based in Navi Mumbai 400 614., Maharashtra, India. It specialises in utility projects, a part of the broader construction sector. Incorporated on 08 November 2002, the company has been in operation for over 24 years.
Registered with ROC Mumbai under CIN L99999MH2002PLC156371. Listed on BSE: 543364.
Capital: an authorised share capital of ₹50 Cr and a paid-up capital of ₹22.2 Cr. Formerly known as Markolines Traffic Controls Private Limited and Markolines Traffic Controls Limited. It is led by directors including Sanjay Patil Bhanudas and Vaishali Dipen Tarsariya.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: 502 A Wing Shree Nand Dhamsector 11 Cbd Belapur, Navi Mumbai 400 614., Maharashtra, India.
As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹348.49 Cr. The net worth stands at ₹202.61 Cr. Total assets are valued at ₹339.27 Cr.
The company has a workforce of approximately 654 employees as per the latest available data.
The company is associated with 1 brand - Markolines. As per MCA filings, the company has open charges of ₹236.3 Cr and satisfied charges of ₹21.66 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website markolines.com.
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Registered Address502 A Wing Shree Nand Dhamsector 11 Cbd Belapur, Navi Mumbai 400 614., Maharashtra, India
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IndustryConstruction, Utility Projects, Railways, Roads
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
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Name History of Markolines Pavement Technologies Limited
Markolines Pavement Technologies Limited has undergone 3 name changes throughout its history. The company was previously known as Markolines Traffic Controls Private Limited, Markolines Traffic Controls Limited, and Mark-O-Line Traffic Controls Pvt Ltd. The current legal name is Markolines Pavement Technologies Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Markolines Pavement Technologies Limited | Current |
| Markolines Traffic Controls Private Limited | Previous |
| Markolines Traffic Controls Limited | Previous |
| Mark-O-Line Traffic Controls Pvt Ltd | Previous |
CIN History of Markolines Pavement Technologies Limited
Markolines Pavement Technologies Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L99999MH2002PLC156371, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L99999MH2002PLC156371 | Current |
| U99999MH2002PLC156371 | Previous |
| U99999MH2002PTC156371 | Previous |
Associated Brands with Markolines Pavement Technologies Limited
Markolines Pavement Technologies Limited operates one associated brand: Markolines. These brands represent Markolines Pavement Technologies Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Road infrastructure development is undertaken by Markolines in India. | markolines.com |
Competitors & Alternatives of Markolines Pavement Technologies Limited
Brands and companies operating in the same space as Markolines Pavement Technologies Limited include Construction Partners, Transurban, Highway Concessions One Private and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Construction Partners
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Provider of construction services | Dothan, United States, United States | 2001 |
Transurban
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Road infrastructure development and management services are provided internationally. | Melbourne, Australia, Australia | 1995 |
Highway Concessions One Private
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Highway concessions are invested in, operated, and managed across India. | Mumbai, India, India | 2010 |
G R Infraprojects
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EPC provider for infrastructure projects and manufacturer of related materials | Udaipur, India, India | 1995 |
IL&FS Transportation
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Developer and operator of transportation infrastructure projects, including highways and tunnels | Mumbai, India, India | 2000 |
Colas
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Road infrastructure development services are provided worldwide. | Paris, France, France | 1929 |
SMEC
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Provider of road infrastructure development services | Brisbane, Australia, Australia | 1970 |
American Track
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Railroad infrastructure development services are provided by American Track. | Fort Worth, United States, United States | 2021 |
FCC Construccion
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Developer of highways infrastructure | Madrid, Spain, Spain | 1900 |
Business Activity of Markolines Pavement Technologies Limited
Markolines Pavement Technologies Limited is engaged in the principal business activity of construction, with detailed activities including roads, railways, utility projects.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
Business activity turnover details for Markolines Pavement Technologies Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
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Auditor Details of Markolines Pavement Technologies Limited
Markolines Pavement Technologies Limited is audited by Jay Gupta & Associates (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Jay Gupta & Associates (ICAI peer reviewed, certificate valid till 2027-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Markolines Pavement Technologies Limited
Markolines Pavement Technologies Limited is currently managed by 6 directors, with 12 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Sanjay Patil Bhanudas
Also directs:
Uniqueuhpc Markolines Llp, West Port Utility Services Llp, Markolines Technologies Private Limited and 1 more
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Managing Director | 08 Nov 2002 | 23 Years 9 Months | Current |
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Vaishali Dipen Tarsariya
Also directs:
Indian Emulsifiers Limited, Aelea Commodities Limited
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Director | 08 Apr 2025 | 1 Years 4 Months | Current |
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Kirtinandini Sanjay Patil
Also directs:
Markolines Infra Limited
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Director | 20 Aug 2021 | 5 Years 0 Months | Current |
| Akash Manohar Phatak | Director | 20 Aug 2021 | 5 Years 0 Months | Current |
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Anjali Shivaji Patil
Also directs:
Markolines Infra Limited, G M Polyplast Limited, Vision Infra Equipment Solutions Limited and 1 more
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Director | 17 Aug 2021 | 5 Years 0 Months | Current |
| Praveen Sevantilal Panchal | Director | 07 Jan 2025 | 1 Years 7 Months | Current |
Financials of Markolines Pavement Technologies Limited FY 2026 filings available
Markolines Pavement Technologies Limited reported revenue of ₹348.49 Cr for FY 2026.
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹348.49 Cr |
| Other Income | ₹7.64 Cr |
| Total Income | ₹356.12 Cr |
| Cost of Materials Consumed | ₹79.01 Cr |
| Purchases of Stock-in-Trade | ₹0 |
| Changes in Inventories | ₹8.96 Lakh |
| Employee Benefit Expense | ₹18.03 Cr |
| Finance Costs | ₹6.41 Cr |
| Depreciation & Amortisation | ₹7.04 Cr |
| Other Expenses | ₹211.18 Cr |
| Total Expenses | ₹321.75 Cr |
| Profit Before Exceptional Items & Tax | ₹34.37 Cr |
| Exceptional Items | -₹16.23 Lakh |
| Profit Before Tax | ₹34.21 Cr |
| Total Tax Expense | ₹8.7 Cr |
| Net Profit | ₹26.23 Cr |
| attributable to Owners | ₹0 |
| attributable to NCI | ₹0 |
| Other Comprehensive Income | -₹4.34 Lakh |
| Total Comprehensive Income | ₹26.19 Cr |
| EBITDA (computed) | ₹47.81 Cr |
| Basic EPS | ₹11.90 |
| Diluted EPS | ₹11.90 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹339.27 Cr |
| Non-current Assets | ₹127.62 Cr |
| Current Assets | ₹211.65 Cr |
| Property, Plant & Equipment | ₹27.55 Cr |
| Inventories | ₹8.07 Cr |
| Trade Receivables | ₹143.5 Cr |
| Cash & Equivalents | ₹1.83 Cr |
| Equity (Net Worth) | ₹202.61 Cr |
| Equity Share Capital | ₹22.2 Cr |
| Borrowings (Non-current) | ₹10.06 Cr |
| Borrowings (Current) | ₹76.09 Cr |
| Total Debt (computed) | ₹86.15 Cr |
| Current Liabilities | ₹126.11 Cr |
| Total Liabilities | ₹136.66 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | ₹6.24 Cr |
| Investing Cash Flow | -₹20.81 Cr |
| Financing Cash Flow | ₹15.88 Cr |
| Capital Expenditure | ₹5.35 Cr |
| Free Cash Flow (computed) | ₹89.19 Lakh |
| Dividends Paid | ₹3.3 Cr |
| Net Change in Cash | ₹1.31 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
|---|---|---|---|---|
| Revenue from Operations | ₹105.15 Cr | ₹92.95 Cr | ₹77.67 Cr | ₹72.72 Cr |
| Other Income | ₹2.73 Cr | ₹1.68 Cr | ₹1.74 Cr | ₹1.49 Cr |
| Total Income | ₹107.88 Cr | ₹94.63 Cr | ₹79.41 Cr | ₹74.2 Cr |
| Cost of Materials Consumed | ₹19.12 Cr | ₹11.05 Cr | ₹26.06 Cr | ₹22.79 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹24.46 Cr | ₹6.37 Cr | -₹25 Cr | -₹5.73 Cr |
| Employee Benefit Expense | ₹5.02 Cr | ₹4.5 Cr | ₹4.25 Cr | ₹4.25 Cr |
| Finance Costs | ₹2.15 Cr | ₹1.31 Cr | ₹1.46 Cr | ₹54.6 Lakh |
| Depreciation & Amortisation | ₹1.78 Cr | ₹1.88 Cr | ₹1.72 Cr | ₹1.65 Cr |
| Other Expenses | ₹40.45 Cr | ₹60.94 Cr | ₹65.23 Cr | ₹45.51 Cr |
| Total Expenses | ₹92.97 Cr | ₹86.05 Cr | ₹73.72 Cr | ₹69.01 Cr |
| Profit Before Exceptional Items & Tax | ₹14.91 Cr | ₹8.59 Cr | ₹5.69 Cr | ₹5.19 Cr |
| Exceptional Items | ₹0 | -₹16.23 Lakh | ₹0 | ₹0 |
| Profit Before Tax | ₹14.91 Cr | ₹8.42 Cr | ₹5.69 Cr | ₹5.19 Cr |
| Total Tax Expense | ₹3.72 Cr | ₹1.64 Cr | ₹1.83 Cr | ₹1.52 Cr |
| Net Profit | ₹11.36 Cr | ₹6.78 Cr | ₹4.08 Cr | ₹3.79 Cr |
| attributable to Owners | ₹0 | ₹0 | - | - |
| attributable to NCI | ₹0 | ₹0 | - | - |
| Other Comprehensive Income | -₹31,000 | -₹6.64 Lakh | -₹3.95 Lakh | ₹6.57 Lakh |
| Total Comprehensive Income | ₹11.36 Cr | ₹6.72 Cr | ₹4.04 Cr | ₹3.86 Cr |
| EBITDA (computed) | ₹18.84 Cr | ₹11.78 Cr | ₹8.87 Cr | ₹7.39 Cr |
| Basic EPS | ₹5.15 | ₹3.33 | ₹1.70 | ₹1.72 |
| Diluted EPS | ₹5.15 | ₹3.33 | ₹1.70 | ₹1.72 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Major Maintenance(MMR) | ₹67.69 Cr | ₹8.7 Cr | ₹192.71 Cr | ₹36.66 Cr |
| Specialised Construction | ₹37.45 Cr | ₹8.54 Cr | ₹63.58 Cr | ₹6.63 Cr |
| Unallocated | ₹2.73 Cr | -₹2.17 Cr | ₹82.98 Cr | ₹93.38 Cr |
| Share of Profit of Associates | ₹16.88 Lakh | ₹0 | ₹0 | ₹0 |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Major Maintenance(MMR) | ₹226.96 Cr | ₹24.21 Cr | - | - |
| Specialised Construction | ₹121.53 Cr | ₹28.37 Cr | - | - |
| Unallocated | ₹7.64 Cr | -₹17.65 Cr | - | - |
| Share of Profit of Associates | ₹72.43 Lakh | ₹0 | - | - |
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹323.58 Cr |
| Other Income | ₹7.9 Cr |
| Total Income | ₹331.48 Cr |
| Cost of Materials Consumed | ₹79.01 Cr |
| Purchases of Stock-in-Trade | ₹0 |
| Changes in Inventories | ₹8.96 Lakh |
| Employee Benefit Expense | ₹18.03 Cr |
| Finance Costs | ₹6.41 Cr |
| Depreciation & Amortisation | ₹7.04 Cr |
| Other Expenses | ₹185.82 Cr |
| Total Expenses | ₹296.39 Cr |
| Profit Before Exceptional Items & Tax | ₹35.1 Cr |
| Exceptional Items | -₹16.23 Lakh |
| Profit Before Tax | ₹34.93 Cr |
| Total Tax Expense | ₹8.7 Cr |
| Net Profit | ₹26.23 Cr |
| Other Comprehensive Income | -₹4.35 Lakh |
| Total Comprehensive Income | ₹26.19 Cr |
| EBITDA (computed) | ₹48.54 Cr |
| Basic EPS | ₹11.90 |
| Diluted EPS | ₹11.90 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹336.21 Cr |
| Non-current Assets | ₹134.7 Cr |
| Current Assets | ₹201.51 Cr |
| Property, Plant & Equipment | ₹27.55 Cr |
| Inventories | ₹8.07 Cr |
| Trade Receivables | ₹136.48 Cr |
| Cash & Equivalents | ₹1.82 Cr |
| Equity (Net Worth) | ₹202.61 Cr |
| Equity Share Capital | ₹22.2 Cr |
| Borrowings (Non-current) | ₹10.06 Cr |
| Borrowings (Current) | ₹76.09 Cr |
| Total Debt (computed) | ₹86.15 Cr |
| Current Liabilities | ₹123.04 Cr |
| Total Liabilities | ₹133.6 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | ₹11.45 Cr |
| Investing Cash Flow | -₹25.96 Cr |
| Financing Cash Flow | ₹15.88 Cr |
| Capital Expenditure | ₹5.35 Cr |
| Free Cash Flow (computed) | ₹6.1 Cr |
| Dividends Paid | ₹3.3 Cr |
| Net Change in Cash | ₹1.37 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
|---|---|---|---|---|
| Revenue from Operations | ₹92.73 Cr | ₹80.46 Cr | ₹77.67 Cr | ₹72.72 Cr |
| Other Income | ₹2.68 Cr | ₹1.96 Cr | ₹1.82 Cr | ₹1.44 Cr |
| Total Income | ₹95.4 Cr | ₹82.43 Cr | ₹79.49 Cr | ₹74.15 Cr |
| Cost of Materials Consumed | ₹19.12 Cr | ₹11.05 Cr | ₹26.06 Cr | ₹22.79 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹24.46 Cr | ₹6.37 Cr | -₹25 Cr | -₹5.73 Cr |
| Employee Benefit Expense | ₹5.02 Cr | ₹4.5 Cr | ₹4.25 Cr | ₹4.25 Cr |
| Finance Costs | ₹2.15 Cr | ₹1.31 Cr | ₹1.46 Cr | ₹54.59 Lakh |
| Depreciation & Amortisation | ₹1.78 Cr | ₹1.88 Cr | ₹1.72 Cr | ₹1.65 Cr |
| Other Expenses | ₹27.81 Cr | ₹48.51 Cr | ₹65.09 Cr | ₹45.34 Cr |
| Total Expenses | ₹80.33 Cr | ₹73.62 Cr | ₹73.59 Cr | ₹68.85 Cr |
| Profit Before Exceptional Items & Tax | ₹15.08 Cr | ₹8.81 Cr | ₹5.9 Cr | ₹5.31 Cr |
| Exceptional Items | ₹0 | -₹16.23 Lakh | ₹0 | ₹0 |
| Profit Before Tax | ₹15.08 Cr | ₹8.64 Cr | ₹5.9 Cr | ₹5.31 Cr |
| Total Tax Expense | ₹3.72 Cr | ₹1.56 Cr | ₹1.92 Cr | ₹1.52 Cr |
| Net Profit | ₹11.36 Cr | ₹7.09 Cr | ₹3.99 Cr | ₹3.79 Cr |
| Other Comprehensive Income | -₹32,000 | -₹6.64 Lakh | -₹3.95 Lakh | ₹6.56 Lakh |
| Total Comprehensive Income | ₹11.36 Cr | ₹7.02 Cr | ₹3.95 Cr | ₹3.86 Cr |
| EBITDA (computed) | ₹19.01 Cr | ₹12 Cr | ₹9.09 Cr | ₹7.51 Cr |
| Basic EPS | ₹5.15 | ₹3.22 | ₹1.81 | ₹1.72 |
| Diluted EPS | ₹5.15 | ₹3.22 | ₹1.81 | ₹1.72 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Major Maintenance(MMR) | ₹55.27 Cr | ₹8.54 Cr | ₹186.06 Cr | ₹33.6 Cr |
| Specialised Construction | ₹37.45 Cr | ₹8.54 Cr | ₹63.58 Cr | ₹6.63 Cr |
| Unallocated | ₹2.68 Cr | -₹2.01 Cr | ₹86.57 Cr | ₹93.38 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Major Maintenance(MMR) | ₹202.05 Cr | ₹24.05 Cr | - | - |
| Specialised Construction | ₹121.53 Cr | ₹28.37 Cr | - | - |
| Unallocated | ₹7.9 Cr | -₹17.49 Cr | - | - |
Board & Governance of Markolines Pavement Technologies Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Markolines Pavement Technologies Limited has 6 directors - 3 independent and 2 executive. The board is chaired by Sanjay Patil.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Sanjay Patil | Executive Director · MD · Chairperson | 2002-11-02 | 1 |
| Praveen Panchal | Executive Director | 2025-01-07 | 1 |
| Kirtinandini Patil | Non-Executive - Non Independent Director | 2021-08-20 | 1 |
| Akash Phatak | Non-Executive - Independent Director | 2021-08-20 | 1 |
| Anjali Sapkal | Non-Executive - Independent Director | 2021-08-20 | 3 |
| Vaishali Tarsariya | Non-Executive - Independent Director | 2025-04-08 | 3 |
| Committee | Members |
|---|---|
| Audit Committee | Anjali Sapkal (Chairperson), Sanjay Patil, Vaishali Tarsariya |
| Nomination and remuneration committee | Anjali Sapkal (Chairperson), Kirtinandini Patil, Vaishali Tarsariya |
| Stakeholders Relationship Committee | Anjali Sapkal (Chairperson), Sanjay Patil, Vaishali Tarsariya |
| Corporate Social Responsibility Committee | Anjali Sapkal (Chairperson), Sanjay Patil, Vaishali Tarsariya |
| Committee of Independent Directors | Akash Phatak (Chairperson), Anjali Sapkal, Vaishali Tarsariya |
Charges & Borrowings of Markolines Pavement Technologies Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Mar 2026 | Others | ₹40 Cr | Open |
| 07 Jan 2026 | Others | ₹1.8 Cr | Open |
| 30 Dec 2025 | Others | ₹3.24 Cr | Open |
| 27 Nov 2025 | Others | ₹17.46 Lakh | Open |
| 30 Nov 2024 | Others | ₹43.5 Lakh | Open |
Total charge records: 51 View all charges
Employees and EPFO Compliance at Markolines Pavement Technologies Limited
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Employee and EPFO history for Markolines Pavement Technologies Limited
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GST Compliance of Markolines Pavement Technologies Limited
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Credit Ratings, Litigation & Regulatory Alerts for Markolines Pavement Technologies Limited
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MSME Payment Delays by Markolines Pavement Technologies Limited
MSME payment history for Markolines Pavement Technologies Limited
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Subsidiaries & Group Companies of Markolines Pavement Technologies Limited
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MCA Filings & Documents of Markolines Pavement Technologies Limited
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Recent Activity on Markolines Pavement Technologies Limited
Frequently Asked Questions about Markolines Pavement Technologies Limited
Markolines Pavement Technologies Limited is an active public limited company in the construction sector based in Navi Mumbai 400 614, Maharashtra, India. It was incorporated on 08 November 2002 (24+ years old) and is registered under CIN L99999MH2002PLC156371. Listed on BSE: 543364. The company has 654 employees.
Markolines Pavement Technologies Limited reported revenue of ₹348.49 Cr for FY 2026 based on consolidated NSE filings.
The current directors of Markolines Pavement Technologies Limited are:
- Sanjay Patil Bhanudas - Managing Director
- Vaishali Dipen Tarsariya - Director
- Kirtinandini Sanjay Patil - Director
- Akash Manohar Phatak - Director
- Anjali Shivaji Patil - Director
- Praveen Sevantilal Panchal - Director
The primary industry of Markolines Pavement Technologies Limited is construction. The company specifically operates in utility projects. The company is currently active in this sector.
Yes. Markolines Pavement Technologies Limited is listed on BSE with code 543364.
Markolines Pavement Technologies Limited can be reached at the registered office: 502 A Wing Shree Nand Dhamsector 11 Cbd Belapur, Navi Mumbai 400 614, Maharashtra, India, or through the website markolines.com.