First Tri-Star Modaraba
Shariah compliantThe brief
2026-06-30Revenue declined by 6% over the last 12 months while operating profit expanded faster at 26%, so more of each rupee of sales turned into profit. Profit grew 160% over the same period. Operating margin fell from -68% to -77%. Debt eased: debt-to-equity fell from 0.03 to 0.00. It has less cover for its short-term bills: the current ratio fell from 0.30 to 0.19.
Profit over the last 12 months grew 160.0%.
Operating margin over the last 12 months is -77.0%.
Revenue over the last 12 months fell 6.0%.
Debt-to-equity is 0.00.
Price history
See how FTSM stands, and what it may be worth
How good the business is, where its support zone sits, the price that would start a downtrend, and AlphaGen's four fair-value cases open with a free account.
Latest results
Quarter: Apr–Jun 2026In the Apr–Jun 2026 quarter, FTSM's sales fell 100% to Rs 0, from Rs 1.5mn, and profit after tax was a loss of Rs 8.2mn, against a loss of Rs 21.2mn (compared with Apr–Jun 2025).
Earnings per share were -Rs 0.38, against -Rs 1.04 a year earlier.
At Rs 26.30, FTSM trades at 130.8 times earnings.
- P/E ratio
- 130.8
- Dividend payout
- 0%
- of earnings
- Return on equity
- 2%
- Net margin
- 21.0%
- last 12 months
- Debt to equity
- 0.00
FTSM quarterly results
Reported figures| Quarter | Sales | Profit after tax | Net margin | EPS | Dividend / share |
|---|---|---|---|---|---|
| Apr–Jun 2026 | Rs 0 | -Rs 8.2mn | — | -Rs 0.38 | — |
| Jan–Mar 2026 | Rs 6.8mn | Rs 3.3mn | 49.1% | Rs 0.16 | — |
| Oct–Dec 2025 | Rs 1.1mn | -Rs 8.1mn | -759.4% | -Rs 0.38 | — |
| Jul–Sep 2025 | Rs 15.3mn | Rs 17.9mn | 117.0% | Rs 0.84 | — |
| Apr–Jun 2025 | Rs 1.5mn | -Rs 21.2mn | -1407.7% | -Rs 1.04 | — |
| Jan–Mar 2025 | Rs 13.5mn | Rs 1.6mn | 11.5% | Rs 0.07 | — |
| Oct–Dec 2024 | Rs 336,250 | -Rs 5.5mn | -1649.1% | -Rs 0.26 | — |
| Jul–Sep 2024 | Rs 22.2mn | Rs 10.2mn | 45.9% | Rs 0.49 | — |
FTSM annual results and dividends
Reported figures| Year | Sales | Profit after tax | EPS | Dividend / share |
|---|---|---|---|---|
| Year to Jun 2026 | Rs 23.1mn | Rs 4.9mn | Rs 0.23 | — |
| Year to Jun 2025 | Rs 37.6mn | -Rs 15.0mn | -Rs 0.75 | — |
| Year to Jun 2024 | Rs 36.0mn | Rs 2.1mn | Rs 0.10 | Rs 2.00 |
| Year to Jun 2023 | Rs 42.6mn | Rs 354.2mn | Rs 16.93 | Rs 4.00 |
| Year to Jun 2022 | Rs 28.0mn | -Rs 30,562 | -Rs 0.01 | — |
Balance sheet and price
Balance sheet as of Jun 2026- Total assets
- Rs 360.7mn
- Shareholders' equity
- Rs 272.6mn
- Cash & bank
- Rs 1.0mn
- Total debt
- Rs 0
- Current ratio
- 0.19
- 3-month high
- Rs 59.16
- 3-month low
- Rs 25.30
- 1-month change
- -40.2%
- 3-month change
- -30.7%
Read more about FTSM
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FTSM: common questions
What is FTSM's share price?
First Tri-Star Modaraba (FTSM) last closed at Rs 26.30 on the Pakistan Stock Exchange.
Does FTSM pay a dividend?
First Tri-Star Modaraba reported no dividend for the year to Jun 2026.
What were FTSM's latest results?
In the Apr–Jun 2026 quarter, FTSM's sales fell 100% to Rs 0, from Rs 1.5mn, and profit after tax was a loss of Rs 8.2mn, against a loss of Rs 21.2mn (compared with Apr–Jun 2025).
What is FTSM's P/E ratio?
At Rs 26.30, FTSM trades at 130.8 times its earnings.
Figures are taken from the company's published financial statements and PSX prices. This page is information, not investment advice.