Trust Modaraba
Shariah compliantThe brief
2026-06-30Revenue grew at a moderate 14% over the last 12 months while operating profit expanded faster at 28%, so more of each rupee of sales turned into profit. Profit grew 82% over the same period. Operating margin fell from 29% to 19%. Debt-to-equity went from 0.03 to 0.04. It has less cover for its short-term bills: the current ratio fell from 6.62 to 6.07.
Revenue over the last 12 months grew 14.0%.
Profit over the last 12 months grew 82.0%.
Debt-to-equity is 0.04.
Price history
See how TRSM 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, TRSM's sales rose 58% to Rs 21.5mn, from Rs 13.7mn, and profit after tax rose 829% to Rs 5.7mn, from Rs 618,315 (compared with Apr–Jun 2025).
Earnings per share were Rs 0.19, against Rs 0.02 a year earlier.
At Rs 13.04, TRSM trades at 77.1 times earnings.
- P/E ratio
- 77.1
- Dividend payout
- 0%
- of earnings
- Return on equity
- 3%
- Net margin
- 17.0%
- last 12 months
- Debt to equity
- 0.04
TRSM quarterly results
Reported figures| Quarter | Sales | Profit after tax | Net margin | EPS | Dividend / share |
|---|---|---|---|---|---|
| Apr–Jun 2026 | Rs 21.5mn | Rs 5.7mn | 26.7% | Rs 0.19 | — |
| Jan–Mar 2026 | Rs 7.5mn | -Rs 2.4mn | -31.6% | -Rs 0.08 | — |
| Oct–Dec 2025 | Rs 20.2mn | Rs 5.6mn | 27.6% | Rs 0.19 | — |
| Jul–Sep 2025 | Rs 16.1mn | Rs 2.4mn | 15.2% | Rs 0.08 | — |
| Apr–Jun 2025 | Rs 13.7mn | Rs 618,315 | 4.5% | Rs 0.02 | — |
| Jan–Mar 2025 | Rs 16.6mn | Rs 2.5mn | 14.9% | Rs 0.08 | — |
| Oct–Dec 2024 | Rs 27.6mn | Rs 8.7mn | 31.4% | Rs 0.29 | — |
| Jul–Sep 2024 | Rs 15.9mn | Rs 6.3mn | 39.5% | Rs 0.21 | — |
TRSM annual results and dividends
Reported figures| Year | Sales | Profit after tax | EPS | Dividend / share |
|---|---|---|---|---|
| Year to Jun 2026 | Rs 65.4mn | Rs 11.4mn | Rs 0.38 | — |
| Year to Jun 2025 | Rs 73.8mn | Rs 18.0mn | Rs 0.60 | — |
| Year to Jun 2024 | Rs 72.7mn | Rs 20.9mn | Rs 0.70 | Rs 0.50 |
| Year to Jun 2023 | Rs 38.0mn | -Rs 73,104 | -Rs 0.00 | — |
| Year to Jun 2022 | Rs 21.0mn | Rs 11.4mn | Rs 0.38 | — |
Balance sheet and price
Balance sheet as of Jun 2026- Total assets
- Rs 405.5mn
- Shareholders' equity
- Rs 360.1mn
- Cash & bank
- Rs 6.9mn
- Total debt
- Rs 12.7mn
- Current ratio
- 6.07
- 3-month high
- Rs 24.19
- 3-month low
- Rs 13.01
- 1-month change
- -1.4%
- 3-month change
- -28.2%
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TRSM: common questions
What is TRSM's share price?
Trust Modaraba (TRSM) last closed at Rs 13.04 on the Pakistan Stock Exchange.
Does TRSM pay a dividend?
Trust Modaraba reported no dividend for the year to Jun 2026.
What were TRSM's latest results?
In the Apr–Jun 2026 quarter, TRSM's sales rose 58% to Rs 21.5mn, from Rs 13.7mn, and profit after tax rose 829% to Rs 5.7mn, from Rs 618,315 (compared with Apr–Jun 2025).
What is TRSM's P/E ratio?
At Rs 13.04, TRSM trades at 77.1 times its earnings.
Figures are taken from the company's published financial statements and PSX prices. This page is information, not investment advice.