First Al-Noor Modaraba FANM
Rs 10.35
Vol659,796Updated15:4912 Oct 2026
At a Glance
The headline take on FANM — valuation, income, returns, and efficiency
Consolidated snapshot
Price & Performance
Closing prices across timeframes, returns, and range context
FANM — Price History
Daily closing series · toggle period below
Key Metrics
Valuation, profitability, structure, and risk in one grid
Dividend History & Yield
Payout track record, yield trend, and upcoming distribution
No dividend payouts on record for FANM
PSX has no payout announcements for this company in the recent record. Some companies reinvest earnings rather than distribute them — check the Financials section for retained earnings.
Financials & Earnings
Income, balance sheet, and key ratios from published accounts
FANM's market capitalisation stands at Rs 230.54M as of 09 Oct 2026 — up 29.8% over the past 12 months (from Rs 177.64M).
Financial Statements
How FANM's income and balance sheet have evolved
| PKR Millions | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | Trend |
|---|---|---|---|---|---|---|---|
| Net Sales / Revenue | 43.66 | 33.48 | 35.32 | 37.65 | 26.79 | 30.43 | |
| Administrative Expenses | 36.5 | 32.97 | 27.56 | 26.92 | 28.77 | 30.5 | |
| Other Income | 2.63 | 2.72 | 1.51 | 1.05 | 3.94 | 6.07 | |
| Financial Charges | 0.02 | 0.03 | 0.01 | 0.03 | 0.02 | 0.03 | |
| Profit Before Tax | 5.37 | 4.07 | 3.6 | 3.42 | 1.65 | -0.2 | |
| Taxation | 2.95 | 3.68 | 3.07 | 1.11 | 1 | — | |
| Profit After Tax | 2.41 | 0.39 | 0.53 | 2.31 | 0.65 | -0.2 | |
| EPS - Basic (Rs) | Rs 0.10 | Rs 0.02 | Rs 0.02 | Rs 0.10 | Rs 0.03 | Rs -0.01 |
All figures in PKR millions from published accounts.
Profitability & Returns
Margins, returns on capital, and earnings per share
Latest · FY25
| Ratio | Value |
|---|---|
| Net profit margin | 5.5% |
Net profit margin
Net profit ÷ revenue · %
Financial Health
Coverage, leverage, and the strength of the balance sheet
Latest · FY25
| Ratio | Value |
|---|---|
| Current ratio | 27.25 |
| Quick ratio | 19.06 |
| Cash ratio | 19.06 |
| Asset turnover | 0.16x |
| Effective tax rate | 54.9% |
Current ratio
Current assets ÷ current liabilities
Market cap trajectory
Close × current shares outstanding · current Rs 230.54M
Valuation & Capital Returns
What the market is paying for FANM, and what it returns to shareholders
Latest · FY25
| Ratio | Value |
|---|---|
| Price to earnings | 89.10x |
| Price to book | 0.79x |
| Price to sales | 4.71x |
Price to earnings
Period-end price ÷ EPS · times
Technical Analysis
Trading signal, moving averages, momentum, and key levels
10-day SMA (Rs 9.70) is below the 30-day SMA (Rs 9.76). RSI at 56 sits in the neutral band.
Moving AverageThe average close over a set window (10/30/200 days) — smooths daily noise to reveal the trend.Read the full guide →
| Period | Value | vs Current | Position |
|---|---|---|---|
| SMA 10 | Rs 9.70 | -6.25% | Above |
| SMA 30 | Rs 9.76 | -5.69% | Above |
| SMA 60 | Rs 9.09 | -12.17% | Above |
| SMA 200 | Rs 7.47 | -27.78% | Above |
At 56, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.
- MACD0.10
- Signal0.12
- Histogram-0.01
Leverage Insights
MTS, margin financing, futures open interest, and combined exposure
Leverage Composition
MTS · MFS stacked over the selected window
No blank sales
No net blank (short) sales reported for FANM on the latest PSX DFC report.
Settlement Insights
UIN-wise settlement concentration and price context
Metrics and charts over the selected trailing window
Settlement % Trajectory
Solid = UIN settlement % · Dashed = 14-session EMA
As of 12 Oct 2026
Price vs Settlement
Close price (left axis) · UIN settlement % (right axis)
About the Company
Business description, governance, and corporate information
The First Al-Noor Modaraba was formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the rules framed thereunder and is managed by Al-Noor Modaraba Management (Private) Limited, a company incorporated in Pakistan. The Modaraba is a perpetual, multi purpose and multi dimensional Modaraba and is primarily engaged in providing Ijarah financing, Musharakah, Diminishing Musharakah, Musawamah, equity investment and other Shariah compliant trading activities.
Corporate Information
- RegistrarM/s. FAMCO Share Registration Services (PVT.) Limited 8-F, Near Hotel Faran, Nursery, Block-6, P.E.C.H.S. Shahrah-e-Faisal, Karachi
- AuditorRussell Bedford Rahman Sarfaraz Rahim Iqbal Rafiq Chartered Accountants
- Websitewww.fanm.co
- Address96 A, Sindhi Muslim Cooperative Housing Society, Karachi.
- SectorModarabas
- Financial Year EndJune
Key People
| Name | Role |
|---|---|
ZAZainuddin Aziz | CEO |
ZZZia Zakaria | Chairperson |
RARoofi Abdul Razzak | Company Secretary |
Reports & Filings
Recent Announcements
Latest company filings as reported on PSX
Filings and disclosures from the PSX announcement feed
- 12 Oct 2026Board MeetingBoard Meeting for the quarter ended 2026-09-30
- 25 Sep 2026Report
- 25 Sep 2026Other
- 31 Aug 2026Financial Results
- 24 Aug 2026Board MeetingBoard Meeting for the Year Ended 2026-06-30
- 27 Apr 2026Financial Results
- 22 Apr 2026Financial Results
- 14 Apr 2026Board MeetingsBoard Meeting for the quarter ended 2026-03-31
Peers in Modarabas
How the cohort is moving — same-sector stocks by market cap
FANM vs Modarabas sector median
| Metric | FANM | Sector median |
|---|---|---|
| P/E RatioShare price ÷ earnings per share — the price you pay for each rupee of annual profit. Compare within a sector.Read the full guide → | 99.8x | 12.6x |
| Dividend YieldTrailing-12-month cash dividends ÷ share price. A high yield can signal income — or a falling price.Read the full guide → | — | 5.3% |
| Return on EquityNet profit ÷ shareholders' equity — how hard the company works each rupee investors have put in.Read the full guide → | 0.9% | 6.7% |
| 1-Year Return | +28.6% | +26.0% |
| Market CapitalisationShare price × total shares — the company's full market value, and the basis for index weightings.Read the full guide → | Rs 230.54M | Rs 703.87M |
Modarabas · sector heat
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Frequently Asked Questions
The most common questions investors ask about FANM
FANM last traded at Rs 10.35, up 3.71% on the day, within a 52-week range of Rs 4.25–12.30. Prices on this page refresh every 15 minutes during market hours; log in to BSL for live quotes.
The First Al-Noor Modaraba was formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the rules framed thereunder and is managed by Al-Noor Modaraba Management (Private) Limited, a company incorporate… See About the Company on this page for the full profile, management, and corporate information.
FANM has not declared a cash dividend in the recent PSX record — some companies reinvest earnings instead; see the Financials section. For income ideas, browse the highest dividend yield stocks on PSX.
Yes — First Al-Noor Modaraba is on the PSX's Shariah-compliant (KMI All Shares) list. Browse all Shariah-compliant PSX stocks.
FANM trades at 99.8x earnings against a Modarabas median of 12.6x. The full comparison table and peer list are in the Peers section, or explore the Modarabas sector page.
Annual reports from FY2025 to FY2026 are linked under Reports & Filings in the About section of this page, sourced from official PSX submissions.
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