First Equity Modaraba FEM
Rs 10.85
Vol7,893Updated16:1418 Sep 2026
At a Glance
The headline take on FEM — valuation, income, returns, and efficiency
Consolidated snapshot
Price & Performance
Closing prices across timeframes, returns, and range context
FEM — 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 FEM
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
FEM's market capitalisation stands at Rs 566.88M as of 17 Sep 2026 — up 64.5% over the past 12 months (from Rs 344.53M).
Financial Statements
How FEM's income and balance sheet have evolved
| PKR Millions | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | Trend |
|---|---|---|---|---|---|---|---|
| Net Sales / Revenue | — | -275.73 | -119.31 | 518.33 | 417.61 | 83.66 | |
| Administrative Expenses | — | 103.09 | 104.06 | 86.56 | 77.8 | — | |
| Operating Profit | -7.56 | -403.47 | -248.21 | 409.43 | 321.89 | 6.81 | |
| Other Income | 0.16 | 8.95 | 6.55 | 22.18 | 2.73 | 3.26 | |
| Financial Charges | 0.01 | 115.92 | 61.83 | 37.02 | 40.36 | 49.25 | |
| Profit Before Tax | -8.27 | -574.1 | -354.45 | 364.76 | 265.01 | -39.52 | |
| Taxation | 0.01 | 159.99 | 102.37 | 161.17 | 3.67 | 7.54 | |
| Profit After Tax | -8.28 | -414.1 | -252.07 | 203.6 | 261.34 | -47.06 | |
| EPS - Basic (Rs) | Rs -0.16 | Rs -7.90 | Rs -4.81 | Rs 3.88 | Rs 4.98 | Rs -0.90 |
All figures in PKR millions from published accounts.
Profitability & Returns
Margins, returns on capital, and earnings per share
Latest · FY24
| Ratio | Value |
|---|---|
| Net profit margin | 150.2% |
| EBIT margin | 146.3% |
Net profit margin
Net profit ÷ revenue · %
Financial Health
Coverage, leverage, and the strength of the balance sheet
Latest · FY22
| Ratio | Value |
|---|---|
| Current ratio | 1.94 |
| Quick ratio | 0.82 |
| Cash ratio | 0.30 |
| Asset turnover | 0.17x |
| Effective tax rate | 44.2% |
Current ratio
Current assets ÷ current liabilities
Market cap trajectory
Close × current shares outstanding · current Rs 566.88M
Valuation & Capital Returns
What the market is paying for FEM, and what it returns to shareholders
Latest · FY22
| Ratio | Value |
|---|---|
| Price to earnings | 1.80x |
| Price to book | 0.23x |
| Price to sales | 0.71x |
Price to earnings
Period-end price ÷ EPS · times
Technical Analysis
Trading signal, moving averages, momentum, and key levels
10-day SMA (Rs 11.26) is below the 30-day SMA (Rs 11.30). RSI at 45 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 11.26 | +3.76% | Below |
| SMA 30 | Rs 11.30 | +4.12% | Below |
| SMA 60 | Rs 11.34 | +4.54% | Below |
| SMA 200 | Rs 10.57 | -2.56% | Above |
At 45, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.
- MACD-0.08
- Signal-0.00
- Histogram-0.08
Leverage Insights
MTS, margin financing, futures open interest, and combined exposure
No leverage exposure reported
FEM is not currently financed through MTS or margin financing (MFS), and shows no futures open interest or blank sales on the latest NCCPL/PSX reports.
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 17 Sep 2026
Price vs Settlement
Close price (left axis) · UIN settlement % (right axis)
About the Company
Business description, governance, and corporate information
First Equity Modaraba was formed in 1991 under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980. It is managed by Premier Financial Services (Private) Limited. The Modaraba is a perpetual, multi purpose modaraba able to undertake a variety of fund and fee based activities. These include trading, manufacturing, equity investment and their financing and facilitation. The Modaraba is a TREC holder of Pakistan Stock Exchange Limited.
Corporate Information
- RegistrarTHK Associates (Pvt) Ltd 1st Floor, 40-C, Block 6, PECHS, Karachi
- AuditorM/s Baker Tilly Mehmood Idrees Qamer & Co Chartered Accountants
- Websitewww.firstequitymodaraba.com.pk
- AddressRoom No. 504, 5th Floor, Pakistan Stock Exchange Building, Karachi
- SectorModarabas
- Financial Year EndJune
Key People
| Name | Role |
|---|---|
AAAdil A. Ghaffar | CEO |
NMNadeem Maqbool | Chairperson |
QOQazi Obaid Ullah | Company Secretary |
Reports & Filings
- Quarterly Report — 31 Mar 2026PDF
- Quarterly Report — 31 Dec 2025PDF
- Quarterly Report — 30 Sep 2025PDF
- Quarterly Report — 31 Mar 2025PDF
- Annual Report FY2025PDF
- Quarterly Report — 31 Dec 2024PDF
- Quarterly Report — 30 Sep 2024PDF
- Quarterly Report — 31 Mar 2024PDF
Sourced from official PSX financial-report submissions.
Recent Announcements
Latest company filings as reported on PSX
Filings and disclosures from the PSX announcement feed
- 30 Apr 2026Financial Results
- 30 Apr 2026Financial Results
- 22 Apr 2026Board MeetingsBoard Meeting
- 01 Apr 2026Others
- 27 Feb 2026Financial Results
- 26 Feb 2026Financial Results
- 18 Feb 2026Board MeetingsBoard Meeting
- 24 Dec 2025Others
Peers in Modarabas
How the cohort is moving — same-sector stocks by market cap
FEM vs Modarabas sector median
| Metric | FEM | 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 → | — | 11.3x |
| Dividend YieldTrailing-12-month cash dividends ÷ share price. A high yield can signal income — or a falling price.Read the full guide → | — | 6.9% |
| Return on EquityNet profit ÷ shareholders' equity — how hard the company works each rupee investors have put in.Read the full guide → | -1.4% | 6.7% |
| 1-Year Return | +73.2% | +39.0% |
| Market CapitalisationShare price × total shares — the company's full market value, and the basis for index weightings.Read the full guide → | Rs 566.88M | Rs 647.97M |
Modarabas · sector heat
Frequently Asked Questions
The most common questions investors ask about FEM
FEM last traded at Rs 10.85, up 0.37% on the day, within a 52-week range of Rs 6.25–17.70. Prices on this page refresh every 15 minutes during market hours; log in to BSL for live quotes.
First Equity Modaraba was formed in 1991 under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980. See About the Company on this page for the full profile, management, and corporate information.
FEM 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 Equity Modaraba is on the PSX's Shariah-compliant (KMI All Shares) list. Browse all Shariah-compliant PSX stocks.
A side-by-side comparison with the Modarabas sector median — valuation, yield, and returns — is in the Peers section, or explore the Modarabas sector page.
Annual reports for FY2025 are linked under Reports & Filings in the About section of this page, sourced from official PSX submissions.
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