First Treet Manufacturing Modaraba FTMM
Rs 18.90
Vol35,833Updated15:507 Oct 2026
At a Glance
The headline take on FTMM — valuation, income, returns, and efficiency
Consolidated snapshot
Price & Performance
Closing prices across timeframes, returns, and range context
FTMM — 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
FTMM has paid Rs 1.50 per share in cash dividends over the trailing 12 months — a 8.0% yield at the last close. Its most recent payout was Rs 1.50/share, announced 19 Nov 2025 with book closure from 27 Nov 2025.
Latest Payout
Dividend Per Share Trend
Not enough history for a trend yet — see the payout table below.
Payout History
Source: PSX company payouts
| Announced | For Period | Type | Amount | Book Closure |
|---|---|---|---|---|
| 19 Nov 2025 | — | Cash | Rs 1.50(15%) | 27 Nov 2025 – 29 Nov 2025 |
Financials & Earnings
Income, balance sheet, and key ratios from published accounts
FTMM's market capitalisation stands at Rs 3.65B as of 07 Oct 2026 — down 3.8% over the past 12 months (from Rs 3.79B).
Financial Statements
How FTMM's income and balance sheet have evolved
| PKR Millions | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | Trend |
|---|---|---|---|---|---|---|---|
| Net Sales / Revenue | 3,793.47 | 4,148.26 | 3,911.42 | 2,796.49 | 6,094.86 | 4,477.79 | |
| Cost of Sales | 3,449.55 | 3,773.52 | 3,608.21 | 2,666.94 | 6,185.01 | 5,250.28 | |
| Gross Profit | 343.92 | 374.74 | 303.22 | 129.55 | -90.14 | -772.49 | |
| Administrative Expenses | 53.92 | 65.86 | 50.26 | 34.05 | 123.74 | 112.57 | |
| Operating Profit | 159.22 | 220.06 | 126.87 | 16.93 | -692.2 | -1,576.24 | |
| Other Income | 84.12 | 68.12 | 78.57 | 229.35 | 946.45 | 7.71 | |
| Financial Charges | 5.74 | 2.84 | 3.88 | 55.56 | 789.99 | 1,415.09 | |
| Profit Before Tax | 185.7 | 283.49 | -72.18 | -518.81 | -535.74 | -2,983.62 | |
| Taxation | 68.24 | 12.03 | 54.21 | 22.93 | 81.73 | 1.18 | |
| Profit After Tax | 117.46 | 271.46 | -126.39 | -541.74 | -617.47 | -2,984.79 | |
| EPS - Basic (Rs) | Rs 0.14 | Rs 0.31 | Rs -0.15 | Rs -0.63 | Rs -2.42 | Rs -15.26 |
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 | 3.1% |
| Gross profit margin | 9.1% |
| EBIT margin | 4.2% |
Net profit margin
Net profit ÷ revenue · %
Financial Health
Coverage, leverage, and the strength of the balance sheet
Latest · FY25
| Ratio | Value |
|---|---|
| Current ratio | 4.85 |
| Quick ratio | 1.81 |
| Cash ratio | 0.67 |
| Asset turnover | 1.03x |
| Effective tax rate | 36.7% |
Current ratio
Current assets ÷ current liabilities
Market cap trajectory
Close × current shares outstanding · current Rs 3.65B
Valuation & Capital Returns
What the market is paying for FTMM, and what it returns to shareholders
Latest · FY25
| Ratio | Value |
|---|---|
| Price to earnings | 143.86x |
| Price to book | 1.32x |
| Price to sales | 1.04x |
Price to earnings
Period-end price ÷ EPS · times
Technical Analysis
Trading signal, moving averages, momentum, and key levels
10-day SMA (Rs 18.33) is below the 30-day SMA (Rs 18.94). RSI at 52 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 18.33 | -3.02% | Above |
| SMA 30 | Rs 18.94 | +0.23% | Below |
| SMA 60 | Rs 17.78 | -5.91% | Above |
| SMA 200 | Rs 16.79 | -11.19% | Above |
At 52, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.
- MACD-0.05
- Signal0.07
- Histogram-0.12
Leverage Insights
MTS, margin financing, futures open interest, and combined exposure
No leverage exposure reported
FTMM 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 05 Oct 2026
Price vs Settlement
Close price (left axis) · UIN settlement % (right axis)
About the Company
Business description, governance, and corporate information
First Treet Manufacturing Modaraba is a multipurpose, perpetual and multi dimensional Modaraba formed on 27 July 2005 under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and is managed by Treet Holdings Limited (a subsidiary of Treet Corporation Limited). The Modaraba is engaged in manufacture and sale of corrugated boxes, soaps and batteries.
Corporate Information
- RegistrarCorplink (Pvt) Limited Wings Arcade 1-K, Commercial, Model Town, Lahore
- AuditorM/s Kreston Hyder Bhimji & Co., Chartered Accountants
- Websitewww.ftmm.com.pk
- Address72-B, Kotlakhpat Industrial Area Lahore
- SectorModarabas
Key People
| Name | Role |
|---|---|
SSSyed Sheharyar Ali | CEO |
SSSyed Shahid Ali | Chairperson |
ZDZunaira Dar | Company Secretary |
Reports & Filings
Recent Announcements
Latest company filings as reported on PSX
Filings and disclosures from the PSX announcement feed
- 06 Oct 2026Report
- 06 Oct 2026Other
- 29 Sep 2026Financial Results
- 22 Sep 2026Board Meeting
- 08 Sep 2026Material Information
- 07 Sep 2026Material Information
- 14 May 2026Insider TradingDisclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations
- 11 May 2026Others
Peers in Modarabas
How the cohort is moving — same-sector stocks by market cap
FTMM vs Modarabas sector median
| Metric | FTMM | 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 → | 133.3x | 11.1x |
| Dividend YieldTrailing-12-month cash dividends ÷ share price. A high yield can signal income — or a falling price.Read the full guide → | 8.0% | 6.7% |
| Return on EquityNet profit ÷ shareholders' equity — how hard the company works each rupee investors have put in.Read the full guide → | 3.9% | 6.7% |
| 1-Year Return | -5.1% | +26.5% |
| Market CapitalisationShare price × total shares — the company's full market value, and the basis for index weightings.Read the full guide → | Rs 3.65B | Rs 704.55M |
Modarabas · sector heat
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Frequently Asked Questions
The most common questions investors ask about FTMM
FTMM last traded at Rs 18.90, up 5.70% on the day, within a 52-week range of Rs 11.14–23.75. Prices on this page refresh every 15 minutes during market hours; log in to BSL for live quotes.
First Treet Manufacturing Modaraba is a multipurpose, perpetual and multi dimensional Modaraba formed on 27 July 2005 under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and is managed by Treet Holdings Limit… See About the Company on this page for the full profile, management, and corporate information.
FTMM has paid Rs 1.50 per share in cash dividends over the trailing 12 months — a 8.0% yield at the last close. Review the payout history in the Dividends section and compare with the highest dividend yield stocks on PSX.
No upcoming payout is announced yet. The most recent was a payout of Rs 1.50 per share with book closure from 27 Nov 2025. New announcements appear on this page and on the PSX ex-dates calendar.
Yes — First Treet Manufacturing Modaraba is on the PSX's Shariah-compliant (KMI All Shares) list. Browse all Shariah-compliant PSX stocks.
FTMM trades at 133.3x earnings against a Modarabas median of 11.1x, with a 8.0% dividend yield versus 6.7%. The full comparison table and peer list are in the Peers section, or explore the Modarabas sector page.
Annual reports from FY2024 to FY2025 are linked under Reports & Filings in the About section of this page, sourced from official PSX submissions.
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