First Tri-Star Modaraba FTSM
Rs 41.44
Vol112,694Updated15:4912 Oct 2026
At a Glance
The headline take on FTSM — valuation, income, returns, and efficiency
Consolidated snapshot
Price & Performance
Closing prices across timeframes, returns, and range context
FTSM — 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 FTSM
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
FTSM's market capitalisation stands at Rs 974.35M as of 09 Oct 2026 — up 222.9% over the past 12 months (from Rs 301.79M).
Financial Statements
How FTSM's income and balance sheet have evolved
| PKR Millions | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | Trend |
|---|---|---|---|---|---|---|---|
| Net Sales / Revenue | 37.57 | 34.83 | 42.6 | 28.04 | 39.36 | 26.76 | |
| Administrative Expenses | 56.78 | 33.07 | 33.81 | 28.68 | 23.95 | 24.7 | |
| Operating Profit | -13.61 | 0.58 | — | — | — | — | |
| Other Income | 7.71 | 0.74 | 351.02 | 1.5 | 0.11 | 0.51 | |
| Financial Charges | 2.11 | 1.91 | 0 | 0 | 0 | 0 | |
| Profit Before Tax | -15.2 | 0.51 | 356.42 | 0.76 | 13.49 | 2.27 | |
| Taxation | 0.17 | 1.15 | 2.25 | 0.35 | 0 | 0 | |
| Profit After Tax | -15.03 | 1.66 | 354.17 | 0.41 | 13.49 | 2.27 | |
| EPS - Basic (Rs) | Rs -0.71 | Rs 0.08 | Rs 16.74 | Rs 0.02 | Rs 0.64 | Rs 0.11 |
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 | -40.0% |
| EBIT margin | -36.2% |
Net profit margin
Net profit ÷ revenue · %
Financial Health
Coverage, leverage, and the strength of the balance sheet
Latest · FY24
| Ratio | Value |
|---|---|
| Current ratio | 0.74 |
| Quick ratio | 0.02 |
| Cash ratio | 0.02 |
| Asset turnover | 0.06x |
| Effective tax rate | 225.5% |
Current ratio
Current assets ÷ current liabilities
Market cap trajectory
Close × current shares outstanding · current Rs 974.35M
Valuation & Capital Returns
What the market is paying for FTSM, and what it returns to shareholders
Latest · FY24
| Ratio | Value |
|---|---|
| Price to earnings | 180.25x |
| Price to book | 0.68x |
| Price to sales | 8.76x |
Price to earnings
Period-end price ÷ EPS · times
Technical Analysis
Trading signal, moving averages, momentum, and key levels
10-day SMA (Rs 42.66) is above the 30-day SMA (Rs 41.93). RSI at 55 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 42.66 | +2.95% | Below |
| SMA 30 | Rs 41.93 | +1.18% | Below |
| SMA 60 | Rs 41.95 | +1.22% | Below |
| SMA 200 | Rs 30.85 | -25.57% | Above |
At 55, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.
- MACD-0.09
- Signal-0.27
- Histogram+0.18
Leverage Insights
MTS, margin financing, futures open interest, and combined exposure
No leverage exposure reported
FTSM 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 12 Oct 2026
Price vs Settlement
Close price (left axis) · UIN settlement % (right axis)
About the Company
Business description, governance, and corporate information
First Tri-Star Modaraba was formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Rules framed thereunder and is managed by A.R.T. Modaraba Management (Private) Ltd. It is a perpetual, multipurpose and multidimensional Modaraba
Corporate Information
- RegistrarHameed Majeed Associates (Pvt.) Ltd Shares Department, HM House, 7 - Bank Square, Lahore
- AuditorM/s. Crowe Hussain Chaudhury & Co. Chartered Accountants
- Websitewww.firsttristar.com
- AddressA/33, Central Commercial Area, Block 7/8, KCHSU, Main Shahrah-e-Faisal, Karachi
- SectorModarabas
Key People
| Name | Role |
|---|---|
AAAsad Ahmad | CEO |
MAMarium Ahmad | Chairperson |
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
- 07 Oct 2026Other
- 06 Oct 2026Report
- 02 Oct 2026Financial Results
- 25 Sep 2026Board MeetingBoard Meeting
- 24 Aug 2026Material Information
- 19 Aug 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
- 01 Jul 2026Others
- 30 Apr 2026Financial Results
Peers in Modarabas
How the cohort is moving — same-sector stocks by market cap
FTSM vs Modarabas sector median
| Metric | FTSM | 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 → | — | 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 → | -3.4% | 6.7% |
| 1-Year Return | +227.0% | +26.0% |
| Market CapitalisationShare price × total shares — the company's full market value, and the basis for index weightings.Read the full guide → | Rs 974.35M | Rs 703.87M |
Modarabas · sector heat
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Frequently Asked Questions
The most common questions investors ask about FTSM
FTSM last traded at Rs 41.44, down 9.99% on the day, within a 52-week range of Rs 11.52–65.08. Prices on this page refresh every 15 minutes during market hours; log in to BSL for live quotes.
First Tri-Star Modaraba was formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Rules framed thereunder and is managed by A.R.T. See About the Company on this page for the full profile, management, and corporate information.
FTSM 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 Tri-Star 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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