Trust Modaraba TRSM
Rs 13.60
Vol436,407Updated15:5012 Oct 2026
At a Glance
The headline take on TRSM — valuation, income, returns, and efficiency
Consolidated snapshot
Price & Performance
Closing prices across timeframes, returns, and range context
TRSM — 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 TRSM
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
TRSM's market capitalisation stands at Rs 414.82M as of 09 Oct 2026 — down 69.9% over the past 12 months (from Rs 1.38B).
Financial Statements
How TRSM's income and balance sheet have evolved
| PKR Millions | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | Trend |
|---|---|---|---|---|---|---|---|
| Net Sales / Revenue | 72.58 | 61.9 | 41.17 | 75.78 | 44.32 | 34.82 | |
| Operating Profit | 26.86 | 29.56 | — | 14.84 | 9.02 | 3.21 | |
| Other Income | 5.27 | 3.27 | 2.71 | 42.63 | 9.56 | 5.39 | |
| Profit Before Tax | 23.19 | 20.85 | 1.01 | 13.09 | 7.95 | 2.67 | |
| Taxation | 4.8 | 4.84 | 1.09 | 1.72 | 1.35 | 0.93 | |
| Profit After Tax | 18.39 | 20.85 | -0.07 | 11.37 | 6.61 | 1.73 | |
| EPS - Basic (Rs) | Rs 0.62 | Rs 0.71 | Rs 0.00 | Rs 0.38 | Rs 0.22 | Rs 0.06 |
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 | 25.3% |
| EBIT margin | 37.0% |
Net profit margin
Net profit ÷ revenue · %
Financial Health
Coverage, leverage, and the strength of the balance sheet
Latest · FY25
| Ratio | Value |
|---|---|
| Current ratio | 5.70 |
| Quick ratio | 0.69 |
| Cash ratio | 0.69 |
| Asset turnover | 0.18x |
| Effective tax rate | 20.7% |
Current ratio
Current assets ÷ current liabilities
Market cap trajectory
Close × current shares outstanding · current Rs 414.82M
Valuation & Capital Returns
What the market is paying for TRSM, and what it returns to shareholders
Latest · FY25
| Ratio | Value |
|---|---|
| Price to earnings | 30.42x |
| Price to book | 1.61x |
| Price to sales | 7.74x |
Price to earnings
Period-end price ÷ EPS · times
Technical Analysis
Trading signal, moving averages, momentum, and key levels
10-day SMA (Rs 13.48) is below the 30-day SMA (Rs 14.18). RSI at 46 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 13.48 | -0.90% | Above |
| SMA 30 | Rs 14.18 | +4.29% | Below |
| SMA 60 | Rs 16.29 | +19.79% | Below |
| SMA 200 | Rs 16.01 | +17.69% | Below |
At 46, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.
- MACD-0.59
- Signal-0.77
- Histogram+0.18
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 TRSM 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 09 Oct 2026
Price vs Settlement
Close price (left axis) · UIN settlement % (right axis)
About the Company
Business description, governance, and corporate information
Trust Modaraba was formed in Pakistan under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the rules framed thereunder and is being managed by Al-Zamin Modaraba Management (Private) Limited (AZMML). The Modaraba commenced its business operations on November 12, 1991. It is listed on Pakistan Stock Exchange. The Modaraba is perpetual, multi-purpose and multi-dimensional, engaged in the business of Murabaha, Musharakah and Ijarah financing, investment in marketable securities, trading and other permissible businesses.
Corporate Information
- RegistrarHameed Majeed Associates (Pvt) Ltd. 1st Floor HM House 7 Bank Square, Lahore.
- AuditorGrant Thornton Anjum Rahman. Chartered Accountants
- Websitewww.trustmodaraba.com
- Address104-106, Kassam Court, BC-9, Block-5, Clifton, Karachi, Pakistan
- SectorModarabas
- Financial Year EndJune
Key People
| Name | Role |
|---|---|
MYMuhammad Yasin | CEO |
MSMian Sheikh Arshad Farooq | Chairperson |
HAHamida Aqeel | 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
- 01 Oct 2026Other
- 01 Oct 2026Report
- 24 Sep 2026Financial Results
- 17 Sep 2026Board Meeting
- 17 Aug 2026Management Change
- 11 Aug 2026Material Information
- 29 Jul 2026Insider Trading
- 30 Jun 2026Others
Peers in Modarabas
How the cohort is moving — same-sector stocks by market cap
TRSM vs Modarabas sector median
| Metric | TRSM | 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 → | 22.4x | 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 → | 5.3% | 6.7% |
| 1-Year Return | -68.0% | +26.0% |
| Market CapitalisationShare price × total shares — the company's full market value, and the basis for index weightings.Read the full guide → | Rs 414.82M | Rs 703.87M |
Modarabas · sector heat
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Frequently Asked Questions
The most common questions investors ask about TRSM
TRSM last traded at Rs 13.60, down 2.30% on the day, within a 52-week range of Rs 8.00–71.65. Prices on this page refresh every 15 minutes during market hours; log in to BSL for live quotes.
Trust Modaraba was formed in Pakistan under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the rules framed thereunder and is being managed by Al-Zamin Modaraba Management (Private) Limited (AZMML). See About the Company on this page for the full profile, management, and corporate information.
TRSM 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 — Trust Modaraba is on the PSX's Shariah-compliant (KMI All Shares) list. Browse all Shariah-compliant PSX stocks.
TRSM trades at 22.4x 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 for FY2025 are linked under Reports & Filings in the About section of this page, sourced from official PSX submissions.
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