FECM First Elite Capital Modaraba

First Elite Capital Modaraba (FECM) financial ratios

First Elite Capital Modaraba earned a net margin of -15.3% in FY2026 against a five-year average of 4.4% (Modarabas median 4.6%). Return on equity was -5.1%, compared with a sector median of 4.1%. The current ratio stood at 1.51× and debt was — of equity. Cash took about 6 days to cycle through receivables, inventory and payables.

FY2026 vs the Modarabas median

Net margin: -15.3%; Sector median 4.6%
Return on equity (ROE): -5.1%; Sector median 4.1%
Return on assets (ROA): -3.0%; Sector median 1.9%

Median of the 20 companies in the sector with the figure for their latest fiscal year.

FECM financial ratios (annual) (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 * Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017
Profitability
Pre-tax margin	(15.8%)	11.7%	69.8%	(18.5%)	(18.5%)	11.2%	(13.2%)	(8.6%)	10.1%	(4.7%)
Net margin	(15.3%)	11.7%	66.6%	(20.9%)	(20.1%)	8.9%	(13.8%)	(9.6%)	10.1%	(5.5%)
Effective tax rate	—	0.0%	4.6%	—	—	20.8%	—	—	0.0%	—
Returns
Return on equity (ROE)	(5.1%)	3.6%	22.0%	(7.4%)	(6.8%)	3.9%	(4.8%)	(3.6%)	3.7%	—
Return on assets (ROA)	(3.0%)	2.2%	13.0%	(4.3%)	(4.1%)	2.3%	(2.9%)	(2.3%)	2.5%	—
Leverage
Assets to equity	1.71×	1.68×	1.70×	1.72×	1.66×	1.67×	1.65×	1.55×	1.49×	—
Dividends
Dividend payout ratio	—	0.0%	0.0%	—	—	0.0%	—	—	0.0%	—
Earnings retention rate	—	1.00×	1.00×	—	—	1.00×	—	—	1.00×	—

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

FECM: frequently asked questions

What is FECM's EPS?

First Elite Capital Modaraba reported basic earnings per share of Rs -0.62 for FY2026 (Jul 2025 – Jun 2026).

Does FECM pay dividends?

First Elite Capital Modaraba did not declare a cash dividend for FY2026.

What was FECM's revenue and profit in FY2026?

First Elite Capital Modaraba reported revenue of Rs 46.0 mn and profit attributable to shareholders of -Rs 7.0 mn for FY2026 (Jul 2025 – Jun 2026).

What is FECM's book value per share?

First Elite Capital Modaraba's book value per share was Rs 12.07 at the end of FY2026. The shares trade at 1.54× book value.

Information only, not investment advice.