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Smart Money

Modarabas

FPRM First Paramount Modaraba

Latest results: FY2025 · Jun 2025 Q3 FY2026 · Jan – Mar 2026

Last close · 16 Oct 2026

Rs 12.93 -2.05%

Annual · FY2017 – FY2025

First Paramount Modaraba (FPRM) financial ratios

First Paramount Modaraba earned a net margin of 24.2% in FY2025 against a five-year average of 12.7% (Modarabas median 4.6%). Return on equity was 9.0%, compared with a sector median of 4.1%. The current ratio stood at 4.58× and debt was 63.4% of equity. Cash took about 1,023 days to cycle through receivables, inventory and payables.

FY2025 vs the Modarabas median

Net margin
24.2%
Sector median 4.6%
Return on equity (ROE)
9.0%
Sector median 4.1%
Return on assets (ROA)
4.8%
Sector median 1.9%
Debt to equity
63.4%
Sector median 38.5%
Dividend payout ratio
0.0%
Sector median 37.6%

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

FPRM financial ratios (annual) (Rs mn)
Rs mn 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
Profitability
Pre-tax margin 31.8% 37.9% 3.7% 4.9% 7.1%
Net margin 24.2% 27.0% 2.0% 3.2% 7.1%
Effective tax rate 23.8% 28.8% 44.5% 34.1% 0.0%
Returns
Return on equity (ROE) 9.0% 12.0% 3.0% 4.7% 3.7%
Return on assets (ROA) 4.8% 6.1% 1.4% 2.2% 1.7%
Leverage
Debt to equity 63.4% 67.4% 75.6% 82.6% 84.1%
Debt to capital 38.8% 40.3% 43.1% 45.2% 45.7%
Debt to assets 34.0% 35.5% 36.9% 38.1% 38.7%
Assets to equity 1.88× 1.97× 2.11× 2.17× 2.16×
Dividends
Dividend payout ratio 0.0% 0.0% 0.0% 62.3% 62.6%
Earnings retention rate 1.00× 1.00× 1.00× 0.38× 0.37×

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.

FPRM: frequently asked questions

What is FPRM's EPS?

First Paramount Modaraba reported basic earnings per share of Rs 1.63 for FY2025 (Jul 2024 – Jun 2025). Over the trailing twelve months (TTM to Mar 2026) EPS was Rs 1.31.

What is FPRM's P/E ratio?

At the closing price of Rs 12.93 on 16 Oct 2026, FPRM trades at a P/E of 9.9× based on EPS of Rs 1.31 (TTM to Mar 2026).

Does FPRM pay dividends?

First Paramount Modaraba did not declare a cash dividend for FY2025.

What was FPRM's revenue and profit in FY2025?

First Paramount Modaraba reported revenue of Rs 97.3 mn and profit attributable to shareholders of Rs 23.5 mn for FY2025 (Jul 2024 – Jun 2025).

What is FPRM's book value per share?

First Paramount Modaraba's book value per share was Rs 18.87 at the end of FY2025. The shares trade at 0.66× book value.

Information only, not investment advice.