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Sector

Modarabas sector

20 companies in the Modarabas sector have financials on Smart Money, worth Rs 18.5 bn together at the latest close. Their latest annual reports add up to revenue of Rs 15.2 bn and profit of Rs 996.6 mn; 11 of the 20 were profitable. The median company trades at 17.1× earnings and 1.08× book value; the median dividend payer yields 4.3%. The largest is First Treet Manufacturing Modaraba (FTMM) at Rs 3.6 bn.

Companies
20
11 profitable
Market value
Rs 18.5 bn
at the close on 16 Oct 2026
Median P/E
17.1×
Median P/B 1.08×
Median dividend yield
4.3%
7 dividend payers
Median ROE
4.1%
Median net margin 4.6%

Sector leaders

Sector revenue and profit

Modarabas: combined revenue and profit by fiscal year Revenue Profit
Modarabas: combined revenue and profit by fiscal year Rs 16 bn -Rs 3 bn Revenue FY2017: Rs 6.9 bn Profit FY2017: Rs 659.4 mn FY2017 Revenue FY2018: Rs 7.8 bn Profit FY2018: Rs 224.1 mn FY2018 Revenue FY2019: Rs 10.5 bn Profit FY2019: -Rs 1.8 bn FY2019 Revenue FY2020: Rs 10.4 bn Profit FY2020: -Rs 2.5 bn FY2020 Revenue FY2021: Rs 12.1 bn Profit FY2021: Rs 512.0 mn FY2021 Revenue FY2022: Rs 10.5 bn Profit FY2022: Rs 349.4 mn FY2022 Revenue FY2023: Rs 13.9 bn Profit FY2023: Rs 939.3 mn FY2023 Revenue FY2024: Rs 16.0 bn Profit FY2024: Rs 1.3 bn FY2024 Revenue FY2025: Rs 15.4 bn Profit FY2025: Rs 1.4 bn FY2025 Revenue FY2026: Rs 15.0 bn Profit FY2026: Rs 1.4 bn FY2026

Sum of the companies reporting each fiscal year (fiscal years end in different months for different companies); years with fewer than half the sector reporting are left out.

Modarabas companies

Sorted by market value; select a column heading to sort.

Modarabas companies on PSX
FTMM Rs 18.60 Rs 3.6 bn 30.3× 1.29× 0.0% 4.1% 9.7% Rs 119.9 mn
FHAM Rs 27.57 Rs 3.1 bn 4.1× 0.49× 8.2% 12.4% -2.4% Rs 747.9 mn
SINDM Rs 49.00 Rs 2.5 bn 13.7× 0.79× 2.9% 6.3% 6.3% Rs 161.3 mn
PIM Rs 80.23 Rs 1.6 bn 106.7× 7.48× 0.9% 6.9% -31.1% Rs 15.0 mn
OLPM Rs 27.00 Rs 1.2 bn 7.6× 0.89× 9.3% 11.9% -20.0% Rs 160.7 mn
WASL Rs 6.76 Rs 1.1 bn — 1.19× 0.0% 1.9% 133.8% —
ORM Rs 12.08 Rs 906.0 mn 8.5× 0.59× 9.9% 7.0% 1.1% Rs 106.7 mn
FTSM Rs 34.65 Rs 733.3 mn 149.4× 2.69× 0.0% 1.4% -38.6% Rs 4.9 mn
FIMM Rs 233.34 Rs 700.0 mn 17.7× 2.62× 4.3% 14.7% -15.5% Rs 39.5 mn
FPJM Rs 20.30 Rs 690.6 mn — 0.45× 0.0% -19.8% -33.8% -Rs 172.9 mn
FEM Rs 12.20 Rs 639.8 mn — 1.04× 0.0% -28.8% — -Rs 232.2 mn
TRSM Rs 14.34 Rs 427.3 mn 37.6× 1.19× 0.0% 3.2% -12.6% Rs 11.4 mn
FFLM Rs 12.75 Rs 336.8 mn — 1.08× 0.0% -0.5% 51.3% -Rs 1.6 mn
FIBLM Rs 15.40 Rs 334.0 mn 16.4× 1.34× 0.0% 11.6% 3.1% Rs 26.8 mn
FANM Rs 10.15 Rs 234.5 mn — 0.92× 0.0% -1.1% -19.5% -Rs 2.8 mn
FECM Rs 18.95 Rs 214.9 mn — 1.57× 0.0% -5.1% 14.9% -Rs 7.0 mn
FPRM Rs 13.19 Rs 191.1 mn 10.1× 0.67× 0.0% 9.0% -7.5% Rs 23.5 mn
FNBM Rs 0.64 Rs 16.0 mn — — 0.0% — -19.8% -Rs 4.4 mn
BFMOD Rs 22.00 — 46.8× — 2.3% — -80.0% —
UCAPM Rs 12.06 — — — 0.0% — 1.0% -Rs 366,291

Compare Modarabas companies

Modarabas sector: frequently asked questions

What is the P/E ratio of the Modarabas sector?

The median P/E of Modarabas companies on the Pakistan Stock Exchange is 17.1× at the latest close, counting only companies with positive earnings.

Which is the largest Modarabas company on PSX?

First Treet Manufacturing Modaraba (FTMM) is the largest by market value, at Rs 3.6 bn.

Which Modarabas stock has the highest dividend yield?

Orient Rental Mod (ORM) has the highest yield in the sector, 9.9%, based on its last annual dividend of Rs 1.20 per share and the latest close.

Which Modarabas company is the most profitable?

First Habib Modaraba (FHAM) reported the largest profit in its latest annual results, Rs 747.9 mn for FY2026.

How many Modarabas companies are listed on PSX?

Smart Money has financial statements for 20 Modarabas companies listed on the Pakistan Stock Exchange.

Information only, not investment advice.