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Sindh Modaraba SINDM

Market closed

Rs 23.49

+0.85 (+3.75%)

Vol19,684Updated10:3029 Jul 2026

01At a Glance

The headline take on SINDM — valuation, income, returns, and efficiency

Consolidated snapshot

Sindh Modaraba (SINDM) is a Modarabas company listed on the Pakistan Stock Exchange. As of 29 Jul 2026, SINDM last traded at Rs 23.49 (+3.75% on the day) with a market cap of Rs 1.06B and a free float of 10.0%. Over the last 12 months the stock has returned +74.0%. Cash dividends declared over the trailing 12 months total Rs 1.35/share (yield 5.8%). The stock trades at a P/E of 5.9x.

Prices through 29 Jul 2026 · FY data through FY25 · Quarterly through Mar-26

5.9x
Rs 4.00
1Y Return
+74.0%
Rs 1.06B

02Price & Performance

Closing prices across timeframes, returns, and range context

SINDM — Price History

Daily closing series · toggle period below

1M Return+3.5%
3M Return+4.6%
6M Return-27.5%
1Y Return+74.0%
Day's Range99% of range
Rs 23.49
LowRs 22.75
HighRs 23.50
52-Week Range39% of range
Rs 23.49
LowRs 12.00
HighRs 41.25

03Key Metrics

Valuation, profitability, structure, and risk in one grid

5.9xTrailing annual EPS
Rs 4.00Latest annual · basic
0.53xBook Rs 44.26
5.75%Rs 1.35/sh trailing 12m
0.71Lower than market
Rs 1.06BSmall cap
10.0%5M shares
0.50Moderate leverage
9.0%Latest annual
Rs 10Per share

04Dividend History & Yield

Payout track record, yield trend, and upcoming distribution

SINDM has paid Rs 1.35 per share in cash dividends over the trailing 12 months — a 5.8% yield at the last close. Its most recent payout was Rs 1.35/share, announced 19 Sept 2025 with book closure from 17 Oct 2025.

Latest Payout

Per Share
Rs 1.35
Trailing Yield
5.75%
Payout Ratio
Announced
19 Sept 2025

Dividend Per Share Trend

Not enough history for a trend yet — see the payout table below.

Payout History

Source: PSX company payouts

AnnouncedFor PeriodTypeAmountBook Closure
19 Sept 202530 Jun 2025 (YR)CashRs 1.35(13.5%)17 Oct 2025 – 24 Oct 2025

05Financials & Earnings

Income, balance sheet, and key ratios from published accounts

SINDM's market capitalisation stands at Rs 1.06B as of 29 Jul 2026 up 74.0% over the past 12 months (from Rs 607.50M).

Financial Statements

How OGDC's income and balance sheet have evolved

PKR MillionsFY25FY24FY23FY22FY21FY20Trend
Net Sales / Revenue341.8407.34279.66167.02138.24188.07
Administrative Expenses87.4464.57
Other Income7.970.69
Profit Before Tax236.38306.49194.58100.6975.82107.88
Taxation56.27105.16
Profit After Tax180.11201.33130.4166.3175.82107.88
EPS - Basic (Rs)Rs 4.00Rs 4.47Rs 2.90Rs 1.47Rs 1.68Rs 2.40

All figures in PKR millions from published accounts.

Profitability & Returns

Margins, returns on capital, and earnings per share

Latest · FY25

RatioValue
Net profit margin52.7%

Net profit margin

Net profit ÷ revenue · %

0.0%14.3%28.7%43.0%57.4%57.4%FY2054.8%FY2139.7%FY2246.6%FY2349.4%FY2452.7%FY25Period
Earlier periodsLatest period

Financial Health

Coverage, leverage, and the strength of the balance sheet

Latest · FY24

RatioValue
Current ratio21.39
Asset turnover0.21x
Effective tax rate34.3%

Current ratio

Current assets ÷ current liabilities

0.009.3518.7028.0537.3912.24FY2037.39FY2130.38FY2222.92FY2321.39FY24Period
Earlier periodsLatest period

Market cap trajectory

Close × current shares outstanding · current Rs 1.06B

Rs 1.70BRs 1.19BRs 692.39MRs 191.00MJul 25Sept 25Nov 25Jan 26Mar 26May 26Rs 1.06B

Valuation & Capital Returns

What the market is paying for SINDM, and what it returns to shareholders

Latest · FY25

RatioValue
Price to earnings8.90x
Price to book0.80x
Price to sales4.69x

Price to earnings

Period-end price ÷ EPS · times

0.00x2.23x4.45x6.68x8.90x3.63xFY204.46xFY214.76xFY222.86xFY232.23xFY248.90xFY25Period
Earlier periodsLatest period

06Technical Analysis

Trading signal, moving averages, momentum, and key levels

Trading Signal
SELL

10-day SMA (Rs 22.96) is below the 30-day SMA (Rs 23.25). RSI at 52 sits in the neutral band.

As of29 Jul 2026

PeriodValuevs CurrentPosition
SMA 10Rs 22.96-2.24%Above
SMA 30Rs 23.26-1.00%Above
SMA 60Rs 22.83-2.81%Above
SMA 200Rs 22.79-2.99%Above
52Neutral
0 · Oversold305070100 · Overbought

At 52, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.

MACD
Bearish Cross
  • MACD-0.01
  • Signal0.03
  • Histogram-0.04
R2Resistance 2
Rs 30.93
31.7%
R1Resistance 1
Rs 27.21
15.8%
NOWCurrent
Rs 23.49
S1Support 1
Rs 20.40
-13.2%
S2Support 2
Rs 17.31
-26.3%

07Leverage Insights

MTS, margin financing, futures open interest, and combined exposure

No leverage exposure reported

SINDM 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.

08Settlement Insights

UIN-wise settlement concentration and price context

Metrics and charts over the selected trailing window

Latest UIN %72.53%Most recent print
Average · 3M86.49%Mean over window
Change · 3M-21.54%First → last
Range · 3M50.6–100.0%Low–high

Settlement % Trajectory

Solid = UIN settlement % · Dashed = 14-session EMA

As of 16 Jul 2026

Price vs Settlement

Close price (left axis) · UIN settlement % (right axis)

09Share Structure & Capital

Float composition, capital base, and enterprise value

Free float · 10.0%Non-float · 90.0%

Free float vs locked-in holdings

Paid-Up CapitalRs 450.00M
Total Shares45M
5M
10.0%
Year EndJun
Enterprise ValueRs 1.69B

10About the Company

Business description, governance, and corporate information

Sindh Modaraba has been floated under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and is managed by Sindh Modaraba Management Limited. The Modaraba is a perpetual, multi-purpose and multi-dimensional Modaraba and is primarily engaged in providing Shariah compliant financing facilities to credit worthy customers.

Shariah CompliantModarabas

Corporate Information

  • RegistrarF.D. Registrar Services (SMC-Pvt.) Ltd. Office # 1705, 17th Floor, Saima Trade Tower-A I.I. Chundrigarh Road, Karachi
  • AuditorGrant Thornton Anjum Rahman Chartered Accountants
  • Websitewww.sindhmodarabaltd.com
  • Address1st Floor, Imperial Court, Dr. Ziauddin Ahmed Road Karachi,Pakistan.
  • SectorModarabas
  • Financial Year EndJune

Key People

NameRole
ARAbdul Rauf Chandio
CEO
WMWaseem Mehdi Syed
Chairperson
MAMuhammad Adnan Shakeel
Company Secretary

11Recent Announcements

Latest company filings as reported on PSX

Filings and disclosures from the PSX announcement feed

12Peers in Modarabas

How the cohort is moving — same-sector stocks by market cap

SINDM vs Modarabas sector median

Median across 21 sector constituents · nulls excluded per metric

MetricSINDMSector median
5.9x21.1x
5.8%6.6%
9.0%5.3%
1-Year Return+74.0%+33.7%
Rs 1.06BRs 595.70M

13Frequently Asked Questions

The most common questions investors ask about SINDM

Frequently Asked Questions

SINDM closed at Rs 23.49 on 29 Jul 2026, up 3.75% on the day, within a 52-week range of Rs 12.00–41.25. Prices on this page refresh through the trading day; log in to BSL for live quotes.

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