Reported Earnings • Apr 30
Third quarter 2026 earnings released: EPS: PK₨0.28 (vs PK₨0.69 in 3Q 2025) Third quarter 2026 results: EPS: PK₨0.28 (down from PK₨0.69 in 3Q 2025). Revenue: PK₨615.1m (flat on 3Q 2025). Net income: PK₨20.8m (down 60% from 3Q 2025). Profit margin: 3.4% (down from 8.5% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. 공시 • Apr 20
Orient Rental Modaraba to Report Q3, 2026 Results on Apr 28, 2026 Orient Rental Modaraba announced that they will report Q3, 2026 results on Apr 28, 2026 Buy Or Sell Opportunity • Mar 09
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to PK₨9.65. The fair value is estimated to be PK₨12.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 3.4%. Reported Earnings • Feb 23
Second quarter 2026 earnings released: EPS: PK₨0.29 (vs PK₨0.70 in 2Q 2025) Second quarter 2026 results: EPS: PK₨0.29 (down from PK₨0.70 in 2Q 2025). Revenue: PK₨614.8m (down 3.4% from 2Q 2025). Net income: PK₨21.9m (down 58% from 2Q 2025). Profit margin: 3.6% (down from 8.2% in 2Q 2025). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.6% Last year net profit margin: 9.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (PK₨872.3m market cap, or US$3.12m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.6% net profit margin). 공시 • Feb 09
Orient Rental Modaraba to Report First Half, 2026 Results on Feb 17, 2026 Orient Rental Modaraba announced that they will report first half, 2026 results on Feb 17, 2026 Buy Or Sell Opportunity • Jan 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to PK₨12.89. The fair value is estimated to be PK₨16.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 8.2%. Reported Earnings • Oct 30
First quarter 2026 earnings released: EPS: PK₨0.39 (vs PK₨0.67 in 1Q 2025) First quarter 2026 results: EPS: PK₨0.39 (down from PK₨0.67 in 1Q 2025). Revenue: PK₨612.0m (up 4.0% from 1Q 2025). Net income: PK₨29.0m (down 42% from 1Q 2025). Profit margin: 4.7% (down from 8.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Oct 09
Upcoming dividend of PK₨1.20 per share Eligible shareholders must have bought the stock before 16 October 2025. Payment date: 17 November 2025. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 8.6%. Within top quartile of Pakistani dividend payers (7.4%). Higher than average of industry peers (2.7%). New Risk • Sep 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (24% accrual ratio). Market cap is less than US$10m (PK₨1.19b market cap, or US$4.23m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Sep 25
Full year 2025 earnings released: EPS: PK₨2.85 (vs PK₨2.91 in FY 2024) Full year 2025 results: EPS: PK₨2.85 (down from PK₨2.91 in FY 2024). Revenue: PK₨2.46b (up 16% from FY 2024). Net income: PK₨214.0m (down 2.0% from FY 2024). Profit margin: 8.7% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (26% accrual ratio). Market cap is less than US$10m (PK₨667.5m market cap, or US$2.38m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.6% average weekly change). Reported Earnings • Mar 01
Second quarter 2025 earnings released: EPS: PK₨0.70 (vs PK₨0.60 in 2Q 2024) Second quarter 2025 results: EPS: PK₨0.70 (up from PK₨0.60 in 2Q 2024). Revenue: PK₨637.4m (up 25% from 2Q 2024). Net income: PK₨52.2m (up 15% from 2Q 2024). Profit margin: 8.2% (down from 8.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year. New Risk • Nov 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (27% accrual ratio). Market cap is less than US$10m (PK₨591.0m market cap, or US$2.13m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Reported Earnings • Oct 30
First quarter 2025 earnings released: EPS: PK₨0.67 (vs PK₨0.62 in 1Q 2024) First quarter 2025 results: EPS: PK₨0.67 (up from PK₨0.62 in 1Q 2024). Revenue: PK₨588.5m (up 21% from 1Q 2024). Net income: PK₨50.3m (up 7.4% from 1Q 2024). Profit margin: 8.6% (down from 9.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Oct 09
Upcoming dividend of PK₨1.20 per share Eligible shareholders must have bought the stock before 16 October 2024. Payment date: 15 November 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 15%. Within top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (3.0%). 공시 • Sep 24
Orient Rental Modaraba, Annual General Meeting, Oct 25, 2024 Orient Rental Modaraba, Annual General Meeting, Oct 25, 2024. Location: at the registerd office of the modaraba, Pakistan Reported Earnings • Sep 22
Full year 2024 earnings released: EPS: PK₨2.91 (vs PK₨2.50 in FY 2023) Full year 2024 results: EPS: PK₨2.91 (up from PK₨2.50 in FY 2023). Revenue: PK₨2.12b (up 21% from FY 2023). Net income: PK₨218.4m (up 17% from FY 2023). Profit margin: 10% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Sep 20
Now 33% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to PK₨7.98. The fair value is estimated to be PK₨5.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 12%. Upcoming Dividend • Oct 10
Upcoming dividend of PK₨1.00 per share at 16% yield Eligible shareholders must have bought the stock before 17 October 2023. Payment date: 17 November 2023. Trailing yield: 16%. Within top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (3.1%). 공시 • Jul 21
Orient Rental Modaraba Appoints Mr. Azhar Iqbal as Director Orient Rental Modaraba has announced the appointment of Mr. Azhar Iqbal as a Director to fill a casual vacancy in the company's Board of Directors. The appointment comes following the unfortunate demise of Mr. Giasuddin Khan. The decision was made by the Board of Directors of EMAN Management (Private) Limited, the Management Company of Orient Rental Modaraba. However, the appointment of Mr. Azhar Iqbal is subject to the approval of the Securities and Exchange Commission of Pakistan (SECP). Board Change • Jul 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Chairman of the Board Chaudhry Iqbal was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Chairman of the Board Chaudhry Iqbal was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 05
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Chairman of the Board Chaudhry Iqbal was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Chairman of the Board Chaudhry Iqbal was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Chairman of the Board Chaudhry Iqbal was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 02
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Chairman of the Board Chaudhry Iqbal was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. CEO & Director Teizoon Kisat was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨5.75, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 12x in the Trade Distributors industry in Asia. Total loss to shareholders of 18% over the past three years. Reported Earnings • Nov 02
First quarter 2022 earnings released: EPS PK₨0.46 (vs PK₨0.28 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: PK₨381.2m (up 28% from 1Q 2021). Net income: PK₨34.8m (up 67% from 1Q 2021). Profit margin: 9.1% (up from 7.0% in 1Q 2021). The increase in margin was driven by higher revenue. Upcoming Dividend • Oct 08
Upcoming dividend of PK₨1.00 per share Eligible shareholders must have bought the stock before 15 October 2021. Payment date: 16 November 2021. Trailing yield: 13%. Within top quartile of Pakistani dividend payers (10%). Higher than average of industry peers (2.9%). Reported Earnings • Sep 25
Full year 2021 earnings released: EPS PK₨2.09 (vs PK₨0.40 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨1.35b (up 16% from FY 2020). Net income: PK₨156.5m (up 416% from FY 2020). Profit margin: 12% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year. Executive Departure • Aug 03
Acting Chief Financial Officer Muhammad Farukh has left the company On the 23rd of July, Muhammad Farukh's tenure as Acting Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Muhammad's name. A total of 3 executives have left over the last 12 months. Executive Departure • Jun 08
Chief Financial Officer Abid Awan has left the company On the 31st of May, Abid Awan's tenure as Chief Financial Officer ended. We don't have any record of a personal shareholding under Abid's name. A total of 2 executives have left over the last 12 months. Reported Earnings • May 02
Third quarter 2021 earnings released: EPS PK₨0.34 (vs PK₨0.014 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨341.1m (up 11% from 3Q 2020). Net income: PK₨25.4m (up PK₨24.4m from 3Q 2020). Profit margin: 7.5% (up from 0.3% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 01
Second quarter 2021 earnings released: EPS PK₨0.59 (vs PK₨0.07 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨356.1m (up 11% from 2Q 2020). Net income: PK₨44.4m (up PK₨39.2m from 2Q 2020). Profit margin: 13% (up from 1.6% in 2Q 2020). Is New 90 Day High Low • Dec 30
New 90-day high: PK₨7.50 The company is up 15% from its price of PK₨6.51 on 01 October 2020. The Pakistani market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 9.0% over the same period. Reported Earnings • Oct 30
First quarter earnings released Over the last 12 months the company has reported total profits of PK₨36.9m, down 60% from the prior year. Total revenue was PK₨1.16b over the last 12 months, down 8.1% from the prior year. Reported Earnings • Oct 08
Full year earnings released - EPS PK₨0.40 Over the last 12 months the company has reported total profits of PK₨30.3m, down 71% from the prior year. Total revenue was PK₨1.16b over the last 12 months, down 8.9% from the prior year. Profit margins were 2.6%, which is lower than the 8.1% margin from last year. The decrease in margin was driven by lower revenue. Reported Earnings • Oct 01
Full year earnings released - EPS PK₨0.40 Over the last 12 months the company has reported total profits of PK₨30.3m, down 71% from the prior year. Total revenue was PK₨1.16b over the last 12 months, down 8.9% from the prior year. Profit margins were 2.6%, which is lower than the 8.1% margin from last year. The decrease in margin was driven by lower revenue.