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Compare Watch

TRG

REDUCE

TRG Pakistan Limited

Technology & Communication · 0.36% of the KSE-100

Price

Rs 100.91

Market cap

Rs 16.4bn

12-month return

+18.5%

Rank

78 of 101

42composite

Rule-based40

ML ranker45

Conviction44

Why the engine ranks it here

TRG Pakistan Limited (TRG) screens poorly against the rest of the KSE-100, ranking 78 of 101 on a composite score of 42/100.

TRG Pakistan Limited sits in the Technology & Communication sector and scores best on valuation (53/100), weakest on profitability & earnings quality (26/100). At PKR 100.91 the shares trade on a P/E of 0.7x, 0.06x book, a 13.5% dividend yield. The Piotroski F-Score is 3 of 9 (weak) and the Altman Z''-Score is 7.94 (financially sound).

What it does well

TRG grew revenue 29.9% over the last year.

Growth

TRG offers a 139.4% earnings yield.

Valuation

TRG trades on 0.7x earnings, cheap against its sector.

Valuation

What holds it back

TRG converts profit to cash at only -1.14x.

Profitability & earnings quality

TRG free cash flow yield is -150.0%.

Valuation

TRG books 9.2% of assets as accruals, so profit is running ahead of cash.

Profitability & earnings quality

Risk flag: Piotroski F-Score of 3 or less.

Risk

What would change this view

→ margin recovery, and operating cash flow catching up with reported profit

Five-pillar breakdown

Each pillar scores the company against sector peers, where 50 is the sector average.

Profitability & earnings quality30% weight26

Valuation25% weight53

Balance-sheet strength20% weight39

Growth15% weight46

Price trend10% weight49

The classic screens

Piotroski tests nine accounting facts about improvement; Altman scores the distance from financial distress.

Piotroski F-Score

3 / 9

weak · 3 of 9 tests passed

Altman Z''-Score

7.94

safe zone · safe above 5.85

Profitable on assets

ROA 4.3%

Cash generative

CFO PKR -26,148m

Returns improving

ROA 4.3% vs 6.6% a year ago

Earnings backed by cash

CFO PKR -26,148m vs profit PKR 22,877m

Deleveraging

debt/assets 0.24 vs 0.13

Liquidity improving

current ratio 2.16 vs 2.60

Margin expanding

gross margin 19.7% vs 26.5%

Assets working harder

asset turnover 1.63x vs 1.53x

No shareholder dilution

163m shares vs 163m

Altman components

Working capital / assets0.303

Retained earnings / assets0.431

Operating profit / assets0.068

Equity / liabilities0.803

Sales / assets1.433

Risk flags

Hard rules that cap the composite score regardless of how the pillars read.

Piotroski F-Score of 3 or less

Price history

Weekly closes. Beta 0.88 against the index, annualised volatility 43%, RSI 43.

+224.4% over this window

Reported accounts

The last twelve quarters as filed, in PKR millions. The publication date is what the engine uses to decide when a figure became knowable.

Quarter	Revenue	Gross profit	Operating	Net income	EPS	Filed
2025 Q4	Rs 256.9bn	Rs 110.5bn	Rs 36.6bn	Rs 23.6bn	145.24	2026-04-30
2025 Q3	Rs 231.3bn	Rs 65.7bn	Rs 19.2bn	Rs 11.3bn	69.40	2025-11-14
2025 Q2	Rs 234.6bn	Rs 34.6bn	Rs 6.4bn	Rs 2.8bn	17.48	2025-08-14
2025 Q1	Rs 216.1bn	Rs 33.5bn	Rs 6.6bn	Rs 3.5bn	21.60	2025-05-15
2024 Q4	Rs 184.2bn	Rs 36.4bn	Rs 8.8bn	Rs 5.2bn	32.22	2025-04-30
2024 Q3	Rs 167.6bn	Rs 42.8bn	Rs 12.0bn	Rs 7.1bn	43.38	2024-11-14
2024 Q2	Rs 174.2bn	Rs 40.3bn	Rs 10.7bn	Rs 6.0bn	37.09	2024-08-14
2024 Q1	Rs 168.9bn	Rs 65.1bn	Rs 21.0bn	Rs 13.0bn	80.11	2024-05-15
2023 Q4	Rs 156.2bn	Rs 28.5bn	Rs 6.5bn	Rs 2.6bn	15.83	2024-04-29
2023 Q3	Rs 151.8bn	Rs 12.1bn	Rs -70m	Rs -2.3bn	-14.14	2023-11-14
2023 Q2	Rs 167.5bn	Rs 74.0bn	Rs 24.7bn	Rs 15.5bn	95.55	2023-08-14
2023 Q1	Rs 165.1bn	Rs 45.0bn	Rs 12.9bn	Rs 7.3bn	44.63	2023-05-15

Ranked against Technology & Communication

Every peer in the same sector, ordered by composite score. These are the companies whose ratios set this one's z-scores.

NETSOLNetSol Technologies7.1x69

SYSSystems Limited4.3x65

AVNAvanceon Limited1.1x62

PTCPakistan Telecommunication Company15.9x56

TPLPTPL Properties Limited0.4x56

AIRLINKAir Link Communication0.8x43

TRGTRG Pakistan Limited0.7x42

Scored as of 31 December 2025. Generated by an automated screen for research and educational use. Not investment advice, and not a substitute for a SECP-licensed adviser.