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Security Papers Limited SEPL

Market closed

Rs 142.02

-0.24 (-0.17%)

Vol6,480Updated10:3029 Jul 2026

01At a Glance

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

Consolidated snapshot

Security Papers Limited (SEPL) is a Paper, Board & Packaging company listed on the Pakistan Stock Exchange. As of 29 Jul 2026, SEPL last traded at Rs 142.02 (-0.17% on the day) with a market cap of Rs 8.42B and a free float of 40.0%. Over the last 12 months the stock has returned -17.9%. Cash dividends declared over the trailing 12 months total Rs 9.00/share (yield 6.3%). The stock trades at a P/E of 5.5x.

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

5.5x
Rs 25.72
1Y Return
-17.9%
Rs 8.42B

02Price & Performance

Closing prices across timeframes, returns, and range context

SEPL — Price History

Daily closing series · toggle period below

1M Return-5.0%
3M Return-5.3%
6M Return-30.2%
1Y Return-17.9%
Day's Range38% of range
Rs 142.02
LowRs 140.51
HighRs 144.45
52-Week Range14% of range
Rs 142.02
LowRs 128.05
HighRs 227.89

03Key Metrics

Valuation, profitability, structure, and risk in one grid

5.5xTrailing annual EPS
Rs 25.72Latest annual · basic
0.94xBook Rs 151.89
6.34%Rs 9.00/sh trailing 12m
0.78Lower than market
Rs 8.42BSmall cap
40.0%24M shares
0.00Low leverage
17.7%Latest annual
Rs 10Per share

04Dividend History & Yield

Payout track record, yield trend, and upcoming distribution

SEPL has paid Rs 9.00 per share in cash dividends over the trailing 12 months — a 6.3% yield at the last close. Its most recent payout was Rs 9.00/share, announced 30 Jul 2025 with book closure from 20 Sept 2025. Annual dividend-per-share history back to 2016 is charted below.

Latest Payout

Per Share
Rs 9.00
Trailing Yield
6.34%
Payout Ratio
Announced
30 Jul 2025

Dividend Per Share Trend

2021
Rs 9.00
2022
Rs 10.00
2023
Rs 11.00
2024
Rs 12.50
2025
Rs 11.50

Payout History

Source: PSX company payouts

AnnouncedFor PeriodTypeAmountBook Closure
30 Jul 202530 Jun 2025 (YR)CashRs 9.00(90%)20 Sept 2025 – 26 Sept 2025

05Financials & Earnings

Income, balance sheet, and key ratios from published accounts

SEPL's market capitalisation stands at Rs 8.42B as of 29 Jul 2026 down 18.1% over the past 12 months (from Rs 10.28B).

Financial Statements

How OGDC's income and balance sheet have evolved

PKR MillionsFY25FY24FY23FY22FY21FY20Trend
Net Sales / Revenue7,8717,3125,7955,1475,0024,901
Cost of Sales5,6675,2644,2763,4983,1193,005
Gross Profit2,2042,0481,5181,6501,8831,896
Administrative Expenses502472394350317298
Operating Profit1,7021,5761,1241,3001,5661,598
EBITDA2,0021,8001,3361,5321,7681,795
Other Income9161,013678374590360
Financial Charges367444
Profit Before Tax2,4142,3931,5441,3981,9961,802
Taxation890903576449538525
Profit After Tax1,5241,4909679491,4581,276
EPS - Basic (Rs)Rs 25.72Rs 25.12Rs 16.33Rs 16.02Rs 24.61Rs 21.54

All figures in PKR millions from published accounts.

Profitability & Returns

Margins, returns on capital, and earnings per share

Latest · FY25

RatioValue
Net profit margin19.4%
Gross profit margin28.0%
EBITDA margin25.4%
EBIT margin21.6%

Net profit margin

Net profit ÷ revenue · %

0.0%7.3%14.6%21.9%29.1%26.0%FY2029.1%FY2118.4%FY2216.7%FY2320.4%FY2419.4%FY25Period
Earlier periodsLatest period

Financial Health

Coverage, leverage, and the strength of the balance sheet

Latest · FY25

RatioValue
Effective tax rate36.9%

Effective tax rate

Taxation ÷ profit before tax · %

0.0%9.4%18.9%28.3%37.7%29.1%FY2027.0%FY2132.1%FY2237.3%FY2337.7%FY2436.9%FY25Period
Earlier periodsLatest period

Market cap trajectory

Close × current shares outstanding · current Rs 8.42B

Rs 13.20BRs 9.30BRs 5.39BRs 1.49BJul 25Sept 25Nov 25Jan 26Mar 26May 26Rs 8.42B

Valuation & Capital Returns

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

Latest · FY25

RatioValue
Price to earnings6.15x
Price to sales1.19x

Price to earnings

Period-end price ÷ EPS · times

0.00x2.06x4.11x6.17x8.22x8.22xFY204.87xFY215.84xFY228.22xFY236.49xFY246.15xFY25Period
Earlier periodsLatest period

06Technical Analysis

Trading signal, moving averages, momentum, and key levels

Trading Signal
SELL

10-day SMA (Rs 142.98) is below the 30-day SMA (Rs 147.36). RSI at 42 sits in the neutral band.

As of29 Jul 2026

PeriodValuevs CurrentPosition
SMA 10Rs 142.98+0.68%Below
SMA 30Rs 147.36+3.76%Below
SMA 60Rs 145.81+2.67%Below
SMA 200Rs 158.10+11.32%Below
42Neutral
0 · Oversold305070100 · Overbought

At 42, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.

MACD
Bearish Cross
  • MACD-1.60
  • Signal-1.06
  • Histogram-0.54
R2Resistance 2
Rs 164.67
16.0%
R1Resistance 1
Rs 153.35
8.0%
NOWCurrent
Rs 142.02
S1Support 1
Rs 134.35
-5.4%
S2Support 2
Rs 126.67
-10.8%

07Leverage Insights

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

Not MTS-eligible
Rs 745.97K
-52.85% MoMMargin financing
Rs 745.97K
-52.85% MoMMTS + MFS combined

Leverage Composition

MTS · MFS stacked over the selected window

No blank sales

No net blank (short) sales reported for SEPL on the latest PSX DFC report.

08Settlement Insights

UIN-wise settlement concentration and price context

Metrics and charts over the selected trailing window

Latest UIN %97.37%Most recent print
Average · 3M79.76%Mean over window
Change · 3M+32.67%First → last
Range · 3M0.5–100.0%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 · 40.0%Non-float · 60.0%

Free float vs locked-in holdings

Paid-Up CapitalRs 592.56M
Total Shares59M
24M
40.0%
Year EndJun
Enterprise Value

10About the Company

Business description, governance, and corporate information

Security Papers Limited is incorporated and domiciled in Pakistan as a public Company Limited by shares. The principal activity of the Company is manufacturing and sale of specialised paper for banknote and non-bank note security documents.

Paper, Board & Packaging

Corporate Information

  • RegistrarFAMCO Share Registration Services (Pvt) Ltd. 8 F Next to HOTEL FARAN, Nursery, Block 6 PECHS Shahrah e Fiasal, Karachi
  • AuditorA.F. Ferguson & Co Chartered Accountants
  • Websitewww.security-papers.com
  • AddressJinnah Avenue Malir Halt, Karachi, Pakistan
  • SectorPaper, Board & Packaging
  • Financial Year EndJune

Key People

NameRole
IQImran Qureshi
CEO
MAMohammad Aftab Manzoor
Chairperson
YAYasir Ali Quraishi
Company Secretary

11Recent Announcements

Latest company filings as reported on PSX

12Peers in Paper, Board & Packaging

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

SEPL vs Paper, Board & Packaging sector median

Median across 11 sector constituents · nulls excluded per metric

MetricSEPLSector median
5.5x11.2x
6.3%1.6%
17.7%4.0%
1-Year Return-17.9%-11.8%
Rs 8.42BRs 4.91B

13Frequently Asked Questions

The most common questions investors ask about SEPL

Frequently Asked Questions

SEPL closed at Rs 142.02 on 29 Jul 2026, down 0.17% on the day, within a 52-week range of Rs 128.05–227.89. Prices on this page refresh through the trading day; log in to BSL for live quotes.

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