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SPEL Limited SPEL

Market closed

Rs 46.77

-1.76 (-3.63%)

Vol377,675Updated10:3029 Jul 2026

01At a Glance

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

Consolidated snapshot

SPEL Limited (SPEL) is a Paper, Board & Packaging company listed on the Pakistan Stock Exchange. As of 29 Jul 2026, SPEL last traded at Rs 46.77 (-3.63% on the day) with a market cap of Rs 9.34B and a free float of 20.0%. Over the last 12 months the stock has returned -6.5%. Cash dividends declared over the trailing 12 months total Rs 0.50/share (yield 1.1%). The stock trades at a P/E of 7.1x.

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

7.1x
Rs 6.60
1Y Return
-6.5%
Rs 9.34B

02Price & Performance

Closing prices across timeframes, returns, and range context

SPEL — Price History

Daily closing series · toggle period below

1M Return-9.6%
3M Return+9.3%
6M Return-18.8%
1Y Return-6.5%
Day's Range5% of range
Rs 46.77
LowRs 46.70
HighRs 48.00
52-Week Range27% of range
Rs 46.77
LowRs 32.91
HighRs 83.50

03Key Metrics

Valuation, profitability, structure, and risk in one grid

7.1xTrailing annual EPS
Rs 6.60Latest annual · basic
1.53xBook Rs 30.59
1.07%Rs 0.50/sh trailing 12m
1.27Higher than market
Rs 9.34BSmall cap
20.0%40M shares
11.16Moderate leverage
22.3%Latest annual
Rs 5Per share

04Dividend History & Yield

Payout track record, yield trend, and upcoming distribution

SPEL has paid Rs 0.50 per share in cash dividends over the trailing 12 months — a 1.1% yield at the last close. Its most recent payout was Rs 0.50/share, announced 18 Feb 2026 with book closure from 25 Feb 2026. Annual dividend-per-share history back to 2016 is charted below.

Latest Payout

Per Share
Rs 0.50
Trailing Yield
1.07%
Payout Ratio
Announced
18 Feb 2026

Dividend Per Share Trend

2021
Rs 0.23
2022
Rs 0.50
2023
Rs 0.75
2024
Rs 0.80
2025
Rs 1.00

Payout History

Source: PSX company payouts

AnnouncedFor PeriodTypeAmountBook Closure
18 Feb 202631 Dec 2025 (HYR)CashRs 0.50(10%)25 Feb 2026 – 25 Feb 2026
18 Aug 202530 Jun 2025 (YR)Other8%24 Sept 2025 – 30 Sept 2025
28 Apr 202531 Mar 2025 (IIIQ)CashRs 0.30(6%)07 May 2025 – 09 May 2025
07 Feb 202531 Dec 2024 (HYR)Other6%18 Feb 2025 – 20 Feb 2025

05Financials & Earnings

Income, balance sheet, and key ratios from published accounts

SPEL's market capitalisation stands at Rs 9.34B as of 29 Jul 2026 down 5.4% over the past 12 months (from Rs 9.88B).

Financial Statements

How OGDC's income and balance sheet have evolved

PKR MillionsFY25FY24FY23FY22FY21FY20Trend
Net Sales / Revenue9,6336,9656,4316,3084,1713,098
Cost of Sales7,0455,6435,1185,0643,2722,525
Gross Profit2,5881,3221,3131,245899573
Administrative Expenses413325264236169154
Operating Profit2,0989381,002968696393
EBITDA2,4491,2621,3221,242885574
Other Income23518861494336
Financial Charges1281331351034674
Profit Before Tax1,991911860852639322
Taxation73827036831317963
Profit After Tax1,253641491539460259
EPS - Basic (Rs)Rs 6.60Rs 3.36Rs 2.46Rs 2.70Rs 2.34Rs 1.34

All figures in PKR millions from published accounts.

Profitability & Returns

Margins, returns on capital, and earnings per share

Latest · FY25

RatioValue
Net profit margin13.0%
Gross profit margin26.9%
EBITDA margin25.4%
EBIT margin21.8%

Net profit margin

Net profit ÷ revenue · %

0.0%3.3%6.5%9.8%13.0%8.4%FY2011.0%FY218.5%FY227.6%FY239.2%FY2413.0%FY25Period
Earlier periodsLatest period

Financial Health

Coverage, leverage, and the strength of the balance sheet

Latest · FY25

RatioValue
Effective tax rate37.1%

Effective tax rate

Taxation ÷ profit before tax · %

0.0%10.7%21.4%32.1%42.8%19.6%FY2028.0%FY2136.7%FY2242.8%FY2329.6%FY2437.1%FY25Period
Earlier periodsLatest period

Market cap trajectory

Close × current shares outstanding · current Rs 9.34B

Rs 15.62BRs 11.00BRs 6.38BRs 1.76BJul 25Sept 25Nov 25Jan 26Mar 26May 26Rs 9.34B

Valuation & Capital Returns

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

Latest · FY25

RatioValue
Price to earnings8.30x
Price to sales1.14x

Price to earnings

Period-end price ÷ EPS · times

0.00x8.11x16.23x24.34x32.46x32.46xFY207.71xFY213.67xFY225.43xFY2313.11xFY248.30xFY25Period
Earlier periodsLatest period

06Technical Analysis

Trading signal, moving averages, momentum, and key levels

Trading Signal
SELL

10-day SMA (Rs 47.57) is below the 30-day SMA (Rs 51.40). RSI at 43 sits in the neutral band.

As of29 Jul 2026

PeriodValuevs CurrentPosition
SMA 10Rs 47.57+1.71%Below
SMA 30Rs 51.40+9.90%Below
SMA 60Rs 47.52+1.61%Below
SMA 200Rs 50.09+7.10%Below
43Neutral
0 · Oversold305070100 · Overbought

At 43, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.

MACD
Bearish Cross
  • MACD-0.91
  • Signal-0.30
  • Histogram-0.61
R2Resistance 2
Rs 65.46
40.0%
R1Resistance 1
Rs 56.11
20.0%
NOWCurrent
Rs 46.77
S1Support 1
Rs 40.56
-13.3%
S2Support 2
Rs 34.36
-26.5%

07Leverage Insights

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

Not MTS-eligible
Rs 83.91M
-41.61% MoMMargin financing
Rs 83.91M
-41.61% MoMMTS + MFS combined

Leverage Composition

MTS · MFS stacked over the selected window

No blank sales

No net blank (short) sales reported for SPEL 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 %58.69%Most recent print
Average · 3M70.57%Mean over window
Change · 3M-20.58%First → last
Range · 3M37.8–98.0%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 · 20.0%Non-float · 80.0%

Free float vs locked-in holdings

Paid-Up CapitalRs 998.68M
Total Shares200M
40M
20.0%
Year EndJun
Enterprise Value

10About the Company

Business description, governance, and corporate information

SPEL Limited (formerly Synthetic Products Enterprises Limited), was incorporated in Pakistan on 16 May 1982 as a private limited company. The Company converted into public limited company on 21 July 2008 and subsequently listed on Pakistan Stock Exchange on 10 February 2015.The Company is principally engaged in the manufacturing and sale of plastic auto parts, plastic packaging for food and FMCG industry and moulds & dies.

Shariah CompliantPaper, Board & Packaging

Corporate Information

  • RegistrarTHK Associates (Private) Limited, Plot No. 32-C, Jami Commercial Street 2, D.H.A, Phase-VII, Karachi
  • AuditorKPMG Taseer Hadi and Co. Chartered Accountants
  • Websitewww.spelgroup.com
  • Address127-S, Quid-e-Azam Industrial Estate Kot Lakhpat Lahore
  • SectorPaper, Board & Packaging
  • Financial Year EndJune

Key People

NameRole
ZHZia Hyder Naqi
CEO
AHAlmas Hyder
Chairperson
KAKhalil Ahmad Hashmi FCA
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

SPEL vs Paper, Board & Packaging sector median

Median across 11 sector constituents · nulls excluded per metric

MetricSPELSector median
7.1x11.2x
1.1%1.6%
22.3%4.0%
1-Year Return-6.5%-11.8%
Rs 9.34BRs 4.91B

13Frequently Asked Questions

The most common questions investors ask about SPEL

Frequently Asked Questions

SPEL closed at Rs 46.77 on 29 Jul 2026, down 3.63% on the day, within a 52-week range of Rs 32.91–83.50. Prices on this page refresh through the trading day; log in to BSL for live quotes.

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