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Security Papers Limited SEPL

Market open

Rs 155.30

+0.94 (+0.61%)

Vol15,261Updated12:2819 Aug 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 19 Aug 2026, SEPL last traded at Rs 155.30 (+0.61% on the day) with a market cap of Rs 9.15B and a free float of 40.0%. Over the last 12 months the stock has returned -10.6%. Cash dividends declared over the trailing 12 months total Rs 9.00/share (yield 5.8%). The stock trades at a P/E of 6.0x.

Prices through 19 Aug 2026 · FY data through FY25 · Quarterly through Mar-26

6.0x
Rs 25.72
1Y Return
-10.6%
Rs 9.15B

02Price & Performance

Closing prices across timeframes, returns, and range context

SEPL — Price History

Daily closing series · toggle period below

1M Return+6.7%
3M Return+8.3%
6M Return-16.9%
1Y Return-10.6%
Day's Range26% of range
Rs 155.30
LowRs 154.00
HighRs 158.94
52-Week Range27% of range
Rs 155.30
LowRs 128.05
HighRs 227.89

03Key Metrics

Valuation, profitability, structure, and risk in one grid

6.0xTrailing annual EPS
Rs 25.72Latest annual · basic
1.02xBook Rs 151.89
5.83%Rs 9.00/sh trailing 12m
0.77Lower than market
Rs 9.15BSmall 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 5.8% yield at the last close. Its most recent payout was Rs 9.00/share, announced 30 Jul 2026. Annual dividend-per-share history back to 2016 is charted below.

Latest Payout

Per Share
Rs 9.00
Trailing Yield
5.83%
Payout Ratio
Announced
30 Jul 2026

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 202630 Jun 2026 (YR)CashRs 9.00(90%)
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 9.15B as of 18 Aug 2026 down 11.4% over the past 12 months (from Rs 10.32B).

Financial Statements

How SEPL's income and balance sheet have evolved

PKR MillionsMar-26Dec-25Sep-25Jun-25Mar-25Dec-24Sep-24Jun-24Trend
Net Sales / Revenue1,5751,8981,8432,0451,6572,1092,0592,014
Cost of Sales1,2531,5281,3691,4411,2251,5191,4831,450
Gross Profit322370474605432591577564
Administrative Expenses135140135122135121124113
Operating Profit187230339483297469453451
EBITDA259300410595364533510509
Other Income171153179206202263245245
Financial Charges51120102
Profit Before Tax326355478624461681647636
Taxation197142190201163265261230
Profit After Tax130213288423299416386406
EPS - Basic (Rs)Rs 2.19Rs 3.60Rs 4.87Rs 7.14Rs 5.04Rs 7.02Rs 6.52Rs 6.85

Showing 8 of 8 quarters · scroll horizontally to see more periods.

All figures in PKR millions from published accounts.

Profitability & Returns

Margins, returns on capital, and earnings per share

Latest · Mar-26

RatioValue
Net profit margin8.3%
Gross profit margin20.4%
EBITDA margin16.4%
EBIT margin11.9%

Net profit margin

Net profit ÷ revenue · %

0.0%5.2%10.3%15.5%20.7%20.2%Jun-24Sep-24Dec-24Mar-25Jun-25Sep-2511.2%Dec-258.3%Mar-26Period
Earlier periodsLatest period

Financial Health

Coverage, leverage, and the strength of the balance sheet

Latest · Mar-26

RatioValue
Current ratio2.85
Quick ratio2.18
Cash ratio1.42
Asset turnover0.14x
Effective tax rate60.4%

Current ratio

Current assets ÷ current liabilities

0.000.881.752.633.512.66Jun-24Sep-24Dec-24Mar-25Jun-25Sep-252.72Dec-252.85Mar-26Period
Earlier periodsLatest period

Market cap trajectory

Close × current shares outstanding · current Rs 9.15B

Rs 13.20BRs 9.30BRs 5.39BRs 1.49BAug 25Oct 25Dec 25Feb 26Apr 26Jun 26Rs 9.15B

Valuation & Capital Returns

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

Latest · Mar-26

RatioValue
Price to earnings60.54x
Price to book0.86x
EV / EBITDA29.61x
Price to sales4.99x

Price to earnings

Period-end price ÷ EPS · times

0.00x15.14x30.27x45.41x60.54x19.64xJun-24Sep-24Dec-24Mar-25Jun-25Sep-2543.94xDec-2560.54xMar-26Period
Earlier periodsLatest period

06Technical Analysis

Trading signal, moving averages, momentum, and key levels

Trading Signal
BUY

10-day SMA (Rs 154.42) is above the 30-day SMA (Rs 148.95). RSI at 57 sits in the neutral band.

As of18 Aug 2026

PeriodValuevs CurrentPosition
SMA 10Rs 154.42-0.57%Above
SMA 30Rs 148.95-4.09%Above
SMA 60Rs 147.69-4.90%Above
SMA 200Rs 156.57+0.82%Below
57Neutral
0 · Oversold305070100 · Overbought

At 57, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.

MACD
Bullish Cross
  • MACD2.74
  • Signal1.89
  • Histogram+0.85
R2Resistance 2
Rs 176.79
13.8%
R1Resistance 1
Rs 165.57
6.6%
NOWCurrent
Rs 155.30
S1Support 1
Rs 140.57
-9.5%
S2Support 2
Rs 126.79
-18.4%

07Leverage Insights

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

Not MTS-eligible
Rs 1.39M
+184.25% MoMMargin financing
Rs 1.39M
+184.25% 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 %87.26%Most recent print
Average · 3M80.13%Mean over window
Change · 3M+11.61%First → last
Range · 3M0.5–100.0%Low–high

Settlement % Trajectory

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

As of 18 Aug 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
6.0x12.1x
5.8%1.6%
17.7%4.0%
1-Year Return-10.6%-7.4%
Rs 9.15BRs 5.24B

13Frequently Asked Questions

The most common questions investors ask about SEPL

Frequently Asked Questions

SEPL is trading at Rs 155.30, up 0.61% on the day, within a 52-week range of Rs 128.05–227.89, from the 15-minute snapshot taken at 12:30 PKT. Prices on this page refresh every 15 minutes during market hours; log in to BSL for live quotes.

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