Last close · 16 Oct 2026
Rs 132.06 -0.68%
Financials
Security Papers Limited (SEPL) financials
20 years of annual results (FY2007 – FY2026).
Security Papers Limited (SEPL) reported revenue of Rs 7.3 bn for FY2026 (Jul 2025 – Jun 2026), down 7.2% from FY2025.
Profit attributable to shareholders was Rs 907.2 mn (EPS Rs 15.31), down 40.5%, a net margin of 12.4%.
It declared a dividend of Rs 9.00 per share for FY2026 and has paid a dividend in each of the last 20 years.
The balance sheet showed net cash of Rs 3.0 bn.
Return on equity was 9.9%.
Over the last five years revenue grew at a compound 7.9% a year.
At Rs 132.06 (close on 16 Oct 2026) the shares trade at 8.6× earnings (FY2026) and 0.83× book value, with a dividend yield of 6.8%.
Fundamentals
SEPL at a glance
Revenue · FY2026
Rs 7.3 bn
▼ 7.2% year on year
Profit attributable to shareholders · FY2026
Rs 907.2 mn
▼ 40.5% year on year
EPS – basic (Rs) · FY2026
Rs 15.31
▼ 40.5% year on year
Dividend per share (Rs) · FY2026
Rs 9.00
▼ 21.7% year on year
Net margin · FY2026
12.4%
-6.9 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 7.3 bn
- Profit attributable · FY2026
- Rs 907.2 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 12.1 bn
- Equity · FY2026
- Rs 9.4 bn
Financial highlights
SEPL financial results
| Rs bn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | FY2021 Jul 2020 – Jun 2021 | FY2020 Jul 2019 – Jun 2020 | FY2019 Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.3 | 7.9 | 7.3 | 5.8 | 5.1 | 5.0 | 4.9 | 4.0 | 3.5 | 2.8 |
| Gross profit | 1.6 | 2.2 | 2.0 | 1.5 | 1.6 | 1.9 | 1.9 | 1.6 | 1.3 | 1.1 |
| Operating profit | 1.6 | 2.4 | 2.4 | 1.5 | 1.4 | 1.7 | 1.8 | 1.2 | 1.1 | 1.3 |
| Profit after tax | 0.9 | 1.5 | 1.5 | 1.0 | 0.9 | 1.5 | 1.3 | 0.8 | 0.7 | 0.9 |
| Profit attributable to shareholders | 0.9 | 1.5 | 1.5 | 1.0 | 0.9 | 1.5 | 1.3 | 0.8 | 0.7 | 0.9 |
| EPS – basic (Rs) Rs | 15.31 | 25.72 | 25.12 | 16.33 | 16.02 | 24.61 | 21.54 | 13.03 | 12.46 | 15.82 |
| Dividend per share (Rs) Rs | 9.00 | 11.50 | 12.50 | 11.00 | 10.00 | 9.00 | 9.00 | 8.25 | 8.00 | 8.00 |
| Total assets | 12.1 | 11.3 | 10.5 | 9.9 | 8.9 | 8.1 | 7.0 | 6.1 | 5.9 | 5.7 |
| Total equity | 9.4 | 9.0 | 8.2 | 7.5 | 7.1 | 6.7 | 5.8 | 4.9 | 4.7 | 4.6 |
| Total debt | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 |
| Net cash from operating activities | 1.2 | 0.9 | 0.7 | 0.1 | 1.2 | 0.7 | 1.7 | 0.6 | 1.0 | 0.4 |
| Capital expenditure | (2.8) | (0.4) | (0.3) | (0.1) | (0.1) | (0.3) | (0.4) | (0.1) | (0.2) | (0.1) |
| Free cash flow (operating cash flow − capex) | (1.5) | 0.4 | 0.4 | (0.0) | 1.0 | 0.4 | 1.3 | 0.5 | 0.8 | 0.3 |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 15 Oct 2026.