Karachi Stock Exchange · Pakistan · Updated after 23 Oct 2026 close

Security Papers Ltd

SEPL · Karachi Stock Exchange · prices in PKR

PKR 127.82▼ -2.12 (1.63%)

Research report Historical data

Market X-Ray · price-based

Fair price profile

Ranks #245 of 494 on the Karachi Stock Exchange · confidence High

What this score is, and is not

It describes how this stock has traded: trend, momentum, risk, liquidity and dividends, each ranked against the other stocks on its own exchange. It does not measure how healthy or cheap the business is. That fundamental X-Ray needs financial statements, which we do not have for Pakistan yet.

TrendWeak

35/100

Below its long-term averages and far from its highs.

See the numbers →

Above 200-day average-11.3%

From 52-week high-40.6%

MomentumWeak

45/100

Lagging most stocks on this exchange.

See the numbers →

3-month return-2.0%

6-month return-9.3%

12-month, skipping last month-15.3%

Stability (higher is calmer)Fair

67/100

Typical risk for this exchange.

See the numbers →

Volatility, 1 year (lower is calmer)39.1%

Worst drawdown, 1 year (smaller is calmer)-39.6%

LiquidityWeak

45/100

Thinly traded: prices can jump and exits can be hard.

See the numbers →

Avg daily value traded4.56M PKR

Zero-volume days0.0%

IncomeFair

65/100

Dividend is typical for this exchange.

See the numbers →

Dividend yield7.0%

Years with dividends5

Price-based X-Ray. The fundamental X-Ray (financial health, valuation, growth, fair value) is available for US stocks today. It will follow for Pakistan when fundamentals data for this market is added. All Pakistan stocks.

Price trend

Below its 200-day average

Versus its 50- and 200-day averages

52-week range

120.15 – 223.25

Price is 7% of the way up

Returns

−2.0% 3m · −21.0% 1y

Price returns, dividends not included

RSI (14)

Neutral zone

Fair value estimate · limited data

PKR 154.51range of models 151.17 – 157.21

Undervalued +20.9% to fair value

Average of the 3 valuation models that pass our checks. Undervalued or Overvalued means the gap to fair value is more than 17.5%. Model uncertainty is High.

PSX income statement only (no balance sheet or cash flow): only earnings and sales models can be built. Their weights were fitted to a professional consensus-style valuation of Pakistani stocks and checked on stocks that were not used for the fit, but they use no analyst forecasts. Treat this as a rough estimate.

P/E multiple

PKR 155.16

P/S multiple

PKR 157.21

P/E on average earnings

PKR 151.17

Each model multiplies the company's trailing-twelve-month earnings (or sales) by a multiple that blends its own current multiple, its own history and its sector median. Earnings per share by fiscal year, newest first: 15.31, 25.72, 25.12, 16.33. Source: statements and price from the Pakistan Stock Exchange portal and end-of-day data. A model estimate, not a price target or advice. How it works.

Factor ratings for SEPL

Each factor is rated by where SEPL stands among the 10 stocks of its PSX sector (Paper, Board & Packaging; all PSX stocks when the sector is too small for a fair comparison).

Rating against the group

Goodthe top third of these stocks

Averagethe middle third of these stocks

Badthe bottom third of these stocks

"Beats" is the share of those stocks it is ahead of.

Against its own history

The last columns set the latest year's profit margin against the company's own three earlier years:

▲ Betterbetter than its usual level

▼ Worseworse than its usual level

≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the group, which is not the same as a bargain.

In total: 2 Good · 7 Average · 3 Bad of 12 Growth: 0 · 2 · 2 Profitability: 1 · 0 · 0 Valuation: 0 · 2 · 0 Price risk and momentum: 1 · 1 · 1 Liquidity: 0 · 2 · 0

Factor	SEPL	Rating	Group median	Own earlier years	Against own history
Growth
Sales growth, last financial year	−7.2%	Bad beats 23%	+7.1%	–	–
Sales growth, 3 years a year	+8.0%	Average beats 54%	+7.0%	–	–
Profit growth, last financial year	−40.5%	Bad beats 20%	+8.7%	–	–
EPS growth, 3 years a year	−2.1%	Average beats 38%	+9.2%	–	–
Profitability
Net profit margin	12.4%	Good beats 80%	3.7%	19.4%	▼ Worse
Valuation
P/E ratio (last 12 months)	8.4x	Average beats 55%	9.1x	–	–
Price / sales	1.0x	Average beats 40%	0.7x	–	–
Price risk and momentum
Volatility, 1 year	39.1%	Good beats 79%	51.5%	–	–
Worst drawdown, 1 year	−39.6%	Average beats 59%	−42.5%	–	–
12-month return, skipping the last month	−15.3%	Bad beats 32%	−2.9%	–	–
Liquidity
Average daily value traded	PKR 4.6M	Average beats 47%	PKR 5.1M	–	–
Days with no trading	0.0%	Average beats 51%	0.0%	–	–

Built from the income-statement summary the Pakistan Stock Exchange publishes (sales, profit and EPS for up to four financial years, trailing P/E, market value) and our own end-of-day prices. The PSX portal has no balance sheet or cash flow, so there are no debt, cash-flow or book-value factors. A factor is left out when its data is missing or meaningless (for example a P/E on a loss). These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the Market X-Ray.

Price chart

Interactive chart Historical data & CSV

52-wk range 120.15 – 223.25 Daily closes, split-adjusted

Signals

50-day average138.92

200-day average144.10

Golden/death cross (60d)None

New 52-week highNo

Bullish RSI divergenceNo

Average daily range (ATR)3.45

Technical summary

Daily

Strongly bearish

1 bullish · 3 neutral · 12 bearish

Weekly

Strongly bearish

1 bullish · 1 neutral · 10 bearish

Monthly

Bearish

2 bullish · 1 neutral · 5 bearish

Moving averages (daily)

SMA 10	131.3	Bearish
EMA 10	131.1	Bearish
SMA 20	132.2	Bearish
EMA 20	132.8	Bearish
SMA 50	138.9	Bearish
EMA 50	136.2	Bearish
SMA 100	138.9	Bearish
EMA 100	138.6	Bearish
SMA 200	144.1	Bearish
EMA 200	142.0	Bearish

Oscillators (daily)

RSI (14)	30.38	Neutral
MACD (12, 26)	-2.33	Bearish
Momentum (12)	-3.50	Bearish
Stochastic %K (14)	53.45	Neutral
Williams %R (14)	-46.55	Neutral
CCI (20)	-338.2	Bullish

Pivot points (classic, last session)

110.3

115.2

121.5

Pivot

126.5

132.8

137.7

144.0

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

Dividends

Paid, last 12 months

9.00 PKR

Yield on today's price

7.04%

Frequency

Annual

Next ex-dividend date

Not announced

Tap a dividend date to compare the dividend yield on that day with today's.

Ex-dividend date	Amount per share
	9.0000
This payment: 9.0000 PKR per share, ex-dividend 18 Sep 2026. On 18 Sep 2026 6.54% Share price that day 137.70 PKR. Dividends in the 12 months up to that day: 9.00 PKR. Today, latest close 23 Oct 2026 7.04% Share price 127.82 PKR. Dividends in the last 12 months: 9.00 PKR. Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	9.0000
This payment: 9.0000 PKR per share, ex-dividend 18 Sep 2025. On 18 Sep 2025 5.42% Share price that day 212.32 PKR. Dividends in the 12 months up to that day: 11.50 PKR (9.00 + 2.50). Today, latest close 23 Oct 2026 7.04% Share price 127.82 PKR. Dividends in the last 12 months: 9.00 PKR. Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	2.5000
This payment: 2.5000 PKR per share, ex-dividend 6 Feb 2025. On 6 Feb 2025 9.97% Share price that day 175.58 PKR. Dividends in the 12 months up to that day: 17.50 PKR (2.50 + 10.00 + 2.50 + 2.50). Today, latest close 23 Oct 2026 7.04% Share price 127.82 PKR. Dividends in the last 12 months: 9.00 PKR. Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	10.0000
This payment: 10.0000 PKR per share, ex-dividend 13 Sep 2024. On 13 Sep 2024 18.74% Share price that day 138.72 PKR. Dividends in the 12 months up to that day: 26.00 PKR (10.00 + 2.50 + 2.50 + 11.00). Today, latest close 23 Oct 2026 7.04% Share price 127.82 PKR. Dividends in the last 12 months: 9.00 PKR. Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	2.5000
This payment: 2.5000 PKR per share, ex-dividend 14 Mar 2024. On 14 Mar 2024 11.99% Share price that day 133.40 PKR. Dividends in the 12 months up to that day: 16.00 PKR (2.50 + 2.50 + 11.00). Today, latest close 23 Oct 2026 7.04% Share price 127.82 PKR. Dividends in the last 12 months: 9.00 PKR. Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	2.5000
This payment: 2.5000 PKR per share, ex-dividend 1 Mar 2024. On 1 Mar 2024 10.26% Share price that day 131.62 PKR. Dividends in the 12 months up to that day: 13.50 PKR (2.50 + 11.00). Today, latest close 23 Oct 2026 7.04% Share price 127.82 PKR. Dividends in the last 12 months: 9.00 PKR. Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	11.0000
This payment: 11.0000 PKR per share, ex-dividend 13 Oct 2023. On 13 Oct 2023 11.46% Share price that day 95.98 PKR. Dividends in the 12 months up to that day: 11.00 PKR. Today, latest close 23 Oct 2026 7.04% Share price 127.82 PKR. Dividends in the last 12 months: 9.00 PKR. Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	10.0000
This payment: 10.0000 PKR per share, ex-dividend 13 Oct 2022. On 13 Oct 2022 9.62% Share price that day 103.96 PKR. Dividends in the 12 months up to that day: 10.00 PKR. Today, latest close 23 Oct 2026 7.04% Share price 127.82 PKR. Dividends in the last 12 months: 9.00 PKR. Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	9.0000
This payment: 9.0000 PKR per share, ex-dividend 17 Sep 2021. Today, latest close 23 Oct 2026 7.04% Share price 127.82 PKR. Dividends in the last 12 months: 9.00 PKR. Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	9.0000
This payment: 9.0000 PKR per share, ex-dividend 28 Aug 2020. Today, latest close 23 Oct 2026 7.04% Share price 127.82 PKR. Dividends in the last 12 months: 9.00 PKR. Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	9.0000
This payment: 9.0000 PKR per share, ex-dividend 19 Aug 2020. Today, latest close 23 Oct 2026 7.04% Share price 127.82 PKR. Dividends in the last 12 months: 9.00 PKR. Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	7.2500
This payment: 7.2500 PKR per share, ex-dividend 20 Aug 2019. Today, latest close 23 Oct 2026 7.04% Share price 127.82 PKR. Dividends in the last 12 months: 9.00 PKR. Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.

Ex-dividend dates and amounts from EODHD. Shown as declared, before tax. For Pakistani companies a future date appears only once EODHD lists it as declared; the exchange's own list of book closures is on dps.psx.com.pk/payouts.

Prices are end-of-day closes in PKR. Educational only, not financial advice.