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SEPL Security Papers Limited

Latest results: FY2026 · Jun 2026

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Last close · 16 Oct 2026

Rs 134.48 +1.14%

Annual · FY2007 – FY2026

Security Papers Limited (SEPL) balance sheet

At the end of FY2026 (Jul 2025 – Jun 2026) Security Papers Limited had total assets of Rs 12.1 bn, up 6.7% on FY2025. Current assets of Rs 5.1 bn covered current liabilities of Rs 2.5 bn 2.10 times. Shareholders' equity was Rs 9.4 bn (Rs 158.28 per share), 77.5% of total assets.

SEPL balance sheet (annual) (Rs bn)
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
Assets
Cash & short-term investments 3.0 2.9 2.6 2.4 4.1
Trade receivables 0.5 1.3 1.3 1.6 0.8
Inventories 1.1 1.3 1.2 1.0 0.8
Other current assets — — — — —
Total current assets 5.1 5.5 5.4 5.2 5.9
Property, plant & equipment 4.5 2.0 1.8 1.8 1.8
Intangible assets 0.0 0.0 0.0 0.0 0.0
Long-term investments 2.5 3.8 3.3 2.9 1.2
Other non-current assets 0.0 0.0 0.0 0.0 0.0
Total non-current assets 7.0 5.8 5.1 4.7 3.0
Total assets 12.1 11.3 10.5 9.9 8.9
Liabilities
Trade payables 1.7 1.2 1.3 1.5 1.1
Short-term borrowings & current portion of debt — — 0.0 0.0 0.0
Total current liabilities 2.5 2.0 2.0 2.1 1.6
Long-term debt — — 0.0 0.0 0.0
Other non-current liabilities 0.0 0.0 0.0 0.1 0.0
Total non-current liabilities 0.3 0.3 0.3 0.2 0.2
Total liabilities 2.7 2.3 2.3 2.4 1.8
Equity
Share capital 0.6 0.6 0.6 0.6 0.6
Reserves & retained earnings 8.8 8.4 7.6 6.9 6.5
Equity attributable to shareholders 9.4 9.0 8.2 7.5 7.1
Non-controlling interest 0.0 0.0 0.0 0.0 0.0
Total equity 9.4 9.0 8.2 7.5 7.1
Total liabilities & equity 12.1 11.3 10.5 9.9 8.9
Key figures
Total debt — — 0.0 0.0 0.0
Net debt / (net cash) (3.0) (2.9) (2.6) (2.4) (4.1)
Shares outstanding mn 59.3 59.3 59.3 59.3 59.3
Common equity 9.4 9.0 8.2 7.5 7.1
Book value per share (Rs) Rs 158.28 151.90 138.73 126.43 120.45
SEPL balance sheet — year-on-year change (Rs mn)
Rs mn 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
Assets
Cash & short-term investments +1.6% +10.8% +10.0% -42.0% +14.0%
Trade receivables -58.3% -1.6% -15.7% +86.9% +3.1%
Inventories -13.4% +6.1% +16.6% +30.6% +2.7%
Other current assets — — — — —
Total current assets -7.0% +2.3% +4.4% -12.2% +10.6%
Property, plant & equipment +123.5% +9.3% +4.4% -3.1% -4.4%
Intangible assets -8.1% +12.8% -13.9% -12.2% -12.6%
Long-term investments -34.9% +15.6% +13.5% +145.9% +32.3%
Other non-current assets — -100.0% -98.8% +54.9% +3.5%
Total non-current assets +19.6% +13.3% +9.8% +55.4% +7.3%
Total assets +6.7% +7.7% +7.0% +10.6% +9.5%
Liabilities
Trade payables +37.0% -6.6% -9.3% +35.5% +52.6%
Short-term borrowings & current portion of debt — — -100.0% -3.1% +5.3%
Total current liabilities +20.9% -0.3% -5.3% +37.3% +32.0%
Long-term debt — — -100.0% +68.7% -14.9%
Other non-current liabilities -100.0% — -100.0% +62.1% +35.7%
Total non-current liabilities -13.9% +11.5% +32.1% +5.6% -10.9%
Total liabilities +16.1% +1.2% -1.8% +33.5% +25.0%
Equity
Share capital 0.0% 0.0% 0.0% 0.0% 0.0%
Reserves & retained earnings +4.5% +10.2% +10.6% +5.4% +6.8%
Equity attributable to shareholders +4.2% +9.5% +9.7% +5.0% +6.2%
Non-controlling interest — — — — —
Total equity +4.2% +9.5% +9.7% +5.0% +6.2%
Total liabilities & equity +6.7% +7.7% +7.0% +10.6% +9.5%
Key figures
Total debt — — -100.0% +45.7% -9.3%
Net debt / (net cash) — — — — —
Shares outstanding — — — — —
Common equity +4.2% +9.5% +9.7% +5.0% +6.2%
Book value per share (Rs) +4.2% +9.5% +9.7% +5.0% +6.2%

Change against the previous fiscal year; shown when the earlier figure is positive.

SEPL balance sheet — common size (Rs mn)
Rs mn 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
Assets
Cash & short-term investments 24.6% 25.8% 25.0% 24.4% 46.4%
Trade receivables 4.5% 11.4% 12.5% 15.9% 9.4%
Inventories 9.0% 11.0% 11.2% 10.3% 8.7%
Other current assets — — — — —
Total current assets 42.5% 48.7% 51.3% 52.5% 66.2%
Property, plant & equipment 36.9% 17.6% 17.3% 17.8% 20.3%
Intangible assets 0.1% 0.1% 0.1% 0.1% 0.2%
Long-term investments 20.5% 33.5% 31.3% 29.5% 13.3%
Other non-current assets 0.0% 0.0% 0.0% 0.1% 0.1%
Total non-current assets 57.5% 51.3% 48.7% 47.5% 33.8%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 14.0% 10.9% 12.5% 14.8% 12.1%
Short-term borrowings & current portion of debt — — 0.0% 0.1% 0.1%
Total current liabilities 20.2% 17.9% 19.3% 21.8% 17.5%
Long-term debt — — 0.0% 0.3% 0.2%
Other non-current liabilities 0.0% 0.1% 0.0% 0.6% 0.4%
Total non-current liabilities 2.3% 2.8% 2.7% 2.2% 2.3%
Total liabilities 22.5% 20.7% 22.0% 24.0% 19.9%
Equity
Share capital 4.9% 5.2% 5.6% 6.0% 6.7%
Reserves & retained earnings 72.6% 74.1% 72.4% 70.0% 73.5%
Equity attributable to shareholders 77.5% 79.3% 78.0% 76.0% 80.1%
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity 77.5% 79.3% 78.0% 76.0% 80.1%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt — — 0.0% 0.4% 0.3%
Net debt / (net cash) (24.6%) (25.8%) (25.0%) (24.0%) (46.2%)
Common equity 77.5% 79.3% 78.0% 76.0% 80.1%

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. Updated 15 Oct 2026.

All reported line items 171
SEPL balance sheet — all reported line items (Rs bn)
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
Cash & Cash Equivalents 0.2 0.2 0.5 0.4 0.8
Cash & Short Term Investments 3.0 2.9 2.6 2.4 4.1
Short-Term Investments - Total 2.8 2.7 2.2 2.0 3.4
Loans & Receivables - Net - Short-Term 1.1 1.4 1.6 1.8 1.0
Loans & Receivables - Total 1.1 1.4 1.6 1.8 1.0
Trade Accounts & Trade Notes Receivable - Net 0.5 1.3 1.3 1.6 0.8
Trade Accounts & Trade Notes Receivable - Gross — — — — —
Provision - Trade Accounts & Trade Notes Receivable — — — — —
Loans - Short-Term 0.5 0.1 0.1 0.1 0.1
Receivables - Other - Total — — 0.1 0.1 0.0
Accounts & Notes Receivable - Trade - Gross - Total — — — — —
Inventories - Total 1.1 1.3 1.2 1.0 0.8
Inventories - Raw Materials 0.4 0.4 0.3 0.2 0.2
Inventories - Work in Progress — — — — —
Inventories - Finished Goods 0.7 0.9 0.9 0.8 0.6
Inventories - Other - Total — — — — —
Prepaid Expenses - Short-Term — — — — —
Investments - Total 5.3 6.5 5.5 4.9 4.6
Other Current Assets - Total — — — — —
Property, Plant & Equipment - Net - Total 4.5 2.0 1.8 1.8 1.8
Restricted Accounts - Short-Term — — — — —
Property, Plant & Equipment - Gross - Total — — — — —
Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total — — — — —
Other Assets - Total 0.0 0.0 0.0 0.0 0.0
Intangible Assets - Total - Net 0.0 0.0 0.0 0.0 0.0
Total Current Assets 5.1 5.5 5.4 5.2 5.9
Intangible Assets - excluding Goodwill - Net - Total 0.0 0.0 0.0 0.0 0.0
Investments - Long-Term 2.5 3.8 3.3 2.9 1.2
Investments - Available for Sale/Held to Maturity - Long-Term 2.5 3.8 3.3 2.9 1.2
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total — — 1.8 1.8 1.8
Land & Buildings - Net — — — — —
Land/Improvements - Net — — — — —
Buildings - Net — — — — —
Leasehold Improvements - Net — — — — —
Plant, Machinery & Equipment - Net — — — — —
Transportation Equipment - Net — — — — —
Computer Software & Equipment - Net — — — — —
Construction in Progress - Net — — — — —
Right of Use Tangible Assets - Total - Net — — 0.0 0.0 0.0
Right of Use Tangible Assets - Capital/Finance Lease - Net — — 0.0 0.0 0.0
Property, Plant & Equipment - Other - Net — — 1.8 1.7 1.8
Property, Plant & Equipment - excluding Assets Leased Out - Gross — — — — —
Land & Buildings - Gross — — — — —
Land/Improvements - Gross — — — — —
Buildings - Gross — — — — —
Leasehold Improvements - Gross — — — — —
Plant, Machinery & Equipment - Gross — — — — —
Transportation Equipment - Gross — — — — —
Computer Software & Equipment - Gross — — — — —
Construction in Progress - Gross — — — — —
Total Assets 12.1 11.3 10.5 9.9 8.9
Property, Plant & Equipment - Other - Gross — — — — —
Debt - Total — — 0.0 0.0 0.0
Short-Term Debt & Current Portion of Long-Term Debt — — 0.0 0.0 0.0
Property, Plant & Equipment - excluding Assets Leased Out - Accumulated Depreciation & Impairment - Total — — — — —
Land & Buildings - Accumulated Depreciation & Impairment — — — — —
Land/Improvements - Accumulated Depreciation & Impairment — — — — —
Buildings - Accumulated Depreciation & Impairment — — — — —
Leasehold Improvements - Accumulated Depreciation & Impairment — — — — —
Current Portion of Long-Term Debt including Capitalized Leases — — 0.0 0.0 0.0
Plant, Machinery & Equipment - Accumulated Depreciation & Impairment — — — — —
Transportation Equipment - Accumulated Depreciation & Impairment — — — — —
Capitalized Leases - Current Portion — — 0.0 0.0 0.0
Computer Software & Equipment - Accumulated Depreciation & Impairment — — — — —
Short-Term Debt & Notes Payable — — — — —
Debt - Long-Term - Total — — 0.0 0.0 0.0
Property, Plant & Equipment - Other - Accumulated Depreciation & Impairment — — — — —
Current Portion of Long-Term Debt excluding Capitalized Leases — — — — —
Capitalized Lease Obligations - Long-Term — — 0.0 0.0 0.0
Long-Term Debt excluding Capitalized Leases — — — — —
Other Non-Current Assets - Total 0.0 0.0 0.0 0.0 0.0
Debt - Non-Convertible - Long-Term — — — — —
Dividends Payable 0.7 0.6 0.6 0.5 0.4
Deferred Tax & Investment Tax Credits - Long-Term 0.3 0.3 0.3 0.1 0.2
Deferred Tax - Liability - Long-Term 0.3 0.3 0.3 0.1 0.2
Payables & Accrued Expenses 1.7 1.2 1.3 1.5 1.1
Trade Account Payables - Total 1.7 1.2 1.3 1.5 1.1
Pension Assets - Long-Term 0.0 0.0 0.0 — —
Other Non-Current Assets — — 0.0 0.0 0.0
Accrued Expenses — — — — —
Licenses, Franchises, Copyrights, Property Rights, Prototypes, Contract Based, Models & Designs - Net 0.0 0.0 0.0 0.0 0.0
Total Liabilities 2.7 2.3 2.3 2.4 1.8
Shareholders' Equity - Attributable to Parent Shareholders - Total 9.4 9.0 8.2 7.5 7.1
Total Non-Current Assets 7.0 5.8 5.1 4.7 3.0
Common Equity Attributable to Parent Shareholders 9.4 9.0 8.2 7.5 7.1
Common Equity - Contributed 0.6 0.6 0.6 0.6 0.6
Common Stock - Issued & Paid 0.6 0.6 0.6 0.6 0.6
Equity - Non-Contributed - Reserves & Retained Earnings 8.8 8.4 7.6 6.9 6.5
Retained Earnings - Total 0.9 1.4 1.4 0.9 1.0
Trade Accounts Payable & Accruals - Short-Term 1.7 1.2 1.3 1.5 1.1
Comprehensive Income - Accumulated - Total — — — — —
Trade Accounts & Trade Notes Payable - Short-Term 1.7 1.2 1.3 1.5 1.1
Investments - Unrealized Gain/Loss — — — — —
Accrued Expenses - Short-Term — — — — —
Other Reserves/Equity - Total 7.9 7.0 6.2 6.0 5.6
Income Taxes - Payable - Short-Term 0.0 0.2 0.2 0.2 0.1
Dividends/Distributions Payable 0.7 0.6 0.6 0.5 0.4
Other Current Liabilities - Total — — 0.0 0.0 0.0
Common Equity - Total 9.4 9.0 8.2 7.5 7.1
Customer Advances - Short-Term — — — — —
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 9.4 9.0 8.2 7.5 7.1
Total Liabilities & Equity 12.1 11.3 10.5 9.9 8.9
Other Current Liabilities — — 0.0 0.0 0.0
Revaluation Reserves — — — — —
Total Current Liabilities 2.5 2.0 2.0 2.1 1.6
Other Non-Current Liabilities - Total 0.0 0.0 0.0 0.1 0.0
Provisions - Long-Term 0.0 0.0 0.0 0.1 0.0
Post Employment Benefits - Pension & Other - Long-Term 0.0 0.0 0.0 0.1 0.0
Total Non-Current Liabilities 0.3 0.3 0.3 0.2 0.2
Common Shares - Issued - Total mn 59.3 59.3 59.3 59.3 59.3
Common Shares - Outstanding - Total mn 59.3 59.3 59.3 59.3 59.3
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 70.0 70.0 70.0 70.0 70.0
Common Shares - Issued - Issue Specific mn 59.3 59.3 59.3 59.3 59.3
Common Shares - Outstanding - Issue Specific mn 59.3 59.3 59.3 59.3 59.3
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Right of Use Tangible Assets - Total - Net - Supplemental — — 0.0 0.0 0.0
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental — — 0.0 0.0 0.0
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental — — 1.8 1.7 1.8
Finance and Operating Lease Liabilities - Total - Supplemental — — 0.0 0.0 0.0
Debt including Finance and Operating Lease Liabilities - Supplemental — — 0.0 0.0 0.0
Net Debt (3.0) (2.9) (2.6) (2.4) (4.1)
Islamic Investments & Deposits — — — — —
Debt - Long-Term - Maturities - Total — — — — —
Debt - Long-Term - Maturities - within 1 Year — — — — —
Debt - Long-Term - Maturities - Year 2 — — — — —
Debt - Long-Term - Maturities - Year 5 — — — — —
Debt - Long-Term - Maturities - 2-3 Years — — — — —
Capital Lease Maturities - Total — — — — —
Debt - Long-Term - Maturities - 4-5 Years — — — — —
Capital Lease Maturities - Due within 1 Year — — — — —
Capital Lease Maturities - Due in Year 5 — — — — —
Capital Lease Maturities - Due in 4-5 Years — — — — —
Asset Accruals 11.9 11.1 10.1 9.5 8.1
Cash & Cash Equivalents - Total 0.2 0.2 0.5 0.4 0.8
Cash & Short Term Investments - Total 3.0 2.9 2.6 2.4 4.1
Debt - including Preferred Equity & Minority Interest - Total — — 0.0 0.0 0.0
Investments - Permanent 2.5 3.8 3.3 2.9 1.2
Net Book Capital 6.4 6.1 5.6 5.1 3.0
Net Operating Assets 6.4 6.1 5.6 5.1 3.0
Provisions - Total 0.3 0.3 0.3 0.2 0.2
Shareholders Equity - Common 9.4 9.0 8.2 7.5 7.1
Tangible Total Equity 9.4 9.0 8.2 7.5 7.1
Tangible Book Value 9.4 9.0 8.2 7.5 7.1
Total Book Capital 9.4 9.0 8.2 7.5 7.2
Total Capital 9.4 9.0 8.2 7.5 7.2
Total Long Term Capital 9.7 9.3 8.5 7.7 7.3
Unearned Revenue - Total — — — — —
Book Value excluding Other Equity 1.5 2.0 2.0 1.5 1.5
Income Taxes - Payable - Long-Term & Short-Term 0.0 0.2 0.2 0.2 0.1
Accruals - Short-Term 2.5 3.3 2.9 2.6 3.6
Cash & Short Term Investments - Net of Debt 3.0 2.9 2.6 2.4 4.1
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments — — 0.0 0.0 0.0
Total Fixed Assets - Net 7.0 5.8 5.1 4.7 3.0
Working Capital 2.7 3.5 3.4 3.0 4.3
Interest Bearing Liabilities - Total — — 0.0 0.0 0.0
Working Capital - Non-Cash (0.3) 0.6 0.7 0.6 0.2
Working Capital excluding Other Current Assets & Liabilities — — 3.4 3.0 4.3
Net Debt Including Preferred Equity & Minority Interest (3.0) (2.9) (2.6) (2.4) (4.1)
Other Short-Term & Long-Term Assets - Total 0.0 0.0 0.0 0.0 0.0
Other Short-Term & Long-Term Liabilities - Total — — 0.0 0.0 0.0
Total Current Assets excluding Total Inventories 4.1 4.3 4.2 4.2 5.1
Tangible Book Value excluding Other Equity 1.5 2.0 2.0 1.5 1.5
Total Debt Excluding Islamic — — 0.0 0.0 0.0
Trade Accounts & Trade Notes Receivable - Net - Total 0.5 1.3 1.3 1.6 0.8
Provision for Doubtful Accounts & Notes Receivable - Total — — — — —
Current Liabilities excluding Current Debt - Total — — 2.0 2.1 1.6
Cash in Hand & with Banks - Total 0.2 0.2 0.5 0.4 0.8
Current Assets excluding Cash & Short Term Investments - Total 2.2 2.6 2.8 2.8 1.8
Cash, Short Term Investments & Accounts Receivable - Total 3.5 4.2 4.0 4.0 5.0

Every line the company reported, in the original order and wording, without regrouping or signs changed.