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SPEL Limited SPEL

Market closed

Rs 42.50

+1.09 (+2.63%)

Vol399,854Updated16:1518 Sep 2026

At 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 18 Sep 2026, SPEL last traded at Rs 42.50 (+2.63% on the day) with a market cap of Rs 8.27B and a free float of 20.0%. Over the last 12 months the stock has returned -46.7%. Cash dividends declared over the trailing 12 months total Rs 1.00/share (yield 2.4%). The stock trades at a P/E of 6.3x.

Prices through 18 Sep 2026 · FY data through FY25 · Quarterly through Mar-26

6.3x
Rs 6.60
1Y Return
-46.7%
Rs 8.27B

Price & Performance

Closing prices across timeframes, returns, and range context

SPEL — Price History

Daily closing series · toggle period below

1M Return-10.2%
3M Return-25.1%
6M Return+11.5%
1Y Return-46.7%
Day's Range100% of range
Rs 42.50
LowRs 40.60
HighRs 41.70
52-Week Range19% of range
Rs 42.50
LowRs 32.91
HighRs 83.50

Key Metrics

Valuation, profitability, structure, and risk in one grid

6.3xTrailing annual EPS
Rs 6.60Latest annual · basic
1.39xBook Rs 30.59
2.41%Rs 1.00/sh trailing 12m
1.29Higher than market
Rs 8.27BSmall cap
20.0%39.95M shares
11.16High leverage
22.3%Latest annual
Rs 5Per share

Dividend History & Yield

Payout track record, yield trend, and upcoming distribution

SPEL has paid Rs 1.00 per share in cash dividends over the trailing 12 months — a 2.4% yield at the last close. Its most recent payout was Rs 0.50/share, announced 18 Aug 2026 with book closure from 03 Oct 2026. Annual dividend-per-share history back to 2016 is charted below.

Upcoming PayoutBook closure 03 Oct 2026
Announced
18 Aug 2026
03 Oct 2026 – 09 Oct 2026
Amount
Rs 0.50/share
Type
Cash

Latest Payout

Per Share
Rs 0.50
Trailing Yield
2.41%
Payout Ratio
Announced
18 Aug 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 Aug 202630 Jun 2026 (YR)CashRs 0.50(10%)03 Oct 2026 – 09 Oct 2026
18 Feb 202631 Dec 2025 (HYR)CashRs 0.50(10%)25 Feb 2026 – 25 Feb 2026
18 Aug 202530 Jun 2025 (YR)Other8%24 Sep 2025 – 30 Sep 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

Financials & Earnings

Income, balance sheet, and key ratios from published accounts

SPEL's market capitalisation stands at Rs 8.27B as of 17 Sep 2026 down 47.1% over the past 12 months (from Rs 15.62B).

Financial Statements

How SPEL's income and balance sheet have evolved

PKR MillionsMar-26Dec-25Sep-25Jun-25Mar-25Dec-24Sep-24Jun-24Trend
Net Sales / Revenue2,3622,0032,3522,7482,3802,1962,3092,223
Cost of Sales1,7281,4761,7451,9621,6741,6701,7391,792
Gross Profit634527607786706527570431
Administrative Expenses110111128117961039780
Operating Profit499390457648590405455327
EBITDA594477548742679491538400
Other Income37363010155374289
Financial Charges2615172728363651
Profit Before Tax483380428665543354429336
Taxation17217316721220417614574
Profit After Tax311206262453339177284262
EPS - Basic (Rs)Rs 1.64Rs 1.09Rs 1.38Rs 2.45Rs 1.79Rs 0.93Rs 1.43Rs 1.44

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 margin13.2%
Gross profit margin26.8%
EBITDA margin25.1%
EBIT margin21.1%

Net profit margin

Net profit ÷ revenue · %

0.0%4.1%8.2%12.4%16.5%11.8%Jun-24Sep-24Dec-24Mar-25Jun-25Sep-2510.3%Dec-2513.2%Mar-26Period
Earlier periodsLatest period

Financial Health

Coverage, leverage, and the strength of the balance sheet

Latest · Mar-26

RatioValue
Current ratio2.61
Quick ratio1.09
Cash ratio0.50
Asset turnover0.25x
Effective tax rate35.6%

Current ratio

Current assets ÷ current liabilities

0.000.951.892.843.782.35Jun-24Sep-24Dec-24Mar-25Jun-25Sep-253.77Dec-252.61Mar-26Period
Earlier periodsLatest period

Market cap trajectory

Close × current shares outstanding · current Rs 8.27B

Rs 15.62BRs 11.00BRs 6.38BRs 1.76BSep 25Nov 25Jan 26Mar 26May 26Jul 26Rs 8.27B

Valuation & Capital Returns

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

Latest · Mar-26

RatioValue
Price to earnings20.84x
Price to book1.02x
EV / EBITDA12.07x
Price to sales2.89x

Price to earnings

Period-end price ÷ EPS · times

0.00x12.56x25.13x37.69x50.26x11.06xJun-24Sep-24Dec-24Mar-25Jun-25Sep-2550.26xDec-2520.84xMar-26Period
Earlier periodsLatest period

Technical Analysis

Trading signal, moving averages, momentum, and key levels

Trading Signal
SELL

10-day SMA (Rs 42.00) is below the 30-day SMA (Rs 45.09). RSI at 33 sits in the neutral band.

As of17 Sep 2026

PeriodValuevs CurrentPosition
SMA 10Rs 42.00-1.18%Above
SMA 30Rs 45.09+6.08%Below
SMA 60Rs 47.83+12.54%Below
SMA 200Rs 47.81+12.49%Below
33Neutral
0 · Oversold305070100 · Overbought

At 33, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.

MACD
Bearish Cross
  • MACD-1.66
  • Signal-1.54
  • Histogram-0.12
R2Resistance 2
Rs 48.92
15.1%
R1Resistance 1
Rs 45.17
6.3%
NOWCurrent
Rs 42.50
S1Support 1
Rs 38.94
-8.4%
S2Support 2
Rs 36.46
-14.2%

Leverage Insights

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

Not MTS-eligible
Rs 34.64M
-34.04% MoMMargin financing
Rs 34.64M
-34.04% 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.

Settlement Insights

UIN-wise settlement concentration and price context

Metrics and charts over the selected trailing window

Latest UIN %81.84%Most recent print
Average · 3M68.95%Mean over window
Change · 3M+93.84%First → last
Range · 3M40.6–97.4%Low–high

Settlement % Trajectory

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

As of 17 Sep 2026

Price vs Settlement

Close price (left axis) · UIN settlement % (right axis)

Share 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 Shares199.74M
39.95M
20.0%
Year EndJun
Enterprise Value

About 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

Recent Announcements

Latest company filings as reported on PSX

Peers 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
6.3x11.7x
2.4%2.4%
22.3%4.0%
1-Year Return-46.7%-18.7%
Rs 8.27BRs 4.95B

Frequently Asked Questions

The most common questions investors ask about SPEL

SPEL last traded at Rs 42.50, up 2.63% on the day, within a 52-week range of Rs 32.91–83.50. Prices on this page refresh every 15 minutes during market hours; log in to BSL for live quotes.

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