National Refinery Limited NRL
Rs 643.79
Vol3,074,186Updated15:507 Oct 2026
At a Glance
The headline take on NRL — valuation, income, returns, and efficiency
Consolidated snapshot
Price & Performance
Closing prices across timeframes, returns, and range context
NRL — Price History
Daily closing series · toggle period below
Key Metrics
Valuation, profitability, structure, and risk in one grid
Dividend History & Yield
Payout track record, yield trend, and upcoming distribution
Latest Payout
Dividend Per Share Trend
Financials & Earnings
Income, balance sheet, and key ratios from published accounts
NRL's market capitalisation stands at Rs 51.32B as of 07 Oct 2026 — up 64.5% over the past 12 months (from Rs 31.20B).
Financial Statements
How NRL's income and balance sheet have evolved
| PKR Millions | Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| Net Sales / Revenue | 117,034 | 95,015 | 79,575 | 81,725 | 84,106 | 74,856 | 66,976 | 72,261 | |
| Cost of Sales | 101,880 | 90,783 | 75,463 | 80,018 | 84,299 | 76,307 | 73,273 | 76,861 | |
| Gross Profit | 15,154 | 4,232 | 4,112 | 1,707 | -193 | -1,451 | -6,297 | -4,600 | |
| Administrative Expenses | 359 | 277 | 331 | 316 | 245 | 278 | 279 | 300 | |
| Operating Profit | 14,340 | 3,586 | 3,644 | 1,167 | -774 | -1,850 | -6,786 | -5,270 | |
| EBITDA | 15,529 | 4,351 | 4,516 | 2,065 | 100 | -979 | -5,917 | -4,373 | |
| Other Income | 72 | 58 | 91 | 153 | 71 | 232 | 106 | 107 | |
| Financial Charges | 1,887 | 2,090 | 1,771 | 2,304 | 2,547 | 2,593 | 2,887 | 3,264 | |
| Profit Before Tax | 11,642 | 1,383 | 1,869 | -985 | -3,258 | -4,207 | -9,578 | -8,501 | |
| Taxation | 4,340 | 643 | 843 | 608 | 500 | 290 | 2,342 | 236 | |
| Profit After Tax | 7,302 | 740 | 1,025 | -377 | -2,757 | -4,496 | -7,236 | -8,265 | |
| EPS - Basic (Rs) | Rs 91.31 | Rs 9.26 | Rs 12.82 | Rs -4.70 | Rs -34.48 | Rs -56.23 | Rs -90.50 | Rs -103.39 |
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
| Ratio | Value |
|---|---|
| Net profit margin | 6.2% |
| Gross profit margin | 12.9% |
| EBITDA margin | 13.3% |
| EBIT margin | 12.3% |
Net profit margin
Net profit ÷ revenue · %
Financial Health
Coverage, leverage, and the strength of the balance sheet
Latest · Mar-26
| Ratio | Value |
|---|---|
| Current ratio | 0.91 |
| Quick ratio | 0.32 |
| Cash ratio | 0.01 |
| Asset turnover | 0.54x |
| Effective tax rate | 37.3% |
Current ratio
Current assets ÷ current liabilities
Market cap trajectory
Close × current shares outstanding · current Rs 51.32B
Valuation & Capital Returns
What the market is paying for NRL, and what it returns to shareholders
Latest · Mar-26
| Ratio | Value |
|---|---|
| Price to earnings | 3.19x |
| Price to book | 0.39x |
| EV / EBITDA | 4.45x |
| Price to sales | 0.20x |
Price to earnings
Period-end price ÷ EPS · times
Technical Analysis
Trading signal, moving averages, momentum, and key levels
10-day SMA (Rs 589.14) is above the 30-day SMA (Rs 543.60). RSI at 74 is in overbought territory.
Moving AverageThe average close over a set window (10/30/200 days) — smooths daily noise to reveal the trend.Read the full guide →
| Period | Value | vs Current | Position |
|---|---|---|---|
| SMA 10 | Rs 589.14 | -8.49% | Above |
| SMA 30 | Rs 543.60 | -15.56% | Above |
| SMA 60 | Rs 497.52 | -22.72% | Above |
| SMA 200 | Rs 413.66 | -35.75% | Above |
At 74, momentum is elevated — above 70 may signal a near-term pullback.
- MACD30.89
- Signal24.40
- Histogram+6.48
Leverage Insights
MTS, margin financing, futures open interest, and combined exposure
Leverage Composition
MTS · MFS stacked over the selected window
Futures Blank Sale Insights
Blank sale value vs OI and free float
Settlement Insights
UIN-wise settlement concentration and price context
Metrics and charts over the selected trailing window
Settlement % Trajectory
Solid = UIN settlement % · Dashed = 14-session EMA
As of 05 Oct 2026
Price vs Settlement
Close price (left axis) · UIN settlement % (right axis)
About the Company
Business description, governance, and corporate information
National Refinery Limited was incorporated in Pakistan on August 19, 1963 as a public limited company. The Company is engaged in the manufacturing, production and sale of a large range of petroleum products. The refinery complex of the Company comprises of three refineries, consisting of two lube refineries, and a fuel refinery added to the complex. The company has also commissioned Diesel Hydro De-sulphurisation (DHDS) and Isomerisation (ISOM) units during the financial years 2017 and 2018 respectively.
Corporate Information
- RegistrarCDC Share Registrar Services Limited, CDC House, 99-B, Block B, S.M.C.H.S. Main Shahra-e-Faisal 74400
- AuditorA. F. Ferguson & Co. Chartered Accountants
- Websitewww.nrlpak.com
- Address7-B, Korangi Industrial Area, Karachi, Pakistan
- SectorRefinery
- Financial Year EndJune
Key People
| Name | Role |
|---|---|
AHAsad Hasan | CEO |
SAShuaib A. Malik | Chairperson |
BKBadruddin Khan | Company Secretary |
Reports & Filings
Recent Announcements
Latest company filings as reported on PSX
Filings and disclosures from the PSX announcement feed
- 24 Sep 2026Material Information
- 23 Sep 2026Dividend
- 08 Sep 2026Report
- 07 Sep 2026General Meeting
- 27 Aug 2026Financial Results
- 25 Aug 2026Board Meeting
- 24 Aug 2026Board Meeting
- 17 Aug 2026Board Meeting
Peers in Refinery
How the cohort is moving — same-sector stocks by market cap
NRL vs Refinery sector median
| Metric | NRL | Sector median |
|---|---|---|
| P/E RatioShare price ÷ earnings per share — the price you pay for each rupee of annual profit. Compare within a sector.Read the full guide → | — | 14.5x |
| Dividend YieldTrailing-12-month cash dividends ÷ share price. A high yield can signal income — or a falling price.Read the full guide → | 0.0% | 0.0% |
| Return on EquityNet profit ÷ shareholders' equity — how hard the company works each rupee investors have put in.Read the full guide → | -42.8% | -9.1% |
| 1-Year Return | +74.3% | +76.3% |
| Market CapitalisationShare price × total shares — the company's full market value, and the basis for index weightings.Read the full guide → | Rs 51.32B | Rs 64.68B |
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Frequently Asked Questions
The most common questions investors ask about NRL
NRL last traded at Rs 643.79, up 4.36% on the day, within a 52-week range of Rs 259.00–653.90. Prices on this page refresh every 15 minutes during market hours; log in to BSL for live quotes.
National Refinery Limited was incorporated in Pakistan on August 19, 1963 as a public limited company. See About the Company on this page for the full profile, management, and corporate information.
NRL has not declared a cash dividend in the recent PSX record — some companies reinvest earnings instead; see the Financials section. For income ideas, browse the highest dividend yield stocks on PSX.
Yes — National Refinery Limited is on the PSX's Shariah-compliant (KMI All Shares) list and is a KMI-30 constituent. Browse all Shariah-compliant PSX stocks.
A side-by-side comparison with the Refinery sector median — valuation, yield, and returns — is in the Peers section, or explore the Refinery sector page.
Annual reports from FY2025 to FY2026 are linked under Reports & Filings in the About section of this page, sourced from official PSX submissions.
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