National Refinery Limited NRL
Rs 431.36
Vol930,580Updated10:3029 Jul 2026
01—At a Glance
The headline take on NRL — valuation, income, returns, and efficiency
Consolidated snapshot
02—Price & Performance
Closing prices across timeframes, returns, and range context
NRL — Price History
Daily closing series · toggle period below
03—Key Metrics
Valuation, profitability, structure, and risk in one grid
04—Dividend History & Yield
Payout track record, yield trend, and upcoming distribution
Latest Payout
Dividend Per Share Trend
05—Financials & Earnings
Income, balance sheet, and key ratios from published accounts
NRL's market capitalisation stands at Rs 34.49B as of 29 Jul 2026 — up 88.3% over the past 12 months (from Rs 18.32B).
Financial Statements
How OGDC's income and balance sheet have evolved
| PKR Millions | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | Trend |
|---|---|---|---|---|---|---|---|
| Net Sales / Revenue | 307,663 | 308,842 | 298,805 | 251,876 | 139,625 | 125,613 | |
| Cost of Sales | 313,897 | 316,610 | 285,609 | 228,081 | 135,700 | 136,730 | |
| Gross Profit | -6,234 | -7,768 | 13,197 | 23,795 | 3,925 | -11,118 | |
| Administrative Expenses | 1,118 | 1,181 | 1,066 | 949 | 898 | 867 | |
| Operating Profit | -8,243 | -9,598 | 10,713 | 21,387 | 2,101 | -12,716 | |
| EBITDA | -4,731 | -6,109 | 14,157 | 24,821 | 5,541 | -9,130 | |
| Other Income | 562 | 347 | 451 | 314 | 370 | 381 | |
| Financial Charges | 10,331 | 9,310 | 16,244 | 9,068 | 940 | 2,513 | |
| Profit Before Tax | -18,028 | -18,656 | -5,123 | 11,810 | 1,400 | -14,863 | |
| Taxation | 3,161 | 2,866 | 660 | 2,731 | 370 | 10,799 | |
| Profit After Tax | -14,867 | -15,790 | -4,463 | 9,079 | 1,770 | -4,064 | |
| EPS - Basic (Rs) | Rs -185.91 | Rs -197.46 | Rs -55.81 | Rs 113.54 | Rs 22.14 | Rs -50.82 |
All figures in PKR millions from published accounts.
Profitability & Returns
Margins, returns on capital, and earnings per share
Latest · FY25
| Ratio | Value |
|---|---|
| Net profit margin | -4.8% |
| Gross profit margin | -2.0% |
| EBITDA margin | -1.5% |
| EBIT margin | -2.7% |
Net profit margin
Net profit ÷ revenue · %
Financial Health
Coverage, leverage, and the strength of the balance sheet
Latest · FY22
| Ratio | Value |
|---|---|
| Effective tax rate | 23.1% |
Effective tax rate
Taxation ÷ profit before tax · %
Market cap trajectory
Close × current shares outstanding · current Rs 34.49B
Valuation & Capital Returns
What the market is paying for NRL, and what it returns to shareholders
Latest · FY22
| Ratio | Value |
|---|---|
| Price to earnings | 1.55x |
| Price to sales | 0.06x |
Price to earnings
Period-end price ÷ EPS · times
06—Technical Analysis
Trading signal, moving averages, momentum, and key levels
10-day SMA (Rs 415.32) is above the 30-day SMA (Rs 390.36). RSI at 66 sits in the neutral band.
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 415.32 | -3.72% | Above |
| SMA 30 | Rs 390.36 | -9.50% | Above |
| SMA 60 | Rs 380.94 | -11.69% | Above |
| SMA 200 | Rs 383.66 | -11.06% | Above |
At 66, momentum sits within the neutral band (30–70), suggesting balanced buying and selling pressure.
- MACD14.08
- Signal10.88
- Histogram+3.20
07—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
08—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 16 Jul 2026
Price vs Settlement
Close price (left axis) · UIN settlement % (right axis)
10—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
- Quarterly Report — 31 Mar 2026PDF
- Quarterly Report — 31 Dec 2025PDF
- Quarterly Report — 30 Sept 2025PDF
- Quarterly Report — 31 Mar 2025PDF
- Annual Report FY2025PDF
- Quarterly Report — 31 Dec 2024PDF
- Quarterly Report — 30 Sept 2024PDF
- Quarterly Report — 31 Mar 2024PDF
Sourced from official PSX financial-report submissions.
11—Recent Announcements
Latest company filings as reported on PSX
Filings and disclosures from the PSX announcement feed
- 19 Jun 2026Others
- 11 Jun 2026Board Meetings
- 30 Apr 2026Shariah Disclosure
- 30 Apr 2026Report
- 29 Apr 2026Financial Results
- 07 Apr 2026Board Meetings
- 02 Apr 2026Board Meetings
- 02 Mar 2026Financial Results
12—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 → | — | 11.4x |
| 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 | +86.7% | +66.2% |
| Market CapitalisationShare price × total shares — the company's full market value, and the basis for index weightings.Read the full guide → | Rs 34.49B | Rs 47.63B |
13—Frequently Asked Questions
The most common questions investors ask about NRL
Frequently Asked Questions
NRL closed at Rs 431.36 on 29 Jul 2026, down 0.80% on the day, within a 52-week range of Rs 224.00–477.45. Prices on this page refresh through the trading day; 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 for FY2025 are linked under Reports & Filings in the About section of this page, sourced from official PSX submissions.
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