National Refinery (KAR:NRL) Construction In Progress: ₨2,540 Mil (As of Mar. 2026)


KAR:NRL National Refinery Ltd KAR:NRL
70 GF Score
Price ₨358.13
GF Value ₨330.68
Valuation Fairly Valued
! 2 Warning Signs
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What is National Refinery Construction In Progress?

National Refinery KAR:NRL -1.93% 70 Construction In Progress is ₨2,540 Mil as of Mar. 2026. GuruFocus rates KAR:NRL with a GF Score™ of 70/100 and a GF Value™ of ₨330.68 (Fairly Valued). The stock has 2 warning signs investors should review.

National Refinery's quarterly construction in progress increased from Sep. 2025 (₨2,056 Mil) to Dec. 2025 (₨2,262 Mil) and increased from Dec. 2025 (₨2,262 Mil) to Mar. 2026 (₨2,540 Mil).

National Refinery's annual construction in progress increased from Jun. 2023 (₨1,545 Mil) to Jun. 2024 (₨1,825 Mil) and increased from Jun. 2024 (₨1,825 Mil) to Jun. 2025 (₨2,105 Mil).

National Refinery Construction In Progress Historical Data

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The historical data trend for National Refinery's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

National Refinery Construction In Progress Chart

National Refinery Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,350.89 1,366.18 1,544.93 1,825.07 2,104.55

National Refinery Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,930.33 2,104.55 2,055.79 2,262.09 2,539.71
KAR:NRL
70GF Score
National Refinery Ltd KAR:NRL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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National Refinery Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₨2,540 Mil mean?
National Refinery (KAR:NRL) has a Construction In Progress of ₨2,540 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on National Refinery and its competitors.
Is National Refinery's Construction In Progress too high?
National Refinery's current Construction In Progress is ₨2,540 Mil. Overall, National Refinery has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Refinery's Construction In Progress compare to VLO and MPC?
National Refinery's Construction In Progress of ₨2,540 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Oil & Gas company?
A good Construction In Progress depends on the Oil & Gas industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on National Refinery and its competitors. National Refinery's current Construction In Progress is ₨2,540 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Refinery stock overvalued right now?
Based on GuruFocus' analysis, National Refinery (KAR:NRL) is currently considered Fairly Valued. The stock's GF Value™ is ₨330.68, compared to a current price of ₨358.13 — trading 8.3% above its estimated fair value. The current Construction In Progress is ₨2,540 Mil. National Refinery's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For National Refinery (KAR:NRL), the current Construction In Progress is ₨2,540 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is National Refinery (KAR:NRL) Overvalued in 2026?

Based on GuruFocus' analysis, National Refinery stock appears to be overvalued. The current stock price of ₨358.13 is trading 8.3% above its estimated GF Value™ of ₨330.68. GuruFocus considers National Refinery to be Fairly Valued.

Key valuation signals for KAR:NRL:

  • Construction In Progress: ₨2,540 Mil
  • GF Value™: ₨330.68 vs. price of ₨358.13 (8.3% above fair value)
  • GF Score™: 70/100 with 2 warning signs

No single metric tells the full story. See the KAR:NRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

National Refinery Business Description

Industry EnergyOil & Gas
Address 7-B, Korangi Industrial Area, P.O. Box 8228, Karachi, PAK, 74900
National Refinery Ltd is a Pakistan-based company engaged in manufacturing and supplying fuel products, lubes, BTX, asphalts and specialty products for domestic consumption and export. It is also involved in the crude oil refining business. The company operates through two segments namely Fuel and Lube. The Fuel segment, which is the key revenue driver, is engaged in the production of high-speed diesel, naphtha, motor gasoline, liquefied petroleum gas, jet fuels, and furnace oil. The Lube segment produces multiple grades of lube base oils, bitumen, waxes and rubber process oil and some quantities of other fuel products. It derives maximum revenue from Fuel Segment.
70GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₨358.13
Price
₨330.68
GF Value