National RefineryKAR:NRL +3.05%69 Days Inventory is 53.89 as of Mar. 2026, which is 4% above its 10-year median of 51.64. GuruFocus rates KAR:NRL with a GF Score™ of 69/100 and a GF Value™ of ₨331.48 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 685 Oil & Gas companies, National Refinery ranks worse than 65.11% on this metric.
The historical rank and industry rank for National Refinery's Days Inventory or its related term are showing as below:
KAR:NRL'
s Days Inventory Range Over the Past 10 Years
Min: 35.59 Med: 51.64 Max: 62.83
Current: 46.11
During the past 13 years, National Refinery's highest Days Inventory was 62.83. The lowest was 35.59. And the median was 51.64.
KAR:NRL's Days Inventory is ranked worse than 65.11% of 685
companies
in the Oil & Gas industry
Industry Median: 30.99
vs KAR:NRL: 46.11
National Refinery's Days Inventory
increased
from Mar. 2025 (41.43) to Mar. 2026 (53.89).
It might indicate that National Refinery's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
National Refinery's Inventory Turnover for the
three
months ended in Mar. 2026 was 1.69.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
National Refinery's Inventory-to-Revenue for the
three
months ended in Mar. 2026 was 0.51.
National Refinery (KAR:NRL) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
National Refinery's Inventory Turnover for the
three
months ended in Mar. 2026 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
National Refinery's Inventory to Revenue for the
three
months ended in Mar. 2026 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
National Refinery Days Inventory Related Terms
National Refinery Days Inventory Historical Data
* Premium members only.
The historical data trend for National Refinery's Days Inventory 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.
KAR:NRL vs VLO, MPC, PSX: Days Inventory Comparison
For the Oil & Gas Refining & Marketing subindustry, National Refinery's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
National Refinery Days Inventory vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Refinery's Days Inventory distribution charts can be found below:
* The bar in red indicates where National Refinery's Days Inventory falls into.
* 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 (KAR:NRL) has a Days Inventory of 53.89 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on National Refinery and its competitors. This is near median its historical median of 51.64. Over the past decade, National Refinery's Days Inventory has ranged from 35.59 to 62.83. According to the industry distribution chart, National Refinery ranks #446 out of 685 companies in the Oil & Gas industry, placing it in the top 65.1%.
Is National Refinery's Days Inventory too high?
National Refinery's current Days Inventory of 53.89 is near median its 10-year median of 51.64. Over the past 10 years, this metric has ranged from a low of 35.59 to a high of 62.83. The Oil & Gas industry median Days Inventory is 30.99. National Refinery's value of 53.89 is 73.9% above this industry median. Based on the distribution chart, National Refinery ranks #446 out of 685 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, National Refinery has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Refinery's Days Inventory compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, National Refinery ranks #446 out of 685 companies for Days Inventory. This places National Refinery in the lower half of its industry. The industry median Days Inventory is 30.99. National Refinery's value of 53.89 is 73.9% above this benchmark. Historically, National Refinery's own Days Inventory has ranged from 35.59 to 62.83 over the past decade. While the company's 10-year median is 51.64 vs. the industry median of 30.99, National Refinery has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Oil & Gas company?
The median Days Inventory among Oil & Gas companies is 30.99, based on 685 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Refinery's current Days Inventory of 53.89 is 73.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on National Refinery and its competitors. For the Oil & Gas industry, the median Days Inventory is 30.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Refinery's current Days Inventory is 53.89, which is near median its own 10-year median of 51.64. 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 Modestly Overvalued. The stock's GF Value™ is ₨331.48, compared to a current price of ₨391.52 — trading 18.1% above its estimated fair value. The current Days Inventory is 53.89, which is near median its 10-year median of 51.64 and 73.9% above the Oil & Gas industry median of 30.99. National Refinery's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For National Refinery (KAR:NRL), the current Days Inventory is 53.89 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 ₨391.52 is trading 18.1% above its estimated GF Value™ of ₨331.48.
GuruFocus considers National Refinery to be Modestly Overvalued.
Key valuation signals for KAR:NRL:
Days Inventory: 53.89 (near median its 10-year median of 51.64)
GF Value™: ₨331.48 vs. price of ₨391.52 (18.1% above fair value)
Industry Position: 73.9% above the Oil & Gas median (#446 of 685)
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 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.
69GF Score
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