National RefineryKAR:NRL +0.63%69 Days Payable is 51.45 as of Mar. 2026, which is 60% above its 10-year median of 32.06. GuruFocus rates KAR:NRL with a GF Score™ of 69/100 and a GF Value™ of ₨331.17 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 851 Oil & Gas companies, National Refinery ranks worse than 65.92% on this metric.
The historical rank and industry rank for National Refinery's Days Payable or its related term are showing as below:
KAR:NRL'
s Days Payable Range Over the Past 10 Years
Min: 22.11 Med: 32.06 Max: 69.4
Current: 38.47
During the past 13 years, National Refinery's highest Days Payable was 69.40. The lowest was 22.11. And the median was 32.06.
KAR:NRL's Days Payable is ranked worse than 65.92% of 851
companies
in the Oil & Gas industry
Industry Median: 57.95
vs KAR:NRL: 38.47
National Refinery's Days Payable
increased
from Mar. 2025 (27.26) to Mar. 2026 (51.45).
It may suggest that National Refinerydelayed paying its suppliers.
National Refinery Days Payable Related Terms
National Refinery Days Payable Historical Data
* Premium members only.
The historical data trend for National Refinery's Days Payable 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.
For the Oil & Gas Refining & Marketing subindustry, National Refinery's Days Payable, along with its competitors' market caps and Days Payable 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 Payable vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Refinery's Days Payable distribution charts can be found below:
* The bar in red indicates where National Refinery's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
National Refinery's Days Payable for the fiscal year that ended in Jun. 2025 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.
National Refinery (KAR:NRL) has a Days Payable of 51.45 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on National Refinery and its competitors. This is 60% above median its historical median of 32.06. Over the past decade, National Refinery's Days Payable has ranged from 22.11 to 69.40. According to the industry distribution chart, National Refinery ranks #561 out of 851 companies in the Oil & Gas industry, placing it in the top 65.9%.
Is National Refinery's Days Payable too high?
National Refinery's current Days Payable of 51.45 is 60% above median its 10-year median of 32.06. Over the past 10 years, this metric has ranged from a low of 22.11 to a high of 69.40. The Oil & Gas industry median Days Payable is 57.95. National Refinery's value of 51.45 is 11.2% below this industry median. Based on the distribution chart, National Refinery ranks #561 out of 851 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 Payable compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, National Refinery ranks #561 out of 851 companies for Days Payable. This places National Refinery in the lower half of its industry. The industry median Days Payable is 57.95. National Refinery's value of 51.45 is 11.2% below this benchmark. Historically, National Refinery's own Days Payable has ranged from 22.11 to 69.40 over the past decade. While the company's 10-year median is 32.06 vs. the industry median of 57.95, National Refinery has consistently been below 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 Payable for an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.95, based on 851 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Refinery's current Days Payable of 51.45 is 11.2% below 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 Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on National Refinery and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Refinery's current Days Payable is 51.45, which is 60% above median its own 10-year median of 32.06. 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 ₨331.17, compared to a current price of ₨371.03 — trading 12% above its estimated fair value. The current Days Payable is 51.45, which is 60% above median its 10-year median of 32.06 and 11.2% below the Oil & Gas industry median of 57.95. 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 Payable calculated?
Days Payable is calculated from a company's financial statements. For National Refinery (KAR:NRL), the current Days Payable is 51.45 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 ₨371.03 is trading 12% above its estimated GF Value™ of ₨331.17.
GuruFocus considers National Refinery to be Modestly Overvalued.
Key valuation signals for KAR:NRL:
Days Payable: 51.45 (60% above median its 10-year median of 32.06)
GF Value™: ₨331.17 vs. price of ₨371.03 (12% above fair value)
Industry Position: 11.2% below the Oil & Gas median (#561 of 851)
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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