National Refinery (KAR:NRL) Dividend-Payout-to-FFO

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KAR:NRL National Refinery Ltd KAR:NRL
68 GF Score
Price ₨525.16
GF Value ₨408.39
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is National Refinery Dividend-Payout-to-FFO?

Dividend-Payout-to-FFO only applies to REITs.

KAR:NRL
68GF Score
National Refinery Ltd KAR:NRL
Dividend-Payout-to-FFO is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Based on GuruFocus' analysis, National Refinery stock appears to be overvalued. The current stock price of ₨525.16 is trading 28.6% above its estimated GF Value™ of ₨408.39. GuruFocus considers National Refinery to be Modestly Overvalued.

Key valuation signals for KAR:NRL:

  • Dividend-Payout-to-FFO:
  • GF Value™: ₨408.39 vs. price of ₨525.16 (28.6% above fair value)
  • GF Score™: 68/100 with 6 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 Limited (NRL) is a Pakistan-based oil refining company engaged in the processing of crude oil into a range of petroleum products. It operates refineries that produce fuels such as high-speed diesel, motor gasoline, furnace oil, and kerosene, alongside specialty products including lube base oils, bitumen, and BTX (benzene, toluene, xylene) aromatics. The company serves domestic and export markets, supplying fuel products for transportation and industrial use, lubricants for automotive and industrial applications, and asphalt for road construction. Its revenue is derived primarily from the sale of refined petroleum products, with high-speed diesel and motor gasoline accounting for the largest shares, followed by lube base oils, furnace oil, and bitumen. NRL is part of the Attock Group of companies and operates as one of Pakistan's larger refining complexes.
68GF Score

Get the complete analysis for KAR:NRL

Dividend-Payout-to-FFO is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₨525.16
Price
₨408.39
GF Value