National Refinery (KAR:NRL) Moat Score: 0/10 (As of Jul. 08, 2026)


KAR:NRL National Refinery Ltd KAR:NRL
69 GF Score
Price ₨378.54
GF Value ₨331.42
Valuation Modestly Overvalued
! 4 Warning Signs
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What is National Refinery Moat Score?

National Refinery has the Moat Score of 0, which implies that the company might have No Moat - No discernible moat.

National Refinery has

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes National Refinery might have No Moat - No discernible moat.

National Refinery  (KAR:NRL) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

National Refinery Moat Score Related Terms

KAR:NRL
69GF Score
National Refinery Ltd KAR:NRL
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Is National Refinery (KAR:NRL) Overvalued in 2026?

Based on GuruFocus' analysis, National Refinery stock appears to be overvalued. The current stock price of ₨378.54 is trading 14.2% above its estimated GF Value™ of ₨331.42. GuruFocus considers National Refinery to be Modestly Overvalued.

Key valuation signals for KAR:NRL:

  • Moat Score: 0
  • GF Value™: ₨331.42 vs. price of ₨378.54 (14.2% above fair value)
  • GF Score™: 69/100 with 4 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.
69GF Score

Get the complete analysis for KAR:NRL

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

₨378.54
Price
₨331.42
GF Value