National Refinery (KAR:NRL) Total Operating Expense: ₨3,557 Mil (TTM As of Mar. 2026)


KAR:NRL National Refinery Ltd KAR:NRL
69 GF Score
Price ₨397.63
GF Value ₨331.61
Valuation Modestly Overvalued
! 4 Warning Signs
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What is National Refinery Total Operating Expense?

National Refinery KAR:NRL +1.56% 69 Total Operating Expense is ₨3,557 Mil as of Mar. 2026. GuruFocus rates KAR:NRL with a GF Score™ of 69/100 and a GF Value™ of ₨331.61 (Modestly Overvalued). The stock has 4 warning signs investors should review.

National Refinery's Total Operating Expense for the three months ended in Mar. 2026 was ₨1,697 Mil. National Refinery's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₨3,557 Mil.

National Refinery Total Operating Expense Related Terms

National Refinery Total Operating Expense Historical Data

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The historical data trend for National Refinery's Total Operating Expense 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 Total Operating Expense Chart

National Refinery Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,942.32 3,169.11 2,517.45 1,864.44 1,965.29

National Refinery Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 588.65 481.97 562.49 815.84 1,696.90
KAR:NRL
69GF Score
National Refinery Ltd KAR:NRL
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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National Refinery Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₨3,557 Mil.

* 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.

What does a Total Operating Expense of ₨3,557 Mil mean?
National Refinery (KAR:NRL) has a Total Operating Expense of ₨3,557 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on National Refinery and its competitors.
Is National Refinery's Total Operating Expense too high?
National Refinery's current Total Operating Expense is ₨3,557 Mil. 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 Total Operating Expense compare to VLO and MPC?
National Refinery's Total Operating Expense of ₨3,557 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 Total Operating Expense for an Oil & Gas company?
A good Total Operating Expense depends on the Oil & Gas industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on National Refinery and its competitors. National Refinery's current Total Operating Expense is ₨3,557 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 Modestly Overvalued. The stock's GF Value™ is ₨331.61, compared to a current price of ₨397.63 — trading 19.9% above its estimated fair value. The current Total Operating Expense is ₨3,557 Mil. 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 Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For National Refinery (KAR:NRL), the current Total Operating Expense is ₨3,557 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 ₨397.63 is trading 19.9% above its estimated GF Value™ of ₨331.61. GuruFocus considers National Refinery to be Modestly Overvalued.

Key valuation signals for KAR:NRL:

  • Total Operating Expense: ₨3,557 Mil
  • GF Value™: ₨331.61 vs. price of ₨397.63 (19.9% 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

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

₨397.63
Price
₨331.61
GF Value