Arun Valley Hydropower Development Co. Ltd.

HydroPowerHigh Cap

NPR 266.90

NPR +0.7+0.26%

09:14 AM NPT · Sep 24, 2026

Est. 1998-03-12 · 2nd Floor Trade Tower, Nepal, Thapathali, Kathmandu, Nepal · CEO: Jeevan Raj Shakya

Arun Valley Hydropower Development Company Ltd. (AHPC) is a Nepal-based hydropower firm that develops, owns, and operates run-of-the-river hydro-electric projects.Its flagship project is the 3 MW Piluwa Khola Hydropower Project in Sankhuwasabha District its first operational plant since 2003. Over time, AHPC expanded: its portfolio now includes multiple projects (either operational or under development), giving it substantial presence in Nepal’s hydropower sector. As of recent years, AHPC and its group companies reportedly control around 79.74 MW of projects (operational + under construction) combining projects developed by AHPC itself and through associate companies. Despite the inherent risks associated with river-flow variability (hydrology risk), project stabilization, and exposure to group-company obligations, AHPC benefits from experienced promoters/management, power purchase agreements (PPAs) with the national utility, and diversified project pipeline. Recently (2024), AHPC successfully resumed operations of its 9.94 MW Kabeli B-1 Cascade Hydroelectric Project (KBHEP) after earlier flood-related shutdown improving its financial stability. In its latest corporate action, AHPC proposed an 8.421% dividend (8% bonus share + 0.421% cash) for fiscal year 2081/82 a sign of continued commitment to shareholders.

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Trading

Open

267.00

High

267.00

Low

264.00

Prev Close

266.20

Volume

60,584

Turnover

Rs 16,096,169.4

Txns

228

Valuation · Q4 FY25/26

EPS Ann.

3.41

EPS TTM

3.41

BVPS

109.71

P/E Ann.

78.27

P/E TTM

78.27

Graham #

91.75

Capital

Mkt Cap

10.27 Arab

Total

3.85 Crore

Public

3.85 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Sell

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Very Strong

Momentum

RSI (14)

72.05

ADX

42.72

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

259.14

SMA 50

264.07

Bands & Channels

BB Width %

13.34%

Volume & Flow

OBV

17,585,784

Flow Analysis

[ Live 2026-09-24 ]

Total Buy

308,852

Shares Bought

Total Sell

308,852

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 57%

Distribution 43%

Accumulators

Quantity

95,494

Amount

25,707,985

Avg Rate

269.21

Rank

#35

Brokers

#57#85#44#58

Distributors

Quantity

72,428

Amount

19,448,366

Avg Rate

268.52

Rank

#40

Brokers

#45#49#14#29

Net Flow Impact:

+23,066units

(Rs. 6,259,619)

Net Flow by Timeframe

AHPC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 349,560 ]

Buy Side

Total: 206,501

Broker

QTY

AVG

NET

41,457

269.81

+32,429

13.4%

25,631

270.01

+2,385

8.3%

24,365

268.98

+6,473

7.9%

17,276

267.95

+8,153

5.6%

14,407

268.84

+2,448

4.7%

12,396

269.40

+10,420

4.0%

11,594

268.00

+3,429

3.8%

11,530

267.38

+746

3.7%

9,801

268.78

+4,095

3.2%

9,131

268.30

+5,291

3.0%

7,757

266.80

+194

2.5%

5,869

268.22

+3,300

1.9%

5,430

267.66

+5,220

1.8%

5,050

270.21

+1,700

1.6%

4,807

270.85

+4,016

1.6%

Sell Side

Total: 143,059

Broker

QTY

AVG

NET

24,770

269.84

-15,075

8.0%

20,977

266.78

-11,914

6.8%

16,603

268.26

-11,368

5.4%

12,674

269.45

-8,096

4.1%

11,000

267.20

-7,950

3.6%

10,078

269.32

-8,314

3.3%

7,293

270.15

-6,816

2.4%

6,500

271.07

-6,500

2.1%

6,090

271.49

-3,972

2.0%

5,504

269.01

-3,404

1.8%

5,239

270.67

-4,107

1.7%

4,347

270.54

-2,787

1.4%

4,264

268.48

-1,469

1.4%

3,955

270.06

-1,053

1.3%

3,765

269.52

-3,592

1.2%

Financial Fundamentals

Financial Metric	FY25/26 Q4	FY24/25 Q4	FY23/24 Q4	FY22/23 Q4	Growth %
Sources of Fund
Equity
Paid up Capital	4,040,403	3,848,003	3,735,925	0	+5.00%
Reserves and Surplus	0.00	0.00	0.00	0	-
Other Equity	392,136	471,238	147,557	0	-16.79%
Total Equity	4,432,539	4,319,241	3,883,482	0	+2.62%
Non Current Liabilities
Financial Liabilities	244,893	244,016	406,564	0	+0.36%
Other Non Current Liabilities	0.00	0.00	0.00	0	-
Total Non Current Liabilities	244,893	244,016	406,564	0	+0.36%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	2,526,122	2,629,219	2,700,152	0	-3.92%
Capital Work In Progress	108,286	105,247	114,960	0	+2.89%
Intangible Assets	0.00	0.00	0.00	0	-
Financial Assets (Investments)	0.00	0.00	0.00	0	-
Other Non Current Assets	0.00	0.00	0.00	0	-
Total Non Current Assets	2,634,407	2,734,466	2,815,113	0	-3.66%
Current Assets
Receivables	33,075	54,396	39,220	0	-39.20%
Inventories	0.00	0.00	0.00	0	-
Cash and Cash Equivalent	578,139	542,793	55,561	0	+6.51%
Financial Assets	1,419,623	1,254,527	1,229,930	0	+13.16%
Other Current Assets	55,745	167,488	248,018	0	-66.72%
Total Current Assets (A)	2,086,582	2,019,204	1,572,729	0	+3.34%
Current Liabilities
Financial Liabilities	244,893	244,016	406,564	0	+0.36%
Payables	0.00	0.00	0.00	0	-
Other Current Liabilities	28,281	119,836	87,957	0	-76.40%
Total Current Liabilities (B)	43,557	190,412	97,796	0	-77.12%
Net Current Assets (A-B)	2,043,025	1,828,792	1,474,934	0	+11.71%

Sector Peers — HydroPower (30)

Peer Comparison

HydroPower SECTOR — NEPAL

2025/2026 Q4

NPR/Millions

Statement

Highlight

TICKER	Market				Key Ratios
	Price	Chg	Chg%	Mkt Cap (M)	Asset Turnover	Book Value Per Share	Current Ratio	Debt to Equity	EPS (Annualized)	EPS (TTM)	Graham's Number	Interest Coverage	Net Profit Margin	P/B	P/E (Annualized)	P/E (TTM)	P/S	Quick Ratio	ROA (Annualized)	ROA (TTM)%	ROCE	ROE (Annualized)	ROE (TTM)%	Tax Burden
AHL	402.7	+10.7	+2.73%	0	0.06	68.43	0.28	4.81	-17.41	-17.41	-	-	-72.65	6.05	-23.78	-22.69	17.28	0.28	-4.43	-4.43%	0.3	-22.42	-22.42%	-
AKJCL	358	0	0%	0.01	0.09	93.69	3.15	0.37	3.18	3.18	81.88	45.61	28.35	3.6	105.97	112.89	30.06	3.12	2.45	2.45%	7.6	3.45	3.45%	100
AKPL	253	+1.41	+0.56%	0.01	0.06	101.77	0.7	0.85	1.02	1.02	48.33	79.07	12.99	2.45	244.12	253.82	31.64	0.7	0.75	0.75%	3.93	1.34	1.34%	109.6
APHL	671	+9.72	+1.47%	0	0.04	102.41	0.51	2.26	-4.12	-	-	-	-28.49	8	-198.79	-	56.64	0.48	-1.23	-	-0.11	-4.02	-	-
API	334.8	+0.8	+0.24%	0.02	0.12	119.51	0.41	1.05	15.06	15.06	201.24	38.4	54.37	2.68	21.29	22.31	11.58	0.41	6.48	6.48%	11.25	13.36	13.36%	85.19
APPOLO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BARUN	326	-2.99	-0.91%	0	0.09	108.19	6.74	0.23	2.08	2.08	71.16	40.72	21.39	2.96	153.8	161.06	32.88	6.74	1.91	1.91%	5.63	2.54	2.54%	85.88
BEDC	308.9	+1.9	+0.62%	0	0.07	46.28	4.95	2.24	-1.7	-1.7	-	218.78	-14.77	6.66	-181.18	-182.94	26.83	4.95	-1.1	-1.1%	6.83	-3.59	-3.59%	-
BENI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BGWT	492	+4.92	+1.01%	0	0.16	113.3	6.45	0.28	9.01	9.01	151.55	10.83	39.64	4.82	60.6	53.39	24.03	6.45	6.53	6.53%	11.28	8.22	8.22%	88.19
BHCL	574.8	+15.82	+2.83%	0.01	0.15	112.53	2.14	0.16	10.81	10.81	165.44	15.96	51.47	4	41.63	50.32	21.43	2.14	7.51	7.51%	13.6	10.08	10.08%	96.98
BHDC	433.4	+2.41	+0.56%	0.01	0.15	118.32	2.69	1.28	11.79	11.79	177.16	49.43	30.69	3.58	35.88	36.94	11.01	2.69	4.6	4.6%	12.4	10.59	10.59%	97.41
BHL	212.2	+0.19	+0.09%	0.01	0.13	81.22	1.8	1.96	7.72	7.72	118.78	62.35	24.48	2.51	26.42	28.15	6.47	1.72	3.23	3.23%	12.25	9.91	9.91%	83.13
BHPL	447.5	-0.49	-0.11%	0	0.08	50.03	1.14	1.86	-0.3	-0.3	-	133.02	-2.63	9.16	-1,527.67	-1,566.67	40.59	1.04	-0.2	-0.2%	8.83	-0.57	-0.57%	-
BJHL	643	+8.88	+1.4%	0.01	0.09	88.95	2.57	1.05	-2.6	-	-	233.82	-15.28	7.66	-261.92	-	40.04	2.57	-1.42	-	6.85	-2.92	-	-
BNHC	278.5	+1.91	+0.69%	0	0.13	100.59	7.62	0.97	1.49	1.49	58.07	111.02	6.46	2.76	186.58	188.86	12.02	7.62	0.8	0.8%	9.68	2.14	2.14%	97.01
BPCL	676	+1.08	+0.16%	0.02	0.1	210.87	7.05	0.09	9.84	9.84	216.07	3.19	41.84	3.17	67.89	70.93	28.41	6.52	4.18	4.18%	5.36	4.69	4.69%	80.94
BUNGAL	514	+3.01	+0.59%	0	0.09	81.42	0.21	3.4	-3.84	-	-	-	-11.28	7.18	-152.34	-	17.19	0.21	-1.07	-	4.34	-4.71	-	-
CHCL	352	-2.52	-0.71%	0.03	0.1	123.9	25.95	0.04	7.59	7.59	145.46	-	61.66	3.83	62.6	48.71	38.59	24.62	5.98	5.98%	7.15	6.2	6.2%	78.75
CHL	267	+1.99	+0.75%	0	0.13	84.29	2.08	1.03	1.72	1.72	57.11	92.02	7.56	3.04	148.84	155.81	11.25	2.03	1	1%	9.26	3.12	3.12%	101.74
CKHL	582.4	-4.58	-0.78%	0	0.11	100.19	0.83	1.96	13.25	13.25	172.83	77.7	40.33	6.37	48.15	44.98	19.42	0.83	4.44	4.44%	9.73	13.85	13.85%	100
DHEL	554	-1	-0.18%	0.01	0.04	118.14	0.45	1.37	-9.88	-	-	-	-89.33	4.57	-54.67	-	48.83	0.45	-3.52	-	2.24	-8.36	-	-
DHPL	275	+1.99	+0.73%	0	0.14	8.38	0.23	33.09	5.51	5.51	32.23	84.53	13.93	32.82	49.91	50.73	6.95	0.23	1.89	1.89%	14.84	93.63	93.63%	100
DOLTI	299	-4.99	-1.64%	0	0.1	59.87	1.11	2.2	0.87	0.87	34.23	125.13	4.65	5.31	365.4	355.17	17.08	1.11	0.45	0.45%	9.33	1.48	1.48%	100
DORDI	263	+1	+0.38%	0.01	0.07	106.3	1.83	0.91	1.42	1.42	58.28	57.15	10.91	2.32	173.94	185.14	18.97	1.81	0.76	0.76%	5.94	1.35	1.35%	106.79
EHPL	326.8	+0.81	+0.25%	0	0.13	76.3	2.47	1.28	3.39	3.39	76.29	69.82	14.32	4.3	96.84	98.82	13.86	2.47	1.93	1.93%	11.58	4.54	4.54%	98
GHL	253.7	-3.29	-1.28%	0	0.06	95.05	4.74	0.45	-1.33	-1.33	-	154.32	-15.98	2.26	-161.65	-182.93	25.9	4.74	-0.94	-0.94%	3.92	-1.38	-1.38%	-
GLH	278.8	-0.39	-0.14%	0.01	0.1	112.05	0.03	4.81	2.33	2.33	76.64	0.32	3.68	2.17	104.29	117.38	3.84	0.03	0.37	0.37%	0.39	2.09	2.09%	100
GVL	489.3	-0.69	-0.14%	0.02	0.14	124.33	1.4	1.52	12.94	12.94	190.26	82.6	29.87	3.86	37.09	38.25	11.09	1.24	4.07	4.07%	8.29	10.94	10.94%	97.08
HDHPC	220.3	+0.31	+0.14%	0.01	0.03	71.97	0.21	0.22	-3.4	-3.4	-	-	-136.81	2.82	-59.71	-64.85	81.53	0.21	-3.95	-3.95%	1.09	-4.59	-4.59%	-

AVG	395.97	1.71	0.33%	0.01	0.099	95.65	3.2	2.56	2.73	4.04	112.26	81.17	3.98	5.39	-21.09	2.232	25.193	3.12	1.48	2.03%	7.28	5.39	7.12%	95.09
MED	343.4	0.91	0.25%	0	0.1	100.39	1.82	1.17	1.9	2.76	81.88	73.76	11.95	3.845	44.89	50.525	20.425	1.77	0.9	1.9%	7.38	2.34	3.29%	97.41
MAX	676	15.82	2.83%	0.03	0.16	210.87	25.95	33.09	15.06	15.06	216.07	233.82	61.66	32.82	365.4	355.17	81.53	24.62	7.51	7.51%	14.84	93.63	93.63%	109.6
MIN	212.2	-4.99	-1.64%	0	0.03	8.38	0.03	0.04	-17.41	-17.41	32.23	0.32	-136.81	2.17	-1,527.67	-1,566.67	3.84	0.03	-4.43	-4.43%	-0.11	-22.42	-22.42%	78.75