Arun Valley Hydropower Development Co. Ltd.

HydroPowerHigh Cap

NPR 265.90

NPR -2.1-0.78%

09:14 AM NPT · Aug 7, 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

268.80

High

268.90

Low

265.00

Prev Close

268.00

Volume

37,465

Turnover

Rs 9,973,372

Txns

Valuation · Q3 FY25/26

EPS Ann.

4.41

EPS TTM

5.94

BVPS

110.71

P/E Ann.

60.29

P/E TTM

44.76

Graham #

104.81

Capital

Mkt Cap

10.23 Arab

Total

3.85 Crore

Public

3.85 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Sell

RSI

Strong Buy

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Strong

Momentum

RSI (14)

24.42

ADX

33.98

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

269.6

SMA 50

269.93

Bands & Channels

BB Width %

7.81%

Volume & Flow

OBV

17,196,953

Flow Analysis

[ Live 2026-08-07 ]

Total Buy

193,886

Shares Bought

Total Sell

193,886

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 52%

Distribution 48%

Accumulators

Quantity

63,642

Amount

17,070,705

Avg Rate

268.23

Rank

#38

Brokers

#57#34#8#6#42

Distributors

Quantity

59,070

Amount

15,777,990

Avg Rate

267.11

Rank

#42

Brokers

#35#25#49#32

Net Flow Impact:

+4,572units

(Rs. 1,292,715)

Net Flow by Timeframe

AHPC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 236,442 ]

Buy Side

Total: 109,077

Broker

QTY

AVG

NET

18,183

269.31

+12,431

9.4%

16,467

267.32

+12,152

8.5%

11,237

268.25

+7,903

5.8%

10,967

268.42

+2,772

5.7%

9,123

267.40

+4,808

4.7%

8,632

268.55

+8,632

4.5%

6,116

268.04

+3,116

3.1%

4,877

267.40

+4,467

2.5%

3,640

268.53

+1,688

1.9%

3,630

267.31

+1,743

1.9%

3,505

267.44

+2,165

1.8%

3,350

265.00

+3,300

1.7%

3,200

269.53

+2,025

1.6%

3,100

266.75

+2,471

1.6%

3,050

268.18

+2,983

1.6%

Sell Side

Total: 127,365

Broker

QTY

AVG

NET

22,398

266.74

-14,508

11.6%

13,425

266.40

-11,071

6.9%

11,777

269.61

-9,602

6.1%

11,470

266.08

-11,351

5.9%

10,975

267.23

-1,855

5.7%

9,339

269.37

-4,905

4.8%

8,358

266.23

-7,881

4.3%

6,862

268.18

-4,471

3.5%

6,593

269.18

-2,796

3.4%

6,500

268.55

-6,241

3.4%

5,911

267.66

-565

3.0%

4,647

265.71

-3,117

2.4%

3,339

268.87

-2,109

1.7%

3,208

268.94

-2,058

1.6%

2,563

271.02

-1,813

1.3%

Financial Fundamentals

Financial Metric	FY25/26 Q3	FY24/25 Q3	FY23/24 Q3	FY22/23 Q3	Growth %
Sources of Fund
Equity
Paid up Capital	4,040,403	3,848,003	1,867,963	0	+5.00%
Reserves and Surplus	0.00	0.00	0.00	0	-
Other Equity	432,889	367,881	65,202	0	+17.67%
Total Equity	4,473,292	4,215,884	1,933,165	0	+6.11%
Non Current Liabilities
Financial Liabilities	248,503	276,469	1,252,545	0	-10.12%
Other Non Current Liabilities	0.00	0.00	0.00	0	-
Total Non Current Liabilities	248,503	276,469	1,252,545	0	-10.12%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	2,540,143	2,567,166	2,509,914	0	-1.05%
Capital Work In Progress	107,956	104,482	114,960	0	+3.32%
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	2,648,099	2,671,648	2,624,874	0	-0.88%
Current Assets
Receivables	39,238	34,315	23,816	0	+14.35%
Inventories	0.00	0.00	0.00	0	-
Cash and Cash Equivalent	581,391	326,898	120,254	0	+77.85%
Financial Assets	1,355,884	1,407,436	771,560	0	-3.66%
Other Current Assets	149,300	141,040	167,619	0	+5.86%
Total Current Assets (A)	2,125,813	1,909,689	1,083,250	0	+11.32%
Current Liabilities
Financial Liabilities	248,503	276,469	1,252,545	0	-10.12%
Payables	0.00	0.00	0.00	0	-
Other Current Liabilities	37,253	77,158	46,015	0	-51.72%
Total Current Liabilities (B)	52,117	88,984	522,414	0	-41.43%
Net Current Assets (A-B)	2,073,697	1,820,705	560,836	0	+13.90%

Sector Peers — HydroPower (30)

Peer Comparison

HydroPower SECTOR — NEPAL

2025/2026 Q3

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	414	+0.91	+0.22%	0	0.05	71.36	0.24	4.27	-19.31	-13.75	-	-	-94.75	10.28	-28.49	-36.11	48.01	0.24	-5.08	-3.62%	2.52	-24.52	-17.46%	-
AKJCL	363	-11	-2.94%	0.01	0.09	92.42	2.95	0.38	2.56	2.28	68.86	47.65	22.22	5.79	156.88	181.14	62.12	2.95	1.96	1.75%	7.44	2.8	2.5%	100
AKPL	256.6	-1.39	-0.54%	0.01	0.1	103.42	0.87	0.85	4.92	7.23	129.71	55.12	28.85	3.58	56.5	36.93	28.98	0.87	2.8	4.12%	9.41	4.92	7.24%	97.9
APHL	828	0	0%	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
API	330	-1.89	-0.57%	0.02	0.12	115.32	0.26	1.19	13.76	11.48	172.59	29.36	50.48	4.03	25.31	30.31	22.7	0.26	5.89	4.91%	13.73	12.51	10.44%	85.97
APPOLO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BARUN	321.2	-1.48	-0.46%	0	0.08	107.72	12.05	0.23	2.01	2.96	84.7	45.66	22.49	4.58	184.03	114.86	73.5	12.05	1.85	2.73%	5.24	2.48	3.66%	100
BEDC	323	+1	+0.31%	0	0.08	47.88	3.66	2.22	-0.12	-2.01	-	119.74	-1.02	12.92	-3,866.67	-179.6	68.06	3.66	-0.07	-1.29%	7.13	-0.25	-4.1%	-
BENI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BGWT	556	-1	-0.18%	0	0.19	112.67	13.69	0.29	11.16	11.9	173.69	9.23	43.93	8.91	67.47	55.13	52.7	13.69	8.15	8.69%	12.92	10.39	11.08%	88.19
BHCL	489	-4.99	-1.01%	0.01	0.15	109.64	5.1	0.29	10.43	11.11	165.55	17.6	51.48	6.77	53.4	53.47	48.86	5.1	7.92	8.44%	12.45	13	13.85%	97.02
BHDC	426	-3.48	-0.81%	0.01	0.16	117.43	2.91	1.09	13.22	9.42	157.76	46.51	33.32	5.55	36.97	49.15	21.89	2.91	5.39	3.84%	13.43	11.89	8.46%	99.99
BHL	208.9	-1.09	-0.52%	0.01	0.14	79.95	2.55	1.97	8.59	4.6	90.97	65.21	26.82	3.85	26.9	-	12.82	2.53	3.64	1.95%	13.17	10.99	5.88%	85.68
BHPL	497	-2	-0.4%	0	0.08	50.03	1.43	1.97	-0.59	-3.5	-	182.17	-4.61	14.92	-948.98	-156.74	78.42	1.25	-0.39	-2.31%	7.73	-1.11	-6.64%	-
BJHL	694	-10	-1.42%	0.01	0.09	88.82	48.25	1.06	-3.26	-	-	297.83	-19.68	18.61	-380.37	-	133.23	48.25	-1.77	-	6.48	-3.67	-	-
BNHC	286.2	-4.8	-1.65%	0	0.15	84.3	0.6	2.94	7.78	0.05	9.74	101.79	15.94	5.58	45.37	6,676	12.86	0.6	2.31	0.01%	13.59	9.29	0.05%	100
BPCL	650	-3	-0.46%	0.02	0.11	210.33	6.81	0.09	11.71	9.24	209.11	3.43	48.06	4.53	61.05	73.58	52.17	6.45	5.05	3.99%	6.51	5.6	4.42%	81.76
BUNGAL	584.8	-0.29	-0.05%	0.01	0.11	84.68	0.2	3.26	-0.79	-	-	-	-2.06	9.68	-778.48	-	28.76	0.2	-0.21	-	5.6	-0.92	-	-
CHCL	486	-6	-1.22%	0.05	0.09	121	22.01	0.04	6.42	6.63	134.35	-	55.48	5.46	77.17	74.72	76.1	21.29	5.13	5.3%	6.71	5.35	5.52%	72.57
CHL	268	-2	-0.74%	0	0.14	85.09	2.22	1.03	3.25	1.21	48.13	85.57	13.54	4.69	92	240.5	22.12	2.17	1.89	0.7%	10.45	5.8	2.16%	100.94
CKHL	584	+5.78	+1%	0	0.11	90.17	0.42	2.23	4.3	0.65	36.31	75.54	12.75	10.56	166.05	1,023.08	37.64	0.42	1.44	0.21%	10.27	4.63	0.69%	100
DHEL	584.9	+8.93	+1.55%	0.01	0.04	128.02	0.7	1.31	-4.33	-	-	284.93	-38.81	6.74	-149.42	-	103.07	0.7	-1.47	-	3.75	-3.37	-	-
DHPL	290	-2.99	-1.02%	0	0.13	5.06	0.15	55.11	2.92	1.06	10.99	100.65	7.86	82.71	107.5	284.91	15.02	0.15	1	0.36%	13.76	60.96	22.15%	100
DOLTI	320	0	0%	0	0.1	58.54	0.94	2.25	0.83	-2.27	-	118.77	4.27	10.91	577.11	-154.19	43.89	0.94	0.43	-1.18%	9.4	1.39	-3.79%	100
DORDI	247	-7.01	-2.76%	0.01	0.08	105.5	5.6	0.68	0.83	-0.88	-	71.37	6.37	3.72	354.22	-311.14	40.16	5.44	0.51	-0.53%	6.24	1.12	-1.19%	101.05
EHPL	344	0	0%	0	0.14	77.73	2.59	1.27	6.42	4.37	87.42	54.08	25.2	7.24	65.73	88.76	29.44	2.59	3.61	2.45%	13.16	8.48	5.77%	97.99
GHL	228	-0.5	-0.22%	0	0.06	95.07	20.91	0.44	-2.15	-2.14	-	256.14	-28.16	3.62	-120	-109.81	60.03	20.91	-1.55	-1.54%	3.37	-2.24	-2.23%	-
GLH	256.9	-0.49	-0.19%	0	0.09	111.36	0.02	4.66	2.18	2.61	80.87	0.39	4.09	3.36	128.9	101.53	9.38	0.02	0.36	0.43%	0.36	1.97	2.37%	100
GVL	482	+1.78	+0.37%	0.02	0.16	125.77	1.95	1.5	19.18	14.85	204.99	58.62	38.15	5.3	26.07	33	17.69	1.64	5.97	4.63%	10.15	16.12	12.49%	100
HDHPC	208	-1.91	-0.91%	0.01	0.04	74.09	1.64	0.12	-4.36	-3.05	-	-	-131.6	4.49	-57.18	-71.77	133.49	1.64	-5.25	-3.67%	-0.99	-5.81	-4.07%	-

AVG	411.66	-1.75	-0.52%	0.01	0.107	94.57	5.95	3.43	3.61	3.09	109.75	92.49	7.06	9.94	-148.92	352.074	49.374	5.89	1.83	1.68%	8.3	5.47	3.3%	95.21
MED	353.5	-1.44	-0.46%	0	0.1	92.42	2.22	1.19	2.92	2.45	90.97	65.21	13.54	5.58	53.4	53.47	43.89	2.17	1.85	1.23%	7.73	4.63	3.08%	100
MAX	828	8.93	1.55%	0.05	0.19	210.33	48.25	55.11	19.18	14.85	209.11	297.83	55.48	82.71	577.11	6,676	133.49	48.25	8.15	8.69%	13.76	60.96	22.15%	101.05
MIN	208	-11	-2.94%	0	0.04	5.06	0.02	0.04	-19.31	-13.75	9.74	0.39	-131.6	3.36	-3,866.67	-311.14	9.38	0.02	-5.25	-3.67%	-0.99	-24.52	-17.46%	72.57