Bhugol Energy Development Company Limited

HydroPowerLow Cap

NPR 308.90

NPR +1.9+0.62%

09:14 AM NPT · Sep 24, 2026

Est. February 16, 2009 · Kathmandu, Nepal · CEO: Hari Prasad Pandey

Bhugol Energy Development Company Limited (BEDC) is a Nepal-based hydropower developer committed to producing clean, renewable, and sustainable energy through run-of-the-river hydropower projects. Established on February 16, 2009 as a private company and later upgraded to a public limited company on October 31, 2017, BEDC aims to support Nepal’s growing electricity demand while contributing to national energy independence and rural development. The company operates from its head office located at Thapagaun/Buddhanagar, Kathmandu, overseeing project development, engineering, operation, and environmental management. BEDC’s flagship project, the 3.75 MW Dwari Khola Small Hydropower Project in Dailekh, began commercial production in 2017 and has since become a stable source of hydroelectric supply to the national grid. The company continues to explore and expand its hydropower portfolio by investing in new survey licenses and run-of-river project opportunities across Nepal’s hilly regions. BEDC’s operational model emphasizes local employment generation, regional infrastructure improvement, and environmentally responsible development practices. As a publicly listed company on NEPSE under the symbol BEDC, it adheres to corporate governance, financial transparency, and public reporting standards. Although BEDC has faced challenges such as credit-rating downgrades and operational risks typical of Nepal’s hydropower sector—like seasonal water-flow fluctuations and financing constraints it continues to position itself as a reliable clean-energy developer in the country.BEDC remains focused on long-term energy generation, shareholder value creation, and supporting Nepal’s national ambition of becoming an electricity exporter through hydropower expansion.

Trading

Open

309.80

High

309.90

Low

304.00

Prev Close

307.00

Volume

8,528

Turnover

Rs 2,619,360

Txns

72

Valuation · Q4 FY25/26

EPS Ann.

-1.70

EPS TTM

-1.70

BVPS

46.28

P/E Ann.

-181.71

P/E TTM

-181.71

Graham #

N/A

Capital

Mkt Cap

1.68 Arab

Total

54.41 Lakh

Public

10.88 Lakh

Promoter

43.52 Lakh

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Sell

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Strong

Momentum

RSI (14)

71.23

ADX

36.68

Overall Score

83
Above Line

Technical Score

Moving Averages

SMA 20

296.68

SMA 50

310.8

Bands & Channels

BB Width %

15.06%

Volume & Flow

OBV

1,379,698

Flow Analysis

[ Live 2026-09-24 ]

Total Buy

115,696

Shares Bought

Total Sell

115,696

Shares Sold

Net Flow

0

Net Accumulation

Active Brokers

69

Participating

ACCUM/DIST

Accumulation 49%

Distribution 51%

Accumulators

3

Quantity

28,844

Amount

8,945,452

Avg Rate

310.13

Rank

#68

Brokers

#48#36#38

Distributors

4

Quantity

30,281

Amount

9,436,888

Avg Rate

311.64

Rank

#64

Brokers

#35#7#14#32

Net Flow Impact:

-1,437units
(Rs. -491,436)

Net Flow by Timeframe

BEDC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 145,173 ]

Buy Side

Total: 71,608

Broker

QTY

AVG

NET

%

48

13,964

309.10

+11,764

12.1%

36

9,432

311.17

+8,822

8.2%

38

5,448

310.97

+4,558

4.7%

57

5,434

315.37

+2,535

4.7%

42

4,894

313.04

+1,384

4.2%

47

4,447

312.74

+1,107

3.8%

64

4,135

307.49

+3,968

3.6%

49

4,012

313.36

+1,318

3.5%

62

3,656

308.20

+3,015

3.2%

56

3,288

306.98

+2,728

2.8%

54

3,157

315.89

+2,417

2.7%

22

2,818

308.19

+1,969

2.4%

33

2,760

308.98

+2,550

2.4%

28

2,170

313.12

+318

1.9%

25

1,993

307.97

+1,993

1.7%

Sell Side

Total: 73,565

Broker

QTY

AVG

NET

%

35

12,002

314.81

-10,702

10.4%

58

9,779

308.48

-2,274

8.4%

7

6,660

308.49

-6,450

5.8%

14

5,936

311.03

-5,611

5.1%

32

5,683

309.28

-5,510

4.9%

74

5,451

311.56

-809

4.7%

45

4,681

309.52

-1,153

4.0%

41

3,995

312.86

-2,735

3.5%

34

3,644

310.86

-101

3.1%

52

3,062

309.08

-2,097

2.6%

13

2,650

312.69

-1,790

2.3%

6

2,640

307.81

-300

2.3%

96

2,593

310.00

-2,518

2.2%

94

2,500

301.16

-2,500

2.2%

17

2,289

311.64

-1,689

2.0%

Financial Fundamentals

Financial MetricFY25/26 Q4FY24/25 Q4FY23/24 Q4FY22/23 Q4Growth %
Sources of Fund
Equity
Paid up Capital544,053544,053544,05300.00%
Reserves and Surplus-292,262-282,060-250,7910-3.62%
Other Equity0.000.000.000-
Total Equity251,792261,994293,2620-3.89%
Non Current Liabilities
Financial Liabilities518,000518,000526,50000.00%
Other Non Current Liabilities0.000.000.000-
Total Non Current Liabilities518,000518,000526,50000.00%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)852.711061.841361.520-19.70%
Capital Work In Progress0.000.000.000-
Intangible Assets584,996610,528634,6200-4.18%
Financial Assets (Investments)0.000.000.000-
Other Non Current Assets0.000.000.000-
Total Non Current Assets585,849611,589635,9820-4.21%
Current Assets
Receivables0.009432.656479.200-100.00%
Inventories0.000.000.000-
Cash and Cash Equivalent4,1408616280+380.54%
Financial Assets0.000.000.000-
Other Current Assets226,372236,100243,3850-4.12%
Total Current Assets (A)230,511246,394250,4930-6.45%
Current Liabilities
Financial Liabilities518,000518,000526,50000.00%
Payables0.0052210.4242552.430-100.00%
Other Current Liabilities3,3823,5803,4600-5.51%
Total Current Liabilities (B)46,56877,99066,7120-40.29%
Net Current Assets (A-B)183,943168,404183,7800+9.23%

Sector Peers — HydroPower (30)

Peer Comparison

HydroPower SECTOR — NEPAL

2025/2026 Q4

NPR/Millions

Statement

Highlight

TICKERMarket
Key Ratios
PriceChgChg%Mkt Cap (M)Asset TurnoverBook Value Per ShareCurrent RatioDebt to EquityEPS (Annualized)EPS (TTM)Interest CoverageNet Profit MarginP/BP/E (Annualized)P/E (TTM)P/SQuick RatioROA (Annualized)ROA (TTM)%ROCEROE (Annualized)ROE (TTM)%

AHL

402.7+10.7+2.73%00.0668.430.284.81-17.41-17.41--72.656.05-23.78-22.6917.280.28-4.43-4.43%0.3-22.42-22.42%

AHPC

266.9+0.69+0.26%0.010.06109.7147.90.073.413.418.4948.032.3976.8679.0336.9247.92.912.91%5.93.153.15%

AKJCL

35800%0.010.0993.693.150.373.183.1845.6128.353.6105.97112.8930.063.122.452.45%7.63.453.45%

AKPL

253+1.41+0.56%0.010.06101.770.70.851.021.0279.0712.992.45244.12253.8231.640.70.750.75%3.931.341.34%

APHL

671+9.72+1.47%00.04102.410.512.26-4.12---28.498-198.79-56.640.48-1.23--0.11-4.02-

API

334.8+0.8+0.24%0.020.12119.510.411.0515.0615.0638.454.372.6821.2922.3111.580.416.486.48%11.2513.3613.36%

APPOLO

----------------------

BARUN

326-2.99-0.91%00.09108.196.740.232.082.0840.7221.392.96153.8161.0632.886.741.911.91%5.632.542.54%

BENI

----------------------

BGWT

492+4.92+1.01%00.16113.36.450.289.019.0110.8339.644.8260.653.3924.036.456.536.53%11.288.228.22%

BHCL

574.8+15.82+2.83%0.010.15112.532.140.1610.8110.8115.9651.47441.6350.3221.432.147.517.51%13.610.0810.08%

BHDC

433.4+2.41+0.56%0.010.15118.322.691.2811.7911.7949.4330.693.5835.8836.9411.012.694.64.6%12.410.5910.59%

BHL

212.2+0.19+0.09%0.010.1381.221.81.967.727.7262.3524.482.5126.4228.156.471.723.233.23%12.259.919.91%

BHPL

447.5-0.49-0.11%00.0850.031.141.86-0.3-0.3133.02-2.639.16-1,527.67-1,566.6740.591.04-0.2-0.2%8.83-0.57-0.57%

BJHL

643+8.88+1.4%0.010.0988.952.571.05-2.6-233.82-15.287.66-261.92-40.042.57-1.42-6.85-2.92-

BNHC

278.5+1.91+0.69%00.13100.597.620.971.491.49111.026.462.76186.58188.8612.027.620.80.8%9.682.142.14%

BPCL

676+1.08+0.16%0.020.1210.877.050.099.849.843.1941.843.1767.8970.9328.416.524.184.18%5.364.694.69%

BUNGAL

514+3.01+0.59%00.0981.420.213.4-3.84---11.287.18-152.34-17.190.21-1.07-4.34-4.71-

CHCL

352-2.52-0.71%0.030.1123.925.950.047.597.59-61.663.8362.648.7138.5924.625.985.98%7.156.26.2%

CHL

267+1.99+0.75%00.1384.292.081.031.721.7292.027.563.04148.84155.8111.252.0311%9.263.123.12%

CKHL

582.4-4.58-0.78%00.11100.190.831.9613.2513.2577.740.336.3748.1544.9819.420.834.444.44%9.7313.8513.85%

DHEL

554-1-0.18%0.010.04118.140.451.37-9.88---89.334.57-54.67-48.830.45-3.52-2.24-8.36-

DHPL

275+1.99+0.73%00.148.380.2333.095.515.5184.5313.9332.8249.9150.736.950.231.891.89%14.8493.6393.63%

DOLTI

299-4.99-1.64%00.159.871.112.20.870.87125.134.655.31365.4355.1717.081.110.450.45%9.331.481.48%

DORDI

263+1+0.38%0.010.07106.31.830.911.421.4257.1510.912.32173.94185.1418.971.810.760.76%5.941.351.35%

EHPL

326.8+0.81+0.25%00.1376.32.471.283.393.3969.8214.324.396.8498.8213.862.471.931.93%11.584.544.54%

GHL

253.7-3.29-1.28%00.0695.054.740.45-1.33-1.33154.32-15.982.26-161.65-182.9325.94.74-0.94-0.94%3.92-1.38-1.38%

GLH

278.8-0.39-0.14%0.010.1112.050.034.812.332.330.323.682.17104.29117.383.840.030.370.37%0.392.092.09%

GVL

489.3-0.69-0.14%0.020.14124.331.41.5212.9412.9482.629.873.8637.0938.2511.091.244.074.07%8.2910.9410.94%

HDHPC

220.3+0.31+0.14%0.010.0371.970.210.22-3.4-3.4--136.812.82-59.71-64.8581.530.21-3.95-3.95%1.09-4.59-4.59%
AVG394.471.670.32%0.010.09897.924.742.482.914.2571.616.225.237-11.8713.14825.5544.661.622.2%7.245.637.4%
MED343.40.810.25%0.010.1101.181.821.052.213.2966.0913.463.71549.0352.0620.4251.771.441.92%7.382.833.3%
MAX67615.822.83%0.030.16210.8747.933.0915.0615.06233.8261.6632.82365.4355.1781.5347.97.517.51%14.8493.6393.63%
MIN212.2-4.99-1.64%00.038.380.030.04-17.41-17.410.32-136.812.17-1,527.67-1,566.673.840.03-4.43-4.43%-0.11-22.42-22.42%

30

securities loaded

Best in class

Laggard

AVG

Average

MED

Median

MAX

Maximum

MIN

Minimum