Bhugol Energy Development Company Limited

HydroPowerLow Cap

NPR 304.00

NPR -5.9-1.90%

09:14 AM NPT · Sep 16, 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

305.10

High

311.80

Low

300.20

Prev Close

309.90

Volume

20,877

Turnover

Rs 6,367,824.8

Txns

0

Valuation · Q4 FY25/26

EPS Ann.

-1.70

EPS TTM

-1.70

BVPS

46.28

P/E Ann.

-178.82

P/E TTM

-178.82

Graham #

N/A

Capital

Mkt Cap

1.65 Arab

Total

54.41 Lakh

Public

10.88 Lakh

Promoter

43.52 Lakh

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Neutral

SuperTrend

Strong Sell

Trend Analysis

Direction

Uptrend

Strength

Strong

Momentum

RSI (14)

51.52

ADX

34.98

Overall Score

50
Below Line

Technical Score

Moving Averages

SMA 20

297.3

SMA 50

312.27

Bands & Channels

BB Width %

15.93%

Volume & Flow

OBV

1,343,503

Flow Analysis

[ Live 2026-09-16 ]

Total Buy

105,336

Shares Bought

Total Sell

105,336

Shares Sold

Net Flow

0

Net Accumulation

Active Brokers

72

Participating

ACCUM/DIST

Accumulation 51%

Distribution 49%

Accumulators

3

Quantity

17,216

Amount

5,179,765

Avg Rate

300.87

Rank

#88

Brokers

#35#74#17

Distributors

4

Quantity

16,555

Amount

4,979,424

Avg Rate

300.78

Rank

#91

Brokers

#34#3#65#4

Net Flow Impact:

+661units
(Rs. 200,341)

Net Flow by Timeframe

BEDC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 111,489 ]

Buy Side

Total: 48,834

Broker

QTY

AVG

NET

%

17

6,252

304.27

+3,496

5.9%

74

6,220

298.14

+4,085

5.9%

35

4,744

299.97

+4,145

4.5%

6

4,478

295.12

+1,828

4.3%

42

3,210

302.77

+1,388

3.0%

28

2,830

292.29

+755

2.7%

38

2,810

300.80

+2,321

2.7%

57

2,767

300.18

+2,297

2.6%

7

2,720

304.43

+1,657

2.6%

14

2,443

294.95

+1,416

2.3%

46

2,300

314.16

+2,190

2.2%

52

2,197

301.98

+1,520

2.1%

36

2,130

293.99

+1,005

2.0%

8

2,010

303.96

+1,910

1.9%

49

1,723

295.98

+974

1.6%

Sell Side

Total: 62,655

Broker

QTY

AVG

NET

%

58

15,038

298.74

-1,562

14.3%

47

7,107

303.65

-447

6.8%

34

6,465

304.07

-3,192

6.1%

45

6,436

299.05

-1,356

6.1%

65

5,000

304.81

-3,000

4.8%

3

3,090

288.54

-3,090

2.9%

41

2,618

293.84

-675

2.5%

13

2,554

314.16

-1,162

2.4%

39

2,470

298.76

-1,740

2.3%

43

2,326

302.74

-626

2.2%

21

2,063

292.83

-1,288

2.0%

4

2,000

299.01

-1,810

1.9%

1

1,878

299.61

-123

1.8%

11

1,810

305.57

-1,480

1.7%

71

1,800

300.29

-800

1.7%

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

377.8+1.69+0.45%00.0668.430.284.81-17.41-17.41--72.656.05-23.78-22.7517.280.28-4.43-4.43%0.3-22.42-22.42%

AHPC

266.8-6.2-2.27%0.010.06109.7147.90.073.413.418.4948.032.3976.8676.5136.9247.92.912.91%5.93.153.15%

AKJCL

346.5-6.5-1.84%0.010.0993.693.150.373.183.1845.6128.353.6105.97109.7230.063.122.452.45%7.63.453.45%

AKPL

256-4-1.54%0.010.06101.770.70.851.021.0279.0712.992.45244.12244.1231.640.70.750.75%3.931.341.34%

APHL

693-22.02-3.08%00.04102.410.512.26-4.12---28.498-198.79-56.640.48-1.23--0.11-4.02-

API

339.1-4.81-1.4%0.020.12119.510.411.0515.0615.0638.454.372.6821.2922.2411.580.416.486.48%11.2513.3613.36%

APPOLO

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

BARUN

328-3.98-1.2%00.09108.196.740.232.082.0840.7221.392.96153.8153.8932.886.741.911.91%5.632.542.54%

BENI

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

BGWT

490-15-2.97%00.16113.36.450.289.019.0110.8339.644.8260.657.7624.036.456.536.53%11.288.228.22%

BHCL

534+3.98+0.75%00.15112.532.140.1610.8110.8115.9651.47441.6350.0521.432.147.517.51%13.610.0810.08%

BHDC

429-4.68-1.08%0.010.15118.322.691.2811.7911.7949.4330.693.5835.8836.0511.012.694.64.6%12.410.5910.59%

BHL

216.1+0.11+0.05%0.010.1381.221.81.967.727.7262.3524.482.5126.4226.816.471.723.233.23%12.259.919.91%

BHPL

459-11-2.34%00.0850.031.141.86-0.3-0.3133.02-2.639.16-1,527.67-1,593.3340.591.04-0.2-0.2%8.83-0.57-0.57%

BJHL

647.8-17.09-2.57%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

276.9-2.09-0.75%00.13100.597.620.971.491.49111.026.462.76186.58186.9812.027.620.80.8%9.682.142.14%

BPCL

676.9+3.03+0.45%0.020.1210.877.050.099.849.843.1941.843.1767.8967.0728.416.524.184.18%5.364.694.69%

BUNGAL

525-13.02-2.42%00.0981.420.213.4-3.84---11.287.18-152.34-17.190.21-1.07-4.34-4.71-

CHCL

354.9-5.19-1.44%0.040.1123.925.950.047.597.59-61.663.8362.663.8238.5924.625.985.98%7.156.26.2%

CHL

267.4+1.41+0.53%00.1384.292.081.031.721.7292.027.563.04148.84154.6511.252.0311%9.263.123.12%

CKHL

599.3-5.69-0.94%00.11100.190.831.9613.2513.2577.740.336.3748.1544.9319.420.834.444.44%9.7313.8513.85%

DHEL

564-10.98-1.91%0.010.04118.140.451.37-9.88---89.334.57-54.67-48.830.45-3.52-2.24-8.36-

DHPL

274-4.09-1.47%00.148.380.2333.095.515.51-13.9332.8249.9150.826.950.231.891.89%14.8493.6393.63%

DOLTI

306-5.89-1.89%00.159.871.112.20.870.87125.134.655.31365.4351.8417.081.110.450.45%9.331.481.48%

DORDI

255.6-1.39-0.54%0.010.07106.31.830.911.421.4257.1510.912.32173.94173.7318.971.810.760.76%5.941.351.35%

EHPL

330-1.59-0.48%00.1376.32.471.283.393.3969.8214.324.396.8494.7513.862.471.931.93%11.584.544.54%

GHL

245.7-2.11-0.85%00.0695.054.740.45-1.33-1.33154.32-15.982.26-161.65-173.6825.94.74-0.94-0.94%3.92-1.38-1.38%

GLH

257.2-5.81-2.21%00.1112.050.034.812.332.330.323.682.17104.29108.283.840.030.370.37%0.392.092.09%

GVL

493.8-4.18-0.84%0.020.14124.331.41.5212.9412.9482.629.873.8637.0937.3311.091.244.074.07%8.2910.9410.94%

HDHPC

228+11.5+5.31%0.010.0371.970.210.22-3.4-3.4--136.812.82-59.71-61.1281.530.21-3.95-3.95%1.09-4.59-4.59%
AVG394.21-4.84-1.02%0.010.09897.924.742.482.914.25716.225.237-11.8710.85325.5544.661.622.2%7.245.637.4%
MED342.8-4.43-1.3%00.1101.181.821.052.213.2962.3513.463.71549.0360.7920.4251.771.441.92%7.382.833.3%
MAX69311.55.31%0.040.16210.8747.933.0915.0615.06233.8261.6632.82365.4351.8481.5347.97.517.51%14.8493.6393.63%
MIN216.1-22.02-3.08%00.038.380.030.04-17.41-17.410.32-136.812.17-1,527.67-1,593.333.840.03-4.43-4.43%-0.11-22.42-22.42%

30

securities loaded

Best in class

Laggard

AVG

Average

MED

Median

MAX

Maximum

MIN

Minimum