Chirkhwa Hydropower Limited

HydroPowerLow Cap

NPR 588.00

NPR 00.00%

09:14 AM NPT · Sep 11, 2026

Est. 2077-09-29 B.S. (Converted into a public company before NEPSE listing in 2023) · Bhojpur District (Project Area) / Corporate office: Kathmandu, Nepal

Chirkhwa Hydropower Limited (CKHL) is a Nepalese run-of-river hydropower developer best known for the Upper Chirkhwa Hydropower Project in Bhojpur district. The company is publicly listed on NEPSE under the symbol CKHL, with a paid-up capital of NPR 400 million and 4 million shares outstanding. Its share price has fluctuated between NPR 550 and NPR 910 over the past year, reflecting both volatility and investor interest. CKHL’s business model focuses on generating renewable energy from natural river flow and selling power under long-term PPAs, supporting Nepal’s clean-energy goals and rural development. Public listing since 2023 has increased transparency and investment accessibility, although the company still faces challenges such as hydrology risk, seasonal generation issues, and regulatory requirements.

www.chirkhwahydropower.com/

Trading

Open

574.00

High

588.00

Low

573.00

Prev Close

588.00

Volume

989

Turnover

Rs 568,940

Txns

Valuation · Q4 FY25/26

EPS Ann.

13.25

EPS TTM

13.25

BVPS

100.19

P/E Ann.

44.38

P/E TTM

44.38

Graham #

172.83

Capital

Mkt Cap

2.35 Arab

Total

40.0 Lakh

Public

9.79 Lakh

Promoter

30.21 Lakh

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Neutral

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Strong

Momentum

RSI (14)

47.83

ADX

28.46

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

588.83

SMA 50

592.75

Bands & Channels

BB Width %

11.57%

Volume & Flow

OBV

950,325

Flow Analysis

[ Live 2026-09-11 ]

Total Buy

3,819

Shares Bought

Total Sell

3,819

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 69%

Distribution 31%

Accumulators

Quantity

2,274

Amount

1,337,567

Avg Rate

588.20

Rank

#107

Brokers

#82

Distributors

Quantity

1,044

Amount

606,974

Avg Rate

581.39

Rank

#110

Brokers

#84#43#45

Net Flow Impact:

+1,230units

(Rs. 730,593)

Net Flow by Timeframe

CKHL — Broker Breakdown (7D)

8 Buyers15 Sellers

[ Vol: 5,442 ]

Buy Side

Total: 3,136

Broker

QTY

AVG

NET

2,274

588.20

+1,584

59.5%

440

591.85

+440

11.5%

200

589.15

+70

5.2%

574.67

+50

1.6%

574.00

+50

1.3%

591.60

+50

1.3%

575.30

+32

1.3%

590.00

+12

0.3%

Sell Side

Total: 2,306

Broker

QTY

AVG

NET

624

574.00

-624

16.3%

260

592.77

-172

6.8%

220

585.45

-200

5.8%

200

600.00

-200

5.2%

180

576.23

-130

4.7%

170

597.59

-170

4.5%

110

581.15

-110

2.9%

100

573.20

-15

2.6%

607.70

-90

2.4%

607.70

-86

2.3%

602.56

-86

2.3%

602.00

-80

2.1%

578.00

-40

1.1%

574.37

-30

0.8%

593.00

-30

0.8%

Financial Fundamentals

Financial Metric	FY25/26 Q4	FY24/25 Q4	FY23/24 Q4	FY22/23 Q4	Growth %
Sources of Fund
Equity
Paid up Capital	400,000	400,000	400,000	0	0.00%
Reserves and Surplus	778.99	-35667.18	-7325.57	0	+102.18%
Other Equity	0.00	0.00	0.00	0	-
Total Equity	400,779	364,333	392,674	0	+10.00%
Non Current Liabilities
Financial Liabilities	686,860	697,436	550,518	0	-1.52%
Other Non Current Liabilities	1,837	0	0	0	-
Total Non Current Liabilities	688,697	697,436	550,518	0	-1.25%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	2,882	1,536	1,438	0	+87.60%
Capital Work In Progress	0.00	0.00	0.00	0	-
Intangible Assets	1,103,355	1,138,715	1,081,768	0	-3.11%
Financial Assets (Investments)	0.00	0.00	50.00	0	-
Other Non Current Assets	50.00	50.00	0.00	0	0.00%
Total Non Current Assets	1,106,287	1,140,301	1,083,257	0	-2.98%
Current Assets
Receivables	19,296	16,673	11,027	0	+15.73%
Inventories	0.00	0.00	0.00	0	-
Cash and Cash Equivalent	2,623	553	385	0	+374.70%
Financial Assets	57,996	34,220	30,965	0	+69.48%
Other Current Assets	2.25	4868.56	6413.31	0	-99.95%
Total Current Assets (A)	79,917	56,314	48,790	0	+41.91%
Current Liabilities
Financial Liabilities	686,860	697,436	550,518	0	-1.52%
Payables	56,703	79,634	121,008	0	-28.80%
Other Current Liabilities	725.16	1912.60	1447.68	0	-62.09%
Total Current Liabilities (B)	96,728	134,847	188,854	0	-28.27%
Net Current Assets (A-B)	-16,812	-78,532	-140,064	0	+78.59%

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)	PEG	P/E (TTM)	P/S	Quick Ratio	ROA (Annualized)	ROA (TTM)%	ROCE	ROE (Annualized)	ROE (TTM)%	Tax Burden
AHL	359	+8.79	+2.51%	0	0.06	68.43	0.28	4.81	-17.41	-17.41	-	-	-72.65	6.05	-23.78	-	-22.75	17.28	0.28	-4.43	-4.43%	0.3	-22.42	-22.42%	-
AHPC	261	+7.5	+2.96%	0.01	0.06	109.71	47.9	0.07	3.41	3.41	91.75	8.49	48.03	2.39	76.86	-	76.51	36.92	47.9	2.91	2.91%	5.9	3.15	3.15%	87.4
AKJCL	339.8	+7.7	+2.32%	0.01	0.09	93.69	3.15	0.37	3.18	3.18	81.88	45.61	28.35	3.6	105.97	1.99	109.72	30.06	3.12	2.45	2.45%	7.6	3.45	3.45%	100
AKPL	255	+7.6	+3.07%	0.01	0.06	101.77	0.7	0.85	1.02	1.02	48.33	79.07	12.99	2.45	244.12	-	244.12	31.64	0.7	0.75	0.75%	3.93	1.34	1.34%	109.6
APHL	681	+17	+2.56%	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	334.7	+8.7	+2.67%	0.02	0.12	119.51	0.41	1.05	15.06	15.06	201.24	38.4	54.37	2.68	21.29	0.2	22.24	11.58	0.41	6.48	6.48%	11.25	13.36	13.36%	85.19
APPOLO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BARUN	319	+8.2	+2.64%	0	0.09	108.19	6.74	0.23	2.08	2.08	71.16	40.72	21.39	2.96	153.8	-	153.89	32.88	6.74	1.91	1.91%	5.63	2.54	2.54%	85.88
BEDC	298.9	+7.89	+2.71%	0	0.07	46.28	4.95	2.24	-1.7	-1.7	-	218.78	-14.77	6.66	-181.18	-	-181.18	26.83	4.95	-1.1	-1.1%	6.83	-3.59	-3.59%	-
BENI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BGWT	476	+25.11	+5.57%	0	0.16	113.3	6.45	0.28	9.01	9.01	151.55	10.83	39.64	4.82	60.6	-	57.76	24.03	6.45	6.53	6.53%	11.28	8.22	8.22%	88.19
BHCL	521	-1.99	-0.38%	0	0.15	112.53	2.14	0.16	10.81	10.81	165.44	15.96	51.47	4	41.63	0.34	50.05	21.43	2.14	7.51	7.51%	13.6	10.08	10.08%	96.98
BHDC	417	+5.31	+1.29%	0.01	0.15	118.32	2.69	1.28	11.79	11.79	177.16	49.43	30.69	3.58	35.88	0.3	36.05	11.01	2.69	4.6	4.6%	12.4	10.59	10.59%	97.41
BHL	211.5	+6.7	+3.27%	0.01	0.13	81.22	1.8	1.96	7.72	7.72	118.78	62.35	24.48	2.51	26.42	0.16	26.81	6.47	1.72	3.23	3.23%	12.25	9.91	9.91%	83.13
BHPL	450	+13.11	+3%	0	0.08	50.03	1.14	1.86	-0.3	-0.3	-	133.02	-2.63	9.16	-1,527.67	-	-1,593.33	40.59	1.04	-0.2	-0.2%	8.83	-0.57	-0.57%	-
BJHL	657	+9.01	+1.39%	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	271.3	+9	+3.43%	0	0.13	100.59	7.62	0.97	1.49	1.49	58.07	111.02	6.46	2.76	186.58	1.48	186.98	12.02	7.62	0.8	0.8%	9.68	2.14	2.14%	97.01
BPCL	642	+3	+0.47%	0.02	0.1	210.87	7.05	0.09	9.84	9.84	216.07	3.19	41.84	3.17	67.89	1.39	67.07	28.41	6.52	4.18	4.18%	5.36	4.69	4.69%	80.94
BUNGAL	520	+5	+0.97%	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	352.1	+6.09	+1.76%	0.04	0.1	123.9	25.95	0.04	7.59	7.59	145.46	-	61.66	3.83	62.6	-	63.82	38.59	24.62	5.98	5.98%	7.15	6.2	6.2%	78.75
CHL	257	+9	+3.63%	0	0.13	84.29	2.08	1.03	1.72	1.72	57.11	92.02	7.56	3.04	148.84	1.36	154.65	11.25	2.03	1	1%	9.26	3.12	3.12%	101.74
DHEL	556	+12.71	+2.34%	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	274	+5	+1.86%	0	0.14	8.38	0.23	33.09	5.51	5.51	32.23	-	13.93	32.82	49.91	0.12	50.82	6.95	0.23	1.89	1.89%	14.84	93.63	93.63%	100
DOLTI	306	+7	+2.34%	0	0.1	59.87	1.11	2.2	0.87	0.87	34.23	125.13	4.65	5.31	365.4	3.03	351.84	17.08	1.11	0.45	0.45%	9.33	1.48	1.48%	100
DORDI	249	+11	+4.62%	0.01	0.07	106.3	1.83	0.91	1.42	1.42	58.28	57.15	10.91	2.32	173.94	1.22	173.73	18.97	1.81	0.76	0.76%	5.94	1.35	1.35%	106.79
EHPL	316	+2.01	+0.64%	0	0.13	76.3	2.47	1.28	3.39	3.39	76.29	69.82	14.32	4.3	96.84	0.8	94.75	13.86	2.47	1.93	1.93%	11.58	4.54	4.54%	98
GHL	239.9	+4.01	+1.7%	0	0.06	95.05	4.74	0.45	-1.33	-1.33	-	154.32	-15.98	2.26	-161.65	-	-173.68	25.9	4.74	-0.94	-0.94%	3.92	-1.38	-1.38%	-
GLH	255	+6.99	+2.82%	0	0.1	112.05	0.03	4.81	2.33	2.33	76.64	0.32	3.68	2.17	104.29	-	108.28	3.84	0.03	0.37	0.37%	0.39	2.09	2.09%	100
GVL	484.9	+8.71	+1.83%	0.02	0.14	124.33	1.4	1.52	12.94	12.94	190.26	82.6	29.87	3.86	37.09	2.65	37.33	11.09	1.24	4.07	4.07%	8.29	10.94	10.94%	97.08
HDHPC	213.8	+8.79	+4.29%	0.01	0.03	71.97	0.21	0.22	-3.4	-3.4	-	-	-136.81	2.82	-59.71	-	-61.12	81.53	0.21	-3.95	-3.95%	1.09	-4.59	-4.59%	-

AVG	375.64	8.18	2.44%	0.01	0.097	95.99	4.89	2.49	2.38	3.63	108	77.72	4.25	5.248	-20.06	1.157	1.432	25.818	4.8	1.43	1.97%	7.14	5.01	6.68%	94.43
MED	326.85	7.8	2.54%	0	0.095	101.18	1.96	1.05	1.9	2.76	81.88	62.35	11.95	3.715	45.77	1.22	60.79	22.73	1.92	0.9	1.9%	7	2.34	3.14%	97.08
MAX	681	25.11	5.57%	0.04	0.16	210.87	47.9	33.09	15.06	15.06	216.07	233.82	61.66	32.82	365.4	3.03	351.84	81.53	47.9	7.51	7.51%	14.84	93.63	93.63%	109.6
MIN	211.5	-1.99	-0.38%	0	0.03	8.38	0.03	0.04	-17.41	-17.41	32.23	0.32	-136.81	2.17	-1,527.67	0.12	-1,593.33	3.84	0.03	-4.43	-4.43%	-0.11	-22.42	-22.42%	78.75