Chirkhwa Hydropower Limited

HydroPowerLow Cap

NPR 438.00

NPR +13.5+3.18%

09:14 AM NPT · Nov 6, 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

424.50

High

442.00

Low

407.20

Prev Close

424.50

Volume

39,464

Turnover

Rs 16,803,126.3

Txns

Valuation · Q4 FY25/26

EPS Ann.

13.25

EPS TTM

13.25

BVPS

100.19

P/E Ann.

33.06

P/E TTM

33.06

Graham #

172.83

Capital

Mkt Cap

2.32 Arab

Total

53.06 Lakh

Public

15.92 Lakh

Promoter

37.14 Lakh

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Sell

RSI

Buy

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Moderate

Momentum

RSI (14)

31.96

ADX

22.3

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

500.5

SMA 50

548.59

Bands & Channels

BB Width %

29.22%

Volume & Flow

OBV

789,367

Flow Analysis

[ Live 2026-11-06 ]

Total Buy

157,098

Shares Bought

Total Sell

157,098

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 44%

Distribution 56%

Accumulators

Quantity

43,065

Amount

18,939,691

Avg Rate

439.79

Rank

#39

Brokers

#17#35#94#38#57

Distributors

Quantity

53,844

Amount

23,635,496

Avg Rate

438.96

Rank

#34

Brokers

#40#74

Net Flow Impact:

-10,779units

(Rs. -4,695,806)

Net Flow by Timeframe

CKHL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 210,243 ]

Buy Side

Total: 92,298

Broker

QTY

AVG

NET

16,983

420.85

+15,202

10.8%

100

9,712

463.62

+2,922

6.2%

8,392

467.15

+7,168

5.3%

8,211

449.42

+4,380

5.2%

6,659

445.28

+6,659

4.2%

6,419

442.24

+6,034

4.1%

5,360

449.22

+2,460

3.4%

4,700

438.75

+3,820

3.0%

4,612

448.45

+4,382

2.9%

4,578

450.09

+2,122

2.9%

4,197

451.32

+3,907

2.7%

3,575

453.36

+3,565

2.3%

3,010

437.55

+2,930

1.9%

3,000

450.00

+3,000

1.9%

2,890

467.04

+1,593

1.8%

Sell Side

Total: 117,945

Broker

QTY

AVG

NET

37,071

445.48

-36,958

23.6%

16,773

424.56

-14,210

10.7%

11,942

447.43

-11,062

7.6%

11,682

461.08

-2,319

7.4%

8,849

470.64

-6,474

5.6%

8,547

439.48

-7,022

5.4%

7,087

453.48

-5,348

4.5%

4,800

454.88

-2,650

3.1%

3,054

454.78

-2,864

1.9%

2,100

429.57

-2,070

1.3%

2,057

454.96

-108

1.3%

1,131

443.45

-1,081

0.7%

1,037

446.85

-927

0.7%

915

449.15

-127

0.6%

900

470.02

-700

0.6%

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	380	+3.99	+1.06%	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%	-
AHPC	257.8	+1.1	+0.43%	0.01	0.06	109.71	47.9	0.07	3.41	3.41	91.75	8.49	48.03	2.39	76.86	-	79.03	36.92	47.9	2.91	2.91%	5.9	3.15	3.15%	87.4
AKJCL	343.9	-2.11	-0.61%	0.01	0.09	93.69	3.15	0.37	3.18	3.18	81.88	45.61	28.35	3.6	105.97	2.05	112.89	30.06	3.12	2.45	2.45%	7.6	3.45	3.45%	100
AKPL	256.2	-2.69	-1.04%	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	564.9	+6.92	+1.24%	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	333.7	+0.7	+0.21%	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	22.31	11.58	0.41	6.48	6.48%	11.25	13.36	13.36%	85.19
APPOLO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BARUN	322.2	-1.81	-0.56%	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	295	-2.5	-0.84%	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	503	-4.01	-0.79%	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	546	0	0%	0.01	0.15	112.53	2.14	0.16	10.81	10.81	165.44	15.96	51.47	4	41.63	0.34	50.32	21.43	2.14	7.51	7.51%	13.6	10.08	10.08%	96.98
BHDC	431.8	+1.81	+0.42%	0.01	0.15	118.32	2.69	1.28	11.79	11.79	177.16	49.43	30.69	3.58	35.88	0.31	36.94	11.01	2.69	4.6	4.6%	12.4	10.59	10.59%	97.41
BHL	225	-0.5	-0.22%	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	28.15	6.47	1.72	3.23	3.23%	12.25	9.91	9.91%	83.13
BHPL	429	+8.21	+1.95%	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	545	-8.97	-1.62%	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	274	+2.01	+0.74%	0	0.13	100.59	7.62	0.97	1.49	1.49	58.07	111.02	6.46	2.76	186.58	1.49	188.86	12.02	7.62	0.8	0.8%	9.68	2.14	2.14%	97.01
BPCL	694	-12	-1.7%	0.02	0.1	210.87	7.05	0.09	9.84	9.84	216.07	3.19	41.84	3.17	67.89	1.46	70.93	28.41	6.52	4.18	4.18%	5.36	4.69	4.69%	80.94
BUNGAL	458.1	-2.9	-0.63%	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	338	+0.2	+0.06%	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	257	-2.91	-1.12%	0	0.13	84.29	2.08	1.03	1.72	1.72	57.11	92.02	7.56	3.04	148.84	1.37	155.81	11.25	2.03	1	1%	9.26	3.12	3.12%	101.74
DHEL	508	+2.02	+0.4%	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	269	-4.01	-1.47%	0	0.14	8.38	0.23	33.09	5.51	5.51	32.23	84.53	13.93	32.82	49.91	0.12	50.73	6.95	0.23	1.89	1.89%	14.84	93.63	93.63%	100
DOLTI	308.9	-1.08	-0.35%	0	0.1	59.87	1.11	2.2	0.87	0.87	34.23	125.13	4.65	5.31	365.4	3.06	355.17	17.08	1.11	0.45	0.45%	9.33	1.48	1.48%	100
DORDI	273.8	+1.8	+0.66%	0.01	0.07	106.3	1.83	0.91	1.42	1.42	58.28	57.15	10.91	2.32	173.94	1.3	185.14	18.97	1.81	0.76	0.76%	5.94	1.35	1.35%	106.79
EHPL	325	0	0%	0	0.13	76.3	2.47	1.28	3.39	3.39	76.29	69.82	14.32	4.3	96.84	0.83	98.82	13.86	2.47	1.93	1.93%	11.58	4.54	4.54%	98
GHL	323	-1	-0.31%	0.01	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	263	+1.7	+0.65%	0	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	559	+3	+0.54%	0.02	0.14	124.33	1.4	1.52	12.94	12.94	190.26	82.6	29.87	3.86	37.09	2.71	38.25	11.09	1.24	4.07	4.07%	8.29	10.94	10.94%	97.08
HDHPC	214	-0.79	-0.37%	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	374.94	-0.49	-0.12%	0.01	0.097	95.99	4.89	2.49	2.38	3.63	108	78.03	4.25	5.248	-20.06	1.185	3.651	25.818	4.8	1.43	1.97%	7.14	5.01	6.68%	94.43
MED	329.35	-0.25	-0.11%	0.01	0.095	101.18	1.96	1.05	1.9	2.76	81.88	66.09	11.95	3.715	45.77	1.3	52.06	22.73	1.92	0.9	1.9%	7	2.34	3.14%	97.08
MAX	694	8.21	1.95%	0.03	0.16	210.87	47.9	33.09	15.06	15.06	216.07	233.82	61.66	32.82	365.4	3.06	355.17	81.53	47.9	7.51	7.51%	14.84	93.63	93.63%	109.6
MIN	214	-12	-1.7%	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	-1,566.67	3.84	0.03	-4.43	-4.43%	-0.11	-22.42	-22.42%	78.75