Chirkhwa Hydropower Limited

HydroPowerLow Cap

NPR 582.40

NPR -4.6-0.78%

09:14 AM NPT · Sep 24, 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

600.90

High

600.90

Low

568.10

Prev Close

587.00

Volume

1,420

Turnover

Rs 811,757

Txns

Valuation · Q4 FY25/26

EPS Ann.

13.25

EPS TTM

13.25

BVPS

100.19

P/E Ann.

43.95

P/E TTM

43.95

Graham #

172.83

Capital

Mkt Cap

2.33 Arab

Total

40.0 Lakh

Public

9.79 Lakh

Promoter

30.21 Lakh

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Buy

RSI

Sell

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Strong

Momentum

RSI (14)

61.66

ADX

30.94

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

586.39

SMA 50

593.06

Bands & Channels

BB Width %

10.71%

Volume & Flow

OBV

929,960

Flow Analysis

[ Live 2026-09-24 ]

Total Buy

8,498

Shares Bought

Total Sell

8,498

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 49%

Distribution 51%

Accumulators

Quantity

4,510

Amount

2,610,420

Avg Rate

578.81

Rank

#99

Brokers

#62#74

Distributors

Quantity

4,629

Amount

2,662,019

Avg Rate

575.07

Rank

#100

Brokers

#33#17#45

Net Flow Impact:

-119units

(Rs. -51,599)

Net Flow by Timeframe

CKHL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 15,177 ]

Buy Side

Total: 7,369

Broker

QTY

AVG

NET

3,910

579.99

+3,910

46.0%

600

571.10

+600

7.1%

500

574.00

+500

5.9%

350

573.19

+250

4.1%

349

578.66

+69

4.1%

340

571.00

+330

4.0%

320

578.97

+240

3.8%

310

574.01

+310

3.6%

230

577.03

+230

2.7%

100

582.50

+100

1.2%

100

580.00

+100

1.2%

570.39

+40

1.1%

581.62

+40

0.9%

570.00

+50

0.6%

575.50

+40

0.5%

Sell Side

Total: 7,808

Broker

QTY

AVG

NET

2,450

573.14

-1,950

28.8%

1,219

575.06

-1,179

14.3%

960

580.01

-761

11.3%

750

576.51

-740

8.8%

700

571.71

-700

8.2%

510

597.16

-510

6.0%

500

573.46

-200

5.9%

200

570.34

-200

2.4%

200

602.50

-200

2.4%

109

579.64

-109

1.3%

582.30

-80

0.9%

576.96

-30

0.6%

580.75

-40

0.5%

580.80

-20

0.2%

580.80

-20

0.2%

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	402.7	+10.7	+2.73%	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	266.9	+0.69	+0.26%	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	358	0	0%	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	253	+1.41	+0.56%	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	671	+9.72	+1.47%	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	334.8	+0.8	+0.24%	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	326	-2.99	-0.91%	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	308.9	+1.9	+0.62%	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	492	+4.92	+1.01%	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	574.8	+15.82	+2.83%	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	433.4	+2.41	+0.56%	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	212.2	+0.19	+0.09%	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	447.5	-0.49	-0.11%	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	643	+8.88	+1.4%	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	278.5	+1.91	+0.69%	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	676	+1.08	+0.16%	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	514	+3.01	+0.59%	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	-2.52	-0.71%	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	267	+1.99	+0.75%	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	554	-1	-0.18%	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	275	+1.99	+0.73%	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	299	-4.99	-1.64%	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	263	+1	+0.38%	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	326.8	+0.81	+0.25%	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	253.7	-3.29	-1.28%	0	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	278.8	-0.39	-0.14%	0.01	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	489.3	-0.69	-0.14%	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	220.3	+0.31	+0.14%	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	384.7	1.9	0.37%	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	330.8	0.91	0.26%	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	676	15.82	2.83%	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	212.2	-4.99	-1.64%	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