Chirkhwa Hydropower Limited

HydroPowerLow Cap

NPR 620.00

NPR -5-0.80%

09:14 AM NPT · Jun 26, 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

627.00

High

627.00

Low

609.00

Prev Close

625.00

Volume

597

Turnover

Rs 365,820

Txns

Valuation · Q3 FY25/26

EPS Ann.

4.30

EPS TTM

0.65

BVPS

90.17

P/E Ann.

144.19

P/E TTM

953.85

Graham #

93.40

Capital

Mkt Cap

2.48 Arab

Total

40.0 Lakh

Public

9.79 Lakh

Promoter

30.21 Lakh

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Sell

RSI

Buy

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Very Strong

Momentum

RSI (14)

25.23

ADX

52.1

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

646.37

SMA 50

666.39

Bands & Channels

BB Width %

8.01%

Volume & Flow

OBV

977,209

Flow Analysis

[ Live 2026-06-26 ]

Total Buy

4,230

Shares Bought

Total Sell

4,230

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 43%

Distribution 57%

Accumulators

Quantity

2,045

Amount

1,276,308

Avg Rate

624.11

Rank

#101

Brokers

#45#10

Distributors

Quantity

2,701

Amount

1,682,171

Avg Rate

622.80

Rank

#102

Brokers

#62#6#56

Net Flow Impact:

-656units

(Rs. -405,863)

Net Flow by Timeframe

CKHL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 7,572 ]

Buy Side

Total: 3,738

Broker

QTY

AVG

NET

1,645

624.60

+1,489

38.9%

400

622.10

+400

9.5%

250

621.40

+230

5.9%

210

614.67

+210

5.0%

210

625.00

+210

5.0%

202

624.19

+202

4.8%

160

615.62

+130

3.8%

140

632.43

+140

3.3%

136

615.00

+126

3.2%

119

614.82

+119

2.8%

618.53

+45

2.3%

623.20

+70

1.6%

610.60

+50

1.2%

620.00

+11

0.7%

620.00

+20

0.5%

Sell Side

Total: 3,834

Broker

QTY

AVG

NET

1,861

624.94

-1,831

44.0%

440

614.34

-440

10.4%

400

622.10

-400

9.5%

319

617.36

-129

7.5%

200

627.70

-130

4.7%

172

622.47

-132

4.1%

130

624.22

-63

3.1%

620.40

-37

1.8%

628.29

-60

1.6%

611.00

-60

1.4%

621.07

-30

0.7%

629.50

-20

0.5%

616.60

-10

0.5%

626.45

-20

0.5%

622.00

-15

0.3%

Financial Fundamentals

Financial Metric	FY25/26 Q3	FY24/25 Q3	FY23/24 Q3	FY22/23 Q3	Growth %
Sources of Fund
Equity
Paid up Capital	400,000	400,000	400,000	0	0.00%
Reserves and Surplus	-39,323	-17,590	-4,706	0	-123.56%
Other Equity	0.00	0.00	0.00	0	-
Total Equity	360,677	382,410	395,294	0	-5.68%
Non Current Liabilities
Financial Liabilities	690,671	697,547	547,935	0	-0.99%
Other Non Current Liabilities	0.00	0.00	0.00	0	-
Total Non Current Liabilities	690,671	697,547	547,935	0	-0.99%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	3,093	1,603	43,146	0	+92.88%
Capital Work In Progress	0.00	0.00	1032678.82	0	-
Intangible Assets	1,114,123	1,148,703	0	0	-3.01%
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	1,117,266	1,150,356	1,075,875	0	-2.88%
Current Assets
Receivables	14,410	12,673	0	0	+13.71%
Inventories	0.00	0.00	0.00	0	-
Cash and Cash Equivalent	13,741	10,826	148	0	+26.92%
Financial Assets	19,733	35,642	32,266	0	-44.64%
Other Current Assets	2.25	4868.56	6413.31	0	-99.95%
Total Current Assets (A)	47,886	64,010	38,827	0	-25.19%
Current Liabilities
Financial Liabilities	690,671	697,547	547,935	0	-0.99%
Payables	65,603	79,224	106,251	0	-17.19%
Other Current Liabilities	401.77	1884.66	1122.73	0	-78.68%
Total Current Liabilities (B)	113,804	134,409	171,473	0	-15.33%
Net Current Assets (A-B)	-65,918	-70,399	-132,646	0	+6.36%

Sector Peers — HydroPower (30)

Peer Comparison

HydroPower SECTOR — NEPAL

2025/2026 Q3

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	468.6	-1.41	-0.3%	0	0.05	71.36	0.24	4.27	-19.31	-13.75	-	-	-94.75	10.28	-28.49	-	-36.11	48.01	0.24	-5.08	-3.62%	2.52	-24.52	-17.46%	-
AHPC	264.3	-0.8	-0.3%	0.01	0.07	110.71	40.79	0.07	4.41	5.94	121.64	7.53	58.34	3.5	65.83	-	46.63	68.27	40.79	3.8	5.12%	6.71	4.09	5.52%	90.05
AKJCL	362.6	-4.11	-1.12%	0.01	0.09	92.42	2.95	0.38	2.56	2.28	68.86	47.65	22.22	5.79	156.88	11.71	181.14	62.12	2.95	1.96	1.75%	7.44	2.8	2.5%	100
AKPL	256.8	-1.11	-0.43%	0.01	0.1	103.42	0.87	0.85	4.92	7.23	129.71	55.12	28.85	3.58	56.5	0.16	36.93	28.98	0.87	2.8	4.12%	9.41	4.92	7.24%	97.9
APHL	875	-25.02	-2.78%	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
API	336.9	+0.91	+0.27%	0.02	0.12	115.32	0.26	1.19	13.76	11.48	172.59	29.36	50.48	4.03	25.31	0.33	30.31	22.7	0.26	5.89	4.91%	13.73	12.51	10.44%	85.97
APPOLO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BARUN	325	-4.01	-1.22%	0	0.08	107.72	12.05	0.23	2.01	2.96	84.7	45.66	22.49	4.58	184.03	1.34	114.86	73.5	12.05	1.85	2.73%	5.24	2.48	3.66%	100
BEDC	342.5	-4.41	-1.27%	0	0.08	47.88	3.66	2.22	-0.12	-2.01	-	119.74	-1.02	12.92	-3,866.67	-	-179.6	68.06	3.66	-0.07	-1.29%	7.13	-0.25	-4.1%	-
BENI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BGWT	598.9	+18.91	+3.26%	0	0.19	112.67	13.69	0.29	11.16	11.9	173.69	9.23	43.93	8.91	67.47	3.27	55.13	52.7	13.69	8.15	8.69%	12.92	10.39	11.08%	88.19
BHCL	558.7	+6.68	+1.21%	0.01	0.15	109.64	5.1	0.29	10.43	11.11	165.55	17.6	51.48	6.77	53.4	0.21	53.47	48.86	5.1	7.92	8.44%	12.45	13	13.85%	97.02
BHDC	444	-3.99	-0.89%	0.01	0.16	117.43	2.91	1.09	13.22	9.42	157.76	46.51	33.32	5.55	36.97	0.51	49.15	21.89	2.91	5.39	3.84%	13.43	11.89	8.46%	99.99
BHL	210.2	-0.8	-0.38%	0.01	0.14	79.95	2.55	1.97	8.59	4.6	90.97	65.21	26.82	3.85	26.9	-	-	12.82	2.53	3.64	1.95%	13.17	10.99	5.88%	85.68
BHPL	505.5	-3	-0.59%	0	0.08	50.03	1.43	1.97	-0.59	-3.5	-	182.17	-4.61	14.92	-948.98	-	-156.74	78.42	1.25	-0.39	-2.31%	7.73	-1.11	-6.64%	-
BJHL	825	-14.01	-1.67%	0.01	0.09	88.82	48.25	1.06	-3.26	-	-	297.83	-19.68	18.61	-380.37	-	-	133.23	48.25	-1.77	-	6.48	-3.67	-	-
BNHC	315.1	-2.99	-0.94%	0	0.15	84.3	0.6	2.94	7.78	0.05	9.74	101.79	15.94	5.58	45.37	0.01	6,676	12.86	0.6	2.31	0.01%	13.59	9.29	0.05%	100
BPCL	654.9	+4.88	+0.75%	0.02	0.11	210.33	6.81	0.09	11.71	9.24	209.11	3.43	48.06	4.53	61.05	1.37	73.58	52.17	6.45	5.05	3.99%	6.51	5.6	4.42%	81.76
BUNGAL	662	+4.01	+0.61%	0.01	0.11	84.68	0.2	3.26	-0.79	-	-	-	-2.06	9.68	-778.48	-	-	28.76	0.2	-0.21	-	5.6	-0.92	-	-
CHCL	477	-1.29	-0.27%	0.05	0.09	121	22.01	0.04	6.42	6.63	134.35	-	55.48	5.46	77.17	-	74.72	76.1	21.29	5.13	5.3%	6.71	5.35	5.52%	72.57
CHL	265	-2	-0.75%	0	0.14	85.09	2.22	1.03	3.25	1.21	48.13	85.57	13.54	4.69	92	0.73	240.5	22.12	2.17	1.89	0.7%	10.45	5.8	2.16%	100.94
DHEL	595	+3.02	+0.51%	0.01	0.04	128.02	0.7	1.31	-4.33	-	-	284.93	-38.81	6.74	-149.42	-	-	103.07	0.7	-1.47	-	3.75	-3.37	-	-
DHPL	285	+1.7	+0.6%	0	0.13	5.06	0.15	55.11	2.92	1.06	10.99	100.65	7.86	82.71	107.5	0.22	284.91	15.02	0.15	1	0.36%	13.76	60.96	22.15%	100
DOLTI	346	-4.91	-1.4%	0	0.1	58.54	0.94	2.25	0.83	-2.27	-	118.77	4.27	10.91	577.11	3.38	-154.19	43.89	0.94	0.43	-1.18%	9.4	1.39	-3.79%	100
DORDI	248	-3.01	-1.2%	0.01	0.08	105.5	5.6	0.68	0.83	-0.88	-	71.37	6.37	3.72	354.22	2.82	-311.14	40.16	5.44	0.51	-0.53%	6.24	1.12	-1.19%	101.05
EHPL	381.7	-1.3	-0.34%	0	0.14	77.73	2.59	1.27	6.42	4.37	87.42	54.08	25.2	7.24	65.73	0.43	88.76	29.44	2.59	3.61	2.45%	13.16	8.48	5.77%	97.99
GHL	222	-1.79	-0.8%	0	0.06	95.07	20.91	0.44	-2.15	-2.14	-	256.14	-28.16	3.62	-120	-	-109.81	60.03	20.91	-1.55	-1.54%	3.37	-2.24	-2.23%	-
GLH	252.6	+0.6	+0.24%	0	0.09	111.36	0.02	4.66	2.18	2.61	80.87	0.39	4.09	3.36	128.9	8.6	101.53	9.38	0.02	0.36	0.43%	0.36	1.97	2.37%	100
GVL	477.6	-0.38	-0.08%	0.02	0.16	125.77	1.95	1.5	19.18	14.85	204.99	58.62	38.15	5.3	26.07	0.79	33	17.69	1.64	5.97	4.63%	10.15	16.12	12.49%	100
HDHPC	207.8	-1.19	-0.57%	0.01	0.04	74.09	1.64	0.12	-4.36	-3.05	-	-	-131.6	4.49	-57.18	-	-71.77	133.49	1.64	-5.25	-3.67%	-0.99	-5.81	-4.07%	-

AVG	420.13	-1.46	-0.35%	0.01	0.105	95.33	7.45	3.35	3.62	3.31	114.77	89.54	8.75	9.679	-152.64	2.243	309.62	50.509	7.38	1.92	1.89%	8.16	5.45	3.5%	94.69
MED	354.3	-1.3	-0.41%	0.01	0.1	95.07	2.55	1.09	2.92	2.79	121.64	58.62	15.94	5.55	53.4	0.76	49.15	48.01	2.53	1.89	1.85%	7.44	4.09	4.04%	99.99
MAX	875	18.91	3.26%	0.05	0.19	210.33	48.25	55.11	19.18	14.85	209.11	297.83	58.34	82.71	577.11	11.71	6,676	133.49	48.25	8.15	8.69%	13.76	60.96	22.15%	101.05
MIN	207.8	-25.02	-2.78%	0	0.04	5.06	0.02	0.04	-19.31	-13.75	9.74	0.39	-131.6	3.36	-3,866.67	0.01	-311.14	9.38	0.02	-5.25	-3.67%	-0.99	-24.52	-17.46%	72.57