Himalayan Power Partner Ltd.

HydroPowerMid Cap

NPR 380.00

NPR +7.8+2.10%

09:14 AM NPT · Sep 24, 2026

Est. 2061 B.S. · Maharajgunj, Kathmandu, Nepal · CEO: Upasana Poudel

Himal Power Limited (HPL) is one of Nepal’s pioneering private-sector power developers, best known for owning and operating the Khimti I Hydropower Project, the first large-scale private hydropower project in the country built under the Build–Own–Operate–Transfer (BOOT) model. The project marked a major milestone in Nepal’s energy sector by introducing international-standard project financing, engineering, and operation practices. Established in 1993, HPL was formed as a joint venture between Butwal Power Company (BPC), Statkraft SF, Alstom Power a.s. (formerly ABB Kraft), and GE Energy a.s. (formerly Kværner Energy). Over time, the shareholding structure evolved, and today the company is owned by Statkraft, Enivy AS (formerly BKK), and Butwal Power Company (BPC)—reflecting a strong blend of international hydropower expertise and local industry leadership. Through the Khimti I project, HPL has played an instrumental role in enabling Nepal to modernize its hydropower development framework, attract foreign investment, and expand renewable energy capacity. The company continues to contribute significantly to Nepal’s power generation, technological advancement, and energy security.

hpl.com.np/welcome/

Trading

Open

377.00

High

380.00

Low

372.00

Prev Close

372.20

Volume

79,505

Turnover

Rs 29,996,183.7

Txns

233

Valuation · Q4 FY25/26

EPS Ann.

12.57

EPS TTM

12.57

BVPS

130.56

P/E Ann.

30.23

P/E TTM

30.23

Graham #

192.16

Capital

Mkt Cap

4.05 Arab

Total

1.07 Crore

Public

1.07 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Buy

RSI

Sell

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Strong

Momentum

RSI (14)

67.8

ADX

34.31

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

374.05

SMA 50

375.27

Bands & Channels

BB Width %

9.7%

Volume & Flow

OBV

14,776,546

Flow Analysis

[ Live 2026-09-24 ]

Total Buy

417,266

Shares Bought

Total Sell

417,266

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 35%

Distribution 65%

Accumulators

Quantity

98,989

Amount

37,776,014

Avg Rate

381.62

Rank

#28

Brokers

#38#85#44#81#36#57

Distributors

Quantity

180,163

Amount

68,748,554

Avg Rate

381.59

Rank

#15

Brokers

#34#50#82

Net Flow Impact:

-81,174units

(Rs. -30,972,540)

Net Flow by Timeframe

HPPL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 507,162 ]

Buy Side

Total: 207,341

Broker

QTY

AVG

NET

21,075

383.35

+17,710

5.0%

19,625

384.67

+12,770

4.7%

18,053

383.58

+1,295

4.3%

16,605

382.41

+2,565

4.0%

16,179

382.81

+11,600

3.9%

16,140

378.83

+16,140

3.9%

13,460

377.74

+11,792

3.2%

12,510

380.15

+12,322

3.0%

12,325

382.10

+4,410

3.0%

11,613

380.84

+9,053

2.8%

10,611

383.04

+5,591

2.5%

10,494

379.68

+10,494

2.5%

10,290

383.59

+7,412

2.5%

9,261

382.57

+9,026

2.2%

9,100

380.88

+7,975

2.2%

Sell Side

Total: 299,821

Broker

QTY

AVG

NET

143,424

381.42

-124,484

34.4%

20,909

380.65

-18,198

5.0%

18,869

383.27

-3,815

4.5%

15,834

380.09

-6,849

3.8%

15,830

384.34

-15,680

3.8%

15,698

383.02

-5,904

3.8%

13,580

381.54

-5,892

3.3%

12,100

384.63

-1,240

2.9%

9,691

379.11

-7,295

2.3%

7,793

378.76

-1,218

1.9%

7,040

385.22

-5,012

1.7%

6,507

381.07

-3,687

1.6%

5,598

381.73

-2,669

1.3%

3,858

383.07

-1,243

0.9%

3,090

378.26

-2,795

0.7%

Financial Fundamentals

Financial Metric	FY25/26 Q4	FY24/25 Q4	FY23/24 Q4	FY22/23 Q4	Growth %
Sources of Fund
Equity
Paid up Capital	1,598,126	1,065,417	1,065,417	0	+50.00%
Reserves and Surplus	371,034	171,579	98,954	0	+116.25%
Other Equity	117,311	0	0	0	-
Total Equity	2,086,470	1,236,996	1,164,371	0	+68.67%
Non Current Liabilities
Financial Liabilities	2,922,380	4,037,373	4,180,917	0	-27.62%
Other Non Current Liabilities	5,000	0	0	0	-
Total Non Current Liabilities	2,927,380	4,037,373	4,180,917	0	-27.49%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	18,285	19,425	20,972	0	-5.87%
Capital Work In Progress	0.00	27.58	0.00	0	-100.00%
Intangible Assets	4,911,589	5,148,850	5,385,714	0	-4.61%
Financial Assets (Investments)	40,000	39,400	5,500	0	+1.52%
Other Non Current Assets	0.00	0.00	0.00	0	-
Total Non Current Assets	4,969,874	5,207,703	5,412,185	0	-4.57%
Current Assets
Receivables	441,221	248,395	140,202	0	+77.63%
Inventories	0.00	0.00	0.00	0	-
Cash and Cash Equivalent	24,625	14,336	1,548	0	+71.78%
Financial Assets	11,201	25,890	91,640	0	-56.74%
Other Current Assets	13,102	2,823	2,826	0	+364.14%
Total Current Assets (A)	490,150	291,443	236,216	0	+68.18%
Current Liabilities
Financial Liabilities	2,922,380	4,037,373	4,180,917	0	-27.62%
Payables	36,910	69,745	204,114	0	-47.08%
Other Current Liabilities	5,577	0	0	0	-
Total Current Liabilities (B)	446,174	224,778	303,114	0	+98.50%
Net Current Assets (A-B)	43,976	66,665	-66,898	0	-34.04%

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	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	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	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	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	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	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	-	-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	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	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	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	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	-	-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	-	-	-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	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	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	7.56	3.04	148.84	1.37	155.81	11.25	2.03	1	1%	9.26	3.12	3.12%	101.74
CKHL	582.4	-4.58	-0.78%	0	0.11	100.19	0.83	1.96	13.25	13.25	172.83	40.33	6.37	48.15	0.04	44.98	19.42	0.83	4.44	4.44%	9.73	13.85	13.85%	100
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	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	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	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	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	-	-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	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	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

AVG	397.63	1.73	0.34%	0.01	0.1	97	4.91	2.56	2.97	4.32	111.24	10.58	5.374	-16.21	1.103	8.228	23.6	4.83	1.73	2.32%	7.45	5.67	7.45%	94.7
MED	343.4	0.91	0.26%	0	0.1	101.18	1.96	1.17	2.21	3.29	86.82	13.46	3.845	49.03	1.065	52.06	20.425	1.92	1.44	1.92%	7.38	2.83	3.3%	97.25
MAX	676	15.82	2.83%	0.03	0.16	210.87	47.9	33.09	15.06	15.06	216.07	61.66	32.82	365.4	3.06	355.17	56.64	47.9	7.51	7.51%	14.84	93.63	93.63%	109.6
MIN	212.2	-4.99	-1.64%	0	0.04	8.38	0.03	0.04	-17.41	-17.41	32.23	-89.33	2.17	-1,527.67	0.04	-1,566.67	3.84	0.03	-4.43	-4.43%	-0.11	-22.42	-22.42%	78.75