Himalayan Power Partner Ltd.

HydroPowerMid Cap

NPR 375.00

NPR +8+2.18%

09:14 AM NPT · Sep 11, 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

363.60

High

378.00

Low

363.60

Prev Close

367.00

Volume

110,915

Turnover

Rs 41,330,144.7

Txns

Valuation · Q4 FY25/26

EPS Ann.

12.57

EPS TTM

12.57

BVPS

130.56

P/E Ann.

29.83

P/E TTM

29.83

Graham #

192.16

Capital

Mkt Cap

4.0 Arab

Total

1.07 Crore

Public

1.07 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Sell

RSI

Neutral

SuperTrend

Strong Buy

Trend Analysis

Direction

Downtrend

Strength

Strong

Momentum

RSI (14)

42.28

ADX

26.45

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

373.54

SMA 50

372.19

Bands & Channels

BB Width %

8.72%

Volume & Flow

OBV

13,955,591

Flow Analysis

[ Live 2026-09-11 ]

Total Buy

263,980

Shares Bought

Total Sell

263,980

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 48%

Distribution 52%

Accumulators

Quantity

71,005

Amount

26,306,819

Avg Rate

370.49

Rank

#25

Brokers

#85#38#6#81

Distributors

Quantity

76,423

Amount

28,259,177

Avg Rate

369.77

Rank

#22

Brokers

#1#75#94#43#74

Net Flow Impact:

-5,418units

(Rs. -1,952,358)

Net Flow by Timeframe

HPPL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 342,862 ]

Buy Side

Total: 179,025

Broker

QTY

AVG

NET

22,957

368.47

+367

8.7%

20,740

368.68

+17,609

7.9%

18,100

368.02

+18,100

6.9%

17,800

372.81

+17,015

6.7%

14,365

373.35

+14,365

5.4%

12,305

370.13

+11,743

4.7%

12,060

374.02

+11,060

4.6%

9,612

370.39

+4,695

3.6%

8,830

368.74

+1,900

3.3%

8,663

372.66

+3,095

3.3%

8,120

366.77

+6,710

3.1%

7,991

368.40

+7,650

3.0%

7,695

370.19

+5,430

2.9%

5,505

369.08

+3,669

2.1%

4,282

370.21

+3,114

1.6%

Sell Side

Total: 163,837

Broker

QTY

AVG

NET

22,740

370.79

-8,418

8.6%

21,113

369.22

-20,313

8.0%

16,000

370.41

-15,988

6.1%

14,510

373.89

-13,315

5.5%

13,576

367.88

-8,480

5.1%

12,890

365.61

-11,050

4.9%

11,910

369.40

-10,135

4.5%

9,961

369.83

-3,729

3.8%

7,819

368.90

-4,319

3.0%

6,932

368.85

-6,922

2.6%

6,119

371.99

-619

2.3%

6,100

373.49

-4,600

2.3%

5,965

368.88

-877

2.3%

4,130

365.55

-3,690

1.6%

4,072

369.99

-1,270

1.5%

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	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	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	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	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	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	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	-	-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	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	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	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	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	-	-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	-	-	-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	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	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	7.56	3.04	148.84	1.36	154.65	11.25	2.03	1	1%	9.26	3.12	3.12%	101.74
CKHL	588	0	0%	0	0.11	100.19	0.83	1.96	13.25	13.25	172.83	40.33	6.37	48.15	0.04	44.93	19.42	0.83	4.44	4.44%	9.73	13.85	13.85%	100
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	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	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	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	-	-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	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	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

AVG	389	7.86	2.29%	0.01	0.1	97	4.91	2.56	2.97	4.32	111.24	10.58	5.374	-16.21	1.077	5.85	23.6	4.83	1.73	2.32%	7.45	5.67	7.45%	94.7
MED	337.25	7.65	2.43%	0	0.1	101.18	1.96	1.17	2.21	3.29	86.82	13.46	3.845	49.03	1.01	60.79	20.425	1.92	1.44	1.92%	7.38	2.83	3.3%	97.25
MAX	681	25.11	5.57%	0.04	0.16	210.87	47.9	33.09	15.06	15.06	216.07	61.66	32.82	365.4	3.03	351.84	56.64	47.9	7.51	7.51%	14.84	93.63	93.63%	109.6
MIN	211.5	-1.99	-0.38%	0	0.04	8.38	0.03	0.04	-17.41	-17.41	32.23	-89.33	2.17	-1,527.67	0.04	-1,593.33	3.84	0.03	-4.43	-4.43%	-0.11	-22.42	-22.42%	78.75