Makar Jitumaya Suri Hydropower Limited

HydroPowerMid Cap

NPR 429.80

NPR -5.2-1.20%

09:14 AM NPT · Aug 7, 2026

Est. 2008 · Kathmandu Metropolitan City-11, Kathmandu, Bagmati Province, Nepal · CEO: Bikash Khanal

Makar Jitumaya Suri Hydropower Limited was established under the Company Act 2053 and registered with the Department of Industries in B.S. 2065, later transforming into a public limited company in B.S. 2075. The company is developing two run-of-river hydropower projects in Gaurishankar Rural Municipality, Dolakha—the 6.4 MW Suri Khola Hydropower Project and the 7 MW Upper Suri Khola Hydropower Project. Both projects are being executed in coordination with the Ministry of Energy and the Department of Electricity Development (DoED), with active involvement of the local community. The company aims to accelerate hydropower development and contribute to Nepal’s national economy through clean and sustainable energy generation. The 6.4 MW Suri Khola Hydropower Project received its survey license in 2065-10-09 and generation license in 2071-02-24, while the 7 MW Upper Suri Khola Hydropower Project is designed with a gross head of 422 meters, featuring a multistage water-conveyance system and power evacuation through an 11 km, 33 kV transmission line to the proposed Singati substation. Both projects lie within the Suri Khola corridor, accessible via a 12 km earthen road from Singati, and are strategically positioned to supply clean hydropower to Nepal’s growing energy grid.

www.mjshydropower.com.np/

Trading

Open

435.00

High

435.10

Low

428.60

Prev Close

435.00

Volume

31,056

Turnover

Rs 13,388,551.3

Txns

Valuation · Q3 FY25/26

EPS Ann.

15.28

EPS TTM

10.65

BVPS

115.79

P/E Ann.

28.13

P/E TTM

40.36

Graham #

199.52

Capital

Mkt Cap

3.27 Arab

Total

76.0 Lakh

Public

15.2 Lakh

Promoter

60.8 Lakh

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Sell

RSI

Strong Buy

SuperTrend

Strong Sell

Trend Analysis

Direction

Uptrend

Strength

Moderate

Momentum

RSI (14)

7.38

ADX

21.66

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

450.74

SMA 50

469.84

Bands & Channels

BB Width %

13.73%

Volume & Flow

OBV

1,194,123

Flow Analysis

[ Live 2026-08-07 ]

Total Buy

72,961

Shares Bought

Total Sell

72,961

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 40%

Distribution 60%

Accumulators

Quantity

24,277

Amount

10,553,613

Avg Rate

434.72

Rank

#58

Brokers

#42#80#64#39#35

Distributors

Quantity

36,674

Amount

15,929,939

Avg Rate

434.37

Rank

#41

Brokers

#38#41#17

Net Flow Impact:

-12,397units

(Rs. -5,376,327)

Net Flow by Timeframe

MAKAR — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 103,939 ]

Buy Side

Total: 47,954

Broker

QTY

AVG

NET

7,142

434.73

+6,930

9.8%

5,514

437.34

+1,465

7.6%

5,500

431.10

+5,480

7.5%

5,000

434.85

+5,000

6.8%

4,362

436.06

+325

6.0%

3,410

438.15

+3,050

4.7%

3,225

437.01

+3,205

4.4%

2,450

438.10

+2,450

3.4%

2,350

434.85

+1,210

3.2%

1,651

432.72

+1,641

2.3%

1,600

445.35

+1,580

2.2%

1,580

437.89

+200

2.2%

1,440

439.69

+1,440

2.0%

1,420

433.07

+670

1.9%

1,310

430.07

+1,300

1.8%

Sell Side

Total: 55,985

Broker

QTY

AVG

NET

15,784

433.32

-13,841

21.6%

11,250

431.75

-10,409

15.4%

9,640

439.13

-9,400

13.2%

4,730

438.85

-4,330

6.5%

2,646

434.02

-2,068

3.6%

2,000

438.23

-1,150

2.7%

1,610

432.92

-1,210

2.2%

1,445

438.12

-382

2.0%

1,360

434.51

-560

1.9%

1,070

437.40

-505

1.5%

1,000

436.90

-500

1.4%

960

436.90

-660

1.3%

910

436.20

-510

1.3%

800

432.58

-800

1.1%

780

432.30

-770

1.1%

Financial Fundamentals

Financial Metric	FY25/26 Q3	FY24/25 Q3	FY23/24 Q3	FY22/23 Q3	Growth %
Sources of Fund
Equity
Paid up Capital	760,000	760,000	760,000	0	0.00%
Reserves and Surplus	119,974	41,855	-38,198	0	+186.64%
Other Equity	0.00	0.00	0.00	0	-
Total Equity	879,974	801,855	721,802	0	+9.74%
Non Current Liabilities
Financial Liabilities	1,820,473	1,999,174	2,047,274	0	-8.94%
Other Non Current Liabilities	13,516	0	0	0	-
Total Non Current Liabilities	1,833,989	1,999,174	2,047,274	0	-8.26%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	2,445	3,787	7,107	0	-35.45%
Capital Work In Progress	0.00	0.00	0.00	0	-
Intangible Assets	2,567,637	2,651,722	2,681,247	0	-3.17%
Financial Assets (Investments)	0.00	0.00	0.00	0	-
Other Non Current Assets	0.00	0.00	0.00	0	-
Total Non Current Assets	2,570,082	2,655,509	2,688,354	0	-3.22%
Current Assets
Receivables	0.00	0.00	0.00	0	-
Inventories	0.00	0.00	0.00	0	-
Cash and Cash Equivalent	83,414	98,059	32,157	0	-14.93%
Financial Assets	59,458	49,708	55,254	0	+19.61%
Other Current Assets	6,080	1,789	3,571	0	+239.94%
Total Current Assets (A)	148,952	149,556	90,982	0	-0.40%
Current Liabilities
Financial Liabilities	1,820,473	1,999,174	2,047,274	0	-8.94%
Payables	256.22	412.50	291.12	0	-37.89%
Other Current Liabilities	4,815	3,623	9,969	0	+32.89%
Total Current Liabilities (B)	5,071	4,035	10,260	0	+25.66%
Net Current Assets (A-B)	143,882	145,520	80,722	0	-1.13%

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	414	+0.91	+0.22%	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	265.9	-2.09	-0.78%	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	363	-11	-2.94%	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	256.6	-1.39	-0.54%	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	828	0	0%	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
API	330	-1.89	-0.57%	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	321.2	-1.48	-0.46%	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	323	+1	+0.31%	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	556	-1	-0.18%	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	489	-4.99	-1.01%	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	426	-3.48	-0.81%	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	208.9	-1.09	-0.52%	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	497	-2	-0.4%	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	694	-10	-1.42%	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	286.2	-4.8	-1.65%	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	650	-3	-0.46%	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	584.8	-0.29	-0.05%	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	486	-6	-1.22%	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	268	-2	-0.74%	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
CKHL	584	+5.78	+1%	0	0.11	90.17	0.42	2.23	4.3	0.65	36.31	75.54	12.75	10.56	166.05	0.94	1,023.08	37.64	0.42	1.44	0.21%	10.27	4.63	0.69%	100
DHEL	584.9	+8.93	+1.55%	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	290	-2.99	-1.02%	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	320	0	0%	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	247	-7.01	-2.76%	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	344	0	0%	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	228	-0.5	-0.22%	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	256.9	-0.49	-0.19%	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	482	+1.78	+0.37%	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

AVG	413.73	-1.75	-0.52%	0.01	0.108	95.93	7.4	3.43	3.94	3.46	110.41	88.95	14.09	9.903	-144.37	2.166	357.222	46.959	7.34	2.17	2.05%	8.58	5.84	3.7%	94.96
MED	353.5	-1.44	-0.46%	0	0.1	95.07	2.55	1.19	3.25	2.79	106.31	61.91	15.94	5.58	56.5	0.79	53.47	43.89	2.53	1.89	1.85%	7.73	4.63	4.04%	100
MAX	828	8.93	1.55%	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	133.23	48.25	8.15	8.69%	13.76	60.96	22.15%	101.05
MIN	208.9	-11	-2.94%	0	0.04	5.06	0.02	0.04	-19.31	-13.75	9.74	0.39	-94.75	3.36	-3,866.67	0.01	-311.14	9.38	0.02	-5.08	-3.62%	0.36	-24.52	-17.46%	72.57