Makar Jitumaya Suri Hydropower Limited

HydroPowerMid Cap

NPR 478.20

NPR -2.3-0.48%

09:12 AM NPT · Jun 26, 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

480.00

High

481.50

Low

472.30

Prev Close

480.50

Volume

2,550

Turnover

Rs 1,222,776.9

Txns

Valuation · Q3 FY25/26

EPS Ann.

15.28

EPS TTM

10.65

BVPS

115.79

P/E Ann.

31.30

P/E TTM

44.90

Graham #

199.52

Capital

Mkt Cap

3.63 Arab

Total

76.0 Lakh

Public

15.2 Lakh

Promoter

60.8 Lakh

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Sell

RSI

Buy

SuperTrend

Strong Sell

Trend Analysis

Direction

Uptrend

Strength

Strong

Momentum

RSI (14)

30.28

ADX

39.95

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

490.25

SMA 50

495.3

Bands & Channels

BB Width %

5.29%

Volume & Flow

OBV

1,588,325

Flow Analysis

[ Live 2026-06-26 ]

Total Buy

20,922

Shares Bought

Total Sell

20,922

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 38%

Distribution 62%

Accumulators

Quantity

8,655

Amount

4,174,833

Avg Rate

482.36

Rank

#81

Brokers

#41#45#49

Distributors

Quantity

14,216

Amount

6,857,038

Avg Rate

482.35

Rank

#71

Brokers

#91#58#13

Net Flow Impact:

-5,561units

(Rs. -2,682,204)

Net Flow by Timeframe

MAKAR — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 36,835 ]

Buy Side

Total: 18,148

Broker

QTY

AVG

NET

3,895

483.05

+3,885

18.6%

3,060

481.07

+3,000

14.6%

2,500

481.40

+1,490

11.9%

1,700

483.11

+1,640

8.1%

1,311

481.75

+1,171

6.3%

1,059

479.18

+1,045

5.1%

1,000

483.20

+910

4.8%

590

483.52

+570

2.8%

500

485.00

+480

2.4%

500

481.40

+500

2.4%

500

484.50

+500

2.4%

454

489.82

+294

2.2%

434

482.42

+404

2.1%

345

480.46

+345

1.6%

300

480.30

+300

1.4%

Sell Side

Total: 18,687

Broker

QTY

AVG

NET

9,420

482.72

-9,400

45.0%

2,940

481.97

-2,500

14.1%

1,856

481.06

-1,746

8.9%

1,010

482.02

-950

4.8%

553

484.97

-553

2.6%

510

481.66

-510

2.4%

500

481.00

-242

2.4%

450

482.38

-230

2.1%

270

482.22

-220

1.3%

270

483.26

-270

1.3%

260

482.33

-200

1.2%

230

480.54

-30

1.1%

182

484.60

-111

0.9%

136

481.67

-136

0.7%

100

485.00

-100

0.5%

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	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
CKHL	620	-5	-0.8%	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	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

AVG	434.85	-1.59	-0.36%	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	372.15	-1.36	-0.41%	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	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	133.23	48.25	8.15	8.69%	13.76	60.96	22.15%	101.05
MIN	210.2	-25.02	-2.78%	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