Mandu Hydropower Limited

HydroPowerHigh Cap

NPR 697.00

NPR -2.8-0.40%

09:14 AM NPT · Sep 15, 2026

Est. 2006 · RB Tower, 7th Floor, Lazimpat, Kathmandu, Nepal · CEO: Ms. Sophia Pandey

Mandu Hydropower Limited is a Nepali independent power producer (IPP) engaged in the development, construction, and operation of run-of-river hydropower projects. The company focuses on harnessing clean and renewable energy resources to support Nepal’s growing electricity demand and contribute to national energy security. Registered under Nepal’s Company Act, Mandu Hydropower operates with a commitment to environmental sustainability, efficient engineering, and responsible project execution. The company develops hydropower projects in coordination with the Department of Electricity Development (DoED), local governments, and community stakeholders to ensure long-term operational reliability and socio-economic benefits. With a focus on technical excellence, compliance, and value creation for investors, Mandu Hydropower Limited aims to play a significant role in strengthening Nepal’s hydroelectric capacity and supporting sustainable economic growth.

manduhydropower.com/

Trading

Open

734.00

High

734.00

Low

690.00

Prev Close

699.80

Volume

11,916

Turnover

Rs 8,327,265.5

Txns

Valuation · Q4 FY25/26

EPS Ann.

23.36

EPS TTM

23.36

BVPS

162.88

P/E Ann.

29.84

P/E TTM

29.84

Graham #

292.59

Capital

Mkt Cap

9.5 Arab

Total

1.36 Crore

Public

13.64 Lakh

Promoter

1.23 Crore

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Buy

RSI

Buy

SuperTrend

Strong Sell

Trend Analysis

Direction

Downtrend

Strength

Strong

Momentum

RSI (14)

38.73

ADX

33.7

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

704.74

SMA 50

717.37

Bands & Channels

BB Width %

19.76%

Volume & Flow

OBV

976,939

Flow Analysis

[ Live 2026-09-15 ]

Total Buy

88,847

Shares Bought

Total Sell

88,847

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 57%

Distribution 43%

Accumulators

Quantity

50,913

Amount

35,067,921

Avg Rate

688.78

Rank

#25

Brokers

#34#59#4

Distributors

Quantity

37,733

Amount

25,893,471

Avg Rate

686.23

Rank

#37

Brokers

#58#54#74#45

Net Flow Impact:

+13,180units

(Rs. 9,174,450)

Net Flow by Timeframe

MANDU — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 142,279 ]

Buy Side

Total: 72,484

Broker

QTY

AVG

NET

31,635

684.69

+31,375

35.6%

12,245

696.60

+10,931

13.8%

7,033

693.56

+6,813

7.9%

4,340

687.87

+2,140

4.9%

3,470

681.34

+3,470

3.9%

3,102

691.29

+2,715

3.5%

2,620

679.20

+90

3.0%

1,805

693.15

+1,791

2.0%

1,790

694.62

+1,070

2.0%

1,300

688.85

+550

1.5%

722

675.40

+87

0.8%

700

695.34

+700

0.8%

700

673.14

+681

0.8%

647

679.32

+647

0.7%

375

667.93

+175

0.4%

Sell Side

Total: 69,795

Broker

QTY

AVG

NET

20,693

680.09

-16,322

23.3%

5,905

688.51

-5,855

6.7%

5,735

697.00

-5,479

6.5%

5,500

684.37

-4,500

6.2%

5,400

695.82

-5,052

6.1%

5,355

678.87

-4,555

6.0%

3,637

701.23

-2,967

4.1%

3,482

680.71

-3,342

3.9%

2,750

694.49

-2,320

3.1%

2,136

700.69

-2,136

2.4%

2,110

704.16

-1,510

2.4%

2,010

684.25

-2,010

2.3%

2,010

686.39

-10

2.3%

1,600

658.69

-1,600

1.8%

1,472

699.70

-54

1.7%

Financial Fundamentals

Financial Metric	FY25/26 Q4	FY24/25 Q4	FY23/24 Q4	FY22/23 Q4	Growth %
Sources of Fund
Equity
Paid up Capital	1,363,637	1,363,637	1,363,637	0	0.00%
Reserves and Surplus	686,873	365,523	469,928	0	+87.92%
Other Equity	170,598	170,598	170,598	0	0.00%
Total Equity	2,221,108	1,899,758	2,004,163	0	+16.92%
Non Current Liabilities
Financial Liabilities	2,400,504	2,649,844	1,746,514	0	-9.41%
Other Non Current Liabilities	0.00	0.00	0.00	0	-
Total Non Current Liabilities	2,400,504	2,649,844	1,746,514	0	-9.41%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	650.16	380.25	703.05	0	+70.98%
Capital Work In Progress	0.00	371065.90	0.00	0	-100.00%
Intangible Assets	4,621,409	3,370,868	3,509,430	0	+37.10%
Financial Assets (Investments)	400,000	400,000	400,000	0	0.00%
Other Non Current Assets	21,527	21,527	3,671	0	0.00%
Total Non Current Assets	5,043,586	4,163,841	3,913,805	0	+21.13%
Current Assets
Receivables	166,086	1,216	118,281	0	+13554.56%
Inventories	4,723	39,961	39,961	0	-88.18%
Cash and Cash Equivalent	5,356	5,266	2,058	0	+1.72%
Financial Assets	0.00	0.00	0.00	0	-
Other Current Assets	18,060	674,976	10,694	0	-97.32%
Total Current Assets (A)	194,225	721,419	170,993	0	-73.08%
Current Liabilities
Financial Liabilities	2,400,504	2,649,844	1,746,514	0	-9.41%
Payables	87,538	334,448	6,417	0	-73.83%
Other Current Liabilities	8,662	1,209	5,563	0	+616.55%
Total Current Liabilities (B)	616,199	335,657	334,121	0	+83.58%
Net Current Assets (A-B)	-421,974	385,761	-163,128	0	-209.39%

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	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	376.1	+18.11	+5.06%	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	273	+7	+2.63%	0.01	0.06	109.71	47.9	0.07	3.41	3.41	91.75	8.49	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	353	+9.11	+2.65%	0.01	0.09	93.69	3.15	0.37	3.18	3.18	81.88	45.61	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	260	+3.31	+1.29%	0.01	0.06	101.77	0.7	0.85	1.02	1.02	48.33	79.07	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	715	+17.98	+2.58%	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	343.9	+3.91	+1.15%	0.02	0.12	119.51	0.41	1.05	15.06	15.06	201.24	38.4	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	332	+12.8	+4.01%	0	0.09	108.19	6.74	0.23	2.08	2.08	71.16	40.72	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	309.9	+5.9	+1.94%	0	0.07	46.28	4.95	2.24	-1.7	-1.7	-	218.78	-14.77	6.66	-181.18	-	-181.18	26.83	4.95	-1.1	-1.1%	6.83	-3.59	-3.59%	-
BENI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BGWT	505	+8	+1.61%	0	0.16	113.3	6.45	0.28	9.01	9.01	151.55	10.83	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	530	+6.49	+1.24%	0	0.15	112.53	2.14	0.16	10.81	10.81	165.44	15.96	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	433.7	+8.8	+2.07%	0.01	0.15	118.32	2.69	1.28	11.79	11.79	177.16	49.43	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	216	+5	+2.37%	0.01	0.13	81.22	1.8	1.96	7.72	7.72	118.78	62.35	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	470	+10.12	+2.2%	0	0.08	50.03	1.14	1.86	-0.3	-0.3	-	133.02	-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	664.9	+14.89	+2.29%	0.01	0.09	88.95	2.57	1.05	-2.6	-	-	233.82	-15.28	7.66	-261.92	-	-	40.04	2.57	-1.42	-	6.85	-2.92	-	-
BNHC	279	+3.01	+1.09%	0	0.13	100.59	7.62	0.97	1.49	1.49	58.07	111.02	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	673.9	+20.01	+3.06%	0.02	0.1	210.87	7.05	0.09	9.84	9.84	216.07	3.19	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	538	+15.01	+2.87%	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	360.1	+1.4	+0.39%	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	266	+5.5	+2.11%	0	0.13	84.29	2.08	1.03	1.72	1.72	57.11	92.02	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	605	+14.99	+2.54%	0	0.11	100.19	0.83	1.96	13.25	13.25	172.83	77.7	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	575	+5.02	+0.88%	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	278.1	+3.11	+1.13%	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	311.9	+4.91	+1.6%	0	0.1	59.87	1.11	2.2	0.87	0.87	34.23	125.13	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	257	+6	+2.39%	0.01	0.07	106.3	1.83	0.91	1.42	1.42	58.28	57.15	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	331.6	+5.61	+1.72%	0	0.13	76.3	2.47	1.28	3.39	3.39	76.29	69.82	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	247.8	+2.89	+1.18%	0	0.06	95.05	4.74	0.45	-1.33	-1.33	-	154.32	-15.98	2.26	-161.65	-	-173.68	25.9	4.74	-0.94	-0.94%	3.92	-1.38	-1.38%	-
GLH	263	+5.81	+2.26%	0	0.1	112.05	0.03	4.81	2.33	2.33	76.64	0.32	3.68	2.17	104.29	-	108.28	3.84	0.03	0.37	0.37%	0.39	2.09	2.09%	100
GVL	498	+4	+0.81%	0.02	0.14	124.33	1.4	1.52	12.94	12.94	190.26	82.6	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	402.39	8.17	2.04%	0.01	0.1	97	4.91	2.56	2.97	4.32	111.24	77.72	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	348.45	5.95	2.09%	0	0.1	101.18	1.96	1.17	2.21	3.29	86.82	66.09	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	715	20.01	5.06%	0.04	0.16	210.87	47.9	33.09	15.06	15.06	216.07	233.82	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	216	1.4	0.39%	0	0.04	8.38	0.03	0.04	-17.41	-17.41	32.23	0.32	-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