Madhya Bhotekoshi Jalavidyut Company Limited

HydroPowerHigh Cap

NPR 329.00

NPR +4.7+1.45%

09:14 AM NPT · Nov 6, 2026

Est. July 2010 · Nabil Bank Tower, Kathmandu 44600, Nepal · CEO: Ram Gopal Shivakoti

Madhya Bhotekoshi Jalavidyut Company Limited (MBJCL) is a prominent hydropower company in Nepal established to develop the 102 MW Middle Bhotekoshi Hydroelectric Project, a major run-of-river scheme located in Sindhupalchok District. The company operates under the joint ownership of the Nepal Electricity Authority (NEA), Nepal Doorsanchar Company Limited (NTC), and the general public, making it one of Nepal’s largest publicly invested hydropower ventures. The Middle Bhotekoshi project is strategically designed to enhance Nepal’s energy security by supplying reliable electricity to the national grid. Developed under a run-of-river configuration, the project utilizes the hydrological potential of the Bhotekoshi River to generate clean and renewable power with minimal environmental impact. MBJCL emphasizes high engineering standards, efficient construction practices, and strict compliance with national regulatory frameworks, including oversight from the Department of Electricity Development (DoED). The company also promotes community engagement and local development in the project-affected areas, ensuring that hydropower growth contributes positively to regional socio-economic progress. With its strong institutional backing, high-capacity infrastructure, and commitment to sustainable hydropower development, Madhya Bhotekoshi Jalavidyut Company Limited continues to play a crucial role in strengthening Nepal’s electricity generation capacity and supporting long-term national development.

mbjcl.com.np/

Trading

Open

323.00

High

329.00

Low

323.00

Prev Close

324.30

Volume

63,759

Turnover

Rs 20,876,638.2

Txns

Valuation · Q4 FY25/26

EPS Ann.

2.83

EPS TTM

2.83

BVPS

96.25

P/E Ann.

116.25

P/E TTM

116.25

Graham #

78.29

Capital

Mkt Cap

19.74 Arab

Total

6.0 Crore

Public

6.0 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Sell

RSI

Sell

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Very Strong

Momentum

RSI (14)

63.63

ADX

46.65

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

318.77

SMA 50

295.29

Bands & Channels

BB Width %

18.8%

Volume & Flow

OBV

3,418,156

Flow Analysis

[ Live 2026-11-06 ]

Total Buy

546,208

Shares Bought

Total Sell

546,208

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 48%

Distribution 52%

Accumulators

Quantity

136,434

Amount

45,060,604

Avg Rate

330.27

Rank

#24

Brokers

#77#50#47

Distributors

Quantity

145,467

Amount

48,078,598

Avg Rate

330.51

Rank

#22

Brokers

#35#45#14#95#62

Net Flow Impact:

-9,033units

(Rs. -3,017,995)

Net Flow by Timeframe

MBJC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 640,680 ]

Buy Side

Total: 354,879

Broker

QTY

AVG

NET

67,399

328.79

+20,548

12.3%

57,350

333.25

+56,710

10.5%

43,384

327.41

+31,033

7.9%

35,700

328.97

+29,430

6.5%

34,323

332.25

+26,263

6.3%

19,180

330.39

+9,575

3.5%

18,874

327.21

+11,424

3.5%

14,710

329.37

+11,981

2.7%

12,998

330.22

+6,188

2.4%

12,262

333.80

+9,590

2.2%

9,270

329.13

+6,658

1.7%

8,384

328.97

+5,204

1.5%

8,000

326.45

+6,055

1.5%

7,500

327.77

+1,215

1.4%

5,545

333.57

+4,847

1.0%

Sell Side

Total: 285,801

Broker

QTY

AVG

NET

37,795

333.09

-14,433

6.9%

33,000

328.40

-28,790

6.0%

28,594

331.81

-24,273

5.2%

23,968

330.15

-18,858

4.4%

22,110

327.95

-18,110

4.0%

19,384

329.42

-6,076

3.5%

18,067

324.49

-4,398

3.3%

17,410

332.34

-1,565

3.2%

17,080

327.38

-13,018

3.1%

16,022

329.95

-13,504

2.9%

13,429

328.06

-5,891

2.5%

12,795

328.75

-7,100

2.3%

9,202

334.44

-7,252

1.7%

8,712

331.59

-7,279

1.6%

8,233

331.62

-8,123

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	6,000,000	6,000,000	6,000,000	0	0.00%
Reserves and Surplus	-225,258	-394,226	-414,207	0	+42.86%
Other Equity	0.00	0.00	0.00	0	-
Total Equity	5,774,742	5,605,774	5,585,793	0	+3.01%
Non Current Liabilities
Financial Liabilities	14,729,603	15,777,301	13,856,493	0	-6.64%
Other Non Current Liabilities	0.00	0.00	0.00	0	-
Total Non Current Liabilities	14,729,603	15,777,301	13,856,493	0	-6.64%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	21,567,367	462,012	466,016	0	+4568.14%
Capital Work In Progress	0.00	21131601.64	19135568.72	0	-100.00%
Intangible Assets	0.00	0.00	0.00	0	-
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	21,567,367	21,593,614	19,601,585	0	-0.12%
Current Assets
Receivables	519,282	103,371	43,884	0	+402.35%
Inventories	783.46	653.57	80506.67	0	+19.87%
Cash and Cash Equivalent	11,101	177,463	277,962	0	-93.74%
Financial Assets	0.00	0.00	0.00	0	-
Other Current Assets	123,410	0	0	0	-
Total Current Assets (A)	654,576	281,487	402,353	0	+132.54%
Current Liabilities
Financial Liabilities	14,729,603	15,777,301	13,856,493	0	-6.64%
Payables	574,780	489,134	558,776	0	+17.51%
Other Current Liabilities	2,819	2,891	2,876	0	-2.50%
Total Current Liabilities (B)	1,717,599	492,025	561,652	0	+249.09%
Net Current Assets (A-B)	-1,063,023	-210,538	-159,299	0	-404.91%

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	380	+3.99	+1.06%	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	257.8	+1.1	+0.43%	0.01	0.06	109.71	47.9	0.07	3.41	3.41	91.75	8.49	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	343.9	-2.11	-0.61%	0.01	0.09	93.69	3.15	0.37	3.18	3.18	81.88	45.61	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	256.2	-2.69	-1.04%	0.01	0.06	101.77	0.7	0.85	1.02	1.02	48.33	79.07	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	564.9	+6.92	+1.24%	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	333.7	+0.7	+0.21%	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	22.31	11.58	0.41	6.48	6.48%	11.25	13.36	13.36%	85.19
APPOLO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BARUN	322.2	-1.81	-0.56%	0	0.09	108.19	6.74	0.23	2.08	2.08	71.16	40.72	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	295	-2.5	-0.84%	0	0.07	46.28	4.95	2.24	-1.7	-1.7	-	218.78	-14.77	6.66	-181.18	-	-182.94	26.83	4.95	-1.1	-1.1%	6.83	-3.59	-3.59%	-
BENI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BGWT	503	-4.01	-0.79%	0	0.16	113.3	6.45	0.28	9.01	9.01	151.55	10.83	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	546	0	0%	0.01	0.15	112.53	2.14	0.16	10.81	10.81	165.44	15.96	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	431.8	+1.81	+0.42%	0.01	0.15	118.32	2.69	1.28	11.79	11.79	177.16	49.43	30.69	3.58	35.88	0.31	36.94	11.01	2.69	4.6	4.6%	12.4	10.59	10.59%	97.41
BHL	225	-0.5	-0.22%	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	28.15	6.47	1.72	3.23	3.23%	12.25	9.91	9.91%	83.13
BHPL	429	+8.21	+1.95%	0	0.08	50.03	1.14	1.86	-0.3	-0.3	-	133.02	-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	545	-8.97	-1.62%	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	274	+2.01	+0.74%	0	0.13	100.59	7.62	0.97	1.49	1.49	58.07	111.02	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	694	-12	-1.7%	0.02	0.1	210.87	7.05	0.09	9.84	9.84	216.07	3.19	41.84	3.17	67.89	1.46	70.93	28.41	6.52	4.18	4.18%	5.36	4.69	4.69%	80.94
BUNGAL	458.1	-2.9	-0.63%	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	338	+0.2	+0.06%	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	257	-2.91	-1.12%	0	0.13	84.29	2.08	1.03	1.72	1.72	57.11	92.02	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	438	+13.5	+3.18%	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	44.98	19.42	0.83	4.44	4.44%	9.73	13.85	13.85%	100
DHEL	508	+2.02	+0.4%	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	269	-4.01	-1.47%	0	0.14	8.38	0.23	33.09	5.51	5.51	32.23	84.53	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	308.9	-1.08	-0.35%	0	0.1	59.87	1.11	2.2	0.87	0.87	34.23	125.13	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	273.8	+1.8	+0.66%	0.01	0.07	106.3	1.83	0.91	1.42	1.42	58.28	57.15	10.91	2.32	173.94	1.3	185.14	18.97	1.81	0.76	0.76%	5.94	1.35	1.35%	106.79
EHPL	325	0	0%	0	0.13	76.3	2.47	1.28	3.39	3.39	76.29	69.82	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	323	-1	-0.31%	0.01	0.06	95.05	4.74	0.45	-1.33	-1.33	-	154.32	-15.98	2.26	-161.65	-	-182.93	25.9	4.74	-0.94	-0.94%	3.92	-1.38	-1.38%	-
GLH	263	+1.7	+0.65%	0	0.1	112.05	0.03	4.81	2.33	2.33	76.64	0.32	3.68	2.17	104.29	-	117.38	3.84	0.03	0.37	0.37%	0.39	2.09	2.09%	100
GVL	559	+3	+0.54%	0.02	0.14	124.33	1.4	1.52	12.94	12.94	190.26	82.6	29.87	3.86	37.09	2.71	38.25	11.09	1.24	4.07	4.07%	8.29	10.94	10.94%	97.08

AVG	382.94	0.02	0.01%	0.01	0.1	97	4.91	2.56	2.97	4.32	111.24	78.01	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	335.85	0	0%	0	0.1	101.18	1.96	1.17	2.21	3.29	86.82	69.82	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	694	13.5	3.18%	0.03	0.16	210.87	47.9	33.09	15.06	15.06	216.07	233.82	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	225	-12	-1.7%	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	-1,566.67	3.84	0.03	-4.43	-4.43%	-0.11	-22.42	-22.42%	78.75