Madhya Bhotekoshi Jalavidyut Company Limited

HydroPowerHigh Cap

NPR 277.00

NPR 00.00%

09:14 AM NPT · Jun 26, 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

275.80

High

280.00

Low

275.50

Prev Close

277.00

Volume

20,247

Turnover

Rs 5,598,095.7

Txns

Valuation · Q3 FY25/26

EPS Ann.

1.71

EPS TTM

1.05

BVPS

94.70

P/E Ann.

161.99

P/E TTM

263.81

Graham #

60.36

Capital

Mkt Cap

16.62 Arab

Total

6.0 Crore

Public

6.0 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Sell

RSI

Strong Buy

SuperTrend

Strong Sell

Trend Analysis

Direction

Uptrend

Strength

Moderate

Momentum

RSI (14)

24.58

ADX

22.99

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

282.56

SMA 50

284.85

Bands & Channels

BB Width %

3.95%

Volume & Flow

OBV

1,536,852

Flow Analysis

[ Live 2026-06-26 ]

Total Buy

79,919

Shares Bought

Total Sell

79,919

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 47%

Distribution 53%

Accumulators

Quantity

29,668

Amount

8,259,737

Avg Rate

278.41

Rank

#58

Brokers

#95#42#1

Distributors

Quantity

33,321

Amount

9,265,204

Avg Rate

278.06

Rank

#51

Brokers

#58#26#49#34#57

Net Flow Impact:

-3,653units

(Rs. -1,005,467)

Net Flow by Timeframe

MBJC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 115,116 ]

Buy Side

Total: 57,361

Broker

QTY

AVG

NET

14,916

278.54

+14,916

18.7%

8,136

279.78

+7,795

10.2%

6,616

276.41

+6,446

8.3%

4,520

277.17

+4,444

5.7%

4,000

279.22

+3,890

5.0%

3,155

279.69

+3,105

4.0%

2,850

279.00

+2,460

3.6%

2,701

278.99

+2,121

3.4%

1,837

278.32

+1,697

2.3%

1,750

278.91

+1,306

2.2%

1,708

278.10

+1,358

2.1%

1,570

278.72

+1,240

2.0%

1,360

276.80

+1,350

1.7%

1,242

279.20

+617

1.6%

1,000

279.80

+850

1.3%

Sell Side

Total: 57,755

Broker

QTY

AVG

NET

12,901

277.77

-10,065

16.1%

6,363

279.57

-4,844

8.0%

5,798

277.91

-5,698

7.3%

4,498

277.41

-3,833

5.6%

3,761

277.50

-2,991

4.7%

3,350

279.63

-1,797

4.2%

3,261

279.23

-1,536

4.1%

2,833

280.69

-2,413

3.5%

2,655

278.75

-2,235

3.3%

2,490

279.42

-1,550

3.1%

2,222

277.25

-2,172

2.8%

2,039

279.18

-1,779

2.5%

2,030

276.02

-2,030

2.5%

1,834

278.54

-1,179

2.3%

1,720

281.00

-1,720

2.1%

Financial Fundamentals

Financial Metric	FY25/26 Q3	FY24/25 Q3	FY23/24 Q3	FY22/23 Q3	Growth %
Sources of Fund
Equity
Paid up Capital	6,000,000	6,000,000	6,000,000	0	0.00%
Reserves and Surplus	-318,100	-380,637	-406,523	0	+16.43%
Other Equity	0.00	0.00	0.00	0	-
Total Equity	5,681,900	5,619,363	5,593,477	0	+1.11%
Non Current Liabilities
Financial Liabilities	15,708,054	15,090,563	13,484,169	0	+4.09%
Other Non Current Liabilities	0.00	0.00	0.00	0	-
Total Non Current Liabilities	15,708,054	15,090,563	13,484,169	0	+4.09%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	21,551,357	463,143	467,176	0	+4553.28%
Capital Work In Progress	186,335	20,683,204	18,407,208	0	-99.10%
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	21,737,693	21,146,347	18,874,384	0	+2.80%
Current Assets
Receivables	450,587	113,011	40,148	0	+298.71%
Inventories	865.71	787.26	380574.85	0	+9.96%
Cash and Cash Equivalent	61,700	97,917	268,351	0	-36.99%
Financial Assets	0.00	0.00	0.00	0	-
Other Current Assets	124,380	0	0	0	-
Total Current Assets (A)	637,533	211,715	689,074	0	+201.13%
Current Liabilities
Financial Liabilities	15,708,054	15,090,563	13,484,169	0	+4.09%
Payables	532,318	645,238	482,832	0	-17.50%
Other Current Liabilities	2,954	2,898	2,980	0	+1.94%
Total Current Liabilities (B)	985,272	648,136	485,812	0	+52.02%
Net Current Assets (A-B)	-347,739	-436,421	203,262	0	+20.32%

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