Madhya Bhotekoshi Jalavidyut Company Limited

HydroPowerHigh Cap

NPR 266.50

NPR -0.1-0.04%

06:40 AM NPT · Aug 12, 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

261.00

High

269.00

Low

261.00

Prev Close

266.60

Volume

1,076

Turnover

Rs 287,042.2

Txns

Valuation · Q3 FY25/26

EPS Ann.

1.71

EPS TTM

1.05

BVPS

94.70

P/E Ann.

155.85

P/E TTM

253.81

Graham #

60.36

Capital

Mkt Cap

15.99 Arab

Total

6.0 Crore

Public

6.0 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Sell

RSI

Buy

SuperTrend

Strong Sell

Trend Analysis

Direction

Uptrend

Strength

Moderate

Momentum

RSI (14)

32.05

ADX

22.18

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

270.65

SMA 50

275.2

Bands & Channels

BB Width %

6.54%

Volume & Flow

OBV

1,471,996

Flow Analysis

[ Live 2026-08-11 ]

Total Buy

65,033

Shares Bought

Total Sell

65,033

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 46%

Distribution 54%

Accumulators

Quantity

24,049

Amount

6,440,913

Avg Rate

267.82

Rank

#72

Brokers

#95#44#51#29

Distributors

Quantity

28,805

Amount

7,693,705

Avg Rate

267.10

Rank

#60

Brokers

#49#37#45#66#65

Net Flow Impact:

-4,756units

(Rs. -1,252,793)

Net Flow by Timeframe

MBJC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 85,821 ]

Buy Side

Total: 45,563

Broker

QTY

AVG

NET

10,921

269.32

+5,571

16.8%

7,170

266.07

+7,170

11.0%

5,756

267.41

+294

8.8%

3,706

267.59

+3,326

5.7%

2,252

266.55

+1,912

3.5%

2,190

265.96

+1,630

3.4%

1,890

266.20

+1,310

2.9%

1,750

265.26

+1,390

2.7%

1,745

266.61

+1,200

2.7%

1,485

266.53

+1,035

2.3%

1,460

266.41

+1,410

2.3%

1,370

265.92

+1,290

2.1%

1,365

266.26

+445

2.1%

1,281

266.87

+651

2.0%

1,222

266.42

+822

1.9%

Sell Side

Total: 40,258

Broker

QTY

AVG

NET

12,960

266.06

-11,735

19.9%

10,260

267.81

-10,260

15.8%

2,604

268.06

-2,079

4.0%

1,784

267.21

-241

2.7%

1,550

269.52

-1,330

2.4%

1,530

268.57

-1,380

2.4%

1,451

268.00

-1,451

2.2%

1,288

265.62

-1,098

2.0%

1,268

265.50

-548

1.9%

1,090

270.68

-1,070

1.7%

1,058

267.64

-848

1.6%

1,020

266.77

-1,020

1.6%

915

266.87

-705

1.4%

780

266.43

-31

1.2%

700

266.12

-700

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	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	412	-5	-1.2%	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	-0.21	-0.08%	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	361.1	-3.91	-1.07%	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	254	-0.31	-0.12%	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	822	-7.97	-0.96%	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
API	331	-1	-0.3%	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	318.1	-0.99	-0.31%	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	317	-0.99	-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	540	-5.01	-0.92%	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	490.1	+0.1	+0.02%	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	428.9	+0.81	+0.19%	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	209	+1	+0.48%	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	486	-13.02	-2.61%	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	680.6	-0.41	-0.06%	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	283	-1.51	-0.53%	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	656.9	+9.9	+1.53%	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	590	-1	-0.17%	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	482	0	0%	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	264	-3.29	-1.23%	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	580	-18.99	-3.17%	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	605	-10.02	-1.63%	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	282.1	-7.89	-2.72%	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	319.9	+0.89	+0.28%	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	250.5	-0.5	-0.2%	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	337	+0.81	+0.24%	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	231	+0.99	+0.43%	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	259.6	+1.39	+0.54%	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	479	-1.49	-0.31%	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	411.92	-2.41	-0.51%	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	349.05	-0.99	-0.25%	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	822	9.9	1.53%	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	209	-18.99	-3.17%	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