Madhya Bhotekoshi Jalavidyut Company Limited

HydroPowerHigh Cap

NPR 314.00

NPR +1+0.32%

06:35 AM NPT · Oct 15, 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

310.10

High

317.00

Low

310.10

Prev Close

313.00

Volume

70,588

Turnover

Rs 22,213,807.9

Txns

Valuation · Q4 FY25/26

EPS Ann.

2.83

EPS TTM

2.83

BVPS

96.25

P/E Ann.

110.95

P/E TTM

110.95

Graham #

78.29

Capital

Mkt Cap

18.84 Arab

Total

6.0 Crore

Public

6.0 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Buy

RSI

Strong Sell

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Strong

Momentum

RSI (14)

77.33

ADX

30.34

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

298.64

SMA 50

280.23

Bands & Channels

BB Width %

7.34%

Volume & Flow

OBV

2,622,464

Flow Analysis

[ Live 2026-10-14 ]

Total Buy

490,906

Shares Bought

Total Sell

490,906

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 64%

Distribution 36%

Accumulators

Quantity

302,644

Amount

92,258,025

Avg Rate

304.84

Rank

#11

Brokers

#40#33#50

Distributors

Quantity

167,823

Amount

50,860,822

Avg Rate

303.06

Rank

#17

Brokers

#49#58#29#62#64#35

Net Flow Impact:

+134,821units

(Rs. 41,397,203)

Net Flow by Timeframe

MBJC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 669,505 ]

Buy Side

Total: 395,234

Broker

QTY

AVG

NET

160,976

303.31

+123,100

32.8%

131,023

306.79

+129,038

26.7%

15,238

302.35

+6,260

3.1%

13,690

301.91

+202

2.8%

12,396

306.81

+7,191

2.5%

10,645

303.96

+8,363

2.2%

9,251

303.96

+5,841

1.9%

8,715

305.19

+7,175

1.8%

7,820

306.60

+1,361

1.6%

6,019

302.92

+3,529

1.2%

4,400

308.01

+4,050

0.9%

4,176

311.57

+3,976

0.8%

4,100

299.28

+3,945

0.8%

3,855

298.71

+3,645

0.8%

2,930

308.24

+1,500

0.6%

Sell Side

Total: 274,271

Broker

QTY

AVG

NET

79,865

301.19

-69,955

16.3%

25,919

305.72

-22,900

5.3%

19,965

299.84

-16,098

4.1%

19,416

308.07

-9,508

4.0%

16,880

304.00

-15,322

3.4%

13,689

308.56

-9,639

2.8%

13,034

308.16

-12,032

2.7%

12,160

308.19

-12,160

2.5%

12,097

307.03

-11,837

2.5%

11,010

306.86

-11,010

2.2%

10,452

307.40

-8,292

2.1%

10,187

305.84

-9,837

2.1%

10,040

306.34

-9,117

2.0%

9,792

309.75

-9,792

2.0%

9,765

309.83

-9,765

2.0%

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	363.8	-1.2	-0.33%	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	258.7	+2.79	+1.09%	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	347.6	+3.61	+1.05%	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	251.1	+0.1	+0.04%	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	590.1	-6.32	-1.06%	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	339.5	+2.49	+0.74%	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	330.5	+0.5	+0.15%	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	298.3	+7.9	+2.72%	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	488.5	+3.4	+0.7%	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	524	+1.52	+0.29%	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	433	+11.51	+2.73%	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	220	+0.31	+0.14%	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	418.4	+8.4	+2.05%	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	538	-6.98	-1.28%	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	272.1	-0.49	-0.18%	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	643.4	-3.62	-0.56%	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	465.1	-9.88	-2.08%	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	333.8	+4.8	+1.46%	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	259	+2.11	+0.82%	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	496	-5.52	-1.1%	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	501.2	-6.81	-1.34%	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	267	0	0%	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	306	-0.31	-0.1%	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	262	+0.99	+0.38%	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	315	-2	-0.63%	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	300	+6	+2.04%	0	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	267	+1.41	+0.53%	0.01	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	525	+4.01	+0.77%	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	379.08	0.67	0.32%	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	336.65	0.74	0.22%	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	643.4	11.51	2.73%	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	220	-9.88	-2.08%	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