Mountain Energy Nepal Limited

HydroPowerHigh Cap

NPR 647.30

NPR -3.7-0.57%

08:04 AM NPT · Sep 16, 2026

Est. 2064 · Sunrise Bizz Park, 3rd Floor, Dillibazar, Kathmandu, Nepal

Mountain Energy Nepal Limited (MENL) is a leading independent power producer (IPP) engaged in the development, construction, and operation of hydropower projects across Nepal. Established with a mission to harness the country’s abundant water resources, the company focuses on generating clean, reliable, and sustainable energy that supports Nepal’s growing electricity demand and long-term energy security. MENL operates several strategically important run-of-river hydropower projects, including the Lower Hewa Khola Hydropower Project (15 MW) and the Hewa Khola “A” Hydropower Project (14.9 MW), both of which contribute significantly to the national grid. The company emphasizes engineering excellence, environmental stewardship, and strict adherence to regulatory standards under the Department of Electricity Development (DoED). With strong governance, robust technical capacity, and dedicated project management teams, Mountain Energy Nepal Limited collaborates closely with local communities, government agencies, and financial institutions to ensure responsible hydropower development. The company is committed to delivering long-term value to its shareholders while promoting socio-economic growth in project-affected regions through infrastructure support and community engagement initiatives. By prioritizing sustainability, operational efficiency, and innovation, MENL continues to strengthen its position as one of Nepal’s most reliable and forward-looking hydropower developers.

www.mountainenergy.com.np/

Trading

Open

654.00

High

660.00

Low

643.00

Prev Close

651.00

Volume

104,554

Turnover

Rs 68,091,725.4

Txns

Valuation · Q4 FY25/26

EPS Ann.

25.52

EPS TTM

25.52

BVPS

150.78

P/E Ann.

25.36

P/E TTM

25.36

Graham #

294.24

Capital

Mkt Cap

16.85 Arab

Total

2.6 Crore

Public

2.6 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Sell

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Very Strong

Momentum

RSI (14)

71.94

ADX

52.75

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

626.63

SMA 50

603.71

Bands & Channels

BB Width %

7.09%

Volume & Flow

OBV

7,899,101

Flow Analysis

[ Live 2026-09-15 ]

Total Buy

509,653

Shares Bought

Total Sell

509,653

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 57%

Distribution 43%

Accumulators

Quantity

195,352

Amount

125,072,157

Avg Rate

640.24

Rank

Brokers

#42#45#74#101

Distributors

Quantity

148,652

Amount

95,619,962

Avg Rate

643.25

Rank

Brokers

#66#3#52#49#17

Net Flow Impact:

+46,700units

(Rs. 29,452,195)

Net Flow by Timeframe

MEN — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 625,221 ]

Buy Side

Total: 354,664

Broker

QTY

AVG

NET

122,492

639.29

+104,414

24.0%

37,809

643.57

+27,234

7.4%

35,602

648.61

+6,149

7.0%

18,391

635.76

+16,212

3.6%

18,379

633.31

+13,505

3.6%

101

16,660

644.66

+13,590

3.3%

15,775

648.90

+9,865

3.1%

14,438

655.05

+2,900

2.8%

12,850

649.87

+12,850

2.5%

12,700

650.72

+12,589

2.5%

12,134

633.80

+7,134

2.4%

11,695

641.23

+995

2.3%

8,900

635.25

+6,370

1.8%

8,603

638.67

+8,435

1.7%

8,236

643.26

+4,341

1.6%

Sell Side

Total: 270,557

Broker

QTY

AVG

NET

64,036

642.45

-62,536

12.6%

28,448

646.55

-27,248

5.6%

20,682

644.16

-17,382

4.1%

20,026

642.53

-9,221

3.9%

17,820

642.99

-17,614

3.5%

17,666

640.02

-15,266

3.5%

15,005

640.74

-7,929

2.9%

14,450

650.18

-9,085

2.8%

13,397

651.60

-10,567

2.6%

12,329

639.58

-3,803

2.4%

9,710

647.30

-5,555

1.9%

9,550

635.37

-6,361

1.9%

9,335

643.32

-7,941

1.8%

9,179

636.32

-7,553

1.8%

8,924

635.60

-5,119

1.8%

Financial Fundamentals

Financial Metric	FY25/26 Q4	FY24/25 Q4	FY23/24 Q4	FY22/23 Q4	Growth %
Sources of Fund
Equity
Paid up Capital	3,123,259	2,602,716	2,263,231	0	+20.00%
Reserves and Surplus	1,585,941	1,356,298	1,027,994	0	+16.93%
Other Equity	0.00	0.00	0.00	0	-
Total Equity	4,709,200	3,959,014	3,291,225	0	+18.95%
Non Current Liabilities
Financial Liabilities	2,236,799	2,696,593	3,108,189	0	-17.05%
Other Non Current Liabilities	52,478	37,234	35,439	0	+40.94%
Total Non Current Liabilities	2,289,277	2,733,827	3,143,629	0	-16.26%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	31,500	25,968	27,659	0	+21.30%
Capital Work In Progress	0.00	90299.68	90928.93	0	-100.00%
Intangible Assets	5,344,657	5,512,760	5,771,465	0	-3.05%
Financial Assets (Investments)	469,348	0	0	0	-
Other Non Current Assets	0.00	0.00	0.00	0	-
Total Non Current Assets	5,845,505	5,629,028	5,890,053	0	+3.85%
Current Assets
Receivables	1,292,606	1,258,661	762,560	0	+2.70%
Inventories	0.00	0.00	0.00	0	-
Cash and Cash Equivalent	292,618	48,308	131,686	0	+505.74%
Financial Assets	11,430	7,956	26,007	0	+43.66%
Other Current Assets	154,219	225,564	42,021	0	-31.63%
Total Current Assets (A)	1,750,873	1,540,489	962,275	0	+13.66%
Current Liabilities
Financial Liabilities	2,236,799	2,696,593	3,108,189	0	-17.05%
Payables	72,777	63,368	45,033	0	+14.85%
Other Current Liabilities	3,612	0	0	0	-
Total Current Liabilities (B)	597,900	476,675	417,474	0	+25.43%
Net Current Assets (A-B)	1,152,972	1,063,813	544,801	0	+8.38%

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	378.3	+2.18	+0.58%	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	268.3	-4.7	-1.72%	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	350.1	-2.89	-0.82%	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	257	-2.99	-1.15%	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	691	-24.02	-3.36%	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	-4.88	-1.42%	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	328.1	-3.88	-1.17%	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	303.1	-6.79	-2.19%	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	492	-12.98	-2.57%	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	537.9	+7.9	+1.49%	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	428.6	-5.12	-1.18%	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	218	+2.01	+0.93%	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	462.1	-7.9	-1.68%	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	650.6	-14.3	-2.15%	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	277	-2.01	-0.72%	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	680	+6.13	+0.91%	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	526.2	-11.78	-2.19%	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	355.8	-4.29	-1.19%	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	266.8	+0.8	+0.3%	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	582.5	-22.51	-3.72%	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	563	-12.02	-2.09%	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	274	-4.09	-1.47%	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	306	-5.89	-1.89%	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	255	-2	-0.78%	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	332.9	+1.29	+0.39%	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	240.1	-7.71	-3.11%	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	259.6	-3.39	-1.29%	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	493.2	-4.78	-0.96%	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	397.01	-5.38	-1.22%	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	344.55	-4.49	-1.24%	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	691	7.9	1.49%	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	218	-24.02	-3.72%	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