Mountain Energy Nepal Limited

HydroPowerHigh Cap

NPR 653.00

NPR +1.8+0.28%

09:14 AM NPT · Sep 24, 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

646.50

High

653.00

Low

644.60

Prev Close

651.20

Volume

97,155

Turnover

Rs 62,891,851.8

Txns

291

Valuation · Q4 FY25/26

EPS Ann.

25.52

EPS TTM

25.52

BVPS

150.78

P/E Ann.

25.59

P/E TTM

25.59

Graham #

294.24

Capital

Mkt Cap

17.0 Arab

Total

2.6 Crore

Public

2.6 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Buy

RSI

Strong Sell

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Very Strong

Momentum

RSI (14)

79.36

ADX

50.5

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

634.98

SMA 50

613.68

Bands & Channels

BB Width %

9.45%

Volume & Flow

OBV

7,992,609

Flow Analysis

[ Live 2026-09-24 ]

Total Buy

409,013

Shares Bought

Total Sell

409,013

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 55%

Distribution 45%

Accumulators

Quantity

182,924

Amount

119,184,807

Avg Rate

651.55

Rank

Brokers

#58#56#42#77#50

Distributors

Quantity

146,917

Amount

95,480,875

Avg Rate

649.90

Rank

#11

Brokers

#45#65#16#97#84

Net Flow Impact:

+36,007units

(Rs. 23,703,932)

Net Flow by Timeframe

MEN — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 544,667 ]

Buy Side

Total: 304,761

Broker

QTY

AVG

NET

60,423

653.13

+41,700

14.8%

41,476

653.45

+36,824

10.1%

35,352

649.48

+27,565

8.6%

26,351

649.78

+18,135

6.4%

26,111

652.17

+14,091

6.4%

20,200

650.38

+5,484

4.9%

19,322

648.79

+18,242

4.7%

18,838

651.95

+3,141

4.6%

13,900

648.50

+7,258

3.4%

11,430

649.19

+9,400

2.8%

7,222

646.11

+7,222

1.8%

7,000

651.71

+6,447

1.7%

101

6,400

648.48

+4,290

1.6%

5,500

652.03

+5,470

1.3%

5,236

651.02

+498

1.3%

Sell Side

Total: 239,906

Broker

QTY

AVG

NET

67,324

648.40

-47,606

16.5%

30,720

652.98

-29,028

7.5%

23,623

651.05

-22,673

5.8%

13,315

647.28

-12,225

3.3%

12,850

651.42

-12,850

3.1%

12,400

646.63

-12,400

3.0%

12,126

650.51

-11,455

3.0%

10,956

651.88

-10,956

2.7%

9,731

655.65

-9,381

2.4%

8,822

651.63

-212

2.2%

8,546

649.68

-2,550

2.1%

8,330

646.29

-8,330

2.0%

7,253

653.26

-2,120

1.8%

7,000

652.84

-6,975

1.7%

6,910

647.58

-6,910

1.7%

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	402.7	+10.7	+2.73%	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	266.9	+0.69	+0.26%	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	358	0	0%	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	253	+1.41	+0.56%	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	671	+9.72	+1.47%	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	334.8	+0.8	+0.24%	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	326	-2.99	-0.91%	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	308.9	+1.9	+0.62%	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	492	+4.92	+1.01%	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	574.8	+15.82	+2.83%	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	433.4	+2.41	+0.56%	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	212.2	+0.19	+0.09%	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	447.5	-0.49	-0.11%	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	643	+8.88	+1.4%	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	278.5	+1.91	+0.69%	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	676	+1.08	+0.16%	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	514	+3.01	+0.59%	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	352	-2.52	-0.71%	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	267	+1.99	+0.75%	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	582.4	-4.58	-0.78%	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	554	-1	-0.18%	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	275	+1.99	+0.73%	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	299	-4.99	-1.64%	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	263	+1	+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	326.8	+0.81	+0.25%	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	253.7	-3.29	-1.28%	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	278.8	-0.39	-0.14%	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	489.3	-0.69	-0.14%	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	397.63	1.73	0.34%	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	343.4	0.91	0.26%	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	676	15.82	2.83%	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	212.2	-4.99	-1.64%	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