Mountain Energy Nepal Limited

HydroPowerHigh Cap

NPR 567.00

NPR +2+0.35%

09:14 AM NPT · Nov 6, 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

566.10

High

571.00

Low

565.00

Prev Close

565.00

Volume

50,914

Turnover

Rs 28,892,148.1

Txns

Valuation · Q4 FY25/26

EPS Ann.

25.52

EPS TTM

25.52

BVPS

150.78

P/E Ann.

22.22

P/E TTM

22.22

Graham #

294.24

Capital

Mkt Cap

20.96 Arab

Total

3.7 Crore

Public

3.7 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Sell

RSI

Buy

SuperTrend

Strong Sell

Trend Analysis

Direction

Downtrend

Strength

Strong

Momentum

RSI (14)

31.14

ADX

31.04

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

617.17

SMA 50

627.41

Bands & Channels

BB Width %

26.53%

Volume & Flow

OBV

8,412,617

Flow Analysis

[ Live 2026-11-06 ]

Total Buy

379,689

Shares Bought

Total Sell

379,689

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 49%

Distribution 51%

Accumulators

Quantity

106,571

Amount

60,649,434

Avg Rate

569.10

Rank

#18

Brokers

#20#14#101#40#17#60

Distributors

Quantity

112,319

Amount

63,857,398

Avg Rate

568.54

Rank

#19

Brokers

#45#59#16#50

Net Flow Impact:

-5,748units

(Rs. -3,207,964)

Net Flow by Timeframe

MEN — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 451,161 ]

Buy Side

Total: 211,720

Broker

QTY

AVG

NET

37,610

566.91

+37,610

9.9%

28,564

568.59

+460

7.5%

21,242

573.23

+19,108

5.6%

15,001

569.11

+10,385

4.0%

14,246

570.06

+2,471

3.8%

12,654

570.56

+6,831

3.3%

12,220

567.48

+9,016

3.2%

11,877

564.77

+718

3.1%

101

11,844

568.54

+10,844

3.1%

9,625

571.04

+4,705

2.5%

8,654

571.52

+8,654

2.3%

8,270

568.83

+7,270

2.2%

7,829

570.85

+1,933

2.1%

6,250

569.56

+4,750

1.6%

5,834

570.41

+3,408

1.5%

Sell Side

Total: 239,441

Broker

QTY

AVG

NET

41,104

567.46

-35,998

10.8%

33,067

568.18

-6,761

8.7%

31,560

567.63

-27,455

8.3%

21,303

569.87

-20,406

5.6%

18,352

570.95

-16,792

4.8%

16,000

574.22

-14,000

4.2%

14,600

562.14

-12,449

3.9%

11,700

568.34

-6,700

3.1%

11,155

566.93

-8,937

2.9%

10,209

568.90

-2,462

2.7%

10,132

569.79

-9,572

2.7%

5,788

570.15

-3,168

1.5%

5,098

568.82

-3,543

1.3%

4,868

569.76

-844

1.3%

4,505

572.90

-2,383

1.2%

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	380	+3.99	+1.06%	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	257.8	+1.1	+0.43%	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	343.9	-2.11	-0.61%	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	256.2	-2.69	-1.04%	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	564.9	+6.92	+1.24%	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	333.7	+0.7	+0.21%	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	322.2	-1.81	-0.56%	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	295	-2.5	-0.84%	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	503	-4.01	-0.79%	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	546	0	0%	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	431.8	+1.81	+0.42%	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	225	-0.5	-0.22%	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	429	+8.21	+1.95%	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	545	-8.97	-1.62%	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	274	+2.01	+0.74%	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	694	-12	-1.7%	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	458.1	-2.9	-0.63%	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	338	+0.2	+0.06%	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	257	-2.91	-1.12%	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	438	+13.5	+3.18%	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	508	+2.02	+0.4%	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	269	-4.01	-1.47%	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	308.9	-1.08	-0.35%	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	273.8	+1.8	+0.66%	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	325	0	0%	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	323	-1	-0.31%	0.01	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	263	+1.7	+0.65%	0	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	559	+3	+0.54%	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	382.94	0.02	0.01%	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	335.85	0	0%	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	694	13.5	3.18%	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	225	-12	-1.7%	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