Mountain Energy Nepal Limited

HydroPowerHigh Cap

NPR 579.00

NPR -1.4-0.24%

09:14 AM NPT · Jun 26, 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

586.00

High

586.00

Low

578.00

Prev Close

580.40

Volume

31,724

Turnover

Rs 18,415,951.6

Txns

Valuation · Q3 FY25/26

EPS Ann.

22.52

EPS TTM

22.14

BVPS

142.24

P/E Ann.

25.71

P/E TTM

26.15

Graham #

268.46

Capital

Mkt Cap

15.07 Arab

Total

2.6 Crore

Public

2.6 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Sell

RSI

Strong Buy

SuperTrend

Strong Sell

Trend Analysis

Direction

Uptrend

Strength

Strong

Momentum

RSI (14)

17.57

ADX

29.44

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

596.12

SMA 50

597.31

Bands & Channels

BB Width %

6.89%

Volume & Flow

OBV

7,229,140

Flow Analysis

[ Live 2026-06-26 ]

Total Buy

188,721

Shares Bought

Total Sell

188,721

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 56%

Distribution 44%

Accumulators

Quantity

60,529

Amount

35,460,987

Avg Rate

585.85

Rank

#19

Brokers

#58#42#39#4#49

Distributors

Quantity

47,997

Amount

28,043,645

Avg Rate

584.28

Rank

#21

Brokers

#17#8#32

Net Flow Impact:

+12,532units

(Rs. 7,417,343)

Net Flow by Timeframe

MEN — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 238,909 ]

Buy Side

Total: 108,626

Broker

QTY

AVG

NET

20,796

584.38

+15,947

11.0%

13,071

587.71

+3,701

6.9%

12,641

587.47

+5,539

6.7%

9,902

583.28

+7,605

5.3%

9,895

587.06

+6,590

5.2%

7,295

589.09

+7,078

3.9%

5,582

584.22

+5,303

3.0%

4,940

588.29

+4,840

2.6%

4,711

583.94

+3,976

2.5%

4,030

585.99

+620

2.1%

3,961

584.46

+2,618

2.1%

3,760

581.33

+3,600

2.0%

3,050

581.68

+2,795

1.6%

2,500

583.46

+2,500

1.3%

2,492

585.34

+1,992

1.3%

Sell Side

Total: 130,283

Broker

QTY

AVG

NET

24,190

581.45

-17,386

12.8%

22,394

586.29

-7,724

11.9%

12,947

581.34

-6,163

6.9%

12,440

585.43

-12,060

6.6%

11,367

589.03

-10,427

6.0%

5,792

580.65

-5,220

3.1%

5,775

584.96

-392

3.1%

5,246

580.77

-5,246

2.8%

5,000

582.87

-4,885

2.6%

5,000

582.21

-3,745

2.6%

4,666

590.21

-1,523

2.5%

4,326

588.30

-2,030

2.3%

4,220

587.18

-3,748

2.2%

3,532

586.05

-2,294

1.9%

3,388

582.96

-379

1.8%

Financial Fundamentals

Financial Metric	FY25/26 Q3	FY24/25 Q3	FY23/24 Q3	FY22/23 Q3	Growth %
Sources of Fund
Equity
Paid up Capital	3,123,259	2,602,716	2,263,231	0	+20.00%
Reserves and Surplus	1,319,225	1,193,926	1,170,438	0	+10.49%
Other Equity	0.00	0.00	0.00	0	-
Total Equity	4,442,483	3,796,642	3,433,669	0	+17.01%
Non Current Liabilities
Financial Liabilities	2,326,012	2,775,852	3,177,377	0	-16.21%
Other Non Current Liabilities	44,307	37,389	0	0	+18.50%
Total Non Current Liabilities	2,370,319	2,813,242	3,177,377	0	-15.74%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	23,218	27,065	28,086	0	-14.22%
Capital Work In Progress	76,876	90,457	76,350	0	-15.01%
Intangible Assets	5,331,683	5,577,697	5,850,265	0	-4.41%
Financial Assets (Investments)	469,348	0	0	0	-
Other Non Current Assets	0.00	0.00	2782.86	0	-
Total Non Current Assets	5,901,125	5,695,219	5,957,484	0	+3.62%
Current Assets
Receivables	999,445	955,808	744,778	0	+4.57%
Inventories	0.00	0.00	0.00	0	-
Cash and Cash Equivalent	353,012	348,137	275,516	0	+1.40%
Financial Assets	10,925	30,764	25,661	0	-64.49%
Other Current Assets	153,652	42,172	35,246	0	+264.34%
Total Current Assets (A)	1,517,035	1,376,882	1,081,202	0	+10.18%
Current Liabilities
Financial Liabilities	2,326,012	2,775,852	3,177,377	0	-16.21%
Payables	93,805	57,764	70,852	0	+62.39%
Other Current Liabilities	0.00	0.00	0.00	0	-
Total Current Liabilities (B)	605,356	462,217	427,639	0	+30.97%
Net Current Assets (A-B)	911,678	914,664	653,563	0	-0.33%

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)	P/E (TTM)	P/S	Quick Ratio	ROA (Annualized)	ROA (TTM)%	ROCE	ROE (Annualized)	ROE (TTM)%	Tax Burden
AHL	468.6	-1.41	-0.3%	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	264.3	-0.8	-0.3%	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	362.6	-4.11	-1.12%	0.01	0.09	92.42	2.95	0.38	2.56	2.28	68.86	47.65	22.22	5.79	156.88	181.14	62.12	2.95	1.96	1.75%	7.44	2.8	2.5%	100
AKPL	256.8	-1.11	-0.43%	0.01	0.1	103.42	0.87	0.85	4.92	7.23	129.71	55.12	28.85	3.58	56.5	36.93	28.98	0.87	2.8	4.12%	9.41	4.92	7.24%	97.9
APHL	875	-25.02	-2.78%	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
API	336.9	+0.91	+0.27%	0.02	0.12	115.32	0.26	1.19	13.76	11.48	172.59	29.36	50.48	4.03	25.31	30.31	22.7	0.26	5.89	4.91%	13.73	12.51	10.44%	85.97
APPOLO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BARUN	325	-4.01	-1.22%	0	0.08	107.72	12.05	0.23	2.01	2.96	84.7	45.66	22.49	4.58	184.03	114.86	73.5	12.05	1.85	2.73%	5.24	2.48	3.66%	100
BEDC	342.5	-4.41	-1.27%	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	598.9	+18.91	+3.26%	0	0.19	112.67	13.69	0.29	11.16	11.9	173.69	9.23	43.93	8.91	67.47	55.13	52.7	13.69	8.15	8.69%	12.92	10.39	11.08%	88.19
BHCL	558.7	+6.68	+1.21%	0.01	0.15	109.64	5.1	0.29	10.43	11.11	165.55	17.6	51.48	6.77	53.4	53.47	48.86	5.1	7.92	8.44%	12.45	13	13.85%	97.02
BHDC	444	-3.99	-0.89%	0.01	0.16	117.43	2.91	1.09	13.22	9.42	157.76	46.51	33.32	5.55	36.97	49.15	21.89	2.91	5.39	3.84%	13.43	11.89	8.46%	99.99
BHL	210.2	-0.8	-0.38%	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	505.5	-3	-0.59%	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	825	-14.01	-1.67%	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	315.1	-2.99	-0.94%	0	0.15	84.3	0.6	2.94	7.78	0.05	9.74	101.79	15.94	5.58	45.37	6,676	12.86	0.6	2.31	0.01%	13.59	9.29	0.05%	100
BPCL	654.9	+4.88	+0.75%	0.02	0.11	210.33	6.81	0.09	11.71	9.24	209.11	3.43	48.06	4.53	61.05	73.58	52.17	6.45	5.05	3.99%	6.51	5.6	4.42%	81.76
BUNGAL	662	+4.01	+0.61%	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	477	-1.29	-0.27%	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	265	-2	-0.75%	0	0.14	85.09	2.22	1.03	3.25	1.21	48.13	85.57	13.54	4.69	92	240.5	22.12	2.17	1.89	0.7%	10.45	5.8	2.16%	100.94
CKHL	620	-5	-0.8%	0	0.11	90.17	0.42	2.23	4.3	0.65	36.31	75.54	12.75	10.56	166.05	1,023.08	37.64	0.42	1.44	0.21%	10.27	4.63	0.69%	100
DHEL	595	+3.02	+0.51%	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	285	+1.7	+0.6%	0	0.13	5.06	0.15	55.11	2.92	1.06	10.99	100.65	7.86	82.71	107.5	284.91	15.02	0.15	1	0.36%	13.76	60.96	22.15%	100
DOLTI	346	-4.91	-1.4%	0	0.1	58.54	0.94	2.25	0.83	-2.27	-	118.77	4.27	10.91	577.11	-154.19	43.89	0.94	0.43	-1.18%	9.4	1.39	-3.79%	100
DORDI	248	-3.01	-1.2%	0.01	0.08	105.5	5.6	0.68	0.83	-0.88	-	71.37	6.37	3.72	354.22	-311.14	40.16	5.44	0.51	-0.53%	6.24	1.12	-1.19%	101.05
EHPL	381.7	-1.3	-0.34%	0	0.14	77.73	2.59	1.27	6.42	4.37	87.42	54.08	25.2	7.24	65.73	88.76	29.44	2.59	3.61	2.45%	13.16	8.48	5.77%	97.99
GHL	222	-1.79	-0.8%	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	252.6	+0.6	+0.24%	0	0.09	111.36	0.02	4.66	2.18	2.61	80.87	0.39	4.09	3.36	128.9	101.53	9.38	0.02	0.36	0.43%	0.36	1.97	2.37%	100
GVL	477.6	-0.38	-0.08%	0.02	0.16	125.77	1.95	1.5	19.18	14.85	204.99	58.62	38.15	5.3	26.07	33	17.69	1.64	5.97	4.63%	10.15	16.12	12.49%	100

AVG	434.85	-1.59	-0.36%	0.01	0.108	95.93	7.4	3.43	3.94	3.46	110.41	88.95	14.09	9.903	-144.37	357.222	46.959	7.34	2.17	2.05%	8.58	5.84	3.7%	94.96
MED	372.15	-1.36	-0.41%	0	0.1	95.07	2.55	1.19	3.25	2.79	106.31	61.91	15.94	5.58	56.5	53.47	43.89	2.53	1.89	1.85%	7.73	4.63	4.04%	100
MAX	875	18.91	3.26%	0.05	0.19	210.33	48.25	55.11	19.18	14.85	209.11	297.83	58.34	82.71	577.11	6,676	133.23	48.25	8.15	8.69%	13.76	60.96	22.15%	101.05
MIN	210.2	-25.02	-2.78%	0	0.04	5.06	0.02	0.04	-19.31	-13.75	9.74	0.39	-94.75	3.36	-3,866.67	-311.14	9.38	0.02	-5.08	-3.62%	0.36	-24.52	-17.46%	72.57