Mandakini Hydropower Limited

HydroPowerLow Cap

NPR 510.00

NPR +1+0.20%

09:14 AM NPT · Nov 6, 2026

Est. 2067 B.S. (Later converted into a Public Limited Company; owner and operator of Sardi Khola Hydropower Project) · Naxal, Kathmandu, Nepal

Mandakini Hydropower Limited is a Nepali hydropower company that owns and operates the 4 MW Sardi Khola Hydropower Station in Kaski district, generating electricity under a run-of-river design which feeds into the national grid. The company is publicly listed under the ticker “MHL” on the Nepal Stock Exchange. Over the years, MHL has positioned itself as a small but steady producer contributing to Nepal’s renewable energy supply, aiming for reliability despite the inherent risks of hydrological variability that come with run-of-river plants. According to its latest financial disclosure, MHL posted a net profit of NPR 24.36 million in the first quarter of fiscal year 2082/83, indicating operational viability and ongoing revenues from power generation and sales. The company also proposed a dividend for fiscal year 2080/81 offering a 5% bonus share plus a 0.2632% cash dividend, reflecting commitment to shareholder returns (subject to regulatory approval). MHL has recently announced a plan to issue right shares (in 2025) to raise additional capital, which suggests expansion ambitions, possibly targeting new hydropower projects such as the proposed 2.9 MW Upper Sardi Khola Hydropower Project. Given its small scale and location, MHL combines modest generation capacity with a focus on sustainable hydropower generation offering investors exposure to clean energy with moderate scale but stable returns, provided river-flow and regulatory conditions remain favorable.

Trading

Open

500.00

High

511.00

Low

496.50

Prev Close

509.00

Volume

15,103

Turnover

Rs 7,616,237.3

Txns

0

Valuation · Q4 FY25/26

EPS Ann.

8.76

EPS TTM

8.76

BVPS

115.85

P/E Ann.

58.22

P/E TTM

58.22

Graham #

151.11

Capital

Mkt Cap

3.0 Arab

Total

58.84 Lakh

Public

58.84 Lakh

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Strong Sell

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Very Strong

Momentum

RSI (14)

71.97

ADX

40.99

Overall Score

84
Above Line

Technical Score

Moving Averages

SMA 20

467.84

SMA 50

460.99

Bands & Channels

BB Width %

21.61%

Volume & Flow

OBV

887,772

Flow Analysis

[ Live 2026-11-06 ]

Total Buy

192,667

Shares Bought

Total Sell

192,667

Shares Sold

Net Flow

0

Net Accumulation

Active Brokers

71

Participating

ACCUM/DIST

Accumulation 58%

Distribution 42%

Accumulators

3

Quantity

108,606

Amount

54,256,446

Avg Rate

499.57

Rank

#21

Brokers

#48#25#94

Distributors

5

Quantity

79,304

Amount

39,387,843

Avg Rate

496.67

Rank

#23

Brokers

#58#57#49#42#38

Net Flow Impact:

+29,302units
(Rs. 14,868,603)

Net Flow by Timeframe

MHL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 270,494 ]

Buy Side

Total: 148,227

Broker

QTY

AVG

NET

%

48

86,615

499.56

+60,558

45.0%

25

16,796

501.43

+16,796

8.7%

32

13,049

500.45

+4,681

6.8%

6

5,685

501.05

+4,237

3.0%

94

5,195

493.68

+5,075

2.7%

59

3,481

490.33

+1,008

1.8%

69

3,201

501.69

+3,201

1.7%

62

2,675

497.11

+2,655

1.4%

75

2,500

497.17

+440

1.3%

74

2,230

500.67

+430

1.2%

67

2,000

484.95

+394

1.0%

54

1,809

495.90

+1,005

0.9%

63

1,001

502.55

+761

0.5%

88

1,000

502.37

+770

0.5%

90

990

505.54

+990

0.5%

Sell Side

Total: 122,267

Broker

QTY

AVG

NET

%

58

45,082

495.88

-36,687

23.4%

57

11,135

497.98

-10,145

5.8%

42

9,164

497.30

-6,154

4.8%

49

8,236

499.02

-6,991

4.3%

45

7,516

501.57

-687

3.9%

26

5,986

513.95

-3,055

3.1%

38

5,687

495.91

-5,677

3.0%

29

5,510

500.93

-5,310

2.9%

53

4,425

502.06

-3,925

2.3%

35

4,100

503.60

-1,430

2.1%

13

3,961

496.10

-2,931

2.1%

14

3,280

497.91

-1,452

1.7%

34

3,003

501.62

-2,441

1.6%

7

2,927

492.33

-2,232

1.5%

8

2,255

492.28

-1,755

1.2%

Financial Fundamentals

Financial MetricFY25/26 Q4FY24/25 Q4FY23/24 Q4FY22/23 Q4Growth %
Sources of Fund
Equity
Paid up Capital646,767646,767615,96900.00%
Reserves and Surplus0.000.000.000-
Other Equity102,49546,13438,9340+122.17%
Total Equity749,262692,901654,9030+8.13%
Non Current Liabilities
Financial Liabilities368,804232,894281,2440+58.36%
Other Non Current Liabilities3,5422,58300+37.14%
Total Non Current Liabilities372,347235,477281,2440+58.12%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)9,4739,5366,8690-0.66%
Capital Work In Progress0.00128333.6975125.660-100.00%
Intangible Assets1,019,268708,767731,7110+43.81%
Financial Assets (Investments)29,00060,42500-52.01%
Other Non Current Assets0.000.000.000-
Total Non Current Assets1,057,741907,062813,7050+16.61%
Current Assets
Receivables0.000.000.000-
Inventories778.98304.44309.740+155.87%
Cash and Cash Equivalent34,09312,10357,8630+181.70%
Financial Assets5,3663,76741,8980+42.46%
Other Current Assets52,09729,33027,0430+77.62%
Total Current Assets (A)92,33545,504127,1130+102.92%
Current Liabilities
Financial Liabilities368,804232,894281,2440+58.36%
Payables0.000.000.000-
Other Current Liabilities1,4903,1362,7500-52.49%
Total Current Liabilities (B)28,46724,1884,6710+17.69%
Net Current Assets (A-B)63,86721,316122,4420+199.62%

Sector Peers — HydroPower (30)

Peer Comparison

HydroPower SECTOR — NEPAL

2025/2026 Q4

NPR/Millions

Statement

Highlight

TICKERMarket
Key Ratios
PriceChgChg%Mkt Cap (M)Asset TurnoverBook Value Per ShareCurrent RatioDebt to EquityEPS (Annualized)EPS (TTM)Graham's NumberInterest CoverageNet Profit MarginP/BP/E (Annualized)PEGP/E (TTM)P/SQuick RatioROA (Annualized)ROA (TTM)%ROCEROE (Annualized)ROE (TTM)%Tax Burden

AHL

380+3.99+1.06%00.0668.430.284.81-17.41-17.41---72.656.05-23.78--22.6917.280.28-4.43-4.43%0.3-22.42-22.42%-

AHPC

257.8+1.1+0.43%0.010.06109.7147.90.073.413.4191.758.4948.032.3976.86-79.0336.9247.92.912.91%5.93.153.15%87.4

AKJCL

343.9-2.11-0.61%0.010.0993.693.150.373.183.1881.8845.6128.353.6105.972.05112.8930.063.122.452.45%7.63.453.45%100

AKPL

256.2-2.69-1.04%0.010.06101.770.70.851.021.0248.3379.0712.992.45244.12-253.8231.640.70.750.75%3.931.341.34%109.6

APHL

564.9+6.92+1.24%00.04102.410.512.26-4.12----28.498-198.79--56.640.48-1.23--0.11-4.02--

API

333.7+0.7+0.21%0.020.12119.510.411.0515.0615.06201.2438.454.372.6821.290.222.3111.580.416.486.48%11.2513.3613.36%85.19

APPOLO

-------------------------

BARUN

322.2-1.81-0.56%00.09108.196.740.232.082.0871.1640.7221.392.96153.8-161.0632.886.741.911.91%5.632.542.54%85.88

BEDC

295-2.5-0.84%00.0746.284.952.24-1.7-1.7-218.78-14.776.66-181.18--182.9426.834.95-1.1-1.1%6.83-3.59-3.59%-

BENI

-------------------------

BGWT

503-4.01-0.79%00.16113.36.450.289.019.01151.5510.8339.644.8260.6-53.3924.036.456.536.53%11.288.228.22%88.19

BHCL

54600%0.010.15112.532.140.1610.8110.81165.4415.9651.47441.630.3450.3221.432.147.517.51%13.610.0810.08%96.98

BHDC

431.8+1.81+0.42%0.010.15118.322.691.2811.7911.79177.1649.4330.693.5835.880.3136.9411.012.694.64.6%12.410.5910.59%97.41

BHL

225-0.5-0.22%0.010.1381.221.81.967.727.72118.7862.3524.482.5126.420.1628.156.471.723.233.23%12.259.919.91%83.13

BHPL

429+8.21+1.95%00.0850.031.141.86-0.3-0.3-133.02-2.639.16-1,527.67--1,566.6740.591.04-0.2-0.2%8.83-0.57-0.57%-

BJHL

545-8.97-1.62%0.010.0988.952.571.05-2.6--233.82-15.287.66-261.92--40.042.57-1.42-6.85-2.92--

BNHC

274+2.01+0.74%00.13100.597.620.971.491.4958.07111.026.462.76186.581.49188.8612.027.620.80.8%9.682.142.14%97.01

BPCL

694-12-1.7%0.020.1210.877.050.099.849.84216.073.1941.843.1767.891.4670.9328.416.524.184.18%5.364.694.69%80.94

BUNGAL

458.1-2.9-0.63%00.0981.420.213.4-3.84----11.287.18-152.34--17.190.21-1.07-4.34-4.71--

CHCL

338+0.2+0.06%0.030.1123.925.950.047.597.59145.46-61.663.8362.6-48.7138.5924.625.985.98%7.156.26.2%78.75

CHL

257-2.91-1.12%00.1384.292.081.031.721.7257.1192.027.563.04148.841.37155.8111.252.0311%9.263.123.12%101.74

CKHL

438+13.5+3.18%00.11100.190.831.9613.2513.25172.8377.740.336.3748.150.0444.9819.420.834.444.44%9.7313.8513.85%100

DHEL

508+2.02+0.4%0.010.04118.140.451.37-9.88----89.334.57-54.67--48.830.45-3.52-2.24-8.36--

DHPL

269-4.01-1.47%00.148.380.2333.095.515.5132.2384.5313.9332.8249.910.1250.736.950.231.891.89%14.8493.6393.63%100

DOLTI

308.9-1.08-0.35%00.159.871.112.20.870.8734.23125.134.655.31365.43.06355.1717.081.110.450.45%9.331.481.48%100

DORDI

273.8+1.8+0.66%0.010.07106.31.830.911.421.4258.2857.1510.912.32173.941.3185.1418.971.810.760.76%5.941.351.35%106.79

EHPL

32500%00.1376.32.471.283.393.3976.2969.8214.324.396.840.8398.8213.862.471.931.93%11.584.544.54%98

GHL

323-1-0.31%0.010.0695.054.740.45-1.33-1.33-154.32-15.982.26-161.65--182.9325.94.74-0.94-0.94%3.92-1.38-1.38%-

GLH

263+1.7+0.65%00.1112.050.034.812.332.3376.640.323.682.17104.29-117.383.840.030.370.37%0.392.092.09%100

GVL

559+3+0.54%0.020.14124.331.41.5212.9412.94190.2682.629.873.8637.092.7138.2511.091.244.074.07%8.2910.9410.94%97.08
AVG382.940.020.01%0.010.1974.912.562.974.32111.2478.0110.585.374-16.211.1038.22823.64.831.732.32%7.455.677.45%94.7
MED335.8500%00.1101.181.961.172.213.2986.8269.8213.463.84549.031.06552.0620.4251.921.441.92%7.382.833.3%97.25
MAX69413.53.18%0.030.16210.8747.933.0915.0615.06216.07233.8261.6632.82365.43.06355.1756.6447.97.517.51%14.8493.6393.63%109.6
MIN225-12-1.7%00.048.380.030.04-17.41-17.4132.230.32-89.332.17-1,527.670.04-1,566.673.840.03-4.43-4.43%-0.11-22.42-22.42%78.75

30

securities loaded

Best in class

Laggard

AVG

Average

MED

Median

MAX

Maximum

MIN

Minimum