Mountain Hydro Nepal Limited

HydroPowerMid Cap

NPR 252.00

NPR -4.9-1.91%

09:10 AM NPT · Sep 24, 2026

Est. 2062-03-28 B.S. (Later converted to Public Company) · Panchthar District, Nepal (Project Site: Lower Hewa Khola) · CEO: Satish Timalsina (Managing Director)

Mountain Hydro Nepal Limited is a Nepalese hydropower company established with the aim of developing and operating hydroelectric projects in Nepal. MHNL holds a license for a 22.1 MW hydropower project on the Lower Hewa River in Panchthar District. The project, known as the Lower Hewa Hydropower Project, is designed as a run-of-river (RoR) plant, feeding electricity into Nepal’s national grid under long-term power-purchase agreements, contributing to the country’s renewable energy capacity. MHNL started as a private company (registered on 2062/03/28 B.S.) and was later converted into a public limited company, enabling public shareholding and raising capital from investors. The paid-up capital for MHNL is NPR 1,250,000,000 (i.e. 12.5 million shares with face value NPR 100 each). As a listed company under the ticker MHNL on the Nepal Stock Exchange (NEPSE), the company provides investors exposure to hydropower infrastructure and operations in Nepal’s energy sector. Over the years, MHNL has made progress on its hydropower project infrastructure: access roads have been built to the project site near Phidim, transmission line arrangements for power evacuation have been completed (11 kV for construction-phase and 132 kV for final transmission) and the technical design and construction supervision have been entrusted to experienced consultants. Despite sector-typical risks such as hydrology variation and project-finance challenges, MHNL remains positioned as a mid-sized independent power producer (IPP) aiming for long-term operation and contribution to Nepal’s clean energy goals. As of recent public data (2025), the company’s listed shares are 12,500,000 units, with market price and valuation fluctuating depending on investor sentiment, overall energy sector dynamics, and project progress status.

Trading

Open

253.40

High

263.00

Low

250.10

Prev Close

256.90

Volume

19,609

Turnover

Rs 4,985,604.5

Txns

63

Valuation · Q4 FY25/26

EPS Ann.

12.78

EPS TTM

12.78

BVPS

70.11

P/E Ann.

19.72

P/E TTM

19.72

Graham #

141.99

Capital

Mkt Cap

3.15 Arab

Total

1.25 Crore

Public

1.25 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Sell

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Strong

Momentum

RSI (14)

63.85

ADX

33.38

Overall Score

75
Above Line

Technical Score

Moving Averages

SMA 20

247.01

SMA 50

243.54

Bands & Channels

BB Width %

18.57%

Volume & Flow

OBV

3,608,047

Flow Analysis

[ Live 2026-09-24 ]

Total Buy

89,507

Shares Bought

Total Sell

89,507

Shares Sold

Net Flow

0

Net Accumulation

Active Brokers

63

Participating

ACCUM/DIST

Accumulation 49%

Distribution 51%

Accumulators

4

Quantity

23,893

Amount

6,204,004

Avg Rate

259.66

Rank

#78

Brokers

#54#53#42#88

Distributors

3

Quantity

25,007

Amount

6,396,868

Avg Rate

255.80

Rank

#79

Brokers

#46#58#51

Net Flow Impact:

-1,114units
(Rs. -192,864)

Net Flow by Timeframe

MHNL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 118,739 ]

Buy Side

Total: 54,113

Broker

QTY

AVG

NET

%

54

8,110

258.24

+8,110

9.1%

42

6,926

258.69

+3,241

7.7%

53

6,100

266.10

+4,200

6.8%

14

4,710

252.91

+1,886

5.3%

57

4,093

258.83

+2,526

4.6%

65

3,000

254.97

+1,942

3.4%

88

2,757

252.00

+2,757

3.1%

59

2,750

262.92

+985

3.1%

36

2,628

262.79

+1,423

2.9%

13

2,473

255.98

+1,671

2.8%

48

2,420

261.59

+1,420

2.7%

38

2,381

258.90

+2,135

2.7%

41

2,100

264.76

+1,470

2.4%

67

2,000

256.00

+2,000

2.2%

5

1,665

264.30

+365

1.9%

Sell Side

Total: 64,626

Broker

QTY

AVG

NET

%

58

9,138

254.89

-7,893

10.2%

49

9,130

264.90

-4,145

10.2%

46

8,920

253.55

-8,920

10.0%

34

8,747

255.98

-6,020

9.8%

21

8,000

260.72

-6,000

8.9%

51

6,949

259.89

-6,349

7.8%

39

2,410

261.09

-1,210

2.7%

11

1,889

253.00

-1,389

2.1%

19

1,784

260.33

-1,584

2.0%

63

1,500

265.00

-500

1.7%

99

1,500

267.00

-1,500

1.7%

3

1,360

258.84

-1,360

1.5%

4

1,269

264.09

-245

1.4%

40

1,030

256.97

-1,030

1.1%

96

1,000

267.00

-900

1.1%

Financial Fundamentals

Financial MetricFY25/26 Q4FY24/25 Q4FY23/24 Q4FY22/23 Q4Growth %
Sources of Fund
Equity
Paid up Capital1,250,0001,250,0001,250,00000.00%
Reserves and Surplus-373,618-952,558-536,4930+60.78%
Other Equity0.000.000.000-
Total Equity876,382297,442713,5070+194.64%
Non Current Liabilities
Financial Liabilities2,480,9922,578,7552,735,9610-3.79%
Other Non Current Liabilities0.000.000.000-
Total Non Current Liabilities2,480,9922,578,7552,735,9610-3.79%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)11,15712,77714,6460-12.68%
Capital Work In Progress0.000.000.000-
Intangible Assets3,736,2223,165,0713,649,6790+18.05%
Financial Assets (Investments)50,02550,02550,00000.00%
Other Non Current Assets0.000.000.000-
Total Non Current Assets3,797,4043,227,8733,714,3240+17.64%
Current Assets
Receivables133,32994,34792,2340+41.32%
Inventories0.000.000.000-
Cash and Cash Equivalent1,4403913,2330+268.02%
Financial Assets5,2912,30123,4100+129.98%
Other Current Assets15,48568,15575,5150-77.28%
Total Current Assets (A)155,546165,193194,3920-5.84%
Current Liabilities
Financial Liabilities2,480,9922,578,7552,735,9610-3.79%
Payables245,15775,12985,8360+226.31%
Other Current Liabilities115,574120,085112,0130-3.76%
Total Current Liabilities (B)595,576516,870459,2480+15.23%
Net Current Assets (A-B)-440,030-351,676-264,8560-25.12%

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

402.7+10.7+2.73%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

266.9+0.69+0.26%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

35800%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

253+1.41+0.56%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

671+9.72+1.47%00.04102.410.512.26-4.12----28.498-198.79--56.640.48-1.23--0.11-4.02--

API

334.8+0.8+0.24%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

326-2.99-0.91%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

308.9+1.9+0.62%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

492+4.92+1.01%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

574.8+15.82+2.83%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

433.4+2.41+0.56%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

212.2+0.19+0.09%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

447.5-0.49-0.11%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

643+8.88+1.4%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

278.5+1.91+0.69%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

676+1.08+0.16%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

514+3.01+0.59%00.0981.420.213.4-3.84----11.287.18-152.34--17.190.21-1.07-4.34-4.71--

CHCL

352-2.52-0.71%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

267+1.99+0.75%00.1384.292.081.031.721.7257.1192.027.563.04148.841.37155.8111.252.0311%9.263.123.12%101.74

CKHL

582.4-4.58-0.78%00.11100.190.831.9613.2513.25172.8377.740.336.3748.150.0444.9819.420.834.444.44%9.7313.8513.85%100

DHEL

554-1-0.18%0.010.04118.140.451.37-9.88----89.334.57-54.67--48.830.45-3.52-2.24-8.36--

DHPL

275+1.99+0.73%00.148.380.2333.095.515.5132.2384.5313.9332.8249.910.1250.736.950.231.891.89%14.8493.6393.63%100

DOLTI

299-4.99-1.64%00.159.871.112.20.870.8734.23125.134.655.31365.43.06355.1717.081.110.450.45%9.331.481.48%100

DORDI

263+1+0.38%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

326.8+0.81+0.25%00.1376.32.471.283.393.3976.2969.8214.324.396.840.8398.8213.862.471.931.93%11.584.544.54%98

GHL

253.7-3.29-1.28%00.0695.054.740.45-1.33-1.33-154.32-15.982.26-161.65--182.9325.94.74-0.94-0.94%3.92-1.38-1.38%-

GLH

278.8-0.39-0.14%0.010.1112.050.034.812.332.3376.640.323.682.17104.29-117.383.840.030.370.37%0.392.092.09%100

GVL

489.3-0.69-0.14%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
AVG397.631.730.34%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
MED343.40.910.26%00.1101.181.961.172.213.2986.8269.8213.463.84549.031.06552.0620.4251.921.441.92%7.382.833.3%97.25
MAX67615.822.83%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
MIN212.2-4.99-1.64%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