Mai Khola Hydropower Limited

HydroPowerLow Cap

NPR 493.10

NPR -3.7-0.74%

09:11 AM NPT · Aug 11, 2026

Est. 2073 B.S. (Established as a hydropower company, later listed on NEPSE) · Head Office: Kathmandu, Nepal (Project Site: Ilam District)

Mai Khola Hydropower Limited is a hydropower company in Nepal, active in developing and operating hydroelectric projects. The company was established in 2073 B.S. (registered 1 August 2016) as a private company, with the aim to harness water resources for energy generation.Later it was listed publicly on the Nepal Stock Exchange (NEPSE) under the symbol “MKHL.” MKHL’s core business is developing run-of-river hydropower projects.Their ongoing / planned project includes the Super Mai Cascade Hydropower Project (3 MW), which is planned to utilize tail water from existing Mai-river hydropower developments, aiming to generate about 18.30 GWh annually. Financially, MKHL is a small-to-medium sized listed hydropower company. Its paid-up capital is NPR 392,156,800 (face value NPR 100, 3,921,568 shares listed) per public filings. As of recent trading, its share price has fluctuated 52-week high of ~NPR 1,027 and low of ~NPR 587. Because MKHL is in the hydropower sector, its performance tends to be influenced by hydrology (water flow), rainfall, river discharge, and grid-connection factors — common challenges for run-of-river hydro plants in Nepal. The company’s success depends on efficient project execution, proper maintenance, and favorable hydrological conditions.Overall, MKHL represents one of Nepal’s smaller but formally listed hydropower firms, with a mission to contribute to the country’s renewable energy generation, while giving investors exposure through NEPSE.

www.maikholahydropower.com.np/

Trading

Open

472.00

High

495.00

Low

472.00

Prev Close

496.80

Volume

964

Turnover

Rs 473,935

Txns

Valuation · Q3 FY25/26

EPS Ann.

3.92

EPS TTM

3.00

BVPS

103.90

P/E Ann.

125.79

P/E TTM

164.37

Graham #

95.73

Capital

Mkt Cap

1.93 Arab

Total

39.22 Lakh

Public

15.29 Lakh

Promoter

23.92 Lakh

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Sell

RSI

Buy

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Very Strong

Momentum

RSI (14)

30.47

ADX

45.04

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

506.06

SMA 50

498.8

Bands & Channels

BB Width %

10.93%

Volume & Flow

OBV

1,966,476

Flow Analysis

[ Live 2026-08-11 ]

Total Buy

14,259

Shares Bought

Total Sell

14,259

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 54%

Distribution 46%

Accumulators

Quantity

5,030

Amount

2,498,267

Avg Rate

496.67

Rank

#94

Brokers

#84#21

Distributors

Quantity

4,285

Amount

2,116,585

Avg Rate

493.95

Rank

#101

Brokers

#13#39#58#68

Net Flow Impact:

+745units

(Rs. 381,682)

Net Flow by Timeframe

MKHL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 21,342 ]

Buy Side

Total: 13,002

Broker

QTY

AVG

NET

4,080

495.76

+2,850

28.6%

3,725

496.30

+585

26.1%

950

500.60

+950

6.7%

634

490.91

+624

4.5%

613

492.77

+483

4.3%

550

491.73

+540

3.9%

550

491.60

+550

3.9%

520

495.29

+500

3.6%

450

485.10

+450

3.2%

350

482.75

+10

2.5%

160

497.85

+40

1.1%

120

496.00

+120

0.8%

100

493.60

0.7%

100

493.10

+51

0.7%

100

495.00

+100

0.7%

Sell Side

Total: 8,340

Broker

QTY

AVG

NET

1,520

490.94

-1,510

10.7%

1,270

494.96

-1,270

8.9%

915

495.61

-795

6.4%

590

482.73

-540

4.1%

580

497.03

-580

4.1%

523

492.33

-123

3.7%

480

496.96

-480

3.4%

465

492.03

-465

3.3%

460

488.80

-460

3.2%

450

496.58

-352

3.2%

320

495.53

-210

2.2%

220

489.94

-160

1.5%

218

495.11

-218

1.5%

189

494.25

-189

1.3%

140

491.52

-80

1.0%

Financial Fundamentals

Financial Metric	FY25/26 Q3	FY24/25 Q3	FY23/24 Q3	FY22/23 Q3	Growth %
Sources of Fund
Equity
Paid up Capital	392,157	392,157	392,157	0	0.00%
Reserves and Surplus	15,313	6,841	6,841	0	+123.83%
Other Equity	0.00	0.00	0.00	0	-
Total Equity	407,469	398,998	398,998	0	+2.12%
Non Current Liabilities
Financial Liabilities	277,114	308,742	308,742	0	-10.24%
Other Non Current Liabilities	4,372	75	75	0	+5710.31%
Total Non Current Liabilities	281,487	308,818	308,818	0	-8.85%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	477,263	532,133	532,133	0	-10.31%
Capital Work In Progress	0.00	0.00	0.00	0	-
Intangible Assets	0.00	0.00	0.00	0	-
Financial Assets (Investments)	140,000	150,000	150,000	0	-6.67%
Other Non Current Assets	0.00	0.00	0.00	0	-
Total Non Current Assets	617,263	682,133	682,133	0	-9.51%
Current Assets
Receivables	39,461	6,175	6,175	0	+539.07%
Inventories	0.00	0.00	0.00	0	-
Cash and Cash Equivalent	94,511	16,618	16,618	0	+468.74%
Financial Assets	0.00	0.00	0.00	0	-
Other Current Assets	0.00	4032.13	4032.13	0	-100.00%
Total Current Assets (A)	133,972	26,825	26,825	0	+399.44%
Current Liabilities
Financial Liabilities	277,114	308,742	308,742	0	-10.24%
Payables	12,279	1,142	1,142	0	+974.81%
Other Current Liabilities	0.00	0.00	0.00	0	-
Total Current Liabilities (B)	62,279	1,142	1,142	0	+5351.41%
Net Current Assets (A-B)	71,693	25,682	25,682	0	+179.16%

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)	PEG	P/E (TTM)	P/S	Quick Ratio	ROA (Annualized)	ROA (TTM)%	ROCE	ROE (Annualized)	ROE (TTM)%	Tax Burden
AHL	417	+7.01	+1.71%	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	264.2	-0.79	-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	366	-0.92	-0.25%	0.01	0.09	92.42	2.95	0.38	2.56	2.28	68.86	47.65	22.22	5.79	156.88	11.71	181.14	62.12	2.95	1.96	1.75%	7.44	2.8	2.5%	100
AKPL	254.3	-0.41	-0.16%	0.01	0.1	103.42	0.87	0.85	4.92	7.23	129.71	55.12	28.85	3.58	56.5	0.16	36.93	28.98	0.87	2.8	4.12%	9.41	4.92	7.24%	97.9
APHL	830	+1.99	+0.24%	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
API	332	+3.51	+1.07%	0.02	0.12	115.32	0.26	1.19	13.76	11.48	172.59	29.36	50.48	4.03	25.31	0.33	30.31	22.7	0.26	5.89	4.91%	13.73	12.51	10.44%	85.97
APPOLO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BARUN	319.1	+0.41	+0.13%	0	0.08	107.72	12.05	0.23	2.01	2.96	84.7	45.66	22.49	4.58	184.03	1.34	114.86	73.5	12.05	1.85	2.73%	5.24	2.48	3.66%	100
BEDC	318	-1.08	-0.34%	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	545	-3.01	-0.55%	0	0.19	112.67	13.69	0.29	11.16	11.9	173.69	9.23	43.93	8.91	67.47	3.27	55.13	52.7	13.69	8.15	8.69%	12.92	10.39	11.08%	88.19
BHCL	490	0	0%	0.01	0.15	109.64	5.1	0.29	10.43	11.11	165.55	17.6	51.48	6.77	53.4	0.21	53.47	48.86	5.1	7.92	8.44%	12.45	13	13.85%	97.02
BHDC	428.1	+2.09	+0.49%	0.01	0.16	117.43	2.91	1.09	13.22	9.42	157.76	46.51	33.32	5.55	36.97	0.51	49.15	21.89	2.91	5.39	3.84%	13.43	11.89	8.46%	99.99
BHL	208	+1.1	+0.53%	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	499	+16.5	+3.42%	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	681	+10.99	+1.64%	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	284.5	+2.51	+0.89%	0	0.15	84.3	0.6	2.94	7.78	0.05	9.74	101.79	15.94	5.58	45.37	0.01	6,676	12.86	0.6	2.31	0.01%	13.59	9.29	0.05%	100
BPCL	647	-2.79	-0.43%	0.02	0.11	210.33	6.81	0.09	11.71	9.24	209.11	3.43	48.06	4.53	61.05	1.37	73.58	52.17	6.45	5.05	3.99%	6.51	5.6	4.42%	81.76
BUNGAL	591	+7.01	+1.2%	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	482	-1.98	-0.41%	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	267.3	-0.59	-0.22%	0	0.14	85.09	2.22	1.03	3.25	1.21	48.13	85.57	13.54	4.69	92	0.73	240.5	22.12	2.17	1.89	0.7%	10.45	5.8	2.16%	100.94
CKHL	599	+18.01	+3.1%	0	0.11	90.17	0.42	2.23	4.3	0.65	36.31	75.54	12.75	10.56	166.05	0.94	1,023.08	37.64	0.42	1.44	0.21%	10.27	4.63	0.69%	100
DHEL	615	-5.02	-0.81%	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	290	+1.99	+0.69%	0	0.13	5.06	0.15	55.11	2.92	1.06	10.99	100.65	7.86	82.71	107.5	0.22	284.91	15.02	0.15	1	0.36%	13.76	60.96	22.15%	100
DOLTI	319	-0.99	-0.31%	0	0.1	58.54	0.94	2.25	0.83	-2.27	-	118.77	4.27	10.91	577.11	3.38	-154.19	43.89	0.94	0.43	-1.18%	9.4	1.39	-3.79%	100
DORDI	248	-1.9	-0.76%	0.01	0.08	105.5	5.6	0.68	0.83	-0.88	-	71.37	6.37	3.72	354.22	2.82	-311.14	40.16	5.44	0.51	-0.53%	6.24	1.12	-1.19%	101.05
EHPL	336.2	-2.81	-0.83%	0	0.14	77.73	2.59	1.27	6.42	4.37	87.42	54.08	25.2	7.24	65.73	0.43	88.76	29.44	2.59	3.61	2.45%	13.16	8.48	5.77%	97.99
GHL	230	+0.21	+0.09%	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	258.2	+0.59	+0.23%	0	0.09	111.36	0.02	4.66	2.18	2.61	80.87	0.39	4.09	3.36	128.9	8.6	101.53	9.38	0.02	0.36	0.43%	0.36	1.97	2.37%	100
GVL	480.5	+0.48	+0.1%	0.02	0.16	125.77	1.95	1.5	19.18	14.85	204.99	58.62	38.15	5.3	26.07	0.79	33	17.69	1.64	5.97	4.63%	10.15	16.12	12.49%	100

AVG	414.26	1.86	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	2.166	357.222	46.959	7.34	2.17	2.05%	8.58	5.84	3.7%	94.96
MED	351.1	0.31	0.1%	0	0.1	95.07	2.55	1.19	3.25	2.79	106.31	61.91	15.94	5.58	56.5	0.79	53.47	43.89	2.53	1.89	1.85%	7.73	4.63	4.04%	100
MAX	830	18.01	3.42%	0.05	0.19	210.33	48.25	55.11	19.18	14.85	209.11	297.83	58.34	82.71	577.11	11.71	6,676	133.23	48.25	8.15	8.69%	13.76	60.96	22.15%	101.05
MIN	208	-5.02	-0.83%	0	0.04	5.06	0.02	0.04	-19.31	-13.75	9.74	0.39	-94.75	3.36	-3,866.67	0.01	-311.14	9.38	0.02	-5.08	-3.62%	0.36	-24.52	-17.46%	72.57