Mai Khola Hydropower Limited

HydroPowerLow Cap

NPR 480.20

NPR -18.8-3.77%

09:14 AM NPT · Jun 26, 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

485.00

High

490.00

Low

480.20

Prev Close

499.00

Volume

3,680

Turnover

Rs 1,780,718.8

Txns

Valuation · Q3 FY25/26

EPS Ann.

3.92

EPS TTM

3.00

BVPS

103.90

P/E Ann.

122.50

P/E TTM

160.07

Graham #

95.73

Capital

Mkt Cap

1.88 Arab

Total

39.22 Lakh

Public

15.29 Lakh

Promoter

23.92 Lakh

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Buy

SuperTrend

Strong Sell

Trend Analysis

Direction

NaN

Strength

Strong

Momentum

RSI (14)

29.67

ADX

31.11

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

506.29

SMA 50

545.76

Bands & Channels

BB Width %

7.66%

Volume & Flow

OBV

2,055,465

Flow Analysis

[ Live 2026-06-26 ]

Total Buy

27,573

Shares Bought

Total Sell

27,573

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 44%

Distribution 56%

Accumulators

Quantity

6,388

Amount

3,147,807

Avg Rate

492.77

Rank

#90

Brokers

#44#58#35#29

Distributors

Quantity

8,221

Amount

4,018,914

Avg Rate

488.86

Rank

#83

Brokers

#49#83#66

Net Flow Impact:

-1,833units

(Rs. -871,107)

Net Flow by Timeframe

MKHL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 36,262 ]

Buy Side

Total: 17,167

Broker

QTY

AVG

NET

2,767

492.47

+1,207

10.0%

2,510

497.01

+620

9.1%

1,878

499.30

+1,858

6.8%

1,751

485.87

+571

6.3%

1,325

491.12

+526

4.8%

1,160

485.99

+439

4.2%

1,043

492.42

+1,003

3.8%

800

482.56

+91

2.9%

700

476.94

+670

2.5%

649

478.75

+639

2.4%

530

483.71

+530

1.9%

530

482.26

+530

1.9%

520

490.18

+520

1.9%

508

483.71

+498

1.8%

496

500.31

+496

1.8%

Sell Side

Total: 19,095

Broker

QTY

AVG

NET

4,421

487.52

-3,528

16.0%

2,500

491.79

-2,500

9.1%

1,869

488.26

-271

6.8%

1,345

492.71

-372

4.9%

1,300

487.77

-1,300

4.7%

1,210

495.96

-710

4.4%

1,100

483.35

-1,100

4.0%

960

483.01

-146

3.5%

925

486.34

-925

3.4%

785

482.93

-120

2.9%

720

486.24

-502

2.6%

710

494.55

-520

2.6%

500

490.00

-500

1.8%

380

494.94

-180

1.4%

370

500.55

-346

1.3%

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	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	11.71	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	0.16	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	0.33	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	1.34	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	3.27	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	0.21	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	0.51	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	0.01	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	1.37	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	0.73	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	0.94	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	0.22	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	3.38	-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	2.82	-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	0.43	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	8.6	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	0.79	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	2.166	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	0.79	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	11.71	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	0.01	-311.14	9.38	0.02	-5.08	-3.62%	0.36	-24.52	-17.46%	72.57