Mai Khola Hydropower Limited

HydroPowerLow Cap

NPR 515.90

NPR +4.8+0.94%

09:14 AM NPT · Nov 6, 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

506.20

High

515.90

Low

506.20

Prev Close

511.10

Volume

1,776

Turnover

Rs 904,641.2

Txns

Valuation · Q4 FY25/26

EPS Ann.

13.83

EPS TTM

13.83

BVPS

114.34

P/E Ann.

37.30

P/E TTM

37.30

Graham #

188.63

Capital

Mkt Cap

2.02 Arab

Total

39.22 Lakh

Public

39.22 Lakh

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Buy

RSI

Neutral

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Strong

Momentum

RSI (14)

56.54

ADX

39.3

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

505.11

SMA 50

500.14

Bands & Channels

BB Width %

7.86%

Volume & Flow

OBV

1,968,221

Flow Analysis

[ Live 2026-11-06 ]

Total Buy

11,799

Shares Bought

Total Sell

11,799

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 55%

Distribution 45%

Accumulators

Quantity

3,386

Amount

1,736,844

Avg Rate

512.95

Rank

#106

Brokers

#16#25#59

Distributors

Quantity

2,768

Amount

1,429,258

Avg Rate

516.35

Rank

#110

Brokers

#48#44#45

Net Flow Impact:

+618units

(Rs. 307,586)

Net Flow by Timeframe

MKHL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 17,779 ]

Buy Side

Total: 8,786

Broker

QTY

AVG

NET

1,261

512.97

+731

10.7%

1,225

514.30

+1,225

10.4%

1,000

515.80

+622

8.5%

900

520.00

+415

7.6%

900

511.08

+890

7.6%

720

512.39

+500

6.1%

580

505.61

+580

4.9%

495

514.00

+195

4.2%

300

506.00

+30

2.5%

290

515.07

+280

2.5%

278

507.24

+278

2.4%

227

512.49

+227

1.9%

210

506.89

+210

1.8%

200

513.00

+190

1.7%

200

507.06

+160

1.7%

Sell Side

Total: 8,993

Broker

QTY

AVG

NET

1,640

512.91

-620

13.9%

1,292

509.68

-692

10.9%

1,130

519.25

-1,130

9.6%

921

513.45

-292

7.8%

900

517.83

-900

7.6%

738

510.11

-698

6.3%

607

513.22

-537

5.1%

500

513.00

-500

4.2%

300

505.60

-300

2.5%

293

515.13

-93

2.5%

180

513.13

-170

1.5%

150

512.47

-150

1.3%

122

510.30

-122

1.0%

120

507.81

-120

1.0%

100

511.20

-100

0.8%

Financial Fundamentals

Financial Metric	FY25/26 Q4	FY24/25 Q4	FY23/24 Q4	FY22/23 Q4	Growth %
Sources of Fund
Equity
Paid up Capital	392,157	392,157	392,157	0	0.00%
Reserves and Surplus	56,225	3,742	2,094	0	+1402.57%
Other Equity	0.00	0.00	0.00	0	-
Total Equity	448,382	395,899	394,250	0	+13.26%
Non Current Liabilities
Financial Liabilities	230,215	303,143	336,260	0	-24.06%
Other Non Current Liabilities	1,666	117	62	0	+1326.52%
Total Non Current Liabilities	231,881	303,259	336,322	0	-23.54%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	677,579	532,286	542,385	0	+27.30%
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	140,000	150,000	0	0.00%
Other Non Current Assets	0.00	0.00	0.00	0	-
Total Non Current Assets	817,579	672,286	692,385	0	+21.61%
Current Assets
Receivables	12,587	12,087	12,838	0	+4.14%
Inventories	0.00	0.00	0.00	0	-
Cash and Cash Equivalent	152,661	1,053	23,417	0	+14391.56%
Financial Assets	0.00	0.00	0.00	0	-
Other Current Assets	7,317	15,449	3,263	0	-52.64%
Total Current Assets (A)	172,566	28,589	39,519	0	+503.61%
Current Liabilities
Financial Liabilities	230,215	303,143	336,260	0	-24.06%
Payables	122,001	1,717	1,331	0	+7006.22%
Other Current Liabilities	0.00	0.00	0.00	0	-
Total Current Liabilities (B)	309,881	1,717	1,331	0	+17949.73%
Net Current Assets (A-B)	-137,316	26,872	38,187	0	-611.00%

Sector Peers — HydroPower (30)

Peer Comparison

HydroPower SECTOR — NEPAL

2025/2026 Q4

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	380	+3.99	+1.06%	0	0.06	68.43	0.28	4.81	-17.41	-17.41	-	-	-72.65	6.05	-23.78	-	-22.69	17.28	0.28	-4.43	-4.43%	0.3	-22.42	-22.42%	-
AHPC	257.8	+1.1	+0.43%	0.01	0.06	109.71	47.9	0.07	3.41	3.41	91.75	8.49	48.03	2.39	76.86	-	79.03	36.92	47.9	2.91	2.91%	5.9	3.15	3.15%	87.4
AKJCL	343.9	-2.11	-0.61%	0.01	0.09	93.69	3.15	0.37	3.18	3.18	81.88	45.61	28.35	3.6	105.97	2.05	112.89	30.06	3.12	2.45	2.45%	7.6	3.45	3.45%	100
AKPL	256.2	-2.69	-1.04%	0.01	0.06	101.77	0.7	0.85	1.02	1.02	48.33	79.07	12.99	2.45	244.12	-	253.82	31.64	0.7	0.75	0.75%	3.93	1.34	1.34%	109.6
APHL	564.9	+6.92	+1.24%	0	0.04	102.41	0.51	2.26	-4.12	-	-	-	-28.49	8	-198.79	-	-	56.64	0.48	-1.23	-	-0.11	-4.02	-	-
API	333.7	+0.7	+0.21%	0.02	0.12	119.51	0.41	1.05	15.06	15.06	201.24	38.4	54.37	2.68	21.29	0.2	22.31	11.58	0.41	6.48	6.48%	11.25	13.36	13.36%	85.19
APPOLO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BARUN	322.2	-1.81	-0.56%	0	0.09	108.19	6.74	0.23	2.08	2.08	71.16	40.72	21.39	2.96	153.8	-	161.06	32.88	6.74	1.91	1.91%	5.63	2.54	2.54%	85.88
BEDC	295	-2.5	-0.84%	0	0.07	46.28	4.95	2.24	-1.7	-1.7	-	218.78	-14.77	6.66	-181.18	-	-182.94	26.83	4.95	-1.1	-1.1%	6.83	-3.59	-3.59%	-
BENI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BGWT	503	-4.01	-0.79%	0	0.16	113.3	6.45	0.28	9.01	9.01	151.55	10.83	39.64	4.82	60.6	-	53.39	24.03	6.45	6.53	6.53%	11.28	8.22	8.22%	88.19
BHCL	546	0	0%	0.01	0.15	112.53	2.14	0.16	10.81	10.81	165.44	15.96	51.47	4	41.63	0.34	50.32	21.43	2.14	7.51	7.51%	13.6	10.08	10.08%	96.98
BHDC	431.8	+1.81	+0.42%	0.01	0.15	118.32	2.69	1.28	11.79	11.79	177.16	49.43	30.69	3.58	35.88	0.31	36.94	11.01	2.69	4.6	4.6%	12.4	10.59	10.59%	97.41
BHL	225	-0.5	-0.22%	0.01	0.13	81.22	1.8	1.96	7.72	7.72	118.78	62.35	24.48	2.51	26.42	0.16	28.15	6.47	1.72	3.23	3.23%	12.25	9.91	9.91%	83.13
BHPL	429	+8.21	+1.95%	0	0.08	50.03	1.14	1.86	-0.3	-0.3	-	133.02	-2.63	9.16	-1,527.67	-	-1,566.67	40.59	1.04	-0.2	-0.2%	8.83	-0.57	-0.57%	-
BJHL	545	-8.97	-1.62%	0.01	0.09	88.95	2.57	1.05	-2.6	-	-	233.82	-15.28	7.66	-261.92	-	-	40.04	2.57	-1.42	-	6.85	-2.92	-	-
BNHC	274	+2.01	+0.74%	0	0.13	100.59	7.62	0.97	1.49	1.49	58.07	111.02	6.46	2.76	186.58	1.49	188.86	12.02	7.62	0.8	0.8%	9.68	2.14	2.14%	97.01
BPCL	694	-12	-1.7%	0.02	0.1	210.87	7.05	0.09	9.84	9.84	216.07	3.19	41.84	3.17	67.89	1.46	70.93	28.41	6.52	4.18	4.18%	5.36	4.69	4.69%	80.94
BUNGAL	458.1	-2.9	-0.63%	0	0.09	81.42	0.21	3.4	-3.84	-	-	-	-11.28	7.18	-152.34	-	-	17.19	0.21	-1.07	-	4.34	-4.71	-	-
CHCL	338	+0.2	+0.06%	0.03	0.1	123.9	25.95	0.04	7.59	7.59	145.46	-	61.66	3.83	62.6	-	48.71	38.59	24.62	5.98	5.98%	7.15	6.2	6.2%	78.75
CHL	257	-2.91	-1.12%	0	0.13	84.29	2.08	1.03	1.72	1.72	57.11	92.02	7.56	3.04	148.84	1.37	155.81	11.25	2.03	1	1%	9.26	3.12	3.12%	101.74
CKHL	438	+13.5	+3.18%	0	0.11	100.19	0.83	1.96	13.25	13.25	172.83	77.7	40.33	6.37	48.15	0.04	44.98	19.42	0.83	4.44	4.44%	9.73	13.85	13.85%	100
DHEL	508	+2.02	+0.4%	0.01	0.04	118.14	0.45	1.37	-9.88	-	-	-	-89.33	4.57	-54.67	-	-	48.83	0.45	-3.52	-	2.24	-8.36	-	-
DHPL	269	-4.01	-1.47%	0	0.14	8.38	0.23	33.09	5.51	5.51	32.23	84.53	13.93	32.82	49.91	0.12	50.73	6.95	0.23	1.89	1.89%	14.84	93.63	93.63%	100
DOLTI	308.9	-1.08	-0.35%	0	0.1	59.87	1.11	2.2	0.87	0.87	34.23	125.13	4.65	5.31	365.4	3.06	355.17	17.08	1.11	0.45	0.45%	9.33	1.48	1.48%	100
DORDI	273.8	+1.8	+0.66%	0.01	0.07	106.3	1.83	0.91	1.42	1.42	58.28	57.15	10.91	2.32	173.94	1.3	185.14	18.97	1.81	0.76	0.76%	5.94	1.35	1.35%	106.79
EHPL	325	0	0%	0	0.13	76.3	2.47	1.28	3.39	3.39	76.29	69.82	14.32	4.3	96.84	0.83	98.82	13.86	2.47	1.93	1.93%	11.58	4.54	4.54%	98
GHL	323	-1	-0.31%	0.01	0.06	95.05	4.74	0.45	-1.33	-1.33	-	154.32	-15.98	2.26	-161.65	-	-182.93	25.9	4.74	-0.94	-0.94%	3.92	-1.38	-1.38%	-
GLH	263	+1.7	+0.65%	0	0.1	112.05	0.03	4.81	2.33	2.33	76.64	0.32	3.68	2.17	104.29	-	117.38	3.84	0.03	0.37	0.37%	0.39	2.09	2.09%	100
GVL	559	+3	+0.54%	0.02	0.14	124.33	1.4	1.52	12.94	12.94	190.26	82.6	29.87	3.86	37.09	2.71	38.25	11.09	1.24	4.07	4.07%	8.29	10.94	10.94%	97.08

AVG	382.94	0.02	0.01%	0.01	0.1	97	4.91	2.56	2.97	4.32	111.24	78.01	10.58	5.374	-16.21	1.103	8.228	23.6	4.83	1.73	2.32%	7.45	5.67	7.45%	94.7
MED	335.85	0	0%	0	0.1	101.18	1.96	1.17	2.21	3.29	86.82	69.82	13.46	3.845	49.03	1.065	52.06	20.425	1.92	1.44	1.92%	7.38	2.83	3.3%	97.25
MAX	694	13.5	3.18%	0.03	0.16	210.87	47.9	33.09	15.06	15.06	216.07	233.82	61.66	32.82	365.4	3.06	355.17	56.64	47.9	7.51	7.51%	14.84	93.63	93.63%	109.6
MIN	225	-12	-1.7%	0	0.04	8.38	0.03	0.04	-17.41	-17.41	32.23	0.32	-89.33	2.17	-1,527.67	0.04	-1,566.67	3.84	0.03	-4.43	-4.43%	-0.11	-22.42	-22.42%	78.75