Nirdhan Utthan Laghubitta Bittiya Sanstha Limited

MicrofinanceHigh Cap

NPR 666.00

NPR -4-0.60%

09:14 AM NPT · May 13, 2026

Est. 1998 A.D. (2055 B.S.) and commenced microfinance operations in 1999 under Nepal Rastra Bank license · Naxal, Kathmandu, Nepal (Central Office) · CEO: Shiva Raj Rawal

Nirdhan Utthan began as a microfinance institution: Nirdhan Utthan Laghubitta Bittiya Sanstha Limited was established in 1998 under the Company Act, and started formal operations in 1999 under license from the central bank.Over the years, its operations grew and it has become one of Nepal’s leading microfinance institutions, with a widespread network covering all 77 districts, reaching hundreds of thousands of clients through ~181 branch offices, 10 regional offices, and a central office in Naxal, Kathmandu. NUBL provides a broad array of financial services targeting low-income and underserved households including small loans (microcredit), deposit & savings schemes, micro-insurance, remittance services, and various social-impact and livelihood-support initiatives (such as financial literacy, entrepreneurship training, and support for agriculture or small enterprises).Their lending methodology combines group-lending models inspired by the original microfinance movement (à la Grameen Bank) and a “Self-Reliant Group” model developed in-house enabling members to graduate to individual loans after qualifying under group repayment history. As of recent disclosures (2025), NUBL has disbursed loans totaling over NPR 264 billion; its outstanding loan book is around NPR 27.15 billion, and its savings/deposit base (plus client outreach) includes over 400,000 active clients, making it among the largest microfinance/financial-inclusion institutions in Nepal.Through its operations, NUBL aims not only to provide credit but to promote self-reliance, upliftment, and poverty reduction helping low-income families access capital, start small enterprises, manage risks, and improve livelihoods across urban, rural, hill and Terai regions. Because of its outreach and social orientation, NUBL plays a dual role: as a financial-service provider and as a social-development actor. Its services help bridge the financial-inclusion gap in remote or under-served areas, giving access to formal financial services to people who otherwise may rely on informal money-lenders or money-economy outside formal banking.

Trading

Open

653.20

High

674.00

Low

653.20

Prev Close

670.00

Volume

2,802

Turnover

Rs 1,875,713.8

Txns

26

Valuation · Q2 FY25/26

EPS Ann.

8.73

EPS TTM

29.89

BVPS

213.17

P/E Ann.

76.29

P/E TTM

22.28

Graham #

204.63

Capital

Mkt Cap

17.4 Arab

Total

2.61 Crore

Public

1.28 Crore

Promoter

1.33 Crore

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Sell

RSI

Buy

SuperTrend

Strong Sell

Trend Analysis

Direction

Uptrend

Strength

Very Strong

Momentum

RSI (14)

27.65

ADX

53.98

Overall Score

14
Below Line

Technical Score

Moving Averages

SMA 20

678.96

SMA 50

695.51

Bands & Channels

BB Width %

5.14%

Volume & Flow

OBV

1,144,694

Flow Analysis

[ Live 2026-05-13 ]

Total Buy

20,253

Shares Bought

Total Sell

20,253

Shares Sold

Net Flow

0

Net Accumulation

Active Brokers

53

Participating

ACCUM/DIST

Accumulation 58%

Distribution 42%

Accumulators

3

Quantity

8,121

Amount

5,448,798

Avg Rate

670.95

Rank

#16

Brokers

#42#58#44

Distributors

3

Quantity

5,994

Amount

4,025,691

Avg Rate

671.62

Rank

#26

Brokers

#28#59#37

Net Flow Impact:

+2,127units
(Rs. 1,423,106)

Net Flow by Timeframe

NUBL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 29,917 ]

Buy Side

Total: 15,915

Broker

QTY

AVG

NET

%

58

4,096

672.34

+1,736

20.2%

42

2,703

669.61

+1,846

13.3%

49

1,457

672.73

+1,311

7.2%

44

1,322

669.41

+1,322

6.5%

22

1,026

672.54

+1,005

5.1%

35

960

671.39

+715

4.7%

38

762

674.21

+562

3.8%

74

614

673.38

+274

3.0%

19

612

674.05

+612

3.0%

41

604

672.73

+278

3.0%

52

474

672.92

+321

2.3%

50

393

670.53

+393

1.9%

90

338

669.30

+338

1.7%

21

324

669.24

+125

1.6%

8

230

668.00

+230

1.1%

Sell Side

Total: 14,002

Broker

QTY

AVG

NET

%

28

2,359

670.98

-2,283

11.7%

59

1,959

674.24

-1,939

9.7%

37

1,676

669.45

-1,383

8.3%

45

1,421

672.53

-1,171

7.0%

57

1,203

672.76

-807

5.9%

47

1,065

668.85

-559

5.3%

51

802

670.26

-677

4.0%

34

778

671.48

-406

3.8%

72

685

667.46

-685

3.4%

25

481

670.03

-367

2.4%

26

407

670.93

-372

2.0%

46

373

673.00

-373

1.8%

99

304

675.90

-304

1.5%

6

282

678.00

-142

1.4%

54

207

670.29

-207

1.0%

Financial Fundamentals

Financial MetricFY25/26 Q2FY24/25 Q2FY23/24 Q2FY22/23 Q2Growth %
Capital & Liabilities
Paid Up Capital2,742,683,7382,612,079,7502,612,079,7502,195,025,000+5.00%
Reserves and Surplus3,104,001,8772,477,753,8891,906,782,3352,608,382,462+25.27%
Debentures and Bonds0.000.000.000.00-
Borrowings870,788,5951,163,770,6823,347,709,2105,696,755,805-25.18%
Deposits21,783,716,61420,673,270,03919,447,568,35618,943,834,863+5.37%
Income Tax Liabilities0.000.000.000.00-
Other Liabilities357,769,816162,695,009208,398,088350,439,003+119.90%
Total Capital & Liabilities28,858,960,64027,089,569,36927,522,537,74029,794,437,132+6.53%
Assets
Cash and Bank Balance1,409,311,4422,020,993,2922,602,421,3122,656,588,278-30.27%
Money at Call & Short Notice0.000.000.000.00-
Investments356,571,144358,083,869293,510,000293,510,000-0.42%
Loan and Advances25,652,291,06223,644,325,17823,693,079,68326,062,162,478+8.49%
Fixed Assets216,636,737231,094,710129,785,146137,350,706-6.26%
Non Banking Assets0.000.000.000.00-
Other Assets1,224,150,255835,072,320803,741,599644,825,670+46.59%
Total Assets28,858,960,64027,089,569,36927,522,537,74029,794,437,132+6.53%

Sector Peers — Microfinance (30)

Peer Comparison

Microfinance SECTOR — NEPAL

2025/2026 Q2

NPR/Millions

Statement

Highlight

TICKERMarket
Key Ratios
PriceChgChg%Mkt Cap (M)Asset TurnoverBVPSC/D Ratio%EPS (Annu.)EPS (TTM)Graham's No.Int. Rate Spread%NIM%NPL%NPM%P/BP/E (Annu.)PEGP/E (Latest)P/E (TTM)P/SROA (Annu.)%ROA (TTM)%ROE (Annu.)%ROE (TTM)%

ACLBSL

954+3.04+0.32%00.13169.98213.9%32.5733.11355.858.27%7.44%5.2%14.84%11.329.470.3831.2330.7217.511.98%2.01%21%21.36%

ADLB

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

AKBSL

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

ALBSL

1,107.4-4.56-0.41%0.010.13158.086.57%31.2938.77371.358.4%7.16%10.15%17.5%14.9537.780.0935.628.7326.452.24%2.79%21.34%26.44%

ANLB

6,050-15.16-0.25%0.010.12428.750%77.985.26906.910%-11.81%27.93%28.4578.310.3180.8773.8987.53.32%3.65%20.24%22.16%

AVYAN

1,105-23.01-2.04%00.03149.39109.7%61.8955.85433.278.34%8.86%4.15%29.02%12.6615.290.0115.5117.1917.750.9%0.81%47.92%43.25%

BPW

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

CBBL

91900%0.030.13233.6694.92%31.8535.31430.865.51%6.96%2.45%17.74%7.8928.9596328.8926.0520.542.22%2.46%14.32%15.87%

CYCL

1,472+7.91+0.54%00.12268.72111.75%27.9941.89503.267.91%6.38%18.48%9.02%11.2453.96055.0936.8119.471.06%1.61%10.74%16.09%

DDBL

846.2-0.68-0.08%0.020.14221.13115.62%47.4147.55486.47.83%8.32%8.43%24.37%7.4217.30.2717.5117.4616.873.36%3.37%23.26%23.33%

DLBS

1,328-166.99-11.17%00.12179.1394.98%18.3819.05277.097.67%7.44%9.83%7.8%14.5270.730.1571.2768.7722.090.94%0.98%10.82%11.23%

FMDBL

793-11.99-1.49%0.010.06128.31114.74%10.4711.14179.331.42%4.14%4.52%35.1%12.3975.932.1574.469.93106.642.12%2.27%8.24%8.78%

FOWAD

1,050.1-9.86-0.93%0.010.13234.69112.57%31.9820.71330.77.31%7.3%8.92%13.3%9.1233.460.0232.8650.7517.81.7%1.1%13.14%8.51%

GBLBS

762.2-8.79-1.14%0.010.14278.0726.68%43.7534.76466.358.84%9.62%4.76%20.85%5.5717.691.0617.2121.6614.762.94%2.34%15.96%12.68%

GGBSL

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

GILB

1,116.5-21.51-1.89%0.010.15197.29282.59%32.6734.47391.178.43%9.46%8.96%13.69%11.6735.23033.763219.32.02%2.14%16.8%17.73%

GLBSL

1,780-25.09-1.39%00.14159.33393.94%40.2238.34370.748.44%8.32%3.13%17.81%24.1547.840.941.57034.092.5%2.38%28.82%27.47%

GMFBS

1,332.9+5.05+0.38%00.14185.26107.54%-4.7117.54270.398.32%8.86%14.37%-2.06%16.14-317.410-309.5583.1226.18-0.28%1.07%-2.96%11.05%

HLBSL

890-14.01-1.55%00.11167.3595.52%26.2432.38349.178.6%7.9%8.58%13.2%10.6834.050.5734.4927.9517.991.48%1.82%16.98%20.97%

ILBS

935+1.96+0.21%00.13136.88119.88%24.0749.91392.068.31%7.38%17.85%15.51%14.5241.30.2439.0518.8325.632%4.16%18.84%39.06%

JALPA

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

JBLB

1,300-4.96-0.38%0.020.13277.15124.79%50.6560.15612.445.85%7.32%5.98%19.57%9.5426.10.3925.9421.8420.442.56%3.05%20.08%23.85%

JSLBB

1,100+14.97+1.38%00.11170.87107.57%11.819.17271.487.6%6.12%9.15%7.55%13.5598.140.4295.2558.6329.660.86%1.4%7.44%12.11%

KLBS

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

KLBSL

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

KMCDB

884.8-4.89-0.55%00.14164.7112.75%26.0927.74320.628.67%8.82%11.42%16.43%11.4836.221.3334.9232.8423.812.3%2.45%16.28%17.31%

LLBS

960+2.11+0.22%00.12187.67107.03%15.318.11185.056.19%7.64%13.04%8.25%9.8860.550.6660.42114.0619.990.98%0.52%8.78%4.65%

MATRI

910+9.46+1.05%0.010.1119.9102.58%11.259.36158.917.28%4.96%10.48%5.5%16.3587.110.685.78103.119.180.54%0.45%7%5.84%

MERO

715-2.08-0.29%0.010.12155.78110.81%13.8816.56240.928.6%7.38%19.54%10.28%9.5353.463.451.5943.2421.991.24%1.48%9.08%10.84%

MKLB

------------------------
AVG1,286.87-12.23-0.88%0.010.12198.73121.2%30.1333.51377.477.17%7.51%9.6%15.6%12.86430.06644.36129.71244.43528.4381.77%2.01%16.1%18.21%
MED1,005.05-4.73-0.33%0.010.13175110.26%29.6433.79363.38.09%7.44%9.06%15.18%11.575370.38535.2632.4220.491.99%2.08%16.12%16.7%
MAX6,05014.971.38%0.030.15428.75393.94%77.985.26906.918.84%9.62%19.54%35.1%28.4598.1496395.25114.06106.643.36%4.16%47.92%43.25%
MIN715-166.99-11.17%00.03119.90%-4.718.11158.910%4.14%2.45%-2.06%5.57-317.410-309.55014.76-0.28%0.45%-2.96%4.65%

30

securities loaded

Best in class

Laggard

AVG

Average

MED

Median

MAX

Maximum

MIN

Minimum