Sanima Mai Hydropower Ltd.

HydroPowerHigh Cap

NPR 534.50

NPR +4.6+0.87%

09:14 AM NPT · Sep 24, 2026

Est. 2008 · Shanka Park, Kathmandu, Nepal · CEO: Subarna Das Shrestha

Sanima Mai Hydropower Limited (SMHL) is one of Nepal’s prominent independent power producers (IPPs), established to develop and operate hydropower projects that contribute to Nepal’s clean energy generation. The company is known for successfully developing the Mai Hydropower Project (22 MW) and the Mai Cascade Hydropower Project (7 MW) in Ilam District—both run-of-river projects supplying renewable electricity to the national grid through long-term Power Purchase Agreements (PPA) with the Nepal Electricity Authority (NEA). Sanima Mai Hydropower emphasizes technical excellence, sustainable project execution, and environmental responsibility. The company follows international engineering standards, maintains close coordination with regulatory bodies such as the Department of Electricity Development (DoED), and engages proactively with local communities to ensure sustainable development in project areas. Listed on the Nepal Stock Exchange (NEPSE), the company adheres to strong corporate governance, transparent reporting, and long-term value creation for shareholders. With its operational success and ongoing plans for expansion, Sanima Mai Hydropower Limited continues to play a significant role in Nepal’s renewable energy infrastructure and national economic development.

maihydro.com/

Trading

Open

528.00

High

535.00

Low

526.60

Prev Close

529.90

Volume

63,414

Turnover

Rs 33,521,120.8

Txns

171

Valuation · Q4 FY25/26

EPS Ann.

7.85

EPS TTM

7.85

BVPS

137.50

P/E Ann.

68.09

P/E TTM

68.09

Graham #

155.84

Capital

Mkt Cap

19.98 Arab

Total

3.74 Crore

Public

3.74 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Strong Sell

SuperTrend

Strong Buy

Trend Analysis

Direction

Downtrend

Strength

Very Strong

Momentum

RSI (14)

77.64

ADX

42.91

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

516.67

SMA 50

508.47

Bands & Channels

BB Width %

10.63%

Volume & Flow

OBV

13,278,937

Flow Analysis

[ Live 2026-09-24 ]

Total Buy

420,575

Shares Bought

Total Sell

420,575

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 57%

Distribution 43%

Accumulators

Quantity

137,201

Amount

73,169,223

Avg Rate

533.30

Rank

#18

Brokers

#4#74#92

Distributors

Quantity

102,627

Amount

54,618,434

Avg Rate

532.20

Rank

#18

Brokers

#84#44#64#61#52

Net Flow Impact:

+34,574units

(Rs. 18,550,789)

Net Flow by Timeframe

SHPC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 531,494 ]

Buy Side

Total: 298,371

Broker

QTY

AVG

NET

85,673

532.45

+80,889

20.4%

27,735

531.63

+19,274

6.6%

23,793

538.32

+17,390

5.7%

21,533

533.16

+896

5.1%

18,433

536.49

+15,013

4.4%

18,000

538.80

+3,971

4.3%

15,546

528.16

+13,761

3.7%

13,031

529.64

+857

3.1%

12,725

534.61

+4,860

3.0%

12,666

531.97

+7,469

3.0%

11,424

538.16

+3,906

2.7%

11,386

534.72

+273

2.7%

10,269

530.45

+3,202

2.4%

8,257

530.21

+7,428

2.0%

7,900

533.71

+7,860

1.9%

Sell Side

Total: 233,123

Broker

QTY

AVG

NET

39,437

532.58

-7,818

9.4%

33,689

529.38

-9,463

8.0%

33,104

533.35

-31,604

7.9%

24,245

532.78

-23,000

5.8%

20,875

529.02

-18,645

5.0%

13,000

530.39

-13,000

3.1%

11,403

535.53

-11,403

2.7%

9,935

532.72

-8,855

2.4%

9,000

536.17

-9,000

2.1%

7,500

532.50

-7,300

1.8%

7,302

530.10

-3,202

1.7%

7,014

537.25

-6,164

1.7%

6,620

535.55

-6,620

1.6%

5,754

534.18

-3,704

1.4%

4,245

535.41

-505

1.0%

Financial Fundamentals

Financial Metric	FY25/26 Q4	FY24/25 Q4	FY23/24 Q4	FY22/23 Q4	Growth %
Sources of Fund
Equity
Paid up Capital	3,737,994	3,737,994	3,398,176	0	0.00%
Reserves and Surplus	1,388,229	1,063,122	2,519,743	0	+30.58%
Other Equity	13,489	1,678,328	0	0	-99.20%
Total Equity	5,139,711	6,479,444	5,917,919	0	-20.68%
Non Current Liabilities
Financial Liabilities	16,728	122,431	582,508	0	-86.34%
Other Non Current Liabilities	3,738	10,214	3,449	0	-63.41%
Total Non Current Liabilities	20,465	132,645	585,957	0	-84.57%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	21,654	13,684	14,359	0	+58.24%
Capital Work In Progress	0.00	0.00	0.00	0	-
Intangible Assets	3,010,781	3,006,432	3,146,834	0	+0.14%
Financial Assets (Investments)	1,902,034	3,915,252	3,197,503	0	-51.42%
Other Non Current Assets	0.00	0.00	0.00	0	-
Total Non Current Assets	4,934,468	6,935,368	6,358,696	0	-28.85%
Current Assets
Receivables	0.00	0.00	0.00	0	-
Inventories	26,847	24,074	22,965	0	+11.52%
Cash and Cash Equivalent	23,703	153,940	271,553	0	-84.60%
Financial Assets	446,935	523,080	723,761	0	-14.56%
Other Current Assets	22,552	14,965	31,665	0	+50.69%
Total Current Assets (A)	520,037	716,060	1,049,944	0	-27.38%
Current Liabilities
Financial Liabilities	16,728	122,431	582,508	0	-86.34%
Payables	0.00	0.00	0.00	0	-
Other Current Liabilities	34,480	556,991	476,351	0	-93.81%
Total Current Liabilities (B)	294,329	1,039,339	904,763	0	-71.68%
Net Current Assets (A-B)	225,708	-323,279	145,180	0	+169.82%

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)	P/E (TTM)	P/S	Quick Ratio	ROA (Annualized)	ROA (TTM)%	ROCE	ROE (Annualized)	ROE (TTM)%	Tax Burden
AHL	402.7	+10.7	+2.73%	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	266.9	+0.69	+0.26%	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	358	0	0%	0.01	0.09	93.69	3.15	0.37	3.18	3.18	81.88	45.61	28.35	3.6	105.97	112.89	30.06	3.12	2.45	2.45%	7.6	3.45	3.45%	100
AKPL	253	+1.41	+0.56%	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	671	+9.72	+1.47%	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	334.8	+0.8	+0.24%	0.02	0.12	119.51	0.41	1.05	15.06	15.06	201.24	38.4	54.37	2.68	21.29	22.31	11.58	0.41	6.48	6.48%	11.25	13.36	13.36%	85.19
APPOLO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BARUN	326	-2.99	-0.91%	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	308.9	+1.9	+0.62%	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	492	+4.92	+1.01%	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	574.8	+15.82	+2.83%	0.01	0.15	112.53	2.14	0.16	10.81	10.81	165.44	15.96	51.47	4	41.63	50.32	21.43	2.14	7.51	7.51%	13.6	10.08	10.08%	96.98
BHDC	433.4	+2.41	+0.56%	0.01	0.15	118.32	2.69	1.28	11.79	11.79	177.16	49.43	30.69	3.58	35.88	36.94	11.01	2.69	4.6	4.6%	12.4	10.59	10.59%	97.41
BHL	212.2	+0.19	+0.09%	0.01	0.13	81.22	1.8	1.96	7.72	7.72	118.78	62.35	24.48	2.51	26.42	28.15	6.47	1.72	3.23	3.23%	12.25	9.91	9.91%	83.13
BHPL	447.5	-0.49	-0.11%	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	643	+8.88	+1.4%	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	278.5	+1.91	+0.69%	0	0.13	100.59	7.62	0.97	1.49	1.49	58.07	111.02	6.46	2.76	186.58	188.86	12.02	7.62	0.8	0.8%	9.68	2.14	2.14%	97.01
BPCL	676	+1.08	+0.16%	0.02	0.1	210.87	7.05	0.09	9.84	9.84	216.07	3.19	41.84	3.17	67.89	70.93	28.41	6.52	4.18	4.18%	5.36	4.69	4.69%	80.94
BUNGAL	514	+3.01	+0.59%	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	352	-2.52	-0.71%	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	267	+1.99	+0.75%	0	0.13	84.29	2.08	1.03	1.72	1.72	57.11	92.02	7.56	3.04	148.84	155.81	11.25	2.03	1	1%	9.26	3.12	3.12%	101.74
CKHL	582.4	-4.58	-0.78%	0	0.11	100.19	0.83	1.96	13.25	13.25	172.83	77.7	40.33	6.37	48.15	44.98	19.42	0.83	4.44	4.44%	9.73	13.85	13.85%	100
DHEL	554	-1	-0.18%	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	275	+1.99	+0.73%	0	0.14	8.38	0.23	33.09	5.51	5.51	32.23	84.53	13.93	32.82	49.91	50.73	6.95	0.23	1.89	1.89%	14.84	93.63	93.63%	100
DOLTI	299	-4.99	-1.64%	0	0.1	59.87	1.11	2.2	0.87	0.87	34.23	125.13	4.65	5.31	365.4	355.17	17.08	1.11	0.45	0.45%	9.33	1.48	1.48%	100
DORDI	263	+1	+0.38%	0.01	0.07	106.3	1.83	0.91	1.42	1.42	58.28	57.15	10.91	2.32	173.94	185.14	18.97	1.81	0.76	0.76%	5.94	1.35	1.35%	106.79
EHPL	326.8	+0.81	+0.25%	0	0.13	76.3	2.47	1.28	3.39	3.39	76.29	69.82	14.32	4.3	96.84	98.82	13.86	2.47	1.93	1.93%	11.58	4.54	4.54%	98
GHL	253.7	-3.29	-1.28%	0	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	278.8	-0.39	-0.14%	0.01	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	489.3	-0.69	-0.14%	0.02	0.14	124.33	1.4	1.52	12.94	12.94	190.26	82.6	29.87	3.86	37.09	38.25	11.09	1.24	4.07	4.07%	8.29	10.94	10.94%	97.08

AVG	397.63	1.73	0.34%	0.01	0.1	97	4.91	2.56	2.97	4.32	111.24	78.01	10.58	5.374	-16.21	8.228	23.6	4.83	1.73	2.32%	7.45	5.67	7.45%	94.7
MED	343.4	0.91	0.26%	0	0.1	101.18	1.96	1.17	2.21	3.29	86.82	69.82	13.46	3.845	49.03	52.06	20.425	1.92	1.44	1.92%	7.38	2.83	3.3%	97.25
MAX	676	15.82	2.83%	0.03	0.16	210.87	47.9	33.09	15.06	15.06	216.07	233.82	61.66	32.82	365.4	355.17	56.64	47.9	7.51	7.51%	14.84	93.63	93.63%	109.6
MIN	212.2	-4.99	-1.64%	0	0.04	8.38	0.03	0.04	-17.41	-17.41	32.23	0.32	-89.33	2.17	-1,527.67	-1,566.67	3.84	0.03	-4.43	-4.43%	-0.11	-22.42	-22.42%	78.75