Sanima Mai Hydropower Ltd.

HydroPowerHigh Cap

NPR 558.30

NPR +5.3+0.96%

09:14 AM NPT · Nov 6, 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

559.70

High

564.00

Low

551.20

Prev Close

553.00

Volume

165,070

Turnover

Rs 92,432,928.2

Txns

Valuation · Q4 FY25/26

EPS Ann.

7.85

EPS TTM

7.85

BVPS

137.50

P/E Ann.

71.12

P/E TTM

71.12

Graham #

155.84

Capital

Mkt Cap

20.0 Arab

Total

3.58 Crore

Public

3.58 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Buy

RSI

Sell

SuperTrend

Strong Buy

Trend Analysis

Direction

Downtrend

Strength

Very Strong

Momentum

RSI (14)

66.2

ADX

49.85

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

539.74

SMA 50

526.03

Bands & Channels

BB Width %

10.21%

Volume & Flow

OBV

13,697,875

Flow Analysis

[ Live 2026-11-06 ]

Total Buy

517,628

Shares Bought

Total Sell

517,628

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 48%

Distribution 52%

Accumulators

Quantity

186,096

Amount

103,831,504

Avg Rate

557.95

Rank

#12

Brokers

#42#95#50#86#101

Distributors

Quantity

201,066

Amount

111,568,736

Avg Rate

554.89

Rank

#11

Brokers

#33#74#92#91#97

Net Flow Impact:

-14,970units

(Rs. -7,737,232)

Net Flow by Timeframe

SHPC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 666,187 ]

Buy Side

Total: 347,254

Broker

QTY

AVG

NET

61,360

558.41

+46,806

11.8%

47,963

556.11

+28,210

9.3%

30,615

551.13

+20,406

5.9%

30,150

561.25

+30,150

5.8%

28,290

554.49

+3,568

5.5%

25,000

559.16

+25,000

4.8%

101

21,623

554.67

+20,623

4.2%

21,577

555.18

+8,741

4.2%

20,000

553.39

+17,500

3.9%

15,643

553.93

+2,011

3.0%

11,299

551.77

+6,008

2.2%

11,149

555.80

+8,529

2.1%

9,464

556.77

+6,047

1.8%

6,829

556.26

+499

1.3%

6,292

560.09

+5,812

1.2%

Sell Side

Total: 318,933

Broker

QTY

AVG

NET

80,449

556.92

-69,449

15.5%

52,147

553.89

-43,024

10.1%

34,759

551.69

-29,759

6.7%

19,821

557.37

-2,349

3.8%

19,814

556.89

-11,179

3.8%

18,729

552.77

-18,683

3.6%

16,096

555.68

-7,296

3.1%

14,982

557.52

-14,302

2.9%

13,542

558.58

-8,496

2.6%

11,874

555.38

-6,049

2.3%

9,963

557.03

-2,876

1.9%

8,599

549.37

-7,009

1.7%

6,300

552.62

-4,871

1.2%

6,168

559.54

-873

1.2%

5,690

561.52

-4,390

1.1%

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	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	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	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	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	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	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	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	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	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	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	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	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	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	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	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	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	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	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	-1,566.67	3.84	0.03	-4.43	-4.43%	-0.11	-22.42	-22.42%	78.75