Sanima Mai Hydropower Ltd.

HydroPowerHigh Cap

NPR 525.00

NPR -6-1.13%

08:52 AM NPT · Sep 16, 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

529.00

High

531.00

Low

524.20

Prev Close

531.00

Volume

63,654

Turnover

Rs 33,610,779.3

Txns

Valuation · Q4 FY25/26

EPS Ann.

7.85

EPS TTM

7.85

BVPS

137.50

P/E Ann.

66.88

P/E TTM

66.88

Graham #

155.84

Capital

Mkt Cap

19.62 Arab

Total

3.74 Crore

Public

3.74 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Neutral

SuperTrend

Strong Buy

Trend Analysis

Direction

Downtrend

Strength

Strong

Momentum

RSI (14)

52.51

ADX

33.38

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

507.81

SMA 50

503.65

Bands & Channels

BB Width %

9.05%

Volume & Flow

OBV

13,162,703

Flow Analysis

[ Live 2026-09-15 ]

Total Buy

436,391

Shares Bought

Total Sell

436,391

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 61%

Distribution 39%

Accumulators

Quantity

228,310

Amount

118,331,250

Avg Rate

518.29

Rank

Brokers

#33#94#81

Distributors

Quantity

146,671

Amount

75,769,510

Avg Rate

516.60

Rank

#10

Brokers

#8#45#63#50#42#17

Net Flow Impact:

+81,639units

(Rs. 42,561,740)

Net Flow by Timeframe

SHPC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 563,811 ]

Buy Side

Total: 305,031

Broker

QTY

AVG

NET

126,109

516.26

+117,524

28.9%

72,194

522.20

+68,694

16.5%

30,007

517.42

+20,905

6.9%

20,069

522.69

+11,740

4.6%

7,425

529.54

+5,180

1.7%

7,421

529.72

+2,721

1.7%

6,700

527.99

+4,131

1.5%

6,470

528.60

+2,450

1.5%

5,683

520.55

+1,473

1.3%

5,340

519.49

+4,520

1.2%

4,800

521.27

+2,839

1.1%

4,085

525.61

+3,251

0.9%

3,455

518.67

+805

0.8%

2,750

523.27

+2,145

0.6%

2,523

520.92

+1,723

0.6%

Sell Side

Total: 258,780

Broker

QTY

AVG

NET

42,398

514.74

-28,021

9.7%

39,022

512.58

-38,562

8.9%

18,456

518.52

-11,456

4.2%

17,542

517.83

-16,784

4.0%

17,410

514.25

-17,410

4.0%

16,224

524.12

-14,893

3.7%

14,341

520.70

-7,453

3.3%

14,075

526.01

-14,075

3.2%

13,766

524.91

-12,216

3.1%

13,632

523.18

-10,995

3.1%

12,325

514.06

-1,214

2.8%

11,649

523.72

-2,098

2.7%

10,690

525.50

-5,115

2.5%

9,500

525.27

-9,500

2.2%

7,750

525.85

-6,252

1.8%

Financial Fundamentals

Financial Metric	FY25/26 Q4	FY24/25 Q4	FY23/24 Q4	FY22/23 Q4	Growth %
Sources of Fund
Equity
Paid up Capital	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	377.9	+1.81	+0.48%	0	0.06	68.43	0.28	4.81	-17.41	-17.41	-	-	-72.65	6.05	-23.78	-22.75	17.28	0.28	-4.43	-4.43%	0.3	-22.42	-22.42%	-
AHPC	267	-6.01	-2.2%	0.01	0.06	109.71	47.9	0.07	3.41	3.41	91.75	8.49	48.03	2.39	76.86	76.51	36.92	47.9	2.91	2.91%	5.9	3.15	3.15%	87.4
AKJCL	348	-5.01	-1.42%	0.01	0.09	93.69	3.15	0.37	3.18	3.18	81.88	45.61	28.35	3.6	105.97	109.72	30.06	3.12	2.45	2.45%	7.6	3.45	3.45%	100
AKPL	256.5	-3.51	-1.35%	0.01	0.06	101.77	0.7	0.85	1.02	1.02	48.33	79.07	12.99	2.45	244.12	244.12	31.64	0.7	0.75	0.75%	3.93	1.34	1.34%	109.6
APHL	690	-25.03	-3.5%	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	339	-4.88	-1.42%	0.02	0.12	119.51	0.41	1.05	15.06	15.06	201.24	38.4	54.37	2.68	21.29	22.24	11.58	0.41	6.48	6.48%	11.25	13.36	13.36%	85.19
APPOLO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BARUN	325.6	-6.41	-1.93%	0	0.09	108.19	6.74	0.23	2.08	2.08	71.16	40.72	21.39	2.96	153.8	153.89	32.88	6.74	1.91	1.91%	5.63	2.54	2.54%	85.88
BEDC	302	-7.9	-2.55%	0	0.07	46.28	4.95	2.24	-1.7	-1.7	-	218.78	-14.77	6.66	-181.18	-181.18	26.83	4.95	-1.1	-1.1%	6.83	-3.59	-3.59%	-
BENI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BGWT	491	-13.99	-2.77%	0	0.16	113.3	6.45	0.28	9.01	9.01	151.55	10.83	39.64	4.82	60.6	57.76	24.03	6.45	6.53	6.53%	11.28	8.22	8.22%	88.19
BHCL	530.3	+0.32	+0.06%	0	0.15	112.53	2.14	0.16	10.81	10.81	165.44	15.96	51.47	4	41.63	50.05	21.43	2.14	7.51	7.51%	13.6	10.08	10.08%	96.98
BHDC	426.5	-7.2	-1.66%	0.01	0.15	118.32	2.69	1.28	11.79	11.79	177.16	49.43	30.69	3.58	35.88	36.05	11.01	2.69	4.6	4.6%	12.4	10.59	10.59%	97.41
BHL	215.8	-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	26.81	6.47	1.72	3.23	3.23%	12.25	9.91	9.91%	83.13
BHPL	460	-10.01	-2.13%	0	0.08	50.03	1.14	1.86	-0.3	-0.3	-	133.02	-2.63	9.16	-1,527.67	-1,593.33	40.59	1.04	-0.2	-0.2%	8.83	-0.57	-0.57%	-
BJHL	650	-14.89	-2.24%	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	275.9	-3.1	-1.11%	0	0.13	100.59	7.62	0.97	1.49	1.49	58.07	111.02	6.46	2.76	186.58	186.98	12.02	7.62	0.8	0.8%	9.68	2.14	2.14%	97.01
BPCL	673.5	-0.4	-0.06%	0.02	0.1	210.87	7.05	0.09	9.84	9.84	216.07	3.19	41.84	3.17	67.89	67.07	28.41	6.52	4.18	4.18%	5.36	4.69	4.69%	80.94
BUNGAL	522	-15.98	-2.97%	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	354.5	-5.62	-1.56%	0.04	0.1	123.9	25.95	0.04	7.59	7.59	145.46	-	61.66	3.83	62.6	63.82	38.59	24.62	5.98	5.98%	7.15	6.2	6.2%	78.75
CHL	265	-1.01	-0.38%	0	0.13	84.29	2.08	1.03	1.72	1.72	57.11	92.02	7.56	3.04	148.84	154.65	11.25	2.03	1	1%	9.26	3.12	3.12%	101.74
CKHL	581	-24.02	-3.97%	0	0.11	100.19	0.83	1.96	13.25	13.25	172.83	77.7	40.33	6.37	48.15	44.93	19.42	0.83	4.44	4.44%	9.73	13.85	13.85%	100
DHEL	563	-12.02	-2.09%	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	-3.09	-1.11%	0	0.14	8.38	0.23	33.09	5.51	5.51	32.23	-	13.93	32.82	49.91	50.82	6.95	0.23	1.89	1.89%	14.84	93.63	93.63%	100
DOLTI	302.1	-9.79	-3.14%	0	0.1	59.87	1.11	2.2	0.87	0.87	34.23	125.13	4.65	5.31	365.4	351.84	17.08	1.11	0.45	0.45%	9.33	1.48	1.48%	100
DORDI	252.9	-4.11	-1.6%	0.01	0.07	106.3	1.83	0.91	1.42	1.42	58.28	57.15	10.91	2.32	173.94	173.73	18.97	1.81	0.76	0.76%	5.94	1.35	1.35%	106.79
EHPL	331.9	+0.3	+0.09%	0	0.13	76.3	2.47	1.28	3.39	3.39	76.29	69.82	14.32	4.3	96.84	94.75	13.86	2.47	1.93	1.93%	11.58	4.54	4.54%	98
GHL	246	-1.81	-0.73%	0	0.06	95.05	4.74	0.45	-1.33	-1.33	-	154.32	-15.98	2.26	-161.65	-173.68	25.9	4.74	-0.94	-0.94%	3.92	-1.38	-1.38%	-
GLH	260	-3	-1.14%	0	0.1	112.05	0.03	4.81	2.33	2.33	76.64	0.32	3.68	2.17	104.29	108.28	3.84	0.03	0.37	0.37%	0.39	2.09	2.09%	100
GVL	493	-4.98	-1%	0.02	0.14	124.33	1.4	1.52	12.94	12.94	190.26	82.6	29.87	3.86	37.09	37.33	11.09	1.24	4.07	4.07%	8.29	10.94	10.94%	97.08

AVG	395.55	-6.84	-1.55%	0.01	0.1	97	4.91	2.56	2.97	4.32	111.24	77.72	10.58	5.374	-16.21	5.85	23.6	4.83	1.73	2.32%	7.45	5.67	7.45%	94.7
MED	343.5	-5	-1.49%	0	0.1	101.18	1.96	1.17	2.21	3.29	86.82	66.09	13.46	3.845	49.03	60.79	20.425	1.92	1.44	1.92%	7.38	2.83	3.3%	97.25
MAX	690	1.81	0.48%	0.04	0.16	210.87	47.9	33.09	15.06	15.06	216.07	233.82	61.66	32.82	365.4	351.84	56.64	47.9	7.51	7.51%	14.84	93.63	93.63%	109.6
MIN	215.8	-25.03	-3.97%	0	0.04	8.38	0.03	0.04	-17.41	-17.41	32.23	0.32	-89.33	2.17	-1,527.67	-1,593.33	3.84	0.03	-4.43	-4.43%	-0.11	-22.42	-22.42%	78.75