Sanima Mai Hydropower Ltd.

HydroPowerHigh Cap

NPR 491.20

NPR -4.7-0.95%

09:14 AM NPT · Jun 29, 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

495.00

High

499.00

Low

489.00

Prev Close

495.90

Volume

28,983

Turnover

Rs 14,240,491.2

Txns

Valuation · Q3 FY25/26

EPS Ann.

4.83

EPS TTM

4.88

BVPS

133.39

P/E Ann.

101.70

P/E TTM

100.66

Graham #

120.40

Capital

Mkt Cap

18.36 Arab

Total

3.74 Crore

Public

3.74 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Sell

RSI

Strong Buy

SuperTrend

Strong Sell

Trend Analysis

Direction

Downtrend

Strength

Weak

Momentum

RSI (14)

15.98

ADX

18.44

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

506.72

SMA 50

513.83

Bands & Channels

BB Width %

6.24%

Volume & Flow

OBV

12,651,122

Flow Analysis

[ Live 2026-06-29 ]

Total Buy

147,618

Shares Bought

Total Sell

147,618

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 38%

Distribution 62%

Accumulators

Quantity

36,877

Amount

18,327,437

Avg Rate

496.99

Rank

#30

Brokers

#92#4#58#70#32

Distributors

Quantity

61,059

Amount

30,338,783

Avg Rate

496.88

Rank

#21

Brokers

#60#48#33#82

Net Flow Impact:

-24,182units

(Rs. -12,011,346)

Net Flow by Timeframe

SHPC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 176,861 ]

Buy Side

Total: 67,485

Broker

QTY

AVG

NET

11,889

494.97

+6,575

8.1%

7,497

500.14

+6,627

5.1%

7,450

498.15

+7,450

5.0%

5,650

496.85

+5,130

3.8%

4,391

495.29

+4,245

3.0%

4,214

494.25

+3,008

2.9%

4,170

497.36

+4,010

2.8%

3,989

493.63

+1,669

2.7%

3,898

496.47

+598

2.6%

3,539

496.28

+1,719

2.4%

2,404

495.71

+1,185

1.6%

2,160

496.41

+1,700

1.5%

2,147

496.81

+662

1.4%

2,087

495.56

+1,727

1.4%

2,000

493.10

+2,000

1.4%

Sell Side

Total: 109,376

Broker

QTY

AVG

NET

21,413

501.07

-8,616

14.5%

15,590

496.71

-4,090

10.6%

12,430

490.58

-12,000

8.4%

11,626

496.11

-11,077

7.9%

9,264

493.86

-3,063

6.3%

6,913

495.50

-3,201

4.7%

6,715

496.88

-2,838

4.5%

5,150

495.91

-3,860

3.5%

4,230

492.28

-726

2.9%

3,200

497.55

-3,180

2.2%

3,100

498.71

-1,980

2.1%

2,916

493.19

-845

2.0%

2,714

499.13

-953

1.8%

2,115

495.35

-1,525

1.4%

2,000

502.53

-2,000

1.4%

Financial Fundamentals

Financial Metric	FY25/26 Q3	FY24/25 Q3	FY23/24 Q3	FY22/23 Q3	Growth %
Sources of Fund
Equity
Paid up Capital	3,737,994	3,737,994	3,398,176	0	0.00%
Reserves and Surplus	1,238,599	1,016,264	2,218,020	0	+21.88%
Other Equity	9,564	1,706,990	0	0	-99.44%
Total Equity	4,986,157	6,461,247	5,616,196	0	-22.83%
Non Current Liabilities
Financial Liabilities	121,975	582,490	995,814	0	-79.06%
Other Non Current Liabilities	3,222	2,698	10,217	0	+19.39%
Total Non Current Liabilities	125,197	585,188	1,006,031	0	-78.61%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	22,022	12,195	10,485	0	+80.58%
Capital Work In Progress	0.00	1956.55	0.00	0	-100.00%
Intangible Assets	2,975,889	3,034,782	3,187,488	0	-1.94%
Financial Assets (Investments)	1,838,009	3,980,748	2,698,116	0	-53.83%
Other Non Current Assets	0.00	0.00	0.00	0	-
Total Non Current Assets	4,835,920	7,029,681	5,896,089	0	-31.21%
Current Assets
Receivables	0.00	0.00	0.00	0	-
Inventories	31,497	27,187	24,295	0	+15.85%
Cash and Cash Equivalent	128,647	133,809	542,877	0	-3.86%
Financial Assets	402,742	536,424	622,469	0	-24.92%
Other Current Assets	19,203	9,948	21,629	0	+93.03%
Total Current Assets (A)	582,088	707,368	1,211,269	0	-17.71%
Current Liabilities
Financial Liabilities	121,975	582,490	995,814	0	-79.06%
Payables	0.00	0.00	0.00	0	-
Other Current Liabilities	21,713	571,664	379,679	0	-96.20%
Total Current Liabilities (B)	306,654	690,614	485,131	0	-55.60%
Net Current Assets (A-B)	275,434	16,754	726,138	0	+1544.02%

Sector Peers — HydroPower (30)

Peer Comparison

HydroPower SECTOR — NEPAL

2025/2026 Q3

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	448	-20.62	-4.4%	0	0.05	71.36	0.24	4.27	-19.31	-13.75	-	-	-94.75	10.28	-28.49	-36.11	48.01	0.24	-5.08	-3.62%	2.52	-24.52	-17.46%	-
AHPC	262.2	-2.09	-0.79%	0.01	0.07	110.71	40.79	0.07	4.41	5.94	121.64	7.53	58.34	3.5	65.83	46.63	68.27	40.79	3.8	5.12%	6.71	4.09	5.52%	90.05
AKJCL	357.9	-4.71	-1.3%	0.01	0.09	92.42	2.95	0.38	2.56	2.28	68.86	47.65	22.22	5.79	156.88	181.14	62.12	2.95	1.96	1.75%	7.44	2.8	2.5%	100
AKPL	254.1	-2.7	-1.05%	0.01	0.1	103.42	0.87	0.85	4.92	7.23	129.71	55.12	28.85	3.58	56.5	36.93	28.98	0.87	2.8	4.12%	9.41	4.92	7.24%	97.9
APHL	855	-20.04	-2.29%	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
API	332.5	-4.41	-1.31%	0.02	0.12	115.32	0.26	1.19	13.76	11.48	172.59	29.36	50.48	4.03	25.31	30.31	22.7	0.26	5.89	4.91%	13.73	12.51	10.44%	85.97
APPOLO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BARUN	319	-6.01	-1.85%	0	0.08	107.72	12.05	0.23	2.01	2.96	84.7	45.66	22.49	4.58	184.03	114.86	73.5	12.05	1.85	2.73%	5.24	2.48	3.66%	100
BEDC	331.4	-11.1	-3.24%	0	0.08	47.88	3.66	2.22	-0.12	-2.01	-	119.74	-1.02	12.92	-3,866.67	-179.6	68.06	3.66	-0.07	-1.29%	7.13	-0.25	-4.1%	-
BENI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BGWT	604	+5.09	+0.85%	0	0.19	112.67	13.69	0.29	11.16	11.9	173.69	9.23	43.93	8.91	67.47	55.13	52.7	13.69	8.15	8.69%	12.92	10.39	11.08%	88.19
BHCL	545	-13.69	-2.45%	0.01	0.15	109.64	5.1	0.29	10.43	11.11	165.55	17.6	51.48	6.77	53.4	53.47	48.86	5.1	7.92	8.44%	12.45	13	13.85%	97.02
BHDC	440	-4	-0.9%	0.01	0.16	117.43	2.91	1.09	13.22	9.42	157.76	46.51	33.32	5.55	36.97	49.15	21.89	2.91	5.39	3.84%	13.43	11.89	8.46%	99.99
BHL	207.5	-2.69	-1.28%	0.01	0.14	79.95	2.55	1.97	8.59	4.6	90.97	65.21	26.82	3.85	26.9	-	12.82	2.53	3.64	1.95%	13.17	10.99	5.88%	85.68
BHPL	505	-0.51	-0.1%	0	0.08	50.03	1.43	1.97	-0.59	-3.5	-	182.17	-4.61	14.92	-948.98	-156.74	78.42	1.25	-0.39	-2.31%	7.73	-1.11	-6.64%	-
BJHL	818	-7.01	-0.85%	0.01	0.09	88.82	48.25	1.06	-3.26	-	-	297.83	-19.68	18.61	-380.37	-	133.23	48.25	-1.77	-	6.48	-3.67	-	-
BNHC	313	-2.11	-0.67%	0	0.15	84.3	0.6	2.94	7.78	0.05	9.74	101.79	15.94	5.58	45.37	6,676	12.86	0.6	2.31	0.01%	13.59	9.29	0.05%	100
BPCL	642	-12.9	-1.97%	0.02	0.11	210.33	6.81	0.09	11.71	9.24	209.11	3.43	48.06	4.53	61.05	73.58	52.17	6.45	5.05	3.99%	6.51	5.6	4.42%	81.76
BUNGAL	671.5	+9.53	+1.44%	0.01	0.11	84.68	0.2	3.26	-0.79	-	-	-	-2.06	9.68	-778.48	-	28.76	0.2	-0.21	-	5.6	-0.92	-	-
CHCL	476	-1	-0.21%	0.05	0.09	121	22.01	0.04	6.42	6.63	134.35	-	55.48	5.46	77.17	74.72	76.1	21.29	5.13	5.3%	6.71	5.35	5.52%	72.57
CHL	260.9	-4.11	-1.55%	0	0.14	85.09	2.22	1.03	3.25	1.21	48.13	85.57	13.54	4.69	92	240.5	22.12	2.17	1.89	0.7%	10.45	5.8	2.16%	100.94
CKHL	600	-20.03	-3.23%	0	0.11	90.17	0.42	2.23	4.3	0.65	36.31	75.54	12.75	10.56	166.05	1,023.08	37.64	0.42	1.44	0.21%	10.27	4.63	0.69%	100
DHEL	582	-12.97	-2.18%	0.01	0.04	128.02	0.7	1.31	-4.33	-	-	284.93	-38.81	6.74	-149.42	-	103.07	0.7	-1.47	-	3.75	-3.37	-	-
DHPL	281.5	-3.51	-1.23%	0	0.13	5.06	0.15	55.11	2.92	1.06	10.99	100.65	7.86	82.71	107.5	284.91	15.02	0.15	1	0.36%	13.76	60.96	22.15%	100
DOLTI	336	-10	-2.89%	0	0.1	58.54	0.94	2.25	0.83	-2.27	-	118.77	4.27	10.91	577.11	-154.19	43.89	0.94	0.43	-1.18%	9.4	1.39	-3.79%	100
DORDI	246	-2.01	-0.81%	0.01	0.08	105.5	5.6	0.68	0.83	-0.88	-	71.37	6.37	3.72	354.22	-311.14	40.16	5.44	0.51	-0.53%	6.24	1.12	-1.19%	101.05
EHPL	378	-3.7	-0.97%	0	0.14	77.73	2.59	1.27	6.42	4.37	87.42	54.08	25.2	7.24	65.73	88.76	29.44	2.59	3.61	2.45%	13.16	8.48	5.77%	97.99
GHL	222	0	0%	0	0.06	95.07	20.91	0.44	-2.15	-2.14	-	256.14	-28.16	3.62	-120	-109.81	60.03	20.91	-1.55	-1.54%	3.37	-2.24	-2.23%	-
GLH	251	-1.59	-0.63%	0	0.09	111.36	0.02	4.66	2.18	2.61	80.87	0.39	4.09	3.36	128.9	101.53	9.38	0.02	0.36	0.43%	0.36	1.97	2.37%	100
GVL	470	-7.59	-1.59%	0.02	0.16	125.77	1.95	1.5	19.18	14.85	204.99	58.62	38.15	5.3	26.07	33	17.69	1.64	5.97	4.63%	10.15	16.12	12.49%	100

AVG	428.91	-5.95	-1.34%	0.01	0.108	95.93	7.4	3.43	3.94	3.46	110.41	88.95	14.09	9.903	-144.37	357.222	46.959	7.34	2.17	2.05%	8.58	5.84	3.7%	94.96
MED	367.95	-4.05	-1.26%	0	0.1	95.07	2.55	1.19	3.25	2.79	106.31	61.91	15.94	5.58	56.5	53.47	43.89	2.53	1.89	1.85%	7.73	4.63	4.04%	100
MAX	855	9.53	1.44%	0.05	0.19	210.33	48.25	55.11	19.18	14.85	209.11	297.83	58.34	82.71	577.11	6,676	133.23	48.25	8.15	8.69%	13.76	60.96	22.15%	101.05
MIN	207.5	-20.62	-4.4%	0	0.04	5.06	0.02	0.04	-19.31	-13.75	9.74	0.39	-94.75	3.36	-3,866.67	-311.14	9.38	0.02	-5.08	-3.62%	0.36	-24.52	-17.46%	72.57