Sagarmatha Jalabidhyut Company Limited

HydroPowerMid Cap

NPR 405.00

NPR +1.1+0.27%

09:14 AM NPT · Sep 11, 2026

Est. 2067-11-05 B.S. (incorporated as a hydropower company; began commercial generation on 2077-03-32) · Head Office: Kathmandu, Nepal (Project Site: Ilam District) · CEO: Gilad Simhony

Sagarmatha Jalabidhyut Company Limited is a Nepali independent power producer (IPP) focused on run-of-river hydropower development, aiming to contribute to Nepal’s renewable energy generation and help alleviate the country’s longstanding energy deficit. The company’s flagship project is the Super Mai A Hydropower Project (on the Mai / Mai-Khola in Ilam District, Eastern Nepal), which has an installed capacity of 9.99 MW (often rounded to 9.6 or ~10 MW depending on licensing) and uses a gross head of about 199.3 m, delivering electricity to the national grid.Super Mai A began commercial generation on Jestha 32, 2077 B.S. (roughly mid-2020), and since then SMJC has operated as a grid-connected hydropower supplier.SMJC went public and its shares started trading on the Nepal Stock Exchange (NEPSE) under the symbol “SMJC” in April 2023.As of late 2025, the company has 11,732,000 issued shares (face value NPR 100), bringing the paid-up capital to NPR 1,173,200,000. Market capitalization hovers in the multi-billion-rupee range, reflecting investor interest in hydropower equity. Recognizing growing demand for electricity and the potential of Nepal’s hydrological resources, SMJC has set ambitious medium-term goals: the company states an objective of delivering over 120 MW of clean hydropower capacity to the national grid in upcoming years. In May 2025, the board approved a proposal for a 100% rights-share issuance (1:1 ratio), which, if fully subscribed, would double the paid-up capital a move indicating plans for expansion, new project development, or debt-equity reinforcement.In the most recent financial quarter (FY 2080/81 Q1), SMJC reported an increase in revenue from electricity sales compared to the previous year: net profit rose by about 15.2%, and operating profit increased 16.3%. These results suggest stabilization of generation and improving operational efficiency though like all run-of-river hydropower firms in Nepal, SMJC remains subject to hydrology risk, seasonal flow variability, and dependence on timely water flow and grid connectivity.Overall, Sagarmatha Jalabidhyut Company represents a newer generation of privately-driven hydropower firms in Nepal: combining project-level hydro-engineering, public listing, and ambitious growth plans offering a blend of renewable-energy deployment and investment opportunity for the public.

sagarmathajbc.com.np/

Trading

Open

396.00

High

409.00

Low

396.00

Prev Close

403.90

Volume

8,309

Turnover

Rs 3,345,860.9

Txns

Valuation · Q4 FY25/26

EPS Ann.

3.78

EPS TTM

3.78

BVPS

109.59

P/E Ann.

107.14

P/E TTM

107.14

Graham #

96.54

Capital

Mkt Cap

4.75 Arab

Total

1.17 Crore

Public

45.75 Lakh

Promoter

71.57 Lakh

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Sell

RSI

Buy

SuperTrend

Strong Buy

Trend Analysis

Direction

NaN

Strength

Moderate

Momentum

RSI (14)

28.38

ADX

23.96

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

422.4

SMA 50

436.82

Bands & Channels

BB Width %

18.9%

Volume & Flow

OBV

5,264,404

Flow Analysis

[ Live 2026-09-11 ]

Total Buy

34,775

Shares Bought

Total Sell

34,775

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 43%

Distribution 57%

Accumulators

Quantity

12,955

Amount

5,205,040

Avg Rate

401.78

Rank

#75

Brokers

#47#3#64

Distributors

Quantity

17,440

Amount

6,981,009

Avg Rate

400.29

Rank

#67

Brokers

#58#62#78

Net Flow Impact:

-4,485units

(Rs. -1,775,969)

Net Flow by Timeframe

SMJC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 55,375 ]

Buy Side

Total: 26,980

Broker

QTY

AVG

NET

4,990

404.10

+4,990

14.3%

4,170

400.52

+4,160

12.0%

3,795

400.11

+2,291

10.9%

2,621

400.03

+2,082

7.5%

1,968

402.17

+1,938

5.7%

1,460

401.06

+474

4.2%

1,423

400.84

+318

4.1%

1,170

401.20

+956

3.4%

1,000

405.00

+1,000

2.9%

983

401.77

+712

2.8%

890

399.87

+711

2.6%

800

400.10

+760

2.3%

800

401.69

+790

2.3%

500

400.00

+239

1.4%

410

403.09

+191

1.2%

Sell Side

Total: 28,395

Broker

QTY

AVG

NET

13,150

400.37

-11,240

37.8%

2,740

400.01

-2,740

7.9%

1,750

402.58

-1,500

5.0%

1,710

400.20

-1,137

4.9%

1,570

401.49

-991

4.5%

1,550

400.11

-1,550

4.5%

1,524

405.00

-74

4.4%

1,010

399.19

-920

2.9%

980

401.21

-416

2.8%

859

405.09

-184

2.5%

400

400.35

-400

1.1%

330

403.62

-230

0.9%

310

405.67

-310

0.9%

292

400.63

-267

0.8%

220

401.77

-220

0.6%

Financial Fundamentals

Financial Metric	FY25/26 Q4	FY24/25 Q4	FY23/24 Q4	FY22/23 Q4	Growth %
Sources of Fund
Equity
Paid up Capital	1,173,200	1,173,200	1,120,000	0	0.00%
Reserves and Surplus	112,501	77,704	106,929	0	+44.78%
Other Equity	0.00	0.00	0.00	0	-
Total Equity	1,285,701	1,250,904	1,226,929	0	+2.78%
Non Current Liabilities
Financial Liabilities	870,929	918,005	1,026,000	0	-5.13%
Other Non Current Liabilities	1,834	1,119	4,291	0	+63.87%
Total Non Current Liabilities	872,763	919,124	1,030,291	0	-5.04%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	1,575,742	1,611,948	1,654,807	0	-2.25%
Capital Work In Progress	0.00	0.00	0.00	0	-
Intangible Assets	0.00	0.00	0.00	0	-
Financial Assets (Investments)	771,092	721,050	583,301	0	+6.94%
Other Non Current Assets	0.00	0.00	0.00	0	-
Total Non Current Assets	2,346,834	2,332,998	2,238,108	0	+0.59%
Current Assets
Receivables	44,491	44,527	44,979	0	-0.08%
Inventories	0.00	0.00	0.00	0	-
Cash and Cash Equivalent	156,991	107,110	21,403	0	+46.57%
Financial Assets	0.00	0.00	0.00	0	-
Other Current Assets	38,344	75,005	9,876	0	-48.88%
Total Current Assets (A)	239,826	226,641	76,258	0	+5.82%
Current Liabilities
Financial Liabilities	870,929	918,005	1,026,000	0	-5.13%
Payables	55,953	98,080	6,307	0	-42.95%
Other Current Liabilities	0.00	0.00	838.64	0	-
Total Current Liabilities (B)	428,196	389,611	57,146	0	+9.90%
Net Current Assets (A-B)	-188,370	-162,970	19,112	0	-15.59%

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)	PEG	P/E (TTM)	P/S	Quick Ratio	ROA (Annualized)	ROA (TTM)%	ROCE	ROE (Annualized)	ROE (TTM)%	Tax Burden
AHL	359	+8.79	+2.51%	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	261	+7.5	+2.96%	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	339.8	+7.7	+2.32%	0.01	0.09	93.69	3.15	0.37	3.18	3.18	81.88	45.61	28.35	3.6	105.97	1.99	109.72	30.06	3.12	2.45	2.45%	7.6	3.45	3.45%	100
AKPL	255	+7.6	+3.07%	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	681	+17	+2.56%	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	334.7	+8.7	+2.67%	0.02	0.12	119.51	0.41	1.05	15.06	15.06	201.24	38.4	54.37	2.68	21.29	0.2	22.24	11.58	0.41	6.48	6.48%	11.25	13.36	13.36%	85.19
APPOLO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BARUN	319	+8.2	+2.64%	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	298.9	+7.89	+2.71%	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	476	+25.11	+5.57%	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	521	-1.99	-0.38%	0	0.15	112.53	2.14	0.16	10.81	10.81	165.44	15.96	51.47	4	41.63	0.34	50.05	21.43	2.14	7.51	7.51%	13.6	10.08	10.08%	96.98
BHDC	417	+5.31	+1.29%	0.01	0.15	118.32	2.69	1.28	11.79	11.79	177.16	49.43	30.69	3.58	35.88	0.3	36.05	11.01	2.69	4.6	4.6%	12.4	10.59	10.59%	97.41
BHL	211.5	+6.7	+3.27%	0.01	0.13	81.22	1.8	1.96	7.72	7.72	118.78	62.35	24.48	2.51	26.42	0.16	26.81	6.47	1.72	3.23	3.23%	12.25	9.91	9.91%	83.13
BHPL	450	+13.11	+3%	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	657	+9.01	+1.39%	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	271.3	+9	+3.43%	0	0.13	100.59	7.62	0.97	1.49	1.49	58.07	111.02	6.46	2.76	186.58	1.48	186.98	12.02	7.62	0.8	0.8%	9.68	2.14	2.14%	97.01
BPCL	642	+3	+0.47%	0.02	0.1	210.87	7.05	0.09	9.84	9.84	216.07	3.19	41.84	3.17	67.89	1.39	67.07	28.41	6.52	4.18	4.18%	5.36	4.69	4.69%	80.94
BUNGAL	520	+5	+0.97%	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	352.1	+6.09	+1.76%	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	257	+9	+3.63%	0	0.13	84.29	2.08	1.03	1.72	1.72	57.11	92.02	7.56	3.04	148.84	1.36	154.65	11.25	2.03	1	1%	9.26	3.12	3.12%	101.74
CKHL	588	0	0%	0	0.11	100.19	0.83	1.96	13.25	13.25	172.83	77.7	40.33	6.37	48.15	0.04	44.93	19.42	0.83	4.44	4.44%	9.73	13.85	13.85%	100
DHEL	556	+12.71	+2.34%	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	274	+5	+1.86%	0	0.14	8.38	0.23	33.09	5.51	5.51	32.23	-	13.93	32.82	49.91	0.12	50.82	6.95	0.23	1.89	1.89%	14.84	93.63	93.63%	100
DOLTI	306	+7	+2.34%	0	0.1	59.87	1.11	2.2	0.87	0.87	34.23	125.13	4.65	5.31	365.4	3.03	351.84	17.08	1.11	0.45	0.45%	9.33	1.48	1.48%	100
DORDI	249	+11	+4.62%	0.01	0.07	106.3	1.83	0.91	1.42	1.42	58.28	57.15	10.91	2.32	173.94	1.22	173.73	18.97	1.81	0.76	0.76%	5.94	1.35	1.35%	106.79
EHPL	316	+2.01	+0.64%	0	0.13	76.3	2.47	1.28	3.39	3.39	76.29	69.82	14.32	4.3	96.84	0.8	94.75	13.86	2.47	1.93	1.93%	11.58	4.54	4.54%	98
GHL	239.9	+4.01	+1.7%	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	255	+6.99	+2.82%	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	484.9	+8.71	+1.83%	0.02	0.14	124.33	1.4	1.52	12.94	12.94	190.26	82.6	29.87	3.86	37.09	2.65	37.33	11.09	1.24	4.07	4.07%	8.29	10.94	10.94%	97.08

AVG	389	7.86	2.29%	0.01	0.1	97	4.91	2.56	2.97	4.32	111.24	77.72	10.58	5.374	-16.21	1.077	5.85	23.6	4.83	1.73	2.32%	7.45	5.67	7.45%	94.7
MED	337.25	7.65	2.43%	0	0.1	101.18	1.96	1.17	2.21	3.29	86.82	66.09	13.46	3.845	49.03	1.01	60.79	20.425	1.92	1.44	1.92%	7.38	2.83	3.3%	97.25
MAX	681	25.11	5.57%	0.04	0.16	210.87	47.9	33.09	15.06	15.06	216.07	233.82	61.66	32.82	365.4	3.03	351.84	56.64	47.9	7.51	7.51%	14.84	93.63	93.63%	109.6
MIN	211.5	-1.99	-0.38%	0	0.04	8.38	0.03	0.04	-17.41	-17.41	32.23	0.32	-89.33	2.17	-1,527.67	0.04	-1,593.33	3.84	0.03	-4.43	-4.43%	-0.11	-22.42	-22.42%	78.75