Sagarmatha Jalabidhyut Company Limited

HydroPowerMid Cap

NPR 422.00

NPR +3+0.72%

09:14 AM NPT · Nov 6, 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

420.00

High

426.00

Low

416.00

Prev Close

419.00

Volume

11,752

Turnover

Rs 4,953,203.6

Txns

Valuation · Q4 FY25/26

EPS Ann.

3.78

EPS TTM

3.78

BVPS

109.59

P/E Ann.

111.64

P/E TTM

111.64

Graham #

96.54

Capital

Mkt Cap

4.95 Arab

Total

1.17 Crore

Public

1.17 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Sell

RSI

Neutral

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Very Strong

Momentum

RSI (14)

49.29

ADX

56.11

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

421.43

SMA 50

418.83

Bands & Channels

BB Width %

18.56%

Volume & Flow

OBV

5,240,848

Flow Analysis

[ Live 2026-11-06 ]

Total Buy

119,079

Shares Bought

Total Sell

119,079

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 35%

Distribution 65%

Accumulators

Quantity

28,155

Amount

11,983,614

Avg Rate

425.63

Rank

#54

Brokers

#67#34#38#16#57

Distributors

Quantity

52,539

Amount

22,388,281

Avg Rate

426.13

Rank

#37

Brokers

#58#19#1

Net Flow Impact:

-24,384units

(Rs. -10,404,667)

Net Flow by Timeframe

SMJC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 150,215 ]

Buy Side

Total: 67,266

Broker

QTY

AVG

NET

7,422

427.36

+2,808

6.2%

7,089

422.42

+6,589

6.0%

6,784

429.23

+5,323

5.7%

6,751

424.78

+2,919

5.7%

5,858

422.73

+294

4.9%

5,367

425.71

+4,329

4.5%

5,331

427.61

+3,016

4.5%

4,190

426.16

+1,853

3.5%

3,870

427.80

+2,720

3.3%

3,584

422.10

+3,564

3.0%

2,550

425.34

+1,540

2.1%

2,212

424.30

+739

1.9%

2,170

425.98

+758

1.8%

2,086

426.13

+2,086

1.8%

2,002

423.62

+1,862

1.7%

Sell Side

Total: 82,949

Broker

QTY

AVG

NET

42,914

426.71

-33,806

36.0%

6,305

423.27

-5,963

5.3%

4,011

417.70

-2,012

3.4%

3,840

424.39

-2,876

3.2%

3,440

419.60

-1,340

2.9%

3,320

424.02

-2,900

2.8%

3,141

424.98

-2,064

2.6%

3,122

427.50

-582

2.6%

2,693

433.95

-1,162

2.3%

2,296

421.68

-1,452

1.9%

2,060

422.80

-460

1.7%

1,647

422.65

-795

1.4%

1,610

421.44

-110

1.4%

1,550

427.79

-899

1.3%

1,000

423.46

-200

0.8%

Financial Fundamentals

Financial Metric	FY25/26 Q4	FY24/25 Q4	FY23/24 Q4	FY22/23 Q4	Growth %
Sources of Fund
Equity
Paid up Capital	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	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	2.05	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	0.2	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	0.34	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	0.31	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	0.16	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	1.49	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	1.46	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	1.37	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	0.04	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	0.12	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	3.06	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	1.3	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	0.83	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	2.71	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	1.103	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	1.065	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	3.06	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	0.04	-1,566.67	3.84	0.03	-4.43	-4.43%	-0.11	-22.42	-22.42%	78.75