Three Star Hydropower Limited

HydroPowerLow Cap

NPR 475.00

NPR 00.00%

09:14 AM NPT · Jun 26, 2026

Est. 2072-11-07 B.S. (incorporated as a private company; later converted to public limited and listed on NEPSE on 2080-04-23) · Khotang District (Corporate operations managed from Kathmandu, Nepal) · CEO: Mr. Uddhav Raj Shiwakoti

Three Star Hydropower Limited is a publicly-listed Nepali hydropower company that seeks to harness Nepal’s river resources via small to mid-scale run-of-river hydroelectric projects. Its main project, the Sapsup Khola Small Hydroelectric Project, harnesses the flow of Sapsup Khola in Khotang district and has an installed capacity of 6.6 MW (or 7.151 MW depending on licence data). The project includes headworks, a headrace tunnel, powerhouse and a 3 km 33 kV transmission line to evacuate power to the national grid. TSHL was originally incorporated in 2015 as a private-limited company and later converted to a public-limited company. It went public and got listed on the Nepal Stock Exchange (NEPSE) on 10 August 2023. The firm currently has 4,925,000 shares listed (face value NPR 100) and a paid-up capital of NPR 492,500,000. As of late 2025, TSHL’s market capitalization is several billions of Nepali rupees, indicating significant investor interest in the hydropower segment even for relatively small-scale plants.Like many run-of-river hydropower firms, TSHL faces ups and downs due to hydrology (seasonal flow variation), but its modest size gives it flexibility. Recent reporting shows that in Q4 of FY 2024/25, the company generated revenue of around NPR 150.62 million and nearly broke even — a sign of stabilization after prior years of losses or fluctuations. The board of directors has also recently proposed a 100% right-share issuance (1:1 ratio) to raise funds: part of the proceeds intended to repay debt from project construction, and another part to invest in a new 9 MW project (Upper Bhurundi A Hydropower). All told, Three Star Hydropower Limited represents the profile of a Nepal-based small/mid-scale independent power producer (IPP) that has moved from private development to public-market listing combining local hydro potential with public-shareholder financing. For investors and stakeholders, TSHL offers exposure to Nepal’s hydropower growth but also brings hydrology risk, generation variability, and project-sizing constraints common to small hydropower firms.

Trading

Open

480.00

High

489.20

Low

473.00

Prev Close

475.00

Volume

3,754

Turnover

Rs 1,801,485.6

Txns

0

Valuation · Q3 FY25/26

EPS Ann.

-9.18

EPS TTM

-6.17

BVPS

60.99

P/E Ann.

-51.74

P/E TTM

-76.99

Graham #

N/A

Capital

Mkt Cap

2.34 Arab

Total

49.25 Lakh

Public

7.39 Lakh

Promoter

41.86 Lakh

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Sell

RSI

Strong Buy

SuperTrend

Strong Sell

Trend Analysis

Direction

Uptrend

Strength

Moderate

Momentum

RSI (14)

23.16

ADX

23.02

Overall Score

31
Below Line

Technical Score

Moving Averages

SMA 20

533.27

SMA 50

578.9

Bands & Channels

BB Width %

20.3%

Volume & Flow

OBV

1,308,242

Flow Analysis

[ Live 2026-06-26 ]

Total Buy

15,506

Shares Bought

Total Sell

15,506

Shares Sold

Net Flow

0

Net Accumulation

Active Brokers

51

Participating

ACCUM/DIST

Accumulation 59%

Distribution 41%

Accumulators

3

Quantity

7,412

Amount

3,675,541

Avg Rate

495.89

Rank

#85

Brokers

#58#57#6

Distributors

3

Quantity

5,125

Amount

2,525,922

Avg Rate

492.86

Rank

#93

Brokers

#42#81#4

Net Flow Impact:

+2,287units
(Rs. 1,149,619)

Net Flow by Timeframe

TSHL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 22,783 ]

Buy Side

Total: 11,753

Broker

QTY

AVG

NET

%

58

3,985

492.50

+3,078

25.7%

57

2,377

501.23

+1,472

15.3%

44

1,138

502.27

+458

7.3%

6

1,050

496.65

+980

6.8%

49

574

484.79

+231

3.7%

17

500

501.00

+270

3.2%

22

445

489.06

+435

2.9%

26

300

510.00

+245

1.9%

45

292

506.41

+217

1.9%

74

250

475.00

+25

1.6%

11

240

475.00

+230

1.6%

16

210

481.48

+110

1.4%

50

180

496.67

+180

1.2%

48

112

525.22

+20

0.7%

19

100

481.00

+100

0.6%

Sell Side

Total: 11,030

Broker

QTY

AVG

NET

%

42

2,736

495.38

-2,327

17.6%

34

1,400

489.13

-400

9.0%

81

1,389

500.70

-1,389

9.0%

4

1,000

475.09

-706

6.5%

51

784

483.27

-696

5.1%

39

680

506.51

-680

4.4%

14

595

509.84

-555

3.8%

65

540

481.91

-69

3.5%

38

514

479.94

-393

3.3%

29

310

480.54

-310

2.0%

35

262

486.82

-152

1.7%

13

227

503.44

-227

1.5%

52

210

534.76

-108

1.4%

33

200

530.00

-65

1.3%

7

183

501.04

-83

1.2%

Financial Fundamentals

Financial MetricFY25/26 Q3FY24/25 Q3FY23/24 Q3FY22/23 Q3Growth %
Sources of Fund
Equity
Paid up Capital492,500492,500492,50000.00%
Reserves and Surplus-192,134-158,916-117,1800-20.90%
Other Equity0.000.000.000-
Total Equity300,366333,584375,3200-9.96%
Non Current Liabilities
Financial Liabilities885,690918,235912,1000-3.54%
Other Non Current Liabilities0.000.000.000-
Total Non Current Liabilities885,690918,235912,1000-3.54%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)1,9092,0952,5910-8.86%
Capital Work In Progress0.000.000.000-
Intangible Assets1,309,6521,331,2291,325,1740-1.62%
Financial Assets (Investments)0.000.000.000-
Other Non Current Assets0.000.000.000-
Total Non Current Assets1,311,5611,333,3231,327,7640-1.63%
Current Assets
Receivables36,65424,13065,4490+51.90%
Inventories0.000.000.000-
Cash and Cash Equivalent74.76464.76481.990-83.91%
Financial Assets0.000.000.000-
Other Current Assets0.000.000.000-
Total Current Assets (A)36,72924,59565,9310+49.33%
Current Liabilities
Financial Liabilities885,690918,235912,1000-3.54%
Payables162,234106,100105,7040+52.91%
Other Current Liabilities0.000.00572.120-
Total Current Liabilities (B)162,234106,100106,2760+52.91%
Net Current Assets (A-B)-125,505-81,505-40,3450-53.99%

Sector Peers — HydroPower (30)

Peer Comparison

HydroPower SECTOR — NEPAL

2025/2026 Q3

NPR/Millions

Statement

Highlight

TICKERMarket
Key Ratios
PriceChgChg%Mkt Cap (M)Asset TurnoverBook Value Per ShareCurrent RatioDebt to EquityEPS (Annualized)EPS (TTM)Interest CoverageNet Profit MarginP/BP/E (Annualized)P/E (TTM)P/SQuick RatioROA (Annualized)ROA (TTM)%ROCEROE (Annualized)ROE (TTM)%

AHL

468.6-1.41-0.3%00.0571.360.244.27-19.31-13.75--94.7510.28-28.49-36.1148.010.24-5.08-3.62%2.52-24.52-17.46%

AHPC

264.3-0.8-0.3%0.010.07110.7140.790.074.415.947.5358.343.565.8346.6368.2740.793.85.12%6.714.095.52%

AKJCL

362.6-4.11-1.12%0.010.0992.422.950.382.562.2847.6522.225.79156.88181.1462.122.951.961.75%7.442.82.5%

AKPL

256.8-1.11-0.43%0.010.1103.420.870.854.927.2355.1228.853.5856.536.9328.980.872.84.12%9.414.927.24%

APHL

875-25.02-2.78%0------------------

API

336.9+0.91+0.27%0.020.12115.320.261.1913.7611.4829.3650.484.0325.3130.3122.70.265.894.91%13.7312.5110.44%

APPOLO

----------------------

BARUN

325-4.01-1.22%00.08107.7212.050.232.012.9645.6622.494.58184.03114.8673.512.051.852.73%5.242.483.66%

BEDC

342.5-4.41-1.27%00.0847.883.662.22-0.12-2.01119.74-1.0212.92-3,866.67-179.668.063.66-0.07-1.29%7.13-0.25-4.1%

BENI

----------------------

BGWT

598.9+18.91+3.26%00.19112.6713.690.2911.1611.99.2343.938.9167.4755.1352.713.698.158.69%12.9210.3911.08%

BHCL

558.7+6.68+1.21%0.010.15109.645.10.2910.4311.1117.651.486.7753.453.4748.865.17.928.44%12.451313.85%

BHDC

444-3.99-0.89%0.010.16117.432.911.0913.229.4246.5133.325.5536.9749.1521.892.915.393.84%13.4311.898.46%

BHL

210.2-0.8-0.38%0.010.1479.952.551.978.594.665.2126.823.8526.9-12.822.533.641.95%13.1710.995.88%

BHPL

505.5-3-0.59%00.0850.031.431.97-0.59-3.5182.17-4.6114.92-948.98-156.7478.421.25-0.39-2.31%7.73-1.11-6.64%

BJHL

825-14.01-1.67%0.010.0988.8248.251.06-3.26-297.83-19.6818.61-380.37-133.2348.25-1.77-6.48-3.67-

BNHC

315.1-2.99-0.94%00.1584.30.62.947.780.05101.7915.945.5845.376,67612.860.62.310.01%13.599.290.05%

BPCL

654.9+4.88+0.75%0.020.11210.336.810.0911.719.243.4348.064.5361.0573.5852.176.455.053.99%6.515.64.42%

BUNGAL

662+4.01+0.61%0.010.1184.680.23.26-0.79---2.069.68-778.48-28.760.2-0.21-5.6-0.92-

CHCL

477-1.29-0.27%0.050.0912122.010.046.426.63-55.485.4677.1774.7276.121.295.135.3%6.715.355.52%

CHL

265-2-0.75%00.1485.092.221.033.251.2185.5713.544.6992240.522.122.171.890.7%10.455.82.16%

CKHL

620-5-0.8%00.1190.170.422.234.30.6575.5412.7510.56166.051,023.0837.640.421.440.21%10.274.630.69%

DHEL

595+3.02+0.51%0.010.04128.020.71.31-4.33-284.93-38.816.74-149.42-103.070.7-1.47-3.75-3.37-

DHPL

285+1.7+0.6%00.135.060.1555.112.921.06100.657.8682.71107.5284.9115.020.1510.36%13.7660.9622.15%

DOLTI

346-4.91-1.4%00.158.540.942.250.83-2.27118.774.2710.91577.11-154.1943.890.940.43-1.18%9.41.39-3.79%

DORDI

248-3.01-1.2%0.010.08105.55.60.680.83-0.8871.376.373.72354.22-311.1440.165.440.51-0.53%6.241.12-1.19%

EHPL

381.7-1.3-0.34%00.1477.732.591.276.424.3754.0825.27.2465.7388.7629.442.593.612.45%13.168.485.77%

GHL

222-1.79-0.8%00.0695.0720.910.44-2.15-2.14256.14-28.163.62-120-109.8160.0320.91-1.55-1.54%3.37-2.24-2.23%

GLH

252.6+0.6+0.24%00.09111.360.024.662.182.610.394.093.36128.9101.539.380.020.360.43%0.361.972.37%

GVL

477.6-0.38-0.08%0.020.16125.771.951.519.1814.8558.6238.155.326.073317.691.645.974.63%10.1516.1212.49%
AVG434.85-1.59-0.36%0.010.10895.937.43.433.943.4688.9514.099.903-144.37357.22246.9597.342.172.05%8.585.843.7%
MED372.15-1.36-0.41%00.195.072.551.193.252.7961.9115.945.5856.553.4743.892.531.891.85%7.734.634.04%
MAX87518.913.26%0.050.19210.3348.2555.1119.1814.85297.8358.3482.71577.116,676133.2348.258.158.69%13.7660.9622.15%
MIN210.2-25.02-2.78%00.045.060.020.04-19.31-13.750.39-94.753.36-3,866.67-311.149.380.02-5.08-3.62%0.36-24.52-17.46%

30

securities loaded

Best in class

Laggard

AVG

Average

MED

Median

MAX

Maximum

MIN

Minimum