Trishuli Jal Vidhyut Company Limited

HydroPowerHigh Cap

NPR 511.30

NPR -13.7-2.61%

09:14 AM NPT · May 14, 2026

Est. 2068-01-28 B.S. (incorporated as a joint venture of NEA and Nepal Doorsanchar Company Limited) · Sundhara (NEA Complex), Kathmandu, Nepal · CEO: Mohan Gautam

Trishuli Jal Vidhyut Company Limited is a Nepali hydropower company established in 2068 B.S. (May 11, 2011) under the Companies Act. The company was created with the aim of harnessing Nepal’s hydroelectric potential, and it is a joint-venture involving the Nepal Electricity Authority (NEA) and Nepal Doorsanchar Company Limited (NDCL). Its cornerstone undertaking is the Upper Trishuli 3B Hydroelectric Project a 37 MW run-of-river cascade project spanning parts of Nuwakot and Rasuwa districts in Bagmati Province. This project was designed to capitalize on tail-race water from upstream plants and aims to contribute to Nepal’s growing electricity supply, helping address existing power demand and shortage. Financially and on the stock market front, TVCL went public recently its shares (symbol “TVCL”) are listed on the Nepal Stock Exchange (NEPSE). As of the latest data, the company has 18,525,000 outstanding shares, with a total paid-up capital of NPR 1,852,500,000. The market has reacted: share price volatility has been seen the 52-week high was NPR 697 and low NPR 386. TVCL uses a typical hydropower financing model: the capital structure for its project is a 70:30 debt-to-equity ratio, with debt led by a consortium of banks (including Nabil Bank Limited and Hydroelectric Investment & Development Company Limited – HIDCL), and equity contributed by NEA, NDCL, local levels of Nuwakot & Rasuwa, local residents, and the general public. As of recent reports (late 2025), TVCL has published its quarterly and annual financial statements. However like many hydropower-listed firms in Nepal the company’s performance and risk remain closely tied to hydrology (water-flow variability, seasonality), timely project execution, and fulfillment of long-term Power Purchase Agreements (PPAs), which can affect revenue stability.

Trading

Open

510.00

High

522.00

Low

510.00

Prev Close

525.00

Volume

1,561

Turnover

Rs 804,881.4

Txns

32

Valuation · Q2 FY25/26

EPS Ann.

-6.99

EPS TTM

-4.74

BVPS

79.98

P/E Ann.

-73.15

P/E TTM

-107.87

Graham #

N/A

Capital

Mkt Cap

9.15 Arab

Total

1.79 Crore

Public

26.84 Lakh

Promoter

1.52 Crore

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Buy

RSI

Buy

SuperTrend

Strong Sell

Trend Analysis

Direction

Uptrend

Strength

Weak

Momentum

RSI (14)

36.52

ADX

14.57

Overall Score

30
Below Line

Technical Score

Moving Averages

SMA 20

540.21

SMA 50

578.53

Bands & Channels

BB Width %

22.26%

Volume & Flow

OBV

1,257,960

Flow Analysis

[ Live 2026-05-14 ]

Total Buy

26,062

Shares Bought

Total Sell

26,062

Shares Sold

Net Flow

0

Net Accumulation

Active Brokers

65

Participating

ACCUM/DIST

Accumulation 46%

Distribution 54%

Accumulators

3

Quantity

5,560

Amount

2,972,471

Avg Rate

534.62

Rank

#82

Brokers

#36#99#50

Distributors

4

Quantity

6,558

Amount

3,429,911

Avg Rate

523.01

Rank

#82

Brokers

#92#28#40#62

Net Flow Impact:

-998units
(Rs. -457,440)

Net Flow by Timeframe

TVCL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 32,978 ]

Buy Side

Total: 11,761

Broker

QTY

AVG

NET

%

36

3,310

544.80

+3,270

12.7%

99

1,200

518.35

+990

4.6%

50

1,050

521.11

+968

4.0%

57

960

513.75

+740

3.7%

49

833

531.87

+504

3.2%

81

810

518.82

+810

3.1%

17

787

535.51

+407

3.0%

45

615

529.65

+135

2.4%

52

510

520.94

+410

2.0%

65

500

530.00

+490

1.9%

26

300

505.73

+230

1.1%

25

286

548.09

+236

1.1%

13

250

523.66

+220

1.0%

20

200

533.10

+200

0.8%

6

150

512.73

+100

0.6%

Sell Side

Total: 21,217

Broker

QTY

AVG

NET

%

14

8,492

534.93

-30

32.6%

28

2,159

531.32

-1,779

8.3%

92

2,010

506.89

-2,010

7.7%

40

1,500

518.74

-1,300

5.8%

51

1,280

508.92

-680

4.9%

58

1,122

542.87

-312

4.3%

62

889

546.49

-889

3.4%

71

700

507.83

-130

2.7%

74

700

523.57

-200

2.7%

42

610

516.93

-475

2.3%

22

495

547.37

-125

1.9%

39

410

540.78

-218

1.6%

44

300

560.00

-102

1.1%

67

300

510.00

-300

1.1%

59

250

513.76

-250

1.0%

Sector Peers — HydroPower (30)

Peer Comparison

HydroPower SECTOR — NEPAL

2025/2026 Q2

NPR/Millions

Statement

Highlight

TICKERMarket
Key Ratios
PriceChgChg%Mkt Cap (M)Asset TurnoverBVPSC/D Ratio%EPS (Annu.)EPS (TTM)Graham's No.Int. Rate Spread%NIM%NPL%NPM%P/BP/E (Annu.)PEGP/E (Latest)P/E (TTM)P/SROA (Annu.)%ROA (TTM)%ROE (Annu.)%ROE (TTM)%

AHL

510-55.97-9.89%-0.0877.34--17-13.71--0%--55.62%13.97-31.780-31.79-39.4270.72-4.44%-3.59%-20.06%-16.18%

AHPC

278-1-0.36%-0.07115.64-5.29.2154.72-0%-57.82%4.4449.42053.0629.99114.224.26%7.54%4.68%8.31%

AKJCL

352.4-2.59-0.73%-0.192.82-4.633.4384.64-0%-34.41%4.3543.610.5580.56108.7560.093.54%2.63%5.08%3.76%

AKPL

266-3.01-1.12%-0.11103.69-7.936.82126.14-0%-40.28%4.7831.270.2133.4238.8650.414.5%3.88%7.9%6.8%

API

348+4.19+1.22%-0.14117.58-14.038.92153.62-0%-44.43%4.9220.630.5721.0333.0736.666.04%3.84%12.36%7.87%

APPOLO

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

BARUN

346+1.1+0.32%-0.1113.42-4.051.3658.91-0%-34.64%5.6679.26085.48254.56109.933.5%1.18%4.7%1.58%

BEDC

361.9+1.69+0.47%-0.148.52-1.08-3.86--0%-7.21%21.85490.743.25483.33-135.23141.330.68%-2.46%2.14%-7.63%

BENI

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

BGWT

679+9.97+1.49%-0.2108.91-9.2212.28173.47-0%-38.32%14.2384.060.8882.4361.89128.957.5%9.99%8.9%11.87%

BHCL

505.2-3.72-0.73%-0.13103.77-7.81---0%-42.7%15.4251.22051.950350.115.72%-7.52%-

BHDC

456-7.18-1.55%-0.19123-19.838.09149.63-0%-40.35%7.7123.90.8524.159.0938.577.6%3.1%16.9%6.89%

BHL

221.5-1-0.45%-0.1480.85-12.480.4327.97-0%-35.8%4.4414.3800020.65.12%0.17%17%0.58%

BHPL

519.5-2.51-0.48%-0.1151.12-1.86-2.32--0%-11.28%21.51295.650296.72-237.89133.151.24%-1.55%3.54%-4.41%

BNHC

323-2.02-0.62%-0.1583.58-10.24-2.09--0%-19.49%10.7944.020.1636.46-178.6134.332.98%-0.61%12.18%-2.49%

BPCL

677.5+14.39+2.17%-0.12208.4-13.227.56188.28-0%-48.56%7.5359.383.3153.7894.05115.365.64%3.22%6.36%3.63%

BUNGAL

583.8+1.8+0.31%-0.1288.61-6.68---0%-14.97%14.696.860.8497.01057.971.82%-7.54%-

CHCL

475.6-0.38-0.08%-0.11120.86-8.397.32141.09-0%-62.53%7.8456.5055.6563.78141.286.62%5.78%7.02%6.13%

CHL

291.5+1.51+0.52%-0.1685.59-6.03-1.03--0%-21.48%6.1943.930.2846.52-272.3337.793.46%-0.59%10.44%-1.78%

CKHL

643.5-3.49-0.54%-0.1495.71-17.544.4898.22-0%-42.5%13.7937.630.239.89156.1863.985.76%1.47%18.2%4.65%

DHEL

588-7.02-1.18%-0.03131.27--1.65---0%--19.49%9.99-397.580-436.360309.43-0.56%--1.24%-

DHPL

297.8+4.2+1.43%-0.316.62-7.513.7523.63-0%-17.08%86.137.950.5840.4781.0425.925.22%2.61%226.64%113.2%

DOLTI

347.5-3.01-0.86%-0.1259.55-3.25-3.73--0%-14.07%17.06156.310.02156.31-136.1987.891.64%-1.89%5.28%-6.07%

DORDI

271-1.01-0.37%-0.08105.22-0.69-2.62--0%-5.28%5.32405.82.74397.1-104.5885.760.42%-1.65%0.92%-3.53%

EHPL

379+2+0.53%-0.1677.86-9.913.3977.06-0%-34.15%10.4841.160.741.68121.8356.265.48%1.87%12.98%4.44%

GHL

234.8-1.2-0.51%-0.0695.65--2.06-2.95--0%--24.4%4.39-101.990-116.5-81.3699.34-1.4%-2.01%-2.12%-3.04%

GLH

266.1-2.61-0.97%-0.11110.33-2.43.3390.92-0%-4.04%8.85101.670.39110.5879.765.680.4%0.59%2.52%3.52%

GVL

486.4-0.78-0.16%-0.18124.97-27.1614.03198.62-0%-46.09%7.9718.331.3317.8634.5733.798.4%4.34%22.9%11.83%

HDHPC

22100%-0.0675.21--4.32-2.3--0%--86.91%4.68-40.740-45.16-84.83141.37-5.22%-2.79%-5.7%-3.04%

HHL

372-1.19-0.32%-0.1683.35-10.786.73112.34-0%-31.55%7.830.154.2931.1749.9338.035.16%3.22%13.44%8.39%
AVG403.64-2.1-0.45%-0.12696.05-6.672.66116.2-0%-20.09%12.38162.2050.75560.955-0.11294.6043.25%1.53%14.57%6.21%
MED357.15-1.01-0.37%-0.1295.68-7.13.39119.24-0%-32.85%7.90543.770.24544.131.5368.23.9%1.47%7.27%3.63%
MAX67914.392.17%-0.31208.4-27.1614.03198.62-0%-62.53%86.1490.744.29483.33254.56350.118.4%9.99%226.64%113.2%
MIN221-55.97-9.89%-0.036.62--17-13.7123.63-0%--86.91%4.35-397.580-436.36-272.3320.6-5.22%-3.59%-20.06%-16.18%

30

securities loaded

Best in class

Laggard

AVG

Average

MED

Median

MAX

Maximum

MIN

Minimum