Upper Tamakoshi Hydropower Ltd

HydroPowerHigh Cap

NPR 196.50

NPR -2.5-1.26%

06:28 AM NPT · Sep 16, 2026

Est. 2063-12-13 B.S. (established by Nepal Electricity Authority; converted into a public-operated special purpose company) · Trade Tower, Thapathali, Kathmandu, Nepal · CEO: Mohan Prasad Gautam

Upper Tamakoshi Hydropower Limited is the company behind the Upper Tamakoshi Hydroelectric Project (UTKHEP) the largest hydropower plant in Nepal. The project harnesses the waters of the Tamakoshi River, using a substantial hydraulic head of 822 m and a run-of-river, peaking design with six Pelton-type turbine units. With installed capacity of 456 MW, the Upper Tamakoshi plant commissioned in full in 2021 was envisioned to produce up to 2,281 GWh annually, significantly boosting Nepal’s domestic electricity supply and reducing dependence on imports or foreign energy. Because it’s a peaking plant, during dry seasons it provides the essential flexibility to meet peak demand, while during rainy season it contributes substantially to the national grid. The company was originally established in March 2007 by the national utility Nepal Electricity Authority (NEA) to serve as the executing and owning agency for this ambitious project. Shareholding is structured such that 51% is held by public/state-related entities (NEA, Nepal Telecom (NTC), Citizen Investment Trust (CIT), and Rastriya Beema Sansthan (RBS)), with the remainder allocated among general public, residents of Dolakha district, Employees Provident Fund contributors, and staff of NEA or other financial institutions. Given its size, generation potential, and domestic financing base, Upper Tamakoshi represents a landmark in Nepal’s push for energy self-sufficiency, renewable energy adoption, and domestic infrastructure investment. Beyond electricity generation, the project’s success has broader implications for economic development, energy security, export potential, and stabilization of supply especially given Nepal’s historic reliance on seasonal hydropower and imports.

Trading

Open

199.00

High

200.50

Low

195.30

Prev Close

199.00

Volume

74,470

Turnover

Rs 14,788,119.8

Txns

0

Valuation · Q4 FY25/26

EPS Ann.

4.37

EPS TTM

4.37

BVPS

44.48

P/E Ann.

44.97

P/E TTM

44.97

Graham #

66.13

Capital

Mkt Cap

41.62 Arab

Total

21.18 Crore

Public

21.18 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Sell

SuperTrend

Sell

Trend Analysis

Direction

Uptrend

Strength

Weak

Momentum

RSI (14)

64.86

ADX

19.53

Overall Score

76
Above Line

Technical Score

Moving Averages

SMA 20

187.92

SMA 50

191.87

Bands & Channels

BB Width %

10.42%

Volume & Flow

OBV

-1,947,626

Flow Analysis

[ Live 2026-09-15 ]

Total Buy

547,613

Shares Bought

Total Sell

547,613

Shares Sold

Net Flow

0

Net Accumulation

Active Brokers

84

Participating

ACCUM/DIST

Accumulation 44%

Distribution 56%

Accumulators

4

Quantity

102,072

Amount

19,788,869

Avg Rate

193.87

Rank

#40

Brokers

#75#85#41#46

Distributors

5

Quantity

131,724

Amount

25,220,998

Avg Rate

191.47

Rank

#39

Brokers

#45#51#36#71#32

Net Flow Impact:

-29,652units
(Rs. -5,432,128)

Net Flow by Timeframe

UPPER — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 559,346 ]

Buy Side

Total: 275,173

Broker

QTY

AVG

NET

%

75

29,917

199.59

+29,012

5.5%

41

28,420

190.55

+15,764

5.2%

46

23,650

191.26

+13,142

4.3%

42

23,174

193.36

+2,737

4.2%

4

21,603

194.41

+8,232

3.9%

6

21,013

189.20

+3,246

3.8%

85

20,085

193.12

+20,050

3.7%

34

20,031

190.48

+10,146

3.7%

16

19,499

194.92

+11,860

3.6%

1

13,991

188.41

+7,094

2.5%

14

12,377

194.39

+6,688

2.3%

17

11,240

195.00

+1,757

2.0%

48

10,884

191.13

+1,695

2.0%

38

10,224

197.10

+296

1.9%

21

9,065

187.22

+3,408

1.7%

Sell Side

Total: 284,173

Broker

QTY

AVG

NET

%

45

50,925

194.47

-34,282

9.3%

58

36,426

192.98

-2,645

6.7%

51

30,580

186.66

-16,272

5.6%

49

25,887

194.72

-2,854

4.7%

32

21,024

193.95

-10,730

3.8%

36

18,195

189.26

-11,707

3.3%

19

16,526

190.97

-4,088

3.0%

57

12,443

193.01

-3,193

2.3%

28

12,115

195.63

-5,003

2.2%

13

11,999

196.52

-6,441

2.2%

71

11,000

189.85

-11,000

2.0%

52

9,793

194.99

-5,814

1.8%

91

9,660

186.62

-7,960

1.8%

26

9,376

198.59

-1,622

1.7%

35

8,224

190.18

-6,194

1.5%

Financial Fundamentals

Financial MetricFY25/26 Q4FY24/25 Q4FY23/24 Q4FY22/23 Q4Growth %
Sources of Fund
Equity
Paid up Capital21,180,00021,180,00021,180,00000.00%
Reserves and Surplus-12,635,347-12,453,703-10,046,7610-1.46%
Other Equity876,421876,421913,77300.00%
Total Equity9,421,0749,602,71812,047,0120-1.89%
Non Current Liabilities
Financial Liabilities67,096,36769,241,71671,134,7320-3.10%
Other Non Current Liabilities0.000.000.000-
Total Non Current Liabilities67,096,36769,241,71671,134,7320-3.10%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)72,932,03176,828,23379,802,3320-5.07%
Capital Work In Progress2,234,3471,855,0101,367,0960+20.45%
Intangible Assets0.000.000.000-
Financial Assets (Investments)0.000.000.000-
Other Non Current Assets0.000.000.000-
Total Non Current Assets75,166,37878,683,24381,169,4280-4.47%
Current Assets
Receivables0.000.000.000-
Inventories70,93655,18623,3930+28.54%
Cash and Cash Equivalent1,251,524760,0531,229,6380+64.66%
Financial Assets0.000.000.000-
Other Current Assets4,454,5884,903,6953,485,0290-9.16%
Total Current Assets (A)5,777,0485,718,9334,738,0600+1.02%
Current Liabilities
Financial Liabilities67,096,36769,241,71671,134,7320-3.10%
Payables0.000.000.000-
Other Current Liabilities2,280,5663,294,5271,463,7330-30.78%
Total Current Liabilities (B)4,425,9855,557,7422,725,7440-20.36%
Net Current Assets (A-B)1,351,063161,1912,012,3160+738.18%

Sector Peers — HydroPower (30)

Peer Comparison

HydroPower SECTOR — NEPAL

2025/2026 Q4

NPR/Millions

Statement

Highlight

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

AHL

378+1.92+0.51%00.0668.430.284.81-17.41-17.41---72.656.05-23.78--22.7517.280.28-4.43-4.43%0.3-22.42-22.42%-

AHPC

270-3-1.1%0.010.06109.7147.90.073.413.4191.758.4948.032.3976.86-76.5136.9247.92.912.91%5.93.153.15%87.4

AKJCL

35300%0.010.0993.693.150.373.183.1881.8845.6128.353.6105.971.99109.7230.063.122.452.45%7.63.453.45%100

AKPL

255.8-4.21-1.62%0.010.06101.770.70.851.021.0248.3379.0712.992.45244.12-244.1231.640.70.750.75%3.931.341.34%109.6

APHL

691.1-23.88-3.34%00.04102.410.512.26-4.12----28.498-198.79--56.640.48-1.23--0.11-4.02--

API

341.6-2.3-0.67%0.020.12119.510.411.0515.0615.06201.2438.454.372.6821.290.222.2411.580.416.486.48%11.2513.3613.36%85.19

APPOLO

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

BARUN

330-1.99-0.6%00.09108.196.740.232.082.0871.1640.7221.392.96153.8-153.8932.886.741.911.91%5.632.542.54%85.88

BEDC

306.5-3.41-1.1%00.0746.284.952.24-1.7-1.7-218.78-14.776.66-181.18--181.1826.834.95-1.1-1.1%6.83-3.59-3.59%-

BENI

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

BGWT

490-15-2.97%00.16113.36.450.289.019.01151.5510.8339.644.8260.6-57.7624.036.456.536.53%11.288.228.22%88.19

BHCL

530.5+0.48+0.09%00.15112.532.140.1610.8110.81165.4415.9651.47441.630.3450.0521.432.147.517.51%13.610.0810.08%96.98

BHDC

431.9-1.82-0.42%0.010.15118.322.691.2811.7911.79177.1649.4330.693.5835.880.336.0511.012.694.64.6%12.410.5910.59%97.41

BHL

218+2.01+0.93%0.010.1381.221.81.967.727.72118.7862.3524.482.5126.420.1626.816.471.723.233.23%12.259.919.91%83.13

BHPL

473+3.01+0.64%00.0850.031.141.86-0.3-0.3-133.02-2.639.16-1,527.67--1,593.3340.591.04-0.2-0.2%8.83-0.57-0.57%-

BJHL

654.1-10.77-1.62%0.010.0988.952.571.05-2.6--233.82-15.287.66-261.92--40.042.57-1.42-6.85-2.92--

BNHC

280+1+0.36%00.13100.597.620.971.491.4958.07111.026.462.76186.581.48186.9812.027.620.80.8%9.682.142.14%97.01

BPCL

673.6-0.27-0.04%0.020.1210.877.050.099.849.84216.073.1941.843.1767.891.3967.0728.416.524.184.18%5.364.694.69%80.94

BUNGAL

530-8.02-1.49%00.0981.420.213.4-3.84----11.287.18-152.34--17.190.21-1.07-4.34-4.71--

CHCL

358-2.09-0.58%0.040.1123.925.950.047.597.59145.46-61.663.8362.6-63.8238.5924.625.985.98%7.156.26.2%78.75

CHL

265-1.01-0.38%00.1384.292.081.031.721.7257.1192.027.563.04148.841.36154.6511.252.0311%9.263.123.12%101.74

CKHL

585-20.03-3.31%00.11100.190.831.9613.2513.25172.8377.740.336.3748.150.0444.9319.420.834.444.44%9.7313.8513.85%100

DHEL

567.8-7.19-1.25%0.010.04118.140.451.37-9.88----89.334.57-54.67--48.830.45-3.52-2.24-8.36--

DHPL

275-3.09-1.11%00.148.380.2333.095.515.5132.23-13.9332.8249.910.1250.826.950.231.891.89%14.8493.6393.63%100

DOLTI

307-4.9-1.57%00.159.871.112.20.870.8734.23125.134.655.31365.43.03351.8417.081.110.450.45%9.331.481.48%100

DORDI

258+1+0.39%0.010.07106.31.830.911.421.4258.2857.1510.912.32173.941.22173.7318.971.810.760.76%5.941.351.35%106.79

EHPL

332.5+0.9+0.27%00.1376.32.471.283.393.3976.2969.8214.324.396.840.894.7513.862.471.931.93%11.584.544.54%98

GHL

245-2.8-1.13%00.0695.054.740.45-1.33-1.33-154.32-15.982.26-161.65--173.6825.94.74-0.94-0.94%3.92-1.38-1.38%-

GLH

261.9-1.1-0.42%00.1112.050.034.812.332.3376.640.323.682.17104.29-108.283.840.030.370.37%0.392.092.09%100

GVL

495.2-2.79-0.56%0.020.14124.331.41.5212.9412.94190.2682.629.873.8637.092.6537.3311.091.244.074.07%8.2910.9410.94%97.08
AVG398.48-3.91-0.79%0.010.1974.912.562.974.32111.2477.7210.585.374-16.211.0775.8523.64.831.732.32%7.455.677.45%94.7
MED347.3-2.2-0.59%00.1101.181.961.172.213.2986.8266.0913.463.84549.031.0160.7920.4251.921.441.92%7.382.833.3%97.25
MAX691.13.010.93%0.040.16210.8747.933.0915.0615.06216.07233.8261.6632.82365.43.03351.8456.6447.97.517.51%14.8493.6393.63%109.6
MIN218-23.88-3.34%00.048.380.030.04-17.41-17.4132.230.32-89.332.17-1,527.670.04-1,593.333.840.03-4.43-4.43%-0.11-22.42-22.42%78.75

30

securities loaded

Best in class

Laggard

AVG

Average

MED

Median

MAX

Maximum

MIN

Minimum