Upper Tamakoshi Hydropower Ltd

HydroPowerHigh Cap

NPR 200.20

NPR +0.1+0.05%

09:14 AM NPT · Jul 24, 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

200.00

High

201.00

Low

199.30

Prev Close

200.10

Volume

85,269

Turnover

Rs 17,071,128

Txns

0

Valuation · Q3 FY25/26

EPS Ann.

1.81

EPS TTM

-1.03

BVPS

46.69

P/E Ann.

110.61

P/E TTM

-194.37

Graham #

43.61

Capital

Mkt Cap

42.4 Arab

Total

21.18 Crore

Public

21.18 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Sell

SuperTrend

Strong Sell

Trend Analysis

Direction

Uptrend

Strength

Strong

Momentum

RSI (14)

67.73

ADX

31.87

Overall Score

66
Above Line

Technical Score

Moving Averages

SMA 20

194.45

SMA 50

198.92

Bands & Channels

BB Width %

8.55%

Volume & Flow

OBV

-1,525,933

Flow Analysis

[ Live 2026-07-24 ]

Total Buy

510,259

Shares Bought

Total Sell

510,259

Shares Sold

Net Flow

0

Net Accumulation

Active Brokers

80

Participating

ACCUM/DIST

Accumulation 66%

Distribution 34%

Accumulators

4

Quantity

142,311

Amount

28,597,844

Avg Rate

200.95

Rank

#35

Brokers

#58#51#34#44

Distributors

5

Quantity

73,811

Amount

14,847,299

Avg Rate

201.15

Rank

#55

Brokers

#57#22#40#62#5

Net Flow Impact:

+68,500units
(Rs. 13,750,545)

Net Flow by Timeframe

UPPER — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 522,882 ]

Buy Side

Total: 305,616

Broker

QTY

AVG

NET

%

58

56,960

200.90

+27,114

11.2%

45

50,856

199.64

+9,919

10.0%

34

34,072

201.39

+15,026

6.7%

51

28,218

199.77

+21,291

5.5%

44

23,061

201.90

+11,566

4.5%

65

22,957

201.51

+217

4.5%

13

15,294

200.20

+9,270

3.0%

39

13,896

202.36

+8,870

2.7%

91

12,300

199.54

+8,150

2.4%

52

10,201

201.49

+2,150

2.0%

59

8,898

199.34

+5,691

1.7%

35

8,480

200.77

+1,217

1.7%

21

7,296

200.33

+4,279

1.4%

14

6,683

200.29

+295

1.3%

46

6,444

202.37

+4,969

1.3%

Sell Side

Total: 217,266

Broker

QTY

AVG

NET

%

42

27,279

200.83

-6,474

5.3%

57

23,224

202.07

-15,408

4.5%

4

18,246

199.93

-6,758

3.6%

49

17,164

200.49

-1,842

3.4%

22

16,459

201.29

-8,918

3.2%

48

14,666

199.88

-6,968

2.9%

29

13,910

199.52

-2,227

2.7%

40

13,291

200.94

-7,986

2.6%

41

13,204

199.96

-4,542

2.6%

5

12,105

200.01

-7,359

2.4%

38

10,189

200.15

-3,501

2.0%

6

10,096

200.90

-5,357

2.0%

43

9,780

199.99

-7,321

1.9%

50

8,921

201.66

-5,135

1.8%

62

8,732

200.36

-7,453

1.7%

Financial Fundamentals

Financial MetricFY25/26 Q3FY24/25 Q3FY23/24 Q3FY22/23 Q3Growth %
Sources of Fund
Equity
Paid up Capital21,180,00021,180,00021,180,00000.00%
Reserves and Surplus-12,166,945-12,184,660-8,696,4390+0.15%
Other Equity876,421913,773913,7730-4.09%
Total Equity9,889,4759,909,11313,397,3350-0.20%
Non Current Liabilities
Financial Liabilities69,797,08569,797,01572,618,86300.00%
Other Non Current Liabilities0.000.0015356.720-
Total Non Current Liabilities69,797,08569,797,01572,634,21900.00%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)73,983,66277,467,40080,729,7740-4.50%
Capital Work In Progress2,103,4211,609,9521,182,2910+30.65%
Intangible Assets0.000.000.000-
Financial Assets (Investments)0.000.000.000-
Other Non Current Assets0.000.000.000-
Total Non Current Assets76,087,08379,077,35281,912,0650-3.78%
Current Assets
Receivables0.000.000.000-
Inventories81,67242,73423,5460+91.12%
Cash and Cash Equivalent2,175,350548,0262,818,2720+296.94%
Financial Assets0.000.000.000-
Other Current Assets2,976,0773,229,7552,437,6390-7.85%
Total Current Assets (A)5,233,0993,820,5145,279,4570+36.97%
Current Liabilities
Financial Liabilities69,797,08569,797,01572,618,86300.00%
Payables0.000.000.000-
Other Current Liabilities1,633,6221,483,8211,159,9680+10.10%
Total Current Liabilities (B)1,633,6223,191,7381,159,9680-48.82%
Net Current Assets (A-B)3,599,477628,7764,119,4890+472.46%

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)PEGP/E (TTM)P/SQuick RatioROA (Annualized)ROA (TTM)%ROCEROE (Annualized)ROE (TTM)%Tax Burden

AHL

428-4.02-0.93%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

275-1.99-0.72%0.010.07110.7140.790.074.415.947.5358.343.565.83-46.6368.2740.793.85.12%6.714.095.52%90.05

AKJCL

379-7.5-1.94%0.010.0992.422.950.382.562.2847.6522.225.79156.8811.71181.1462.122.951.961.75%7.442.82.5%100

AKPL

265.7-0.29-0.11%0.010.1103.420.870.854.927.2355.1228.853.5856.50.1636.9328.980.872.84.12%9.414.927.24%97.9

APHL

905-25.02-2.69%0--------------------

API

344+1.51+0.44%0.020.12115.320.261.1913.7611.4829.3650.484.0325.310.3330.3122.70.265.894.91%13.7312.5110.44%85.97

APPOLO

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

BARUN

334-1.01-0.3%00.08107.7212.050.232.012.9645.6622.494.58184.031.34114.8673.512.051.852.73%5.242.483.66%100

BEDC

334+3.99+1.21%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

600.1-9.88-1.62%00.19112.6713.690.2911.1611.99.2343.938.9167.473.2755.1352.713.698.158.69%12.9210.3911.08%88.19

BHCL

523.9+8.91+1.73%0.010.15109.645.10.2910.4311.1117.651.486.7753.40.2153.4748.865.17.928.44%12.451313.85%97.02

BHDC

445.2+0.31+0.07%0.010.16117.432.911.0913.229.4246.5133.325.5536.970.5149.1521.892.915.393.84%13.4311.898.46%99.99

BHL

217+1.81+0.84%0.010.1479.952.551.978.594.665.2126.823.8526.9--12.822.533.641.95%13.1710.995.88%85.68

BHPL

486.6-4.42-0.9%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

793+3+0.38%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

297+2.01+0.68%00.1584.30.62.947.780.05101.7915.945.5845.370.016,67612.860.62.310.01%13.599.290.05%100

BPCL

665-5.9-0.88%0.020.11210.336.810.0911.719.243.4348.064.5361.051.3773.5852.176.455.053.99%6.515.64.42%81.76

BUNGAL

634.9-0.13-0.02%0.010.1184.680.23.26-0.79---2.069.68-778.48--28.760.2-0.21-5.6-0.92--

CHCL

494.2+0.2+0.04%0.050.0912122.010.046.426.63-55.485.4677.17-74.7276.121.295.135.3%6.715.355.52%72.57

CHL

270+3.91+1.47%00.1485.092.221.033.251.2185.5713.544.69920.73240.522.122.171.890.7%10.455.82.16%100.94

CKHL

618-3.98-0.64%00.1190.170.422.234.30.6575.5412.7510.56166.050.941,023.0837.640.421.440.21%10.274.630.69%100

DHEL

626+27.99+4.68%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

300+2+0.67%00.135.060.1555.112.921.06100.657.8682.71107.50.22284.9115.020.1510.36%13.7660.9622.15%100

DOLTI

331.9+2.8+0.85%00.158.540.942.250.83-2.27118.774.2710.91577.113.38-154.1943.890.940.43-1.18%9.41.39-3.79%100

DORDI

263.1+0.11+0.04%0.010.08105.55.60.680.83-0.8871.376.373.72354.222.82-311.1440.165.440.51-0.53%6.241.12-1.19%101.05

EHPL

358.9+3.59+1.01%00.1477.732.591.276.424.3754.0825.27.2465.730.4388.7629.442.593.612.45%13.168.485.77%97.99

GHL

234+1.51+0.65%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

259-1.8-0.69%00.09111.360.024.662.182.610.394.093.36128.98.6101.539.380.020.360.43%0.361.972.37%100

GVL

485-5-1.02%0.020.16125.771.951.519.1814.8558.6238.155.326.070.793317.691.645.974.63%10.1516.1212.49%100
AVG434.55-0.260.08%0.010.10895.937.43.433.943.4688.9514.099.903-144.372.166357.22246.9597.342.172.05%8.585.843.7%94.96
MED368.950.150.04%00.195.072.551.193.252.7961.9115.945.5856.50.7953.4743.892.531.891.85%7.734.634.04%100
MAX90527.994.68%0.050.19210.3348.2555.1119.1814.85297.8358.3482.71577.1111.716,676133.2348.258.158.69%13.7660.9622.15%101.05
MIN217-25.02-2.69%00.045.060.020.04-19.31-13.750.39-94.753.36-3,866.670.01-311.149.380.02-5.08-3.62%0.36-24.52-17.46%72.57

30

securities loaded

Best in class

Laggard

AVG

Average

MED

Median

MAX

Maximum

MIN

Minimum