Upper Solu Hydro Electric Company Limited

HydroPowerHigh Cap

NPR 493.00

NPR +7+1.44%

09:11 AM NPT · May 13, 2026

Est. 2067-02-14 B.S. (converted to public limited company on 2072-12-02; listed on NEPSE in 2079/2080) · Solu Khumbu District, Nepal (Corporate office registered in Kathmandu) · CEO: Yagartha Pokhrel

Upper Solu Hydro Electric Company is a Nepalese independent power producer focused on hydropower generation, with its flagship undertaking being the 23.5 MW Solu Hydropower Project (Solu HEP) in Solukhumbu district. The company was originally formed on May 28, 2010 as a private limited corporation. On April 14, 2016, USHEC was converted into a public limited company to allow for public investment. Construction on the Solu project began around 2015 and completed by December 2019; initial generation began around March 23, 2020 under contingency arrangement, with full commercial operation commencing on February 20, 2022 following completion of the transmission line connecting the plant to the national grid.As a run-of-river hydropower project, Solu HEP leverages the flow of the Solu River to produce electricity, which is sold under a long-term Power Purchase Agreement (PPA) with the Nepal Electricity Authority (NEA).Since going full-scale, the company has seen improving operational performance, with reportedly high plant-load-factors (PLF) and steady income for example, its TOI (total operating income) rose to NPR 675 million in FY 2024 from prior years. USHEC is publicly listed on the Nepal Stock Exchange (NEPSE). The company’s listed paid-up capital is NPR 1.35 billion with 13,500,000 shares outstanding. As of late 2025, USHEC shows a market capitalization in the several-billion-rupee range, making it a significant player among mid-size hydropower firms. Despite that, hydropower-specific risks remain run-of-river plants in Nepal are exposed to hydrology variability (river flow changes, seasonal dry seasons), and USHEC’s rating reports highlight leveraged capital structure and hydrology risks as key sensitivities for future performance. USHEC represents a transition from development-phase ambitions to an operational hydropower company supplying renewable energy to the national grid, contributing to Nepal’s energy supply while offering investment exposure to the public via NEPSE listing.

ushec.com.np/linkedin

Trading

Open

486.00

High

493.00

Low

480.00

Prev Close

486.00

Volume

3,610

Turnover

Rs 1,755,799

Txns

Valuation · Q2 FY25/26

EPS Ann.

28.69

EPS TTM

12.12

BVPS

118.12

P/E Ann.

17.18

P/E TTM

40.68

Graham #

276.13

Capital

Mkt Cap

6.66 Arab

Total

1.35 Crore

Public

1.35 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Buy

RSI

Neutral

SuperTrend

Strong Buy

Trend Analysis

Direction

NaN

Strength

Weak

Momentum

RSI (14)

52.58

ADX

17.02

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

490.16

SMA 50

498.53

Bands & Channels

BB Width %

6.44%

Volume & Flow

OBV

1,802,766

Flow Analysis

[ Live 2026-05-13 ]

Total Buy

51,154

Shares Bought

Total Sell

51,154

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 57%

Distribution 43%

Accumulators

Quantity

26,994

Amount

13,400,474

Avg Rate

496.42

Rank

#43

Brokers

#44#84#33

Distributors

Quantity

20,191

Amount

9,924,997

Avg Rate

491.56

Rank

#59

Brokers

#22#34#57#74

Net Flow Impact:

+6,803units

(Rs. 3,475,478)

Net Flow by Timeframe

USHEC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 72,668 ]

Buy Side

Total: 41,413

Broker

QTY

AVG

NET

14,500

499.04

+4,121

28.4%

7,993

494.26

+7,291

15.6%

4,501

491.85

+4,501

8.8%

2,858

497.86

+1,318

5.6%

1,984

489.93

+1,984

3.9%

1,450

492.25

+260

2.8%

1,120

489.67

+1,110

2.2%

1,050

485.10

+840

2.0%

1,000

487.93

+630

1.9%

1,000

492.07

+790

1.9%

910

494.23

+118

1.8%

101

850

493.24

+850

1.7%

798

485.43

+784

1.6%

700

494.63

+350

1.4%

699

492.17

+49

1.4%

Sell Side

Total: 31,255

Broker

QTY

AVG

NET

12,506

491.12

-12,096

24.4%

4,385

493.38

-3,405

8.6%

2,724

495.73

-47

5.3%

1,880

490.22

-1,780

3.7%

1,428

496.43

-1,178

2.8%

1,420

491.50

-1,420

2.8%

1,130

490.39

-830

2.2%

1,102

489.06

-848

2.1%

1,020

485.09

-1,020

2.0%

805

493.00

-605

1.6%

630

491.69

-630

1.2%

601

498.03

-601

1.2%

585

501.55

-485

1.1%

539

493.14

-539

1.1%

500

500.00

-500

1.0%

Financial Fundamentals

No data available for BS

Sector Peers — HydroPower (30)

Peer Comparison

HydroPower SECTOR — NEPAL

2025/2026 Q2

NPR/Millions

Statement

Highlight

TICKER	Market				Key Ratios
	Price	Chg	Chg%	Mkt Cap (M)	Asset Turnover	BVPS	C/D Ratio%	EPS (Annu.)	EPS (TTM)	Graham's No.	Int. Rate Spread%	NIM%	NPL%	NPM%	P/B	P/E (Annu.)	PEG	P/E (Latest)	P/E (TTM)	P/S	ROA (Annu.)%	ROA (TTM)%	ROE (Annu.)%	ROE (TTM)%
AHL	566	+58.01	+11.42%	0	0.08	77.34	-	-17	-13.71	-	-	0%	-	-55.62%	13.97	-31.78	0	-31.79	-39.42	70.72	-4.44%	-3.59%	-20.06%	-16.18%
AHPC	279	-1.01	-0.36%	0.01	0.07	115.64	-	5.2	9.2	154.72	-	0%	-	57.82%	4.44	49.42	0	53.06	29.99	114.22	4.26%	7.54%	4.68%	8.31%
AKJCL	355	+5	+1.43%	0.01	0.1	92.82	-	4.63	3.43	84.64	-	0%	-	34.41%	4.35	43.61	0.55	80.56	108.75	60.09	3.54%	2.63%	5.08%	3.76%
AKPL	269	-2.01	-0.74%	0.01	0.11	103.69	-	7.93	6.82	126.14	-	0%	-	40.28%	4.78	31.27	0.21	33.42	38.86	50.41	4.5%	3.88%	7.9%	6.8%
API	343.8	-1.21	-0.35%	0.02	0.14	117.58	-	14.03	8.92	153.62	-	0%	-	44.43%	4.92	20.63	0.57	21.03	33.07	36.66	6.04%	3.84%	12.36%	7.87%
APPOLO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BARUN	344.9	+1.89	+0.55%	0	0.1	113.42	-	4.05	1.36	58.91	-	0%	-	34.64%	5.66	79.26	0	85.48	254.56	109.93	3.5%	1.18%	4.7%	1.58%
BEDC	360.2	-8.29	-2.25%	0	0.1	48.52	-	1.08	-3.86	-	-	0%	-	7.21%	21.85	490.74	3.25	483.33	-135.23	141.33	0.68%	-2.46%	2.14%	-7.63%
BENI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BGWT	669	+15.49	+2.37%	0	0.2	108.91	-	9.22	12.28	173.47	-	0%	-	38.32%	14.23	84.06	0.88	82.43	61.89	128.95	7.5%	9.99%	8.9%	11.87%
BHCL	508.9	-7.12	-1.38%	0	0.13	103.77	-	7.81	-	-	-	0%	-	42.7%	15.42	51.22	0	51.95	0	350.11	5.72%	-	7.52%	-
BHDC	463.2	-2.8	-0.6%	0.01	0.19	123	-	19.83	8.09	149.63	-	0%	-	40.35%	7.71	23.9	0.85	24.1	59.09	38.57	7.6%	3.1%	16.9%	6.89%
BHL	222.5	+0.51	+0.23%	0.01	0.14	80.85	-	12.48	0.43	27.97	-	0%	-	35.8%	4.44	14.38	0	0	0	20.6	5.12%	0.17%	17%	0.58%
BHPL	522	+0.99	+0.19%	0	0.11	51.12	-	1.86	-2.32	-	-	0%	-	11.28%	21.51	295.65	0	296.72	-237.89	133.15	1.24%	-1.55%	3.54%	-4.41%
BNHC	325	-1.5	-0.46%	0	0.15	83.58	-	10.24	-2.09	-	-	0%	-	19.49%	10.79	44.02	0.16	36.46	-178.61	34.33	2.98%	-0.61%	12.18%	-2.49%
BPCL	663.1	-4.88	-0.73%	0.02	0.12	208.4	-	13.22	7.56	188.28	-	0%	-	48.56%	7.53	59.38	3.31	53.78	94.05	115.36	5.64%	3.22%	6.36%	3.63%
BUNGAL	582	-0.99	-0.17%	0	0.12	88.61	-	6.68	-	-	-	0%	-	14.97%	14.6	96.86	0.84	97.01	0	57.97	1.82%	-	7.54%	-
CHCL	476	-0.19	-0.04%	0.05	0.11	120.86	-	8.39	7.32	141.09	-	0%	-	62.53%	7.84	56.5	0	55.65	63.78	141.28	6.62%	5.78%	7.02%	6.13%
CHL	290	-2.99	-1.02%	0	0.16	85.59	-	6.03	-1.03	-	-	0%	-	21.48%	6.19	43.93	0.28	46.52	-272.33	37.79	3.46%	-0.59%	10.44%	-1.78%
CKHL	647	-13	-1.97%	0	0.14	95.71	-	17.54	4.48	98.22	-	0%	-	42.5%	13.79	37.63	0.2	39.89	156.18	63.98	5.76%	1.47%	18.2%	4.65%
DHEL	595	-2.03	-0.34%	0.01	0.03	131.27	-	-1.65	-	-	-	0%	-	-19.49%	9.99	-397.58	0	-436.36	0	309.43	-0.56%	-	-1.24%	-
DHPL	293.6	-5.29	-1.77%	0	0.31	6.62	-	7.51	3.75	23.63	-	0%	-	17.08%	86.1	37.95	0.58	40.47	81.04	25.92	5.22%	2.61%	226.64%	113.2%
DOLTI	350.5	-1.51	-0.43%	0	0.12	59.55	-	3.25	-3.73	-	-	0%	-	14.07%	17.06	156.31	0.02	156.31	-136.19	87.89	1.64%	-1.89%	5.28%	-6.07%
DORDI	272	-0.6	-0.22%	0.01	0.08	105.22	-	0.69	-2.62	-	-	0%	-	5.28%	5.32	405.8	2.74	397.1	-104.58	85.76	0.42%	-1.65%	0.92%	-3.53%
EHPL	377	-3.31	-0.87%	0	0.16	77.86	-	9.91	3.39	77.06	-	0%	-	34.15%	10.48	41.16	0.7	41.68	121.83	56.26	5.48%	1.87%	12.98%	4.44%
GHL	236	-0.9	-0.38%	0	0.06	95.65	-	-2.06	-2.95	-	-	0%	-	-24.4%	4.39	-101.99	0	-116.5	-81.36	99.34	-1.4%	-2.01%	-2.12%	-3.04%
GLH	268.7	+2.4	+0.9%	0	0.11	110.33	-	2.4	3.33	90.92	-	0%	-	4.04%	8.85	101.67	0.39	110.58	79.7	65.68	0.4%	0.59%	2.52%	3.52%
GVL	487.2	-2.79	-0.57%	0.02	0.18	124.97	-	27.16	14.03	198.62	-	0%	-	46.09%	7.97	18.33	1.33	17.86	34.57	33.79	8.4%	4.34%	22.9%	11.83%
HDHPC	221	-1.69	-0.76%	0.01	0.06	75.21	-	-4.32	-2.3	-	-	0%	-	-86.91%	4.68	-40.74	0	-45.16	-84.83	141.37	-5.22%	-2.79%	-5.7%	-3.04%
HHL	373.2	-3.81	-1.01%	0	0.16	83.35	-	10.78	6.73	112.34	-	0%	-	31.55%	7.8	30.15	4.29	31.17	49.93	38.03	5.16%	3.22%	13.44%	8.39%

AVG	405.74	0.58	0.02%	0.01	0.126	96.05	-	6.67	2.66	116.2	-	0%	-	20.09%	12.381	62.205	0.755	60.955	-0.112	94.604	3.25%	1.53%	14.57%	6.21%
MED	357.6	-1.51	-0.41%	0	0.12	95.68	-	7.1	3.39	119.24	-	0%	-	32.85%	7.905	43.77	0.245	44.1	31.53	68.2	3.9%	1.47%	7.27%	3.63%
MAX	669	58.01	11.42%	0.05	0.31	208.4	-	27.16	14.03	198.62	-	0%	-	62.53%	86.1	490.74	4.29	483.33	254.56	350.11	8.4%	9.99%	226.64%	113.2%
MIN	221	-13	-2.25%	0	0.03	6.62	-	-17	-13.71	23.63	-	0%	-	-86.91%	4.35	-397.58	0	-436.36	-272.33	20.6	-5.22%	-3.59%	-20.06%	-16.18%