Upper Solu Hydro Electric Company Limited

HydroPowerHigh Cap

NPR 495.00

NPR -2-0.40%

08:57 AM NPT · Aug 11, 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

486.40

High

502.00

Low

486.30

Prev Close

497.00

Volume

4,135

Turnover

Rs 2,051,457

Txns

Valuation · Q3 FY25/26

EPS Ann.

20.43

EPS TTM

14.61

BVPS

118.95

P/E Ann.

24.23

P/E TTM

33.88

Graham #

233.83

Capital

Mkt Cap

6.68 Arab

Total

1.35 Crore

Public

1.35 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Buy

RSI

Buy

SuperTrend

Strong Sell

Trend Analysis

Direction

NaN

Strength

Weak

Momentum

RSI (14)

36.02

ADX

16.42

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

494.61

SMA 50

496.08

Bands & Channels

BB Width %

4.22%

Volume & Flow

OBV

1,934,868

Flow Analysis

[ Live 2026-08-10 ]

Total Buy

26,261

Shares Bought

Total Sell

26,261

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 64%

Distribution 36%

Accumulators

Quantity

14,500

Amount

7,203,994

Avg Rate

496.83

Rank

#67

Brokers

#84#44

Distributors

Quantity

8,249

Amount

4,094,714

Avg Rate

496.39

Rank

#90

Brokers

#17#21#6#8#42

Net Flow Impact:

+6,251units

(Rs. 3,109,280)

Net Flow by Timeframe

USHEC — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 40,855 ]

Buy Side

Total: 21,594

Broker

QTY

AVG

NET

10,216

495.84

+10,216

38.9%

4,284

499.19

+4,284

16.3%

3,707

498.50

+3,707

14.1%

730

502.59

+68

2.8%

547

495.77

+547

2.1%

420

490.36

+290

1.6%

300

488.50

+300

1.1%

280

492.43

+270

1.1%

275

488.90

+175

1.1%

240

499.05

+220

0.9%

170

488.50

+170

0.7%

125

488.50

+85

0.5%

100

488.20

+80

0.4%

100

492.40

+30

0.4%

100

497.20

+100

0.4%

Sell Side

Total: 19,261

Broker

QTY

AVG

NET

2,643

494.17

-2,503

10.1%

1,726

499.33

-1,656

6.6%

1,590

497.45

-560

6.0%

1,540

494.99

-1,540

5.9%

1,335

493.91

-987

5.1%

1,194

499.85

-726

4.5%

1,180

498.32

-1,080

4.5%

1,160

496.97

-1,160

4.4%

1,050

498.92

-1,050

4.0%

1,015

494.93

-332

3.9%

1,010

499.72

-990

3.9%

1,000

492.45

-1,000

3.8%

970

497.69

-898

3.7%

964

496.11

-864

3.7%

884

495.60

-129

3.4%

Financial Fundamentals

Financial Metric	FY25/26 Q3	FY24/25 Q3	FY23/24 Q3	FY22/23 Q3	Growth %
Sources of Fund
Equity
Paid up Capital	1,350,000	1,350,000	1,350,000	0	0.00%
Reserves and Surplus	0.00	0.00	-45251.40	0	-
Other Equity	255,803	47,795	0	0	+435.21%
Total Equity	1,605,803	1,397,795	1,304,749	0	+14.88%
Non Current Liabilities
Financial Liabilities	2,989,561	3,170,422	3,428,320	0	-5.70%
Other Non Current Liabilities	0.00	0.00	0.00	0	-
Total Non Current Liabilities	2,989,561	3,170,422	3,428,320	0	-5.70%
Application of Fund
Non Current Assets
Property Plant and Equipment (Net)	4,357,454	4,519,401	4,638,366	0	-3.58%
Capital Work In Progress	0.00	0.00	0.00	0	-
Intangible Assets	0.00	0.00	0.00	0	-
Financial Assets (Investments)	44,575	44,575	44,375	0	0.00%
Other Non Current Assets	0.00	0.00	0.00	0	-
Total Non Current Assets	4,402,029	4,563,975	4,682,741	0	-3.55%
Current Assets
Receivables	146,701	108,442	155,149	0	+35.28%
Inventories	0.00	0.00	0.00	0	-
Cash and Cash Equivalent	298,658	101,383	59,788	0	+194.59%
Financial Assets	0.00	0.00	0.00	0	-
Other Current Assets	0.00	0.00	0.00	0	-
Total Current Assets (A)	445,359	209,825	214,937	0	+112.25%
Current Liabilities
Financial Liabilities	2,989,561	3,170,422	3,428,320	0	-5.70%
Payables	36,458	29,783	28,035	0	+22.41%
Other Current Liabilities	0.00	0.00	0.00	0	-
Total Current Liabilities (B)	252,024	205,583	164,609	0	+22.59%
Net Current Assets (A-B)	193,335	4,242	50,328	0	+4457.86%

Sector Peers — HydroPower (30)

Peer Comparison

HydroPower SECTOR — NEPAL

2025/2026 Q3

NPR/Millions

Statement

Highlight

TICKER	Market				Key Ratios
	Price	Chg	Chg%	Mkt Cap (M)	Asset Turnover	Book Value Per Share	Current Ratio	Debt to Equity	EPS (Annualized)	EPS (TTM)	Graham's Number	Interest Coverage	Net Profit Margin	P/B	P/E (Annualized)	PEG	P/E (TTM)	P/S	Quick Ratio	ROA (Annualized)	ROA (TTM)%	ROCE	ROE (Annualized)	ROE (TTM)%	Tax Burden
AHL	411	+0.98	+0.24%	0	0.05	71.36	0.24	4.27	-19.31	-13.75	-	-	-94.75	10.28	-28.49	-	-36.11	48.01	0.24	-5.08	-3.62%	2.52	-24.52	-17.46%	-
AHPC	264.9	-0.11	-0.04%	0.01	0.07	110.71	40.79	0.07	4.41	5.94	121.64	7.53	58.34	3.5	65.83	-	46.63	68.27	40.79	3.8	5.12%	6.71	4.09	5.52%	90.05
AKJCL	367.5	+0.59	+0.16%	0.01	0.09	92.42	2.95	0.38	2.56	2.28	68.86	47.65	22.22	5.79	156.88	11.71	181.14	62.12	2.95	1.96	1.75%	7.44	2.8	2.5%	100
AKPL	254.8	+0.1	+0.04%	0.01	0.1	103.42	0.87	0.85	4.92	7.23	129.71	55.12	28.85	3.58	56.5	0.16	36.93	28.98	0.87	2.8	4.12%	9.41	4.92	7.24%	97.9
APHL	828	0	0%	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
API	332	+3.51	+1.07%	0.02	0.12	115.32	0.26	1.19	13.76	11.48	172.59	29.36	50.48	4.03	25.31	0.33	30.31	22.7	0.26	5.89	4.91%	13.73	12.51	10.44%	85.97
APPOLO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BARUN	319.1	+0.41	+0.13%	0	0.08	107.72	12.05	0.23	2.01	2.96	84.7	45.66	22.49	4.58	184.03	1.34	114.86	73.5	12.05	1.85	2.73%	5.24	2.48	3.66%	100
BEDC	316	-3.1	-0.97%	0	0.08	47.88	3.66	2.22	-0.12	-2.01	-	119.74	-1.02	12.92	-3,866.67	-	-179.6	68.06	3.66	-0.07	-1.29%	7.13	-0.25	-4.1%	-
BENI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BGWT	545	-3.01	-0.55%	0	0.19	112.67	13.69	0.29	11.16	11.9	173.69	9.23	43.93	8.91	67.47	3.27	55.13	52.7	13.69	8.15	8.69%	12.92	10.39	11.08%	88.19
BHCL	495	+5	+1.02%	0.01	0.15	109.64	5.1	0.29	10.43	11.11	165.55	17.6	51.48	6.77	53.4	0.21	53.47	48.86	5.1	7.92	8.44%	12.45	13	13.85%	97.02
BHDC	429.9	+3.92	+0.92%	0.01	0.16	117.43	2.91	1.09	13.22	9.42	157.76	46.51	33.32	5.55	36.97	0.51	49.15	21.89	2.91	5.39	3.84%	13.43	11.89	8.46%	99.99
BHL	207	+0.1	+0.05%	0.01	0.14	79.95	2.55	1.97	8.59	4.6	90.97	65.21	26.82	3.85	26.9	-	-	12.82	2.53	3.64	1.95%	13.17	10.99	5.88%	85.68
BHPL	482	-0.48	-0.1%	0	0.08	50.03	1.43	1.97	-0.59	-3.5	-	182.17	-4.61	14.92	-948.98	-	-156.74	78.42	1.25	-0.39	-2.31%	7.73	-1.11	-6.64%	-
BJHL	685	+15.01	+2.24%	0.01	0.09	88.82	48.25	1.06	-3.26	-	-	297.83	-19.68	18.61	-380.37	-	-	133.23	48.25	-1.77	-	6.48	-3.67	-	-
BNHC	283	+0.99	+0.35%	0	0.15	84.3	0.6	2.94	7.78	0.05	9.74	101.79	15.94	5.58	45.37	0.01	6,676	12.86	0.6	2.31	0.01%	13.59	9.29	0.05%	100
BPCL	644.9	-4.87	-0.75%	0.02	0.11	210.33	6.81	0.09	11.71	9.24	209.11	3.43	48.06	4.53	61.05	1.37	73.58	52.17	6.45	5.05	3.99%	6.51	5.6	4.42%	81.76
BUNGAL	592	+8	+1.37%	0.01	0.11	84.68	0.2	3.26	-0.79	-	-	-	-2.06	9.68	-778.48	-	-	28.76	0.2	-0.21	-	5.6	-0.92	-	-
CHCL	482.9	-1.11	-0.23%	0.05	0.09	121	22.01	0.04	6.42	6.63	134.35	-	55.48	5.46	77.17	-	74.72	76.1	21.29	5.13	5.3%	6.71	5.35	5.52%	72.57
CHL	267.4	-0.51	-0.19%	0	0.14	85.09	2.22	1.03	3.25	1.21	48.13	85.57	13.54	4.69	92	0.73	240.5	22.12	2.17	1.89	0.7%	10.45	5.8	2.16%	100.94
CKHL	580	-0.99	-0.17%	0	0.11	90.17	0.42	2.23	4.3	0.65	36.31	75.54	12.75	10.56	166.05	0.94	1,023.08	37.64	0.42	1.44	0.21%	10.27	4.63	0.69%	100
DHEL	609.1	-10.91	-1.76%	0.01	0.04	128.02	0.7	1.31	-4.33	-	-	284.93	-38.81	6.74	-149.42	-	-	103.07	0.7	-1.47	-	3.75	-3.37	-	-
DHPL	286	-1.99	-0.69%	0	0.13	5.06	0.15	55.11	2.92	1.06	10.99	100.65	7.86	82.71	107.5	0.22	284.91	15.02	0.15	1	0.36%	13.76	60.96	22.15%	100
DOLTI	318	-1.98	-0.62%	0	0.1	58.54	0.94	2.25	0.83	-2.27	-	118.77	4.27	10.91	577.11	3.38	-154.19	43.89	0.94	0.43	-1.18%	9.4	1.39	-3.79%	100
DORDI	251	+1.1	+0.44%	0.01	0.08	105.5	5.6	0.68	0.83	-0.88	-	71.37	6.37	3.72	354.22	2.82	-311.14	40.16	5.44	0.51	-0.53%	6.24	1.12	-1.19%	101.05
EHPL	336	-2.98	-0.88%	0	0.14	77.73	2.59	1.27	6.42	4.37	87.42	54.08	25.2	7.24	65.73	0.43	88.76	29.44	2.59	3.61	2.45%	13.16	8.48	5.77%	97.99
GHL	230.8	+1.01	+0.44%	0	0.06	95.07	20.91	0.44	-2.15	-2.14	-	256.14	-28.16	3.62	-120	-	-109.81	60.03	20.91	-1.55	-1.54%	3.37	-2.24	-2.23%	-
GLH	257.9	+0.31	+0.12%	0	0.09	111.36	0.02	4.66	2.18	2.61	80.87	0.39	4.09	3.36	128.9	8.6	101.53	9.38	0.02	0.36	0.43%	0.36	1.97	2.37%	100
GVL	480	0	0%	0.02	0.16	125.77	1.95	1.5	19.18	14.85	204.99	58.62	38.15	5.3	26.07	0.79	33	17.69	1.64	5.97	4.63%	10.15	16.12	12.49%	100

AVG	412.72	0.32	0.06%	0.01	0.108	95.93	7.4	3.43	3.94	3.46	110.41	88.95	14.09	9.903	-144.37	2.166	357.222	46.959	7.34	2.17	2.05%	8.58	5.84	3.7%	94.96
MED	351.75	0.05	0.02%	0	0.1	95.07	2.55	1.19	3.25	2.79	106.31	61.91	15.94	5.58	56.5	0.79	53.47	43.89	2.53	1.89	1.85%	7.73	4.63	4.04%	100
MAX	828	15.01	2.24%	0.05	0.19	210.33	48.25	55.11	19.18	14.85	209.11	297.83	58.34	82.71	577.11	11.71	6,676	133.23	48.25	8.15	8.69%	13.76	60.96	22.15%	101.05
MIN	207	-10.91	-1.76%	0	0.04	5.06	0.02	0.04	-19.31	-13.75	9.74	0.39	-94.75	3.36	-3,866.67	0.01	-311.14	9.38	0.02	-5.08	-3.62%	0.36	-24.52	-17.46%	72.57