Mandakini Hydropower Limited (MHL) Share Price & Fundamentals

Mandakini Hydropower (MHL) share price is Rs. 464.80, down 1.11% on 2026-09-22. Open Rs. 460.00. High Rs. 474.00. Low Rs. 450.10. Volume 15,359.

Mandakini Hydropower Limited is a NEPSE-listed company (MHL), Hydro Power sector. Revenue: Rs. 12.17 Crore. Net profit: Rs. 5.67 Crore. Net worth: Rs. 69.26 Crore.

About Mandakini Hydropower Limited

Mandakini Hydropower Limited (MHL) has 64,67,671 shares outstanding.

MHL key metrics

Market Cap	Rs. 300.62 Crore
P/E Ratio	70.53
P/E Ratio (TTM)	53.06
EPS	Rs. 6.59
EPS (TTM)	Rs. 8.76
Book Value	Rs. 107.09
Dividend Yield	0.00%
Face Value	Rs. 100.00
52 Week High	Rs. 580.00
52 Week Low	Rs. 435.00

MHL strengths

What Mandakini Hydropower Limited's own accounts show in its favour, graded against the rest of its sector.

Keeps 63.1% of every sale once the day to day costs of running the business are paid. (Margins)
Turns 46.5% of every sale into final profit after all costs, interest and tax. (Margins)
Can settle its short term bills 12.77x over, so it is unlikely to run short of cash. (Liquidity)
Keeps 89.4% of every sale after paying to make the product, leaving room for running costs and profit. (Margins)
Debt sits at just 0.34x of shareholders' money, so lenders have little claim on the company. (Leverage & Solvency)
Covers short term bills 12.73x over even without selling any stock, which is a strong cash position. (Liquidity)
Earns 63.2% on everything it takes in, before interest and tax are paid. (Profitability)
Profit grew 32.9% on last year, and it is growing faster than most costs. (Growth)
74% of everything it owns was paid for by shareholders rather than borrowed. (Leverage & Solvency)
Sells and replaces its stock 41.21x a year, so goods are not sitting on shelves. (Efficiency)
Buildings and machinery are a modest 1.2% of assets, so it is not tied to heavy fixed costs. (Efficiency)
Sales grew 11.5% on last year, so more customers are buying or prices have risen. (Growth)

MHL weaknesses

What the same accounts show against it. Both lists are computed from the filed figures, not opinion, and are not advice.

Return on shareholders' money is 6.2%, less than most savers would expect. (Profitability)
Return on the money tied up in the business is 7.3%, so capital is not working hard. (Profitability)
Every rupee of assets brings in only 0.12x of sales, so its assets generate little trade. (Efficiency)
Interest cover is 3.79x, so a bad year could make loans hard to service. (Leverage & Solvency)
Cash is only 1.3% of what it owns, so there is little spare for a surprise. (Liquidity)
What the company owns moved -0.4%, so it is not putting money into growth. (Growth)
Return on everything it owns is 4.6%, so its assets are sitting relatively idle. (Profitability)
Shareholders' stake moved 6.1% over the year, so value is not accumulating. (Shareholder Returns)

MHL Q4 2082/83 results

In Q4 2082/83 Mandakini Hydropower Limited reported profit of Rs. 1.56 crore and revenue from operations of Rs. 2.8 crore. Profit in Q3 2082/83 was Rs. 0.5 crore. Profit grew 208.38% on the previous quarter. Revenue from operations grew 36.20% on the previous quarter. Profit in Q4 2081/82, the same quarter a year earlier, was Rs. 0.32 crore. Profit grew 384.03% on the same quarter last year. Revenue from operations grew 28.35% on the same quarter last year.

MHL annual results 2082/83

For the financial year 2082/83 Mandakini Hydropower Limited reported net profit of Rs. 5.67 crore, revenue from operations of Rs. 12.17 crore and net worth of Rs. 69.26 crore. Net profit in 2081/82 was Rs. 4.26 crore. Net profit grew 32.93% on the year. Revenue from operations grew 11.48% on the year.

MHL profit and loss for 2082/83

In the financial year 2082/83, Mandakini Hydropower Limited reported revenue from operations of Rs. 12.17 crore, gross profit of Rs. 10.88 crore, operating profit of Rs. 7.7 crore, profit before tax of Rs. 5.67 crore and net profit for the year of Rs. 5.67 crore.

Reported under gross profit: cost of sales of Rs. 1.29 crore. Reported under operating profit: other income of Rs. 0.01 crore, administrative expenses of Rs. 0.43 crore, employee benefit expenses of Rs. 0.16 crore and depreciation and amortisation of Rs. 2.6 crore. Reported under profit before tax: finance costs of Rs. 2.03 crore.

MHL profit and loss for 2081/82

In the financial year 2081/82, Mandakini Hydropower Limited reported revenue from operations of Rs. 10.92 crore, gross profit of Rs. 9.66 crore, operating profit of Rs. 6.83 crore, profit before tax of Rs. 4.48 crore and net profit for the year of Rs. 4.26 crore.

Reported under gross profit: cost of sales of Rs. 1.25 crore. Reported under operating profit: other income of Rs. 1.02 crore, selling and distribution expenses of Rs. 0 crore, administrative expenses of Rs. 0.54 crore, employee benefit expenses of Rs. 0.17 crore, depreciation and amortisation of Rs. 2.97 crore, allowance for expected credit loss of Rs. 0 crore and other operating expenses of Rs. 0.17 crore. Reported under profit before tax: finance costs of Rs. 2.35 crore and gain on investments through fair value of Rs. 0 crore. Reported under net profit for the year: current tax of Rs. 0.22 crore, deferred tax of Rs. 0 crore and prior period tax adjustment of Rs. 0 crore.

MHL profit and loss for 2080/81

In the financial year 2080/81, Mandakini Hydropower Limited reported revenue from operations of Rs. 10.76 crore, gross profit of Rs. 9.2 crore, operating profit of Rs. 6.2 crore, profit before tax of Rs. 3.41 crore and net profit for the year of Rs. 3.25 crore.

Reported under gross profit: cost of sales of Rs. 1.56 crore. Reported under operating profit: other income of Rs. 0.79 crore, selling and distribution expenses of Rs. 0 crore, administrative expenses of Rs. 0.36 crore, employee benefit expenses of Rs. 0.39 crore, depreciation and amortisation of Rs. 3.04 crore, allowance for expected credit loss of Rs. 0 crore and other operating expenses of Rs. 0 crore. Reported under profit before tax: finance costs of Rs. 2.79 crore and gain on investments through fair value of Rs. 0 crore. Reported under net profit for the year: current tax of Rs. 0.16 crore, deferred tax of Rs. 0 crore and prior period tax adjustment of Rs. 0 crore.

MHL balance sheet for 2081/82

In the financial year 2081/82, Mandakini Hydropower Limited reported total non-current assets of Rs. 85.08 crore, total current assets of Rs. 8.5 crore, total equity of Rs. 69.26 crore, total non-current liabilities of Rs. 23.65 crore and total current liabilities of Rs. 0.67 crore.

Reported under total non-current assets: property, plant and equipment of Rs. 1.1 crore, capital work-in-progress of Rs. 9.78 crore, intangible assets of Rs. 70.84 crore, right-of-use assets of Rs. 0 crore, deferred tax assets of Rs. 0 crore, investment in quoted shares of Rs. 0 crore, investment in subsidiaries of Rs. 0 crore, other financial assets of Rs. 3.35 crore and other non-current assets of Rs. 0 crore. Reported under total current assets: inventories of Rs. 0.03 crore, trade receivables of Rs. 0 crore, cash and cash equivalents of Rs. 1.18 crore, bank balance (other than cash and cash equivalents) of Rs. 0 crore, advances of Rs. 0 crore, income tax assets (net) of Rs. 0.1 crore, investments in fixed deposit of Rs. 0 crore, prepayments of Rs. 0 crore, other financial assets of Rs. 0.01 crore and other current assets of Rs. 7.17 crore. Reported under total equity: share capital of Rs. 64.68 crore, share premium reserve of Rs. 0 crore, reserve and surplus of Rs. 0 crore, retained earnings of Rs. 0 crore, other equity of Rs. 4.58 crore and non-controlling interest of Rs. 0 crore. Reported under total non-current liabilities: long term borrowings of Rs. 23.29 crore, lease liabilities of Rs. 0 crore, deferred tax liabilities (net) of Rs. 0 crore, retirement benefit obligation of Rs. 0 crore, other financial liabilities of Rs. 0.36 crore and provisions of Rs. 0 crore. Reported under total current liabilities: short term borrowings of Rs. 0 crore, trade payables of Rs. 0 crore, lease liabilities of Rs. 0 crore, retirement benefit obligation of Rs. 0 crore, other financial liabilities of Rs. 0.43 crore, other current liabilities of Rs. 0.24 crore, provisions of Rs. 0 crore and income tax liabilities (net) of Rs. 0 crore.

MHL balance sheet for 2080/81

In the financial year 2080/81, Mandakini Hydropower Limited reported total non-current assets of Rs. 85.3 crore, total current assets of Rs. 8.6 crore, total equity of Rs. 65.3 crore, total non-current liabilities of Rs. 28.12 crore and total current liabilities of Rs. 0.48 crore.

Reported under total non-current assets: property, plant and equipment of Rs. 0.69 crore, capital work-in-progress of Rs. 7.51 crore, intangible assets of Rs. 73.26 crore, right-of-use assets of Rs. 0 crore, deferred tax assets of Rs. 0 crore, investment in quoted shares of Rs. 0 crore, investment in subsidiaries of Rs. 0 crore, other financial assets of Rs. 3.84 crore and other non-current assets of Rs. 0 crore. Reported under total current assets: inventories of Rs. 0.03 crore, trade receivables of Rs. 0 crore, cash and cash equivalents of Rs. 6.06 crore, bank balance (other than cash and cash equivalents) of Rs. 0 crore, advances of Rs. 0 crore, income tax assets (net) of Rs. 0.2 crore, investments in fixed deposit of Rs. 0 crore, prepayments of Rs. 0 crore, other financial assets of Rs. 0.02 crore and other current assets of Rs. 2.29 crore. Reported under total equity: share capital of Rs. 61.6 crore, share premium reserve of Rs. 0 crore, reserve and surplus of Rs. 0 crore, retained earnings of Rs. 0 crore, other equity of Rs. 3.7 crore and non-controlling interest of Rs. 0 crore. Reported under total non-current liabilities: long term borrowings of Rs. 27.99 crore, lease liabilities of Rs. 0 crore, deferred tax liabilities (net) of Rs. 0 crore, retirement benefit obligation of Rs. 0 crore, other financial liabilities of Rs. 0.14 crore and provisions of Rs. 0 crore. Reported under total current liabilities: short term borrowings of Rs. 0 crore, trade payables of Rs. 0 crore, lease liabilities of Rs. 0 crore, retirement benefit obligation of Rs. 0 crore, other financial liabilities of Rs. 0.26 crore, other current liabilities of Rs. 0.22 crore, provisions of Rs. 0 crore and income tax liabilities (net) of Rs. 0 crore.

MHL balance sheet for 2079/80

In the financial year 2079/80, Mandakini Hydropower Limited reported total non-current assets of Rs. 83.98 crore, total current assets of Rs. 14.03 crore, total equity of Rs. 62.15 crore, total non-current liabilities of Rs. 33.57 crore and total current liabilities of Rs. 2.29 crore.

Reported under total non-current assets: property, plant and equipment of Rs. 0.74 crore, capital work-in-progress of Rs. 7.34 crore, intangible assets of Rs. 75.9 crore, right-of-use assets of Rs. 0 crore, deferred tax assets of Rs. 0 crore, investment in quoted shares of Rs. 0 crore, investment in subsidiaries of Rs. 0 crore, other financial assets of Rs. 0 crore and other non-current assets of Rs. 0 crore. Reported under total current assets: inventories of Rs. 0.03 crore, trade receivables of Rs. 0 crore, cash and cash equivalents of Rs. 0.72 crore, bank balance (other than cash and cash equivalents) of Rs. 0 crore, advances of Rs. 0 crore, income tax assets (net) of Rs. 0.32 crore, investments in fixed deposit of Rs. 10 crore, prepayments of Rs. 0 crore, other financial assets of Rs. 0.04 crore and other current assets of Rs. 2.92 crore. Reported under total equity: share capital of Rs. 58.8 crore, share premium reserve of Rs. 0 crore, reserve and surplus of Rs. 0 crore, retained earnings of Rs. 0 crore, other equity of Rs. 3.34 crore and non-controlling interest of Rs. 0 crore. Reported under total non-current liabilities: long term borrowings of Rs. 33.39 crore, lease liabilities of Rs. 0 crore, deferred tax liabilities (net) of Rs. 0 crore, retirement benefit obligation of Rs. 0 crore, other financial liabilities of Rs. 0.18 crore and provisions of Rs. 0 crore. Reported under total current liabilities: short term borrowings of Rs. 1.37 crore, trade payables of Rs. 0 crore, lease liabilities of Rs. 0 crore, retirement benefit obligation of Rs. 0 crore, other financial liabilities of Rs. 0.56 crore, other current liabilities of Rs. 0.35 crore, provisions of Rs. 0 crore and income tax liabilities (net) of Rs. 0 crore.

MHL cash flow for 2081/82

In the financial year 2081/82, Mandakini Hydropower Limited reported opening cash & cash equivalents of Rs. 6.06 crore, net cash from operating activities of Rs. 2.83 crore, net cash from investing activities of Rs. 2.84 crore, net cash from financing activities of Rs. 4.87 crore, net change in cash of Rs. 4.88 crore and closing cash & cash equivalents of Rs. 1.18 crore.

Reported under net cash from operating activities: profit before tax of Rs. 4.13 crore, adjustment for depreciation and amortisation of Rs. 2.97 crore, changes in working capital of Rs. 4.46 crore and income tax paid of Rs. 0.1 crore. Reported under net cash from investing activities: purchase of property, plant and equipment of Rs. 0.56 crore, proceeds from sale of property, plant and equipment of Rs. 0.16 crore and purchase of investments of Rs. 0.49 crore. Reported under net cash from financing activities: repayment of borrowings of Rs. 4.7 crore and dividends paid of Rs. 3.24 crore.

MHL cash flow for 2080/81

In the financial year 2080/81, Mandakini Hydropower Limited reported opening cash & cash equivalents of Rs. 0.72 crore, net cash from operating activities of Rs. 6.62 crore, net cash from investing activities of Rs. 5.64 crore, net cash from financing activities of Rs. 6.91 crore, net change in cash of Rs. 5.34 crore and closing cash & cash equivalents of Rs. 6.06 crore.

Reported under net cash from operating activities: profit before tax of Rs. 3.3 crore, adjustment for depreciation and amortisation of Rs. 3.04 crore, changes in working capital of Rs. 0.16 crore and income tax paid of Rs. 0.12 crore. Reported under net cash from investing activities: purchase of property, plant and equipment of Rs. 0.02 crore, proceeds from sale of property, plant and equipment of Rs. 0 crore and purchase of investments of Rs. 6.16 crore. Reported under net cash from financing activities: repayment of borrowings of Rs. 6.77 crore and dividends paid of Rs. 2.94 crore.

MHL cash flow for 2079/80

In the financial year 2079/80, Mandakini Hydropower Limited reported opening cash & cash equivalents of Rs. 2.32 crore, net cash from operating activities of Rs. 8.13 crore, net cash from investing activities of Rs. 15.38 crore, net cash from financing activities of Rs. 5.65 crore, net change in cash of Rs. 1.6 crore and closing cash & cash equivalents of Rs. 0.72 crore.

Reported under net cash from operating activities: profit before tax of Rs. 2.68 crore, adjustment for depreciation and amortisation of Rs. 3.12 crore, changes in working capital of Rs. 2.7 crore and income tax paid of Rs. 0.12 crore. Reported under net cash from investing activities: purchase of property, plant and equipment of Rs. 0.04 crore, proceeds from sale of property, plant and equipment of Rs. 0 crore and purchase of investments of Rs. 9.94 crore. Reported under net cash from financing activities: repayment of borrowings of Rs. 2.58 crore and dividends paid of Rs. 2.94 crore.

MHL quarterly for Q4 2082/83

In the quarter Q4 2082/83, Mandakini Hydropower Limited reported revenue from operations of Rs. 2.8 crore, gross profit of Rs. 2.53 crore, operating profit of Rs. 2.09 crore, profit before tax of Rs. 1.56 crore and net profit for the year of Rs. 1.56 crore.

Reported under gross profit: cost of sales of Rs. 0.27 crore. Reported under operating profit: other income of Rs. 0 crore, administrative expenses of Rs. 0.09 crore, employee benefit expenses of Rs. 0.03 crore and depreciation and amortisation of Rs. 0.33 crore. Reported under profit before tax: finance costs of Rs. 0.53 crore. Reported under net profit for the year: current tax of Rs. 0 crore.

MHL quarterly for Q3 2082/83

In the quarter Q3 2082/83, Mandakini Hydropower Limited reported revenue from operations of Rs. 2.06 crore, gross profit of Rs. 1.85 crore, operating profit of Rs. 0.96 crore, profit before tax of Rs. 0.5 crore and net profit for the year of Rs. 0.5 crore.

Reported under gross profit: cost of sales of Rs. 0.21 crore. Reported under operating profit: other income of Rs. 0 crore, administrative expenses of Rs. 0.09 crore, employee benefit expenses of Rs. 0.04 crore and depreciation and amortisation of Rs. 0.76 crore. Reported under profit before tax: finance costs of Rs. 0.45 crore.

MHL quarterly for Q2 2082/83

In the quarter Q2 2082/83, Mandakini Hydropower Limited reported revenue from operations of Rs. 2.82 crore, gross profit of Rs. 2.52 crore, operating profit of Rs. 1.65 crore, profit before tax of Rs. 1.17 crore and net profit for the year of Rs. 1.17 crore.

Reported under gross profit: cost of sales of Rs. 0.3 crore. Reported under operating profit: other income of Rs. 0 crore, administrative expenses of Rs. 0.07 crore, employee benefit expenses of Rs. 0.04 crore and depreciation and amortisation of Rs. 0.77 crore. Reported under profit before tax: finance costs of Rs. 0.49 crore.

MHL quarterly for Q1 2082/83

In the quarter Q1 2082/83, Mandakini Hydropower Limited reported revenue from operations of Rs. 4.49 crore, gross profit of Rs. 3.97 crore, operating profit of Rs. 3 crore, profit before tax of Rs. 2.44 crore and net profit for the year of Rs. 2.44 crore.

Reported under gross profit: cost of sales of Rs. 0.52 crore. Reported under operating profit: other income of Rs. 0 crore, administrative expenses of Rs. 0.19 crore, employee benefit expenses of Rs. 0.05 crore and depreciation and amortisation of Rs. 0.74 crore. Reported under profit before tax: finance costs of Rs. 0.56 crore.

MHL Profit & Loss

Values in Rs. Crore unless stated otherwise.

Particulars	2082/83	2081/82	2080/81	2079/80	2078/79
Revenue from Operations	12.2	10.9	10.8	9.8	11.4
Gross Profit	10.9	9.7	9.2	8.0	9.6
Cost of Sales	-1.3	-1.3	-1.6	-1.8	-1.8
Operating Profit	7.7	6.8	6.2	6.2	6.3
Other Income	0.01	1.0	0.79	2.0	0.19
Selling and Distribution Expenses	Not reported	0.00	0.00	0.00	0.00
Administrative Expenses	-0.43	-0.54	-0.36	-0.32	-0.25
Employee Benefit Expenses	-0.16	-0.17	-0.39	-0.27	-0.26
Depreciation and Amortisation	-2.6	-3.0	-3.0	-3.1	-2.9
Allowance for Expected Credit Loss	Not reported	0.00	0.00	0.00	0.00
Other Operating Expenses	Not reported	-0.17	0.00	0.00	0.00
Profit Before Tax	5.7	4.5	3.4	3.0	3.3
Finance Costs	-2.0	-2.3	-2.8	-3.2	-3.0
Gain on Investments through Fair Value	Not reported	0.00	0.00	0.00	0.00
Net Profit for the Year	5.7	4.3	3.2	2.7	3.3
Current Tax	Not reported	-0.22	-0.16	-0.34	0.00
Deferred Tax	Not reported	0.00	0.00	0.00	0.00
Prior Period Tax Adjustment	Not reported	0.00	0.00	0.00	0.00

MHL Balance Sheet

Values in Rs. Crore unless stated otherwise.

Particulars	2081/82	2080/81	2079/80	2078/79
Total Non-Current Assets	85.1	85.3	84.0	81.7
Property, Plant and Equipment	1.1	0.69	0.74	0.77
Capital Work-in-Progress	9.8	7.5	7.3	6.9
Intangible Assets	70.8	73.3	75.9	74.0
Right-of-Use Assets	0.00	0.00	0.00	0.00
Deferred Tax Assets	0.00	0.00	0.00	0.00
Investment in Quoted Shares	0.00	0.00	0.00	0.00
Investment in Subsidiaries	0.00	0.00	0.00	0.00
Other Financial Assets	3.4	3.8	0.00	0.06
Other Non-Current Assets	0.00	0.00	0.00	0.00
Total Current Assets	8.5	8.6	14.0	10.4
Inventories	0.03	0.03	0.03	0.58
Trade Receivables	0.00	0.00	0.00	0.00
Cash and Cash Equivalents	1.2	6.1	0.72	2.3
Bank Balance (other than Cash and Cash Equivalents)	0.00	0.00	0.00	0.00
Advances	0.00	0.00	0.00	0.00
Income Tax Assets (Net)	0.10	0.20	0.32	0.20
Investments in Fixed Deposit	0.00	0.00	10.0	0.00
Prepayments	0.00	0.00	0.00	0.00
Other Financial Assets	0.01	0.02	0.04	0.06
Other Current Assets	7.2	2.3	2.9	7.3
Total Equity	69.3	65.3	62.1	51.5
Share Capital	64.7	61.6	58.8	47.6
Share Premium Reserve	0.00	0.00	0.00	0.00
Reserve and Surplus	0.00	0.00	0.00	0.00
Retained Earnings	0.00	0.00	0.00	0.00
Other Equity	4.6	3.7	3.3	3.9
Non-Controlling Interest	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	23.7	28.1	33.6	37.6
Long Term Borrowings	23.3	28.0	33.4	37.3
Lease Liabilities	0.00	0.00	0.00	0.00
Deferred Tax Liabilities (Net)	0.00	0.00	0.00	0.00
Retirement Benefit Obligation	0.00	0.00	0.00	0.00
Other Financial Liabilities	0.36	0.14	0.18	0.22
Provisions	0.00	0.00	0.00	0.00
Total Current Liabilities	0.67	0.48	2.3	3.1
Short Term Borrowings	0.00	0.00	1.4	0.00
Trade Payables	0.00	0.00	0.00	0.00
Lease Liabilities	0.00	0.00	0.00	0.00
Retirement Benefit Obligation	0.00	0.00	0.00	0.00
Other Financial Liabilities	0.43	0.26	0.56	3.1
Other Current Liabilities	0.24	0.22	0.35	0.01
Provisions	0.00	0.00	0.00	0.00
Income Tax Liabilities (Net)	0.00	0.00	0.00	0.00

MHL Cash Flow

Values in Rs. Crore unless stated otherwise.

Particulars	2081/82	2080/81	2079/80	2078/79
Opening Cash & Cash Equivalents	6.1	0.72	2.3	2.3
Net Cash from Operating Activities	2.8	6.6	8.1	-0.02
Profit Before Tax	4.1	3.3	2.7	3.3
Adjustment for Depreciation and Amortisation	3.0	3.0	3.1	2.9
Changes in Working Capital	-4.5	0.16	2.7	-6.2
Income Tax Paid	0.10	0.12	-0.12	-0.01
Net Cash from Investing Activities	-2.8	5.6	-15.4	-1.5
Purchase of Property, Plant and Equipment	-0.56	-0.02	-0.04	-0.01
Proceeds from Sale of Property, Plant and Equipment	0.16	0.00	0.00	0.00
Purchase of Investments	0.49	6.2	-9.9	0.00
Net Cash from Financing Activities	-4.9	-6.9	5.7	1.5
Repayment of Borrowings	-4.7	-6.8	-2.6	-4.9
Dividends Paid	-3.2	-2.9	-2.9	0.00
Net Change in Cash	-4.9	5.3	-1.6	-0.00
Closing Cash & Cash Equivalents	1.2	6.1	0.72	2.3

MHL Quarterly Results

Values in Rs. Crore unless stated otherwise.

Particulars	Q4 2082/83	Q3 2082/83	Q2 2082/83	Q1 2082/83	Q4 2081/82	Q3 2081/82	Q2 2081/82	Q1 2081/82	Q4 2080/81	Q2 2080/81	Q1 2080/81
Revenue from Operations	2.8	2.1	2.8	4.5	2.2	1.8	2.5	4.4	1.8	2.8	4.4
Gross Profit	2.5	1.8	2.5	4.0	1.9	1.6	2.2	3.9	1.6	2.4	3.9
Cost of Sales	-0.27	-0.21	-0.30	-0.52	-0.25	-0.22	-0.29	-0.55	-0.20	-0.48	-0.51
Operating Profit	2.1	0.96	1.7	3.0	0.85	0.64	1.3	3.7	0.83	1.7	3.2
Other Income	0.00	0.00	0.00	0.00	0.03	0.02	0.09	0.76	0.18	0.21	0.33
Administrative Expenses	-0.09	-0.09	-0.07	-0.19	-0.08	-0.12	-0.20	-0.13	-0.10	-0.04	-0.09
Employee Benefit Expenses	-0.03	-0.04	-0.04	-0.05	-0.07	-0.08	-0.08	-0.12	-0.06	-0.06	-0.12
Depreciation and Amortisation	-0.33	-0.76	-0.77	-0.74	-0.97	-0.72	-0.72	-0.73	-0.80	-0.78	-0.78
Profit Before Tax	1.6	0.50	1.2	2.4	0.33	0.10	0.77	3.0	0.17	1.0	2.4
Finance Costs	-0.53	-0.45	-0.49	-0.56	-0.52	-0.54	-0.56	-0.65	-0.65	-0.68	-0.81
Net Profit for the Year	1.6	0.50	1.2	2.4	0.32	0.10	0.74	2.8	0.01	0.95	2.4
Current Tax	-0.00	Not reported	Not reported	Not reported	-0.01	-0.00	-0.02	-0.19	-0.17	-0.05	Not reported

Mandakini Hydropower share price history

Over the last 15 trading sessions MHL closed between Rs. 443.30 and Rs. 473.40, finishing at Rs. 464.80 on 2026-09-22 against Rs. 450.00 on 2026-08-26.

Date	Open	High	Low	Close	Volume
2026-09-22	460.00	474.00	450.10	464.80	15,359
2026-09-18	460.00	472.00	460.00	470.00	6,452
2026-09-17	460.00	473.80	460.00	464.00	5,476
2026-09-16	474.00	475.00	460.00	463.00	4,635
2026-09-15	484.00	484.00	457.20	473.40	7,223
2026-09-14	450.00	469.00	450.00	461.00	5,744
2026-09-11	443.00	455.00	441.00	455.00	2,347
2026-09-10	438.10	445.00	435.00	443.90	2,945
2026-09-09	452.90	455.00	442.40	445.50	1,110
2026-09-07	445.00	454.50	444.00	452.90	4,993
2026-09-03	442.50	447.80	440.00	445.00	1,354
2026-09-02	435.10	444.50	435.00	443.30	5,301
2026-09-01	449.00	449.00	440.10	445.00	3,452
2026-08-31	450.00	450.00	437.00	447.00	3,670
2026-08-26	458.00	459.00	440.00	450.00	11,337

MHL share price by year

2026, between Rs. 435.00 and Rs. 580.00, 2025, between Rs. 445.00 and Rs. 1,088.00, 2024, between Rs. 344.29 and Rs. 1,048.57, 2023, between Rs. 220.12 and Rs. 380.23 and 2022, between Rs. 215.75 and Rs. 396.41.

Year	Low (Rs.)	High (Rs.)	Sessions
2026	435.00	580.00	168
2025	445.00	1,088.00	225
2024	344.29	1,048.57	232
2023	220.12	380.23	227
2022	215.75	396.41	84

Mandakini Hydropower share price returns

At Rs. 464.80 on 2026-09-22, MHL is down 1.82% over 1 week, up 1.26% over 1 month, down 3.29% over 3 months, down 15.37% over 6 months and down 3.90% over 1 year. Each return compares that close with the last close on or before the same date in the earlier period.

Period	Return	From price (Rs.)	From date
1 week	-1.82%	473.40	2026-09-15
1 month	+1.26%	459.00	2026-08-21
3 months	-3.29%	480.60	2026-06-24
6 months	-15.37%	549.20	2026-03-26
1 year	-3.90%	483.64	2025-09-21

MHL floorsheet for 2026-09-22

MHL traded 86 times on 2026-09-22, moving 15,339 shares for Rs. 0.71 crore of turnover. Trades went through between Rs. 450.10 and Rs. 474.00.

Largest buyers by volume: broker 32, Premier Securites Company Limited on 6,150 shares across 7 trades, broker 59, Deevyaa Securities & Stock House Pvt. Ltd on 1,530 shares across 8 trades, broker 42, Sani Securities Company Limited on 1,233 shares across 11 trades, broker 67, Property Wizard Limited on 1,000 shares across 3 trades, broker 14, Nepal Stock House Pvt. Limited on 800 shares across 3 trades, broker 71, Shubhakamana Securities Pvt. Ltd on 610 shares across 3 trades, broker 88, Blue Chip Securities Ltd on 500 shares across 1 trades, broker 94, K.B.L. Securities Limited on 500 shares across 6 trades, broker 17, ABC Securities Pvt. Limited on 300 shares across 2 trades and broker 40, Creative Securities Pvt.Limited on 280 shares across 6 trades.

Largest sellers by volume: broker 49, Online Securities Limited on 9,020 shares across 28 trades, broker 82, N.M.B. Securities Limited on 1,500 shares across 5 trades, broker 58, Naasa Securities Co. Ltd. on 1,310 shares across 12 trades, broker 56, Sri Hari Securities Pvt.Ltd on 720 shares across 7 trades, broker 10, Pragyan Securities Pvt. Limited on 710 shares across 5 trades, broker 90, Sajilo Broker Limited on 540 shares across 5 trades, broker 45, Imperial Securities Co. Limited on 510 shares across 2 trades, broker 41, Linch Stock Market Limited on 310 shares across 5 trades, broker 35, Kohinoor Investment and Securities Pvt.Ltd on 294 shares across 3 trades and broker 71, Shubhakamana Securities Pvt. Ltd on 200 shares across 1 trades.

MHL dividend history: bonus shares and cash dividend

Mandakini Hydropower Limited most recently declared a 5% bonus share issue for 2080/2081, announced on 2024-10-22. Percentages are of paid up value. Declared, not necessarily paid: a dividend is subject to the annual general meeting approving it.

Financial year	Bonus share	Cash dividend	Announced
2080/2081	5%		2024-10-22
2079/2080	4.75%		2023-12-15
2078/2079		5%	2022-12-22

For 2080/2081 Mandakini Hydropower Limited declared a 5% bonus share issue, announced on 2024-10-22.

For 2079/2080 Mandakini Hydropower Limited declared a 4.75% bonus share issue, announced on 2023-12-15.

For 2078/2079 Mandakini Hydropower Limited declared a 5% cash dividend, announced on 2022-12-22.

MHL general meetings

Annual and special general meetings Mandakini Hydropower Limited has called. A dividend is declared by the board and approved at the AGM.

12th AGM for 2081/2082: on 2026-01-13, at Surya Catering and Party Palace, Dhumbarahi, Aanandamarga, Kathmandu (1:30 PM)
11th AGM for 2080/2081: on 2024-11-22, at Nepali Chulo, Lazimpat, Kathmandu (8:00 AM)
10th AGM for 2079/2080: on 2024-01-14, at Foodland & Banquet, Battisputali, Kathmandu (11:00 AM)

5 years of annual statements and 11 quarters of results for MHL, with charts and peer comparison, are free on NepView.

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