Mandakini Hydropower Limited (MHL) Share Price & Fundamentals

Mandakini Hydropower (MHL) share price is Rs. 446.80, up 1.32% on 2026-10-12. Open Rs. 441.20. High Rs. 454.00. Low Rs. 440.20. Volume 3,663.

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

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: proceeds from issue of share capital of Rs. 11.17 crore, 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.

MHL Balance Sheet

Values in Rs. Crore unless stated otherwise.

MHL Cash Flow

Values in Rs. Crore unless stated otherwise.

MHL Quarterly Results

Values in Rs. Crore unless stated otherwise.

Mandakini Hydropower share price history

Over the last 15 trading sessions MHL closed between Rs. 441.00 and Rs. 470.00, finishing at Rs. 446.80 on 2026-10-12 against Rs. 470.00 on 2026-09-18.

MHL share price by year

2026, between Rs. 433.00 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.

Mandakini Hydropower share price returns

At Rs. 446.80 on 2026-10-12, MHL is up 0.43% over 1 week, down 1.80% over 1 month, down 4.94% over 3 months, down 16.49% over 6 months and down 1.91% over 1 year. Each return compares that close with the last close on or before the same date in the earlier period.

MHL floorsheet for 2026-10-12

MHL traded 48 times on 2026-10-12, moving 3,663 shares for Rs. 0.16 crore of turnover. Trades went through between Rs. 440.20 and Rs. 454.00.

Largest buyers by volume: broker 25, Sweta Securities Pvt. Limited on 610 shares across 1 trades, broker 45, Imperial Securities Co. Limited on 600 shares across 3 trades, broker 52, Sundhara Securities Limited on 500 shares across 2 trades, broker 67, Property Wizard Limited on 500 shares across 2 trades, broker 44, Dynamic Money Managers Securities Pvt.Ltd on 310 shares across 12 trades, broker 42, Sani Securities Company Limited on 290 shares across 4 trades, broker 74, Kalash Stock Market Pvt. Ltd. on 200 shares across 1 trades, broker 40, Creative Securities Pvt.Limited on 180 shares across 10 trades, broker 7, J.F. Securities Company Pvt. Limited on 155 shares across 1 trades and broker 88, Blue Chip Securities Ltd on 140 shares across 6 trades.

Largest sellers by volume: broker 7, J.F. Securities Company Pvt. Limited on 1,646 shares across 8 trades, broker 62, Capital Max Securities Limited on 637 shares across 5 trades, broker 42, Sani Securities Company Limited on 550 shares across 5 trades, broker 3, Arun Securities Pvt. Limited on 260 shares across 2 trades, broker 57, Arya Tara Investment And Securities Pvt. Ltd. on 231 shares across 6 trades, broker 33, Dakshinkali Investment Securities Pvt.Limited on 110 shares across 3 trades, broker 38, Dipshika Dhitopatra Karobar Co. Pvt.Limited on 50 shares across 4 trades, broker 63, Himalayan Brokerage Company Limited on 39 shares across 2 trades, broker 56, Sri Hari Securities Pvt.Ltd on 30 shares across 2 trades and broker 58, Naasa Securities Co. Ltd. on 20 shares across 2 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.

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.

New to these statements? How to read a profit and loss statement, How to read a balance sheet, How to read a cash flow statement, How to read quarterly results.

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