Top2 min readNepal’s Economy Shows Moderate Recovery Amid Slowing Capital FormationNepal’s Economy Shows Moderate Recovery Amid Slowing Capital Formation Nepal’s latest macroeconomic indicators highlight a fragile but improving economic outlook, with real GDP growth projected at 4.0 percent in FY 2024/25, up from 3.4 percent in the previous year. While growth momentum appears to be returning, structural challenges in investment and savings continue to pose risks to long-term stability.Dipesh Ghimire·24 Aug, 2025
Top2 min readNEPSE in Risk, Market Downturn Amid Regulatory Pressure and Technical BreakdownNEPSE in Risk, Market Downturn Amid Regulatory Pressure and Technical Breakdown The stock market fell again on Sunday, the first trading day of the week, extending its losing streak for the third consecutive session. Analysts attribute the decline to the recent government decision mandating National Identity Cards for stock market transactions, which has created fear of asset scrutiny and money laundering exposure. Many investors are believed to have sold their holdings due to this regulatory pressure. Non-Resident Nepalis (NRNs), who were active participants in Nepal’s secondary market, are also reportedly exiting due to difficulties in updating their identity documents. As a result, investor confidence has weakened further.Dipesh Ghimire·24 Aug, 2025
RIDI1 min readRidi Power Company Limited (RIDI) Q4 Results: Strong Turnaround to ProfitabilityRidi Power Company Limited (RIDI) ended FY 2024/25 Q4 with Rs. 355.75 million in revenue and Rs. 106.81 million net profit, reversing last year’s huge losses. EPS turned positive at Rs. 4.60, while both ROA and ROE showed strong recovery. With its market value up to Rs. 258.02 per share, RIDI has successfully regained investor trust. Sustaining profitability and margin stability will be key as the company seeks to build on this turnaround momentum.Sandeep Chaudhary·23 Aug, 2025
UMRH1 min readUnited IDI Mardi RB Hydropower Limited (UMRH) Q4 Results: Revenue Stable but Profit DeclinesUnited IDI Mardi RB Hydropower (UMRH) ended FY 2024/25 Q4 with Rs. 159.86 million in revenue and Rs. 26.27 million in profit, compared to Rs. 18.36 million last year. While revenue remained steady and gross margins stayed high at 89%, EPS dropped sharply to Rs. 5.70 and ROE fell, pointing to earnings pressure. With a high market value of Rs. 611.69 and strong dividend distribution (Rs. 4.21), UMRH continues to enjoy investor confidence, but sustaining profitability will be key.Sandeep Chaudhary·23 Aug, 2025
UPPER1 min readUpper Tamakoshi Hydropower Ltd. (UPPER) Struggles with Heavy Losses Despite Strong RevenuesUpper Tamakoshi Hydropower Ltd. (UPPER) closed FY 2024/25 Q4 with Rs. 6.92 billion in revenue but a net loss of Rs. 2.57 billion, marking its continued struggle to translate strong generation capacity into sustainable profits. While operational margins remain high at 97%, excessive debt and financial costs are eroding profitability. EPS remains negative, book value per share continues to fall, but investor confidence is still reflected in a higher market price of Rs. 198.56. UPPER’s turnaround will depend on restructuring debt and improving financial discipline.Sandeep Chaudhary·23 Aug, 2025
RFPL1 min readRiver Falls Power Limited (RFPL) Q4 Results: Revenue Up but Profitability Almost Wiped OutRiver Falls Power Limited (RFPL) ended FY 2024/25 Q4 with Rs. 232.94 million revenue and only Rs. 1.08 million profit, down from Rs. 61.63 million last year. While revenues grew nearly 20% and gross margins stayed above 93%, profits collapsed, leading to negligible EPS (0.15) and an extremely high PE multiple. With a strong market price of Rs. 616.50, RFPL’s valuation appears speculative, relying heavily on future growth expectations rather than current profitability.Sandeep Chaudhary·23 Aug, 2025
UNHPL1 min readUnion Hydropower Limited (UNHPL) Posts Steady Growth with Improved Profitability in Q4Union Hydropower Limited (UNHPL) ended FY 2024/25 Q4 with Rs. 75.10 million in revenue and Rs. 26.22 million net profit, marking a more than 2.5x jump in earnings from last year. With EPS at Rs. 3.50, strong gross margins above 97%, and rising ROA/ROE, UNHPL has consolidated its financial stability. However, its high PE ratio (119x) suggests the stock is trading at expensive valuations relative to earnings. With a market price of Rs. 417.81, investors appear bullish on UNHPL’s long-term growth potential.Sandeep Chaudhary·23 Aug, 2025
GUFL1 min readGurkhas Finance Ltd. (GUFL) Reports Heavy Loss in Q4 Amid Rising NPL PressureGurkhas Finance Ltd. (GUFL) ended FY 2024/25 Q4 with Rs. 838.09 million revenue but a net loss of Rs. 127.39 million, dragged down by rising NPLs and weak income growth. EPS turned negative (-Rs. 14.68), book value fell, and NPLs hit a concerning 16.10% level. On the positive side, GUFL managed to improve liquidity and maintain spreads while lowering cost of funds. However, restoring asset quality and profitability will be critical for investor confidence going forward.Sandeep Chaudhary·23 Aug, 2025
TSHL1 min readThree Star Hydropower Limited (TSHL) Ends Q4 Nearly Breakeven After Heavy Past LossesThree Star Hydropower Limited (TSHL) ended Q4 FY 2024/25 with Rs. 150.62 million revenue and near breakeven profit of Rs. 0.25 million, marking a recovery from deep losses in the previous year. While gross margins remain strong, net income is minimal, EPS is negligible, and valuations are overstretched. With a high market price of Rs. 731.70, investor confidence in TSHL reflects optimism about future growth in Nepal’s hydropower sector, but sustained profitability will be crucial for long-term stability.Sandeep Chaudhary·23 Aug, 2025
AKPL1 min readArun Kabeli Power Ltd. (AKPL) Swings Back to Strong Profitability in Q4Arun Kabeli Power Ltd. (AKPL) posted a remarkable turnaround in FY 2024/25 Q4 with Rs. 632.29 million in revenue and Rs. 170.16 million in profit, reversing a heavy loss in the same quarter last year. EPS climbed to Rs. 4.37, margins strengthened above 87%, and both ROA and ROE turned positive. With a market price of Rs. 262.97 per share, AKPL has regained investor confidence and reestablished itself as a stable performer in Nepal’s hydropower sector. Sustaining this profitability will be key as the company scales further.Sandeep Chaudhary·23 Aug, 2025