Serious fundamental analysis of Nepali listed companies is hard to find. Most market commentary here is price tips and rumors. This series does the slower work: reading the actual annual reports, rating rationales, and NEPSE disclosures, then laying out what a company owns, earns, owes, and trades at, so you can judge it yourself.
How each analysis is built
The business
What the company actually owns and sells, in plain language. No jargon left unexplained.
Financials
Revenue, margins, and profits from audited reports, shown across years so the trend is visible.
Management and ownership
Who runs it, who owns it, and where the promoters' interests sit.
Debt
Borrowings, gearing, and interest coverage: can the business carry what it owes?
Valuation
What the market charges today: price, multiples that actually mean something, and peer context.
Risks
What could go wrong and what could go right, stated plainly in both directions.
Every figure comes from the source document it is cited to. Nothing is invented, nothing is a tip, and nothing here is a buy or sell recommendation.
The analyses
Hydro Power · NEPSE: API · Equity Research
Api Power's record Rs 960.61 million profit is nearly half a paper gain, and every plant is a wasting asset। The market still pays Rs 345।
Manufacturing · NEPSE: SYPNL · Equity Research
SY Panel Nepal promised Rs 108.42 million in profit and delivered Rs 67.52 million. The market prices it at 259 times its earnings anyway.
Microfinance · NEPSE: SWBBL · Equity Research
Swabalamban Laghubitta earned Rs 619.76 million and trades at Rs 695.00. The bad-loan meter refuses to fall.
Banking · NEPSE: NBL
Nepal Bank earns Rs 30.63 a share and trades at Rs 294.70. The market still will not pay above book.
Microfinance · NEPSE: HLBSL
Profits came roaring back at Himalayan Laghubitta. The bad-loan meter keeps climbing.
Hotels & Tourism · NEPSE: CITY
City Hotel halved its debt with a Rs 1.34 billion rights issue. The profits have not followed.
About this series
How often are new company analyses published?
New analyses are published when enough reliable source material is available for a proper breakdown, so the pace is deliberate: quality over quantity. The latest analyses always appear at the top of this page and in the Company analysis section of the blog.
What sources do you use?
Audited annual reports, quarterly financials disclosed through NEPSE, CARE Ratings Nepal and ICRA Nepal rating reports, and official company notices. Every figure is traceable to its source document, and key claims link out to the original.
Is this investment advice?
No. These are educational breakdowns of what a company owns, earns, owes, and trades at. They contain no buy, sell, or hold recommendations. Do your own research and talk to a licensed advisor before investing.
Can I request a company to be analyzed?
Yes. Send the company name through the Facebook page and it goes on the watchlist. Priority goes to companies with fresh disclosures: new annual reports, rights issues, or major corporate actions.