Full company profile of Hydroelectricity Investment and Development Company; Find HIDCL's major invested areas
Sun, Aug 18, 2019 4:03 PM on Company Analysis, Exclusive, Stock Market,
Hydroelectricity Investment and Development Company Ltd.
Symbol: HIDCL
Sector: Others
Number of Outstanding Share: 110,000,000
Introduction
HIDCL is duly recognized by the Government of Nepal and Nepal Rastra Bank (The Central Bank of Nepal) as a financial institution. It was established on 11 July, 2011 to cater the needs of investments in middle to mega hydroelectricity generation, transmission and distribution projects in Nepal. It envisions of becoming the top hydro power investment company in Nepal by mobilizing funds for investment from both domestic and international financial institutions and markets.
Board of Directors
|
S.No. |
Names |
Positions |
|---|---|---|
|
1 |
Dinesh Kumar Ghimire |
Chairman |
|
2 |
Udaya Raj Sapkota |
Director |
|
3 |
Jagannath Devkota |
Director |
|
4 |
Tulasi Prasad Gautam |
Director |
|
5 |
Prakash Sharma |
Independent Director |
|
6 |
Meg Bahadur Bishwakarma |
Independent Director |
|
7 |
Sudhir Gewali |
Public Director |
Promoter Shareholders
|
1 |
Ministry of Finance |
|
2 |
Ministry of Energy |
|
3 |
Ministry of Law, Justice and Parliamentary Affairs |
|
4 |
Financial Comptroller General Office |
|
5 |
Employees Provident Fund |
|
6 |
Rastriya Beema Sansthan |
|
7 |
Citizen Investment Trust |
Subsidiary Company
|
1 |
Remit Hydro Limited (100% subsidiary company) |
Financial Highlights
|
Particulars |
Indicators |
FY15/16 |
FY 16/17 |
FY 17/18 |
Q4 18/19 |
|---|---|---|---|---|---|
|
Investment in Equity |
NPR |
42,000,000 |
80,500,000 |
212,250,000 |
394,050,000 |
|
Investment in Corporate Bond |
NPR |
- |
- |
80,000,000 |
80,000,000 |
|
Term deposit with banks |
NPR |
10,430,000,000 |
9,629,800,000 |
9,230,000,000 |
14,600,000,000 |
|
Finance Income |
NPR |
507,714,492 |
782,522,148 |
1,300,957,288 |
173,640,141 |
|
Call in advance |
NPR |
- |
- |
5,000,000,000 |
5,500,000,000 |
|
Bonus Shares |
Percent |
- |
- |
10 |
- |
|
Cash Dividend |
Percent |
5 |
5 |
- |
- |
|
EPS |
Times |
3.65 |
4.90 |
8.08 |
10.19 |
|
Net Worth per Share |
NPR |
110.00 |
109.91 |
108.68 |
108.50 |
|
P/E Ratio |
NPR |
118.72 |
40.20 |
19.18 |
15.79 |
Source: Annual Report and Quarterly Report of the Bank
Investment in Equity
The following is the detail for the Investment in Equity made by the company till FY 2017/18.
NRs.
|
Companies |
FY 17/18 |
FY 16/17 |
FY 15/16 |
|---|---|---|---|
|
Power Transmission Company Limited |
63,000,000 |
56,000,000 |
42,000,000 |
|
Vidhyut Utpadan Companyu Limited |
132,000,000 |
20,000,000 |
- |
|
Nepal Power Trading Company Limited |
2,250,000 |
2,250,000 |
- |
|
NEA Engineering Company Limited |
15,000,000 |
2,250,000 |
- |
|
Total: |
212,250,000 |
80,500,000 |
42,000,000 |
Facts and Figures
Loan to Power Projects
The following is the detail for the Loan provided by the company to different projects till FY 2017/18.
NRs.
|
Power Projects |
FY 17/18 |
FY 16/17 |
FY 15/16 |
|---|---|---|---|
|
Himalayan Power Partner Limited |
152,342,349 |
92,498,048 |
33,633,122 |
|
Arun Kabeli Power Limited |
199,470,688 |
132,573,210 |
60,995,231 |
|
Mountain Hydro Nepal P. Ltd. |
145,135,228 |
99,474,370 |
31,921,596 |
|
Upper Solu Hydroelectric Co. Ltd. |
135,252,589 |
77,687,552 |
30,436,990 |
|
Solu Hydropower Private Limited |
263,975,000 |
160,725,000 |
- |
|
Mandu Hydropower Ltd. |
155,686,854 |
29,494,767 |
- |
|
Robust Energy Ltd. |
242,107,966 |
136,586,811 |
- |
|
Nyadi Hydropower Limited |
91,344,364 |
33,591,728 |
- |
|
Gross Debt: |
1,385,315,038 |
762,631,486 |
156,986,939 |
Price History (2016-07-12 to 2019-08-12)
Source: SSpro
Highest Trading Price: Rs.501 (2016-07-18)
Lowest Trading Price: Rs.128 (2019-03-06)
Highest Closing Price: Rs. 476 (2016-07-17)
Lowest Closing Price: Rs. 130 (2019-02-24)
52-weeks High: Rs. 182
52-week Low: Rs. 128
Dividend History
Monthly Stock Outlook
Source: SSpro
Based on its stock performance since 2016, (HIDCL) Hydroelectricity Investment and Development Company Limited has closed higher in 66.67 % of Mar months. In terms of price change, it has gained the most (6.7 % on average) in Apr month.
Measurement of Investment Risk (VAR)
Measurement of Systematic Risk (Beta)
During the four years (FY 2015/16 to FY 2018/19), the company has able to maintained its CAGR in net profit by 45.41%. In the fiscal year 2018/19, it became the top most traded companies in terms of volume and numbers of transactions in the sector ‘Others’.
It has been facilitating its shareholders with cash dividend and bonus shares. Recently, HIDCL has proposed to come up with a 100% rights issue of 110,000,000 equity shares, with a face value of NPR 100, issued at par to the existing shareholders.
In the country like Nepal with the huge potentiality for electricity and with an increasing annual demand for electricity from both domestic and international level but limited capital for investment, HIDCL has great role to play in the future.
