Know which listed hydropower companies have positive net worth per share and dividend distribution capacity
Sun, Sep 6, 2020 10:46 AM on Exclusive, Stock Market,
Most of the hydropower companies have published their fourth-quarter report of fiscal year 2076/2077. Despite the lockdown enforced by the government in the nation, most of the companies have maintained their consistency. Out of 33 listed hydropower companies in NEPSE, only 23 companies have published their Q4 report. However, all the companies will not able to distribute dividends to their shareholders.
We have divided the companies into 2 different categories;
1) Net worth per share of more than Rs. 100.
2) Net worth per share less than Rs. 100.
Let’s look into all the company’s financials and see which company has the capacity to distribute dividends this year:
|
S. N |
Company Name |
Symbol |
Paid-Up Capital (‘000) |
Reserve (‘000) |
Net Profit (‘000) |
Net Worth Per Share (Rs.) |
|---|---|---|---|---|---|---|
|
1 |
Butwal Power Company Limited |
BPCL |
2,683,882 |
4,534,569 |
722,945 |
268.96 |
|
2 |
Chilime Jalavidyut Company Limited |
CHCL |
5,709,763 |
4,296,295 |
748,059 |
175 |
|
3 |
Radhi Bidyut Company Limited |
RADHI |
473,556.50 |
184,290.93 |
74,043.08 |
138.92 |
|
4 |
Sanima Mai Hydropower Limited |
SHPC |
2,553,100 |
659,709.99 |
368,384.63 |
125.84 |
|
5 |
Api Power Company Limited |
API |
1,190,700 |
170,010.80 |
95,779.48 |
114.28 |
|
6 |
Kalika Power Company Limited |
KPCL |
600,000 |
63,479.24 |
51,907.56 |
110.57 |
|
7 |
Arun Valley Hydropower Development Company Limited |
AHPC |
998,323.20 |
81,953.31 |
72,889.31 |
108.21 |
|
8 |
Ridi Hydropower Development Company Limited |
RHPC |
557,674.30 |
36,100.70 |
34,498.48 |
106.47 |
|
9 |
Arun Kabeli Power Limited |
AKPL |
1,500,000 |
94,241.38 |
94,241.48 |
106.28 |
|
10 |
United Modi Hydropower Limited |
UMHL |
1,150,000 |
69,438 |
57,526 |
106.04 |
|
11 |
Chhyangdi Hydropower Limited |
CHL |
283,500 |
15,415.86 |
14,957.11 |
105.44 |
|
12 |
Synergy Power Development Limited |
SPDL |
700,000 |
36,128.05 |
109,378.99 |
105.16 |
|
13 |
Universal Power Company Limited |
UPCL |
2,100,350 |
101,468.77 |
57,107.89 |
104.83 |
|
14 |
Rairang Hydropower Development Company Limited |
RRHP |
560,000 |
12,554.38 |
12,405.49 |
102.24 |
A basic rule of thumb here is that those companies which has net worth per share of more than Rs. 100, are only able to distribute the dividends. Out of 33 companies, 14 companies have their net worth per share above Rs. 100 and all the companies reported positive net profit which tells investors that these companies have the capacity to distribute dividends this year.
S. N |
Company Name |
Symbol |
Paid-Up Capital (‘000) |
Reserve (‘000) |
Net Profit (‘000) |
Net Worth Per Share (Rs.) |
|---|---|---|---|---|---|---|
|
1 |
Himalaya Urja Bikas Company Limited |
HURJA |
990,000 |
-8,535.55 |
4,290.29 |
99.14 |
|
2 |
Rasuwagadhi Hydropower Company Limited |
RHPL |
6,157,890 |
-197,978 |
-69,234 |
96.78 |
|
3 |
Sanjen Jalavidyut Company Limited |
SJCL |
3,285,000 |
-106,556 |
-21,437 |
96.76 |
|
4 |
Upper Tamakoshi Hydropower Limited |
UPPER |
10,590,000 |
-707,923.84 |
-69,308.38 |
93.32 |
|
5 |
Union Hydropower Company Limited |
UNHPL |
750,000 |
-77,193.30 |
-77,193.30 |
89.71 |
|
6 |
Panchthar Power Company Limited |
PPCL |
962,500 |
-139,703.00 |
84,008.12 |
85.49 |
|
7 |
Mountain Hydro Nepal Limited |
MHNL |
1,250,000 |
-230,139.66 |
-66,732.15 |
81.59 |
|
8 |
Ankhu Khola Jalabidhyut Company Limited |
AKJCL |
800,000 |
-258,862.51 |
-31,076.10 |
67.64 |
|
9 |
Dibyashwari Hydropower Limited |
DHPL |
264,000 |
-175,021 |
-43,466 |
33.7 |
Out of 23 companies who have posted the Q4 report, 9 companies have reported net worth per share less than Rs. 100 which is less than par value which means company has a negative reserve and are unable to distribute dividend.
However, this is just one way to anticipate if the company can provide the dividend. It is not guaranteed that companies having net worth per share of more than Rs. 100 will distribute, but those companies have the capacity to distribute.
