Research & Analysis

Our Research

Fundamental analysis of Nepal's industries and companies. Each sector starts with an industry overview, followed by individual company deep-dives.

43 reports10 sectors32 companies

3 of 43 reports

Sector & Industry Reports

1 report

Sector Report

Nepal Cement Industry — Sector Analysis

Nepal's cement industry has approximately 22 MT/year of installed capacity against ~8 MT/year of domestic demand. National capacity utilisation is ~35–40%. This report covers industry structure, the FY 2024/25 plant closures in Koshi Province, the India export corridor, NEA dedicated-line tariff disputes, and the macro setup.

May 10, 2026

Company Research

2 reports

SARBTM18 min

Sarbottam Cement Ltd (NEPSE: SARBTM) — Investment Report

Sarbottam Cement's (NEPSE: SARBTM) FY2082/83 profit grew 7.7%, but a 272-basis-point drop in borrowing costs explains all of it — and gross margin fell every quarter, from 31.0% to 17.4%, during the year.

Oct 3, 2026

SHIVM16 min

Shivam Cements (NEPSE: SHIVM) — Investment Report

Shivam Cements is Nepal's first listed cement company and the most fortress-like operator in the sector: near-zero debt, profitable in every year of an eight-year downturn, and owner of a 30% look-through stake in Hongshi-Shivam — Nepal's largest modern cement plant. Standalone EPS 15.22 and Group EPS 27.26 are not the same number.

Jul 26, 2026