Among the seven investment companies listed under the Investment Group in NEPSE, only CEDB Holdings and Citizen Investment Trust (CIT) have reported an increase in profit compared to last year. The companies included in this group are:

• CEDB Holdings
• Citizen Investment Trust (CIT)
• Emerging Nepal
• Hathway Investment Nepal
• Hydroelectricity Investment & Development Company Limited (HIDCL)
• Nepal Infrastructure Bank (NIFRA)
• NRN Infrastructure & Development

Paid-Up Capital Comparison

Among the seven companies, HIDCL has the highest paid-up capital at Rs. 24.55 billion, followed by NIFRA with Rs. 21.60 billion.
Citizen Investment Trust has Rs. 6.48 billion, Hathway has Rs. 1.58 billion, and NRN holds Rs. 1.28 billion.
CEDB’s paid-up capital is Rs. 1.03 billion, while Emerging Nepal has the lowest at Rs. 55.56 crore.

Low paid-up capital often results in lower market supply of shares, which can push demand and price upward. Reflecting this, CEDB is the only company among the seven with a share price above Rs. 2,000, while HIDCL and NIFRA—despite high capital—have share prices below Rs. 300.

CEDB Leads in Reserve Growth and Net Profit Increase

CEDB Holdings shows the strongest performance in both reserve growth and net profit increase:

• Reserves increased by 130% to Rs. 1.12 billion, up from Rs. 48.60 crore last year.
• Net profit increased by 72.46% to Rs. 15.65 crore, compared to Rs. 9.07 crore previously.

Citizen Investment Trust also recorded growth:

• Net profit increased by 4.43% to Rs. 31.43 crore.
• Reserves rose by 10.40% to Rs. 20.24 billion.

Reserves Decline in Three Companies; Five Experience Drop in Profit

In the first quarter of the current fiscal year:

• Reserves decreased for:
  • Emerging Nepal
  • Hathway Investment Nepal
  • HIDCL
• Reserves increased for:
  • NIFRA
  • NRN Infrastructure

Except for CEDB and CIT, five companies reported reduced profit:

• Emerging Nepal: Rs. 18.94 lakh loss
• NRN Infrastructure: Profit down 88.31% to Rs. 50.66 lakh
• Hathway Investment: Profit down 87.36% to Rs. 44.23 lakh
• HIDCL: Profit down 29.15% to Rs. 19.39 crore
• NIFRA: Profit down 40.57% to Rs. 20.75 crore

Falling interest rates in the banking sector weakened HIDCL’s and NIFRA’s returns.
As per the Q1 report, HIDCL has Rs. 15.59 billion in term deposits and Rs. 1.14 billion as bank balance.
NIFRA’s CD Ratio stands at only 67.09%, showing low lending activity.

EPS and Net Worth: CEDB on Top in Earnings, CIT Leads in Net Worth

Earnings Per Share (EPS)

CEDB reported the highest EPS among the seven companies:

• CEDB: Rs. 60.55 (up from Rs. 35.11 last year)
• CIT: Rs. 19.40
• NIFRA: Rs. 3.86
• HIDCL: Rs. 3.16
• Hathway: Rs. 0.56
• NRN: Rs. 1.58
• Emerging Nepal: –Rs. 1.36 (negative)

Net Worth Per Share

• CIT: Rs. 412.40 (highest)
• NRN: Rs. 241.90
• CEDB: Rs. 208.39
• NIFRA: Rs. 119.97
• HIDCL: Rs. 115.55
• Hathway: Rs. 66.64 (lowest)

Hathway’s low net worth is due to its face value being only Rs. 50.