Ming Shing Group Holdings Limited (MSW)
NASDAQ: MSW · Real-Time Price · USD
1.710
+0.220 (14.77%)
At close: Apr 28, 2026, 4:00 PM EDT
1.740
+0.030 (1.75%)
After-hours: Apr 28, 2026, 5:46 PM EDT
Ming Shing Group Holdings Income Statement
Financials in millions USD. Fiscal year is April - March.
Millions USD. Fiscal year is Apr - Mar.
| TTM
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
| Sep '25 Sep 30, 2025 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 | Mar '21 Mar 31, 2021 |
| Revenue | 24.87 | 33.85 | 27.57 | 21.87 | 14.38 | 6.15 |
| Revenue Growth (YoY) | -21.70% | 22.77% | 26.09% | 52.03% | 133.73% | - |
| Cost of Revenue | 31.35 | 35.16 | 22.48 | 18.37 | 11.76 | 5.03 |
| Gross Profit | -6.47 | -1.31 | 5.09 | 3.49 | 2.63 | 1.12 |
| Selling, General & Admin | 4.03 | 4.05 | 1.85 | 0.86 | 0.51 | 0.36 |
| Operating Expenses | 4.03 | 4.05 | 1.85 | 0.86 | 0.51 | 0.36 |
| Operating Income | -10.5 | -5.35 | 3.25 | 2.64 | 2.12 | 0.76 |
| Interest Expense | -0.46 | -0.51 | -0.29 | -0.18 | -0.07 | -0.09 |
| Other Non Operating Income (Expenses) | 0.07 | 0.05 | 0.02 | 0.02 | 0.01 | 0.01 |
| EBT Excluding Unusual Items | -10.9 | -5.81 | 2.98 | 2.48 | 2.05 | 0.68 |
| Gain (Loss) on Sale of Assets | - | - | - | - | - | 0 |
| Other Unusual Items | - | - | - | 0.77 | 0.07 | 0.68 |
| Pretax Income | -10.9 | -5.81 | 2.98 | 3.26 | 2.12 | 1.36 |
| Income Tax Expense | -0.58 | -0.08 | 0.65 | 0.47 | 0.32 | 0.09 |
| Net Income | -10.32 | -5.73 | 2.33 | 2.79 | 1.8 | 1.27 |
| Net Income to Common | -10.32 | -5.73 | 2.33 | 2.79 | 1.8 | 1.27 |
| Net Income Growth | - | - | -16.53% | 54.55% | 41.70% | - |
| Shares Outstanding (Basic) | 13 | 12 | 11 | 11 | 8 | 8 |
| Shares Outstanding (Diluted) | 13 | 12 | 11 | 11 | 8 | 8 |
| Shares Change (YoY) | 12.99% | 5.33% | - | 38.26% | 1.40% | - |
| EPS (Basic) | -0.81 | -0.48 | 0.21 | 0.25 | 0.22 | 0.16 |
| EPS (Diluted) | -0.81 | -0.48 | 0.21 | 0.25 | 0.22 | 0.16 |
| EPS Growth | - | - | -16.53% | 11.78% | 39.76% | - |
| Free Cash Flow | -7.85 | -7.97 | 1.31 | 0.78 | -0.15 | 0.64 |
| Free Cash Flow Per Share | -0.62 | -0.67 | 0.12 | 0.07 | -0.02 | 0.08 |
| Gross Margin | -26.03% | -3.86% | 18.47% | 15.98% | 18.28% | 18.20% |
| Operating Margin | -42.22% | -15.82% | 11.77% | 12.07% | 14.71% | 12.38% |
| Profit Margin | -41.49% | -16.93% | 8.44% | 12.75% | 12.54% | 20.68% |
| Free Cash Flow Margin | -31.56% | -23.54% | 4.75% | 3.57% | -1.05% | 10.33% |
| EBITDA | -10.35 | -5.2 | 3.35 | 2.72 | 2.18 | 0.81 |
| EBITDA Margin | -41.61% | -15.37% | 12.16% | 12.43% | 15.13% | 13.14% |
| D&A For EBITDA | 0.15 | 0.15 | 0.11 | 0.08 | 0.06 | 0.05 |
| EBIT | -10.5 | -5.35 | 3.25 | 2.64 | 2.12 | 0.76 |
| EBIT Margin | -42.22% | -15.82% | 11.77% | 12.07% | 14.71% | 12.38% |
| Effective Tax Rate | - | - | 21.81% | 14.40% | 14.95% | 6.63% |
Source: S&P Capital IQ. Standard template.
Financial Sources.