InsiderClue
Stocks · Industrials · Construction - Special Trade Contractors

Ming Shing Group Holdings Ltd

PMA Clue Score32
Cayman Islands Fiscal year ends March CIK 0001956166
$1.27 +1.60% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $1.27 −1.55% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 9 Jul 2026. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue14.4Operating income2.1Net income1.8EPS, diluted0.22Fiscal year 2023Revenue21.9 +52.0%Operating income2.6Net income2.8 +54.5%EPS, diluted0.25 +13.6%Fiscal year 2024Revenue27.6 +26.1%Operating income3.2Net income2.3 −16.5%EPS, diluted0.21 −16.0%Fiscal year 2025Revenue33.9 +22.8%Operating income−5.4Net income−5.7 −346.3%EPS, diluted−0.48 −328.6%Fiscal year 2026Revenue14.6 −56.8%Operating income−5.5Net income−5.8EPS, diluted−0.44
FY2022FY2023FY2024FY2025FY2026
Revenue 14.4 21.9 27.6 33.9 14.6
Growth +52.0% +26.1% +22.8% −56.8%
Operating income 2.1 2.6 3.2 −5.4 −5.5
Net income 1.8 2.8 2.3 −5.7 −5.8
Growth +54.5% −16.5% −346.3%
EPS, diluted 0.22 0.25 0.21 −0.48 −0.44
Growth +13.6% −16.0% −328.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2022Gross margin18.3%Operating margin14.7%Net margin12.5%Fiscal year 2023Gross margin16.0%Operating margin12.1%Net margin12.7%Free cash flow margin3.6%Fiscal year 2024Gross margin18.5%Operating margin11.8%Net margin8.4%Free cash flow margin4.8%Fiscal year 2025Gross margin−3.9%Operating margin−15.8%Net margin−16.9%Fiscal year 2026Gross margin−18.4%Operating margin−37.4%Net margin−39.4%
FY2022FY2023FY2024FY2025FY2026
Gross margin 18.3% 16.0% 18.5% −3.9% −18.4%
Operating margin 14.7% 12.1% 11.8% −15.8% −37.4%
Net margin 12.5% 12.7% 8.4% −16.9% −39.4%
Free cash flow margin n/a 3.6% 4.8% n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow−0.2Fiscal year 2023Operating cash flow0.8Capital expenditure−0.0Free cash flow0.8Fiscal year 2024Operating cash flow2.5Capital expenditure−1.1Free cash flow1.3 +68.0%Fiscal year 2025Operating cash flow−8.0Fiscal year 2026Operating cash flow0.8
FY2022FY2023FY2024FY2025FY2026
Operating cash flow −0.2 0.8 2.5 −8.0 0.8
Capital expenditure n/a −0.0 −1.1 n/a n/a
Free cash flow n/a 0.8 1.3 n/a n/a
Growth +68.0%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Shareholders’ equity0.2Fiscal year 2023Cash0.3Total debt5.3Net cash (debt)−5.0Shareholders’ equity0.4Debt to equity13.90Fiscal year 2024Cash1.1Total debt6.9Net cash (debt)−5.8Shareholders’ equity1.0Debt to equity6.86Fiscal year 2025Cash0.2Total debt7.6Net cash (debt)−7.4Shareholders’ equity1.0Debt to equity7.75Fiscal year 2026Cash1.6Total debt7.1Net cash (debt)−5.4Shareholders’ equity−4.8
FY2022FY2023FY2024FY2025FY2026
Cash n/a 0.3 1.1 0.2 1.6
Total debt n/a 5.3 6.9 7.6 7.1
Net cash (debt) n/a −5.0 −5.8 −7.4 −5.4
Shareholders’ equity 0.2 0.4 1.0 1.0 −4.8
Debt to equity n/a 13.90 6.86 7.75 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Mar 2022 FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025 FY2026 31 Mar 2026
Margins
18.3% 16.0% 18.5% −3.9% −18.4%
14.7% 12.1% 11.8% −15.8% −37.4%
14.7% 14.9% 10.8% −17.2% −39.3%
12.5% 12.7% 8.4% −16.9% −39.4%
n/a 3.6% 4.8% n/a n/a
Spending
3.6% 3.9% 6.7% 12.0% 19.0%
n/a 0.1% 4.2% n/a n/a
15.0% 14.4% 21.8% n/a n/a
Returns
1,128.9% 727.9% 233.1% −582.4% n/a
n/a 33.7% 19.6% −42.7% −98.1%
Balance and payout
n/a 13.90 6.86 7.75 n/a
n/a 95.4% 91.6% 92.7% 181.4%