Ming Shing Group Holdings Limited(MSW)Earnings, Financials & Key Ratios
MSW•NASDAQ
$1.35
Price updated Jun 30, 2026
SectorIndustrialsIndustryEngineering & ConstructionSub-IndustryBuilding systems and specialty trades
AboutMing Shing Group Holdings Limited, through its subsidiaries, engages in wet trades works. The company's works include plastering, tile laying, brick laying, floor screeding, and marble works in Hong Kong. It serves public and private sectors. The company was incorporated in 2022 and is based in San Po Kong, Hong Kong.Show more
- Revenue$34M+22.8%
- EBITDA-$5M-255.3%
- Net Income-$6M-346.3%
- EPS (Diluted)-0.48-400.0%
- Gross Margin-3.86%-120.9%
- EBITDA Margin-15.37%-226.5%
- Operating Margin-15.82%-234.4%
- Net Margin-16.93%-300.6%
- ROE-578.21%-271.6%
MSW Price & Volume
Ming Shing Group Holdings Limited (MSW) stock price & volume — 10-year historical chart
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Toxic Revenue Growth Masks Structural Insolvency Risks
Investment Thesis • Updated N/A
VerdictNegative
Growth:Expanding
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Insolvency from negative margins
Key Thesis Takeaways
- Ming Shing Group exhibits a concerning disconnect between its 22.77% year-over-year revenue expansion and its inability to achieve operational profitability, as evidenced by a negative 16.93% net margin.
- The firm's reliance on project-based volume appears to be eroding its capital base, leaving it highly vulnerable to liquidity shocks given its minimal cash position of $249,923.
- Investors should exercise extreme caution as the company's current business model suggests a structural inability to convert contract assets into sustainable cash flow.
Verdict Logic
the company's negative 16.93% net margin and razor-thin liquidity buffer of $249,923 present an unacceptable risk of insolvency for institutional investors.
MSW Growth Metrics
Ming Shing Group Holdings Limited (MSW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years33.01%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years62.09%
5 Years62.09%
3 Years37.3%
Last Year-133.12%
Peers Comparison
Key metrics vs top competitors for Ming Shing Group Holdings Limited (MSW)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $1.35 | $17.52M | -2.81 | 22.77% | -16.93% | -578.21% | — | |
| $0.85 | $25.14M | -3.25 | 15.17% | -3.05% | -15.02% | — | |
| $0.48 | $2.7M | -0.02 | -30.19% | -29.1% | -24.93% | — | |
| $0.19 | $76.52M | -0.12 | 498.08% | -91.96% | -60.5% | — | |
| $1.80 | $586.15M | -5.81 | -30.65% | -146.01% | -0.11% | — | |
| $9.77 | $110.21M | 26.41 | 30.75% | 17.66% | 8.33% | — |
Compare MSW vs Peers
Ming Shing Group Holdings Limited (MSW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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MSW Frequently Asked Questions
Ming Shing Group Holdings Limited (MSW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Ming Shing Group Holdings Limited's revenue?
Ming Shing Group Holdings Limited (MSW) reported $33.9M in revenue for fiscal year 2025. This represents a 450% increase from $6.2M in 2021.
How fast is Ming Shing Group Holdings Limited growing?
Ming Shing Group Holdings Limited (MSW) grew revenue by 22.8% over the past year. This is strong growth.
Is MSW profitable?
Ming Shing Group Holdings Limited (MSW) reported a net loss of $5.7M for fiscal year 2025.
Dividend & Returns
What is MSW's return on equity?
Ming Shing Group Holdings Limited (MSW) has a return on equity (ROE) of -578.2%. Negative ROE indicates the company is unprofitable.
What is Ming Shing Group Holdings Limited's free cash flow?
Ming Shing Group Holdings Limited (MSW) had negative free cash flow of $8.0M in fiscal year 2025, likely due to heavy capital investments.