Ming Shing Group Holdings Limited MSW
Finances
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 33.851 M 22.77 % | 27.573 M 26.09 % | 21.868 M 52.03 % | 14.384 M 133.73 % | 6.154 M |
| Net income | -5.731 M -346.31 % | 2.327 M -16.53 % | 2.787 M 54.55 % | 1.804 M 41.70 % | 1.273 M |
| Income before tax | -5.811 M -295.29 % | 2.976 M -8.62 % | 3.256 M 53.55 % | 2.121 M 55.58 % | 1.363 M |
| Income before tax ratio | -0.17 -259.07 % | 0.11 -27.52 % | 0.15 1.00 % | 0.15 -33.44 % | 0.22 |
| EBITDA | -5.152 M -252.99 % | 3.367 M -4.22 % | 3.516 M 55.92 % | 2.255 M 50.72 % | 1.496 M |
| Net income ratio | -0.17 -300.63 % | 0.08 -33.80 % | 0.13 1.65 % | 0.13 -39.37 % | 0.21 |
| Ratio EBITDA | -0.15 -224.61 % | 0.12 -24.04 % | 0.16 2.56 % | 0.16 -35.51 % | 0.24 |
| Gross profit ratio | -0.04 -120.89 % | 0.18 15.59 % | 0.16 -12.56 % | 0.18 0.44 % | 0.18 |
| Weighted average shs out dil | 11.849 M -21.01 % | 15.000 M 0.00 % | 15.000 M 0.00 % | 15.000 M 0.00 % | 15.000 M |
| Weighted average shs out | 0.000 -100.00 % | 15.000 M 0.00 % | 15.000 M 0.00 % | 15.000 M 0.00 % | 15.000 M |
| EPS diluted | -0.48 -400.00 % | 0.16 -27.27 % | 0.22 57.14 % | 0.14 65.09 % | 0.08 |
| Earnings per share | 0.00 -100.00 % | 0.16 -27.27 % | 0.22 57.14 % | 0.14 65.09 % | 0.08 |
| Gross profit | -1.306 M -125.64 % | 5.093 M 45.74 % | 3.495 M 32.93 % | 2.629 M 134.76 % | 1.120 M |
| Income tax expense | -80.154 K -112.35 % | 648.936 K 38.40 % | 468.889 K 47.87 % | 317.096 K 250.96 % | 90.352 K |
| Cost of revenue | 35.157 M 56.40 % | 22.480 M 22.35 % | 18.374 M 56.30 % | 11.755 M 133.50 % | 5.034 M |
| General and administrative expenses | 1.109 M -5.48 % | 1.174 M 54.22 % | 761.168 K 55.70 % | 488.854 K 36.70 % | 357.604 K |
| Selling and marketing expenses | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Other expenses | 2.939 M 336.81 % | 672.892 K 612.59 % | 94.429 K 296.83 % | 23.796 K | 0.000 |
| Operating expenses | 4.049 M 119.23 % | 1.847 M 115.84 % | 855.597 K 66.90 % | 512.650 K 43.36 % | 357.604 K |
| Cost and expenses | 39.206 M 61.17 % | 24.326 M 26.51 % | 19.229 M 56.75 % | 12.268 M 127.52 % | 5.392 M |
| Research and development expenses | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Selling general and administrative expenses | 1.109 M -5.48 % | 1.174 M 54.22 % | 761.168 K 55.70 % | 488.854 K 36.70 % | 357.604 K |
| Interest income | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Interest expense | 508.810 K 77.85 % | 286.090 K 58.95 % | 179.986 K 141.35 % | 74.574 K -13.93 % | 86.647 K |
| Depreciation and amortization | 150.523 K 42.36 % | 105.735 K 32.71 % | 79.672 K 33.53 % | 59.664 K 28.80 % | 46.324 K |
| Operating income | -5.355 M -264.95 % | 3.246 M 23.02 % | 2.639 M 24.70 % | 2.116 M 177.64 % | 762.204 K |
| Operating income ratio | -0.16 -234.36 % | 0.12 -2.43 % | 0.12 -17.98 % | 0.15 18.79 % | 0.12 |
| Total other income expenses net | -456.070 K -68.42 % | -270.793 K -143.88 % | 617.174 K 13 971.45 % | 4.386 K -99.27 % | 600.870 K |
| 2025 | 2024 | 2023 | 2022 | 2021 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Net debt | 7.491 M 25.83 % | 5.954 M 12.34 % | 5.299 M 80.99 % | 2.928 M 227.35 % | 894.458 K |
| Total investments | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Total debt | 7.741 M 10.06 % | 7.034 M 25.09 % | 5.623 M 78.76 % | 3.146 M 160.20 % | 1.209 M |
| Accumulated other comprehensive income loss | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Retained earnings | -5.842 M -686.02 % | 996.980 K 161.26 % | 381.608 K 140.80 % | 158.475 K -65.42 % | 458.312 K |
| Common stock | 6.488 K 15.34 % | 5.625 K 0.00 % | 5.625 K 0.00 % | 5.625 K 100.04 % | 2.812 K |
| Total equity | 983.979 K -1.43 % | 998.262 K 160.72 % | 382.890 K 139.67 % | 159.757 K -65.14 % | 458.312 K |
| Other non current liabilities | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Long term debt | 2.914 M -7.45 % | 3.148 M 83.59 % | 1.715 M 16.26 % | 1.475 M 66.98 % | 883.341 K |
| Total non current liabilities | 2.914 M -7.47 % | 3.149 M 83.30 % | 1.718 M 16.12 % | 1.480 M 66.98 % | 886.048 K |
| Other current liabilities | 412.470 K 201.53 % | 136.791 K 64.11 % | 83.351 K 10.90 % | 75.159 K 1.43 % | 74.103 K |
| Deferred revenue | 0.000 | 0.000 | 0.000 | 0.000 -100.00 % | 189.831 K |
| Short term debt | 4.828 M 24.24 % | 3.886 M -0.58 % | 3.909 M 133.93 % | 1.671 M 413.06 % | 325.655 K |
| Total current liabilities | 9.526 M 23.06 % | 7.741 M 25.23 % | 6.182 M 56.11 % | 3.960 M 268.23 % | 1.075 M |
| Total liabilities | 12.440 M 14.23 % | 10.891 M 37.86 % | 7.900 M 45.24 % | 5.439 M 177.32 % | 1.961 M |
| Other non current assets | 1.804 M 12.30 % | 1.606 M 59.05 % | 1.010 M 295.82 % | 255.112 K 72.29 % | 148.068 K |
| Long term investments | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Intangible assets | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| GoodWill | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Goodwill and intangible assets | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Property plant equipment net | 1.280 M -11.03 % | 1.439 M 305.28 % | 355.105 K 127.36 % | 156.189 K -27.64 % | 215.853 K |
| Total non current assets | 3.163 M 3.88 % | 3.045 M 122.75 % | 1.367 M 230.12 % | 414.133 K 13.80 % | 363.921 K |
| Other current assets | 461.565 K 4 474.93 % | 10.089 K -51.54 % | 20.821 K 429.80 % | 3.930 K 154.37 % | 1.545 K |
| Short term investments | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| cash and cash equivalents | 249.923 K -76.87 % | 1.081 M 233.54 % | 323.958 K 48.75 % | 217.792 K -30.76 % | 314.538 K |
| Cash and short term investments | 249.923 K -76.87 % | 1.081 M 233.54 % | 323.958 K 48.75 % | 217.792 K -30.76 % | 314.538 K |
| Total current assets | 10.261 M 16.03 % | 8.844 M 27.88 % | 6.915 M 33.38 % | 5.185 M 152.21 % | 2.056 M |
| Inventory | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Net receivables | 9.549 M 23.17 % | 7.753 M 17.99 % | 6.571 M 32.39 % | 4.963 M 185.29 % | 1.740 M |
| Tax assets | 79.426 K 52 850.67 % | 150.000 -93.35 % | 2.256 K -20.34 % | 2.832 K | 0.000 |
| Other assets | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Account payables | 3.965 M 25.23 % | 3.166 M 68.05 % | 1.884 M 2.72 % | 1.834 M 324.77 % | 431.788 K |
| Tax payables | 321.445 K -41.84 % | 552.670 K 80.85 % | 305.590 K -19.49 % | 379.578 K 603.82 % | 53.931 K |
| Deferred revenue non current | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Minority interest | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Capital lease obligations | 114.495 K -37.04 % | 181.867 K -39.65 % | 301.332 K 122.21 % | 135.608 K -24.39 % | 179.358 K |
| Preferred stock | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Other total stockholders equity | 6.820 M 157 133.25 % | -4.343 K 0.00 % | -4.343 K 0.00 % | -4.343 K -54.45 % | -2.812 K |
| Deferred tax liabilities non current | 0.000 -100.00 % | 878.000 -72.28 % | 3.167 K -30.32 % | 4.545 K 67.90 % | 2.707 K |
| Other liabilities | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Total assets | 13.424 M 12.91 % | 11.889 M 43.54 % | 8.282 M 47.93 % | 5.599 M 131.39 % | 2.420 M |
| 2025 | 2024 | 2023 | 2022 | 2021 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Deferred income tax | -80.154 K -43 700.00 % | -183.000 77.21 % | -803.000 19.22 % | -994.000 -107.01 % | 14.174 K |
| Stock based compensation | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Change in working capital | -3.137 M -754.44 % | -367.166 K 82.69 % | -2.121 M -5.02 % | -2.019 M -209.68 % | -652.047 K |
| Accounts receivables | -3.515 M -78.65 % | -1.968 M 6.18 % | -2.097 M 13.45 % | -2.423 M -2 613.50 % | -89.301 K |
| Inventory | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Accounts payables | 798.799 K -37.70 % | 1.282 M 2 467.19 % | 49.943 K -60.43 % | 126.214 K 117.56 % | -718.673 K |
| Other working capital | -420.677 K -232.13 % | 318.374 K 534.81 % | -73.221 K -126.37 % | 277.681 K 78.08 % | 155.927 K |
| Other non cash items | 828.384 K 111.21 % | 392.206 K 687.37 % | 49.812 K 797.68 % | 5.549 K 112.30 % | -45.115 K |
| Net cash provided by operating activities | -7.969 M -424.32 % | 2.457 M 208.95 % | 795.328 K 624.77 % | -151.558 K -123.83 % | 636.058 K |
| Investments in property plant and equipment | 0.000 100.00 % | -1.147 M -7 357.50 % | -15.384 K | 0.000 | 0.000 |
| Acquisitions net | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Purchases of investments | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Sales maturities of investments | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Other investing activites | 10.256 K | 0.000 -100.00 % | 51.282 K -9.06 % | 56.390 K 1 587.82 % | 3.341 K |
| Net cash used for investing activites | 10.256 K 100.89 % | -1.147 M -3 295.89 % | 35.898 K -36.34 % | 56.390 K 1 587.82 % | 3.341 K |
| Debt repayment | 707.313 K -49.86 % | 1.411 M -35.31 % | 2.180 M 71.95 % | 1.268 M 268.11 % | -754.305 K |
| Common stock issued | 9.493 M | 0.000 | 0.000 | 0.000 | 0.000 |
| Common stock repurchased | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Dividends paid | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Other financing activites | -3.072 M -56.42 % | -1.964 M 32.40 % | -2.906 M -128.84 % | -1.270 M -413.69 % | 404.753 K |
| Net cash used provided by financing activities | 7.128 M 1 388.17 % | -553.371 K 23.68 % | -725.060 K -45 848.04 % | -1.578 K 99.55 % | -349.552 K |
| Effect of forex changes on cash | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Net change in cash | -830.591 K -209.79 % | 756.556 K 612.62 % | 106.166 K 209.74 % | -96.746 K -133.38 % | 289.847 K |
| Cash at beginning of period | 1.081 M 233.54 % | 323.958 K 48.75 % | 217.792 K -30.76 % | 314.538 K 1 173.90 % | 24.691 K |
| Cash at end of period | 249.923 K -76.87 % | 1.081 M 233.54 % | 323.958 K 48.75 % | 217.792 K -30.76 % | 314.538 K |
| Operating cash flow | -7.969 M -424.32 % | 2.457 M 208.95 % | 795.328 K 624.77 % | -151.558 K -123.83 % | 636.058 K |
| Capital expenditure | 0.000 100.00 % | -1.147 M -7 357.50 % | -15.384 K | 0.000 | 0.000 |
| Free CashFlow | -7.969 M -708.37 % | 1.310 M 67.95 % | 779.944 K 614.62 % | -151.558 K -123.83 % | 636.058 K |
| 2025 | 2024 | 2023 | 2022 | 2021 |
| Revenue |
| Net income |
| Income before tax |
| Income before tax ratio |
| EBITDA |
| Net income ratio |
| Ratio EBITDA |
| Gross profit ratio |
| Weighted average shs out dil |
| Weighted average shs out |
| EPS diluted |
| Earnings per share |
| Gross profit |
| Income tax expense |
| Cost of revenue |
| General and administrative expenses |
| Selling and marketing expenses |
| Other expenses |
| Operating expenses |
| Cost and expenses |
| Research and development expenses |
| Selling general and administrative expenses |
| Interest income |
| Interest expense |
| Depreciation and amortization |
| Operating income |
| Operating income ratio |
| Total other income expenses net |
| 2024-03-31 | 2023-09-30 | 2023-03-31 | 2022-09-30 | 2022-03-31 | |
|---|---|---|---|---|---|
| Net debt | 5.954 M 11.80 % | 5.325 M 0.48 % | 5.299 M 52.69 % | 3.471 M 18.53 % | 2.928 M |
| Total investments | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Total debt | 7.034 M 22.48 % | 5.743 M 2.13 % | 5.623 M 45.02 % | 3.878 M 23.27 % | 3.146 M |
| Accumulated other comprehensive income loss | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Retained earnings | 996.980 K 260.22 % | 276.768 K -27.47 % | 381.608 K -48.42 % | 739.863 K 366.86 % | 158.475 K |
| Common stock | 5.625 K 0.00 % | 5.625 K 0.00 % | 5.625 K 0.00 % | 5.625 K 0.00 % | 5.625 K |
| Total equity | 998.262 K 259.02 % | 278.050 K -27.38 % | 382.890 K -48.34 % | 741.145 K 363.92 % | 159.757 K |
| Other non current liabilities | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Long term debt | 3.148 M 13.87 % | 2.765 M 61.22 % | 1.715 M 15.49 % | 1.485 M 0.67 % | 1.475 M |
| Total non current liabilities | 3.149 M 13.57 % | 2.773 M 61.39 % | 1.718 M 15.05 % | 1.493 M 0.93 % | 1.480 M |
| Other current liabilities | 136.791 K 583.10 % | 20.025 K -75.98 % | 83.351 K 137.75 % | 35.058 K -53.35 % | 75.159 K |
| Deferred revenue | 0.000 | 0.000 | 0.000 -100.00 % | 57.133 K | 0.000 |
| Short term debt | 3.886 M 30.47 % | 2.978 M -23.80 % | 3.909 M 63.35 % | 2.393 M 43.21 % | 1.671 M |
| Total current liabilities | 7.741 M 45.44 % | 5.323 M -13.89 % | 6.182 M 39.21 % | 4.440 M 12.14 % | 3.960 M |
| Total liabilities | 10.891 M 34.53 % | 8.096 M 2.48 % | 7.900 M 33.13 % | 5.934 M 9.09 % | 5.439 M |
| Other non current assets | 1.606 M -4.95 % | 1.690 M 67.34 % | 1.010 M 566.59 % | 151.485 K -40.62 % | 255.112 K |
| Long term investments | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Intangible assets | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| GoodWill | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Goodwill and intangible assets | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Property plant equipment net | 1.439 M 320.28 % | 342.429 K -3.57 % | 355.105 K -11.95 % | 403.319 K 158.22 % | 156.189 K |
| Total non current assets | 3.045 M 49.83 % | 2.033 M 48.67 % | 1.367 M 145.00 % | 558.023 K 34.74 % | 414.133 K |
| Other current assets | 10.089 K -45.62 % | 18.554 K -10.89 % | 20.821 K -93.41 % | 316.106 K 7 943.41 % | 3.930 K |
| Short term investments | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| cash and cash equivalents | 1.081 M 158.57 % | 417.876 K 28.99 % | 323.958 K -20.42 % | 407.086 K 86.92 % | 217.792 K |
| Cash and short term investments | 1.081 M 158.57 % | 417.876 K 28.99 % | 323.958 K -20.42 % | 407.086 K 86.92 % | 217.792 K |
| Total current assets | 8.844 M 39.46 % | 6.341 M -8.30 % | 6.915 M 13.06 % | 6.117 M 17.97 % | 5.185 M |
| Inventory | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Net receivables | 7.753 M 31.30 % | 5.905 M -10.13 % | 6.571 M 21.82 % | 5.394 M 8.67 % | 4.963 M |
| Tax assets | 150.000 -55.49 % | 337.000 -85.06 % | 2.256 K -29.92 % | 3.219 K 13.67 % | 2.832 K |
| Other assets | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Account payables | 3.166 M 70.30 % | 1.859 M -1.32 % | 1.884 M 42.29 % | 1.324 M -27.80 % | 1.834 M |
| Tax payables | 552.670 K 18.76 % | 465.364 K 52.28 % | 305.590 K -51.58 % | 631.157 K 66.28 % | 379.578 K |
| Deferred revenue non current | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Minority interest | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Capital lease obligations | 181.867 K -15.22 % | 214.523 K -28.81 % | 301.332 K -12.02 % | 342.493 K 152.56 % | 135.608 K |
| Preferred stock | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Other total stockholders equity | -4.343 K 0.00 % | -4.343 K 0.00 % | -4.343 K 0.00 % | -4.343 K 0.00 % | -4.343 K |
| Deferred tax liabilities non current | 878.000 -89.09 % | 8.046 K 154.06 % | 3.167 K -62.09 % | 8.354 K 83.81 % | 4.545 K |
| Other liabilities | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Total assets | 11.889 M 41.98 % | 8.374 M 1.10 % | 8.282 M 24.09 % | 6.675 M 19.21 % | 5.599 M |
| 2024-03-31 | 2023-09-30 | 2023-03-31 | 2022-09-30 | 2022-03-31 |
| Deferred income tax |
| Stock based compensation |
| Change in working capital |
| Accounts receivables |
| Inventory |
| Accounts payables |
| Other working capital |
| Other non cash items |
| Net cash provided by operating activities |
| Investments in property plant and equipment |
| Acquisitions net |
| Purchases of investments |
| Sales maturities of investments |
| Other investing activites |
| Net cash used for investing activites |
| Debt repayment |
| Common stock issued |
| Common stock repurchased |
| Dividends paid |
| Other financing activites |
| Net cash used provided by financing activities |
| Effect of forex changes on cash |
| Net change in cash |
| Cash at beginning of period |
| Cash at end of period |
| Operating cash flow |
| Capital expenditure |
| Free CashFlow |
| Date | Form 10K |
|---|---|
| 2025 | https://www.sec.gov/Archives/edgar/data/1956166/000164117225024398/form20-f.htm |
| 2024 | https://www.sec.gov/Archives/edgar/data/1956166/000149315224033838/form20-f.htm |
| 2023 | |
| 2022 | |
| 2021 |