MSW
Ming Shing Group Holdings Limited Ordinary Shares
NASDAQ: MSW · INDUSTRIALS · ENGINEERING & CONSTRUCTION
$1.58
+7.48% today
Updated 2026-04-30
Market cap
$19.33M
P/E ratio
—
P/S ratio
0.78x
EPS (TTM)
$-0.84
Dividend yield
—
52W range
$1 – $7
Volume
0.1M
Ming Shing Group Holdings Limited Ordinary Shares (MSW) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.15M | $14.38M | $21.87M | $27.57M | $33.85M |
| Revenue growth (YoY) | — | +133.7% | +52.0% | +26.1% | +22.8% |
| Cost of revenue | $5.03M | $11.76M | $18.37M | $22.48M | $35.16M |
| Gross profit | $1.12M | $2.63M | $3.49M | $5.09M | $-1.31M |
| Gross margin | 18.2% | 18.3% | 16.0% | 18.5% | -3.9% |
| R&D | — | — | — | — | — |
| SG&A | $357604.00 | $488854.00 | $761168.00 | $1.17M | $1.11M |
| Operating income | $762204.00 | $2.12M | $2.64M | $3.25M | $-5.35M |
| Operating margin | 12.4% | 14.7% | 12.1% | 11.8% | -15.8% |
| EBITDA | $1.50M | $2.25M | $3.52M | $3.37M | $-5.15M |
| EBITDA margin | 24.3% | 15.7% | 16.1% | 12.2% | -15.2% |
| EBIT | $1.45M | $2.20M | $3.44M | $3.26M | $-5.30M |
| Interest expense | $86647.00 | $74574.00 | $179986.00 | $286090.00 | $508810.00 |
| Income tax | $90352.00 | $317096.00 | $468889.00 | $648936.00 | $-80154.00 |
| Effective tax rate | 6.6% | 15.0% | 14.4% | 21.8% | 1.4% |
| Net income | $1.27M | $1.80M | $2.79M | $2.33M | $-5.73M |
| Net income growth (YoY) | — | +41.7% | +54.5% | -16.5% | -346.3% |
| Profit margin | 20.7% | 12.5% | 12.7% | 8.4% | -16.9% |