OneConstruction Group Limited
ONEG Industrials Engineering & Construction
OneConstruction Group Limited’s revenue for fiscal 2026 (year ended March 2026) was $49.4 million, down 7.23% from fiscal 2025.
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OneConstruction Group Limited (ONEG) Altman Z-score
OneConstruction Group Limited's Altman Z-score for fiscal 2026 is 1.20, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 1.20 | (1.38) |
| FY2025 | 2.58 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.60 | — | 0.71 | |
| Retained earnings / total assets | (0.18) | — | −0.25 | |
| EBIT / total assets | (0.34) | — | −1.13 | |
| Market value of equity / total liabilities | 0.89 | — | 0.54 | |
| Sales / total assets | 1.34 | — | 1.34 | |
| Altman Z-score | Distress zone | 1.20 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 1.02 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| KAZR Skyline Builders Group Holding Limited compare | 2.3× |
| ONEG OneConstruction Group Limited | 1.2× |
| RNTZ SKK Holdings Limited compare | 1.2× |
| MSGY Masonglory Limited compare | 1.2× |
| SLND Southland Holdings, Inc. compare | −0.4× |
| ZDAI DirectBooking Technology Co., Ltd. compare | −1.1× |
| OFAL OFA Group compare | −1.5× |
| PMA Ming Shing Group Holdings Limited compare | −3.1× |
| AXNX Mint Incorporation Limited compare | −6.5× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets