Saturday 17 October 2026
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Ming Shing Group Holdings Limited
PMA Industrials Engineering & Construction
Ming Shing Group Holdings Limited’s revenue for fiscal 2026 (year ended March 2026) was $14.6 million, down 56.8% from fiscal 2025.
1.24
0.01
+0.81%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to March
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | 3.70 | 0.86 | 0.60 |
Analyst estimates 2027–2029 Powerpack |
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| High | — | — | — | — | — | — | — | 8.13 | 10.58 | 2.18 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | — | 32 | 35 | 15 | ||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.00 | 0.86 | 0.97 | 0.98 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 22 | 22 | 28 | 34 | 15 | ||||
| Gross margin, % | — | — | — | — | — | 15.98 | 15.98 | 18.47 | (3.86) | (18.39) | |||||
| EBT | — | — | — | — | — | 3 | (2) | 3 | (6) | (6) | |||||
| EBT margin, % | — | — | — | — | — | 14.89 | 0.00 | 10.79 | (17.17) | (39.31) | |||||
| Net income | — | — | — | — | — | 0 | 0 | 2 | (6) | (6) | |||||
| Depreciation | — | — | — | — | — | — | 0 | 0 | 0 | 0 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 1.94 | 2.45 | 2.86 | 1.13 | ||||
| Earnings | — | — | — | — | — | — | 0.25 | 0.21 | (0.48) | (0.44) | |||||
| Cash flow | — | — | — | — | — | — | 0.07 | 0.22 | (0.67) | 0.06 | |||||
| Capex | — | — | — | — | — | — | 0.00 | (0.10) | 0.00 | 0.00 | |||||
| Free cash flow | — | — | — | — | — | — | 0.07 | 0.12 | (0.67) | 0.06 | |||||
| Book value | — | — | — | — | — | 0.00 | 0.03 | 0.09 | 0.08 | (0.37) | |||||
| Shares, m | — | — | — | — | — | — | 11 | 11 | 12 | 13 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | ||||
| P/S | — | — | — | — | — | — | — | — | — | — | |||||
| P/B | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| EV/Sales | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| EV/FCF | — | — | — | — | — | 0.00 | 0.00 | 0.00 | (1.78) | (0.76) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | 1 | 2 | (8) | 1 | ||||
| Capex | — | — | — | — | — | — | 0 | (1) | 0 | — | |||||
| Free cash flow | — | — | — | — | — | — | 1 | 1 | (8) | 1 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 1 | 2 | 1 | 1 | (2) | ||||
| Total debt | — | — | — | — | — | 1 | 6 | 7 | 8 | 7 | |||||
| Net debt | — | — | — | — | — | 1 | 5 | 6 | 7 | 5 | |||||
| Shareholders’ equity | — | — | — | — | — | 0 | 0 | 1 | 1 | (5) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | 0.00 | 46.88 | 34.39 | (45.28) | (59.73) | ||||
| ROIC | — | — | — | — | — | 105.90 | 0.00 | 29.47 | (39.80) | (526.78) | |||||
| ROE | — | — | — | — | — | 0.00 | 0.00 | 336.90 | (578.20) | 303.69 | |||||
Negative figures in brackets.
Fiscal years to Mar 2026
Charts ten years each
Ming Shing Group Holdings Limited vs peers in Engineering & Construction (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SLND Southland Holdings, Inc. | $43.5M | — (loss-making) | — (loss-making) | −47.39% (below 0%: shrinking) | n/m | −432.89% (below 0%: shrinking) | (62.87%) | (77.61%) | Compare |
| KAZR Skyline Builders Group Holding Limited | $36.3M | — | — | — | — | +53.58% (above 0%: growing) | — | — | Compare |
| PMA Ming Shing Group Holdings Limited | $15.9M | — | — | — | — | −40.23% (below 0%: shrinking) | — | — | |
| ONEG OneConstruction Group Limited | $14.4M | — | — | — | — | — | — | — | Compare |
| RNTZ SKK Holdings Limited | $13.1M | — | — | — | — | −657.75% (below 0%: shrinking) | — | — | Compare |
| ZDAI DirectBooking Technology Co., Ltd. | $11.2M | — | — | — | — | −262.93% (below 0%: shrinking) | — | — | Compare |
| MSGY Masonglory Limited | $11.0M | — | — | — | — | −247.24% (below 0%: shrinking) | — | — | Compare |
| OFAL OFA Group | $9.8M | — | — | — | n/m | −421.52% (below 0%: shrinking) | 73.15% | (12,779.87%) | Compare |
| AXNX Mint Incorporation Limited | $7.6M | — | — | — | — | — | — | — | Compare |
| Median of peers | $12.1M | — | — | — | — | −342.22% | — | — |
Ming Shing Group Holdings Limited (PMA) key facts
- Concern: Ming Shing Group Holdings Limited’s revenue for fiscal 2026 (year ended March 2026) was $14.6 million, down 56.8% from fiscal 2025.
- Concern: Ming Shing Group Holdings Limited reported a net loss of $5.8 million, or a loss of $0.44 per share, for fiscal 2026.
- Ming Shing Group Holdings Limited (PMA) is an Engineering & Construction company in the Industrials sector, listed on Nasdaq.
- As of October 16, 2026, PMA traded at $1.24, a market capitalization of $15.9 million.
- Return on equity was 303.7% and debt-to-equity -1.48.
- Its Piotroski F-score is 2 out of 9 and its Altman Z-score is −3.09 (distress zone) for fiscal 2026.