Highway Holdings Limited (HIHO)

Highway Holdings Financials Overview

Financials in millions USD. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	4.81	4.81	7.41	6.32	10.24	12.37
Revenue Growth	-35.17%	-35.17%	17.26%	-38.28%	-17.17%	34.87%
Gross Profit Gross Profit Growth	1.37	1.37	2.47	1.71	3.14	3.77
Operating Income Operating Income Growth	-2.31	-2.31	-0.54	-1.63	-0.48	0.57
Net Income Net Income Growth	-1.52	-1.52	0.11	-0.96	-0.29	0.44
Earnings Per Share EPS Growth	-0.33	-0.33	0.02	-0.22	-0.07	0.11
EPS Growth	-	-	-	-	-	-

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Metal Stamping and Mechanical OEM Metal Stamping and Mechanical OEM Growth	2.71	2.71	4.5	3.47	6.65	7.21
Other Services Other Services Growth	0.01	0.01	-	-	-	-
Electric OEM Electric OEM Growth	2.08	2.08	2.91	2.85	3.59	5.15
Total Total Growth	4.81	4.81	7.41	6.32	10.24	12.37

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	4.41	4.41	5.97	6.6	6.95	7.09
Total Debt Total Debt Growth	3.16	3.16	0.81	1.39	2.06	1.2
Net Cash (Debt) Net Cash Growth	1.25	1.25	5.16	5.21	4.9	5.88
Net Cash Growth	-75.71%	-75.71%	-0.92%	6.39%	-16.77%	1.55%
Net Cash Per Share Net Cash Per Share Growth	0.28	0.28	1.17	1.19	1.20	1.41

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	-1.41	-1.41	-0.36	0.42	0.81	-0.16
Capital Expenditures CapEx Growth	-0.1	-0.1	-0.1	-0.12	-0.09	-0.13
Free Cash Flow Free Cash Flow Growth	-1.51	-1.51	-0.46	0.3	0.72	-0.3
Free Cash Flow Growth	-	-	-	-58.58%	-	-

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	28.43%	28.43%	33.32%	27.02%	30.67%	30.49%
Operating Margin	-48.01%	-48.01%	-7.22%	-25.80%	-4.66%	4.59%
Pretax Margin	-42.25%	-42.25%	1.98%	-18.02%	-3.06%	4.59%
Profit Margin	-33.32%	-32.13%	1.47%	-15.47%	-2.86%	3.78%
FCF Margin	-31.51%	-31.51%	-6.22%	4.70%	7.00%	-2.41%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 1, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	0.100	-	0.120	0.150	0.200	0.170
Dividend Per Share Growth	0%	-	-20.00%	-25.00%	17.65%	-5.56%
Dividend Yield	11.36%	0.00%	6.04%	6.71%	12.27%	5.00%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 1, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	-	-	92.50	-	-	25.64
P/FCF Ratio	-	-	-	31.23	11.63	-
PS Ratio	0.85	0.73	1.10	1.47	0.81	0.92

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: Jul 17, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company. Revenue segment data is provided by S&P Global Market Intelligence.

Update frequency:

Quarterly

Last checked:

Jul 31, 2026

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