Ming Shing Group Holdings Limited (MSW)

Ming Shing Group Holdings will go public soon, but the exact IPO date is still unknown.

IPO Price Range

$5.50 - $7.50

Shares Offered

1,500,000

Deal Size

$9.75M

Ming Shing Group Holdings Income Statement

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

Millions USD. Fiscal year is Apr - Mar.

Year Ending	TTM	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	27.57	27.57	21.87	14.38
Revenue Growth (YoY)	-	26.09%	52.03%	-
Cost of Revenue	22.48	22.48	18.37	11.76
Gross Profit	5.09	5.09	3.49	2.63
Selling, General & Admin	1.85	1.85	0.86	0.51
Operating Expenses	1.85	1.85	0.86	0.51
Operating Income	3.25	3.25	2.64	2.12
Interest Expense / Income	0.29	0.29	0.18	0.07
Other Expense / Income	-0.02	-0.02	-0.8	-0.08
Pretax Income	2.98	2.98	3.26	2.12
Income Tax	0.65	0.65	0.47	0.32
Net Income	2.33	2.33	2.79	1.8
Net Income Growth	-	-16.53%	54.55%	-
Free Cash Flow	1.31	1.31	0.78	-0.15
Gross Margin	18.47%	18.47%	15.98%	18.28%
Operating Margin	11.77%	11.77%	12.07%	14.71%
Profit Margin	8.44%	8.44%	12.75%	12.54%
Free Cash Flow Margin	4.75%	4.75%	3.57%	-1.05%
Effective Tax Rate	21.81%	21.81%	14.40%	14.95%
EBITDA	3.37	3.37	3.52	2.25
EBITDA Margin	12.21%	12.21%	16.08%	15.68%
Depreciation & Amortization	0.11	0.11	0.08	0.06
EBIT	3.26	3.26	3.44	2.2
EBIT Margin	11.83%	11.83%	15.71%	15.26%

Source: IPO financials are sourced from S-1 and S-1/A filings submitted to the Securities and Exchange Commission (SEC).