Ming Shing Group Holdings Limited

MSWNASDAQIndustrials● Active

$1.31

$-0.03(-2.24%)

Market Cap$16997250

P/E Ratio—

52W High$6.52

52W Low$0.6

Avg Volume173K

Open$1.14

Beta5.46

Free Cash Flow Financials Revenue

Ming Shing Group Holdings Limited (MSW) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MSW · free cash flow · updated Jun 8, 2026

Core FCF metrics

MSW · FCF · TTM · margin & CAGR

Free cash flow was −$8.0M for FY2025 (fiscal year ending 2025-03-31), down 708.4% year-over-year The FCF margin was -23.5%.

FY2025 Free Cash Flow−$8.0M▼ -708.4% YoY

Trailing 12M (TTM)—trailing 4 quarters sum

FCF Margin-23.5%−$8.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MSW · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$8.0M(0M)−$8.0M▼ 708.4%-23.5%

FY2024$2.5M(1M)$1.3M▲ +68.0%4.8%

FY2023$795,328(0M)$779,944▲ +614.6%3.6%

FY2022−$151,558(0M)−$151,558▼ 123.8%-1.1%

FY2021$636,058(0M)$636,058—10.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MSW · P/FCF · FCF yield · FCF per share

Ming Shing Group Holdings Limited (MSW) reported negative free cash flow of −$0.01B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-03-31

Cash flow statement summary

MSW · cash flow statement · operating / investing / financing

For FY2025, Ming Shing Group Holdings Limited generated −$8.0M in operating cash flow and spent 0M in capital expenditures, yielding −$8.0M in free cash flow.

Operating Activities

−$8.0M

Cash from core business operations

2025-03-31

Investing Activities

+$0.0M

CapEx, acquisitions & investments

2025-03-31

Financing Activities

+$7.1M

Buybacks, dividends & debt

2025-03-31

FCF FormulaOperating CF (−$8.0M) − |CapEx| (0M) = FCF (−$8.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

MSW vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Ming Shing Group Holdings LimitedYOU

MSW

−$8.0M-708.4%-23.5%

Loss

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Ming Shing Group Holdings Limited (MSW) reported free cash flow of −$8.0M for FY2025 (fiscal year ending 2025-03-31), down 708.4% year-over-year. The FCF margin was -23.5%.

Based on available data, Ming Shing Group Holdings Limited has maintained positive free cash flow for at least 3 fiscal year(s). FCF peaked at $1.3M in FY2024.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MSW free cash flow · 8 questions

Ming Shing Group Holdings Limited free cash flow was −$8.0M for FY2025, down 708.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at —.

MSW free cash flowMSW FCFMSW FCF 2025MSW free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Ming Shing Group Holdings Limited · Ming Shing Group Holdings Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026