Stocktoria
Ming Shing Group Holdings Ltd MSW
Ming Shing Group Holdings Ltd (MSW) earns a Piotroski F-score of 2/9 (weak financial health), with an Altman Z″ in the distress zone. It does not currently pay a dividend. FY2025 revenue was $33.9M at a -16.9% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -3.64 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
How it ranks in Construction · percentile among 69 companies
Percentile vs other Construction companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 2/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | 0.055 |
| Retained earnings / assets | -0.435 |
| EBIT / assets | -0.399 |
| Equity / liabilities | 0.079 |
Sector peers · similar-size Construction companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| MSW | Ming Shing Group Holdings Ltd | 2/9 | -3.66 | — | +22.8% |
| CNTM | ConnectM Technology Solutions, Inc. | 4/9 | -12.34 | — | +58% |
| MSGY | Masonglory Ltd | 2/9 | 0.44 | — | +1% |
| KAZR | Skyline Builders Group Holding Ltd | 3/9 | 1.73 | 123.8 | -5.8% |
| WXM | WF International Ltd. | 1/9 | -0.81 | — | -13.7% |
| PHOE | Phoenix Asia Holdings Ltd | 5/9 | 8.13 | 347.3 | — |
| RHNO | RHINO BITCOIN INC. | 4/9 | -0.43 | — | — |
About Ming Shing Group Holdings Ltd
Ming Shing Group Holdings Limited, through its subsidiaries, engages in wet trades works in Hong Kong. Its works include plastering, tile laying, brick laying, floor screeding, and marble works. The company serves public and private sectors. Ming Shing Group Holdings Limited was incorporated in 2022 and is based in Cheung Sha Wan, Hong Kong.
FAQ
Is MSW financially healthy?
Ming Shing Group Holdings Ltd's Piotroski F-score is 2/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does MSW pay a dividend?
No, Ming Shing Group Holdings Ltd does not currently pay a dividend.
How profitable is MSW?
In FY2025, Ming Shing Group Holdings Ltd had a net margin of -16.9% and a return on equity of -582.4%.
Is MSW a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on Ming Shing Group Holdings Ltd: a Piotroski F-score of 2/9, an Altman Z″ in the distress zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-03-31. Facts plus Stocktoria's own computed scores — not investment advice.