AXGNasdaqSecurity Brokers, Dealers & Flotation CompaniesFiscal year ends March 31
Solowin Holdings, Ltd.
Financials through fiscal 2026, year ended Mar 31, 2026Last filing: 20-F on Aug 3, 2026
$0.12+0.03 (+29.62%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2021 to 2026
Operating margin
–
Net margin
-47.4%
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +895.0% | +84.7% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2021 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -88.9% | |
| Return on assets | – | – | -42.2% | |
| Current ratio | – | – | 1.55 | |
| Capex to revenue | – | – | 0.7% | |
| Diluted shares | – | – | 125M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Solowin generated $28.18M from operations and spent $440.00K on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$28.18M
Used
$440.00K
Capital expenditure$440.00K100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-47.4%
×Asset turnover0.89×
×Equity multiplier2.11×
=Return on equity, FY2026-88.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | -47.4% | 0.89× | 2.11× | -88.9% |
| FY2025 | -302.9% | 0.20× | 2.03× | -125.1% |
| FY2024 | -106.2% | 0.33× | 2.09× | -74.3% |
| FY2023 | 30.3% | 0.45× | 3.69× | 50.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
2of 7 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero-$13.29M
- Cash generatingOperating cash flow above zero-$15.34M
- Return on assets improvedROA up on the prior year-55.4% → -108.0%
- Earnings backed by cashOperating cash flow above net income-$15.34M vs -$13.29M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.29 → 1.55
- No dilutionShare count did not rise16M → 125M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.18 → 2.28