Highway Holdings Ltd
HIHO Nasdaq· Miscellaneous Fabricated Metal Products
Last close · Oct 30, 2026
$0.84
KIRA · Stoqly’s AI analyst, in plain words
- Highway Holdings Ltd had only $4.8M of revenue in fiscal 2026: it is still developing what it sells.
- Its operating margin was −48.0%, down 40.8 pts: of every 100 in sales, about −48 is left after running the business.
- Highway Holdings Ltd lost $1.5M in fiscal 2026. With no meaningful sales yet, it pays for its work from the cash it holds.
- Free cash flow was −$1.5M in fiscal 2026, −31.5% of revenue. At that burn of $1.5M a year, its $4.4M of cash and short-term investments would last about 2.9 years.
- Highway Holdings Ltd has $3.8M more cash than debt.
Market cap
$3.8M
P/E
—
Revenue
$4.8M
Net income
−$1.5M
Free cash flow
−$1.5M
Operating margin
−48.0%
Highway Holdings Ltd in 30 seconds · fiscal 2026
Are shareholders being diluted?
+3.5%
Somewhat. The share count rose 3.5% last year, so each share owns a little less.
Does it make a profit?
—
Not yet. It has no meaningful sales yet, so losses are expected at this stage.
How long would its cash last?
2.9 yrs
Comfortably. It burns $1.5M a year and holds $4.4M, about 2.9 years at that pace.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
1 / 8
It passes 1 of 8 health tests, but most of them need sales, so the score says little before revenue starts.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Highway Holdings Ltd does
No business description yet.
- Fiscal year ends
- March 31, 2026
- Latest annual report
- 20-F · Jul 14, 2026
- Legal name
- HIGHWAY HOLDINGS LTD
- CIK
- 0001026785
Highway Holdings Ltd · HIHO · stoqly.net
Results and finances
The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $12.4M | $10.2M | $6.3M | $7.4M | $4.8M |
| Revenue growth | 34.9% | −17.2% | −38.3% | 17.3% | −35.2% |
| Net interest income | — | — | $0.0M | $0.0M | $0.0M |
| Gross margin | 30.5% | 30.7% | 27.0% | 33.3% | 28.4% |
| Operating margin | 4.6% | −4.7% | −25.8% | −7.2% | −48.0% |
| Net income | $0.4M | −$0.3M | −$1.0M | $0.1M | −$1.5M |
| Net margin | 3.6% | −2.9% | −15.2% | 1.4% | −31.7% |
| Diluted EPS | $0.11 | −$0.07 | −$0.22 | $0.02 | −$0.33 |
| Cash | |||||
| Cash from operations | −$0.2M | $0.8M | $0.4M | −$0.4M | −$1.4M |
| Capital expenditure | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M |
| Free cash flow | −$0.3M | $0.7M | $0.3M | −$0.5M | −$1.5M |
| FCF margin | −2.4% | 7.0% | 4.7% | −6.2% | −31.5% |
| Dividends paid | $0.6M | $1.0M | $0.6M | $0.5M | — |
| Share count change | 4.5% | −2.8% | 7.4% | 0.7% | 3.5% |
| Debt and strength | |||||
| Cash and short-term investments | $6.0M | $7.0M | $6.6M | $6.0M | $4.4M |
| Debt incl. finance leases | — | — | — | — | $0.6M |
| Deposits | $6.0M | — | — | — | — |
| Shareholders' equity | $9.3M | $8.2M | $6.6M | $6.3M | $4.9M |
| Current ratio | 2.4x | 2.6x | 2.5x | 2.8x | 2.2x |
| Interest coverage | — | — | — | — | −2,307.0x |
| Returns and quality | |||||
| Return on capital | — | — | — | — | −173.2% |
| Return on equity | 4.7% | −3.4% | −12.9% | 1.6% | −27.3% |
| Return on tangible equity | 4.8% | −3.6% | −14.4% | 1.7% | −37.2% |
| Piotroski F-score | 4 | 5 | 2 | 5 | 1 |
| Altman Z'' | 4.6 | 3.6 | 2.4 | 3.5 | −0.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Highway Holdings Ltd · HIHO · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $0.84 a share, the company is worth $3.8M.
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001026785). Latest version: stoqly.net/companies/hiho. Data updated November 1, 2026. For information only — not investment advice. Check the original filings before relying on any figure.