TOP Financial Group Limited TOP FINANCIAL
Company Overview
TOP Financial Group Limited, through its subsidiaries, operates as an online brokerage company in Hong Kong. It is involved in the trading of equities, futures, and options products; and the provision of brokerage and value-added services, including trade order placement and execution, account management, and customer support services. The company also provides a range of futures products, such as index, forex, agricultural product, energy, and precious metal futures; and operates as an escrow agent in transactions relating to securities sales and transfers. In addition, it offers stock and options brokerage, structured note subscriber, consulting, currency exchange, margin financing, OTC derivative trading, and loan services. The company was formerly known as Zhong Yang Financial Group Limited and changed its name to TOP Financial Group Limited in July 2022. TOP Financial Group Limited was founded in 2015 and is headquartered in Singapore.
Why Investors Should Care
Carries low leverage with a debt-to-equity ratio of 0.06.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of $4.72M (+41.9% YoY); net profit $-1.17M.
- Trailing 12 Months Year-on-year growth — revenue -19.3%.
- 5-Year Trend Long-term compounding — revenue CAGR -21.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | -21.31% |
| 1 Year: | -19.30% |
Stock Price Performance
| 1 Year: | +165.39% |
| 6 Months: | +205.20% |
| 3 Months: | +190.67% |
| 1 Month: | +35.16% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)61.22 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Revenue declined at -21.3% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TOP TOP Financial Group Limited FINANCIAL | 15.26 | -84.78 | $1.86B | 0.00% | -1.86% | -3.83% | -21.31% | - |
| 2 | JPM JPMorgan Chase & Co. SPXR3KFINANCIAL | 353.51 | 15.15 | $939.70B | 1.72% | - | 17.79% | 12.50% | 14.83% |
| 3 | BRK-B Berkshire Hathaway Inc. SPXFINANCIAL | 505.83 | 12.72 | $712.23B | 0.00% | - | 12.12% | 4.18% | 9.44% |
| 4 | V Visa Inc. SPXR3KFINANCIAL | 368.64 | 31.35 | $628.20B | 0.72% | 37.15% | 61.19% | 14.33% | 13.04% |
| 5 | MA Mastercard Incorporated SPXR3KFINANCIAL | 570.89 | 31.44 | $496.37B | 0.62% | 60.19% | - | 12.29% | 19.21% |
| 6 | BAC Bank of America Corporation SPXR3KFINANCIAL | 62.39 | 14.41 | $436.28B | 2.04% | - | 11.20% | 3.14% | 4.27% |
| 7 | BRK-A Berkshire Hathaway Inc. FINANCIAL | 757,791.00 | 12.71 | $370.14B | 0.00% | - | 12.12% | 7.60% | 10.02% |
| 8 | HSBC HSBC Holdings plc FINANCIAL | 106.26 | 15.18 | $363.70B | 3.65% | - | 13.10% | 9.75% | 12.72% |
| 9 | MS Morgan Stanley SPXR3KFINANCIAL | 216.24 | 17.48 | $339.62B | 2.26% | - | 17.97% | 3.76% | 9.66% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Jun 2025 | Jun 2026 |
|---|---|---|
| Revenue | 1.33M | 1.08M |
| Operating Income | 85.99K | -386.95K |
| Net Income | 85.99K | -113.43K |
| Diluted EPS | 0.01 | -0.02 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 9.70M | 8.04M | 3.33M | 4.72M |
| Cost of Revenue | - | 3.83M | 3.69M | 3.08M | 3.71M |
| Gross Profit | - | 5.87M | 4.35M | 246.23K | 1.02M |
| Operating Expenses | - | 2.44M | 3.36M | 5.81M | 1.69M |
| Operating Income | - | 3.43M | 987.85K | -5.57M | -677.32K |
| EBITDA | - | 3.55M | 1.13M | -5.39M | -216.32K |
| Interest Expense | - | - | - | - | - |
| Pretax Income | - | 3.43M | 987.85K | -5.82M | -1.18M |
| Tax Provision | - | 31.52K | -63.69K | 146.10K | -1.78K |
| Net Income | - | 3.40M | 1.05M | -5.97M | -1.17M |
| Diluted EPS | - | 0.10 | 0.03 | -0.16 | -0.15 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 40.28M | 57.64M | 46.80M | 86.06M |
| Current Assets | - | 35.23M | 52.49M | 40.00M | 77.89M |
| Cash & Equivalents | - | 15.97M | 25.92M | 12.23M | 12.99M |
| Inventory | - | - | - | - | - |
| Receivables | - | 12.37M | 9.57M | 12.87M | 34.79M |
| Total Liabilities | - | 4.33M | 17.11M | 11.91M | 51.81M |
| Current Liabilities | - | 4.23M | 10.91M | 11.64M | 49.59M |
| Long Term Debt | - | - | - | - | 637.75K |
| Total Debt | - | 150.14K | 64.83K | 270.87K | 2.22M |
| Total Equity | - | 35.95M | 40.53M | 34.89M | 33.94M |
| Shares Outstanding | - | 35.00M | 37.02M | 37.04M | 37.09M |
Cash Flows (Annual)
Figures in USD.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -6.03M | 17.76M | -14.47M | 14.02M |
| Investing Cash Flow | - | -6.54M | -1.28M | -9.36M | 1.28M |
| Financing Cash Flow | - | 22.50M | 4.39M | 0 | 990.79K |
| Capital Expenditure | - | -86.44K | -6.06K | -3.23K | -899.50K |
| Free Cash Flow | - | -6.12M | 17.75M | -14.47M | 13.12M |
| Net Change in Cash | - | 9.93M | 20.87M | -23.83M | 16.29M |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 60.5% | 54.1% | 7.4% | 21.5% |
| Operating Margin % | - | 35.4% | 12.3% | -167.2% | -14.3% |
| Net Margin % | - | 35.0% | 13.1% | -179.3% | -24.8% |
| ROE % | - | 9.5% | 2.6% | -17.1% | -3.4% |
| ROCE % | - | 9.5% | 2.1% | -15.8% | -1.9% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Renaissance Technologies, LLC | 0.01% | 9.94K | $151.19K |
| 2 | UBS Group AG | 0.01% | 6.88K | $104.63K |
| 3 | Citadel Advisors Llc | 0.01% | 15.62K | $237.62K |
| 4 | Jane Street Group, LLC | 0.01% | 6.79K | $103.26K |
| 5 | Xtx Topco Ltd | 0.01% | 6.67K | $101.42K |
| 6 | Blackrock Inc. | - | 4.72K | $71.87K |
| 7 | Two Sigma Investments, LP | - | 3.24K | $49.33K |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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TOP — Frequently Asked Questions
What is the current share price of TOP Financial Group Limited (TOP)?
As of 2026-09-19 21:16 PDT, TOP Financial Group Limited (TOP) trades at $15.26 on NasdaqCM. Its 52-week range is $1.15 to $16.73.
What is the market capitalisation of TOP?
TOP Financial Group Limited (TOP) has a market capitalisation of $1.86B on NasdaqCM.
What is the P/E ratio of TOP?
TOP trades at a trailing price-to-earnings (P/E) ratio of -84.78. The industry average P/E is 12.89. Its price-to-book (P/B) ratio is 15.45.
What is the return on equity (ROE) of TOP?
TOP has a return on equity (ROE) of -3.83%. Its return on capital employed (ROCE) is -1.86%.
Is TOP a good stock to buy?
This page provides a data-driven analysis of TOP Financial Group Limited (TOP), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.