Primech Holdings Ltd. (PMEC) AI Stock Analysis

• Market Cap: $40.34M
• Dividend Yield: N/A
• Average Volume (3M): 60.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.68
• Revenue Growth: 2.52%
• EPS Growth: 45.76%
• Country: US
• Employees: 2,744
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): -0.02
• Shares Outstanding: 38,417,988
• 10 Day Avg. Volume: 130,056
• 30 Day Avg. Volume: 60,440
• PEG Ratio: -0.32
• Price to Book (P/B): 2.35
• Price to Sales (P/S): 0.49
• P/FCF Ratio: -3.53
• Enterprise Value/Market Cap: 0.87
• Enterprise Value/Revenue: 0.51
• Enterprise Value/Gross Profit: 9.47
• Enterprise Value/Ebitda: 19.20
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: $1.00 ▼(-4.76% Downside)

Primech Holdings Ltd. faces significant challenges with financial stability and profitability, reflected in its negative P/E ratio and high leverage. Technical indicators show bearish momentum, further impacting the stock's attractiveness. Improvements in cash flow provide a slight positive, but overall, the stock is currently not favorable.

Positive Factors

U.S. Market Expansion

Participation in key forums and showcasing innovative products like HYTRON highlights Primech's strategic U.S. market expansion, enhancing its market presence and potential for revenue growth.

Strategic Partnerships

The partnership with GAIB to tokenize robotics creates new business models, enabling fractional ownership and recurring revenue streams, which can drive long-term growth and operational efficiency.

Innovative Product Development

HYTRON's high efficacy in bacterial reduction positions Primech as a leader in the growing commercial cleaning market, supporting its competitive advantage and industry leadership.

Negative Factors

High Leverage

High leverage indicates financial risk and potential instability, limiting Primech's ability to invest in growth opportunities and affecting long-term financial health.

Negative Profitability

Ongoing negative profitability challenges Primech's ability to sustain operations and invest in innovation, impacting its long-term competitive position and financial stability.

Financial Stability Concerns

Negative return on equity highlights inefficiencies in capital utilization, which can undermine investor confidence and hinder Primech's ability to raise capital for future growth.

Primech Holdings Ltd. Business Overview & Revenue Model

Company Description

Primech Holdings Ltd. provides facilities and stewarding services in the public and private sectors in Singapore. Its facilities services include general cleaning and maintenance of public and private facilities, such as airports, conservancy areas, public areas, refuse disposal areas, and parks and carparks of public housing units; common areas of hotels, educational institutions, public roads, residential spaces, commercial buildings, office facilities, industrial areas, retail stores, and healthcare facilities; housekeeping services; specialized cleaning services, including marble polishing, building façade cleaning, and clean room sanitation services; and waste management and pest control services. The company also offers stewarding services comprising cleaning of the kitchen area of healthcare facilities, hotels, and restaurants, as well as supplies ad hoc customer service officers, and food and beverage service crews to healthcare facilities, hotels, and restaurants. In addition, it operates HomeHelpy, an online portal that allows individual customers to book cleaning services in homes and offices; and manufactures and sells cleaning supplies, such as hand soaps, hand soap dispensers, cleaning fluids, and garbage bags used for general, floor, carpet, restroom, or kitchen purposes, as well as treatment products used in the marine industry under the D'Bond brand name. The company was incorporated in 2020 and is based in Singapore. Primech Holdings Ltd. is a subsidiary of Sapphire Universe Holdings Limited.

How the Company Makes Money

Primech Holdings Ltd. generates revenue through multiple streams, including the sale of proprietary technology products, engineering consultancy services, and manufacturing contracts. The company capitalizes on its expertise in developing specialized equipment and software for various sectors, which are sold directly to clients or through strategic partnerships with larger corporations. Additionally, PMEC earns income from long-term contracts in engineering services, providing ongoing support and maintenance for their products. Significant partnerships with industry leaders further enhance its market reach and contribute to steady revenue growth.

Primech Holdings Ltd. Financial Statement Overview

Summary

Primech Holdings Ltd. shows moderate revenue growth but struggles with profitability and financial stability. High leverage and negative returns on equity are concerning, though improvements in cash flow offer some optimism.

Income Statement

Primech Holdings Ltd. has shown some revenue growth, with a 2.5% increase in the latest year. However, profitability remains a concern, as indicated by negative net profit and EBIT margins. The gross profit margin has improved to 23.6%, but the company is still struggling with negative net income, which impacts overall profitability.

Balance Sheet

The company's balance sheet reflects a high debt-to-equity ratio of 1.04, indicating significant leverage. Return on equity is negative, suggesting inefficiencies in generating returns from shareholders' equity. The equity ratio is relatively low, pointing to potential financial instability.

Cash Flow

Cash flow has improved, with a significant increase in free cash flow growth. The operating cash flow to net income ratio is positive, indicating some ability to convert income into cash. However, the free cash flow to net income ratio suggests that cash generation is still not fully aligned with profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2022	Dec 2021
Income Statement
Total Revenue	69.03M	74.35M	72.52M	54.44M	69.03M	48.09M
Gross Profit	3.69M	17.53M	12.61M	9.84M	10.62M	12.42M
EBITDA	1.82M	3.01M	1.30M	2.34M	1.82M	8.45M
Net Income	-2.53M	-1.94M	-3.24M	-1.24M	-2.53M	5.36M
Balance Sheet
Total Assets	42.82M	41.20M	45.51M	33.20M	42.82M	28.95M
Cash, Cash Equivalents and Short-Term Investments	9.07M	10.14M	7.65M	5.14M	9.07M	6.82M
Total Debt	22.36M	15.47M	20.79M	12.01M	22.36M	7.35M
Total Liabilities	33.99M	26.52M	30.45M	21.96M	33.99M	15.66M
Stockholders Equity	8.78M	14.89M	14.99M	11.17M	8.78M	13.28M
Cash Flow
Free Cash Flow	-5.19M	6.28M	-9.99M	2.49M	-5.19M	2.51M
Operating Cash Flow	-3.18M	7.38M	-9.08M	5.05M	-3.18M	3.62M
Investing Cash Flow	-1.13M	-1.03M	-807.00K	-2.55M	-1.13M	-3.22M
Financing Cash Flow	8.01M	-4.39M	8.18M	-3.63M	8.01M	2.31M

Primech Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PMEC, the sentiment is Negative. The current price of 1.05 is above the 20-day moving average (MA) of 1.04, below the 50-day MA of 1.31, and below the 200-day MA of 1.32, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 44.78 is Neutral, neither overbought nor oversold. The STOCH value of 48.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PMEC.

Primech Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
YSXT	64 Neutral	$29.53M	6.80	―	―	―	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
NTIP	49 Neutral	$30.35M	-12.00	-5.87%	7.58%	-92.03%	-77.99%
PMEC	42 Neutral	$40.34M	-20.27	-13.00%	―	2.52%	45.76%
SST	41 Neutral	$45.30M	-0.54	-99.29%	―	-20.49%	25.95%
SGRP	40 Neutral	$18.45M	-0.84	-93.99%	―	-35.72%	-277.39%

Primech Holdings Ltd. Corporate Events

Primech AI Secures Landmark Lease for Autonomous Robots in Singapore Army Camp

On November 17, 2025, Primech AI, a subsidiary of Primech Holdings Ltd., announced a landmark lease agreement to deploy its Hytron autonomous cleaning robots in a Singapore army camp. This development highlights Primech AI’s commitment to modernizing facility management through automation and robotics, enhancing hygiene, and supporting sustainability initiatives. The agreement represents a significant growth opportunity for Primech AI in the public sector, reinforcing its position as a trusted partner in smart and sustainable facility management solutions.

Primech Holdings Showcases HYTRON at Aramark Forum, Boosting U.S. Expansion

On October 22, 2025, Primech Holdings Ltd. announced its participation in the Aramark Facilities Innovation Forum in Michigan, showcasing its HYTRON autonomous restroom cleaning robot. This participation highlights Primech’s growing recognition in the U.S. market, emphasizing HYTRON’s capabilities in improving hygiene standards and reducing operational costs. The event aligns with Primech’s Robotics-as-a-Service model, which aims to eliminate upfront costs for clients while ensuring recurring revenue. This strategic move is expected to accelerate Primech’s U.S. expansion and strengthen its position as a global innovator in hygiene automation.

Primech Holdings Ltd. Approves Key Resolutions at October 2025 AGM

On October 14, 2025, Primech Holdings Ltd. conducted its Annual General Meeting of Shareholders in Singapore, where all eleven proposed items were approved. Key decisions included the adoption of financial statements, re-election of directors, approval of directors’ fees, appointment of auditors, and authorization for share issuance and consolidation. These approvals reflect the company’s strategic focus on enhancing its governance structure and operational flexibility, potentially impacting its market positioning and shareholder value.

Primech Holdings Signs MOU with GAIB for Tokenization of Robotics

On October 16, 2025, Primech Holdings Ltd. announced a strategic Memorandum of Understanding with GAIB to tokenize its HYTRON autonomous cleaning robots, aiming to establish new AI Robotics-as-a-Service (ARaaS) business models. This collaboration will enable fractional ownership and create liquid secondary markets for robot investments, transforming traditional robot sales into recurring revenue streams. The partnership addresses Primech’s capital constraints by facilitating rapid scaling and international market expansion, enhancing operational efficiency, and reducing transaction costs.

Primech’s HYTRON Robot Achieves Breakthrough in U.S. Market

On October 9, 2025, Primech Holdings Ltd. announced that its HYTRON autonomous cleaning robot achieved over 99% bacterial reduction in independent laboratory testing. This performance aligns with hospital-grade disinfectant standards in the U.S., positioning Primech to capitalize on the $76.7 billion U.S. commercial cleaning market. The company’s focus on AI-driven hygiene solutions and sustainability is expected to strengthen its industry leadership as the global commercial cleaning robotics market grows.

Primech Holdings’ HYTRON Gains Traction at CMS Berlin 2025

On September 29, 2025, Primech Holdings Ltd. announced that its subsidiary, Primech AI Pte. Ltd., successfully participated in CMS Berlin 2025, debuting its HYTRON AI robots. This event marked a significant milestone in the company’s global expansion, generating over 250 qualified inquiries from international clients and partners, showcasing the robots’ potential in the global facilities management market. The participation is part of HYTRON’s global World Tour, aimed at accelerating commercialization and securing strategic partnerships, with upcoming events in Tokyo and Las Vegas.

Primech Holdings Expands into North American AI Cleaning Market

On September 18, 2025, Primech Holdings Ltd. announced its expansion into the North American market with the opening of its U.S. office in Edwardsville, Illinois. This strategic move aims to capitalize on the growing demand for AI-driven automated cleaning solutions in the $3.66 billion U.S. cleaning robot market, which is expected to grow at a CAGR of 22.7% through 2030. By establishing a presence in Illinois, Primech plans to efficiently scale its operations across major American markets, positioning itself as a leader in providing innovative, labor-reducing cleaning technologies to sectors such as education, healthcare, hospitality, and retail.