Primech Holdings Ltd. (PMEC)
NASDAQ:PMEC
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Primech Holdings Ltd.
(NASDAQ:PMEC)
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Select Model
Rating:46Neutral
Price Target:
$0.68
▼(-30.91% Downside)
Action:ReiteratedDate:03/24/26
The score is primarily constrained by continued net losses and a still-leveraged balance sheet, despite improved cash generation and modest revenue growth. Technicals add additional pressure with bearish momentum and price below key longer-term averages. Valuation is difficult to support using P/E because earnings are negative.
Positive Factors
Improved Cash Generation
The shift to positive operating and free cash flow provides a durable liquidity cushion that reduces near-term financing dependence and supports reinvestment in operations and product commercialization. Sustained cash generation improves resilience during profit recovery and underpins funding for growth initiatives without immediate dilution.
Negative Factors
Ongoing Losses
Sustained negative profitability undermines return generation and limits internal capital formation. Continued losses compress equity returns, constrain reinvestment capacity, and make the firm more reliant on external funding. Without a clear path to sustained positive margins, balance sheet repair and investor confidence remain challenged.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Cash Generation
The shift to positive operating and free cash flow provides a durable liquidity cushion that reduces near-term financing dependence and supports reinvestment in operations and product commercialization. Sustained cash generation improves resilience during profit recovery and underpins funding for growth initiatives without immediate dilution.
Read all positive factors
Primech Holdings Ltd. (PMEC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$26.89M
Dividend YieldN/A
Average Volume (3M)60.44K
Price to Earnings (P/E)―
Beta (1Y)0.33
Revenue Growth2.52%
EPS Growth45.76%
CountryUS
Employees2,744
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-0.02
Shares Outstanding38,417,988
10 Day Avg. Volume130,056
30 Day Avg. Volume60,440
Financial Highlights & Ratios
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 Cap1.21
Enterprise Value/Revenue0.47
Enterprise Value/Gross Profit8.82
Enterprise Value/Ebitda17.88
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 area...
Primech Holdings Ltd. Financial Statement Overview
Summary
Income Statement
43
Neutral
Balance Sheet
46
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2024 | Mar 2024 | Mar 2023 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.03M | 74.35M | 72.52M | 69.03M | 48.09M | 47.78M |
| Gross Profit | 3.69M | 17.53M | 12.61M | 10.62M | 12.42M | 5.57M |
| EBITDA | 1.82M | 3.01M | 1.30M | 1.82M | 8.45M | 2.61M |
| Net Income | -2.53M | -1.94M | -3.24M | -2.53M | 5.36M | 309.76K |
Balance Sheet | ||||||
| Total Assets | 42.82M | 41.20M | 45.51M | 42.82M | 28.95M | 22.85M |
| Cash, Cash Equivalents and Short-Term Investments | 9.07M | 10.14M | 7.65M | 9.07M | 6.82M | 2.97M |
| Total Debt | 22.36M | 15.47M | 20.79M | 22.36M | 7.35M | 4.84M |
| Total Liabilities | 33.99M | 26.52M | 30.45M | 33.99M | 15.66M | 10.48M |
| Stockholders Equity | 8.78M | 14.89M | 14.99M | 8.78M | 13.28M | 12.37M |
Cash Flow | ||||||
| Free Cash Flow | -5.19M | 6.28M | -9.99M | -5.19M | 2.51M | 1.27M |
| Operating Cash Flow | -3.18M | 7.38M | -9.08M | -3.18M | 3.62M | 2.49M |
| Investing Cash Flow | -1.13M | -1.03M | -807.00K | -1.13M | -3.22M | -733.46K |
| Financing Cash Flow | 8.01M | -4.39M | 8.18M | 8.01M | 2.31M | -2.96M |
Primech Holdings Ltd. Technical Analysis
Negative
0.99
Price Trends
0.75
Negative
0.89
Negative
1.26
Negative
Market Momentum
-0.01
Negative
46.70
Neutral
38.42
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 0.99 is above the 20-day moving average (MA) of 0.70, above the 50-day MA of 0.75, and below the 200-day MA of 1.26, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 46.70 is Neutral, neither overbought nor oversold. The STOCH value of 38.42 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $28.83M | 5.95 | 16.33% | ― | ― | ― | |
54 Neutral | $31.91M | -12.37 | -5.95% | 7.58% | -92.03% | -77.99% | |
47 Neutral | $36.62M | -0.59 | -131.65% | ― | -20.49% | 25.95% | |
46 Neutral | $26.89M | -17.24 | -12.54% | ― | 2.52% | 45.76% | |
44 Neutral | $14.00M | -0.76 | -95.31% | ― | -35.72% | -277.39% |
* Industrials Sector Average
PMEC
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Primech Holdings Ltd. Corporate Events
Primech Holdings Faces Nasdaq Minimum Bid Price Deficiency Notice
Feb 26, 2026
On February 25, 2026, Primech Holdings Limited received a notification from Nasdaq that its ordinary shares had closed below the required US$1.00 minimum bid price for 30 consecutive business days, putting the company out of compliance with Nasdaq...
Primech Holdings Raises Up to US$4 Million via Convertible Notes to Fund Robotics and Smart Facilities Units
Jan 6, 2026
On December 31, 2025, Primech Holdings Ltd. entered into a securities purchase agreement with institutional investor WELLE Environmental (Lux) S.à r.l. for up to US$4 million in senior unsecured convertible promissory notes, bearing 7% annual...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
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