Primech Holdings Ltd. (PMEC)
NASDAQ:PMEC
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Primech Holdings Ltd.
(NASDAQ:PMEC)
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Rating:46Neutral
Price Target:
$0.58
▼(-41.92% 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 buffer against losses, reducing near-term external financing needs. Stronger cash conversion supports reinvestment in product development and U.S. expansion, improving runway while management pursues path to sustainable profitability.
Negative Factors
Ongoing net losses
Persistent negative operating profit and a roughly -4.5% net margin limit retained earnings and weaken return metrics. Continued losses constrain capital allocation, increase reliance on external funding, and make it harder to build investor confidence until operating profitability is demonstrably restored.
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 buffer against losses, reducing near-term external financing needs. Stronger cash conversion supports reinvestment in product development and U.S. expansion, improving runway while management pursues path to sustainable profitability.
Read all positive factors
Primech Holdings Ltd. (PMEC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$22.66M
Dividend YieldN/A
Average Volume (3M)60.44K
Price to Earnings (P/E)―
Beta (1Y)0.12
Revenue Growth1.55%
EPS Growth69.81%
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 Cap1.49
Enterprise Value/Revenue0.49
Enterprise Value/Gross Profit9.13
Enterprise Value/Ebitda18.50
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...
How the Company Makes Money
null...
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 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.03M | 74.35M | 72.52M | 54.44M | 48.09M | 47.78M |
| Gross Profit | 3.69M | 17.53M | 12.61M | 9.84M | 12.42M | 5.57M |
| EBITDA | 1.82M | 3.01M | 1.30M | 2.34M | 8.45M | 2.61M |
| Net Income | -2.53M | -1.94M | -3.24M | -1.24M | 5.36M | 309.76K |
Balance Sheet | ||||||
| Total Assets | 42.82M | 41.20M | 45.51M | 33.20M | 28.95M | 22.85M |
| Cash, Cash Equivalents and Short-Term Investments | 9.07M | 10.14M | 7.65M | 5.14M | 6.82M | 2.97M |
| Total Debt | 22.36M | 15.47M | 20.79M | 12.01M | 7.35M | 4.84M |
| Total Liabilities | 33.99M | 26.52M | 30.45M | 21.96M | 15.66M | 10.48M |
| Stockholders Equity | 8.78M | 14.89M | 14.99M | 11.17M | 13.28M | 12.37M |
Cash Flow | ||||||
| Free Cash Flow | -5.19M | 6.28M | -9.99M | 2.49M | 2.51M | 1.27M |
| Operating Cash Flow | -3.18M | 7.38M | -9.08M | 5.05M | 3.62M | 2.49M |
| Investing Cash Flow | -1.13M | -1.03M | -807.00K | -2.55M | -3.22M | -733.46K |
| Financing Cash Flow | 8.01M | -4.39M | 8.18M | -3.63M | 2.31M | -2.96M |
Primech Holdings Ltd. Technical Analysis
Negative
0.99
Price Trends
0.71
Negative
0.86
Negative
1.23
Negative
Market Momentum
>-0.01
Negative
48.28
Neutral
40.48
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 0.71, and below the 200-day MA of 1.23, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.28 is Neutral, neither overbought nor oversold. The STOCH value of 40.48 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 | $25.08M | 5.95 | 16.33% | ― | ― | ― | |
57 Neutral | $31.23M | -7.23 | -5.95% | 7.58% | 50.00% | 18.73% | |
46 Neutral | $22.66M | -21.45 | -12.54% | ― | 1.55% | 69.81% | |
44 Neutral | $36.32M | -0.59 | -131.65% | ― | -22.62% | 21.73% | |
42 Neutral | $14.86M | -0.76 | -95.31% | ― | -30.85% | -633.50% |
* Industrials Sector Average
PMEC
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Primech Holdings Ltd. Corporate Events
Primech Holdings Posts Modest H1 FY2025 Revenue Growth as Robotics Wins Raise Profile
Mar 30, 2026
For the six months ended September 30, 2025, Primech Holdings reported revenue of about $38.1 million, up 3% year on year, but saw gross margin compress from 22.5% to 18.3% amid higher costs, leaving operating loss roughly unchanged at about $1.0 ...
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...
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
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.