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TechPrecision
(NASDAQ:TPCS)
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Rating:49Neutral
Price Target:
$6.00
▲(31.58% Upside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by weak financial performance (still unprofitable with deeply negative free cash flow and elevated leverage), despite signs of stabilization. The earnings call improves the outlook with strong YoY growth, backlog visibility, and debt reduction, while technicals are supportive but appear overbought. Valuation remains unattractive due to losses, and the recent credit amendment underscores ongoing liquidity/refinancing risk.
Positive Factors
Growth and Backlog Visibility
Broad-based growth at Ranor and Stadco, combined with a sizable funded backlog scheduled over one to three years, supports revenue visibility and provides a foundation for sustained capacity utilization.
Negative Factors
Unproven Sustainable Profitability
The company remains loss-making with deeply negative free cash flow despite revenue growth. Until gross-profit gains translate into consistent operating earnings and cash generation, its turnaround remains financially fragile.
Read all positive and negative factors
Positive Factors
Negative Factors
Growth and Backlog Visibility
Broad-based growth at Ranor and Stadco, combined with a sizable funded backlog scheduled over one to three years, supports revenue visibility and provides a foundation for sustained capacity utilization.
Read all positive factors
TechPrecision Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Shows profit generated by each business unit after operating costs, revealing which parts of TechPrecision are truly profitable and which are dragging overall margins. For investors, stable or rising segment operating income points to durable profit drivers; declining figures warn of margin pressure or inefficiency.
Shows profit generated by each business unit after operating costs, revealing which parts of TechPrecision are truly profitable and which are dragging overall margins. For investors, stable or rising segment operating income points to durable profit drivers; declining figures warn of margin pressure or inefficiency.
Data provided by:
The Fly
The FlyTechPrecision (TPCS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$58.78M
Dividend YieldN/A
Average Volume (3M)29.07K
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue Growth-0.19%
EPS Growth38.34%
CountryUS
Employees160
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)-0.13
Shares Outstanding10,100,311
10 Day Avg. Volume28,454
30 Day Avg. Volume29,066
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)3.89
Price to Sales (P/S)0.94
P/FCF Ratio-9.16
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
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
TechPrecision Business Overview & Revenue Model
Company Description
TechPrecision Corporation, along with its associated entities, specializes in the production and supply of highly precise, fabricated, and machined metal structural components and complex systems throughout the United States. The company's operati...
How the Company Makes Money
TechPrecision makes money primarily by selling precision manufacturing services and finished components/assemblies to customers under purchase orders and longer-term supply arrangements. Key revenue streams include: (1) build-to-print manufacturin...
TechPrecision Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call presents a clear operational turnaround: double-digit top-line growth, meaningful gross profit expansion, a strong funded backlog and active debt reduction. Management has implemented tighter quoting, milestone and cost controls that are already yielding results and additional quoting opportunities. However, the company faces near-term liquidity constraints (low cash balance), a small net loss, ongoing profitability work at Stadco, supply-quality interruptions, and revenue concentration risk tied to Navy-funded programs. Overall, positives (growth, backlog, cost control and debt reduction) materially outweigh the challenges, but several execution and liquidity issues remain to be resolved.Positive Updates
Strong Revenue Growth
Consolidated revenue of $9.1M in Q1 FY2027, up 23% YoY from $7.4M. Ranor revenue $5.5M (+27% YoY) and Stadco revenue $4.1M (+22% YoY), reflecting broad-based top-line improvement across both subsidiaries.
Negative Updates
Small Net Loss and Tight Liquidity
Net loss of approximately $153k for the quarter (≈$0.02 per share). Cash on hand declined to $279k from $431k on March 31, 2026 (down ~$152k, ~35.3%), indicating constrained near-term liquidity despite improved operating cash flow.
Read all updates
Q1-2027 Updates
Positive
Negative
Strong Revenue Growth
Consolidated revenue of $9.1M in Q1 FY2027, up 23% YoY from $7.4M. Ranor revenue $5.5M (+27% YoY) and Stadco revenue $4.1M (+22% YoY), reflecting broad-based top-line improvement across both subsidiaries.
Read all positive updates
Company Guidance
Management said they remain on track to meet the fiscal 2027 guidance issued in June 2026, citing Q1 fiscal 2027 consolidated revenue of $9.1M (up 23% vs. $7.4M a year ago), consolidated gross profit of $1.4M (up 36% / +$400K), Ranor revenue of $5.5M (+27%) and Stadco revenue of $4.1M (+22%); they highlighted a funded backlog of $52M (plus ≈$22M unfunded) expected to be delivered over the next 1–3 fiscal years with gross‑margin expansion, more than $24M in U.S. Navy grants (noted as >50% of a $48M market cap), Stadco gross profit improvement of $300K (65%), consolidated SG&A down 3% to $1.4M, interest expense down 21%, a Q1 net loss of about $153K (≈$0.02 per share), net cash from operating and investing activities of $1.9M for the quarter, $2.0M cash used in financing (paying down revolver/term loans), total debt reduced to $5.0M (from $7.0M on March 31) and cash on hand of $279K (down from $431K).TechPrecision Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
44
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Mar 2026 | Jun 2025 | Jun 2024 | Mar 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.36M | 31.64M | 34.03M | 31.59M | 31.43M | 22.28M |
| Gross Profit | 5.34M | 4.97M | 4.33M | 4.12M | 4.90M | 3.38M |
| EBITDA | 2.13M | -1.07M | 587.00K | -2.16M | 1.79M | -144.30K |
| Net Income | -1.22M | -1.66M | -2.75M | -7.04M | -979.01K | -349.83K |
Balance Sheet | ||||||
| Total Assets | 31.24M | 32.27M | 33.53M | 34.75M | 36.21M | 37.85M |
| Cash, Cash Equivalents and Short-Term Investments | 279.00K | 431.00K | 195.00K | 138.40K | 534.47K | 1.05M |
| Total Debt | 8.38M | 10.55M | 11.76M | 12.70M | 11.82M | 13.66M |
| Total Liabilities | 23.63M | 24.60M | 24.79M | 26.94M | 21.61M | 22.59M |
| Stockholders Equity | 7.61M | 7.67M | 8.74M | 7.80M | 14.59M | 15.26M |
Cash Flow | ||||||
| Free Cash Flow | -3.19M | -3.26M | -4.72M | -1.93M | 812.54K | -681.16K |
| Operating Cash Flow | 1.26M | 6.00K | -599.00K | 1.30M | 3.14M | 257.84K |
| Investing Cash Flow | -124.00K | 868.00K | -1.08M | -3.17M | -2.32M | -8.73M |
| Financing Cash Flow | -998.00K | -638.00K | 1.74M | 1.47M | -1.34M | 7.40M |
TechPrecision Technical Analysis
Positive
4.56
Price Trends
4.62
Positive
4.21
Positive
4.29
Positive
Market Momentum
0.35
Negative
67.70
Neutral
72.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TPCS, the sentiment is Positive. The current price of 4.56 is below the 20-day moving average (MA) of 5.02, below the 50-day MA of 4.62, and above the 200-day MA of 4.29, indicating a bullish trend. The MACD of 0.35 indicates Negative momentum. The RSI at 67.70 is Neutral, neither overbought nor oversold. The STOCH value of 72.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TPCS.
TechPrecision Risk Analysis
TechPrecision disclosed 36 risk factors in its most recent earnings report. TechPrecision reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
TechPrecision 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% | |
53 Neutral | $184.27M | -2.88 | -152.73% | ― | 3.27% | -1069.57% | |
49 Neutral | $58.78M | -46.33 | -20.19% | ― | -0.19% | 38.34% | |
48 Neutral | $8.26M | -0.02 | -4.23% | ― | 406.85% | 58.48% | |
39 Underperform | $4.16M | -2.84 | -27.18% | ― | -25.75% | -2160.65% |
* Industrials Sector Average
TPCS
TechPrecision
5.80
0.48
9.02%
AP
Ampco-Pittsburgh
8.44
5.64
201.43%
HIHO
Highway Holdings
0.91
-0.66
-41.99%
MTEN
Mingteng International Corp., Inc.
1.03
-2,198.97
-99.95%
LNKS
Linkers Industries Limited Class A
0.93
-126.57
-99.27%
TechPrecision Corporate Events
Business Operations and StrategyPrivate Placements and Financing
TechPrecision Extends Revolving Credit, Tightens Loan Covenants
Negative
May 19, 2026
On May 13, 2026, TechPrecision’s subsidiary Ranor, Inc. and affiliated borrowers amended their existing revolving credit arrangement with Beacon Bank Trust, extending the loan’s maturity from May 15, 2026 to September 15, 2026. The am...
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.