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TechPrecision
(NASDAQ:TPCS)
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Rating:50Neutral
Price Target:
$5.00
▼(-6.02% Downside)
Action:Reiterated
Date:06/30/26
The score is held down primarily by weak financial performance—persistent net losses and deteriorating recent free cash flow—despite some improvement in debt levels. Technically, the trend is positive with price above major moving averages, but overbought signals reduce confidence. The latest earnings call adds cautious upside via FY2027 growth/EBITDA guidance backed by backlog and Navy grants, though Stadco operational issues and legacy-contract risks remain key headwinds; tighter credit terms add incremental liquidity risk.
Positive Factors
Funded Backlog & Navy Grants
A $52M funded backlog (plus ~ $25M unfunded POs) provides multi-year revenue visibility and production cadence, reducing demand uncertainty. Combined with $24M+ Navy grants to Ranor for equipment, this supports capacity build-out, higher utilization and durable revenue conversion potential over 1–3 years.
Negative Factors
Persistent Net Losses
Five consecutive years of net losses weaken equity and investor cushion, constrain reinvestment capacity and limit retained-earnings fuel for growth. Persistent unprofitability raises funding dependence on external sources and makes execution of margin recovery plans more challenging and higher risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Funded Backlog & Navy Grants
A $52M funded backlog (plus ~ $25M unfunded POs) provides multi-year revenue visibility and production cadence, reducing demand uncertainty. Combined with $24M+ Navy grants to Ranor for equipment, this supports capacity build-out, higher utilization and durable revenue conversion potential over 1–3 years.
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
$50.32M
Dividend YieldN/A
Average Volume (3M)29.07K
Price to Earnings (P/E)―
Beta (1Y)1.11
Revenue Growth-7.02%
EPS Growth43.85%
CountryUS
Employees162
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)-0.17
Shares Outstanding10,024,469
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 Cap0.89
Enterprise Value/Revenue1.42
Enterprise Value/Gross Profit9.05
Enterprise Value/Ebitda44.55
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:Jun 22, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Aug 24, 2026
Earnings Call Sentiment Neutral
The call presents a balanced picture: clear operational and margin challenges—particularly at Stadco and in Q4 results—are offset by meaningful positives including a funded $52M backlog (plus ~$25M unfunded), $24M+ in Navy grants for Ranor equipment, demonstrated cost control (lower SG&A and interest), a reduction in debt and higher cash, and explicit FY2027 guidance that targets revenue growth (~14% implied) and a roughly 2x+ increase in EBITDA. Management acknowledges remaining execution risks (two legacy contracts, customer-supplied material delays) but is focused on mix shift to repeat work and CapEx funded by grants to drive margin expansion. Overall the call is cautiously optimistic but still reflects significant near-term headwinds.Positive Updates
EBITDA Improvement and 2027 Guidance
FY2026 EBITDA was $1.644M; company guided FY2027 EBITDA to $3.0M–$4.0M (implying ~82%–143% increase at the midpoint). FY2027 revenue guidance is $35M–$37M versus FY2026 revenue $31.6M (guidance midpoint implies ~14% YoY growth).
Negative Updates
Significant Q4 Revenue and Gross Profit Declines
Consolidated Q4 revenue was $8.1M, down 15% YoY from $9.5M. Consolidated Q4 gross profit was $1.1M, down 47% YoY. FY consolidated revenue declined 7% YoY to $31.6M.
Read all updates
Q4-2026 Updates
Positive
Negative
EBITDA Improvement and 2027 Guidance
FY2026 EBITDA was $1.644M; company guided FY2027 EBITDA to $3.0M–$4.0M (implying ~82%–143% increase at the midpoint). FY2027 revenue guidance is $35M–$37M versus FY2026 revenue $31.6M (guidance midpoint implies ~14% YoY growth).
Read all positive updates
Company Guidance
TechPrecision guided fiscal 2027 to full‑year revenue of $35.0–$37.0 million and EBITDA of $3.0–$4.0 million, which implies roughly 10.8%–17.1% revenue growth versus FY2026 revenue of $31.6 million and a lift in EBITDA from $1.644 million in FY2026 to roughly double (or more) in 2027; management said this build will be supported by converting a $52.0 million funded backlog (plus ~ $25.0 million of unfunded POs) over the next 1–3 years with anticipated gross‑margin expansion, continued aggressive daily cash management, targeted CapEx funded in part by $24.0M+ in Navy grants to Ranor, and operational improvements after FY2026 results that included Q4 consolidated revenue $8.1M (down 15% YoY), Q4 consolidated gross profit $1.1M (down 47% YoY), Stadco Q4 revenue $4.2M (gross profit $28k), Ranor Q4 revenue $3.9M (gross profit $1.1M), FY2026 cost of revenue $26.7M, a 12‑month operating loss of $1.1M (down 51% YoY), net loss $1.6M ($0.17/share), Q4 net income $0.4M ($0.04/share), cash of $431k (vs $195k prior year), debt of $6.9M (vs $7.4M), and net cash from operating and investing activities of $900k (with $600k used in financing).TechPrecision Financial Statement Overview
Summary
Income Statement
33
Negative
Balance Sheet
46
Neutral
Cash Flow
24
Negative
| Breakdown | Mar 2026 | Jun 2025 | Jun 2024 | Mar 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 31.64M | 34.03M | 31.59M | 31.43M | 22.28M |
| Gross Profit | 4.97M | 4.33M | 4.12M | 4.90M | 3.38M |
| EBITDA | -1.07M | 587.00K | -2.16M | 1.79M | -144.30K |
| Net Income | -1.66M | -2.75M | -7.04M | -979.01K | -349.83K |
Balance Sheet | |||||
| Total Assets | 32.27M | 33.53M | 34.75M | 36.21M | 37.85M |
| Cash, Cash Equivalents and Short-Term Investments | 431.00K | 195.00K | 138.40K | 534.47K | 1.05M |
| Total Debt | 10.55M | 11.76M | 12.70M | 11.82M | 13.66M |
| Total Liabilities | 24.60M | 24.79M | 26.94M | 21.61M | 22.59M |
| Stockholders Equity | 7.67M | 8.74M | 7.80M | 14.59M | 15.26M |
Cash Flow | |||||
| Free Cash Flow | -3.26M | -4.72M | -1.93M | 812.54K | -681.16K |
| Operating Cash Flow | 6.00K | -599.00K | 1.30M | 3.14M | 257.84K |
| Investing Cash Flow | 868.00K | -1.08M | -3.17M | -2.32M | -8.73M |
| Financing Cash Flow | -638.00K | 1.74M | 1.47M | -1.34M | 7.40M |
TechPrecision Technical Analysis
Positive
5.32
Price Trends
4.03
Positive
3.85
Positive
4.34
Positive
Market Momentum
0.29
Negative
72.31
Negative
90.67
Negative
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 5.32 is above the 20-day moving average (MA) of 3.99, above the 50-day MA of 4.03, and above the 200-day MA of 4.34, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 72.31 is Negative, neither overbought nor oversold. The STOCH value of 90.67 is Negative, 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% | |
52 Neutral | $3.75M | -4.97 | -8.38% | 9.60% | -27.01% | 5.48% | |
50 Neutral | $50.32M | -29.32 | -13.31% | ― | -7.02% | 43.85% | |
46 Neutral | $149.40M | -2.19 | -145.82% | ― | 6.27% | -1660.64% | |
45 Neutral | $11.02M | -0.03 | -81.84% | ― | 15.47% | 74.09% |
* Industrials Sector Average
TPCS
TechPrecision
5.02
1.35
36.78%
AP
Ampco-Pittsburgh
7.35
4.45
153.45%
HIHO
Highway Holdings
0.81
-0.78
-48.81%
MTEN
Mingteng International Corp., Inc.
1.44
-1,958.56
-99.93%
LNKS
Linkers Industries Limited Class A
1.62
-126.63
-98.74%
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.