TechPrecision (TPCS)
NASDAQ:TPCS
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TechPrecision
(NASDAQ:TPCS)
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Rating:49Neutral
Price Target:
$4.50
▼(-15.41% Downside)
Action:ReiteratedDate:04/28/26
The score is held down mainly by weak financial performance—ongoing losses, elevated leverage, and especially deeply negative free cash flow. Technicals are supportive (price above major moving averages with positive MACD) but look overheated (high RSI/Stoch). The latest earnings call adds some medium-term visibility (funded backlog/grants and Ranor profitability) but near-term liquidity and Stadco execution issues remain key risks.
Positive Factors
Funded backlog & grants
A $46M funded backlog and over $24M of funded grants provide multi-year contractual revenue visibility, smoothing demand variability and enabling planning. Funded work reduces bid-to-order risk and supports sustained production capacity utilization across 1–3 years.
Negative Factors
Negative free cash flow
Sustained negative free cash flow of several million annually signals structural cash burn, limiting self-funding of operations and backlog fulfillment. Continued FCF deficits heighten reliance on external financing or equity, compressing flexibility and risking dilution or covenant strain.
Read all positive and negative factors
Positive Factors
Negative Factors
Funded backlog & grants
A $46M funded backlog and over $24M of funded grants provide multi-year contractual revenue visibility, smoothing demand variability and enabling planning. Funded work reduces bid-to-order risk and supports sustained production capacity utilization across 1–3 years.
Read all positive factors
TechPrecision (TPCS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$41.15M
Dividend YieldN/A
Average Volume (3M)29.07K
Price to Earnings (P/E)―
Beta (1Y)1.23
Revenue Growth-0.36%
EPS Growth87.31%
CountryUS
Employees162
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)-0.15
Shares Outstanding10,011,332
10 Day Avg. Volume28,454
30 Day Avg. Volume29,066
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)2.49
Price to Sales (P/S)0.64
P/FCF Ratio-4.61
Enterprise Value/Market Cap1.35
Enterprise Value/Revenue1.68
Enterprise Value/Gross Profit9.32
Enterprise Value/Ebitda37.72
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, together with its subsidiaries, manufactures and sells precision, fabricated, and machined metal structural components and systems in the United States. The company operates through two segments, Ranor and Stadco. It pro...
How the Company Makes Money
TechPrecision makes money primarily by fulfilling customer purchase orders and contracts for manufactured components and assemblies. Revenue is generated from (1) machining and fabrication services—pricing is typically based on the scope and compl...
TechPrecision Key Performance Indicators (KPIs)
TechPrecision Earnings Call Summary
Earnings Call Date:Feb 17, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jun 11, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: meaningful positives include Ranor profitability, a strong funded-grant position (> $24M), a solid $46M funded backlog, improved nine‑month margins and reduced debt/interest expense. Offsetting these are significant near-term challenges at Stadco (Q3 operating loss, legacy contract provisions, material delays and rework), a Q3 consolidated net loss, extremely low cash balance ($50k), and uncertainty about when top‑line growth will scale beyond the current ~$7M–$9M quarterly range. Management emphasized active cash management, customer partnerships and strategic focus on repeatable programs, but Stadco’s drag and liquidity constraints leave material execution risk in the near term.Positive Updates
Backlog and Funded Grants Provide Multi-Year Visibility
Company reports a $46.0M backlog (funded portions only) expected to be delivered over the next 1–3 fiscal years. Ranor was awarded a new grant just over $3.2M, bringing total completely funded grant money to over $24M, which the company noted represents more than 50% of TechPrecision's market capitalization (~$45.5M).
Negative Updates
Consolidated Q3 Revenue Decline and Gross Profit Compression
Fiscal Q3 consolidated revenue was $7.1M, down 7% year-over-year from $7.6M. Consolidated gross profit for Q3 totaled $0.4M, down by $0.6M versus prior-year quarter, driven primarily by Stadco shortfalls.
Read all updates
Q3-2026 Updates
Positive
Negative
Backlog and Funded Grants Provide Multi-Year Visibility
Company reports a $46.0M backlog (funded portions only) expected to be delivered over the next 1–3 fiscal years. Ranor was awarded a new grant just over $3.2M, bringing total completely funded grant money to over $24M, which the company noted represents more than 50% of TechPrecision's market capitalization (~$45.5M).
Read all positive updates
Company Guidance
Management's guidance emphasized aggressive daily cash management and operational controls while targeting delivery of a $46.0M funded backlog over the next 1–3 fiscal years with gross‑margin expansion; they expect fewer surprises next quarter but gave no firm timeline to reach targets. Key metrics cited: Q3 consolidated revenue $7.1M (−7% YoY), consolidated gross profit $0.4M (down $0.6M), SG&A $1.7M (+3%), Q3 net loss $1.5M ($0.15/share); Ranor Q3 revenue $4.4M with $1.5M operating profit, Stadco Q3 revenue $2.9M with $1.2M operating loss (losses +$0.6M YoY). Nine months: revenue $23.6M (−4%), cost of revenue $19.7M (−$2.6M), gross profit improvement $1.6M (≈+7 pts), nine‑month operating loss $0.9M (−65%), nine‑month net loss $1.2M ($0.13/share). Cash items: net cash from ops+investing $0.6M, cash used in financing $0.8M, total debt $6.7M (from $7.4M), cash $50K (from $195K). Ranor won a ~$3.2M grant, bringing funded grants to >$24M (>50% of the $45.5M market cap).TechPrecision Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
42
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Mar 2023 | Jun 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.04M | 34.03M | 31.59M | 31.43M | 22.28M | 15.60M |
| Gross Profit | 5.95M | 4.33M | 4.12M | 4.90M | 3.38M | 3.46M |
| EBITDA | 1.47M | 587.00K | -2.16M | 1.79M | -144.30K | 1.33M |
| Net Income | -1.13M | -2.75M | -7.04M | -979.01K | -349.83K | 320.63K |
Balance Sheet | ||||||
| Total Assets | 32.80M | 33.53M | 34.75M | 36.21M | 37.85M | 16.72M |
| Cash, Cash Equivalents and Short-Term Investments | 50.00K | 195.00K | 138.40K | 534.47K | 1.05M | 2.13M |
| Total Debt | 10.51M | 11.76M | 12.70M | 11.82M | 13.66M | 3.82M |
| Total Liabilities | 24.82M | 24.79M | 26.94M | 21.61M | 22.59M | 6.78M |
| Stockholders Equity | 7.98M | 8.74M | 7.80M | 14.59M | 15.26M | 9.94M |
Cash Flow | ||||||
| Free Cash Flow | -4.44M | -4.72M | -1.93M | 812.54K | -681.16K | 18.34K |
| Operating Cash Flow | 143.00K | -599.00K | 1.30M | 3.14M | 257.84K | 635.85K |
| Investing Cash Flow | 27.00K | -1.08M | -3.17M | -2.32M | -8.73M | -607.93K |
| Financing Cash Flow | -285.00K | 1.74M | 1.47M | -1.34M | 7.40M | 1.17M |
TechPrecision Technical Analysis
Neutral
5.32
Price Trends
3.70
Negative
4.21
Negative
4.52
Negative
Market Momentum
-0.03
Negative
59.08
Neutral
70.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TPCS, the sentiment is Neutral. The current price of 5.32 is above the 20-day moving average (MA) of 3.30, above the 50-day MA of 3.70, and above the 200-day MA of 4.52, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 59.08 is Neutral, neither overbought nor oversold. The STOCH value of 70.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | $3.82M | -15.91 | -8.38% | 9.60% | -27.01% | 5.48% | |
50 Neutral | $210.58M | -1.62 | -120.09% | ― | 3.79% | -15803.37% | |
49 Neutral | $41.15M | -8.20 | -13.31% | ― | -0.36% | 87.31% | |
47 Neutral | $1.45M | -13.20 | -81.84% | ― | ― | ― |
* Industrials Sector Average
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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.