NASDAQ : PMEC
Primech Holdings Ltd. — Financial statements
Industrials · Specialty Business Services · Singapore
Last price 0.37 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 14.21M
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Financial statements
Primech Holdings Ltd. (PMEC) reported revenue of 78.01M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 78.01M | 78.01M | 74.35M | 72.52M | 69.03M | 54.44M |
| Cost of Revenue | 67.50M | 67.50M | 60.92M | 62.52M | 62.61M | 47.90M |
| Gross Profit | 10.51M | 10.51M | 13.43M | 10.01M | 6.42M | 6.54M |
| Selling, General & Admin | 15.50M | 15.50M | 18.48M | 15.49M | 12.78M | 11.17M |
| Other Operating Expenses | -57.00K | -57.00K | 27.00K | -211.00K | -271.00K | -493.07K |
| Operating Expenses | 15.44M | 15.44M | 18.51M | 15.28M | 12.51M | 10.67M |
| Operating Income | -4.93M | -4.93M | -5.08M | -5.27M | -6.10M | -4.13M |
| Interest Expense | -672.00K | -672.00K | -789.00K | -1.15M | -723.00K | -369.22K |
| EBT Excluding Unusual Items | -5.60M | -5.60M | -5.87M | -6.42M | -6.82M | -4.50M |
| Impairment of Goodwill | -291.00K | -138.00K | ||||
| Other Unusual Items | 3.00M | 3.00M | 4.40M | 2.70M | 4.40M | 3.40M |
| Pretax Income | -2.60M | -2.60M | -1.76M | -3.72M | -2.56M | -1.10M |
| Income Tax Expense | 366.00K | 366.00K | 456.00K | -493.00K | -10.00K | 164.27K |
| Earnings From Continuing Operations | -2.97M | -2.97M | -2.22M | -3.22M | -2.55M | -1.26M |
| Minority Interest in Earnings | 530.00K | 530.00K | 278.00K | -16.00K | 15.00K | 24.00K |
| Net Income | -2.44M | -2.44M | -1.94M | -3.24M | -2.53M | -1.24M |
| Net Income to Common | -2.44M | -2.44M | -1.94M | -3.24M | -2.53M | -1.24M |
| Shares Outstanding (Basic) | 38.42M | 38.42M | 37.58M | 37.58M | 32.50M | 32.50M |
| Shares Outstanding (Diluted) | 38.42M | 38.42M | 37.58M | 37.58M | 32.50M | 32.50M |
| EPS (Basic) | -0.06 | -0.06 | -0.05 | -0.09 | -0.08 | -0.04 |
| EPS (Diluted) | -0.06 | -0.06 | -0.05 | -0.09 | -0.08 | -0.04 |
| Free Cash Flow | -5.66M | -5.66M | 6.28M | -9.99M | -5.19M | 2.51M |
| Free Cash Flow Per Share | -0.15 | -0.15 | 0.17 | -0.27 | -0.16 | 0.08 |
| Gross Margin | 13.48% | 13.48% | 18.06% | 13.80% | 9.29% | 12.02% |
| Operating Margin | -6.32% | -6.32% | -6.84% | -7.27% | -8.83% | -7.59% |
| Profit Margin | -3.12% | -3.12% | -2.61% | -4.47% | -3.67% | -2.28% |
| Free Cash Flow Margin | -7.26% | -7.26% | 8.45% | -13.78% | -7.52% | 4.61% |
| EBITDA | -3.45M | -3.45M | -3.58M | -3.60M | -4.16M | -2.37M |
| EBITDA Margin | -4.42% | -4.42% | -4.82% | -4.97% | -6.02% | -4.35% |
| D&A For EBITDA | 1.48M | 1.48M | 1.50M | 1.67M | 1.94M | 1.76M |
| EBIT | -4.93M | -4.93M | -5.08M | -5.27M | -6.10M | -4.13M |
| EBIT Margin | -6.32% | -6.32% | -6.84% | -7.27% | -8.83% | -7.59% |
| Advertising Expenses | 864.00K | 864.00K | 2.01M | 2.23M | 262.00K |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 8.92M | 8.92M | 10.14M | 7.65M | 9.07M | 5.14M |
| Short-Term Investments | 667.00K | 667.00K | 889.00K | 1.82M | 542.00K | |
| Cash & Short-Term Investments | 9.59M | 9.59M | 11.03M | 9.46M | 9.61M | 5.14M |
| Accounts Receivable | 19.75M | 19.75M | 15.63M | 18.45M | 15.36M | 11.87M |
| Other Receivables | 288.00K | 288.00K | 1.49M | 1.37M | 1.68M | 321.57K |
| Receivables | 20.04M | 20.04M | 17.12M | 19.82M | 17.05M | 12.19M |
| Inventory | 44.00K | 55.00K | 141.00K | 144.17K | ||
| Prepaid Expenses | 1.32M | 1.32M | 811.00K | 1.99M | 633.00K | 1.31M |
| Total Current Assets | 30.94M | 30.94M | 29.01M | 31.33M | 27.44M | 18.79M |
| Property, Plant & Equipment | 11.19M | 11.19M | 11.80M | 13.49M | 14.05M | 12.43M |
| Goodwill | 402.00K | 402.00K | 391.00K | 667.00K | 693.00K | 813.03K |
| Other Intangible Assets | 2.00K | 21.00K | 93.00K | 385.75K | ||
| Long-Term Deferred Charges | 553.00K | 781.33K | ||||
| Total Assets | 42.53M | 42.53M | 41.20M | 45.51M | 42.82M | 33.20M |
| Accounts Payable | 10.80M | 10.80M | 10.33M | 9.41M | 10.11M | 8.69M |
| Current Portion of Long-Term Debt | 10.14M | 10.14M | 8.48M | 11.28M | 11.90M | 2.47M |
| Current Portion of Leases | 1.43M | 1.43M | 1.59M | 2.06M | 1.72M | 727.13K |
| Current Income Taxes Payable | 404.00K | 404.00K | 461.00K | 230.69K | ||
| Other Current Liabilities | 791.00K | 316.54K | ||||
| Total Current Liabilities | 22.78M | 22.78M | 20.87M | 22.74M | 24.52M | 12.43M |
| Long-Term Debt | 6.16M | 6.16M | 4.33M | 5.71M | 7.11M | 7.45M |
| Long-Term Leases | 822.00K | 822.00K | 1.07M | 1.75M | 1.63M | 1.36M |
| Long-Term Deferred Tax Liabilities | 237.00K | 237.00K | 255.00K | 251.00K | 726.00K | 711.46K |
| Total Liabilities | 30.00M | 30.00M | 26.52M | 30.45M | 33.99M | 21.96M |
| Common Stock | 23.96M | 23.96M | 23.96M | 22.19M | 12.72M | 12.72M |
| Additional Paid-In Capital | 924.00K | 924.00K | 924.00K | 924.00K | 924.00K | 924.10K |
| Retained Earnings | -13.43M | -13.43M | -10.99M | -9.05M | -5.81M | -3.28M |
| Comprehensive Income & Other | 1.79M | 1.79M | 995.00K | 923.00K | 947.00K | 808.81K |
| Total Common Equity | 13.24M | 13.24M | 14.89M | 14.99M | 8.78M | 11.17M |
| Minority Interest | -738.00K | -738.00K | -210.00K | 68.00K | 52.00K | 66.89K |
| Shareholders' Equity | 12.54M | 12.54M | 14.68M | 15.06M | 8.83M | 11.24M |
| Total Liabilities & Equity | 42.53M | 42.53M | 41.20M | 45.51M | 42.82M | 33.20M |
| Total Debt | 18.55M | 18.55M | 15.47M | 20.79M | 22.36M | 12.01M |
| Net Cash (Debt) | -8.96M | -8.96M | -4.44M | -11.33M | -12.75M | -6.86M |
| Net Cash Per Share | -0.23 | -0.23 | -0.12 | -0.30 | -0.39 | -0.21 |
| Filing Date Shares Outstanding | 38.42M | 38.42M | 38.42M | 38.05M | 32.50M | 32.50M |
| Total Common Shares Outstanding | 38.42M | 38.42M | 38.42M | 35.55M | 32.50M | 32.50M |
| Working Capital | 8.16M | 8.16M | 8.14M | 8.59M | 2.91M | 6.36M |
| Book Value Per Share | 0.34 | 0.34 | 0.39 | 0.42 | 0.27 | 0.34 |
| Tangible Book Value | 12.84M | 12.84M | 14.50M | 14.30M | 8.00M | 9.98M |
| Tangible Book Value Per Share | 0.33 | 0.33 | 0.38 | 0.40 | 0.25 | 0.31 |
| Machinery | 11.17M | 11.17M | 10.48M | 10.05M | 10.27M | 9.14M |
| Construction In Progress | 93.00K | 93.00K | 87.00K | |||
| Leasehold Improvements | 859.00K | 859.00K | 813.00K | 805.00K | 787.00K | 785.18K |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -2.44M | -2.44M | -1.94M | -3.24M | -2.53M | -1.24M |
| Depreciation & Amortization | 3.52M | 3.52M | 3.98M | 3.87M | 3.66M | 3.07M |
| Loss (Gain) From Sale of Assets | 107.00K | 107.00K | 1.00K | -13.00K | -186.00K | -8.61K |
| Asset Writedown & Restructuring Costs | 291.00K | 138.00K | ||||
| Stock-Based Compensation | 30.00K | 30.00K | 1.77M | |||
| Provision & Write-off of Bad Debts | -85.00K | -85.00K | 31.00K | |||
| Other Operating Activities | -502.00K | -502.00K | -278.00K | 16.00K | -15.00K | |
| Change in Accounts Receivable | -3.44M | -3.44M | 2.89M | -3.33M | -3.15M | 2.22M |
| Change in Inventory | 39.00K | 39.00K | 11.00K | 84.00K | 6.00K | -14.22K |
| Change in Accounts Payable | 76.00K | 76.00K | 879.00K | -1.33M | 1.97M | 2.21M |
| Change in Income Taxes | -75.00K | -75.00K | 462.00K | -228.00K | 77.41K | |
| Change in Other Net Operating Assets | -1.13M | -1.13M | -710.00K | -4.69M | -2.84M | -1.28M |
| Operating Cash Flow | -3.93M | -3.93M | 7.38M | -9.08M | -3.18M | 5.08M |
| Capital Expenditures | -1.74M | -1.74M | -1.10M | -909.00K | -2.00M | -2.57M |
| Sale of Property, Plant & Equipment | 1.01M | 1.01M | 67.00K | 102.00K | 871.00K | 637.18K |
| Cash Acquisitions | -618.46K | |||||
| Investing Cash Flow | -728.00K | -728.00K | -1.03M | -807.00K | -1.13M | -2.55M |
| Long-Term Debt Issued | 144.58M | 144.58M | 154.85M | 1.41M | 9.91M | 33.57M |
| Long-Term Debt Repaid | -141.82M | -141.82M | -159.23M | -3.25M | -1.82M | -34.56M |
| Net Debt Issued (Repaid) | 2.76M | 2.76M | -4.39M | -1.84M | 8.09M | -990.47K |
| Issuance of Common Stock | 9.47M | |||||
| Common Dividends Paid | -317.00K | -1.85M | ||||
| Other Financing Activities | 545.00K | 236.00K | -783.98K | |||
| Financing Cash Flow | 2.76M | 2.76M | -4.39M | 8.18M | 8.01M | -3.63M |
| Foreign Exchange Rate Adjustments | 673.00K | 673.00K | 533.00K | 284.00K | 235.00K | -571.49K |
| Miscellaneous Cash Flow Adjustments | 1.00 | |||||
| Net Cash Flow | -1.22M | -1.22M | 2.50M | -1.42M | 3.93M | -1.67M |
| Free Cash Flow | -5.66M | -5.66M | 6.28M | -9.99M | -5.19M | 2.51M |
| Free Cash Flow Margin | -7.26% | -7.26% | 8.45% | -13.78% | -7.52% | 4.61% |
| Free Cash Flow Per Share | -0.15 | -0.15 | 0.17 | -0.27 | -0.16 | 0.08 |
| Levered Free Cash Flow | -4.65M | -4.65M | 6.26M | -6.59M | -5.13M | 847.96K |
| Unlevered Free Cash Flow | -4.23M | -4.23M | 6.75M | -5.87M | -4.67M | 1.08M |
| Cash Interest Paid | 639.00K | 639.00K | 789.00K | 1.15M | ||
| Cash Income Tax Paid | 480.00K | 480.00K | ||||
| Change in Working Capital | -4.56M | -4.56M | 3.53M | -9.72M | -4.25M | 3.28M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 13.88M | 26.32M | 29.58M | 45.86M | ||
| Enterprise Value | 22.84M | 36.94M | 39.23M | 58.64M | ||
| Last Close Price | 0.34 | 0.69 | 0.78 | 1.29 | ||
| PS Ratio | 0.17 | 0.34 | 0.40 | 0.63 | ||
| PB Ratio | 0.98 | 2.10 | 2.02 | 3.04 | ||
| P/TBV Ratio | 1.01 | 2.05 | 2.04 | 3.21 | ||
| P/FCF Ratio | 4.71 | |||||
| P/OCF Ratio | 4.01 | |||||
| EV/Sales Ratio | 0.28 | 0.47 | 0.53 | 0.81 | ||
| EV/FCF Ratio | 6.24 | |||||
| Debt / Equity Ratio | 1.48 | 1.48 | 1.05 | 1.38 | 2.53 | 1.07 |
| Debt / FCF Ratio | 2.46 | 4.79 | ||||
| Net Debt / Equity Ratio | 0.71 | 0.71 | 0.30 | 0.75 | 1.44 | 0.61 |
| Net Debt / EBITDA Ratio | -2.60 | -2.60 | -1.24 | -3.15 | -3.07 | -2.90 |
| Net Debt / FCF Ratio | -1.58 | -1.58 | 0.71 | -1.13 | -2.46 | 2.74 |
| Asset Turnover | 1.86 | 1.86 | 1.72 | 1.64 | 1.82 | 1.75 |
| Inventory Turnover | 1,230.77 | 637.91 | 439.10 | |||
| Quick Ratio | 1.30 | 1.30 | 1.35 | 1.29 | 1.09 | 1.40 |
| Current Ratio | 1.36 | 1.36 | 1.39 | 1.38 | 1.12 | 1.51 |
| Return on Equity (ROE) | -21.80% | -21.80% | -14.93% | -26.98% | -25.37% | -10.30% |
| Return on Assets (ROA) | -7.36% | -7.36% | -7.33% | -7.46% | -10.02% | -8.31% |
| Return on Invested Capital (ROIC) | -22.93% | -24.27% | -22.34% | -21.98% | -30.72% | -25.88% |
| Return on Capital Employed (ROCE) | -25.00% | -25.00% | -25.00% | -23.20% | -33.30% | -19.90% |
| Earnings Yield | -17.56% | -9.26% | -6.57% | -7.06% | ||
| FCF Yield | -43.60% | -21.52% | 21.24% | -21.79% | ||
| Buyback Yield / Dilution | -2.22% | -2.22% | -15.64% | -3.96% |