Primech Holdings Ltd
PMEC Nasdaq Services-To Dwellings & Other Buildings Financials FY2023–FY2026
What Primech Holdings Ltd does
No business description yet.
- Legal name
- Primech Holdings Ltd
- Fiscal year ends
- March 31, 2026
- Latest annual report
- 20-F · Jul 29, 2026
- Accession · CIK
- 0001213900-26-082565
0001891944
Revenue and margins
Primech Holdings Ltd had $78.0M of revenue in fiscal 2026, up 4.9% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was −$5.7M in fiscal 2026, −7.3% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Primech Holdings Ltd returned — to shareholders in fiscal 2026. The diluted share count rose 2.2%.
Balance sheet
Cash, debt and the ratios that show how comfortably Primech Holdings Ltd can carry it.
| Fiscal year end | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Cash and short-term investments | $9.1M | $7.6M | $10.1M | $8.9M |
| Debt incl. finance leases | — | $17.3M | $13.4M | $16.8M |
| Net debt / EBITDA | — | — | 6.0x | — |
| Debt / equity | — | 1.1x | 0.9x | 1.2x |
| Interest coverage | −2.9x | −2.4x | −1.2x | −3.0x |
| Current ratio | 1.1x | 1.4x | 1.4x | 1.4x |
| Quick ratio | 1.1x | 1.4x | 1.4x | 1.4x |
| Total assets | $42.8M | $45.5M | $41.2M | $42.5M |
| Total liabilities | $34.0M | $30.5M | $26.5M | $30.0M |
| Shareholders' equity | $8.8M | $15.0M | $14.9M | $13.3M |
| Net debt (− = net cash) | — | $9.7M | $3.2M | $7.8M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ | ✕ |
| Cash from operations is positive | ✕ | ✕ | ✓ | ✕ |
| Return on assets rose | — | ✕ | ✓ | ✕ |
| Cash from operations exceeds net income | ✕ | ✕ | ✓ | ✕ |
| Debt fell relative to assets | — | — | ✓ | ✕ |
| Current ratio rose | — | ✓ | ✓ | ✕ |
| Share count didn't rise | — | ✕ | ✕ | ✕ |
| Gross margin rose | — | ✓ | ✓ | ✕ |
| Revenue rose relative to assets | — | ✕ | ✓ | ✓ |
| F-score | — / 3 | 2 / 8 | 7 / 9 | 1 / 9 |
| Accruals ratio | 1.5% | 13.2% | −21.5% | 3.6% |
| Altman Z'' | −0.06 | 0.70 | 0.86 | 0.38 |
4 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $69.0M | $72.5M | $74.3M | $78.0M |
| Gross profit | $10.6M | $12.6M | $17.5M | $13.3M |
| Operating income | −$2.1M | −$2.8M | −$0.9M | −$2.0M |
| Interest expense | $0.7M | $1.1M | $0.8M | $0.7M |
| Pretax income | −$2.6M | −$3.7M | −$1.8M | −$2.6M |
| Income tax | −$0.0M | −$0.5M | $0.5M | $0.4M |
| Net income | −$2.5M | −$3.2M | −$1.9M | −$2.4M |
| Diluted EPS | −$0.08 | −$0.10 | −$0.05 | −$0.06 |
| Diluted shares | 0.03B | 0.03B | 0.04B | 0.04B |
| Cash flow | ||||
| Cash from operations | −$3.2M | −$9.1M | $7.4M | −$3.9M |
| Capital expenditure | $2.0M | $0.9M | $1.1M | $1.7M |
| Free cash flow | −$5.2M | −$10.0M | $6.3M | −$5.7M |
| Depreciation and amortization | $1.6M | $1.6M | $1.5M | $1.5M |
| Stock-based compensation | — | — | $1.8M | $0.0M |
| Dividends paid | $0.3M | — | — | — |
| Dividends and buybacks | $0.3M | — | — | — |
| Balance sheet | ||||
| Cash and short-term investments | $9.1M | $7.6M | $10.1M | $8.9M |
| Total debt | — | $17.0M | $12.8M | $16.3M |
| Finance lease liabilities | $0.3M | $0.3M | $0.5M | $0.5M |
| Current assets | $27.4M | $31.3M | $29.0M | $30.9M |
| Current liabilities | $24.5M | $22.7M | $20.9M | $22.8M |
| Inventory | $0.1M | $0.1M | $0.0M | — |
| Property and equipment, net | $10.9M | $10.1M | $9.7M | $9.4M |
| Goodwill | $0.7M | $0.7M | $0.4M | $0.4M |
| Intangible assets | $0.1M | $0.0M | $0.0M | — |
| Total assets | $42.8M | $45.5M | $41.2M | $42.5M |
| Total liabilities | $34.0M | $30.5M | $26.5M | $30.0M |
| Shareholders' equity | $8.8M | $15.0M | $14.9M | $13.3M |
| Margins | ||||
| Gross margin | 15.4% | 17.4% | 23.6% | 17.1% |
| Operating margin | −3.0% | −3.8% | −1.3% | −2.5% |
| EBITDA margin | −0.7% | −1.6% | 0.7% | −0.7% |
| Net margin | −3.7% | −4.5% | −2.6% | −3.1% |
| FCF margin | −7.5% | −13.8% | 8.5% | −7.3% |
| Returns | ||||
| Return on capital | — | −9.0% | −4.3% | −7.6% |
| Return on capital employed | −11.5% | −12.2% | −4.7% | −10.1% |
| Return on equity | −28.8% | −27.3% | −13.0% | −17.3% |
| Return on assets | −5.9% | −7.3% | −4.5% | −5.8% |
| Return on tangible equity | −31.7% | −22.6% | −13.4% | −18.9% |
| Growth | ||||
| Revenue growth | — | 5.1% | 2.5% | 4.9% |
| FCF growth | — | — | — | −190.1% |
| Share count change | — | 4.4% | 10.8% | 2.2% |
| Financial health | ||||
| Net debt / EBITDA | — | — | 6.0x | — |
| Debt / equity | — | 1.1x | 0.9x | 1.2x |
| Interest coverage | −2.9x | −2.4x | −1.2x | −3.0x |
| Current ratio | 1.1x | 1.4x | 1.4x | 1.4x |
| Quick ratio | 1.1x | 1.4x | 1.4x | 1.4x |
| Capital allocation | ||||
| Capex / revenue | 2.9% | 1.3% | 1.5% | 2.2% |
| Stock comp / revenue | — | — | 2.4% | 0.0% |
| Quality scores | ||||
| Piotroski F-score | — | 2.0 | 7.0 | 1.0 |
| Altman Z'' | −0.1 | 0.7 | 0.9 | 0.4 |
| Accruals ratio | 1.5% | 13.2% | −21.5% | 3.6% |
Source: SEC EDGAR XBRL filings (CIK 0001891944). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.