Primech Holdings Ltd. (PMEC) AI Stock Analysis

NASDAQ: PMECAI research summary: business, growth, valuation, analysts, bull and bear case.

PMEC AI stock analysis summary

AI Research

Primech Holdings Ltd. is a Singapore-based provider of facilities management, stewarding, and cleaning services. While revenue reached $78.0M in FY2026 with a 5-year CAGR of 10.2%, the company reported net income of -$2.4M and operating cash flow of -$3.9M. Its stock closed at $0.44 after falling 80.2% over the past year.

Market cap
$16.9M
Revenue (TTM)
$78.0M
P/E
—
1Y return
-80.2%
S&P 500 16.8%
Avg. target
—

Bull case

  • Revenue expanded at a 5-year CAGR of 10.2% from FY2021 to FY2026, reaching $78.0M.
  • The company maintained short-term liquidity with a current ratio of 1.36 and cash and short-term investments of $8.9M as of June 30, 2026.
  • Primech trades at a price-to-sales multiple of 0.2x, below the US-listed Industrials peer median of 1.5x.

Bear case

  • The company remained unprofitable across all five reported fiscal years, posting net income of -$2.4M in FY2026.
  • Free cash flow was -$5.7M in FY2026 alongside an operating margin of -6.4%.
  • The stock fell 80.2% over the past year, trailing the S&P 500 return of 16.8%.

What Primech does

Primech Holdings Ltd. is a Singapore-based facilities management and stewarding services provider founded in 2020. The company delivers routine cleaning and maintenance for airports, residential areas, and commercial buildings, alongside specialized solutions such as marble polishing, clean room sanitation, waste disposal, and pest control. Its stewarding operations provide kitchen cleaning for healthcare facilities, hotels, and restaurants, as well as trained customer service and food and beverage staffing. Primech also operates HomeHelpy, an online booking platform for home and office cleaning, and manufactures cleaning supplies under the D'Bond brand for domestic and industrial use.

Growth and profitability

Primech expanded revenue from $54.4M in FY2022 to $69.0M in FY2023, $72.5M in FY2024, $74.3M in FY2025, and $78.0M in FY2026, delivering a 5-year revenue CAGR of 10.2%. Annual revenue growth slowed from 26.8% in FY2023 to 4.9% in FY2026. Gross margin declined to 10.1% in FY2026 from 23.6% in FY2025. Operating margin was -6.4% in FY2026, while net margin was -3.1% with net income of -$2.4M. Over the trailing twelve months ended June 30, 2026, revenue stood at $78.0M with quarterly revenue growth of 6.8% year-over-year, an operating margin of -10.0%, and diluted earnings per share of -$0.06.

PMEC income statement →

Balance sheet and cash flow

As of June 30, 2026, Primech held $8.9M in cash and short-term investments against $18.6M in total debt, resulting in net debt of $9.6M. The company reported shareholders' equity of $13.3M, total assets of $42.5M, a current ratio of 1.36, and a debt-to-equity ratio of 1.40. In FY2026, operating cash flow was -$3.9M and free cash flow was -$5.7M after capital expenditures of $1.7M. Additionally, the company experienced an 18.2% 5-year change in share count.

PMEC balance sheet →

Valuation and performance

At a last close of $0.44, Primech holds a market capitalization of $16.9M and an enterprise value of $32.6M. The stock trades at a price-to-sales multiple of 0.2x and an EV-to-revenue multiple of 0.4x, both lower than the median of 1.5x price-to-sales among its US-listed Industrials peers. Its EV-to-EBITDA ratio of 20.5x is above the peer median of 13.9x. Primech's shares fell 80.2% over the past year and fell 56.9% year-to-date, trailing the S&P 500 return of 16.8% over the one-year period.

PMEC key metrics →

What analysts expect

Primech Holdings Ltd. currently has no published analyst coverage, formal rating counts, or consensus price targets in the tracked data. The company also lacks consensus earnings per share forecasts or revenue estimates from Wall Street analysts. Its next earnings date is scheduled for November 4, 2026. Investors rely on its reported quarterly and annual filings, which show trailing twelve-month revenue of $78.0M and a diluted earnings per share of -$0.06.

Key risks and what to watch

  • Total debt stood at $18.6M against shareholders' equity of $13.3M as of June 30, 2026, creating a debt-to-equity ratio of 1.40.
  • Gross margin compressed from 23.6% in FY2025 to 10.1% in FY2026.
  • Insiders own 86.3% of shares, leaving an institutional ownership stake of only 0.4%.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this PMEC AI stock analysis

This page is an AI-written research summary of Primech Holdings Ltd. (PMEC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: PMEC income statement, PMEC balance sheet, PMEC key metrics, PMEC chart. See the PMEC stock overview for the latest quote and news.

PMEC AI stock analysis FAQ

What does Primech Holdings Ltd. do?

Primech Holdings Ltd. provides facilities management, cleaning, and stewarding services in Singapore. It services airports, residential properties, commercial facilities, and hospitality kitchens, and also operates the HomeHelpy platform and D'Bond cleaning supplies brand.

Is Primech Holdings Ltd. profitable?

No, Primech is not profitable. The company recorded net income of -$2.4M in FY2026 and trailing twelve-month earnings per share of -$0.06.

What is Primech's debt position?

As of June 30, 2026, Primech had $18.6M in total debt and $8.9M in cash and short-term investments, resulting in net debt of $9.6M and a debt-to-equity ratio of 1.40.

When is Primech Holdings Ltd.'s next earnings date?

Primech's next earnings date is scheduled for November 4, 2026.

More Industrials AI stock analysis