TechPrecision Corporation (TPCS) Key Metrics
TPCS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $55.0M
- Enterprise value
- $61.4M
- P/E (TTM)
- — 10-yr median 28.2
- Forward P/E
- 4.4
- PEG ratio
- —
- Price / sales
- 1.6 10-yr median 1.5
- Price / book
- 7.0 10-yr median 3.7
- EV / EBITDA
- 29.7 10-yr median 30.9
- Dividend yield
- —
- Beta
- 0.56
TPCS key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsTPCS valuation Price multiples at each fiscal year-end price.
Price / sales+47.5%
0.9
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / book+56.2%
3.9
FY2026 · hover or tap a bar for each year
FY2017FY2026
EV / EBITDA−59.2%
23.1
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow yield+10.8 pts
−10.9%
FY2026 · hover or tap a bar for each year
FY2017FY2026
TPCS returns How much profit the business earns on the capital it uses.
Return on equity+12.9 pts
−20.3%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on invested capital+4.0 pts
−4.4%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on assets+3.0 pts
−5.1%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow margin+3.6 pts
−10.3%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Asset turnover−3.5%
0.96
FY2026 · hover or tap a bar for each year
FY2017FY2026
TPCS per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−11.3%
$3.19
FY2026 · hover or tap a bar for each year
FY2017FY2026
Earnings per share
−$0.17
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow per share
−$0.33
FY2026 · hover or tap a bar for each year
FY2017FY2026
Book value per share−16.2%
$0.77
FY2026 · hover or tap a bar for each year
FY2017FY2026
Shares outstanding+4.8%
9.9M
FY2026 · hover or tap a bar for each year
FY2017FY2026
TPCS financial health Debt, liquidity and how easily interest is covered.
Debt / equity+2.1%
1.37
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt−$1.5M
$10.1M
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt / EBITDA−13.85
5.86
FY2026 · hover or tap a bar for each year
FY2017FY2026
Current ratio+7.6%
0.98
FY2026 · hover or tap a bar for each year
FY2017FY2026
Interest coverage
-2.2
FY2026 · hover or tap a bar for each year
FY2017FY2026
Debt / assets−6.8%
0.33
FY2026 · hover or tap a bar for each year
FY2017FY2026
TPCS efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+23 days
145 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days of inventory+2 days
40 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days payables outstanding+10 days
33 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Cash conversion cycle+16 days
151 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Capex / revenue−1.8 pts
10.3%
FY2026 · hover or tap a bar for each year
FY2017FY2026
TPCS valuation history
Fiscal year-endToday10-year median
TPCS returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TPCS debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TPCS cash returned to shareholders
DividendsBuybacksFree cash flow
TPCS price vs earnings per share
Share price at year-endEPS (right axis)
TPCS key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $29.8M | $21.8M | $31.5M | $60.8M | $54.7M | $39.4M | $37.2M | $31.1M | $15.6M | $21.3M |
| Enterprise value | $40.0M | $33.3M | $44.0M | $72.1M | $67.3M | $41.1M | $38.8M | $33.2M | $17.8M | $23.8M |
| P/E ratio | — | — | — | — | — | 122.9 | — | 28.2 | — | 4.2 |
| Price / sales | 0.9 | 0.6 | 1.0 | 1.9 | 2.5 | 2.5 | 2.3 | 1.9 | 0.8 | 1.1 |
| Price / book | 3.9 | 2.5 | 4.0 | 4.2 | 3.6 | 4.0 | 3.9 | 3.2 | 1.9 | 2.7 |
| Price / free cash flow | — | — | — | 74.8 | — | — | 58.3 | 366.8 | 59.5 | 22.6 |
| Price / operating cash flow | — | — | 24.1 | 19.4 | 212.2 | 62.0 | 54.9 | 58.4 | 12.4 | 12.3 |
| EV / sales | 1.3 | 1.0 | 1.4 | 2.3 | 3.0 | 2.6 | 2.4 | 2.0 | 1.0 | 1.3 |
| EV / EBITDA | 23.1 | 56.8 | — | 40.3 | 307.6 | 30.9 | 64.8 | 12.6 | 10.7 | 9.7 |
| EV / free cash flow | — | — | — | 88.7 | — | — | 60.9 | 392.7 | 68.1 | 25.3 |
| Earnings yield | −5.6% | −12.6% | −22.4% | −1.6% | −0.6% | 0.8% | −0.9% | 3.5% | −1.7% | 23.8% |
| Free cash flow yield | −10.9% | −21.7% | −6.1% | 1.3% | −1.2% | 0.0% | 1.7% | 0.3% | 1.7% | 4.4% |
| Dividend yield | — | — | — | — | — | — | — | 0.6% | — | — |
| Shareholder yield (dividends + buybacks) | — | — | — | — | — | — | 0.0% | 1.2% | — | — |
| Share price at fiscal year-end | $3.01 | $2.30 | $3.61 | $7.07 | $6.76 | $5.08 | $5.08 | $4.10 | $2.16 | $2.98 |
| Per share | ||||||||||
| Revenue per share | $3.19 | $3.60 | $3.62 | $3.66 | $2.75 | $2.01 | $2.19 | $2.21 | $2.60 | $2.59 |
| Earnings per share | −$0.17 | −$0.29 | −$0.81 | −$0.11 | −$0.04 | $0.04 | −$0.05 | $0.15 | −$0.04 | $0.71 |
| Operating cash flow per share | $0.00 | −$0.06 | $0.15 | $0.37 | $0.03 | $0.08 | $0.09 | $0.07 | $0.17 | $0.24 |
| Free cash flow per share | −$0.33 | −$0.50 | −$0.22 | $0.09 | −$0.08 | $0.00 | $0.09 | $0.01 | $0.04 | $0.13 |
| Cash per share | $0.04 | $0.02 | $0.02 | $0.06 | $0.13 | $0.27 | $0.13 | $0.27 | $0.37 | $0.43 |
| Book value per share | $0.77 | $0.92 | $0.90 | $1.70 | $1.89 | $1.28 | $1.29 | $1.28 | $1.11 | $1.11 |
| Tangible book value per share | $0.77 | $0.92 | $0.90 | $1.70 | $1.89 | $1.28 | $1.29 | $1.28 | $1.11 | $1.11 |
| Dividends per share | — | — | — | — | — | — | — | $0.02 | — | — |
| Capex per share | $0.33 | $0.44 | $0.37 | $0.27 | $0.12 | $0.08 | $0.01 | $0.06 | $0.14 | $0.11 |
| Debt per share | $1.06 | $1.24 | $1.46 | $1.38 | $1.69 | $0.49 | $0.35 | $0.56 | $0.69 | $0.78 |
| Shares outstanding | 9.9M | 9.5M | 8.7M | 8.6M | 8.1M | 7.8M | 7.3M | 7.6M | 7.2M | 7.2M |
| Change in shares outstanding | +4.8% | +8.5% | +1.4% | +6.2% | +4.3% | +6.1% | −3.4% | +5.1% | +0.7% | +7.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −20.3% | −33.2% | −62.9% | −6.6% | −2.8% | 3.3% | −3.6% | 12.4% | −3.3% | 104.8% |
| Return on invested capital (ROIC) | −4.4% | −8.4% | −15.8% | −3.2% | −6.2% | 4.1% | −1.0% | 12.0% | 4.7% | 36.9% |
| Return on assets (ROA) | −5.1% | −8.0% | −19.8% | −2.6% | −1.3% | 2.0% | −2.2% | 7.3% | −1.8% | 36.1% |
| Return on tangible assets | −5.2% | −8.2% | −20.3% | −2.7% | −0.9% | 1.9% | −2.3% | 6.9% | −1.9% | 31.7% |
| Free cash flow margin | −10.3% | −13.9% | −6.1% | 2.6% | −3.1% | 0.1% | 4.0% | 0.5% | 1.4% | 5.1% |
| Income quality (OCF / net income) | — | — | — | — | — | 1.98 | — | 0.48 | — | 0.34 |
| Financial health | ||||||||||
| Total debt | $10.5M | $11.8M | $12.7M | $11.8M | $13.7M | $3.8M | $2.6M | $4.2M | $5.0M | $5.6M |
| Cash & short-term investments | $431,000 | $195,000 | $138,402 | $534,474 | $1.1M | $2.1M | $930,856 | $2.0M | $2.7M | $3.1M |
| Net debt | $10.1M | $11.6M | $12.6M | $11.3M | $12.6M | $1.7M | $1.6M | $2.2M | $2.3M | $2.5M |
| Debt / equity | 1.37 | 1.35 | 1.63 | 0.81 | 0.89 | 0.38 | 0.27 | 0.44 | 0.62 | 0.70 |
| Debt / assets | 0.33 | 0.35 | 0.37 | 0.33 | 0.36 | 0.23 | 0.18 | 0.26 | 0.35 | 0.35 |
| Net debt / EBITDA | 5.86 | 19.71 | — | 6.31 | 57.57 | 1.27 | 2.73 | 0.84 | 1.35 | 1.03 |
| Current ratio | 0.98 | 0.91 | 0.84 | 1.62 | 1.21 | 2.10 | 3.11 | 3.14 | 3.38 | 2.90 |
| Quick ratio | 0.81 | 0.74 | 0.65 | 1.35 | 1.04 | 1.83 | 2.65 | 2.71 | 3.28 | 2.85 |
| Interest coverage | -2.2 | -4.0 | -8.9 | -3.1 | -5.8 | 3.1 | -0.5 | 5.2 | 2.3 | 4.5 |
| Working capital | −$441,000 | −$1.6M | −$2.9M | $5.6M | $2.8M | $5.2M | $5.6M | $6.3M | $4.9M | $5.0M |
| Invested capital | $17.8M | $20.3M | $20.4M | $25.9M | $27.9M | $11.6M | $11.1M | $11.9M | $10.3M | $10.5M |
| Tangible asset value | $7.7M | $8.7M | $7.8M | $14.6M | $15.3M | $9.9M | $9.5M | $9.7M | $8.0M | $8.0M |
| Net current asset value | −$6.9M | −$9.4M | −$12.1M | −$7.0M | −$6.5M | $3.1M | $3.1M | $2.8M | $756,890 | −$434,991 |
| Graham number | — | — | — | — | — | $1.09 | — | $2.05 | — | $4.22 |
| Graham net-net per share | −$1.28 | −$1.51 | −$1.95 | −$1.33 | −$1.47 | $0.08 | $0.08 | $0.05 | −$0.10 | −$0.27 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | $182,400 | — | — |
| Share buybacks (net) | — | — | — | — | — | — | $0 | $188,600 | — | — |
| Dividend payout ratio | — | — | — | — | — | — | — | 16.6% | — | — |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | 0.0% | 438.2% | — | — |
| Capex / revenue | 10.3% | 12.1% | 10.2% | 7.4% | 4.2% | 4.0% | 0.2% | 2.7% | 5.3% | 4.2% |
| Capex / operating cash flow | 54,416.7% | — | 247.6% | 74.1% | 364.2% | 97.1% | 5.9% | 84.1% | 79.2% | 45.5% |
| Capex / depreciation | 1.17 | 1.47 | 1.33 | 1.05 | 0.64 | 0.88 | 0.06 | 0.60 | 1.41 | 1.14 |
| Stock-based compensation / revenue | 2.0% | 1.5% | 4.4% | 1.0% | 0.9% | 1.2% | 0.6% | 0.8% | 1.6% | 6.3% |
| SG&A / revenue | 19.1% | 19.1% | 27.7% | 19.1% | 20.7% | 18.2% | 17.4% | 16.4% | 16.1% | 23.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 144.6 | 121.6 | 128.2 | 131.5 | 143.5 | 136.4 | 124.2 | 99.2 | 74.5 | 82.5 |
| Days of inventory on hand | 39.9 | 37.7 | 37.6 | 32.0 | 34.0 | 37.7 | 34.9 | 21.7 | 4.3 | 4.0 |
| Days payables outstanding | 33.2 | 23.6 | 24.1 | 38.9 | 37.9 | 10.3 | 11.3 | 14.4 | 8.8 | 19.9 |
| Cash conversion cycle (days) | 151.3 | 135.7 | 141.7 | 124.6 | 139.6 | 163.7 | 147.8 | 106.6 | 70.0 | 66.5 |
| Receivables turnover | 2.52 | 3.00 | 2.85 | 2.78 | 2.54 | 2.68 | 2.94 | 3.68 | 4.90 | 4.42 |
| Payables turnover | 10.99 | 15.45 | 15.13 | 9.39 | 9.63 | 35.37 | 32.41 | 25.38 | 41.50 | 18.30 |
| Inventory turnover | 9.14 | 9.69 | 9.70 | 11.42 | 10.73 | 9.68 | 10.47 | 16.80 | 85.65 | 92.12 |
| Asset turnover | 0.96 | 1.00 | 0.89 | 0.85 | 0.82 | 1.00 | 1.05 | 1.10 | 1.24 | 1.32 |
| Average receivables | $12.5M | $11.3M | $11.1M | $11.3M | $8.8M | $5.8M | $5.4M | $4.5M | $3.8M | $4.2M |
| Average payables | $2.4M | $1.9M | $1.8M | $2.8M | $2.0M | $342,956 | $397,074 | $477,394 | $355,506 | $680,686 |
| Average inventory | $2.9M | $3.1M | $2.8M | $2.3M | $1.8M | $1.3M | $1.2M | $721,526 | $172,264 | $135,194 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from TPCS's annual financial statements (latest annual report filed June 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TPCS valuation and financial ratios
TechPrecision earned a return on equity of −20.3% and a return on invested capital of −4.4% in fiscal 2026. It ended the year with $10.5 million of debt and $0.4 million in cash and short-term investments, net debt of $10.1 million. The share count rose 38.6% from 7.2M to 9.9M over 9 years.
See the TPCS income statement, the TPCS chart for price history, or the TPCS stock overview for the latest quote and news.
TPCS key metrics FAQ
What is TechPrecision's EV/EBITDA?
TechPrecision's enterprise value was 23.1 times EBITDA at the end of fiscal 2026 (enterprise value $40.0 million, EBITDA $1.7 million); the current EV/EBITDA is 29.7.
What is TechPrecision's return on equity?
TechPrecision's return on equity (ROE) was −20.3% in fiscal 2026: net income of -$1.7 million on average shareholders' equity of $8.2 million.
What is TechPrecision's ROIC?
TechPrecision's return on invested capital was −4.4% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does TechPrecision have?
TechPrecision had total debt of $10.5 million at the end of fiscal 2026, a debt-to-equity ratio of 1.37 and $10.1 million of net debt (5.86 times EBITDA).
What is TechPrecision's free cash flow yield?
TechPrecision generated -$3.3 million of free cash flow in fiscal 2026, a free cash flow yield of −10.9% on its market value at year-end ($29.8 million).
What is TechPrecision's current ratio?
TechPrecision's current ratio was 0.98 at the end of fiscal 2026: current assets were 0.98 times current liabilities.