Primech Holdings Ltd.
PMEC Industrials Specialty Business Services
Primech Holdings Ltd.’s revenue for fiscal 2026 (year ended March 2026) was $78.0 million, up 4.92% from fiscal 2025. Revenue growth for five consecutive years; insiders bought in the last twelve months.
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Primech Holdings Ltd. (PMEC) Piotroski F-score
Primech Holdings Ltd.'s Piotroski F-score for fiscal 2026 is 1 out of 9: 1 of nine tests of profitability, leverage and efficiency passed, down from 7 in fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 1 | (6.00) |
| FY2025 | 7 | 4.00 |
| FY2024 | 3 | 0.00 |
| FY2023 | 3 | 0.00 |
| FY2022 | 3 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (5.82%) | (4.48%) | Fail | 0 |
| Positive operating cash flow | (3.93m) | 7.38m | Fail | 0 |
| Rising return on assets | (5.82%) | (4.48%) | Fail | 0 |
| Cash flow above net income | (1.49m) | 9.32m | Fail | 0 |
| Falling long-term leverage | 0.17 | 0.12 | Fail | 0 |
| Rising current ratio | 1.36 | 1.39 | Fail | 0 |
| No new shares issued | 38,418,000 | 37,584,000 | Fail | 0 |
| Rising gross margin | 17.07% | 23.57% | Fail | 0 |
| Rising asset turnover | 1.86 | 1.71 | Pass | 1 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 1 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| WHLM Wilhelmina International, Inc. compare | 8 |
| ANPA Rich Sparkle Holdings Limited compare | 6 |
| NTIP Network-1 Technologies, Inc. compare | 5 |
| PC Premium Catering (Holdings) Limited compare | 3 |
| YSXT YSX Tech Co., Ltd compare | 2 |
| LICN Lichen International Limited compare | 2 |
| SST System1, Inc. compare | 2 |
| PMEC Primech Holdings Ltd. | 1 |
| SFHG Samfine Creation Holdings Group Limited compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover