Primech Holdings Ltd key statistics and ratios

In fiscal 2026, Primech Holdings Ltd had return on equity of -17.3%, an operating margin of -2.5%, debt equal to 199.2% of equity and a current ratio of 1.36. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Primech Holdings Ltd: financial ratios, annual
Fiscal year	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Gross margin	15.4%	17.4%	23.6%	17.1%
Operating margin	−3.0%	−3.8%	−1.3%	−2.5%
Net margin	−3.7%	−4.5%	−2.6%	−3.1%
Free-cash-flow margin	−7.5%	−13.8%	8.5%	−7.3%
Return on equity	−28.8%	−27.3%	−13.0%	−17.3%
Return on assets	−5.9%	−7.3%	−4.5%	−5.8%
Asset turnover	1.61	1.64	1.71	1.86
Current ratio	1.12	1.38	1.39	1.36
Debt to equity	216.6%	188.5%	143.0%	199.2%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m
Capital spending as % of revenue	2.9%	1.3%	1.5%	2.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 6 checks passed · March 31, 2026

What it owns · $43m

Short-term assets $31mLonger-term assets $12m

What it owes, and who funded it · $43m

Short-term liabilities $23mLonger-term liabilities $7mShareholders' equity $13m

Short-term assets cover short-term liabilities $31m of assets due within a year against $23m of liabilities due within a year.
Short-term assets cover long-term liabilities $31m short-term assets against $7m of longer-dated liabilities.
More cash than debt $9m of cash against $16m of debt.
Debt below 40% of shareholders' equity Debt is 123% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt −$4m of operating cash flow against $16m of debt.
Operating profit covers interest at least five times over Operating income of −$2m against $672,000 of interest.

From Primech Holdings Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Primech Holdings Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Primech Holdings Ltd.