TPCS TECHPRECISION CORP

Overview and Growth

TECHPRECISION CORP generated $31.64M of revenue in fiscal 2026, with net loss of $1.66M and an operating cash inflow of $6.00K. The $31.64M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $34.03M in fiscal 2025, revenue decreased 7.0%, a top-line contraction that reduced operating scale. The company reported diluted EPS of -$0.17, adding a shareholder-level measure to the absolute income figures considered below. Diluted shares averaged 9.91M; this is the reported share base over which the company’s diluted per-share earnings were spread. At period end, total assets were $32.27M, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 0.98x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $4.97M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 15.7% of revenue, showing how much of the top line remained after direct costs. Operations produced a $1.07M operating loss before non-operating and tax effects. An operating margin of -3.4% reflected costs exceeding revenue-level gross profit by 3.4% of sales. After all below-operating-line items, the company recorded a net loss of $1.66M for the fiscal year. Net margin was -5.3%, reflecting a loss equal to 5.3% of reported revenue. EBITDA was $1.73M, adding a pre-interest, tax, depreciation, and amortization view of the company’s earnings capacity. The pretax result was a loss of $1.63M, establishing the deficit before tax effects. The pretax loss equaled 5.2% of revenue, measuring the pre-tax deficit against sales. Income tax expense totaled $31.00K, providing the reported tax component that separates pretax and after-tax earnings. Relative to period-end equity, the net loss represented 21.7%. The net loss equaled 5.2% of period-end assets, showing the deficit relative to the asset base. The net loss narrowed to $1.66M from $2.75M in fiscal 2025.

Liquidity and Capital Structure

The company held $32.27M of assets against $24.60M of liabilities and $7.67M of equity, revealing how the asset base was financed. At period end, current assets of $17.73M compared with current liabilities of $18.17M, defining the company’s short-term resource position. The current ratio was 0.98x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Cash and equivalents totaled $431.00K, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 2.4% of current liabilities, showing how much near-term coverage came from cash alone. Book equity represented 23.8% of total assets, quantifying the balance-sheet share supported by shareholder capital. Liabilities represented 76.2% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 1.3%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 3.7% from $33.53M in fiscal 2025, leaving current total assets lower year over year. Reported equity changed 12.2% from $8.74M in fiscal 2025, placing the current capital base lower year over year. The reported cash balance changed 121.0% from $195.00K in fiscal 2025, ending higher year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $6.00K, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Capital spending was $3.27M, absorbing part of the cash generated from operations before free cash flow. The company recorded a $3.26M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 10.3% of revenue, showing the post-investment cash shortfall relative to sales. The free-cash-flow deficit equaled 10.1% of total assets, placing the cash shortfall against the company’s resource base.

Based on the annual report for the fiscal year ending Mar 31, 2026. Analysis generated Oct 21, 2026.