Is Primech Holdings Ltd (PMEC) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 57.5% / 30% | 37.7% / 30% | 63.6% / 30% | 0.39% / 5% | ✗ NOT HALAL |
| DJIM | 57.5% / 33% | 37.7% / 33% | 63.6% / 33% | 0.39% / 5% | ✗ NOT HALAL |
| MSCI | 37.6% / 33% | 24.6% / 33% | 41.5% / 33% | 0.39% / 5% | ✗ NOT HALAL |
| S&P | 57.5% / 33% | 37.7% / 33% | 63.6% / 33% | 0.39% / 5% | ✗ NOT HALAL |
| FTSE | 37.6% / 33% | 24.6% / 33% | 41.5% / 50% | 0.39% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 18.1% | |
| Operating Margin | -11.1% | |
| Net Margin | -2.6% | |
| Return on Equity (ROE) | -14.9% | |
| Return on Assets (ROA) | -7.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $7M |
| Free Cash Flow | $6M |
| Total Debt | $15M |
| Debt-to-Equity | 105.4 |
| Current Ratio | 1.4 |
| Total Assets | $41M |
Price & Trading
| Last Close | $0.71 |
| 50-Day MA | $0.78 |
| 200-Day MA | $1.27 |
| Avg Volume | 108K |
| Beta | 1.5 |
|
52-Week Range
$0.60
| |
About Primech Holdings Ltd (PMEC)
Primech Holdings Ltd. provides facilities and stewarding services for the public and private sectors in Singapore. The company offers conservancy areas cleaning services, including daily cleaning of common areas within town councils, monthly block washing, and quarterly fogging of bin chutes; educational institutions cleaning services, such as cleaning of schools; airport cleaning services; cleaning of hotels, public spaces and roads, condominium common areas and facilities, offices, industrial areas, and retail stores; and marble polishing services, external façade cleaning for exteriors of buildings, and stewarding and clean room cleaning services. It also provides waste management services, such as the collection, transportation, and disposal of general waste, and sorting of waste for recycling, as well as pest control services comprising the remediation and prevention of infestations of rodents, insects, birds, and other pests. In addition, the company offers horticultural maintenance services, such as weeding, fertilizing, mowing, and irrigation; stewarding services, including cleaning of kitchen equipment and dishwashing, room attendant services, and public area cleaning services to healthcare facilities, hotels and other hospitality venues, and restaurants; and cleaning services to offices. Further, it operates HomeHelpy, an online portal that allows individual customers to book cleaning services in homes and offices; and manufactures and sells cleaning supplies, such as hand soaps, hand soap dispensers, cleaning fluids, and garbage bags used for general, floor, carpet, restroom, or kitchen purposes, as well as treatment products used in the marine industry under the D'Bond brand name. The company was incorporated in 2020 and is headquartered in Singapore. Primech Holdings Ltd. is a subsidiary of Sapphire Universe Holdings Limited.
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Frequently Asked Questions
Is Primech Holdings Ltd (PMEC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Primech Holdings Ltd is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Primech Holdings Ltd's debt ratio?
Primech Holdings Ltd's debt ratio is 57.5% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 37.6%.
What are Primech Holdings Ltd's key financial metrics?
Primech Holdings Ltd has a market capitalization of $27M, and revenue of $74M. The company maintains a gross margin of 18.1% and a net margin of -2.6%. Return on equity stands at -14.9%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.