Aeries Technology, Inc.
AERT Industrials Consulting Services
Aeries Technology, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $70.0 million, roughly unchanged from fiscal 2025. In the quarter to June 2026, revenue grew 43.0%, EPS grew 29.2%, free cash flow grew 309.6% and total debt fell 27.1%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Aeries Technology, Inc. (AERT) Piotroski F-score
Aeries Technology, Inc.'s Piotroski F-score for fiscal 2026 is 8 out of 9: 8 of nine tests of profitability, leverage and efficiency passed, up from 2 in fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 8 | 6.00 |
| FY2025 | 2 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 6.25% | (44.18%) | Pass | 1 |
| Positive operating cash flow | 6.77m | (1.01m) | Pass | 1 |
| Rising return on assets | 6.25% | (44.18%) | Pass | 1 |
| Cash flow above net income | 4.22m | 18.71m | Pass | 1 |
| Falling long-term leverage | 0.02 | 0.02 | Pass | 1 |
| Rising current ratio | 0.78 | 0.66 | Pass | 1 |
| No new shares issued | 6,041,300 | 5,385,100 | Fail | 0 |
| Rising gross margin | 24.71% | 23.82% | Pass | 1 |
| Rising asset turnover | 1.71 | 1.57 | Pass | 1 |
| Piotroski F-score | Strong — most fundamentals improved | 8 | ||
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 |
|---|---|
| AERT Aeries Technology, Inc. | 8 |
| ACCL Acco Group Holdings Limited compare | 7 |
| RYOJ rYojbaba Co., Ltd. compare | 5 |
| RGP Resources Connection, Inc. compare | 5 |
| EGG Enigmatig Limited compare | 4 |
| DGNX Diginex Limited compare | 3 |
| FOFO Hang Feng Technology Innovation Co., Ltd. compare | 2 |
| EFTY Etoiles Capital Group Co., Ltd. compare | 2 |
| GRNQ Greenpro Capital Corp. compare | 2 |
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