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.

6.25 0.35 −5.30%
Market cap
$34.6M
P/E
13.3×
Fwd P/E
—
Dividend yield
—
F-score
8/9
Altman Z
1.07
Beneish M
−2.55
Dividend safety
n/a

Insider Decisions trades per month

Total buys 0.00
Total sells 0.03
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 1 — — — — — — — — — — —
Sell 2 — — — — — — — — — — —
Insider Ownership 88.08%

Capital & Financial Ratios $m

Market Cap 34.61
Revenue 76.60
Net Income 4.01
Free Cash Flow 9.18
Net Debt (5.27)
Current Ratio 0.85 (below 1: weak)
Debt/Equity (0.30) (negative: negative equity)
P/E ratio 13.30
Fwd P/E —
P/S ratio 0.47
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth —
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 2 3 5 6
Receivables 24 11 13 12
Inventory — — — —
Other — — — —
33 21 24 25
2024 2025 2026 Q'26
Payables 7 8 9 9
ST’ Debt — — — —
Other 20 13 11 14
38 32 31 29

Compound Annual Growth %

10y 5y 3y
Sales — — 9.66%
Cash Flow — 0.00% 47.48%
Earnings — 0.00% 20.88%
Book Value — 0.00% 0.00%

Revenue $m

Jun Sep Dec Mar Year
’26 22 — — — —
’26 15 17 17 20 70
’25 17 17 18 19 70
’24 16 18 19 20 73
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 5 — — — —
’26 1 1 2 2 7
’25 (2) 2 (2) 1 (1)
’24 0 1 (1) (4) (4)
’23 — — — 0 2
’22 0 0 0 0 0
’21 0 0 (1) — (1)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 5 — — — —
’26 1 1 2 2 6
’25 (2) 1 (2) 1 (2)
’24 0 1 (2) (5) (6)
’23 — — — (1) 1
’22 0 0 0 0 0
’21 0 0 (1) — (1)
Fiscal quarters ending in the months shown.

EPS $

Jun Sep Dec Mar Year
’26 0.27 — — — —
’26 0.24 0.08 0.16 (0.08) 0.40
’25 (3.12) (0.40) 0.56 (1.04) (3.68)
’24 — — (8.64) (2.13) 7.28
’22 8.59 (0.48) 0.00 0.13 13.58
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low — — — — 77.60 77.60 12.00 4.69 3.68 2.08

Analyst estimates 2027–2029

Powerpack
High — — — — 78.48 81.60 91.20 24.96 12.14 7.96
People
People Employees — — — — 1 1 — 1,700 1,400 1,692
Revenue/emp, $m — — — — 0.00 0.00 0.00 0.04 0.05 0.04
Income, $m
Income, $m Revenue — — — — — — 53 73 70 70
Gross margin, % — — — — — — 25.72 29.85 23.82 24.71
EBT — — — — (3) 10 3 19 (23) 5
EBT margin, % — — — — 0.00 0.00 5.21 26.38 (32.29) 7.81
Net income 0 — — — (3) 10 2 17 (22) 3
Depreciation — — — — 0 — 1 1 1 1
Per share, $
Per share, $ Revenue — — — — 0.00 0.00 0.00 37.35 13.04 11.59
Earnings — — — — (4.12) 13.58 (0.53) 7.28 (3.68) 0.40
Cash flow — — — — (1.31) (0.62) 0.00 (2.21) (0.19) 1.12
Capex — — — — 0.00 0.00 0.00 (0.78) (0.24) (0.17)
Free cash flow — — — — (1.31) (0.62) 0.00 (2.99) (0.42) 0.95
Book value — — — — (30.95) (6.27) 0.00 (0.99) (1.13) (0.50)
Shares, m — — — — 1 1 — 2 5 6
Valuation, ×
Valuation, × P/E — — — — — — 13.86 3.79 0.00 6.25
P/S — — — — — — 0.00 0.54 0.36 0.22
P/B — — — — — — 4.42 0.00 0.00 0.00
EV/Sales — — — — — — 0.00 0.53 0.33 0.16
EV/FCF — — — — — — (198.18) (6.61) (10.25) 1.92
Cash, $m
Cash, $m Operating cash flow — — — — (1) 0 2 (4) (1) 7
Capex — — — — 0 — (2) (2) (1) (1)
Free cash flow — — — — (1) 0 1 (6) (2) 6
Balance, $m
Balance, $m Working capital — — — — 1 (4) 8 (5) (11) (7)
Total debt — — — — — — 1 1 1 1
Net debt — — — — (1) 0 0 (1) (2) (4)
Shareholders’ equity — — — — (20) (5) 13 (2) (6) (3)
Returns, %
Returns, % ROA — — — — (2.26) 4.17 1.07 37.37 (44.18) 6.25
ROIC — — — — 0.00 0.00 10.95 0.00 0.00 0.00
ROE — — — — 0.00 (80.31) 32.27 271.00 494.33 (56.16)
Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026 · fundamentals updated 28 Sep 2026

Charts ten years each

Aeries Technology, Inc. vs peers in Consulting Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
EGG Enigmatig Limited $131.9M — — — — — — — Compare
RGP Resources Connection, Inc. $94.4M — (loss-making) — (loss-making) −18.42% (below 0%: shrinking) n/m −140.54% (below 0%: shrinking) 37.38% (7.45%) Compare
EFTY Etoiles Capital Group Co., Ltd. $75.1M — — — — — — — Compare
ACCL Acco Group Holdings Limited $40.0M — — — — −149.84% (below 0%: shrinking) — — Compare
AERT Aeries Technology, Inc. $34.6M 13.3× — +42.97% (above 0%: growing) +29.17% (above 0%: growing) +309.55% (above 0%: growing) 29.10% 15.33%
RYOJ rYojbaba Co., Ltd. $34.1M — — — — — — — Compare
DGNX Diginex Limited $33.8M — — — — −114.00% (below 0%: shrinking) — — Compare
FOFO Hang Feng Technology Innovation Co., Ltd. $25.0M — — — — +31.30% (above 0%: growing) — — Compare
GRNQ Greenpro Capital Corp. $13.6M — (loss-making) — (loss-making) −29.24% (below 0%: shrinking) n/m +36.40% (above 0%: growing) 62.21% (243.02%) Compare
Median of peers $37.1M — — — — −114.00% — —

All 23 Consulting Services stocks →

Aeries Technology, Inc. (AERT) key facts

  • Aeries Technology, Inc. (AERT) is a Consulting Services company in the Industrials sector, listed on Nasdaq.
  • Aeries Technology, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $70.0 million, roughly unchanged from fiscal 2025.
  • As of October 16, 2026, AERT traded at $6.25, a market capitalization of $34.6 million.
  • Return on equity was −56.2% and debt-to-equity -0.30.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 1.07 (distress zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Sep 28, 2026.

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stockrow.com/AERT · Data as of Sep 28, 2026 · For information only; not investment advice. · © 2026 stockrow.com