Aeries Technology Inc. Class A Ordinary Share (AERT)

FairStock Score: 19/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that are understandable, durable, and bought at a sensible price. Aeries is understandable: it provides professional and technology consulting, mostly through people, with 1,692 employees. But scale is small: market cap was $40.7M at the 2026-10-13 close. The record is uneven. In fiscal 2025, the year ended 2025-03-31, revenue was $70.2M but net income was -$21.6M and diluted EPS -$0.46. In fiscal 2026, the year ended 2026-03-31, revenue was $70.0M and net income $2.8M, or $0.05 per diluted share, so it turned profitable, but far below fiscal 2024's $72.5M revenue and $17.3M net income. The latest filed quarter, fiscal Q1 2027 ended 2026-06-30, showed revenue of $21.9M, net income of $1.9M, and diluted EPS of $0.27, which is encouraging. Cash generation is the best feature: trailing free cash flow was $9.1M, a 22.3% FCF yield on the market cap per FairStock. FairStock also shows P/E 14.4, EV/EBITDA 5.87, ROCE 11.03%, and a perfect Piotroski F-Score of 9/9. Those suggest price is not demanding if the turnaround holds. The offset is Altman Z-Score 0.32, which signals high financial distress risk, and a FairStock Score of only 19/100. Revenue has been flat, the 52-week range is $0.26 to $7.96, and no dividend is paid. I see no obvious durable moat in consulting. This is a speculative turnaround, not a classic compounder. I would demand a wide margin of safety and evidence that the recent profit is recurring.

In plain English: Aeries Technology sells consulting and technology services to businesses. It recently swung back to a profit and produces cash, but sales have been roughly flat and its financial safety looks weak. At the 2026-10-13 close of $6.19, the price looks modest compared with recent earnings and cash flow, though the very low overall score means it is not clearly cheap or safe.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2027 10-Q (period ended 2026-06-30) · fiscal Q3 2026 10-Q (period ended 2025-12-31) · fiscal Q2 2026 10-Q (period ended 2025-09-30) · fiscal Q1 2026 10-Q (period ended 2025-06-30) · FY2026 10-K (period ended 2026-03-31) · FY2025 10-K (period ended 2025-03-31) · FY2024 10-K (period ended 2024-03-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer