Company Analysis

Aeries Technology, Inc. (AERT)

Nasdaq: AERT · Services-Management Consulting Services · George Town · filing with the SEC since 2021
Grade3.8
◀ Past 2.7● Present 4.1▶ Future 5.2

The grade of Aeries Technology, Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.8/10
◀ Past2.740% of the headline
● Present4.135% of the headline
▶ Future5.225% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

2.7/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
0.6/10

Has it survived what it has been through?

21 warning events since 2021; the latest 2026-04-03.

weight 33% of this tense · 6th percentile among 33 sector filers · read for itself

From the record

Aeries Technology, Inc.'s filings since 2021 show 21 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 6 times, the latest 2026-04-03); a warning not to rely on past financial statements (8-K item 4.02, 2 times, the latest 2023-12-13); an auditor change (8-K item 4.01, 2 times, the latest 2024-08-15); a late-report notice (Form NT 10-K or NT 10-Q, 11 times, the latest 2025-07-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.7/10

What has it actually done, year after year?

+9.7% a year over 4 filed years; profitable in 3 of 4.

weight 45% of this tense · 47th percentile among 31 sector filers · read for its customers

From the record

Aeries Technology, Inc.'s 4 filed years say what it did: revenue went from $53 million in fiscal 2023 to $70 million in fiscal 2026, up 9.7% a year; it rose in 1 of 3 years; the deepest fall was 3% from fiscal 2024 to fiscal 2026; net income was positive in 3 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span9.7%top 37% of its family
  • the share of years revenue rosebottom 16% of its family
  • the share of filed years with a profitbottom 40% of its family
  • the deepest fall from a revenue peak3.4%top 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
1.6/10

How has it treated the people who own it?

Share count grew 76.5% a year. 0% of cash flow returned. Insiders: 3 sales, 1 purchases.

weight 22% of this tense · 16th percentile among 26 sector filers · read for its shareholders

From the record

Over the 2 fiscal years to 2026-03-31, Aeries Technology, Inc.'s diluted share count grew about 76.5% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 3 sales (2 under scheduled 10b5-1 plans) and 1 purchase of their own stock on the open market in the year to 2026-09-30, buying about $1 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 11% of its family
  • cash returned against operating cash flowbottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.1/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
3.7/10

Is it financially healthy right now?

Leverage 107%: owes 107¢ per asset dollar.

weight 33% of this tense · 37th percentile among 31 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-03-31, Aeries Technology, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 41 cents per dollar of everything the company owns. Leverage: it owed about 107 cents per dollar of assets, and net share issuance: its share count grew 12.2% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 5% of its family
  • gross profit against assetstop 27% of its family
  • the share count against the year beforebottom 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.1/10

How strong is its position in its industry?

top 39% of 33 in its family; net margin 5%.

weight 45% of this tense · 61st percentile among 33 sector filers · read for its customers

From the record

Aeries Technology, Inc.'s standing among 33 graded names in its industry family: revenue of $70 million in fiscal 2026 ranks in the bottom 48% by size; a net margin of 5% ranks in the top 35%; revenue growth of 9.7% a year over the last 3 filed years ranks in the top 32% (its annual reports).

What it rests on

  • revenue against the family$70.0Mbottom 48% of its family
  • net margin5.0%top 35% of its family
  • three-year revenue growth9.7%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
0.7/10

What are the people in charge doing?

bottom 7% of 18 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 7th percentile among 18 sector filers · read for its shareholders

From the record

Aeries Technology, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Khare, Bhisham (Chief Executive Officer, as filed), filing under that title since 2025-02-26, 1.7 years (bottom 3% of its family); most of the 7 officers and directors filing now have filed since the record of its people begins (2023-11-08), a floor of 3 years the record cannot see past, so that part is not read; 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 7 people in charge now (bottom 12%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge8 in three years among 7 peoplebottom 12% of its family
  • the chief executive's years on the record1.7 yearsbottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.2/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.5/10

How much room does it have to grow?

bottom 45% of 32 in its family for room to expand.

weight 33% of this tense · 45th percentile among 32 sector filers · read for itself

From the record

Aeries Technology, Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $5 million against debt of $798 thousand leaves 9.7% of its assets as net cash, top 47% of its family; cash from operations less capital spending is 8.1% of revenue (top 36%); a gross margin of 24.7% (bottom 19%) (its annual report).

What it rests on

  • cash less debt against assets9.7%top 47% of its family
  • cash from operations less capital spending against revenue8.1%top 36% of its family
  • gross margin24.7%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.8/10

What could actually drive growth from here?

bottom 48% of 30 in its family for growth drivers.

weight 33% of this tense · 48th percentile among 30 sector filers · read for its customers

From the record

Aeries Technology, Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew 9.7% a year over the last three filed years against 9.7% over all 4, speeding up (top 32% of its family); the newest year grew -0.3% (bottom 48%); capital spending grew -11.4% a year (bottom 27%) (its annual reports). Aeries Technology, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 32% of its family
  • the newest year's revenue growth-0.3%bottom 48% of its family
  • three-year growth of capital spending-11.4%bottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.2/10

Did its newest year beat what its own record pointed to?

top 38% of 26 in its family for expectations against reality.

weight 33% of this tense · 62nd percentile among 26 sector filers · read for its shareholders

From the record

Aeries Technology, Inc.'s newest year against its own record: revenue of $70 million in fiscal 2026 came in 13.2% below the $81 million its prior three years' pace pointed to (bottom 21% of its family); net income of $3 million against a prior three-year average of $878 thousand (top 9%); a net margin of 5% against -1.3% before (top 25%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-13.2%bottom 21% of its family
  • net income against the prior three years' average+496%top 9% of its family
  • net margin against its prior average+6.2 pointstop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton AERT · research, not advice