AERT Chart
About

Aeries Technology, Inc. provides professional and technology consulting services in North America, the Asia Pacific, and internationally. The company offers professional advisory services, such as the participation of senior leadership, recommending strategies and practices related to operating model design, consultation on various areas, market availability, regulatory compliance, and optimization of tax structure; and operations management services, including application engineering, information technology, data analytics, cybersecurity, finance, human resources, customer service, and operations. It serves portfolio companies of private equity firms and middle-market companies. The company was founded in 2012 and is headquartered in Singapore.

Fundamentals
Scroll to Statements
Sector Industrials Industry Consulting Services Market Cap 17.76M
Enterprise Value 29.48M Income -2.92M Sales 69.20M
Book/sh -0.02 Cash/sh 0.05 Dividend Yield
Payout 0.00% Employees 1400 IPO
P/E Forward P/E PEG
P/S 0.26 P/B -14.74 P/C
EV/EBITDA 9.56 EV/Sales 0.43 Quick Ratio 0.49
Current Ratio 0.75 Debt/Eq LT Debt/Eq
EPS (ttm) -0.08 EPS next Y EPS Growth -67.80%
Revenue Growth -0.80% Earnings ROA 2.93%
ROE ROIC Gross Margin 24.91%
Oper. Margin 4.42% Profit Margin -4.22% Shs Outstand 50.21M
Shs Float 12.54M Short Float 0.34% Short Ratio 0.35
Short Interest 52W High 1.52 52W Low 0.26
Beta -0.28 Avg Volume 449.77K Volume 238.36K
Target Price Recom None Prev Close $0.41
Price $0.35 Change -13.75%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
Mean price target
2. Current target
$0.35
Latest analyst target
3. DCF / Fair value
$0.20
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.35
Low
High
Mean
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 50000 30050.0 Sale at price 0.60 per share. WEBB DANIEL S Chief Financial Officer 2025-11-24 00:00:00 D
1 50000 32400.0 Sale at price 0.65 per share. WEBB DANIEL S Chief Financial Officer 2025-10-01 00:00:00 D
2 851184 nan KHARE BHISHAM Chief Executive Officer 2025-09-22 00:00:00 D
3 14595 8760.0 Sale at price 0.60 per share. WEBB DANIEL S Chief Financial Officer 2025-09-10 00:00:00 D
4 125000 Stock Award(Grant) at price 0.00 per share. SHAPIRO NINA B Director 2025-09-09 00:00:00 D
5 125000 Stock Award(Grant) at price 0.00 per share. DASGUPTA BISWAJIT Director 2025-09-09 00:00:00 D
6 125000 Stock Award(Grant) at price 0.00 per share. KOCHHAR ALOK Director 2025-09-09 00:00:00 D
7 35405 22978.0 Sale at price 0.65 per share. WEBB DANIEL S Chief Financial Officer 2025-09-02 00:00:00 D
8 5151005 515.0 Conversion of Exercise of derivative security at price 0.00 per share. PANIKASSERY SUDHIR APPUKUTTAN Chief Executive Officer 2024-06-21 00:00:00 D
9 747815 Stock Award(Grant) at price 0.00 per share. WEBB DANIEL S Chief Investment Officer 2024-05-22 00:00:00 D
Financials
Line Item2025-03-312024-03-312023-03-312022-03-31
TaxEffectOfUnusualItems279.26K1.58M0.000.00
TaxRateForCalcs0.050.100.380.21
NormalizedEBITDA-26.44M4.77M4.12M7.59M
TotalUnusualItems5.90M16.17M
TotalUnusualItemsExcludingGoodwill5.90M16.17M
NetIncomeFromContinuingOperationNetMinorityInterest-19.71M15.66M1.45M4.03M
ReconciledDepreciation1.38M1.35M1.17M1.14M
ReconciledCostOfRevenue53.48M50.87M39.44M29.01M
EBITDA-20.53M20.94M4.12M7.59M
EBIT-21.92M19.59M2.95M6.45M
NetInterestIncome-425.00K-187.00K6.00K-160.00K
InterestExpense751.00K462.00K185.00K444.00K
InterestIncome326.00K275.00K191.00K284.00K
NormalizedIncome-25.34M1.07M1.45M4.03M
NetIncomeFromContinuingAndDiscontinuedOperation-19.71M15.66M1.45M4.03M
TotalExpenses98.97M69.52M50.77M34.43M
TotalOperatingIncomeAsReported-28.77M2.99M2.33M6.58M
DilutedAverageShares43.08M15.53M11.39M11.39M
BasicAverageShares43.08M15.53M11.39M11.39M
DilutedEPS-0.461.010.130.35
BasicEPS-0.461.010.130.35
DilutedNIAvailtoComStockholders-19.71M15.66M1.45M4.03M
NetIncomeCommonStockholders-19.71M15.66M1.45M4.03M
NetIncome-19.71M15.66M1.45M4.03M
MinorityInterests1.88M-1.60M-260.00K-703.00K
NetIncomeIncludingNoncontrollingInterests-21.59M17.26M1.71M4.74M
NetIncomeContinuousOperations-21.59M17.26M1.71M4.74M
TaxProvision-1.07M1.87M1.06M1.27M
PretaxIncome-22.67M19.13M2.77M6.00M
OtherIncomeExpense6.53M16.33M429.00K-421.00K
OtherNonOperatingIncomeExpenses624.00K160.00K429.00K-421.00K
GainOnSaleOfSecurity5.90M16.17M
NetNonOperatingInterestIncomeExpense-425.00K-187.00K6.00K-160.00K
InterestExpenseNonOperating751.00K462.00K185.00K444.00K
InterestIncomeNonOperating326.00K275.00K191.00K284.00K
OperatingIncome-28.77M2.99M2.33M6.58M
OperatingExpense45.49M18.65M11.33M5.42M
SellingGeneralAndAdministration45.49M18.65M11.33M5.42M
GrossProfit16.72M21.64M13.66M12.01M
CostOfRevenue53.48M50.87M39.44M29.01M
TotalRevenue70.20M72.51M53.10M41.01M
OperatingRevenue70.20M72.51M53.10M41.01M
Line Item2025-03-31
TreasurySharesNumber1.29M
OrdinarySharesNumber47.15M15.62M11.39M11.39M
ShareIssued48.44M15.62M11.39M11.39M
NetDebt4.84M6.13M1.21M786.00K
TotalDebt17.86M16.37M8.80M1.99M
TangibleBookValue-5.80M-12.24M12.19M7.56M
InvestedCapital1.80M-4.02M14.54M8.69M
WorkingCapital-11.09M-5.29M8.06M5.32M
NetTangibleAssets-5.80M-12.24M12.19M7.56M
CapitalLeaseObligations10.26M8.15M6.45M855.00K
CommonStockEquity-5.80M-12.24M12.19M7.56M
TotalCapitalization-4.71M-10.80M13.16M8.47M
TotalEquityGrossMinorityInterest-6.10M-1.18M13.47M8.70M
MinorityInterest-300.00K11.06M1.28M1.14M
StockholdersEquity-5.80M-12.24M12.19M7.56M
GainsLossesNotAffectingRetainedEarnings-908.00K-574.00K-1.35M-644.00K
OtherEquityAdjustments-908.00K-574.00K-1.35M-644.00K
TreasuryStock724.00K0.00
RetainedEarnings-31.38M-11.67M6.32M4.87M
AdditionalPaidInCapital27.20M0.007.22M3.33M
CapitalStock5.00K2.00K0.000.00
CommonStock5.00K2.00K0.000.00
PreferredStock0.000.000.00
TotalLiabilitiesNetMinorityInterest45.94M50.59M20.93M10.17M
TotalNonCurrentLiabilitiesNetMinorityInterest13.52M12.46M8.41M3.55M
OtherNonCurrentLiabilities9.00K9.00K9.00K88.00K
DerivativeProductLiabilities629.00K1.37M0.00
NonCurrentAccruedExpenses4.09M3.78M2.76M1.96M
NonCurrentDeferredLiabilities139.00K92.00K168.00K126.00K
NonCurrentDeferredTaxesLiabilities139.00K92.00K168.00K126.00K
LongTermDebtAndCapitalLeaseObligation8.65M7.22M5.46M1.38M
LongTermCapitalLeaseObligation7.56M5.78M4.50M467.00K
LongTermDebt1.10M1.44M969.00K917.00K
CurrentLiabilities32.42M38.12M12.52M6.61M
OtherCurrentLiabilities5.86M10.50M124.00K893.00K
CurrentDeferredLiabilities274.00K261.00K193.00K228.00K
CurrentDeferredRevenue274.00K261.00K193.00K228.00K
CurrentDebtAndCapitalLeaseObligation9.20M9.15M3.33M608.00K
CurrentCapitalLeaseObligation2.70M2.37M1.96M388.00K
CurrentDebt6.50M6.78M1.38M220.00K
OtherCurrentBorrowings6.50M6.78M1.38M220.00K
PensionandOtherPostRetirementBenefitPlansCurrent2.43M3.12M2.82M2.08M
PayablesAndAccruedExpenses14.65M15.09M8.87M2.80M
CurrentAccruedExpenses5.06M4.89M4.14M614.00K
Payables9.59M10.20M4.73M2.19M
TotalTaxPayable1.43M3.58M2.26M1.35M
AccountsPayable8.15M6.62M2.47M841.00K
TotalAssets39.83M49.41M34.40M18.86M
TotalNonCurrentAssets18.51M16.57M13.81M6.93M
OtherNonCurrentAssets1.44M2.13M2.26M1.50M
NonCurrentDeferredAssets4.06M1.93M1.24M1.07M
NonCurrentDeferredTaxesAssets4.06M1.93M1.24M1.07M
InvestmentsAndAdvances1.83M1.61M1.56M1.56M
InvestmentinFinancialAssets1.83M1.61M1.56M1.56M
HeldToMaturitySecurities1.83M1.61M1.56M1.56M
NetPPE11.17M10.90M8.75M2.80M
AccumulatedDepreciation-4.27M-4.18M-2.92M-1.89M
GrossPPE15.44M15.08M11.67M4.69M
Leases944.00K1.09M854.00K958.00K
OtherProperties9.60M7.32M5.63M
MachineryFurnitureEquipment4.89M6.66M5.19M3.73M
Properties0.000.000.000.00
CurrentAssets21.33M32.84M20.59M11.93M
OtherCurrentAssets1.75M786.00K193.00K298.00K
CurrentDeferredAssets0.001.92M0.00
PrepaidAssets5.83M6.21M3.92M3.15M
Receivables10.98M23.76M13.42M8.13M
AccountsReceivable10.98M23.76M13.42M8.13M
AllowanceForDoubtfulAccountsReceivable-3.57M-1.26M0.00
GrossAccountsReceivable14.56M25.02M13.42M
CashCashEquivalentsAndShortTermInvestments2.76M2.08M1.13M351.00K
CashAndCashEquivalents2.76M2.08M1.13M351.00K
Line Item2025-03-312024-03-312023-03-312022-03-31
FreeCashFlow-2.49M-5.82M511.00K1.51M
RepurchaseOfCapitalStock-724.00K
RepaymentOfDebt-2.52M-2.28M-619.00K-3.76M
IssuanceOfDebt1.51M3.43M1.55M699.00K
IssuanceOfCapitalStock4.68M8.67M0.00
CapitalExpenditure-1.48M-1.52M-1.60M-1.65M
InterestPaidSupplementalData910.00K465.00K273.00K472.00K
IncomeTaxPaidSupplementalData2.50M1.01M1.23M1.42M
EndCashPosition2.76M2.08M1.13M351.00K
BeginningCashPosition2.08M1.13M351.00K1.18M
EffectOfExchangeRateChanges115.00K-64.00K-26.00K-17.00K
ChangesInCash565.00K1.02M806.00K-810.00K
FinancingCashFlow2.43M7.06M252.00K-3.54M
CashFlowFromContinuingFinancingActivities2.43M7.06M252.00K-3.54M
NetOtherFinancingCharges-511.00K-2.75M-681.00K
NetCommonStockIssuance3.95M8.67M0.0032.00K
CommonStockPayments-724.00K
CommonStockIssuance4.68M8.67M0.00
NetIssuancePaymentsOfDebt-1.01M1.15M933.00K-3.57M
NetShortTermDebtIssuance-405.00K2.54M1.18M-505.00K
ShortTermDebtPayments-405.00K
ShortTermDebtIssuance2.54M1.18M
NetLongTermDebtIssuance-606.00K-1.40M-251.00K-3.06M
LongTermDebtPayments-2.11M-2.28M-619.00K-3.76M
LongTermDebtIssuance1.51M882.00K368.00K699.00K
InvestingCashFlow-858.00K-1.74M-1.56M-437.00K
CashFlowFromContinuingInvestingActivities-858.00K-1.74M-1.56M-437.00K
NetOtherInvestingChanges409.00K-231.00K31.00K171.00K
NetPPEPurchaseAndSale-1.27M-1.51M-1.59M-608.00K
SaleOfPPE217.00K11.00K12.00K1.05M
PurchaseOfPPE-1.48M-1.52M-1.60M-1.65M
OperatingCashFlow-1.01M-4.30M2.11M3.16M
CashFlowFromContinuingOperatingActivities-1.01M-4.30M2.11M3.16M
ChangeInWorkingCapital1.67M-8.52M-4.30M-2.86M
ChangeInOtherCurrentLiabilities3.14M5.33M8.01M-148.00K
ChangeInOtherCurrentAssets-3.56M-1.53M-6.91M99.00K
ChangeInPayablesAndAccruedExpense3.12M-245.00K1.92M1.31M
ChangeInAccruedExpense-581.00K323.00K898.00K661.00K
ChangeInPayable3.70M-568.00K1.02M653.00K
ChangeInAccountPayable3.70M-568.00K1.02M653.00K
ChangeInPrepaidAssets-1.28M-340.00K-1.20M295.00K
ChangeInReceivables261.00K-11.74M-6.12M-4.42M
ChangesInAccountReceivables261.00K-11.74M-6.12M-4.42M
OtherNonCashItems-386.00K-13.00K-61.00K
StockBasedCompensation12.75M1.63M3.81M0.00
ProvisionandWriteOffofAssets2.09M1.10M0.00
AssetImpairmentCharge11.17M0.0024.00K0.00
DeferredTax-2.11M-718.00K-161.00K-190.00K
DeferredIncomeTax-2.11M-718.00K-161.00K-190.00K
DepreciationAmortizationDepletion1.38M1.35M1.17M1.14M
DepreciationAndAmortization1.38M1.35M1.17M1.14M
OperatingGainsLosses-5.99M-16.38M-70.00K342.00K
GainLossOnInvestmentSecurities-6.12M-16.36M-130.00K-163.00K
NetForeignCurrencyExchangeGainLoss44.00K-26.00K6.00K
GainLossOnSaleOfPPE90.00K12.00K54.00K505.00K
NetIncomeFromContinuingOperations-21.59M17.26M1.71M4.74M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for AERT
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status