Company Overview
Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It operates infinity battery systems comprising of low and high voltage systems. The company also operates solid state battery technology. In addition, it offers lithium-ion battery systems to power MHEV, including fork-lifts, as well as accessories, such as battery chargers to charge the batteries; lithium-ion batteries for robotic applications; lithium ion battery cell and modules for sales to OEM customers in the defense, construction, and other applications; high voltage battery systems for electric bus, truck, and defense applications; and industrial products for energy storage. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.
Why Investors Should Care
Revenue has grown at a 59.7% CAGR over the past five years.
Recent Developments
- Sep 2025 Revenue of $63.58M (+42.6% YoY); net profit $3.36M.
- Trailing 12 Months Year-on-year growth — revenue +3.4%, earnings -69.3%.
- 5-Year Trend Long-term compounding — revenue CAGR 59.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 59.66% |
| 1 Year: | 3.40% |
Compounded Profit Growth
| 5 Years: | - |
| 1 Year: | -69.30% |
Stock Price Performance
| 1 Year: | +43.00% |
| 6 Months: | -7.86% |
| 3 Months: | -30.92% |
| 1 Month: | -26.36% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- Death Cross4d ago
- RSI (14)46.78 · Neutral
P/E of 71.50 is above the sector median of 26.00 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 59.7% over 5 years.
CONS
- Trading at a high P/E of 71.5.
- Trading 41.7% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ELVA Electrovaya Inc. | 7.15 | 71.50 | $353.98M | 0.00% | 10.29% | 9.85% | 59.66% | - |
| 2 | SPCX Space Exploration Technologies Corp. R3KAIDEFENCE | 153.47 | -139.52 | $1.16T | 0.00% | -3.22% | -11.95% | 34.08% | -3.34% |
| 3 | CAT Caterpillar Inc. SPXR3K | 822.48 | 35.47 | $378.07B | 0.79% | 17.98% | 56.97% | 2.29% | 5.24% |
| 4 | GE GE Aerospace SPXR3KDEFENCE | 334.91 | 39.40 | $347.49B | 0.60% | 9.52% | 48.23% | -7.42% | -5.36% |
| 5 | RTX RTX Corporation SPXR3KDEFENCE | 198.81 | 35.06 | $267.95B | 1.51% | 8.28% | 12.27% | 2.61% | 2.62% |
| 6 | GEV GE Vernova Inc. SPXR3KAI | 971.31 | 27.86 | $258.69B | 0.22% | 6.30% | 82.58% | 8.68% | - |
| 7 | DE Deere & Company SPXR3K | 680.73 | 37.88 | $183.54B | 0.95% | 12.53% | 18.24% | 3.43% | 5.10% |
| 8 | UNP Union Pacific Corporation SPXR3K | 288.45 | 23.38 | $171.36B | 2.01% | 15.22% | 39.70% | 2.30% | 7.77% |
| 9 | BA The Boeing Company SPXR3KDEFENCE | 210.73 | 75.80 | $166.43B | 0.00% | -9.01% | - | 1.67% | -3.28% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 15.02M | 17.13M | 20.26M | 15.55M | 18.05M |
| Cost of Revenue | - | 10.35M | 11.86M | 14.14M | 10.44M | 12.01M |
| Gross Profit | - | 4.67M | 5.28M | 6.11M | 5.11M | 6.04M |
| Operating Expenses | - | 3.28M | 3.31M | 3.74M | 3.74M | 3.85M |
| Operating Income | - | 1.40M | 1.96M | 2.37M | 1.37M | 2.19M |
| EBITDA | - | 1.80M | 1.75M | 1.31M | 1.84M | 2.01M |
| Interest Expense | - | 642.00K | 452.00K | 825.00K | 483.00K | 545.00K |
| Pretax Income | - | 828.00K | 907.00K | -5.00K | 939.00K | 1.02M |
| Tax Provision | 0 | 0 | - | - | -99.00K | 0 |
| Net Income | - | 828.00K | 907.00K | 2.05M | 1.04M | 1.02M |
| Diluted EPS | -0.01 | 0.02 | 0.02 | - | 0.02 | 0.02 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Revenue | - | 15.62M | 43.37M | 44.59M | 63.58M |
| Cost of Revenue | - | 12.40M | 32.20M | 30.93M | 44.11M |
| Gross Profit | - | 3.22M | 11.16M | 13.66M | 19.47M |
| Operating Expenses | - | 10.49M | 9.96M | 12.93M | 13.93M |
| Operating Income | - | -7.27M | 1.20M | 729.00K | 5.54M |
| EBITDA | - | -6.42M | 1.25M | 2.92M | 5.44M |
| Interest Expense | - | 2.29M | 2.50M | 3.20M | 2.60M |
| Pretax Income | - | -9.21M | -2.16M | -1.49M | 1.31M |
| Tax Provision | - | 0 | -679.00K | 0 | -2.05M |
| Net Income | - | -9.21M | -1.48M | -1.49M | 3.36M |
| Diluted EPS | - | -0.31 | -0.04 | -0.04 | 0.08 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 22.19M | 36.51M | 39.48M | 63.93M |
| Current Assets | - | 14.79M | 25.91M | 29.42M | 41.96M |
| Cash & Equivalents | - | 626.00K | 1.03M | 781.00K | 6.36M |
| Inventory | - | 7.36M | 8.27M | 9.70M | 12.45M |
| Receivables | - | 2.86M | 9.15M | 10.51M | 13.71M |
| Total Liabilities | - | 28.90M | 29.37M | 30.90M | 32.80M |
| Current Liabilities | - | 22.66M | 26.61M | 28.53M | 10.08M |
| Long Term Debt | - | 3.46M | - | - | 20.74M |
| Total Debt | - | 23.11M | 19.03M | 20.77M | 22.56M |
| Total Equity | - | -6.71M | 7.15M | 8.59M | 31.13M |
| Shares Outstanding | - | 29.44M | 33.83M | 34.14M | 42.11M |
Cash Flows (Annual)
Figures in USD.
| Metric | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -8.82M | -5.24M | 1.04M | 1.72M |
| Investing Cash Flow | - | -212.00K | -903.00K | -666.00K | -12.04M |
| Financing Cash Flow | - | 7.89M | 6.55M | -629.00K | 15.90M |
| Capital Expenditure | - | -203.00K | -505.00K | -666.00K | -11.22M |
| Free Cash Flow | - | -9.03M | -5.74M | 372.00K | -9.50M |
| Net Change in Cash | - | -1.15M | 415.00K | -257.00K | 5.58M |
Ratios (Annual)
Figures in %.
| Metric | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Gross Margin % | - | 20.6% | 25.7% | 30.6% | 30.6% |
| Operating Margin % | - | -46.5% | 2.8% | 1.6% | 8.7% |
| Net Margin % | - | -59.0% | -3.4% | -3.3% | 5.3% |
| ROE % | - | 137.3% | -20.7% | -17.3% | 10.8% |
| ROCE % | - | 1,536.8% | 12.1% | 6.7% | 10.3% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | FMR, LLC | 10.21% | 5.06M | $33.43M |
| 2 | Picton Mahoney Asset Management | 1.55% | 766.35K | $5.07M |
| 3 | Thompson, Siegel & Walmsley LLC | 1.53% | 757.61K | $5.01M |
| 4 | Hood River Capital Management LLC | 1.48% | 730.32K | $4.83M |
| 5 | Herald Investment Management Ltd | 1.42% | 704.50K | $4.66M |
| 6 | Lazard Asset Management LLC | 1.16% | 576.35K | $3.81M |
| 7 | Wealthtrust Axiom, LLC | 1.01% | 499.61K | $3.30M |
| 8 | Polar Asset Management Partners Inc. | 0.87% | 432.32K | $2.86M |
| 9 | Caldwell Investment Management Ltd. | 0.80% | 398.00K | $2.63M |
| 10 | Conestoga Capital Advisors, LLC | 0.66% | 328.10K | $2.17M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ELVA
Electrovaya Inc. (ELVA) Stock Jumps 49.1%: Will It Continue to Soar? - finance.yahoo.com
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Avoiding Lag: Real-Time Signals in (ELVA) Movement - Stock Traders Daily
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Electrovaya: A Bad Case Of Overpromising And Underdelivering - Sell - Seeking Alpha
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About 10 Electrovaya employees test equipment for a planned New York factory - Stock Titan
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ELVA Stock Clocks Best Day In Over 13 Years As Amazon Deal Ignites Rally — Wall Street Eyes Further Jump - tradingview.com
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Electrovaya Inc. (TSX:ELVA) Is Flying Under the Radar — Could That Change This September? - kalkine.ca
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ELVA — Frequently Asked Questions
What is the current share price of Electrovaya Inc. (ELVA)?
As of 2026-09-19 21:16 PDT, Electrovaya Inc. (ELVA) trades at $7.15 on NasdaqCM. Its 52-week range is $4.23 to $12.26.
What is the market capitalisation of ELVA?
Electrovaya Inc. (ELVA) has a market capitalisation of $353.98M on NasdaqCM.
What is the P/E ratio of ELVA?
ELVA trades at a trailing price-to-earnings (P/E) ratio of 71.50. The industry average P/E is 26.00. Its price-to-book (P/B) ratio is 5.04.
What is the return on equity (ROE) of ELVA?
ELVA has a return on equity (ROE) of 9.85%. Its return on capital employed (ROCE) is 10.29%.
Is ELVA a good stock to buy?
This page provides a data-driven analysis of Electrovaya Inc. (ELVA), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.