Symbols / ELVA Stock $10.09 -0.20% Electrovaya Inc.

Industrials • Electrical Equipment & Parts • Canada • NCM
ELVA (Stock) Chart
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About

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.

Stock Fundamentals
Scroll to Statements
Market Cap 498.29M Enterprise Value 342.55M Income 3.36M Sales 63.83M Book/sh 0.74 Cash/sh 0.15
Dividend Yield — Payout 0.00% Employees — IPO — P/E 91.73 Forward P/E 27.72
PEG 0.81 P/S 7.81 P/B 13.65 P/C — EV/EBITDA 51.89 EV/Sales 5.37
Quick Ratio 2.27 Current Ratio 4.16 Debt/Eq 72.47 LT Debt/Eq — EPS (ttm) 0.11 EPS next Y 0.36
EPS Growth — Revenue Growth 77.50% Earnings 2026-05-14 ROA 6.70% ROE 16.94% ROIC —
Gross Margin 30.90% Oper. Margin 11.57% Profit Margin 5.27% Shs Outstand 49.38M Shs Float 29.39M Short Float —
Short Ratio 0.48 Short Interest — 52W High 11.88 52W Low 2.55 Beta 0.78 Avg Volume 467.25K
Volume 190.75K Target Price $9.80 Recom Strong_buy Prev Close $10.11 Price $10.09 Change -0.20%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$9.80
Mean price target
2. Current target
$10.09
Latest analyst target
3. DCF / Fair value
$-2.38
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$10.09
Low
$6.00
High
$12.00
Mean
$9.80

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-18 init Oppenheimer — → Outperform $14
2025-02-14 reit Roth MKM Buy → Buy $5
2025-02-14 reit HC Wainwright & Co. Buy → Buy $10
2025-01-23 init Raymond James — → Strong Buy $5
2024-12-13 main HC Wainwright & Co. Buy → Buy $10
2024-09-26 init Alliance Global Partners — → Buy $5
2024-08-14 main Craig-Hallum Buy → Buy $6
2024-08-14 reit HC Wainwright & Co. Buy → Buy $16
2024-06-14 reit HC Wainwright & Co. Buy → Buy $16
2024-05-15 main Craig-Hallum Buy → Buy $9
2024-05-15 reit HC Wainwright & Co. Buy → Buy $16
2024-05-15 main Roth MKM Buy → Buy $8
2024-03-26 main Roth MKM Buy → Buy $8
2024-03-06 init Roth MKM — → Buy $8
News
RSS: Latest ELVA news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-15 Hansson (Carolyn Mary) Director of Issuer — 8,000 $1.02 $8,152
2026-02-24 Dasgupta (Rajshekar) Senior Officer of Issuer — 5,000 $2.88 $14,415
2026-01-16 Das Gupta (Sankar) 10% Security Holder of Issuer — 1,420,000 $0.65 $918,740
2026-01-16 Dasgupta (Rajshekar) Senior Officer of Issuer — 75,000 $1.08 $80,850
2025-12-29 Das Gupta (Sankar) 10% Security Holder of Issuer — 25,000 — —
2025-12-29 Dasgupta (Rajshekar) Senior Officer of Issuer — 25,000 — —
2025-11-12 Gibson (Francis John) Senior Officer of Issuer — 1,000 $5.11 $5,112
2025-11-07 Dasgupta (Rajshekar) Senior Officer of Issuer — 38,885 $3.77 $146,713
2025-11-06 Dasgupta (Rajshekar) Senior Officer of Issuer — 2,700 $5.23 $14,115
2025-11-06 Gibson (Francis John) Senior Officer of Issuer — 500 $5.31 $2,653
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Revenue
63.58
+42.58%
44.59
+2.82%
43.37
+177.63%
15.62
Operating Revenue
63.58
+44.65%
43.95
+3.70%
42.38
+176.44%
15.33
Cost Of Revenue
44.11
+42.62%
30.93
-3.97%
32.20
+159.79%
12.40
Reconciled Cost Of Revenue
44.18
+42.85%
30.93
-3.97%
32.20
+159.79%
12.40
Gross Profit
19.47
+42.50%
13.66
+22.40%
11.16
+246.25%
3.22
Operating Expense
13.93
+7.70%
12.93
+29.86%
9.96
-5.08%
10.49
Research And Development
4.38
+44.14%
3.04
-10.17%
3.38
-1.51%
3.43
Selling General And Administration
8.36
-7.38%
9.03
+33.74%
6.75
-8.97%
7.42
Selling And Marketing Expense
2.93
-0.24%
2.94
+54.72%
1.90
+65.39%
1.15
General And Administrative Expense
5.43
-10.81%
6.09
+25.55%
4.85
-22.57%
6.27
Salaries And Wages
1.76
-18.52%
2.15
+84.66%
1.17
-63.79%
3.22
Other Gand A
3.68
-6.60%
3.94
+6.83%
3.69
+21.04%
3.05
Other Operating Expenses
-0.34
+0.88%
-0.34
+68.33%
-1.08
-25.58%
-0.86
Total Expenses
58.04
+32.32%
43.86
+4.02%
42.16
+84.21%
22.89
Operating Income
5.54
+659.95%
0.73
-39.40%
1.20
+116.55%
-7.27
Total Operating Income As Reported
5.54
+659.95%
0.73
-39.40%
1.20
+116.55%
-7.27
EBITDA
5.44
+86.08%
2.92
+134.29%
1.25
+119.45%
-6.42
Normalized EBITDA
6.92
+380.95%
1.44
-18.94%
1.77
+123.63%
-7.51
Reconciled Depreciation
1.45
+20.26%
1.21
+33.30%
0.91
+80.32%
0.50
EBIT
3.91
+128.22%
1.72
+402.93%
0.34
+104.93%
-6.92
Total Unusual Items
-1.48
-199.26%
1.49
+382.51%
-0.53
-148.21%
1.09
Total Unusual Items Excluding Goodwill
-1.48
-199.26%
1.49
+382.51%
-0.53
-148.21%
1.09
Net Income
3.36
+326.46%
-1.49
-0.41%
-1.48
+83.94%
-9.21
Pretax Income
1.31
+188.22%
-1.49
+31.19%
-2.16
+76.57%
-9.21
Net Non Operating Interest Income Expense
-2.75
+25.54%
-3.70
-30.51%
-2.83
+6.53%
-3.03
Interest Expense Non Operating
2.60
-18.63%
3.20
+28.05%
2.50
+9.08%
2.29
Net Interest Income
-2.75
+25.54%
-3.70
-30.51%
-2.83
+6.53%
-3.03
Interest Expense
2.60
-18.63%
3.20
+28.05%
2.50
+9.08%
2.29
Other Income Expense
-1.48
-199.26%
1.49
+382.51%
-0.53
-148.21%
1.09
Gain On Sale Of Security
-1.48
-199.26%
1.49
+382.51%
-0.53
-148.21%
1.09
Tax Provision
-2.05
0.00
+100.00%
-0.68
0.00
Tax Rate For Calcs
0.00
0.00
-100.00%
0.00
0.00
Tax Effect Of Unusual Items
-0.22
0.00
+100.00%
-0.17
0.00
Net Income Including Noncontrolling Interests
3.36
+326.46%
-1.49
-0.41%
-1.48
+83.94%
-9.21
Net Income From Continuing Operation Net Minority Interest
3.36
+326.46%
-1.49
-0.41%
-1.48
+83.94%
-9.21
Net Income From Continuing And Discontinued Operation
3.36
+326.46%
-1.49
-0.41%
-1.48
+83.94%
-9.21
Net Income Continuous Operations
3.36
+326.46%
-1.49
-0.41%
-1.48
+83.94%
-9.21
Normalized Income
4.62
+255.39%
-2.97
-165.62%
-1.12
+89.14%
-10.30
Net Income Common Stockholders
3.36
+326.46%
-1.49
-0.41%
-1.48
+83.94%
-9.21
Diluted EPS
0.08
+300.00%
-0.04
+8.50%
-0.04
+85.90%
-0.31
Basic EPS
0.09
+325.00%
-0.04
+8.50%
-0.04
+85.90%
-0.31
Basic Average Shares
39.08
+14.89%
34.01
+0.53%
33.83
+15.29%
29.34
Diluted NI Availto Com Stockholders
3.36
+326.46%
-1.49
-0.41%
-1.48
+83.94%
-9.21
Amortization
—
—
—
0.40
Amortization Of Intangibles Income Statement
—
—
—
0.40
Depreciation Amortization Depletion Income Statement
1.53
+26.30%
1.21
+33.30%
0.91
+80.32%
0.50
Depreciation And Amortization In Income Statement
1.53
+26.30%
1.21
+33.30%
0.91
+80.32%
0.50
Depreciation Income Statement
—
—
0.91
+80.32%
0.50
Total Other Finance Cost
0.15
-69.80%
0.50
+48.81%
0.34
-54.72%
0.74
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Assets
63.93
+61.92%
39.48
+8.13%
36.51
+64.56%
22.19
Current Assets
41.96
+42.62%
29.42
+13.56%
25.91
+75.18%
14.79
Cash Cash Equivalents And Short Term Investments
6.36
+714.08%
0.78
-24.32%
1.03
+64.86%
0.63
Cash And Cash Equivalents
6.36
+714.08%
0.78
-24.32%
1.03
+64.86%
0.63
Receivables
16.47
+45.89%
11.29
+6.42%
10.61
+264.26%
2.91
Accounts Receivable
13.71
+30.45%
10.51
+14.93%
9.15
+219.60%
2.86
Gross Accounts Receivable
13.80
+30.43%
10.58
+12.47%
9.40
+222.50%
2.92
Allowance For Doubtful Accounts Receivable
-0.08
-28.13%
-0.06
+75.10%
-0.26
-375.93%
-0.05
Other Receivables
2.76
+254.30%
0.78
-46.79%
1.46
+2770.59%
0.05
Inventory
12.45
+28.39%
9.70
+17.32%
8.27
+12.39%
7.36
Raw Materials
11.35
+34.57%
8.43
+28.69%
6.55
+56.62%
4.18
Work In Process
0.00
-100.00%
0.32
+96.36%
0.17
-78.15%
0.76
Finished Goods
1.10
+17.22%
0.94
-39.21%
1.55
-35.93%
2.42
Prepaid Assets
6.02
-21.32%
7.65
+27.51%
6.00
+54.01%
3.89
Restricted Cash
0.66
0.00
—
—
Total Non Current Assets
21.98
+118.35%
10.06
-5.13%
10.61
+43.33%
7.40
Net PPE
13.04
+30.77%
9.97
-1.72%
10.15
+38.78%
7.31
Gross PPE
17.84
+28.93%
13.83
+8.43%
12.76
+41.43%
9.02
Accumulated Depreciation
-4.79
-24.17%
-3.86
-47.95%
-2.61
-52.75%
-1.71
Properties
0.00
0.00
0.00
0.00
Land And Improvements
0.21
+0.00%
0.21
-97.21%
7.70
+50.83%
5.11
Buildings And Improvements
7.49
+0.00%
7.49
+134.13%
3.20
+23.82%
2.58
Machinery Furniture Equipment
0.12
+14.29%
0.10
+43.84%
0.07
+30.36%
0.06
Construction In Progress
2.05
0.00
—
—
Other Properties
7.64
+28.31%
5.95
+247.72%
1.71
+38.06%
1.24
Leases
0.33
+332.89%
0.08
+0.00%
0.08
+94.87%
0.04
Non Current Deferred Assets
2.07
0.00
—
—
Non Current Deferred Taxes Assets
2.07
0.00
—
—
Non Current Prepaid Assets
6.87
+7527.78%
0.09
-80.39%
0.46
+421.59%
0.09
Total Liabilities Net Minority Interest
32.80
+6.17%
30.90
+5.21%
29.37
+1.63%
28.90
Current Liabilities
10.08
-64.68%
28.53
+7.22%
26.61
+17.43%
22.66
Payables And Accrued Expenses
9.58
+1.09%
9.47
+12.39%
8.43
+60.71%
5.25
Payables
7.53
-2.73%
7.74
+7.04%
7.23
+53.87%
4.70
Accounts Payable
6.75
-4.02%
7.04
+16.56%
6.04
+92.69%
3.13
Other Payable
0.78
+10.23%
0.70
-41.09%
1.20
+15.35%
1.04
Current Accrued Expenses
2.05
+18.13%
1.73
+44.70%
1.20
+119.63%
0.55
Current Debt And Capital Lease Obligation
0.36
-98.11%
18.90
+13.24%
16.69
-4.16%
17.42
Current Debt
—
18.43
+13.05%
16.30
-5.50%
17.25
Other Current Borrowings
—
1.63
-52.85%
3.46
+175.46%
1.25
Current Capital Lease Obligation
0.36
-23.99%
0.47
+21.08%
0.39
+137.20%
0.16
Current Deferred Liabilities
—
—
—
0.07
Current Deferred Revenue
—
—
—
0.07
Other Current Liabilities
0.14
-7.10%
0.15
-89.59%
1.49
—
Total Non Current Liabilities Net Minority Interest
22.73
+860.52%
2.37
-14.18%
2.76
-55.77%
6.23
Long Term Debt And Capital Lease Obligation
22.20
+1086.58%
1.87
-19.97%
2.34
-58.92%
5.69
Long Term Debt
20.74
—
—
3.46
Long Term Capital Lease Obligation
1.46
-22.13%
1.87
-19.97%
2.34
+4.61%
2.23
Tradeand Other Payables Non Current
0.53
+6.06%
0.49
+18.14%
0.42
-22.69%
0.54
Stockholders Equity
31.13
+262.57%
8.59
+20.14%
7.15
+206.55%
-6.71
Common Stock Equity
31.13
+262.57%
8.59
+20.14%
7.15
+206.55%
-6.71
Capital Stock
134.87
+15.86%
116.41
+1.19%
115.04
+11.36%
103.31
Common Stock
134.87
+15.86%
116.41
+1.19%
115.04
+11.36%
103.31
Share Issued
42.11
+23.35%
34.14
+0.90%
33.83
+14.93%
29.44
Ordinary Shares Number
42.11
+23.35%
34.14
+0.90%
33.83
+14.93%
29.44
Additional Paid In Capital
11.51
+5.54%
10.90
+17.89%
9.25
+14.20%
8.10
Retained Earnings
-125.88
+2.60%
-129.24
-1.16%
-127.76
+0.94%
-128.97
Gains Losses Not Affecting Retained Earnings
5.91
+2.02%
5.79
-1.66%
5.89
-3.99%
6.13
Other Equity Adjustments
5.91
+2.02%
5.79
-1.66%
5.89
-3.99%
6.13
Total Equity Gross Minority Interest
31.13
+262.57%
8.59
+20.14%
7.15
+206.55%
-6.71
Total Capitalization
51.87
+504.21%
8.59
+20.14%
7.15
+319.88%
-3.25
Working Capital
31.88
+3493.91%
0.89
+225.82%
-0.70
+91.05%
-7.87
Invested Capital
51.87
+91.99%
27.02
+15.21%
23.45
+67.46%
14.00
Total Debt
22.56
+8.59%
20.77
+9.16%
19.03
-17.65%
23.11
Net Debt
14.39
-18.50%
17.65
+15.58%
15.27
-23.96%
20.08
Capital Lease Obligations
1.81
-22.50%
2.34
-14.12%
2.73
+13.67%
2.40
Net Tangible Assets
31.13
+262.57%
8.59
+20.14%
7.15
+206.55%
-6.71
Tangible Book Value
31.13
+262.57%
8.59
+20.14%
7.15
+206.55%
-6.71
Current Notes Payable
0.00
-100.00%
0.52
-49.42%
1.03
-76.48%
4.36
Duefrom Related Parties Current
—
—
—
0.37
Dueto Related Parties Current
—
—
0.00
-100.00%
0.53
Line Of Credit
0.00
-100.00%
16.28
+37.75%
11.82
+1.60%
11.63
Other Equity Interest
4.72
+0.00%
4.72
+0.00%
4.72
+0.00%
4.72
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Operating Cash Flow
1.72
+65.41%
1.04
+119.83%
-5.24
+40.68%
-8.82
Cash Flow From Continuing Operating Activities
1.72
+65.41%
1.04
+119.83%
-5.24
+40.68%
-8.82
Net Income From Continuing Operations
3.36
+326.46%
-1.49
-0.41%
-1.48
+83.94%
-9.21
Depreciation Amortization Depletion
1.45
+20.26%
1.21
+33.30%
0.91
+80.32%
0.50
Depreciation
—
1.21
+33.30%
0.91
+80.32%
0.50
Depreciation And Amortization
1.45
+20.26%
1.21
+33.30%
0.91
+80.32%
0.50
Other Non Cash Items
2.75
-25.54%
3.70
+24.62%
2.97
-2.11%
3.03
Stock Based Compensation
1.76
-18.52%
2.15
+84.66%
1.17
-63.79%
3.22
Asset Impairment Charge
0.00
-100.00%
0.05
0.00
—
Deferred Tax
-2.05
0.00
+100.00%
-0.68
—
Deferred Income Tax
-2.05
0.00
+100.00%
-0.68
—
Operating Gains Losses
1.56
+166.92%
-2.34
-233800.00%
0.00
—
Gain Loss On Investment Securities
0.92
+168.59%
-1.33
—
—
Net Foreign Currency Exchange Gain Loss
0.58
+959.70%
-0.07
-6800.00%
0.00
—
Change In Working Capital
-7.12
-215.83%
-2.25
+72.23%
-8.12
-27.43%
-6.37
Change In Receivables
-5.18
-607.92%
-0.73
+90.67%
-7.84
-382.47%
-1.63
Change In Inventory
-3.04
-114.60%
-1.42
-95.86%
-0.72
+74.03%
-2.79
Change In Prepaid Assets
1.03
+161.13%
-1.69
+19.50%
-2.10
-1.35%
-2.08
Change In Payables And Accrued Expense
0.07
-95.72%
1.59
-37.75%
2.55
+2099.14%
0.12
Change In Payable
0.07
-95.72%
1.59
-37.75%
2.55
+2099.14%
0.12
Change In Account Payable
—
—
3.05
+7002.33%
0.04
Change In Other Working Capital
—
—
—
-0.93
Investing Cash Flow
-12.04
-1708.11%
-0.67
+26.25%
-0.90
-325.94%
-0.21
Cash Flow From Continuing Investing Activities
-12.04
-1708.11%
-0.67
+26.25%
-0.90
-325.94%
-0.21
Net PPE Purchase And Sale
-11.22
-1584.53%
-0.67
-31.88%
-0.51
-148.77%
-0.20
Purchase Of PPE
-11.22
-1584.53%
-0.67
-31.88%
-0.51
-148.77%
-0.20
Capital Expenditure
-11.22
-1584.53%
-0.67
-31.88%
-0.51
-148.77%
-0.20
Net Investment Purchase And Sale
—
-0.54
-35.93%
-0.40
-4322.22%
-0.01
Net Other Investing Changes
-0.82
—
—
-0.37
Financing Cash Flow
15.90
+2628.14%
-0.63
-109.60%
6.55
-16.90%
7.89
Cash Flow From Continuing Financing Activities
15.90
+2628.14%
-0.63
-109.60%
6.55
-16.90%
7.89
Net Issuance Payments Of Debt
3.35
+83.48%
1.83
+137.62%
-4.86
-152.86%
9.19
Issuance Of Debt
84.13
+61.02%
52.25
+46.24%
35.73
+66.00%
21.52
Repayment Of Debt
-80.78
-60.21%
-50.42
-24.23%
-40.59
-229.19%
-12.33
Long Term Debt Issuance
4.37
0.00
—
—
Long Term Debt Payments
-0.73
+0.41%
-0.73
-3.96%
-0.71
+4.97%
-0.74
Net Long Term Debt Issuance
3.64
+595.37%
-0.73
-3.96%
-0.71
+4.97%
-0.74
Short Term Debt Issuance
79.76
+52.65%
52.25
+46.24%
35.73
+66.00%
21.52
Short Term Debt Payments
-80.04
-61.11%
-49.68
-24.59%
-39.88
-244.23%
-11.59
Net Short Term Debt Issuance
-0.29
-111.20%
2.56
+161.73%
-4.15
-141.78%
9.94
Net Common Stock Issuance
11.58
0.00
-100.00%
7.17
+818.85%
0.78
Cash Dividends Paid
0.00
0.00
0.00
0.00
Proceeds From Stock Option Exercised
4.80
+3561.07%
0.13
-97.92%
6.28
+23174.07%
0.03
Net Other Financing Charges
-1.71
-3005.45%
-0.06
-96.43%
-0.03
-64.71%
-0.02
Changes In Cash
5.58
+2270.04%
-0.26
-161.93%
0.41
+136.06%
-1.15
Effect Of Exchange Rate Changes
0.00
-100.00%
0.01
+166.67%
-0.01
+99.63%
-2.42
Beginning Cash Position
0.78
-24.32%
1.03
+64.86%
0.63
-85.10%
4.20
End Cash Position
6.36
+714.08%
0.78
-24.32%
1.03
+64.86%
0.63
Free Cash Flow
-9.50
-2654.30%
0.37
+106.48%
-5.74
+36.42%
-9.03
Interest Paid Supplemental Data
2.12
-4.97%
2.23
+24.54%
1.79
-22.31%
2.31
Income Tax Paid Supplemental Data
0.00
0.00
0.00
0.00
Common Stock Issuance
11.58
0.00
-100.00%
7.17
+818.85%
0.78
Interest Paid CFF
-2.12
+16.23%
-2.53
-25.96%
-2.01
+4.87%
-2.11
Issuance Of Capital Stock
11.58
0.00
-100.00%
7.17
+818.85%
0.78
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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