ELVA

Company Overview — What Does Electrovaya Inc. Do?

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 offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as competencies in building systems for third parties. 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. Electrovaya Inc. (ELVA) is classified as a small-cap stock in the Industrials sector, specifically within the Electrical Equipment industry. The company is led by CEO Rajshekar Das Gupta and employs approximately 97 people, headquartered in MISSISSAUGA, Ontario. With a market capitalization of $401M, ELVA is one of the notable companies in the Industrials sector.

Electrovaya Inc. (ELVA) Stock Rating — Hold (April 2026)

As of April 2026, Electrovaya Inc. receives a Hold rating with a composite score of 42.1/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.ELVA ranks #1,796 out of 4,446 stocks in our coverage universe. Within the Industrials sector, Electrovaya Inc. ranks #283 of 752 stocks, placing it in the upper half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

ELVA Stock Price and 52-Week Range

Electrovaya Inc. (ELVA) currently trades at $8.26. The stock gained $0.05 (0.6%) in the most recent trading session. The 52-week high for ELVA is $11.88, which means the stock is currently trading -30.5% from its annual peak. The 52-week low is $2.25, putting the stock 267.2% above its annual trough. Recent trading volume was 206K shares, suggesting relatively thin trading activity.

Is ELVA Overvalued or Undervalued? — Valuation Analysis

Electrovaya Inc. (ELVA) carries a value factor score of 54/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 91.78x, compared to the Industrials sector average of 28.33x — a premium of 224%. The price-to-book ratio stands at 41.55x, versus the sector average of 2.23x. The price-to-sales ratio is 1.53x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, ELVA trades at 29.43x EV/EBITDA, versus 5.70x for the sector.

Overall, ELVA's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

Electrovaya Inc. Profitability — ROE, Margins, and Quality Score

Electrovaya Inc. (ELVA) earns a quality factor score of 10/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 149.7%, compared to the Industrials sector average of 8.9%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 21.0% versus the sector average of 3.3%.

On a margin basis, Electrovaya Inc. reports gross margins of 32.3%, compared to 35.8% for the sector. The operating margin is 9.1% (sector: 6.2%). Net profit margin stands at 5.5%, versus 3.9% for the average Industrials stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

ELVA Debt, Balance Sheet, and Financial Health

Electrovaya Inc. has a debt-to-equity ratio of 0.0%, compared to the Industrials sector average of 70.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $0.

ELVA has a beta of 1.04, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for Electrovaya Inc. is 35/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Electrovaya Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Electrovaya Inc. reported revenue of $61M and earnings per share (EPS) of $0.09. Net income for the quarter was $3M. Gross margin was 32.3%. Operating income came in at $6M.

In FY 2025, Electrovaya Inc. reported revenue of $61M and earnings per share (EPS) of $0.09. Net income for the quarter was $3M. Gross margin was 32.3%. Revenue grew 45.2% year-over-year compared to FY 2024. Operating income came in at $6M.

In FY 2024, Electrovaya Inc. reported revenue of $42M and earnings per share (EPS) of $-0.04. Net income for the quarter was $-1M. Gross margin was 32.6%. Operating income came in at $729,000.

ELVA Dividend Yield and Income Analysis

Electrovaya Inc. (ELVA) does not currently pay a dividend. This is common among smaller companies in the Electrical Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.

ELVA Momentum and Technical Analysis Profile

Electrovaya Inc. (ELVA) has a momentum factor score of 80/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 18/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 56/100 reflects moderate short selling activity.

ELVA vs Competitors — Industrials Sector Ranking and Peer Comparison

Within the Industrials sector, Electrovaya Inc. (ELVA) ranks #283 out of 752 stocks based on the Blank Capital composite score. This places ELVA in the upper half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.

Comparing ELVA against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full ELVA vs S&P 500 (SPY) comparison to assess how Electrovaya Inc. stacks up against the broader market across all factor dimensions.

ELVA Next Earnings Date

No upcoming earnings date has been announced for Electrovaya Inc. (ELVA) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy ELVA? — Investment Thesis Summary

Electrovaya Inc. presents a balanced picture with arguments on both sides. The quality score of 10/100 flags below-average profitability. Price momentum is positive at 80/100, suggesting the trend favors buyers. High volatility (stability score 35/100) increases portfolio risk.

In summary, Electrovaya Inc. (ELVA) earns a Hold rating with a composite score of 42.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on ELVA stock.

Related Resources for ELVA Investors

Explore more research and tools: ELVA vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare ELVA head-to-head with peers: ELVA vs SOBO, ELVA vs TEN, ELVA vs GLDD.