Electrovaya Inc.
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… Read more
Electrovaya Inc. (ELVA) - Net Assets
Latest net assets as of September 2025: $31.13 Million USD
Based on the latest financial reports, Electrovaya Inc. (ELVA) has net assets worth $31.13 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($63.93 Million) and total liabilities ($32.80 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $31.13 Million |
| % of Total Assets | 48.69% |
| Annual Growth Rate | 6.07% |
| 5-Year Change | N/A |
| 10-Year Change | 291.53% |
| Growth Volatility | 168.68 |
Electrovaya Inc. - Net Assets Trend (1997–2025)
This chart illustrates how Electrovaya Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Electrovaya Inc. (1997–2025)
The table below shows the annual net assets of Electrovaya Inc. from 1997 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $31.13 Million | +262.57% |
| 2024-09-30 | $8.59 Million | +20.14% |
| 2023-09-30 | $7.15 Million | +206.55% |
| 2022-09-30 | $-6.71 Million | -295.46% |
| 2021-09-30 | $-1.70 Million | +80.54% |
| 2020-09-30 | $-8.71 Million | +38.91% |
| 2019-09-30 | $-14.27 Million | -3.69% |
| 2018-09-30 | $-13.76 Million | -1026.78% |
| 2017-09-30 | $-1.22 Million | -115.36% |
| 2016-09-30 | $7.95 Million | -36.59% |
| 2015-09-30 | $12.54 Million | +142.68% |
| 2014-09-30 | $5.17 Million | +10.31% |
| 2013-09-30 | $4.68 Million | -50.34% |
| 2012-09-30 | $9.43 Million | -21.92% |
| 2011-09-30 | $12.08 Million | +30.01% |
| 2010-09-30 | $9.29 Million | -8.18% |
| 2009-09-30 | $10.12 Million | -0.26% |
| 2008-09-30 | $10.14 Million | -31.77% |
| 2007-09-30 | $14.87 Million | -15.06% |
| 2006-09-30 | $17.50 Million | -28.20% |
| 2005-09-30 | $24.38 Million | -13.47% |
| 2004-09-30 | $28.17 Million | -12.96% |
| 2003-09-30 | $32.37 Million | -15.60% |
| 2002-09-30 | $38.35 Million | -20.91% |
| 2001-09-30 | $48.49 Million | +66.85% |
| 2000-09-30 | $29.06 Million | +736.02% |
| 1999-09-30 | $3.48 Million | -24.68% |
| 1998-09-30 | $4.62 Million | -22.85% |
| 1997-09-30 | $5.98 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Electrovaya Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 12466819200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $134.87 Million | 433.28% |
| Other Comprehensive Income | $5.91 Million | 18.98% |
| Other Components | $16.23 Million | 52.15% |
| Total Equity | $31.13 Million | 100.00% |
Electrovaya Inc. Competitors by Market Cap
The table below lists competitors of Electrovaya Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Key Ware Electronics Co Ltd
TWO:5498
|
$242.49 Million |
|
Middlefield Banc
NASDAQ:MBCN
|
$242.56 Million |
|
AG Mortgage Investment Trust Inc
NYSE:MITT
|
$242.66 Million |
|
Mader Group Limited
PINK:MADGF
|
$242.66 Million |
|
Ld Intelligent Technology Co Ltd
SHE:300883
|
$242.47 Million |
|
Software Service, Inc.
PINK:SFSVF
|
$242.44 Million |
|
CW Enerji SA
IS:CWENE
|
$242.41 Million |
|
V.S.T Tillers Tractors Limited
NSE:VSTTILLERS
|
$242.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Electrovaya Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,585,000 to 31,127,000, a change of 22,542,000 (262.6%).
- Net income of 3,363,000 contributed positively to equity growth.
- New share issuances of 11,582,000 increased equity.
- Other comprehensive income increased equity by 117,000.
- Other factors increased equity by 7,480,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.36 Million | +10.8% |
| Share Issuances | $11.58 Million | +37.21% |
| Other Comprehensive Income | $117.00K | +0.38% |
| Other Changes | $7.48 Million | +24.03% |
| Total Change | $- | 262.57% |
Book Value vs Market Value Analysis
This analysis compares Electrovaya Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 10.97x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 15.01x to 10.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-09-30 | $0.55 | $8.25 | x |
| 1998-09-30 | $0.65 | $8.25 | x |
| 1999-09-30 | $0.32 | $8.25 | x |
| 2000-09-30 | $2.67 | $8.25 | x |
| 2001-09-30 | $4.60 | $8.25 | x |
| 2002-09-30 | $2.76 | $8.25 | x |
| 2003-09-30 | $2.33 | $8.25 | x |
| 2004-09-30 | $2.03 | $8.25 | x |
| 2005-09-30 | $1.75 | $8.25 | x |
| 2006-09-30 | $1.26 | $8.25 | x |
| 2007-09-30 | $1.07 | $8.25 | x |
| 2008-09-30 | $0.73 | $8.25 | x |
| 2009-09-30 | $0.72 | $8.25 | x |
| 2010-09-30 | $0.66 | $8.25 | x |
| 2011-09-30 | $0.85 | $8.25 | x |
| 2012-09-30 | $0.66 | $8.25 | x |
| 2013-09-30 | $0.33 | $8.25 | x |
| 2014-09-30 | $0.36 | $8.25 | x |
| 2015-09-30 | $0.79 | $8.25 | x |
| 2016-09-30 | $0.47 | $8.25 | x |
| 2017-09-30 | $-0.07 | $8.25 | x |
| 2018-09-30 | $-0.70 | $8.25 | x |
| 2019-09-30 | $-0.67 | $8.25 | x |
| 2020-09-30 | $-0.36 | $8.25 | x |
| 2021-09-30 | $-0.06 | $8.25 | x |
| 2022-09-30 | $-0.23 | $8.25 | x |
| 2023-09-30 | $0.21 | $8.25 | x |
| 2024-09-30 | $0.25 | $8.25 | x |
| 2025-09-30 | $0.75 | $8.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Electrovaya Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.80%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.29%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 2.05x
- Recent ROE (10.80%) is above the historical average (-25.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -20.27% | -168445555.56% | 0.00x | 1.04x | $-1.81 Million |
| 1998 | -18.29% | -129857230.77% | 0.00x | 1.04x | $-1.31 Million |
| 1999 | -37.86% | -2760.91% | 0.01x | 1.06x | $-1.66 Million |
| 2000 | -5.22% | -996.51% | 0.00x | 1.06x | $-4.42 Million |
| 2001 | -14.78% | -704.86% | 0.02x | 1.02x | $-12.02 Million |
| 2002 | -26.05% | -335.71% | 0.08x | 1.03x | $-13.83 Million |
| 2003 | -30.51% | -228.45% | 0.13x | 1.05x | $-13.11 Million |
| 2004 | -30.04% | -132.89% | 0.21x | 1.05x | $-11.28 Million |
| 2005 | -25.93% | -96.67% | 0.25x | 1.07x | $-8.76 Million |
| 2006 | -45.37% | -236.48% | 0.18x | 1.09x | $-9.69 Million |
| 2007 | -31.21% | -198.02% | 0.14x | 1.12x | $-6.13 Million |
| 2008 | -38.99% | -155.64% | 0.20x | 1.25x | $-4.97 Million |
| 2009 | -5.70% | -15.26% | 0.28x | 1.32x | $-1.59 Million |
| 2010 | -25.31% | -46.79% | 0.42x | 1.29x | $-3.28 Million |
| 2011 | -16.52% | -19.44% | 0.50x | 1.69x | $-3.20 Million |
| 2012 | -41.09% | -39.29% | 0.47x | 2.25x | $-4.81 Million |
| 2013 | -97.44% | -160.49% | 0.18x | 3.30x | $-5.03 Million |
| 2014 | -66.73% | -46.54% | 0.60x | 2.39x | $-3.96 Million |
| 2015 | -25.47% | -19.27% | 0.61x | 2.18x | $-4.45 Million |
| 2016 | -110.61% | -45.00% | 0.63x | 3.88x | $-9.59 Million |
| 2017 | 0.00% | -930.73% | 0.06x | 0.00x | $-21.05 Million |
| 2018 | 0.00% | -402.22% | 0.36x | 0.00x | $-21.28 Million |
| 2019 | 0.00% | -64.13% | 2.12x | 0.00x | $-1.41 Million |
| 2020 | 0.00% | 8.14% | 1.28x | 0.00x | $1.98 Million |
| 2021 | 0.00% | -75.93% | 0.66x | 0.00x | $-7.36 Million |
| 2022 | 0.00% | -58.97% | 0.70x | 0.00x | $-8.54 Million |
| 2023 | -20.70% | -3.41% | 1.19x | 5.11x | $-2.19 Million |
| 2024 | -17.30% | -3.33% | 1.13x | 4.60x | $-2.34 Million |
| 2025 | 10.80% | 5.29% | 0.99x | 2.05x | $250.30K |
Industry Comparison
This section compares Electrovaya Inc.'s net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $315,233,876
- Average return on equity (ROE) among peers: -5.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Electrovaya Inc. (ELVA) | $31.13 Million | -20.27% | 1.05x | $242.48 Million |
| ABB Ltd (ABBNY) | $2.23 Billion | -31.00% | 13.51x | $85.22 Billion |
| Advent Technologies Holdings Inc (ADN) | $130.20 Million | -15.76% | 0.25x | $1.02 Million |
| Ads Tec Energy PLC (ADSE) | $-8.59 Million | 0.00% | 0.00x | $194.80 Million |
| Advanced Energy Industries Inc (AEIS) | $392.07 Million | 32.51% | 0.46x | $11.51 Billion |
| AFC Energy plc (AFGYF) | $30.27 Million | -57.55% | 0.21x | $91.15 Million |
| Alfen N.V (ALFNF) | $6.81 Million | 25.29% | 3.39x | $265.32 Million |
| Amprius Technologies Inc. (AMPX) | $13.86 Million | -71.41% | 0.34x | $1.30 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $118.20 Million | 3.47% | 0.76x | $17.88 Million |
| Astro Communications Inc (ASTO) | $7.59 Million | 3.65% | 0.08x | $18.93K |
| Atkore International Group Inc (ATKR) | $232.94 Million | 59.69% | 5.17x | $1.72 Billion |