Electrovaya Inc. designs and manufactures lithium-ion advanced battery systems in North America. The company shows strengths in liquidity with a high current ratio of 7.53 and manageable debt levels (Debt/Equity of 0.61), indicating financial stability. However, concerns arise from low profitability metrics, with a net margin of only 1.7% and ROE at 0.5%, suggesting challenges in generating returns. Despite a solid gross margin of 34.9%, the overall financial health score of 63/100 reflects room for improvement in operational efficiency and profitability.
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Debt of $41.1M is 3.1x the company's cash position of $13.1M.
Exceptional revenue growth of 30.4% YoY demonstrates strong market demand and competitive positioning.
Both gross margin (+3.0pp) and operating margin (+2.3pp) are expanding simultaneously, indicating the company is scaling profitably.
Operating margin increased by 2.3pp, reflecting better cost management.
Excellent liquidity with current ratio of 7.5x ensures operational stability.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.
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Based on 2026-Q3 (June 30, 2026)