Electrovaya Inc. (ELVA) Financial Ratio Screen
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MSCI new-inclusion financial-ratio snapshot
ELVA financial screening at a glance
Calculation date: 2026-10-16. Financial period used: September 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.
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Business activity evidence
Activity assessment in progress
The supplied classification (Electrical Equipment & Parts) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.
Revenue segments: Not yet checked against an SEC annual filing.
Profile description reviewed: 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.
Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings
A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.
Published-ratio reproductions (not certifications)
The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style debt and cash reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| MSCI | 35.3% / 30% | 9.9% / 30% | 35.7% / 30% | N/A | RATIOS FAIL* |
| FTSE | 35.3% / 33% | 9.9% / 33% | 35.7% / 50% | N/A | RATIOS FAIL* |
Financial Highlights
Profitability
| Gross Margin | 33.0% | |
| Operating Margin | 4.4% | |
| Net Margin | 6.1% | |
| Return on Equity (ROE) | 9.8% | |
| Return on Assets (ROA) | 4.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | USD 2M |
| Free Cash Flow | USD -10M |
| Total Debt | USD 23M |
| Debt-to-Equity | 61.1 |
| Current Ratio | 7.5 |
| Total Assets | USD 64M |
Price & Trading
| Last Close | $5.79 |
| 50-Day MA | $7.02 |
| 200-Day MA | $8.65 |
| Avg Volume | 1.0M |
| Beta | 0.8 |
|
52-Week Range
$4.10
| |
Financial data provenance and verification
The displayed fields were imported from yfinance on 2026-10-12 for the financial period September 2025. This is a secondary data feed and can differ from amended or newly filed statements.
- Issuer website — use its investor-relations filings to verify the figures.
- SEC EDGAR filing search — primary filing source for US issuers.
- Field mapping, formulas and limitations.
Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.
About Electrovaya Inc. (ELVA)
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.
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Frequently Asked Questions
Is Electrovaya Inc. (ELVA) halal to invest in?
The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.
What is Electrovaya Inc.'s debt ratio?
Electrovaya Inc.'s debt ratio is 35.3% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.
What are Electrovaya Inc.'s key financial metrics?
Electrovaya Inc. has a market capitalization of USD 287M in its listing currency, trailing P/E ratio of 57.5, and revenue of USD 64M. The company maintains a gross margin of 33.0% and a net margin of 6.1%. Return on equity stands at 9.8%.
How often is the screening data updated?
Calculation date: 2026-10-16. Financial period: September 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.