Electrovaya (ELVA) Return on Equity [ROE] (2023 - 2026)
Electrovaya (ELVA) posted Return on Equity [ROE] of 8.40% for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 4.30 percentage points from 12.70% a year earlier and down 1.29 percentage points from the prior quarter.
Powered by 
Analysis
Electrovaya (ELVA) Return on Equity [ROE] (2023 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Electrovaya's Return on Equity [ROE] came in at 16.94%, up 35.82 percentage points from FY2024.
- In prior fiscal years, Electrovaya's Return on Equity [ROE] was -18.88% in FY2024 (+654.92 pp) and -673.80% in FY2023.
- The fiscal Q3 2026 figure stands as the lowest quarterly Return on Equity [ROE] since fiscal Q4 2024.
- On a year-over-year basis, Return on Equity [ROE] increased in three of the last four quarters, with an average year-over-year change of +23.65 percentage points.
- According to Business Quant data, Return on Equity [ROE] for the three prior fiscal quarters was 9.69% (Q2 2026), 11.13% (Q1 2026) and 18.41% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 67.58% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 19.39% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 17.29% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 27.24% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 9.34% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 24.29% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 18.16% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 11.73% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 1.36% |
| 10 | Electrovaya | 274.55 Mn | 212.05 Mn | 6.19 Mn | 8.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.40% |
| Mar 31, 2026 | 9.69% |
| Dec 31, 2025 | 11.13% |
| Sep 30, 2025 | 18.41% |
| Jun 30, 2025 | 12.70% |
| Sep 30, 2024 | 6.38% |
| Jun 30, 2024 | 6.37% |
| Sep 30, 2023 | -74.16% |
API Access
Electrovaya Return on Equity [ROE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=ELVA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "ticker": "ELVA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=ELVA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();