Electrovaya (ELVA) Return on Equity [ROE] (2023 - 2026)
Electrovaya (ELVA) posted Return on Equity [ROE] of 9.83% for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 0.63 percentage points from 9.20% a year earlier but down 0.75 percentage points from the prior quarter.
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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.
- Quarterly Return on Equity [ROE] has run from a low of -81.65% in fiscal Q4 2023 to a high of 15.57% in fiscal Q4 2025 over five years.
- On a year-over-year basis, Return on Equity [ROE] has increased in each of the last five quarters, with an average year-over-year change of +24.80 percentage points over the last six quarters.
- According to Business Quant data, Return on Equity [ROE] for the three prior fiscal quarters was 10.58% (Q2 2026), 12.51% (Q1 2026) and 15.57% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 80.75% |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 29.02% |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 17.56% |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 23.55% |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 27.32% |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 10.25% |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 31.20% |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 19.25% |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 1.63% |
| 10 | Electrovaya | 185.70 Mn | 123.20 Mn | 6.19 Mn | 8.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.08% |
| Mar 31, 2026 | 9.52% |
| Dec 31, 2025 | 7.62% |
| Jun 30, 2025 | 12.20% |
| Mar 31, 2025 | 8.63% |
| Dec 31, 2024 | 6.96% |
| Sep 30, 2024 | -3.04% |
| Jun 30, 2024 | -28.12% |
| Sep 30, 2023 | -84.30% |
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();