Revenue Breakdown
Composition ()
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Revenue Streams
Electrovaya Inc (ELVA) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Sale of batteries and battery systems, accounting for 101.5% of total sales, equivalent to $20.82M. Other significant revenue streams include Research grant and Other. Understanding this composition is critical for investors evaluating how ELVA navigates market cycles within the Electrical Components & Equipment industry.
Profitability & Margins
Evaluating the bottom line, Electrovaya Inc maintains a gross margin of 28.62%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 11.55%, while the net margin is 9.99%. These profitability ratios, combined with a Return on Equity (ROE) of 16.94%, provide a clear picture of how effectively ELVA converts its operational activities into shareholder value.
Comparative Benchmarking
In the context of the broader market, ELVA competes directly with industry leaders such as ADSE and SES. With a market capitalization of $490.20M, it holds a significant position in the sector. When comparing efficiency, ELVA's gross margin of 28.62% stands against ADSE's -24.01% and SES's 51.08%. Such benchmarking helps identify whether Electrovaya Inc is trading at a premium or discount relative to its financial performance.
