Electrovaya Inc.

NasdaqCM:ELVA Stock Report

Market Cap: US$380.4m

Electrovaya Management

Management criteria checks 4/4

Electrovaya's CEO is Raj Gupta, appointed in May 2022, has a tenure of 3.75 years. total yearly compensation is $516.73K, comprised of 39.7% salary and 60.3% bonuses, including company stock and options. directly owns 1.55% of the company’s shares, worth $5.89M. The average tenure of the management team and the board of directors is 3.8 years and 7.9 years respectively.

Key information

Raj Gupta

Chief executive officer

US$516.7k

Total compensation

CEO salary percentage39.72%
CEO tenure3.8yrs
CEO ownership1.5%
Management average tenure3.8yrs
Board average tenure7.9yrs

Recent management updates

Recent updates

Electrovaya: Real Traction In Forklifts But The Story Is More Fragile Than It Looks

Dec 18

Electrovaya: Decent Growth Prospects But Too Many Red Flags

Jan 22

CEO Compensation Analysis

How has Raj Gupta's remuneration changed compared to Electrovaya's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

US$5m

Sep 30 2025n/an/a

US$3m

Jun 30 2025n/an/a

US$1m

Mar 31 2025n/an/a

-US$30k

Dec 31 2024n/an/a

-US$2m

Sep 30 2024US$517kUS$205k

-US$1m

Jun 30 2024n/an/a

US$592k

Mar 31 2024n/an/a

US$359k

Dec 31 2023n/an/a

US$894k

Sep 30 2023US$2mUS$208k

-US$1m

Jun 30 2023n/an/a

-US$7m

Mar 31 2023n/an/a

-US$8m

Dec 31 2022n/an/a

-US$10m

Sep 30 2022US$278kUS$157k

-US$9m

Jun 30 2022n/an/a

-US$8m

Mar 31 2022n/an/a

-US$8m

Dec 31 2021n/an/a

-US$8m

Sep 30 2021US$3mUS$159k

-US$8m

Jun 30 2021n/an/a

-US$6m

Mar 31 2021n/an/a

US$419k

Dec 31 2020n/an/a

US$1m

Sep 30 2020US$307kUS$126k

US$1m

Jun 30 2020n/an/a

-US$675k

Mar 31 2020n/an/a

-US$7m

Dec 31 2019n/an/a

-US$8m

Sep 30 2019US$527kUS$113k

-US$3m

Compensation vs Market: Raj's total compensation ($USD516.73K) is below average for companies of similar size in the US market ($USD2.27M).

Compensation vs Earnings: Raj's compensation has been consistent with company performance over the past year.

CEO

Raj Gupta

3.8yrs
Tenure
US$516,733
Compensation

Dr. Rajshekar Das Gupta, also known as Raj, Ph. D., serves as Chief Executive Officer and Director of Electrovaya Inc. from May 2022. He is Co-Founder of Electrovaya Inc. He Joined Electrovaya Inc. in 2009...

Leadership Team

NamePositionTenureCompensationOwnership
Sankar Gupta
Executive Chairman30.1yrsUS$313.99k23.72%
$ 90.2m
Rajshekar Gupta
CEO & Director3.8yrsUS$516.73k1.55%
$ 5.9m
James Jacobs
Co-Founder & Directorno dataUS$31.15k0.97%
$ 3.7m
Francis Gibson
CFO & Secretary3.7yrsUS$350.67k0.012%
$ 45.9k
Jason Roy
Vice President of Corporate Development & Investor Relationsno datano datano data
Jeremy Dang
Vice President of Business & Project Developmentno datano datano data
3.8yrs
Average Tenure

Experienced Management: ELVA's management team is considered experienced (3.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Sankar Gupta
Executive Chairman30.1yrsUS$313.99k23.72%
$ 90.2m
Rajshekar Gupta
CEO & Director3.8yrsUS$516.73k1.55%
$ 5.9m
James Jacobs
Co-Founder & Director7.9yrsUS$31.15k0.97%
$ 3.7m
Carolyn Hansson
Independent Director9yrsUS$31.15k0.10%
$ 385.9k
Kartick Kumar
Independent Director5.1yrsUS$31.15k0%
$ 0
7.9yrs
Average Tenure
76yo
Average Age

Experienced Board: ELVA's board of directors are considered experienced (7.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/15 16:28
End of Day Share Price 2026/02/13 00:00
Earnings2025/12/31
Annual Earnings2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Electrovaya Inc. is covered by 13 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullATB Cormark Historical (Cormark Securities)
Carter DriscollB. Riley Securities, Inc.
Michael WillemseCIBC Capital Markets