Electrovaya (TSX:ELVA) Construction In Progress: C$5.31 Mil (As of Mar. 2026)


TSX:ELVA Electrovaya Inc TSX:ELVA
65 GF Score
Price C$14.91
GF Value C$5.73
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Electrovaya Construction In Progress?

Electrovaya TSX:ELVA +2.12% 65 Construction In Progress is C$5.31 Mil as of Mar. 2026. GuruFocus rates TSX:ELVA with a GF Score™ of 65/100 and a GF Value™ of C$5.73 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Electrovaya's quarterly construction in progress increased from Sep. 2025 (C$2.84 Mil) to Dec. 2025 (C$5.66 Mil) but then declined from Dec. 2025 (C$5.66 Mil) to Mar. 2026 (C$5.31 Mil).

Electrovaya's annual construction in progress stayed the same from Sep. 2023 (C$0.00 Mil) to Sep. 2024 (C$0.00 Mil) but then increased from Sep. 2024 (C$0.00 Mil) to Sep. 2025 (C$2.84 Mil).

Electrovaya Construction In Progress Historical Data

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The historical data trend for Electrovaya's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Electrovaya Construction In Progress Chart

Electrovaya Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 2.84

Electrovaya Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.92 2.84 5.66 5.31
TSX:ELVA
65GF Score
Electrovaya Inc TSX:ELVA
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Electrovaya Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of C$5.31 Mil mean?
Electrovaya (TSX:ELVA) has a Construction In Progress of C$5.31 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Electrovaya and its competitors.
Is Electrovaya's Construction In Progress too high?
Electrovaya's current Construction In Progress is C$5.31 Mil. Overall, Electrovaya has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Electrovaya's Construction In Progress compare to VRT and BE?
Electrovaya's Construction In Progress of C$5.31 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Industrial Products company?
A good Construction In Progress depends on the Industrial Products industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Electrovaya and its competitors. Electrovaya's current Construction In Progress is C$5.31 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electrovaya stock overvalued right now?
Based on GuruFocus' analysis, Electrovaya (TSX:ELVA) is currently considered Significantly Overvalued. The stock's GF Value™ is C$5.73, compared to a current price of C$14.91 — trading 160.2% above its estimated fair value. The current Construction In Progress is C$5.31 Mil. Electrovaya's overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Electrovaya (TSX:ELVA), the current Construction In Progress is C$5.31 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Electrovaya (TSX:ELVA) Overvalued in 2026?

Based on GuruFocus' analysis, Electrovaya stock appears to be overvalued. The current stock price of C$14.91 is trading 160.2% above its estimated GF Value™ of C$5.73. GuruFocus considers Electrovaya to be Significantly Overvalued.

Key valuation signals for TSX:ELVA:

  • Construction In Progress: C$5.31 Mil
  • GF Value™: C$5.73 vs. price of C$14.91 (160.2% above fair value)
  • GF Score™: 65/100 with 7 warning signs

No single metric tells the full story. See the TSX:ELVA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Electrovaya Business Description

Other Exchanges ELVA:USA4EV0:Germany
Address 6688 Kitimat Road, Mississauga, ON, CAN, L5N 1P8
Electrovaya Inc is a technology-focused lithium-ion battery company engaged in designing, developing and manufacturing battery cells, modules and systems based on its proprietary Infinity Battery Technology, which provides high safety performance, long cycle life and durability. The Company supplies low-voltage and high-voltage battery systems for industrial and transportation markets, including material-handling equipment, robotic vehicles, electric buses and trucks, and energy-storage installations, and its products are suitable for mission-critical applications. it maintains an expanding intellectual-property portfolio, develops next-generation solid-state and hybrid solid-state battery technologies, and sells its products through OEM relationships, dealer networks and direct sales.
65GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$14.91
Price
C$5.73
GF Value