Classic Electrodes (India)
Classic Electrodes (India) (CLASSICEIL) share price was ₹46.50 at the 28 Oct 2026 close; market capitalisation ₹83.54 Cr; sector Industrial Products. The share price fell 49.6% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Mar 2026 quarter, revenue was ₹121 Cr, against ₹100 Cr a year earlier and net profit was ₹6 Cr, against ₹5 Cr a year earlier (compared with Mar 2025). Promoters held 72.01% of Classic Electrodes (India) in Sep 2026, down 0.01 percentage points from Mar 2026. Its Tapetide Score is 58/100 (Good) as of 28 Oct 2026.
Key Fundamentals
SMEIndustrial ProductsCapital GoodsPrice-based figures as of 28 Oct 2026, 15:28 IST · TTM
Peer Comparison
Industrials › Industrial Products › Other Industrial Products
| ₹815.10 | 28.94 | 22,594 Cr | 10.20 | 0.38% | 36.79% | 46.59% | 3,399 Cr | 780 Cr | |
| ₹1,900.40 | 67.68 | 17,279 Cr | 15.43 | 0.10% | 23.08% | 30.77% | 1,667 Cr | 255 Cr | |
| ₹5,313.50 | 36.86 | 8,179 Cr | 19.05 | 1.42% | 48.14% | 60.82% | 1,615 Cr | 222 Cr | |
| ₹1,175.30 | 76.62 | 7,693 Cr | 8.33 | 0.00% | 13.32% | 18.02% | 747 Cr | 97 Cr | |
| ₹426.70 | 25.11 | 3,885 Cr | 2.77 | 0.36% | 11.07% | 14.21% | 1,752 Cr | 154 Cr | |
| ₹587.35 | 23.03 | 3,832 Cr | 3.08 | 0.49% | 13.31% | 16.75% | 3,949 Cr | 167 Cr | |
| ₹1,356.40 | 20.59 | 2,361 Cr | 4.14 | 0.55% | 14.79% | 20.26% | 1,285 Cr | 115 Cr | |
| Classic Electrodes (India) (this company) | ₹46.50 | — | 84 Cr | 0.88 | 0.00% | 13.28% | 21.34% | — | — |
| Median 8 companies | ₹995.20 | 28.94 | 5,789 Cr | 6.23 | 0.37% | 14.06% | 20.80% | 1,667 Cr | 167 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Data confidence 84/100
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
4- Company has reduced debt.
- Stock is trading at 0.83 times its book value
- Company has delivered good profit growth of 59.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.4%
Weaknesses
2- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 56.9 days to 84.9 days
Technical Indicators
Oscillators
Bearish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 10% · Mar 2026
Quarterly Results
| Particulars | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 100 | 106 | 100 | 122 | 121 |
| Expenses | 89 | 95 | 89 | 111 | 109 |
| Operating Profit | 11 | 10 | 11 | 11 | 12 |
| OPM % | 11% | 10% | 11% | 9% | 10% |
| Other Income | 2 | 0 | 0 | 1 | 0 |
| Interest | 3 | 2 | 3 | 2 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 2 |
| PBT | 9 | 8 | 7 | 8 | 9 |
| Tax % | 35% | 19% | 25% | 23% | 28% |
| Net Profit | 6 | 6 | 5 | 6 | 6 |
| EPS (₹) | 4.21 | 4.65 | 4.16 | 3.61 | 3.45 |
Profit & Loss
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Feb 2025 11m | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 83 | 90 | 134 | 151 | 194 | 188 | 206 | 243 |
| Expenses | 78 | 85 | 128 | 142 | 173 | 168 | 184 | 220 |
| Operating Profit | 6 | 5 | 6 | 8 | 21 | 19 | 22 | 23 |
| OPM % | 7% | 5% | 4.4% | 6% | 11% | 10% | 11% | 9% |
| Other Income | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 3 | 3 | 3 | 4 | 5 | 5 | 5 | 4 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 3 |
| PBT | 2 | 2 | 2 | 3 | 15 | 13 | 15 | 17 |
| Tax % | 25% | 25% | 27% | 25% | 34% | 26% | 22% | 26% |
| Net Profit | 2 | 1 | 1 | 2 | 10 | 10 | 12 | 13 |
| EPS (₹) | 1.34 | 0.93 | 1.1 | 1.58 | 7.24 | 7.25 | 8.81 | 7.04 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Feb 2025 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 13 | 13 | 18 |
| Reserves | 14 | 15 | 14 | 16 | 28 | 30 | 32 | 77 |
| Borrowings | 9 | 19 | 39 | 43 | 46 | 54 | 54 | 20 |
| Other Liabilities | 26 | 21 | 16 | 12 | 13 | 19 | 16 | 19 |
| Total Liabilities | 54 | 60 | 75 | 77 | 92 | 116 | 115 | 134 |
| Fixed Assets | 12 | 15 | 13 | 17 | 16 | 17 | 17 | 27 |
| CWIP | 0 | 0 | 4 | 0 | 0 | 0 | 0 | 4 |
| Investments | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 2 |
| Other Assets | 41 | 44 | 58 | 60 | 76 | 99 | 98 | 101 |
| Total Assets | 54 | 60 | 75 | 77 | 92 | 116 | 115 | 134 |
Cash Flow
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Feb 2025 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | 3 | -4 | 8 | 2 | 3 | 1 | 8 | 19 |
| Investing | -1 | -4 | -4 | -2 | -1 | -3 | -11 | -15 |
| Financing | -1 | 8 | -4 | 0 | -2 | 2 | 4 | -1 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Free Cash Flow | 1 | -8 | 3 | 0 | 2 | -2 | 4 | 2 |
| CFO/EBITDA | 53 | -72 | 139 | 25 | 18 | 16 | 52 | 81 |
Ratios
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Feb 2025 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 102 | 83 | 75 | 80 | 64 | 96 | 75 | 72 |
| Inventory Days | 54 | 85 | 67 | 58 | 75 | 91 | 86 | 69 |
| Days Payable | 34 | 13 | 33 | 16 | 12 | 33 | 19 | 18 |
| Cash Conversion Cycle | 122 | 155 | 109 | 122 | 127 | 154 | 142 | 122 |
| Working Capital Days | 37 | 77 | 14 | 15 | 35 | 50 | 50 | 85 |
| ROCE % | — | 12% | 10% | 10% | 29% | 22% | 22% | 19% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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56 extracted metrics + investor summaries across FY20–FY26.
Documents
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Company Information
Established in 1997, Classic Electrodes (India) Limited is a prominent Indian manufacturer specialising in welding consumables, including electrodes and MIG wires.[1]
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