Classic Electrodes (India) Ltd
Established in 1997, Classic Electrodes (India) Limited is a prominent Indian manufacturer specialising in welding consumables, including electrodes and MIG wires.[1]
- Market Cap ₹ 179 Cr.
- Current Price ₹ 99.8
- High / Low ₹ 109 / 80.5
- Stock P/E 15.4
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 22.3 %
- ROE 29.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 45.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.4%
Cons
- Promoter holding has decreased over last quarter: -26.0%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Other Industrial Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Feb 2025 11m | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 83 | 90 | 134 | 151 | 194 | 188 | 206 | |
| 78 | 85 | 128 | 142 | 171 | 168 | 184 | |
| Operating Profit | 6 | 5 | 6 | 8 | 23 | 19 | 22 |
| OPM % | 7% | 5% | 4% | 6% | 12% | 10% | 11% |
| 0 | 1 | 0 | 0 | 1 | 0 | 0 | |
| Interest | 3 | 3 | 3 | 4 | 5 | 5 | 5 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| Profit before tax | 2 | 2 | 2 | 3 | 16 | 13 | 15 |
| Tax % | 25% | 25% | 27% | 25% | 25% | 26% | 22% |
| 2 | 1 | 1 | 2 | 12 | 10 | 12 | |
| EPS in Rs | 3.35 | 2.33 | 2.75 | 3.94 | 23.27 | 7.25 | 8.81 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 15% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 107% |
| TTM: | -4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 29% |
| Last Year: | 29% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Feb 2025 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 13 | 13 |
| Reserves | 14 | 15 | 14 | 16 | 29 | 30 | 32 |
| 9 | 19 | 39 | 43 | 46 | 54 | 54 | |
| 26 | 21 | 16 | 12 | 13 | 19 | 16 | |
| Total Liabilities | 54 | 60 | 75 | 77 | 92 | 116 | 115 |
| 12 | 15 | 13 | 17 | 16 | 17 | 17 | |
| CWIP | 0 | 0 | 4 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| 41 | 44 | 58 | 60 | 76 | 99 | 98 | |
| Total Assets | 54 | 60 | 75 | 77 | 92 | 116 | 115 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Feb 2025 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 3 | 1 | 2 | 3 | 1 | 8 | ||
| -1 | -4 | -2 | -1 | -3 | -11 | ||
| -1 | 3 | 0 | -2 | 2 | 4 | ||
| Net Cash Flow | 0 | -0 | 0 | -0 | 0 | -0 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Feb 2025 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 102 | 83 | 75 | 80 | 64 | 96 | 75 |
| Inventory Days | 54 | 85 | 67 | 58 | 76 | 91 | 86 |
| Days Payable | 34 | 13 | 33 | 16 | 13 | 33 | 19 |
| Cash Conversion Cycle | 122 | 155 | 109 | 122 | 127 | 154 | 142 |
| Working Capital Days | 37 | 77 | 14 | 15 | 35 | 50 | 50 |
| ROCE % | 12% | 10% | 10% | 29% | 22% | 22% |
Documents
Announcements
-
General Updates
17 September 2025 - 19% revenue growth Apr–Aug 2025; launched Flux Cored Wire; expects >30% FY growth and 60–75bp margin expansion.
-
Updates
17 September 2025 - Apr–Aug 2025 revenue +19%; launched Flux Cored Wire; expects 60–75bp margin expansion; FY growth >30%
-
Awarding of order(s)/contract(s)
12 September 2025 - Awarded INR 17,03,18,250 work order from Srinchal Fabricators; supply MIG wires and MS electrodes; delivery in six months.
-
General Updates
9 September 2025 - Register closed Sep 24-30, 2025; AGM Sep 30, 2025 11:30 AM; record date Sep 23, 2025.
-
Outcome of Board Meeting
8 September 2025 - Approved audited standalone results for year ended March 31, 2025; appointed secretarial auditor; 28th AGM on September 30, 2025.
Business Profile[1]
The company is a leading manufacturer of welding electrodes and MIG wires, primarily serving the domestic market, and holds ISO-9001 certification and BIS licenses, with a prior registration under DGS&D.