Classic Electrodes (India) Ltd

Classic Electrod Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Classic Electrodes (India) Ltd

₹ 90.5 -3.57%
24 Oct - close price
classicelectrodes.com NSE - SME: CLASSICEIL
About

Established in 1997, Classic Electrodes (India) Limited is a prominent Indian manufacturer specialising in welding consumables, including electrodes and MIG wires.[1]

Key Points

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.

Website NSE - SM
  • Market Cap ₹ 163 Cr.
  • Current Price ₹ 90.5
  • High / Low ₹ 114 / 80.5
  • Stock P/E 14.0
  • Book Value ₹
  • Dividend Yield 0.00 %
  • ROCE 22.3 %
  • ROE 29.4 %
  • Face Value ₹ 10.0
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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

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Half Yearly Results

Figures in Rs. Crores

Mar 2024 Sep 2024 Mar 2025
100 106 100
89 95 89
Operating Profit 11 10 11
OPM % 11% 10% 11%
2 0 0
Interest 3 2 3
Depreciation 1 1 1
Profit before tax 9 8 7
Tax % 35% 19% 25%
6 6 5
EPS in Rs 10.54 4.65 4.16
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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%

Shareholding Pattern

Numbers in percentages

22 Recently
Sep 2025
73.44%
7.64%
6.72%
12.20%
No. of Shareholders 432

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports