Overview

Detailed Summary

Classic Electrodes (India) Limited is an Indian manufacturer of welding consumables like electrodes and MIG wires, specializing in delivering engineering solutions.
The company recorded a growth trajectory with a 16.4% revenue increase to Rs. 123.03 crores for H1 FY '26 post-IPO, supported by robust demand and the introduction of strategic products.
It achieved a landmark by commercially launching Flux-Cored Wire, enhancing product portfolio and bolstering market presence.
Strategic initiatives include capacity expansions via automation and operational improvements funded by IPO proceeds.
Classic Electrodes operates manufacturers units in Howrah and Jhajjar, scaling up production and optimizing output with a focus on operational efficiency and product diversification.

Sector: Industrial Products
Industry: Electrodes & Refractories
Market Cap: 81 Cr
Volatility: High Risk
P/E Ratio: 6.4
Industry P/E: 37.3
PEG Ratio: 0.1
P/B Ratio: 0.9
52W High: 113.90
52W Low: 34.75

Sales CAGR

1Y: 6.18%
3Y: 15.42%
5Y: 19.69%
10Y: —

Profit CAGR

1Y: 21.55%
3Y: 99.92%
5Y: 45.76%
10Y: —

ROE

TTM: 13.28%
3Y: 23.16%
5Y: 18.09%
10Y: —

ROCE

TTM: 18.02%
3Y: 40.89%
5Y: 28.49%
10Y: —

Technicals

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Forecasts

Peers

Industrials Capital Goods Industrial Products Electrodes & Refractories

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ORIENTCER		39.38	471 Cr	21.56	1.56	0.89	7.24	9.75	5.26
DENORA		850.00	456 Cr	50.39	3.53	0.47	7.00	9.27	5.66
PANCARBON		466.20	224 Cr	10.54	1.19	2.57	11.32	16.08	10.97
ROYALARC		146.05	162 Cr	16.15	1.99	0.34	12.36	16.96	11.01
CLASSICEIL		44.85	81 Cr	6.35	0.85	0.00	13.28	18.02	9.46
NILACHAL		39.15	80 Cr	-16.46	0.00	0.00	14.80	-34.61	-33.17
REFRACTORY		30.50	66 Cr	13.88	1.32	0.00	9.49	10.12	5.86
Median: 7 Co.	—	44.85	162 Cr	13.88	1.32	0.34	11.32	10.12	5.86

Financial Statements

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Standalone Half Yearly Results (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
Sales	100	106	100	122	121
Expenses	89	95	89	111	109
Interest	2.72	2.05	3.05	2.28	1.33
Operating Profit	11	11	11	11	12
OPM %	10.64	9.95	11.43	9.05	9.58
Other Income	1.80	0.16	0.17	0.87	0.37
Depreciation	1.13	1.02	1.27	1.19	1.96
Profit Before Tax	8.58	7.58	7.30	8.46	8.64
Tax %	35.20	19.13	24.79	23.29	28.24
Net Profit	5.56	6.13	5.49	6.49	6.20
EPS in Rs	—	—	—	—	—

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Feb 2025	Mar 2025
Sales	92	103	84	90	134	151	194	188	206
Expenses	88	97	78	85	128	142	171	168	184
Operating Profit	3.85	5.34	5.57	4.39	5.81	8.47	23	19	22
OPM %	4.21	5.20	6.64	4.88	4.34	5.62	11.68	10.31	10.67
Other Income	1.02	0.34	0.45	0.59	0.53	0.26	0.59	0.29	0.32
Interest	2.26	2.84	2.53	2.36	3.06	3.59	4.58	4.67	5.10
Depreciation	0.84	1.06	1.11	0.97	1.29	2.35	2.18	2.07	2.29
Profit Before Tax	1.79	1.77	2.37	1.65	1.98	2.78	16	13	15
Tax %	108.29	58.76	25.54	25.25	26.53	25.13	25.35	25.75	21.93
Net Profit	-0.15	0.73	1.77	1.23	1.45	2.08	12	9.57	12
EPS in Rs	—	—	—	—	—	—	—	—	—
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Feb 2025	Mar 2025
Equity Capital	5.28	5.28	5.28	5.28	5.28	5.28	5.28	13	13
Reserves	11	12	14	15	14	16	29	30	32
Borrowings	6.48	7.52	8.90	19	39	43	46	53	54
Other Liabilities	29	28	26	21	16	12	13	19	16
Total Liabilities	52	53	54	60	75	77	92	116	115
Fixed Assets	9.13	12	12	15	13	17	16	17	17
CWIP	0.00	0.00	0.00	0.00	3.72	0.00	0.00	0.05	0.05
Investments	0.11	0.95	0.96	0.96	0.33	0.33	0.33	0.33	0.33
Other Assets	43	40	41	44	58	60	76	99	98
Total Assets	52	53	54	60	75	77	92	116	115

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Feb 2025	Mar 2025
Cash from Operating Activity	1.83	6.02	2.53	-3.93	1.28	1.65	2.86	1.24	7.59
Cash from Investing Activity	-1.73	-4.42	-1.37	-3.69	-4.04	-1.93	-0.97	-3.31	-11
Cash from Financing Activity	-0.02	-1.80	-1.16	7.82	2.76	0.31	-1.97	2.17	3.56
Net Cash Flow	0.08	-0.20	-0.00	0.20	-0.01	0.03	-0.08	0.10	-0.11

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Aug 2024	Aug 2025	Sep 2025	Mar 2026
Promoters	97.73%	71.77%	73.44%	72.02%
FIIs	0.00%	3.64%	7.64%	5.62%
DIIs	2.27%	8.84%	6.72%	4.50%
Public	0.00%	15.74%	12.20%	17.86%
Total Shareholders	18	699	432	548

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Presentations

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Q4 FY26

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Frequently Asked Questions about Classic Electrodes (India) Ltd

Classic Electrodes (India) Ltd (CLASSICEIL) is currently trading at 45.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Classic Electrodes (India) Limited is an Indian manufacturer of welding consumables like electrodes and MIG wires, specializing in delivering engineering solutions. The company recorded a growth trajectory with a 16.4% revenue increase to Rs. 123.03 crores for H1 FY '26 post-IPO, supported by robust demand and the introduction of strategic products. It achieved a landmark by commercially launching Flux-Cored Wire, enhancing product portfolio and bolstering market presence. Strategic initiatives include capacity expansions via automation and operational improvements funded by IPO proceeds. Classic Electrodes operates manufacturers units in Howrah and Jhajjar, scaling up production and optimizing output with a focus on operational efficiency and product diversification.

Over the past 52 weeks, Classic Electrodes (India) Ltd has traded between a low of ₹34.75 and a high of ₹113.90. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Classic Electrodes (India) Ltd has a market capitalization of approximately 80.57. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Classic Electrodes (India) Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 6.35 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 80.57 Cr, Classic Electrodes (India) Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Classic Electrodes (India) Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Classic Electrodes (India) Ltd is 6.35. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Classic Electrodes India Ltd

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