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Classic Electrodes (India)NSE:CLASSICEIL +0.59%15 Return-on-Tangible-Asset is 9.29% as of Mar. 2026, which is 1% below its 10-year median of 9.43. GuruFocus rates NSE:CLASSICEIL with a GF Score™ of 15/100. The stock has 1 warning sign investors should review. Among 3,073 Industrial Products companies, Classic Electrodes (India) ranks better than 84.22% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Classic Electrodes (India)'s annualizedNet Income for the quarter that ended in Mar. 2026 was ₹124 Mil. Classic Electrodes (India)'s average total tangible assets for the quarter that ended in Mar. 2026 was ₹1,336 Mil. Therefore, Classic Electrodes (India)'s annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.29%.
The historical rank and industry rank for Classic Electrodes (India)'s Return-on-Tangible-Asset or its related term are showing as below:
NSE:CLASSICEIL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.99 Med: 9.43 Max: 14.88
Current: 9.5
During the past 5 years, Classic Electrodes (India)'s highest Return-on-Tangible-Asset was 14.88%. The lowest was 1.99%. And the median was 9.43%.
NSE:CLASSICEIL's Return-on-Tangible-Asset is ranked better than 84.22% of 3073
companies
in the Industrial Products industry
Industry Median: 3.26
vs NSE:CLASSICEIL: 9.50
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Classic Electrodes (India) Return-on-Tangible-Asset Related Terms
Classic Electrodes (India) Return-on-Tangible-Asset Historical Data
* 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.
NSE:CLASSICEIL vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Classic Electrodes (India)'s Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Classic Electrodes (India) Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Classic Electrodes (India)'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Classic Electrodes (India)'s Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 9.29% mean?
Classic Electrodes (India) (NSE:CLASSICEIL) has a Return-on-Tangible-Asset of 9.29% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Classic Electrodes (India) and its competitors. This is near median its historical median of 9.43. Over the past decade, Classic Electrodes (India)'s Return-on-Tangible-Asset has ranged from 1.99 to 14.88. According to the industry distribution chart, Classic Electrodes (India) ranks #485 out of 3073 companies in the Industrial Products industry, placing it in the top 15.8%.
Is Classic Electrodes (India)'s Return-on-Tangible-Asset too high?
Classic Electrodes (India)'s current Return-on-Tangible-Asset of 9.29% is near median its 10-year median of 9.43. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 14.88. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Classic Electrodes (India)'s value of 9.29% is 185% above this industry median. Based on the distribution chart, Classic Electrodes (India) ranks #485 out of 3073 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Classic Electrodes (India) has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Classic Electrodes (India)'s Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Classic Electrodes (India) ranks #485 out of 3073 companies for Return-on-Tangible-Asset. This places Classic Electrodes (India) in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.26. Classic Electrodes (India)'s value of 9.29% is 185% above this benchmark. Historically, Classic Electrodes (India)'s own Return-on-Tangible-Asset has ranged from 1.99 to 14.88 over the past decade. While the company's 10-year median is 9.43 vs. the industry median of 3.26, Classic Electrodes (India) has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,073 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Classic Electrodes (India)'s current Return-on-Tangible-Asset of 9.29% is 185% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Classic Electrodes (India) and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Classic Electrodes (India)'s current Return-on-Tangible-Asset is 9.29%, which is near median its own 10-year median of 9.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Classic Electrodes (India) stock overvalued right now?
Classic Electrodes (India) (NSE:CLASSICEIL) has a current Return-on-Tangible-Asset of 9.29%. The current Return-on-Tangible-Asset is 9.29%, which is near median its 10-year median of 9.43 and 185% above the Industrial Products industry median of 3.26. Classic Electrodes (India)'s overall GF Score™ is 15/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Classic Electrodes (India) (NSE:CLASSICEIL), the current Return-on-Tangible-Asset is 9.29% 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.
Classic Electrodes (India) Ltd is engaged in the business of manufacturing welding electrodes and providing engineering solutions to customers both in domestic and international market. It provides a wide range of product offerings including General Purpose Electrodes, Low Alloy Electrodes, Low Hydrogen Electrodes, Stainless Steel Electrodes, Hard Facing Electrodes, Cast Iron Electrodes, Non-Ferrous Electrodes, Low Heat Input Electrodes, Cutting and Gauging Electrodes, Mig Wires etc. It is focused on alloy and process development, quality and design, which has allowed the company to develop products suited to its customers' requirements. It has expertise to design, develop and manufacture complex and specialized industrial equipment and components for OEM's and end user industries.
15GF Score
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