Classic Electrodes (India)NSE:CLASSICEIL +4.92%15 Return-on-Tangible-Equity is 13.53% as of Mar. 2026, which is 2% above its 10-year median of 13.28. GuruFocus rates NSE:CLASSICEIL with a GF Score™ of 15/100. Among 2,969 Industrial Products companies, Classic Electrodes (India) ranks better than 74.74% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Classic Electrodes (India)'s annualized net income for the quarter that ended in Mar. 2026 was ₹124 Mil. Classic Electrodes (India)'s average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹917 Mil. Therefore, Classic Electrodes (India)'s annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.53%.
The historical rank and industry rank for Classic Electrodes (India)'s Return-on-Tangible-Equity or its related term are showing as below:
NSE:CLASSICEIL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.6 Med: 13.28 Max: 44.11
Current: 13.84
During the past 5 years, Classic Electrodes (India)'s highest Return-on-Tangible-Equity was 44.11%. The lowest was 7.60%. And the median was 13.28%.
NSE:CLASSICEIL's Return-on-Tangible-Equity is ranked better than 74.74% of 2969
companies
in the Industrial Products industry
Industry Median: 6.72
vs NSE:CLASSICEIL: 13.84
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Classic Electrodes (India) Return-on-Tangible-Equity Related Terms
Classic Electrodes (India) Return-on-Tangible-Equity 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-Equity Comparison
For the Electrical Equipment & Parts subindustry, Classic Electrodes (India)'s Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Classic Electrodes (India)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Classic Electrodes (India)'s Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.53% mean?
Classic Electrodes (India) (NSE:CLASSICEIL) has a Return-on-Tangible-Equity of 13.53% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Classic Electrodes (India) and its competitors. This is near median its historical median of 13.28. Over the past decade, Classic Electrodes (India)'s Return-on-Tangible-Equity has ranged from 7.60 to 44.11. According to the industry distribution chart, Classic Electrodes (India) ranks #750 out of 2969 companies in the Industrial Products industry, placing it in the top 25.3%.
Is Classic Electrodes (India)'s Return-on-Tangible-Equity too high?
Classic Electrodes (India)'s current Return-on-Tangible-Equity of 13.53% is near median its 10-year median of 13.28. Over the past 10 years, this metric has ranged from a low of 7.60 to a high of 44.11. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. Classic Electrodes (India)'s value of 13.53% is 101.3% above this industry median. Based on the distribution chart, Classic Electrodes (India) ranks #750 out of 2969 companies in the Industrial Products industry, which is above the industry midpoint. 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-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Classic Electrodes (India) ranks #750 out of 2969 companies for Return-on-Tangible-Equity. This puts Classic Electrodes (India) in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.72. Classic Electrodes (India)'s value of 13.53% is 101.3% above this benchmark. Historically, Classic Electrodes (India)'s own Return-on-Tangible-Equity has ranged from 7.60 to 44.11 over the past decade. While the company's 10-year median is 13.28 vs. the industry median of 6.72, 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-Equity for an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,969 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 13.53% is 101.3% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Classic Electrodes (India) and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — 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-Equity is 13.53%, which is near median its own 10-year median of 13.28. 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-Equity of 13.53%. The current Return-on-Tangible-Equity is 13.53%, which is near median its 10-year median of 13.28 and 101.3% above the Industrial Products industry median of 6.72. Classic Electrodes (India)'s overall GF Score™ is 15/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Classic Electrodes (India) (NSE:CLASSICEIL), the current Return-on-Tangible-Equity is 13.53% 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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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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