Classic Electrodes (India)NSE:CLASSICEIL 15 ROA % 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. Among 3,081 Industrial Products companies, Classic Electrodes (India) ranks better than 86.5% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Classic Electrodes (India)'s annualizedNet Income for the quarter that ended in Mar. 2026 was ₹124 Mil.
Classic Electrodes (India)'s average Total Assets over the quarter that ended in Mar. 2026 was ₹1,336 Mil. Therefore, Classic Electrodes (India)'s annualized ROA % for the quarter that ended in Mar. 2026 was 9.29%.
The historical rank and industry rank for Classic Electrodes (India)'s ROA % or its related term are showing as below:
NSE:CLASSICEIL'
s ROA % 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 ROA % was 14.88%. The lowest was 1.99%. And the median was 9.43%.
NSE:CLASSICEIL's ROA % is ranked better than 86.5% of 3081
companies
in the Industrial Products industry
Industry Median: 3.06
vs NSE:CLASSICEIL: 9.50
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Electrical Equipment & Parts subindustry, Classic Electrodes (India)'s ROA %, along with its competitors' market caps and ROA % 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) ROA % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Classic Electrodes (India)'s ROA % distribution charts can be found below:
* The bar in red indicates where Classic Electrodes (India)'s ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
Classic Electrodes (India) (NSE:CLASSICEIL) has a ROA % of 9.29% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total 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 ROA % has ranged from 1.99 to 14.88. According to the industry distribution chart, Classic Electrodes (India) ranks #416 out of 3081 companies in the Industrial Products industry, placing it in the top 13.5%.
Is Classic Electrodes (India)'s ROA % too high?
Classic Electrodes (India)'s current ROA % 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 ROA % is 3.06. Classic Electrodes (India)'s value of 9.29% is 203.6% above this industry median. Based on the distribution chart, Classic Electrodes (India) ranks #416 out of 3081 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 ROA % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Classic Electrodes (India) ranks #416 out of 3081 companies for ROA %. This places Classic Electrodes (India) in the top 14% of its industry — outperforming the majority of peers. The industry median ROA % is 3.06. Classic Electrodes (India)'s value of 9.29% is 203.6% above this benchmark. Historically, Classic Electrodes (India)'s own ROA % 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 3.06, 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 ROA % for an Industrial Products company?
The median ROA % among Industrial Products companies is 3.06, based on 3,081 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Classic Electrodes (India)'s current ROA % of 9.29% is 203.6% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Classic Electrodes (India) and its competitors. For the Industrial Products industry, the median ROA % is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Classic Electrodes (India)'s current ROA % 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 ROA % of 9.29%. The current ROA % is 9.29%, which is near median its 10-year median of 9.43 and 203.6% above the Industrial Products industry median of 3.06. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Classic Electrodes (India) (NSE:CLASSICEIL), the current ROA % 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.
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