Classic Electrodes (India) (NSE:CLASSICEIL) ROCE %: 21.34% (As of Mar. 2026)


NSE:CLASSICEIL Classic Electrodes (India) Ltd NSE:CLASSICEIL
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What is Classic Electrodes (India) ROCE %?

Classic Electrodes (India) NSE:CLASSICEIL 15 ROCE % is 21.34% as of Mar. 2026. GuruFocus rates NSE:CLASSICEIL with a GF Score™ of 15/100.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Classic Electrodes (India)'s annualized ROCE % for the quarter that ended in Mar. 2026 was 21.34%.

Classic Electrodes (India)  (NSE:CLASSICEIL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Classic Electrodes (India) ROCE % Related Terms

Classic Electrodes (India) ROCE % Historical Data

* Premium members only.

The historical data trend for Classic Electrodes (India)'s ROCE % can be seen below:

* 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.

Classic Electrodes (India) ROCE % Chart

Classic Electrodes (India) Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
18.67 24.06 66.16 53.87 21.35

Classic Electrodes (India) Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
ROCE % Get a 7-Day Free Trial 0.00 51.93 0.00 23.83 21.34
NSE:CLASSICEIL
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Classic Electrodes (India) Ltd NSE:CLASSICEIL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Classic Electrodes (India) ROCE % Calculation

Classic Electrodes (India)'s annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=206.699/( ( (0 - 0) + (1341.038 - 372.667) )/ 1 )
=206.699/( (0+968.371)/ 1 )
=206.699/968.371
=21.35 %

Classic Electrodes (India)'s ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=199.538/( ( (1331.739 - 429.912) + (1341.038 - 372.667) )/ 2 )
=199.538/( ( 901.827 + 968.371 )/ 2 )
=199.538/935.099
=21.34 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 21.34% mean?
Classic Electrodes (India) (NSE:CLASSICEIL) has a ROCE % of 21.34% as of Mar. 2026.
Is Classic Electrodes (India)'s ROCE % too high?
Classic Electrodes (India)'s current ROCE % is 21.34%. The Industrial Products industry median ROCE % is 7.10. Classic Electrodes (India)'s value of 21.34% is 200.6% above this industry median. 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 ROCE % compare to VRT and BE?
Classic Electrodes (India)'s ROCE % of 21.34% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.10. Classic Electrodes (India)'s value of 21.34% is 200.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.10, based on 3,032 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Classic Electrodes (India)'s current ROCE % of 21.34% is 200.6% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Classic Electrodes (India)'s current ROCE % is 21.34%. 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 ROCE % of 21.34%. The current ROCE % is 21.34% and 200.6% above the Industrial Products industry median of 7.10. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Classic Electrodes (India) (NSE:CLASSICEIL), the current ROCE % is 21.34% 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) Business Description

Address Plot BG-12 AA-1 B, Unit 201, 2nd Floor, Bus terminus and commercial complex, New Town, North 24 Parganas, New Town, WB, IND, 700156
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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