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Classic Electrodes (India)NSE:CLASSICEIL +4.96%15 3-Year ROIIC % is 19.06 as of Mar. 2026, which is at its 10-year median of 19.06. GuruFocus rates NSE:CLASSICEIL with a GF Score™ of 15/100. Among 2,936 Industrial Products companies, Classic Electrodes (India) ranks better than 72.75% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Classic Electrodes (India)'s 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 19.06%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Classic Electrodes (India)'s 3-Year ROIIC % or its related term are showing as below:
NSE:CLASSICEIL's 3-Year ROIIC % is ranked better than 72.75% of 2936
companies
in the Industrial Products industry
Industry Median: 3.325
vs NSE:CLASSICEIL: 19.06
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Classic Electrodes (India) 3-Year ROIIC % Related Terms
Classic Electrodes (India) 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Electrical Equipment & Parts subindustry, Classic Electrodes (India)'s 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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) 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Classic Electrodes (India)'s 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Classic Electrodes (India)'s 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 144.3487 (Mar. 2026) - 47.9385123 (Mar. 2023) )
/
( 1188.913 (Mar. 2026) - 683.107 (Mar. 2023) )
=
96.4101877
/
505.806
=
19.06%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Classic Electrodes (India) (NSE:CLASSICEIL) has a 3-Year ROIIC % of 19.06 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Classic Electrodes (India) and its competitors. This is near median its historical median of 19.06. Over the past decade, Classic Electrodes (India)'s 3-Year ROIIC % has ranged from 19.06 to 19.06. According to the industry distribution chart, Classic Electrodes (India) ranks #800 out of 2936 companies in the Industrial Products industry, placing it in the top 27.2%.
Is Classic Electrodes (India)'s 3-Year ROIIC % too high?
Classic Electrodes (India)'s current 3-Year ROIIC % of 19.06 is near median its 10-year median of 19.06. Over the past 10 years, this metric has ranged from a low of 19.06 to a high of 19.06. The Industrial Products industry median 3-Year ROIIC % is 3.33. Classic Electrodes (India)'s value of 19.06 is 473.2% above this industry median. Based on the distribution chart, Classic Electrodes (India) ranks #800 out of 2936 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 3-Year ROIIC % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Classic Electrodes (India) ranks #800 out of 2936 companies for 3-Year ROIIC %. This puts Classic Electrodes (India) in the upper half of its industry. The industry median 3-Year ROIIC % is 3.33. Classic Electrodes (India)'s value of 19.06 is 473.2% above this benchmark. Historically, Classic Electrodes (India)'s own 3-Year ROIIC % has ranged from 19.06 to 19.06 over the past decade. While the company's 10-year median is 19.06 vs. the industry median of 3.33, 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 3-Year ROIIC % for an Industrial Products company?
The median 3-Year ROIIC % among Industrial Products companies is 3.33, based on 2,936 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Classic Electrodes (India)'s current 3-Year ROIIC % of 19.06 is 473.2% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Classic Electrodes (India) and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Classic Electrodes (India)'s current 3-Year ROIIC % is 19.06, which is near median its own 10-year median of 19.06. 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 3-Year ROIIC % of 19.06. The current 3-Year ROIIC % is 19.06, which is near median its 10-year median of 19.06 and 473.2% above the Industrial Products industry median of 3.33. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Classic Electrodes (India) (NSE:CLASSICEIL), the current 3-Year ROIIC % is 19.06 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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