Inve India ▾

Classic Electrodes (India) share price & results

Classic Electrodes (India) Ltd· Capital Goods· Industrials

Results to
Mar 2026
Latest analysed call
Q4 FY26
Ownership as of
Mar 2026

Kolkata-based manufacturer of welding electrodes, MIG/flux-cored wires and railway track components, serving industrial customers in India and overseas

Company research is public. Sign in to keep your own companies, notes and cases.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue121 ₹ crore+21.0% YoYQuarterly, as filedQuarter to Mar 2026Revenue from operations as filed.
Operating margin10.0 %−1.0 pts YoYOperating profit / revenueQuarter to Mar 2026For the quarter; a change is in percentage points.
Net profit6.0 ₹ crore+20.0% YoYQuarterly, as filedQuarter to Mar 2026Profit after tax as filed.
Return on equityUnavailable−12.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin0.86 %−1.2 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable+11.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Mar 2026

Guidance

What management said, and what became of it

0 of 4 judged targets kept · 11 open · verdicts reflect calls analysed to Q4 FY26.

Classic Electrodes (India) Ltd management guidance track record on Inve: 15 targets tracked across analysed earnings calls (0 achieved, 4 missed, 11 open).

TargetOriginal wordingSaidLatest callVerdict
Total Revenue₹260-275 crores
Call transcript, Q2 FY26 · 20 Nov 2025		Q2 FY26Q4 FY26:Full year FY26 total income reported at ₹244.21 crores, falling short of the guided range of ₹260-275 crores.
Call transcript, Q4 FY26 · 21 May 2026		Missed
Revenue Growth20% minimum growth over FY26
Call transcript, Q2 FY26 · 20 Nov 2025		Q2 FY26Q4 FY26:Management guided for FY27 revenue of ₹330-350 crores, which implies a 35-43% growth over FY26's ₹244.21 crores, significantly higher than the original 20% minimum target.
Call transcript, Q4 FY26 · 21 May 2026		Revised Up
Flux-Cored Wire Revenue₹25-30 crores at 100% capacity
Call transcript, Q2 FY26 · 20 Nov 2025		Q2 FY26Q4 FY26:The product contributed ₹4 crores in FY26 and is targeted to contribute ₹20 crores in FY27, showing a clear ramp-up towards its full potential.
Call transcript, Q4 FY26 · 21 May 2026		On Track

Source: Inve Guidance Tracker for Classic Electrodes (India) Ltd · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of Classic Electrodes (India) Ltd's 15 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 12 more targets are in the full ledger.

Free account: 5 full ledgers a month and one Inve Case. Pro opens 100 a month, ₹499.
See the full record

Price

₹46.4 +0.87% · +₹0.4

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −48.7% 1Y

₹40.0₹60.0₹80.0Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 20 Nov 2025Q4 FY26 — 21 May 2026

1Y: ₹90.5 on 24 Oct 2025 → ₹46.4. High ₹92.9 (27 Oct 2025), low ₹36 (30 Mar 2026).

Previous close
₹46
Market cap
₹91 Cr
52-week range
₹36 – ₹92.9
One year
−50.05%
Price to earnings (FY ending Mar 2026)
7.03×
Return on equity (FY ending Mar 2026)
18.47%

Overview

Symbol
NSE:CLASSICEIL
Industry
Industrials
Exchange
NSE
Currency
INR

What Classic Electrodes (India) Ltd does

Based on the company's own presentations, annual report and earnings calls.

Classic Electrodes (India) Limited manufactures welding consumables — general-purpose, low-hydrogen, low-heat-input, low-alloy, stainless-steel, cast-iron, hard-facing, cutting & gauging, solid MIG and non-ferrous electrodes and wires — for structural, shipbuilding, earth-moving, pressure-vessel, railway and process-industry customers. It operates manufacturing units in West Bengal and Haryana, and has recently expanded into railway infrastructure components (Elastic Rail Clips) and flux-cored wires to diversify beyond its traditional electrode and trading business.

Segments

  • Welding electrodes
  • MIG / Solid wires
  • Flux-Cored Wires
  • ERC Mk-V Railway Components
Manufacturing units
2 fully-equipped units (Dhulagarh, West Bengal and Jhajjar, Haryana)
Electrodes installed capacity
10,608 MT/yr (86.24% utilized FY26)
MIG Wire installed capacity (West Bengal)
7,000 MT/yr (74.38% utilized FY26)
MIG Wire installed capacity (Bahadurgarh/Jhajjar)
3,600 MT/yr (65.64% utilized FY26)
Flux-Cored Wire installed capacity
2,500 MT/yr (13.98% utilized, first year FY26)
Quality/product certifications
CE, ISO 9001, ISO 14001, ISO 45001, BIS, IRS, Lloyd's Register, IBR, RDSO, MN Dastur & Co, ONGC registered vendor
Founded 1997Headquarters Kolkata, West Bengal, India Company website

How the price took the results

close before → close after

Q4 FY26
+5.0%
21 May
Q2 FY26
−1.1%
20 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Your own record

Start an Inve Case for Classic Electrodes (India) Ltd

Free account: one company. Everything above stays public.

Write why you follow Classic Electrodes (India) Ltd and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.

What an account adds

Keep reading

Other Capital Goods companies

All Capital Goods companies → · Capital Goods earnings growth →

Learn to analyse Classic Electrodes (India) Ltd

Guides on how to read this kind of business and the numbers that matter.