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Classic Electrodes (India)
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Classic Electrodes (India) Limited was originally incorporated as Classic Electrodes (India) Private Limited' dated September, 30, 1997, issued by the Registrar of Companies, Kolkata. Thereafter, Company name changed from Classic Electrodes (India) Private Limited' to Classic Electrodes (India) Limited', consequent to conversion of Company from Private to Public Limited on April 18, 2009 and a fresh Certificate of Incorporation was issued by the Registrar of Companies, Kolkata on June 13, 2009.
The Company commenced welding electrode manufacturing in Tikiapara, Howrah, West Bengal, achieving ISO 9001 certification. It then received Factory approval in year 2000 by the Bureau of Indian Standards. In 2004, it received factory approval by the Research Designs and Standards Organisation. It relocated their factory to Dhulagarh, enabling an increase in production capacity and introducing diversified products such as mild steel MIG wire in 2009. The Company's Unit 2 was established in Bahadurgarh, Haryana in 2014. It achieved integration of upgraded manufacturing technology for stainless steel MIG wire in 2021. It relocated Unit 2 from Bahadurgarh to Jhajjar, Haryana, amplifying production capacity with unparalleled efficiency and reliability.
The Company engaged in the business of manufacturing of welding electrodes and providing engineering solutions to customers both in domestic and international markets. The Company presently operate from two manufacturing units, out of which Unit I located in Dhulagarh, West Bengal, and Unit II located at Jhajjar, Haryana for processing and manufacturing of products. At Unit I, it manufacture Welding Electrodes and MIG Wires, while Unit II focuses exclusively on MIG Wires.
The Company, apart from producing high-volume General-Purpose Electrodes is involved in production of high quality special consumable like Low hydrogen, Low Alloy, Stainless steel, Cast Iron, Hard surfacing and Reclamation electrodes. The Company is accredited certified under ISO - 9001:2008 Quality Management Systems by Moody International Certification Limited. The Company is holding Bureau of India standard (BIS) License and registered under Directorate General of Supplies & Disposal (DGS&D) - Govt. of India
The Company is planning a Public Offer of upto 48,00,000 Equity Shares through Fresh Issue.
Classic Electrodes (India) share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Classic Electrodes (India) indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Classic Electrodes (India) is valued compared to its competitors.
Classic Electrodes (India) PE ratio helps investors understand what is the market value of each stock compared to Classic Electrodes (India) 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Classic Electrodes (India) evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Classic Electrodes (India) generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Classic Electrodes (India) in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Classic Electrodes (India) shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Classic Electrodes (India) compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Classic Electrodes (India) over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Classic Electrodes (India) helps investors get an insight into when they can enter or exit the stock. Key components of Classic Electrodes (India) Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Classic Electrodes (India) shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Classic Electrodes (India) ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Classic Electrodes (India) provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Classic Electrodes (India) highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Classic Electrodes (India) .
The balance sheet presents a snapshot of Classic Electrodes (India) ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.