Classic Electrodes IPO

Classic Electrodes (India) Limited (CEIL), based in Hyderabad, manufactures and markets welding electrodes, offering general purpose electrodes, low hydrogen electrodes, stainless steel, hardfacing, and speciality variants. The company’s revenue is mainly from domestic markets (99.96% in FY25) with exports forming 0.04%, and is geographically concentrated in West Bengal and Odisha. The company derives its revenue from two key segments: manufacturing, which contributed 66.08% (Electrodes 49.25%, Mig Wire 36.54%, SS MIG 14.20% in FY25), and trading, which accounted for 33.92% through wire rod sales. The capacity utilisation stood at 66.55% for electrodes and 61.71% for mig wire at the West Bengal unit, and 63.42% for mig wire at the Jhajjar unit as of Feb 28, 2025.