Linde India Limited
Linde India Limited manufactures and sells industrial and medical gases in India. It operates through Gases, Related Products and Services; and Project Engineering Division segments. The Gases, Related Products and Services segment produces and sells oxygen, nitrogen, and argon gases. This segment engages in the provision of pipeline gas supply to steel, glass, and chemical industries; liquefied gases through cryogenic tankers to various industrial sectors; and compressed gas in cylinders to fabrication, manufacturing, and construction industries. It offers gases, such as medical oxygen, synthetic air, and nitrous oxide for pharmaceutical use, as well as medical gas distribution systems to hospitals. The Project Engineering Division is involved in the design, engineering, manufacture, and commissioning of cryogenic and non-cryogenic air separation plants (ASUs), vacuum pressure swing adsorption (VPSA) units, and nitrogen plants; and the sale of distillation columns, cryogenic storage tanks, and vaporizers. It serves various industries, such as steel, automotive, pharma, metal fabrication, chemicals, food and beverage, solar panels, science and research, natural gas and oil refining, petrochemicals, fertilizers, electronics, and metal processing, as well as hospitals and healthcare establishments. The company was formerly known as BOC India Limited and changed its name to Linde India Limited in February 2013. Linde India Limited was incorporated in 1935 and is headquartered in Kolkata, India. Linde India Limited is a subsidiary of The BOC Group Limited.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Large-cap with βΉ51.7K Cr market capitalisation
Concerns1
- Valuation elevated β PE of 102.0x is 115% above Materials median of 47.5x
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ2.48 K Cr | β | βΉ448.00 Cr | β | β | β | -10.3% | 5.2% |
| Mar 2024 | βΉ2.77 K Cr | β | βΉ426.00 Cr | β | β | β | -11.7% | -20.5% |
| Mar 2023 | β | β | β | β | β | β | β | β |
| Mar 2021 | βΉ2.11 K Cr | β | βΉ514.00 Cr | β | β | β | 43.6% | 229.5% |
| Mar 2020 | βΉ1.47 K Cr | β | βΉ156.00 Cr | β | β | β | -16.5% | -78.5% |
| Mar 2019 | βΉ1.76 K Cr | β | βΉ727.00 Cr | β | β | β | -19.6% | 2103.0% |
| Mar 2018 | βΉ2.19 K Cr | β | βΉ33.00 Cr | β | β | β | 7.8% | 73.7% |
| Mar 2017 | βΉ2.03 K Cr | β | βΉ19.00 Cr | β | β | β | 11.4% | 46.2% |
| Mar 2016 | βΉ1.82 K Cr | β | βΉ13.00 Cr | β | β | β | 16.5% | -43.5% |
| Mar 2015 | βΉ1.57 K Cr | β | βΉ23.00 Cr | β | β | β | 5.1% | 360.0% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 2,508 |
| Total Expenses | 1,562 |
| EBIT / Operating Profit | 946 |
| OPM % | 38 |
| Other Income | 74 |
| Finance Costs | 18 |
| Depreciation & Amortisation | 230 |
| Profit Before Tax | 772 |
| Tax % | - |
| Net Profit / PAT | 584 |
| EPS (βΉ) | 68.42 |
| Dividend Payout % | - |
Peer Comparison
Materials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Linde India Limitedthis co. | βΉ51.73 K Cr | βΉ2.48 K Cr | 102.00 | 13.14 | 0.00 | -10.3% |
| UltraTech Cement Ltd | βΉ3.55 L Cr | βΉ71.89 K Cr | 48.60 | 5.02 | 27.23 | 4.7% |
| JSW Steel Limited | βΉ2.88 L Cr | βΉ1.28 L Cr | 38.00 | 3.45 | 14.23 | -5.5% |
| Asian Paints Ltd. | βΉ2.77 L Cr | βΉ29.55 K Cr | 69.60 | 14.50 | 35.04 | -5.4% |
| Hindustan Zinc Ltd. | βΉ2.66 L Cr | βΉ33.97 K Cr | 25.50 | 19.57 | 18.58 | 17.4% |
| Coal India Limited | βΉ2.64 L Cr | βΉ1.59 K Cr | 12.40 | 13.24 | 16.33 | 5.1% |
| Vedanta Limited | βΉ2.49 L Cr | βΉ74.30 K Cr | 26.50 | 3.37 | 12.82 | 5.0% |
| Industry Average | β | βΉ10.75 K Cr | 47.54 | 5.23 | 30.19 | 121.8% |