Linde India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Efficient capital deployment (ROCE 18.2%)
- Virtually debt-free
- Near 52-week low — potential value zone (₹5,616)
Concerns
- Premium to sector peers (P/E 89.3x vs industry 37x)
- High premium to book value (P/B 15.5x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| SOLARINDS Solar Industries India Limited | ₹19,240 | ₹1.7L Cr | 83.4 | 27.72 | 32.6 | 38.1 | 0.17 |
| PIDILITIND Pidilite Industries Limited | ₹1,390 | ₹1.5L Cr | 57.2 | 13.11 | 23.9 | 31 | 0.05 |
| SRF SRF Limited | ₹2,350 | ₹68K Cr | 29 | 4.55 | 14.3 | 14.6 | 0.35 |
| COROMANDEL Coromandel International Limited | ₹— | ₹51K Cr | 27.1 | 4.12 | 16.4 | 22 | 0.11 |
| FLUOROCHEM Gujarat Fluorochemicals Limited | ₹— | ₹47K Cr | 75.3 | 5.25 | 7.82 | 9.64 | 0.29 |
| FACT Fertilizers and Chemicals Travancore Limited | ₹— | ₹43K Cr | 2,930 | 41 | 1.61 | 8.65 | 2.79 |
| UPL UPL Limited | ₹536 | ₹43K Cr | 21.7 | 1.31 | 5.64 | 10.1 | 0.94 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
LINDEINDIA · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| FII | 2.25% | 2.31% | 3.03% | 2.42% | 2.27% | 2.63% |
| DII | 7.22% | 7.45% | 6.84% | 6.88% | 6.81% | 6.49% |
| Public | 15.52% | 15.23% | 15.13% | 15.70% | 15.92% | 15.90% |
Corporate Events
To consider and approve the financial results for the period ended September 30, 2026
To consider and approve the financial results for the period ended Jun 30, 2026
Dividend - Rs 4 Per Share/Special Dividend - 8 Per Share
Dividend - Rs 4.50 Per Share & Special Dividend - Rs 7.50 Per Share
Annual General Meeting/Dividend - Rs 4 Per Share/ Special Dividend - Rs 8 Per Share
Annual General Meeting/Dividend - Rs 4.50 Per Share/Special Dividend -Rs 7.50 Per Share
Latest News
All newsLinde India sees spurt in trading volume
*Linde India sees spurt in trading volume* — Linde India Limited witnessed a significant increase in trading volume, prompting the NSE to seek clarification. The company has submitted its response to ensure transparency. No major corporate event was reported, suggesting the spike may be speculative. 📊 *STOCKS:* LINDEINDIA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Volume
Linde India acquires Tata Steel's ASUs, begins gas supply
*Linde India acquires Tata Steel's ASUs, begins gas supply* — Linde India has completed the acquisition of Tata Steel’s air separation units (ASUs) for **₹1,200 crore**. The deal enhances Linde’s industrial gas footprint in eastern India. Commercial gas supply has commenced immediately post-acquisition. 📊 *STOCKS:* LINDEINDIA, TATASTEEL | 🏢 *SECTOR:* Industrial | #HIGHIMPACT #Acquisition
Linde India secures land for semiconductor gas plant
*Linde India secures land for semiconductor gas plant.* The company has acquired land in Sanand, Gujarat, to set up a facility for manufacturing specialty gases critical for semiconductor manufacturing. This **₹200 crore** capex signals long-term growth in India’s electronics manufacturing ecosystem. The move aligns with national semiconductor push. 📊 *STOCKS:* $LINDEINDIA | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex
Linde India publishes statutory newspaper notice
*Linde India publishes statutory newspaper notice* as part of regulatory compliance. The filing is a routine disclosure with no operational or financial impact. **No material developments** or strategic changes reported. Such notices are standard for listed companies. 📊 *STOCKS:* LINDEINDIA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
Linde India to hold shareholder meeting on August 13, 2026
*Linde India to hold shareholder meeting on August 13, 2026.* The event is a routine corporate disclosure with no immediate financial implications. No major announcements or strategic decisions are indicated in the filing. Such meetings typically cover statutory and administrative matters. 📊 *STOCKS:* $LINDEINDIA | 🏢 *SECTOR:* Industrial Gases | #LOWIMPACT #ShareholderMeeting
Linde India informs members of dividend tax deduction
*Linde India informs members of dividend tax deduction* The company has shared a communication regarding tax deduction on dividends paid to shareholders. The update is part of routine corporate compliance. No financial impact expected. 📊 *STOCKS:* LINDEINDIA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Dividend
Linde India shares trade with no major news
*Linde India shares see muted movement with no significant corporate update.* The stock trades in a narrow range on the NSE amid low volumes. No earnings, order, or regulatory news reported today. 📊 *STOCKS:* LINDEINDIA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #LindeIndia
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹701 Cr 8.9% | ₹644 Cr 12.8% | ₹571 Cr 3.5% | ₹592 Cr 2.3% | ₹606 Cr 4.4% | ₹634 Cr 2.9% | ₹653 Cr 3.7% | ₹630 Cr |
| Op. Profit | ₹257 Cr 8.9% | ₹282 Cr 43.1% | ₹197 Cr 6.2% | ₹210 Cr 9.4% | ₹192 Cr 7.3% | ₹179 Cr 2.7% | ₹184 Cr 2.8% | ₹179 Cr |
| OPM | 37.0% 15.9% | 44.0% 29.4% | 34.0% 2.9% | 35.0% 9.4% | 32.0% 14.3% | 28.0% 0.0% | 28.0% 0.0% | 28.0% |
| Net Profit | ₹193 Cr 12.9% | ₹171 Cr 59.8% | ₹107 Cr 9.3% | ₹118 Cr 1.7% | ₹116 Cr 9.4% | ₹106 Cr 7.0% | ₹114 Cr 8.6% | ₹105 Cr |
| EPS (₹) | 22.67 13.1% | 20.05 59.5% | 12.57 9.4% | 13.88 1.8% | 13.64 9.3% | 12.48 6.4% | 13.33 7.8% | 12.36 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.5K Cr 1.9% | ₹2.5K Cr 10.3% | ₹2.8K Cr 31.1% | ₹2.1K Cr 43.6% | ₹1.5K Cr 16.5% | ₹1.8K Cr 19.6% | ₹2.2K Cr 7.8% | ₹2.0K Cr 11.4% | ₹1.8K Cr |
| Expenses | ₹1.6K Cr 5.7% | ₹1.7K Cr 16.7% | ₹2.1K Cr 32.1% | ₹1.6K Cr 42.7% | ₹1.1K Cr 18.6% | ₹1.3K Cr 27.8% | ₹1.9K Cr 9.4% | ₹1.7K Cr 10.8% | ₹1.5K Cr |
| Op. Profit | ₹909 Cr 18.8% | ₹765 Cr 9.0% | ₹702 Cr 28.1% | ₹548 Cr 46.1% | ₹375 Cr 9.6% | ₹415 Cr 27.3% | ₹326 Cr 0.6% | ₹328 Cr 14.3% | ₹287 Cr |
| OPM | 36.0% 16.1% | 31.0% 24.0% | 25.0% 3.8% | 26.0% 4.0% | 25.0% 4.2% | 24.0% 60.0% | 15.0% 6.3% | 16.0% 0.0% | 16.0% |
| Other Income | ₹74 Cr 1.3% | ₹75 Cr 11.8% | ₹85 Cr 74.6% | ₹335 Cr 830.6% | ₹36 Cr 95.8% | ₹862 Cr 5646.7% | ₹15 Cr 87.5% | ₹8 Cr 80.0% | ₹40 Cr |
| Interest | ₹14 Cr 7.7% | ₹13 Cr 85.7% | ₹7 Cr 133.3% | ₹3 Cr 50.0% | ₹6 Cr 93.0% | ₹86 Cr 16.5% | ₹103 Cr 11.2% | ₹116 Cr 0.0% | ₹116 Cr |
| Depreciation | ₹235 Cr 9.8% | ₹214 Cr 6.5% | ₹201 Cr 11.0% | ₹181 Cr 2.8% | ₹176 Cr 0.6% | ₹177 Cr 11.1% | ₹199 Cr 3.4% | ₹206 Cr 5.6% | ₹195 Cr |
| PBT | ₹733 Cr 19.4% | ₹614 Cr 6.0% | ₹579 Cr 17.0% | ₹698 Cr 204.8% | ₹229 Cr 77.4% | ₹1.0K Cr 2497.4% | ₹39 Cr 200.0% | ₹13 Cr 18.8% | ₹16 Cr |
| Tax % | 25.0% 3.8% | 26.0% 4.0% | 25.0% 7.4% | 27.0% 20.6% | 34.0% 21.4% | 28.0% 20.0% | 35.0% 266.7% | -21.0% 5.0% | -20.0% |
| Net Profit | ₹549 Cr 20.7% | ₹455 Cr 4.8% | ₹434 Cr 14.4% | ₹507 Cr 235.8% | ₹151 Cr 79.2% | ₹727 Cr 2696.2% | ₹26 Cr 62.5% | ₹16 Cr 15.8% | ₹19 Cr |
| EPS (₹) | 64.37 20.7% | 53.33 4.8% | 50.9 14.4% | 59.47 235.6% | 17.72 79.2% | 85.27 2732.9% | 3.01 58.4% | 1.9 14.8% | 2.23 |
| Div Payout | 19.0% 13.6% | 22.0% 8.3% | 24.0% 4.3% | 23.0% 35.3% | 17.0% 41.7% | 12.0% 76.0% | 50.0% 5.7% | 53.0% 55.9% | 34.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹85 Cr 0.0% | ₹85 Cr 0.0% | ₹85 Cr 0.0% | ₹85 Cr 0.0% | ₹85 Cr 0.0% | ₹85 Cr 0.0% | ₹85 Cr 0.0% | ₹85 Cr 0.0% | ₹85 Cr 0.0% | ₹85 Cr |
| Reserves | ₹3.9K Cr 4.7% | ₹3.7K Cr 10.4% | ₹3.4K Cr 10.7% | ₹3.1K Cr 16.2% | ₹2.6K Cr 22.4% | ₹2.1K Cr 3.0% | ₹2.1K Cr 51.6% | ₹1.4K Cr 0.9% | ₹1.4K Cr 0.7% | ₹1.4K Cr |
| Borrowings | ₹67 Cr 59.5% | ₹42 Cr 100.0% | ₹21 Cr 4.5% | ₹22 Cr 8.3% | ₹24 Cr 242.9% | ₹7 Cr 93.5% | ₹108 Cr 91.0% | ₹1.2K Cr 6.5% | ₹1.3K Cr 11.3% | ₹1.4K Cr |
| Other Liabilities | ₹1.3K Cr 2.1% | ₹1.3K Cr 2.7% | ₹1.3K Cr 6.3% | ₹1.2K Cr 3.1% | ₹1.3K Cr 22.2% | ₹1.0K Cr 7.7% | ₹970 Cr 27.8% | ₹759 Cr 11.6% | ₹680 Cr 5.8% | ₹722 Cr |
| Total Liabilities | ₹5.4K Cr 4.4% | ₹5.1K Cr 7.0% | ₹4.8K Cr 9.2% | ₹4.4K Cr 9.5% | ₹4.0K Cr 22.2% | ₹3.3K Cr 1.1% | ₹3.3K Cr 5.0% | ₹3.4K Cr 0.2% | ₹3.4K Cr 5.4% | ₹3.6K Cr |
Assets | ||||||||||
| Fixed Assets | ₹1.9K Cr 1.2% | ₹1.9K Cr 5.7% | ₹1.8K Cr 3.4% | ₹1.8K Cr 5.7% | ₹1.9K Cr 6.0% | ₹2.0K Cr 2.3% | ₹2.0K Cr 5.9% | ₹2.2K Cr 13.5% | ₹2.5K Cr 2.9% | ₹2.6K Cr |
| CWIP | ₹1.3K Cr 29.8% | ₹975 Cr 101.9% | ₹483 Cr 114.7% | ₹225 Cr 230.9% | ₹68 Cr 300.0% | ₹17 Cr 67.9% | ₹53 Cr 20.5% | ₹44 Cr 22.2% | ₹36 Cr 55.0% | ₹80 Cr |
| Investments | ₹62 Cr 16.2% | ₹74 Cr 48.0% | ₹50 Cr 56.3% | ₹32 Cr 255.6% | ₹9 Cr 125.0% | ₹4 Cr | ₹0 Cr | ₹0 Cr 100.0% | ₹58 Cr 4.9% | ₹61 Cr |
| Other Assets | ₹2.1K Cr 3.4% | ₹2.2K Cr 11.5% | ₹2.5K Cr 2.9% | ₹2.4K Cr 14.9% | ₹2.1K Cr 62.3% | ₹1.3K Cr 9.8% | ₹1.2K Cr 4.3% | ₹1.2K Cr 47.9% | ₹821 Cr 8.3% | ₹895 Cr |
| Total Assets | ₹5.4K Cr 4.4% | ₹5.1K Cr 7.0% | ₹4.8K Cr 9.2% | ₹4.4K Cr 9.5% | ₹4.0K Cr 22.2% | ₹3.3K Cr 1.1% | ₹3.3K Cr 5.0% | ₹3.4K Cr 0.2% | ₹3.4K Cr 5.4% | ₹3.6K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹786 Cr 34.6% | ₹584 Cr 33.6% | ₹437 Cr 30.5% | ₹629 Cr 6.8% | ₹589 Cr 73.7% | ₹339 Cr 3.7% | ₹327 Cr 13.0% | ₹376 Cr 49.2% | ₹252 Cr 14.0% | ₹293 Cr |
| Investing CF | ₹-705 Cr 46.0% | ₹-1.3K Cr 142.1% | ₹-539 Cr 76.1% | ₹-306 Cr 412.2% | ₹98 Cr 281.5% | ₹-54 Cr 105.5% | ₹981 Cr 1443.8% | ₹-73 Cr 23.7% | ₹-59 Cr 53.9% | ₹-128 Cr |
| Financing CF | ₹-116 Cr 3.6% | ₹-112 Cr 6.7% | ₹-105 Cr 11.8% | ₹-119 Cr 325.0% | ₹-28 Cr 86.1% | ₹-201 Cr 83.2% | ₹-1.2K Cr 452.3% | ₹-216 Cr 17.2% | ₹-261 Cr 226.3% | ₹-80 Cr |
| Net Cash Flow | ₹-35 Cr 95.8% | ₹-833 Cr 300.5% | ₹-208 Cr 202.5% | ₹203 Cr 69.2% | ₹659 Cr 684.5% | ₹84 Cr 27.0% | ₹115 Cr 32.2% | ₹87 Cr 227.9% | ₹-68 Cr 180.0% | ₹85 Cr |
| Free Cash Flow | ₹25 Cr 103.4% | ₹-739 Cr 481.9% | ₹-127 Cr 145.4% | ₹280 Cr 38.3% | ₹454 Cr 53.4% | ₹296 Cr 7.2% | ₹276 Cr 3.5% | ₹286 Cr 55.4% | ₹184 Cr 15.0% | ₹160 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 73d 28.1% | 57d 9.5% | 63d 34.0% | 47d 35.6% | 73d 27.7% | 101d 27.8% | 79d 29.5% | 61d 3.2% | 63d 11.3% | 71d |
| Inventory Days | 79d 14.5% | 69d 115.6% | 32d 45.5% | 22d 40.5% | 37d 48.6% | 72d 26.3% | 57d 13.6% | 66d 27.5% | 91d 10.8% | 102d |
| Days Payable | 370d 6.0% | 349d 48.5% | 235d 50.6% | 156d 50.0% | 312d 34.6% | 477d 45.9% | 327d 11.6% | 293d 15.8% | 348d 22.1% | 447d |
| Cash Conv. Cycle | -217d 3.1% | -224d 61.2% | -139d 59.8% | -87d 56.9% | -202d 33.3% | -303d 59.5% | -190d 14.5% | -166d 14.4% | -194d 29.2% | -274d |
| Working Capital Days | -40d 37.9% | -29d 163.6% | -11d 22.2% | -9d 200.0% | -3d 125.0% | 12d 148.0% | -25d 65.8% | -73d 5.8% | -69d 1.4% | -70d |
| ROCE | 18.0% 5.9% | 17.0% 0.0% | 17.0% 19.0% | 21.0% 23.5% | 17.0% 70.0% | 10.0% 0.0% | 10.0% 100.0% | 5.0% 0.0% | 5.0% | — |
Source: Screener.in · Lower days = better efficiency