LINDEINDIA

Linde India Ltd.

NSE: LINDEINDIA

BSE: 523457

Sector: Chemicals

Industry Group: Chemicals & Petrochemicals

Industry: Industrial Gases

6,935.50-167.5 (-2.36%)

8 Jul, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

92.2 / 100

Value Score

6.8 / 100

Price Momentum Score

81.1 / 100

QVM Score

67.9 / 100

Key Metrics

Market Cap

59148.70

P/E (TTM)

107.75

P/B

13.86

P/S (TTM)

23.37

EV/EBITDA

65.00

CAPE (5Y)

135.67

ROE (TTM)

13.58

ROCE (TTM)

16.43

ROA (TTM)

10.03

Avg 3Y ROE

12.85

Earnings 3Y CAGR

5.16

Sales 3Y CAGR

-0.91

Sales 5Y CAGR

10.51

Debt/Equity

0.02

Consensus TP

6115.00

Strong Buy %

0.00

Promoter Holding

75.00

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Linde India Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong price momentum

Price Momentum score of 81.1 indicates that the stock has strong price momentum. Research has shown that stocks with higher momentum continue to outperform in the near term

What is Price Momentum score?

81.1 / 100

High and improving operating margin

The company reported strong operating margin of 26.64% for 12-month ended 31 Mar 2026 and operating margin improved by 446 bps from 1 year ago

What is Operating profit margin?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.02 as on 31 Mar 2026 and Debt to Equity increased marginally by 0.01 in the last 1 year

What is Debt to Equity?

Company's earnings are of high quality

Earnings quality score of 73.9 indicates that the company's earnings are of high quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

73.9 / 100

Consistently pays dividend

The company has not missed dividend payments once in the last 3 financial years

What is Dividend streak?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Expensive and at a premium to industry median P/E

PE TTM of 107.75 indicates that the stock is expensive on a standalone basis and is at a 89.27% premium to industry median P/E

What is P/E Ratio?

Median: 56.93

Value 107.75

15.79361.42

Analysts have been downgrading forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has decreased by -0.28% in the last 3 months, indicating weak earnings momentum

What is Earnings upgrade (3M)?

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of 1.82% for 12-month ended 31 Mar 2026 and the growth was 2.09 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 3.91

Value 1.82

-43.4295.72

Low dividend yield

The company has a low dividend yield of 0.06%

What is Dividend yield?

Neutral

Moderate and stable ROE

The company reported moderate ROE of 13.58% for 12-month ended 31 Mar 2026 and ROE improved marginally by 110 bps from 1 year ago

What is ROE (FY)?

Strong EPS growth but lower than median growth of industry

The company delivered strong EPS growth of 20.69% for 12-month ended 31 Mar 2026 but the growth was 2.69 percentage points lower than median growth ofindustry

What is EPS growth (1Y)?

Financial Snapshot

See detailed analysis

Multi-year trends for Linde India Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Linde India Ltd. Shareholding Pattern

Quarterly breakdown of Linde India Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Total Promoter	75.03	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00
Indian Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign Promoter	75.03	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00
Institutions	15.00	14.70	14.06	13.95	13.04	12.02	11.09	10.83	10.90	10.62	10.54	10.60	10.77	10.61	10.33	9.46	9.77	9.86	9.30	9.08	9.11	9.13	9.10	8.98	8.93
Mutual Funds / UTI	10.78	10.64	10.73	10.73	10.85	9.89	8.17	7.76	7.80	7.46	7.25	7.27	7.49	7.28	6.96	6.71	6.94	6.34	6.37	6.30	6.03	6.17	6.29	6.49	6.44
FI/Bank/Insurance	1.49	1.49	0.59	0.58	0.56	0.56	0.53	0.50	0.50	0.50	0.50	0.51	0.50	0.46	0.46	0.49	0.48	0.48	0.49	0.48	0.42	0.42	0.42	0.42	0.41
Govt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	1.98	1.83	1.99	2.05	1.62	1.55	2.38	2.56	2.59	2.65	2.77	2.80	2.77	2.85	2.89	2.25	2.31	3.03	2.42	2.27	2.63	2.51	2.35	2.03	2.05
Other Institutions	0.75	0.73	0.74	0.59	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.03	0.02	0.02	0.03	0.04	0.03	0.04	0.04	0.03
Non-Institution	9.97	10.30	10.94	11.05	11.96	12.98	13.91	14.17	14.10	14.38	14.45	14.40	14.23	14.38	14.67	15.53	15.24	15.14	15.70	15.93	15.89	15.87	15.90	16.02	16.07
Bodies Corporate	1.45	1.28	1.20	0.98	0.93	0.42	0.53	1.53	1.42	1.45	1.41	1.41	1.40	1.41	1.46	1.54	1.60	1.53	1.75	1.78	1.78	1.75	1.77	1.86	1.88
Others (incl. Retail) No. of shareholders	8.52 19,074	9.02 20,258	9.74 23,327	10.07 22,257	11.03 23,401	12.56 45,644	13.38 46,505	12.64 45,675	12.68 47,891	12.93 51,265	13.04 50,253	12.99 49,746	12.83 43,807	12.97 43,487	13.21 49,022	13.99 53,953	13.64 51,543	13.61 59,388	13.95 62,509	14.15 65,997	14.11 66,754	14.12 67,965	14.13 67,249	14.16 65,795	14.19 62,328

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Chemicals & Petrochemicals	8.12%	4 / 20
2	Nifty MNC	1.46%	21 / 30
3	Nifty Midcap 150	0.38%	101 / 149
4	NIFTY Large Midcap 250	0.2%	168 / 250
5	Nifty 500	0.08%	238 / 499
6	Nifty Total Market	0.08%	231 / 749

Prominent Investor Holdings

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Linde India Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
Marshall Wace Investment Strategies - Eureka Fund	16 Aug 2024	sell	₹ 7,163.65	49.81 k	₹ 35.68 cr
Bofa Securities Europe Sa	16 Aug 2024	buy	₹ 7,163.65	49.81 k	₹ 35.68 cr
Ishares Msci India Small-Cap Etf	25 Oct 2022	buy	₹ 3,110.65	7.35 k	₹ 2.29 cr
Ishares India Sc Mauritius Company	25 Oct 2022	sell	₹ 3,110.65	7.35 k	₹ 2.29 cr
Ishares Core Msci Emerging Markets Etf	25 Oct 2022	buy	₹ 3,110.65	52.86 k	₹ 16.44 cr
Ishares Core Emerging Markets Mauritius Co	25 Oct 2022	sell	₹ 3,110.65	52.86 k	₹ 16.44 cr
Ishares India Sc Mauritius Company	17 Oct 2022	sell	₹ 3,150.50	7.34 k	₹ 2.31 cr
Ishares Msci India Small-Cap Etf	17 Oct 2022	buy	₹ 3,150.50	7.34 k	₹ 2.31 cr
Ishares Core Msci Emerging Markets Etf	17 Oct 2022	buy	₹ 3,150.50	52.81 k	₹ 16.64 cr
Ishares Core Emerging Markets Mauritius Co	17 Oct 2022	sell	₹ 3,150.50	52.81 k	₹ 16.64 cr

Corporate Actions

History of Linde India Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 12/share
Record date: 6th Aug 2026Ex-date: 6th Aug 2026
Announced on: 31st May 2026
Dividend₹ 4.50/share
Record date: 7th Aug 2025Ex-date: 7th Aug 2025
Announced on: 23rd May 2025
Dividend₹ 7.50/share
Record date: 7th Aug 2025Ex-date: 7th Aug 2025
Announced on: 23rd May 2025
Dividend₹ 4/share
Record date: 5th Aug 2024Ex-date: 5th Aug 2024
Announced on: 28th May 2024
Dividend₹ 8/share
Record date: 5th Aug 2024Ex-date: 5th Aug 2024
Announced on: 28th May 2024

Company Profile

Overview of Linde India Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Linde India Limited is an India-based industrial gases and engineering company. It operates through two segments: Gases and Related Products & Services, and Project Engineering. Gases and Related Products & Services comprise the manufacture and sale of industrial, medical and special gases, as well ...

Key personnel

Mr. Ajay Kumar Sah

Interim Chief Financial Officer

Sri. Amit Dhanuka

Compliance Officer, Company Secretary

Mr. Pawan Marda

Investor Relation

Mr. Michael James DevineD

Non-Executive Chairman of the Board

Mr. Milan SadhukhanD

Managing Director, Additional Director

Ms. Mannu SanganeriaD

Non-Executive Director

Mr. Subba Rao AmarthaluruD

Non-Executive Independent Director

Mr. Gobichettipalayam Sreenivasan KrishnanD

Additional Non-Executive Independent Director

View all

Incorporated on

24 Jan 1935

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

IPO date

14 Nov 1994

Free Float

1,87,66,932

Website

http://www.linde.in/en/about_linde_india_limited/index.html

Phone no.

+913366021600

Address

Oxygen House, P43, Taratala Road, KOLKATA, 700088, India

Frequently Asked Questions

What is the current share price of Linde India Ltd.?

The current share price of Linde India Ltd. is ₹ 6,935.50 as of 8 Jul 2026.

What is the market capitalisation of Linde India Ltd.?

The market capitalisation of Linde India Ltd. stands at ₹ 59,148.70 Cr.

What is the PE ratio of Linde India Ltd.?

The Price-to-Earnings (PE) ratio of Linde India Ltd. is 107.75 as of the latest trailing twelve months data.

What is the ROE and ROCE of Linde India Ltd.?

Linde India Ltd. has a Return on Equity (ROE) of 13.58% and a Return on Capital Employed (ROCE) of 16.43% as per the latest financial reports.

What is the 52-week high and low of Linde India Ltd.?

The 52-week high of Linde India Ltd. is - and the 52-week low is -.

What is the dividend yield of Linde India Ltd.?

The dividend yield of Linde India Ltd. is 0.06% based on the current market price.

What is the FII and DII holding in Linde India Ltd.?

Foreign Institutional Investors (FII) hold 2.05%, Domestic Institutional Investors (DII) hold 6.85% and retail/public investors hold 14.19% of Linde India Ltd. shares.

What sector does Linde India Ltd. belong to?

Linde India Ltd. operates in the Chemicals sector. 33.33% of analysts have a Buy or Strong Buy rating on Linde India Ltd. with a consensus target price of ₹ 6,115.00, implying 11.83% downside from current levels.

What is the beta of Linde India Ltd.?

The beta of Linde India Ltd. is 0.69, indicating its price volatility relative to the broader market. Over the past 1 year, Linde India Ltd. has delivered an absolute return of 4.21%.

What is the RSI of Linde India Ltd.?

The 14-day Relative Strength Index (RSI) of Linde India Ltd. is 41.52, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Linde India Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Linde India Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Corporate Actions

Company Profile

Holdings and Presence