Linde India
- Market cap
- ₹ 48,586 Cr.
- P/E
- 89.4x
- P/B
- 11.79x
- 52-week range
- 5,614.5 – 8,049
- ROE
- 14%
- ROCE
- 18%
- Dividend yield
- 0.1%
- Debt / equity
- 0.02
- Sector
- Chemicals & Petrochemicals
- Industry
- Industrial Gases
- Listed on
- NSE, BSE
About
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 as related products and services. Gases and Related Products & Services segment includes onsite, bulk, and packaged gas solutions tailored to the needs of diverse industries. The Project Engineering segment comprises the sale of cryogenic and non-cryogenic air separation plants and projects. Its portfolio includes a range of industrial and specialty gases, mixtures, equipment, and engineering services. It supplies pipeline gases to large-scale industries, such as primary steel, glass, and chemicals, ensuring uninterrupted and efficient supply. It also covers nitrogen plants, pressure swing adsorption systems, and complete gas distribution solutions. Its operations span over 80 countries.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Industrial Gases: 8 companies →Linde India against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)89.4 against a typical 66: pricier than most peers (1st = cheapest).5th of 8
- Sales growth+21.5% against a typical −32.5% from a year earlier.1st of 7
- Profit growth−1.9% against a typical +84.2% from a year earlier.3rd of 3
- Share price, 3 months−13.8% against a typical −9.8%.5th of 7
- Size₹ 48,586.4 Cr. market value against a typical ₹ 2,120.9 Cr. (1st = largest).1st of 7
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 3 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 11 Aug 2026 | Financial Results | Please find enclosed our letter no. Sect/68 dated 10 August 2026 regarding updates on adjournment of Board Meeting for approval of the Unaudited Financial Results of the Company for the quarter ended 30 June 2026. You are requested to please take the above on record. |
| 10 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 30 May 2026 | Financial Results/Dividend | This is to inform you that a meeting of the Board of Directors of the Company has been scheduled to be held on Saturday, 30 May 2026, to inter-alia, consider and approve the Audited Standalone and Consolidated Financial Results of the Company, for the quarter and financial year ended 31 March 2026 and to recommend dividend, if any, on the equity shares of the Company for the financial year ended 31 March 2026. |
| 9 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 6 Nov 2025 | Financial Results | To consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30 September 2025 |
| 7 Aug 2025 | Financial Results | To consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30 June 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 711 | 706 | 630 | 653 | 634 | 606 | 592 | 571 | 644 | 701 | 614 | 694 |
| Expenses | 538 | 520 | 452 | 469 | 456 | 414 | 382 | 374 | 362 | 444 | 441 | 494 |
| Operating Profit | 174 | 186 | 179 | 184 | 179 | 192 | 210 | 197 | 282 | 257 | 173 | 201 |
| OPM % | 24% | 26% | 28% | 28% | 28% | 32% | 35% | 34% | 44% | 37% | 28% | 29% |
| Other Income | 19 | 22 | 18 | 19 | 16 | 19 | 13 | 4 | 4 | 53 | 6 | 6 |
| Interest | 1 | 1 | 4 | 2 | 2 | 2 | 7 | 3 | 3 | 6 | 3 | 6 |
| Depreciation | 50 | 51 | 52 | 51 | 52 | 55 | 56 | 56 | 56 | 62 | 61 | 62 |
| Profit before tax | 141 | 156 | 141 | 150 | 141 | 155 | 161 | 142 | 226 | 243 | 115 | 138 |
| Tax % | 24% | 25% | 26% | 25% | 26% | 26% | 27% | 26% | 25% | 21% | 26% | 25% |
| Net Profit | 107 | 117 | 104 | 112 | 104 | 114 | 118 | 105 | 169 | 192 | 85 | 103 |
| EPS in Rs | 12.51 | 13.74 | 12.23 | 13.08 | 12.24 | 13.37 | 13.82 | 12.32 | 19.82 | 22.46 | 9.99 | 12.08 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 5%
- 5 Years
- 11%
- 3 Years
- −7%
- TTM
- 10%
- 10 Years
- 41%
- 5 Years
- 30%
- 3 Years
- 1%
- TTM
- 24%
- 10 Years
- 33%
- 5 Years
- 28%
- 3 Years
- 5%
- TTM
- —
- 10 Years
- 11%
- 5 Years
- 14%
- 3 Years
- 13%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Linde India | ₹ 5,724.00 | ₹ 48,586 Cr. | 89.4x | 11.8x | 14% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 99.6x | 26.6x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.6x | 6.1x | 13.8% | 11.6% |
| Coromandel International | ₹ 1,723.60 | ₹ 50,876 Cr. | 29.6x | 4.8x | 16.6% | 6% |
Management
- Ajay Kumar Sah
- Interim Chief Financial Officer
- Amit Dhanuka
- Compliance Officer, Company Secretary
- Milan Sadhukhan
- Managing Director, Additional Director
Prices are delayed and for information only. Nothing on this page is investment advice.