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Linde India Limited (LINDEINDIA.NS)

INR7,028.00 -53.50 (-0.76%)
IN NSE Basic Materials Chemicals - Specialty
Address Oxygen House 700088
Kolkata, IN
CEO Milan Sadhukhan
Website linde.in
IPO 2000-06-22
ISIN INE473A01011

Explore sections of this company profile

Also trades on Bombay Stock Exchange · LINDEINDIA.BO (INR) National Stock Exchange of India · LINDEINDIA.NS (INR)
Description

Linde India Limited is a leading industrial gases enterprise operating within India. Its business is structured into two principal divisions: Gases and Related Products, and Project Engineering. The Gases and Related Products segment primarily manufactures and distributes essential industrial gases such as oxygen, nitrogen, and argon. Its supply channels include pipeline delivery to heavy industries like steel, glass, and chemical manufacturing; liquefied gas transport in cryogenic tankers for a variety of industrial applications; and compressed gas in cylinders for the fabrication, manufacturing, and construction sectors. Additionally, this division caters to the healthcare industry, offering medical gases like oxygen, synthetic air, and nitrous oxide for pharmaceutical use, alongside providing comprehensive medical gas distribution systems for hospitals. The Project Engineering division specializes in the end-to-end execution of air separation plants and related turnkey projects. This encompasses everything from design and engineering to supply, installation, testing, and commissioning. This segment also fabricates a diverse range of specialized components, including distillation columns for air separation, cryogenic liquid storage tanks, ambient and steam bath vaporizers, process vessels, LINIT plants, small-sized cold boxes, and containerized micro plants for cylinder filling, serving both internal requirements and external clients. Beyond these core offerings, the company supplies a broad spectrum of gases and mixtures, complemented by extensive related services such as the construction and installation of plants, equipment, and pipelines, along with associated engineering services for various industries. Founded in 1935 and headquartered in Kolkata, India, the company rebranded as Linde India Limited in February 2013, having previously operated as BOC India Limited. It functions as a subsidiary of The BOC Group Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR7,028.00 -53.50 (-0.76%)
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Volume Profile
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Liquidity & share structure
Average Volume
45.3K
Beta
-0.06
Float Shares
18.42M
Free Float %
21.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.95% -3.20% -1.78% +6.84% +20.52% +20.73% -4.39% +81.74% +349.77% +2,477.52% +3,934.79%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
7,028.00
DCF (Unlevered) 38.21 -99.5%
DCF (Levered) 3,479.57 -50.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 33% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 1 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
24.73
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Chemicals - Specialty: +4.7%
    +1.8% Q1'26: +3.8% (vs Q1'25)
  • EPS growth Chemicals - Specialty: +13.2%
    +20.7% Q1'26: -34.6% (vs Q1'25)
  • FCF margin FCF growth · Chemicals - Specialty: +44.1%
    +21.5% Q1'26: +8.4% (vs Q1'25)
  • EBIT margin Chemicals - Specialty: +8.8%
    +26.6% Q1'26: +18.3% (vs Q1'25)
  • ROIC Chemicals - Specialty: +5.6%
    +11.9% Q1'26: +7.1% (vs Q1'25)
  • Share dilution Chemicals - Specialty: +0.1%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Chemicals - Specialty: 0.18×
    0.09× Q1'26: 0.11× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.06) × ERP
WACC = 100% × Ke + 0% × Kd (18.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 38.21 Current price: 7,028.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
3 Rev. Ana.
2 EPS Ana.
Mar 2027
3 Rev. Ana.
3 EPS Ana.
Mar 2028
3 Rev. Ana.
3 EPS Ana.
Revenue
25.05B
est: 28.51B (-12.1%)
27.68B
est: 28.89B (-4.2%)
24.85B
est: 26.71B (-7.0%)
26.23B
26.11B – 26.30B
-1.8% YoY
29.62B
25.43B – 36.68B
+12.9% YoY
34.13B
29.13B – 43.09B
+15.2% YoY
EBITDA
6.84B
est: 7.98B (-14.2%)
7.87B
est: 10.81B (-27.2%)
8.40B
est: 8.51B (-1.3%)
8.35B
8.32B – 8.38B
-1.8% YoY
9.43B
8.10B – 11.68B
+12.9% YoY
10.87B
9.28B – 13.72B
+15.2% YoY
EBIT
4.82B
est: 5.46B (-11.8%)
5.86B
est: 9.31B (-37.1%)
6.26B
est: 7.39B (-15.3%)
7.25B
7.22B – 7.27B
-1.8% YoY
8.19B
7.03B – 10.15B
+12.9% YoY
9.44B
8.06B – 11.92B
+15.2% YoY
Net Income
4.39B
est: 6.03B (-27.2%)
4.34B
est: 6.43B (-32.5%)
4.55B
est: 5.74B (-20.8%)
5.64B
5.62B – 5.66B
-1.8% YoY
6.11B
5.34B – 7.58B
+8.2% YoY
7.43B
6.39B – 9.40B
+21.6% YoY
SGA
231.89M
est: 1.52B (-84.8%)
544.63M
est: 1.54B (-64.7%)
564.78M
est: 661.55M (-14.6%)
649.51M
646.67M – 651.32M
-1.8% YoY
733.49M
629.82M – 908.51M
+12.9% YoY
845.21M
721.46M – 1.07B
+15.2% YoY
EPS
51.45
est: 70.70 (-27.2%)
50.90
est: 75.40 (-32.5%)
53.33
est: 67.35 (-20.8%)
66.15
65.90 – 66.40
-1.8% YoY
71.60
62.63 – 88.84
+8.2% YoY
87.10
74.87 – 110.18
+21.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-27 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-26 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-25 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-3.05B
OE per share TTM
-35.82
Owner's Yield
-0.50%
Maintenance CapEx ratio
82.00%
Maint CapEx / Avg PPE
107.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 24 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard Emerging Markets Ex-China ETF VEXC 0.02% 42.7K 0.07%
2 Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing VDEM.L 0.01% 792.0K 0.17%
3 Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating VFEA.L 0.01% 792.0K 0.17%
4 Schwab Emerging Markets Equity ETF SCHE 0.01% 1.74M 0.06%
5 Vanguard FTSE Asia ex Japan Shares Index ETF VAE.AX 0.01% 77.5K 0.40%
6 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.01% 382.0K 0.26%
7 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.01% 169.3K 0.48%
8 Vanguard FTSE Emerging Markets ETF VWO 0.01% 18.85M 0.06%
9 Vanguard ESG International Stock ETF VSGX 0.00% 307.3K 0.10%
10 Vanguard All-World ex-US Shares Index ETF VEU.AX 0.00% 149.2K 0.04%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
25.06M
Shares Outstanding
85.28M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Milan Sadhukhan MD & Executive Director 6M male
Ajay Kumar Sah Interim Chief Financial Officer male
Amit Dhanuka Company Secretary & Compliance Officer male
Arabinda Adhikari Head of Project Engineering Division male
Shobhit Sinha Head of Corporate Communications
Sneha Bajpai Head of HR & Administration female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits