Linde India Ltd Stock Analysis

BSE: 523457 | NSE: LINDEINDIA | Industrial Gases & Fuels | Large Cap

BSE Share Price 02-Dec-2022 18:01
3114.00 79.55 (2.62%)

DeciZen - Make an Informed Decision on Linde India

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Linde India Price Chart

P/E Ratio (SA) :
66.02
Market Cap :
26,557.5 Cr.
52-wk low :
2,291
52-wk high :
4,192.4
Bole Toh?

1. Is Linde India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Linde India Ltd is a average quality company.

2. Is Linde India Ltd undervalued or overvalued?

The key valuation ratios of Linde India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Linde India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Linde India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Linde India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Linde India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21TTM
ROCE % 3%3.5%2.5%2.9%3%3.8%4.2%8.2%7%12.7%-
Value Creation Index -0.8-0.8-0.8-0.8-0.8-0.7-0.7-0.4-0.50.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,3241,4281,4911,5671,8252,0332,1921,7621,4712,1122,452
YoY Gr. Rt. %-7.9%4.4%5.1%16.5%11.4%7.8%-19.6%-16.5%43.6%-
Adj EPS 4.850.12.20.32.94.516.417.836.247.2
YoY Gr. Rt. %-3.8%-98.6%3100%-86.6%850%57.9%265.1%8.2%103.6%-
BVPS (₹) 156.2167.2162.8163.2163.6165.1167.3250.6258.4315.5340
Adj Net Profit 40.742.20.619.12.624.338.4140152309402
Cash Flow from Ops. 96.3229271242293252376327339589-
Debt/CF from Ops. 11.46.75.85.74.95.13.20.300-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.3%3%-1.2%43.6%
Adj EPS 25.2%160.8%100.3%103.6%
BVPS 8.11423.622.1
Share Price 22.8% 44% 69.7% 25.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21TTM
Return on Equity % 3.13.101.40.21.72.77.9712.614.4
Op. Profit Mgn % 15.318.717.714.715.716.215.223.825.925.922.8
Net Profit Mgn % 3.1301.20.11.21.8810.314.616.4
Debt to Equity 0.81.11.1110.90.80.100-
Working Cap Days 3333163212371551361532012251730
Cash Conv. Cycle 1824221716160-12-330

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.40%

Net Profit is growing at healthy rate in last 3 years 100.31%

Sales growth is good in last 4 quarters at 26.26%

Sales growth has been subdued in last 3 years -1.23%

Latest Financials - Linde India Ltd.

Standalone Consolidated
TTM EPS (₹) 47.2 46.5
TTM Sales (₹ Cr.) 2,452 2,452
BVPS (₹.) 340 342.4
Reserves (₹ Cr.) 2,815 2,835
P/BV 9.16 9.09
PE 66.02 66.96
From the Market
52 Week Low / High (₹) 2291.00 / 4192.35
All Time Low / High (₹) 14.65 / 4192.35
Market Cap (₹ Cr.) 26,558
Equity (₹ Cr.) 85.3
Face Value (₹) 10
Industry PE 9.7

Management X-Ray of Linde India :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Linde India

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Linde India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Linde India on 02-Dec-2022 18:01 is : 3,114.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 02-Dec-2022 18:01 the market cap of Linde India stood at ₹ 26,557.5.
The latest PE ratio of Linde India as of 02-Dec-2022 18:01 is 66.02.
The latest PB ratio of Linde India as of 02-Dec-2022 18:01 is 9.16
The 52-week high of Linde India is ₹ 4,192.4 and the 52-week low is ₹ 2,291.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Linde India is ₹ 2,452 ( Cr.) .

About Linde India Ltd

Linde India formerly BOC India (BOCI) is engaged in manufacturing of industrial gases and undertaking engineering projects. Incorporated in 1935 as the Indian Oxygen and Acetylene Company, it is subsidiary of the Linde Group.

The company supplies more than 20,000 gases and mixtures - that makes steel plants more efficient, helps conserving environment, preservation of food, helping hospitals sustain lives and in general makes customers more productive.

The company owns one of the Asia’s largest air separation units. The company owns more than 20 manufacturing units, 40 warehouses and depots, 100 dealers and more than 100 dedicated tankers in the distribution fleet.

Products

Industrial Gases- BOCI is the largest industrial gases company in India. It produces range of industrial gases that includes atmospheric gases and process gases. Under atmospheric gases, it produces Argon, Nitrogen, Oxygen, Krypton, Xenon and Neon.

Under process Gases it produces Hydrogen, Helium, Carbon dioxide, Acetylene, and Speciality gases. The company has capability to produces gases in pure form or in mixtures for a very wide variety of industrial purposes.

Medical Gases- The company is largest supplier of medical gases in India. Under this the company produces medical oxygen, nitrous oxide, home care products, oxygen concentrators and entonox.

Speciality Gases- The company manufactures and markets 20,000 special gases and mixtures. These gases cater to various industries such as Petrochemicals, Pharmaceuticals, Electronics, Semi-conductor, Paper, Cement, Power, Refineries, Hospitals and Universities.

Projects- This division is engineering and technology centre that is engaged in design, project engineering and execution. The company has an engineering and execution experience in the field of  steel manufacturing, food processing, electronics, waste water treatment, chemical processes, coating high performance glass, metal cutting and fabrication, high pressure water de-scaling, surface treatment of raw materials, sophisticated clean room engineering processes, fertilizers, petrochemicals, defence, space research and many others.

Important events

2010
Enters North India market with its stand alone ASU of 221 tpd capacity

2011

Brings on stream its 420 tpd ASU in Kalinganagar, Odisha for Jindal Stainless
Acquisition of Cryogenic Food Gases
Commencement of commercial Production at the Company's 418 tpd Air Separation Unit at Kalinganagar, Orissa.

2012

Starts construction of two large ASUs in Kalinganagar in Odisha, each with a capacity 1,200 tpd of gases to supply Tata Steel's greenfield steelworks from 2014
Company has changed its name from BOC India Ltd. to Linde India Ltd.

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