What is Linde India Ltd (LINDEINDIA) share price return in the past 10 years?

Linde India Ltd share price has appreciated 38% annually (CAGR) over the past ten years.

What is the share price of Linde India Ltd (LINDEINDIA)?

Company share prices are keep on changing according to the market conditions. The current trading price of Linde India Ltd (LINDEINDIA) on 05-Jun-2026 16:59:59 at 16:59 is 7007.20.

What is the P/E ratio of Linde India?

The latest standalone P/E ratio of Linde India as of 05-Jun-2026 is 109.46.

What is the P/B ratio of Linde India Ltd (LINDEINDIA)?

The latest standalone P/B ratio of Linde India Ltd (LINDEINDIA) as of 05-Jun-2026 is 14.26.

What is the 52-week high and low of Linde India Ltd (LINDEINDIA)?

The 52-week high of Linde India Ltd (LINDEINDIA) is Rs. 8042.70 and the 52-week low is Rs. 5652.75.

Linde India Ltd (LINDEINDIA) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Linde India Ltd (LINDEINDIA)
Brand: Linde India

Linde India Ltd (LINDEINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523457 NSE: LINDEINDIA Industrial Gases & Fuels | Mid Cap | Linde India Share Price

Linde India Ltd (LINDEINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523457 NSE: LINDEINDIA Industrial Gases & Fuels | Mid Cap | Linde India Share Price

Key Metrics

Valuation Multiples

Market Cap

₹60,300 Cr.

Current Price

₹7,007.2

52-Week Low / High

₹5,653 / 8,043

TTM EPS

₹64.6

TTM Sales

₹2,531 Cr.

Book Value per Share

₹495.7

P/E Ratio

109.46

Higher than its 5-year historical median

Industry PE

26.1

Price to Book (P/B)

14.26

Higher than its 5-year historical median

Price to Sales (P/S)

23.83

Higher than its 5-year historical median

EV/EBITDA

61.64

Higher than its 5-year historical median

Dividend Yield

0.19%

Profitability Efficiency

Return on Equity (ROE)

12.42%

Underperforms industry median

Return on Capital Employed (ROCE)

17.16%

Underperforms industry median

Return on Assets (ROA)

7.62%

Operating Profit Margin

30.6%

Net Profit Margin

18.02%

Gross Profit Margin

33%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

-10.23%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

9.27%

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

5.04%

Asset Quality

Promoter Holding

75.00%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹4,142 Cr.

Equity

₹85.3 Cr.

Face Value

₹10

All Time Low / High

₹14.65 / 9909.00

Linde India stock performance

Key Ratios

Check Before You Invest

Quality

Somewhat Good

Check detailed performance

Valuation

Overvalued

Check Valuation charts

Price Trend

Semi Strong

Check Price chart

Q.1 Is Linde India Ltd a good quality company?

Linde India Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Linde India Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Linde India Ltd vs industry peers?

Linde India Ltd revenue CAGR is 7.12%, compared to the industry median CAGR of 7.33%, indicating stable growth and maintaining its market share.

Q.1 Promoter shareholding and pledge status of Linde India Ltd?

Promoters hold 75.00% of the Linde India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Linde India Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 39.6% based on the current price.

10 Year X-Ray :

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

Value Creation ⓘ

	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	3.2%	4.5%	4.8%	5.6%	45.1%	10.9%	29.2%	21.4%	17.7%	17.2%	-
Value Creation Index ⓘ	-0.8	-0.7	-0.7	-0.6	2.3	-0.2	1.6	0.9	0.6	0.5	-
Growth Parameters ⓘ
Sales ⓘ	1,567	1,825	2,033	2,192	1,762	1,471	2,112	2,508	2,769	2,485	2,531
Sales YoY Gr.	-	16.5%	11.4%	7.8%	-19.6%	-16.5%	43.6%	18.8%	10.4%	-10.2%	-
Adj EPS ⓘ	2.2	0.3	2.9	4.5	16.4	17.8	36.2	49.5	49.5	51.9	64.6
YoY Gr.	-	-86.6%	850%	57.9%	265.1%	8.2%	103.6%	36.9%	-0%	5%	-
BVPS (₹) ⓘ	163.2	163.6	165.1	167.3	250.6	258.4	315.5	292	402.5	442.9	495.7
Adj Net Profit ⓘ	19.1	2.6	24.3	38.4	140	152	309	422	422	443	551
Cash Flow from Ops. ⓘ	242	293	252	376	327	339	589	503	440	584	-
Debt/CF from Ops. ⓘ	5.7	4.9	5.1	3.2	0.3	0	0	0	0	0	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.3%	7.1%	5.6%	-10.2%
Adj EPS ⓘ	41.8%	25.9%	12.8%	5%
BVPSⓘ	11.7%	12.1%	12%	10%
Share Price	38%	34.3%	20.8%	-5.9%

Key Financial Parameters ⓘ

	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	1.4	0.2	1.7	2.7	7.9	7	12.6	18.2	12.9	12.3	13.8
Op. Profit Mgn % ⓘ	14.4	15.7	16.2	15.2	23.8	25.9	25.9	24.4	25.2	30.6	35.9
Net Profit Mgn % ⓘ	1.2	0.1	1.2	1.8	8	10.3	14.6	16.8	15.2	17.8	21.8
Debt to Equity ⓘ	1	1	0.9	0.8	0.1	0	0	0	0	0	0
Working Cap Days ⓘ	237	155	136	133	174	220	214	199	272	392	71
Cash Conv. Cycle ⓘ	22	17	16	16	2	-12	-30	-25	-29	-40	-11

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24	Mar'25
Sales	1,567	1,825	2,033	2,192	1,762	1,471	2,112	3,136	2,769	2,485
Operating Expenses ⓘ +	1,341	1,539	1,705	1,866	1,348	1,096	1,566	2,372	2,072	1,724
Manufacturing Costs	833	919	1,034	1,001	513	479	604	757	790	824
Material Costs	169	247	273	392	418	346	687	1,259	971	567
Employee Cost	92	99	116	127	114	69	50	64	54	54
Other Costs ⓘ	246	274	282	346	303	203	225	293	257	279
Operating Profit ⓘ	226	287	328	325	414	375	546	763	697	761
Operating Profit Margin (%)	14.4%	15.7%	16.1%	14.8%	23.5%	25.5%	25.8%	24.3%	25.2%	30.6%
Other Income ⓘ +	36	34	17	24	22	33	56	110	83	72
Exceptional Items ⓘ	-10	0	-6	0	841	11	294	0	0	0
Interest ⓘ	90	116	116	103	86	6	3	6	7	13
Depreciation ⓘ	162	195	206	199	177	176	181	253	201	214
Profit Before Tax ⓘ	1	10	16	47	1,013	236	711	614	571	606
Tax ⓘ	-23	-3	-3	14	286	81	197	79	145	159
Profit After Tax	23	13	19	33	727	156	514	536	426	448
PAT Margin (%)	1.5%	0.7%	0.9%	1.5%	41.3%	10.6%	24.3%	17.1%	15.4%	18.0%
Adjusted EPS (₹)	2.8	1.6	2.2	3.9	85.3	18.2	60.3	62.8	50.0	52.5
Dividend Payout Ratio (%)	27.30%	47.70%	45%	38.20%	11.70%	16.50%	22.40%	19.10%	24%	22.90%

Valuation of Linde India - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	1,393	1,395	1,408	1,427	2,137	2,204	2,691	3,112	3,433	3,777
Share Capital ⓘ	85	85	85	85	85	85	85	85	85	85
Reserves ⓘ	1,307	1,310	1,322	1,342	2,052	2,118	2,606	3,027	3,348	3,692
Debt +	1,388	1,090	926	666	8	0	0	0	0	0
Long Term Debt	1,338	990	776	417	0	0	0	0	0	0
Short Term Debt	50	100	150	250	8	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	216	302	261	315	374	452	588	539	624	542
Others Liabilities ⓘ	667	776	774	977	695	604	1,231	1,408	1,554	1,822
Total Liabilities ⓘ	3,664	3,563	3,369	3,385	3,215	3,259	4,510	5,059	5,612	6,141
Fixed Assets
Net Fixed Assets ⓘ +	2,158	2,574	2,498	2,162	2,035	1,989	1,869	1,762	1,822	1,925
Gross Block	3,154	2,762	2,891	2,690	2,729	2,846	2,902	3,020	3,273	3,581
Accumulated Depreciation	997	188	394	528	694	857	1,034	1,258	1,452	1,656
CWIP ⓘ	577	80	36	44	53	17	68	225	483	975
Investments ⓘ	15	15	15	0	0	2	2	16	27	27
Inventories	65	69	68	71	65	69	69	77	85	107
Trade Receivables	336	357	353	365	383	407	423	401	481	385
Cash Equivalents	21	106	39	125	241	326	988	1,191	980	147
Others Assets ⓘ	492	361	361	618	438	449	1,091	1,385	1,734	2,575
Total Assets ⓘ	3,664	3,563	3,369	3,385	3,215	3,259	4,510	5,059	5,612	6,141

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	242	293	252	376	327	339	589	629	440	584
PBT ⓘ	1	10	16	47	1,013	236	711	614	571	606
Adjustment ⓘ	228	291	319	285	-586	163	-149	164	143	185
Changes in Working Capital ⓘ	4	-2	-78	51	-87	-32	102	42	-120	-18
Tax Paid ⓘ	10	-7	-5	-8	-13	-29	-75	-191	-153	-189
Cash Flow From Investing Activity ⓘ +	-58	-128	-59	-73	981	-54	98	-306	-539	-1,305
Capex	-61	-132	-68	-89	1,330	-36	113	-343	-564	-1,323
Net Investments	-1	0	-1	0	0	-3	1	-24	-41	-40
Others ⓘ	4	4	9	16	-348	-15	-15	61	66	58
Cash Flow From Financing Activity ⓘ +	-222	-80	-261	-216	-1,193	-201	-28	-119	-109	-112
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-127	-122	-117	-104	-98	-5	-1	-3	-2	-4
Dividend Paid ⓘ	-13	-6	-6	-9	-13	-85	-26	-115	-102	-102
Others ⓘ	-81	49	-137	-103	-1,082	-111	-2	-2	-5	-7
Net Cash Flow ⓘ	-37	85	-68	87	115	84	659	203	-208	-833

Financial Ratio

PARTICULARS	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	1.69	0.96	1.35	2.36	40.81	7.17	21	18.46	13.03	12.42
ROCE (%)	3.16	4.48	4.8	5.64	45.13	10.91	29.19	21.39	17.66	17.16
Asset Turnover Ratio	0.45	0.55	0.61	0.65	0.53	0.45	0.54	0.66	0.52	0.42
PAT to CFO Conversion(x)	10.52	22.54	13.26	11.39	0.45	2.17	1.15	1.17	1.03	1.3
Working Capital Days
Receivable Days	69	63.90	61.20	59.70	77.40	98	71.80	48	58.20	63.60
Inventory Days	14.60	12.40	11.80	11.60	14.10	16.60	11.90	8.50	10.70	14.10
Payable Days	503	383.30	375.70	267.80	300.80	435.90	276.10	163.30	218.70	375.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Linde India Ltd FAQs

The current trading price of Linde India on 05-Jun-2026 16:59 is ₹7,007.2.

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 04-Jun-2026 the market cap of Linde India stood at ₹60,300.2 Cr

The latest P/E ratio of Linde India as of 04-Jun-2026 is 109.5.

The latest P/B ratio of Linde India as of 04-Jun-2026 is 14.26.

The 52-week high of Linde India is ₹8,042.7 and the 52-week low is ₹5,652.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Linde India is ₹2,531 ( Cr.) .

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

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

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

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 Asiaâ€™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.

Linde India Ltd (LINDEINDIA)

Linde India Ltd (LINDEINDIA)

Linde India stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Linde India - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Linde India Ltd FAQs

About Linde India Ltd

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Linde India Ltd (LINDEINDIA)

Linde India Ltd (LINDEINDIA)

Linde India stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Linde India - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Linde India Ltd FAQs

What is the share price of Linde India?

What is the market cap of Linde India?

What is the P/E ratio of Linde India?

What is the P/B ratio of Linde India?

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

What is the TTM revenue of Linde India?

Is Linde India Ltd a good quality company?

Is Linde India Ltd undervalued or overvalued?

Is Linde India Ltd a good buy now?

About Linde India Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.