Pulse
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
Linde India Limited

Linde India Limited

NSE: LINDEINDIA
Specialty ChemicalsBasic MaterialsLARGE CAPMCap ₹52.74k Cr
₹6,184.50₹186.50 (+3.11%)

Market Closed • NSE

Market cap₹52.74k Cr
Enterprise value₹51.12k Cr
P/E TTM96.54
Forward P/E71.87
P/B12.36
EPS TTM₹64.06
Forward EPS₹86.05
ROCE18.20%
D/E1.85
Dividend yield0.00%
PEG0.13
Face value₹10.00
52W high₹8,049.00
52W low₹5,673.00
Price chart(1Y)
1Y Return:-10.58% (₹731.50)
H: ₹7,570L: ₹5,925.5
1W+3.29%
1M+1.48%
3M-11.70%
6M-14.49%
1Y-0.10%
Today at a glance

Day range

₹6,000.00₹6,243.00

52 week range

₹5,673.00₹8,049.00
Volume28.1K1.44x 20D avg
Free float50.00%+44.00% volume

Linde India Limited closed at INR6184.50 (+3.11%) on volume 1.44x its 20-day average, trading 23.16% below its 52-week high.

Technical analysis
RSI (14)50.1Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹154.27Moderate
SMA 20₹6,146.00BULLISH
SMA 50₹6,365.98BEARISH
SMA 100₹6,692.77BEARISH
SMA 200₹6,746.37BEARISH
CPR bottom₹6,015.75
Pivot₹6,009.83
CPR top₹6,003.92
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +36.4% QoQ

2026-08-06

DIVIDEND Announced

Dividend - Rs 4 Per Share/Special Dividend - 8 Per Share

2025-08-07

DIVIDEND Announced

Dividend - Rs 4.50 Per Share & Special Dividend - Rs 7.50 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹78.9 Cr₹52.74k Cr0.15%≤ 33%PASS
Non-halal income ratio–₹2.53k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹5.70k Cr₹5.81k Cr98.10%≥ 20%PASS
Receivables ratio–₹5.81k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E96.5421.90
Forward P/E71.87—
P/B12.362.20
EV/EBITDA—18.00
PEG0.131.00
Earnings yield1.004.60
Growth & profitability
RevenuePAT
FY25PAT margin 18.30%
FY26PAT margin 21.70%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+0.60%
Revenue CAGR 5Y+0.40%
PAT CAGR 3Y+6.50%
PAT CAGR 5Y+3.80%
Operating margin19.90%
Net margin20.59%
Financial health & cash flow
Net debt–Moderate
Interest coverage46.50xEBIT / interest
CFO / PAT1.43x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹785.5 Cr
Capital expenditure–
Free cash flow₹19.3 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall60/100
Valuation35/100
Profitability80/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 18.2%

High Cash Flow Conversion: CFO/PAT averaged 1.43x over last 3 years

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 1.85x

Stretched Valuation: Trading at a high P/E multiple of 96.5x

Bull case

Market Leadership: Established operational scale in Specialty Chemicals.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
8.93%Institutional holding
16.08%Public holding
5Periods available
0.00%Promoter pledged
63.17KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
06 Aug 2026Dividend₹4.00 / share—06 Aug 2026
07 Aug 2025Dividend₹4.50 / share—07 Aug 2025
—Dividend₹4.00 / share—05 Aug 2024
—Dividend₹4.50 / share—10 Aug 2023
—Dividend₹3.50 / share—01 Jun 2022
—Dividend₹3.00 / share—16 Jun 2021
—Dividend₹2.50 / share—10 Sept 2020
—Dividend₹1.50 / share—08 May 2019
—Dividend₹1.00 / share—06 Apr 2018
—Dividend₹0.75 / share—07 Apr 2017
—Dividend₹0.75 / share—06 May 2016
—Dividend₹1.50 / share—30 Apr 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)47.51%+7.79% latest vs average
Highest delivery60.45%on 21 Sept
Average volume (20D)19.5KTrading-session average
Conviction trendStrengthening+7.79% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.21L37.592.21%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About Linde India Limited
Linde India Limited

Linde India Limited, a subsidiary of BOC Group,UK (owns 75% stake in the co), is primarily engaged in manufacture of industrial and medical gases and construction of cryogenic and non cryogenic air separation plants.[1]

IndiaBasic Materials

Questions investors ask
Is Linde India Limited Shariah compliant?

Linde India Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (0.15%) complies with AAOIFI threshold (≤ 33%).

What is Linde India Limited's current valuation relative to peers?

Linde India Limited trades at a P/E of 96.5x compared to the sector median of 21.9x, and a Price-to-Book of 12.4x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.85x. Interest coverage is 46.5x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 0.4% while net profit growth averaged 3.8%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.