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Linde India Ltd.
LINDEINDIALarge CapNSEBSE
Chemical Manufacturing · Chemicals
₹6,513.00down 36.00down 0.55 percentas of 28 Aug 2026
Book value ₹501.00Div yield 0.18%
Key metrics
- Market Cap
- 54,832.00 ₹ cr
- P/E
- 101.04 x
- P/B
- 13.00 x
- ROE
- 34.77%
- ROCE
- 37.67%
- Debt to Equity
- 0.41 x
- Net Margin
- 9.09%
- Dividend Yield
- 0.18%
- Revenue Growth (YoY)
- 21.59%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE below 20% in each of the last 3 financial years (2023-2024, 2024-2025, 2025-2026).
- Revenue declined year-on-year in 2 of the last 3 years.
- Net margin declined year-on-year in 1 of the last 3 years.
- Promoter holding 75.0% (pledge data not available).
- Debt-to-equity 0.41 — above the Chemicals median of 0.39.
LINDEINDIA
₹6,513.00down 0.55 percent
EOD Synced: 28 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatStable Return Franchise
14.81%ROCE
ROE: 12.87%·P/B: 13.00x
2. Forensic Health & SolvencyPiotroski 6/9 · Adequate Health
6/9Piotroski Score
Altman: 5.5 (Safe Zone)
3. Valuation & DCF Spread-99.6% Valuation Premium
₹27DCF Fair Value
CMP: ₹6,513.0
4. Ownership & GovernanceClean Promoter Holding
75.00%Promoter Stake
Pledged: 0.0%·Inst: 8.37%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #23 of 37 in Chemical ManufacturingQVGM 37/100
Quality (Q)80
ROE, ROCE, Margins & Cash Conversion
Value (V)11
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)14
3Y Sales & EPS Compounded Growth
Momentum (M)36
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #23 of 37 in Chemical Manufacturing
Valuation
Weak11/100
P/E Ratio:101.04x
P/B Ratio:13.00x
Dividend Yield:0.18%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Weak14/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Strong80/100
ROE:12.9%
ROCE:14.8%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Moderate67/100
Piotroski F-Score:6/9
Altman Z-Score:5.46
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Weak36/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹5,695.50
From 52W High-17.01%
52-Week High₹7,847.50
Valuation MultiplesCash Flow & Yield
PEG Ratio79.55
Earnings Yield7.21%
Price / FCF275.18
FCF Yield0.36%
Payout Ratio2.56%
Net-Net Ratio-4.30
Solvency & SafetyPiotroski & Altman
Piotroski F-Score6/9
Altman Z-Score5.46
Graham Number₹2,300.32
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▼ 0.02%
DII Stake:▼ 0.10%
OPM Margin:▲ +4.70%
Net Margin:▲ +3.39%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▲ +13.03% | ▲ +21.59% | 1.82% | -6.89% | 3.68% |
| Net Profit Growth | ▲ +35.04% | ▼ 2.43% | 20.69% | 0.67% | 1.59% |
| EPS Growth | ▲ +35.02% | ▼ 2.47% | 21.47% | 1.27% | 12.25% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — LINDEINDIA
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹27.6
Verdict:Overvalued (-99.6%)
Benjamin Graham Number
₹850.8
-86.9% vs CMPPeter Lynch Fair Value
₹430.9
-93.4% vs CMPReverse DCF Implied Growth
60.0% CAGR
Aggressive Expectations (Priced for Perfection)Valuation Spectrum PositioningCMP: ₹6,513.0
₹0 (Distress)CMP: ₹6,513DCF: ₹28Graham: ₹851
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR6.0%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 6% | ₹20 | 0.8969 | ₹18 |
| Year 2 | 6% | ₹22 | 0.8044 | ₹17 |
| Year 3 | 6% | ₹23 | 0.7214 | ₹17 |
| Year 4 | 6% | ₹24 | 0.6470 | ₹16 |
| Year 5 | 6% | ₹26 | 0.5803 | ₹15 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹29 -100% | ₹34 -99% | ₹37 -99% | ₹41 -99% | ₹52 -99% |
| 11.0% | ₹25 -100% | ₹28 -100% | ₹30 -100% | ₹33 -99% | ₹40 -99% |
| 11.5% | ₹23 -100% | ₹26 -100% | ₹28 -100% | ₹30 -100% | ₹35 -99% |
| 12.0% | ₹21 -100% | ₹24 -100% | ₹25 -100% | ₹27 -100% | ₹32 -100% |
| 13.0% | ₹18 -100% | ₹20 -100% | ₹21 -100% | ₹23 -100% | ₹26 -100% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E101.04current
ReportedComputed, approximate
P/B13.00current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | 101.04 | 13.00 |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Hold(3.33 / 5)
Strong Buy:0
Buy:1
Hold:1
Sell:0
Strong Sell:1
Coverage: 3 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
Balanced risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:31.02%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: +2.61%
Mean Target₹6,683.00vs CMP ₹6,513.00
High Target₹7,251.00+11.3% max upside
Low Target₹6,115.00-6.1% downside
Median Target₹6,683.002 estimates
Low: ₹6,115.00Mean: ₹6,683.00High: ₹7,251.00
Mean Target Current Price (₹6,513.00)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2027E11 Analysts
Mean Estimate
₹17.45
Low:—
High:—
FY2027E11 Analysts
Mean Estimate
₹18.37
Low:—
High:—
FY2027E11 Analysts
Mean Estimate
₹19.29
Low:—
High:—
FY2027E11 Analysts
Mean Estimate
₹20.20
Low:—
High:—
FY2028E11 Analysts
Mean Estimate
₹20.03
Low:—
High:—
FY2028E11 Analysts
Mean Estimate
₹21.08
Low:—
High:—
FY2028E11 Analysts
Mean Estimate
₹22.14
Low:—
High:—
FY2028E11 Analysts
Mean Estimate
₹23.19
Low:—
High:—
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2027 Forecast | ₹17.45 | — | — | 11 |
| FY2027 Forecast | ₹18.37 | — | — | 11 |
| FY2027 Forecast | ₹19.29 | — | — | 11 |
| FY2027 Forecast | ₹20.20 | — | — | 11 |
| FY2028 Forecast | ₹20.03 | — | — | 11 |
| FY2028 Forecast | ₹21.08 | — | — | 11 |
| FY2028 Forecast | ₹22.14 | — | — | 11 |
| FY2028 Forecast | ₹23.19 | — | — | 11 |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
3 Factors- •Company is virtually debt-free with a Debt-to-Equity ratio of 0.02x.
- •Strong cash generation: Operating Cash Flow is 143.1% of reported Net Profit.
- •High promoter holding of 75.0% with zero encumbrance / pledge.
Risk Factors & Watchouts
1 Watchout- •Stock is trading at an elevated valuation multiple of 101.0x P/E.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score6 / 9
● Moderate (Neutral)
Altman Z-Score5.46
● Safe Zone
Negligible risk of financial distress over the next 2 years.
Beneish M-Score-2.87
● Low Risk (Clean Accounting)
Cash flows closely match reported earnings with conservative accruals.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (2025-2026)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
3.5%Low Cash Conversion
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
0.8%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
97.5%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹549 CrInflow
549
+ D&A Non-Cash Charge₹235 CrAdd-back
235
Working Capital Adjustment₹2 Cr+ Cash
2
= Operating Cash Flow (CFO)₹786 CrOperating Cash
786
- Capital Expenditures (CapEx)-₹766 CrReinvestment
766
= Free Cash Flow (FCF)₹19 CrFree Cash Flow
19
- Dividends & Debt Repayment-₹121 CrCapital Return
121
= Net Change in Cash-₹102 CrNet Balance
102
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | 2017-201831 Dec 2018 | FY1931 Mar 2019 | 2018-201931 Dec 2019 | FY2031 Mar 2020 | 2019-202031 Dec 2020 | FY2131 Mar 2021 | 2020-202131 Dec 2021 | 2021-202231 Mar 2022 | 2022-202331 Mar 2023 | 2023-202431 Mar 2024 | 2024-202531 Mar 2025 | 2025-202631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2,191.65 | ₹2,463.04 | ₹1,761.79 | ₹2,808.69 | ₹1,471.12 | ₹3,202.83 | ₹2,111.96 | ₹1,822.06 | ₹3,135.52 | ₹2,768.67 | ₹2,485.38 | ₹2,530.64 |
| Operating profit | ₹136.09 | ₹340.89 | ₹1,084.32 | ₹388.73 | ₹207.95 | ₹443.28 | ₹368.09 | ₹376.44 | ₹513.54 | ₹503.46 | ₹550.61 | ₹679.52 |
| OPM | 6.21% | 13.84% | 61.55% | 13.84% | 14.14% | 13.84% | 17.43% | 20.66% | 16.38% | 18.18% | 22.15% | 26.85% |
| Net profit | ₹25.69 | ₹224.25 | ₹727.18 | ₹233.03 | ₹151.10 | ₹265.69 | ₹507.22 | ₹395.25 | ₹538.06 | ₹434.09 | ₹454.84 | ₹548.96 |
| EPS | 2.99 | 187.48 | 14.31 | 194.81 | 17.58 | 222.12 | 36.09 | 46.25 | 61.93 | 50.33 | 52.95 | 64.32 |
| Net margin | 1.17% | 9.10% | 41.28% | 8.30% | 10.27% | 8.30% | 24.02% | 21.69% | 17.16% | 15.68% | 18.30% | 21.69% |
| ROE | 1.76% | 31.32% | 33.48% | 29.14% | 6.76% | 29.68% | 18.68% | 35.86% | 17.14% | 12.52% | 11.91% | 12.87% |
| ROCE | 6.62% | 31.87% | 43.98% | 37.10% | 8.07% | 39.07% | 11.72% | 25.73% | 14.82% | 13.34% | 13.38% | 14.81% |
| Debt / equity | 0.82 | 0.49 | 0.05 | 0.31 | 0.00 | 0.27 | 0.01 | 0.33 | 0.01 | 0.01 | 0.01 | 0.02 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|
| Revenue | 1.82% | -6.89% | 3.68% | 0.27% |
| Net profit | 20.69% | 0.67% | 1.59% | 9.37% |
| EPS | 21.47% | 1.27% | 12.25% | -10.15% |
Each column only appears when 12 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | 2017-2018 | FY19 | 2018-2019 | FY20 | 2019-2020 | FY21 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹3,419.93 | ₹1,611.60 | ₹3,249.88 | ₹1,665.59 | ₹3,286.09 | ₹1,839.08 | ₹4,016.61 | ₹2,004.27 | ₹4,399.79 | ₹4,805.24 | ₹5,142.74 | ₹5,808.28 |
| Total liabilities | ₹1,958.05 | ₹1,611.60 | ₹1,077.98 | ₹1,665.59 | ₹1,051.78 | ₹1,839.08 | ₹1,301.73 | ₹901.92 | ₹1,259.69 | ₹1,336.81 | ₹1,322.80 | ₹1,541.73 |
| Total equity | ₹1,461.88 | ₹715.93 | ₹2,171.91 | ₹799.61 | ₹2,234.31 | ₹895.04 | ₹2,714.88 | ₹1,102.35 | ₹3,140.10 | ₹3,468.43 | ₹3,819.94 | ₹4,266.55 |
| Total debt | ₹1,199.36 | ₹353.80 | ₹108.47 | ₹248.07 | ₹6.90 | ₹239.42 | ₹24.29 | ₹360.77 | ₹22.05 | ₹20.69 | ₹42.37 | ₹78.92 |
| Cash | ₹8.98 | ₹128.93 | ₹20.30 | ₹133.25 | ₹12.19 | ₹147.13 | ₹8.04 | ₹240.51 | ₹23.91 | ₹16.22 | ₹19.27 | ₹7.25 |
| Current assets | ₹764.89 | ₹564.06 | ₹902.31 | ₹582.96 | ₹1,040.88 | ₹643.68 | ₹1,844.82 | ₹901.92 | ₹2,048.82 | ₹1,927.11 | ₹977.39 | ₹1,051.51 |
| Current liabilities | ₹1,363.51 | ₹354.55 | ₹784.47 | ₹366.43 | ₹710.21 | ₹404.60 | ₹875.32 | ₹501.07 | ₹934.15 | ₹1,031.40 | ₹1,026.45 | ₹1,220.02 |
| Inventory | ₹118.43 | ₹193.39 | ₹94.62 | ₹199.87 | ₹103.08 | ₹220.69 | ₹195.48 | ₹182.21 | ₹165.12 | ₹182.33 | ₹134.68 | ₹221.22 |
| Receivables | ₹434.25 | ₹369.46 | ₹449.50 | ₹421.30 | ₹514.74 | ₹480.43 | ₹579.97 | ₹218.65 | ₹604.16 | ₹652.70 | ₹564.58 | ₹634.56 |
| Payables | ₹314.97 | ₹295.57 | ₹374.48 | ₹337.04 | ₹451.58 | ₹384.34 | ₹587.76 | ₹163.99 | ₹545.16 | ₹624.34 | ₹541.70 | ₹574.59 |
| Net PP&E | ₹2,205.27 | ₹665.81 | ₹2,087.74 | ₹672.20 | ₹2,005.92 | ₹817.77 | ₹1,915.75 | ₹801.71 | ₹1,967.32 | ₹2,285.08 | ₹2,880.76 | ₹3,415.57 |
| Retained earnings | ₹679.23 | — | ₹1,389.35 | — | ₹1,451.74 | — | ₹1,932.05 | ₹826.76 | ₹2,357.27 | ₹2,685.59 | ₹3,037.07 | ₹3,483.67 |
Cash flow
| Metric | 2017-2018 | FY19 | 2018-2019 | FY20 | 2019-2020 | FY21 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | ₹375.56 | ₹250.39 | ₹326.75 | ₹286.33 | ₹338.96 | ₹268.84 | ₹588.88 | ₹494.06 | ₹629.18 | ₹436.96 | ₹583.60 | ₹785.50 |
| Capital expenditure | ₹-94.12 | ₹-180.44 | ₹-83.32 | ₹-160.64 | ₹-70.45 | ₹-142.13 | ₹-136.71 | ₹109.32 | ₹-363.17 | ₹-571.68 | ₹-1,330.52 | ₹-766.22 |
| Free cash flow | ₹281.44 | ₹69.96 | ₹243.43 | ₹125.69 | ₹268.51 | ₹126.71 | ₹452.17 | ₹384.74 | ₹266.01 | ₹-134.72 | ₹-746.92 | ₹19.28 |
| OCF / net profit | 14.62 | — | 0.45 | — | 2.24 | — | 1.16 | 1.25 | 1.17 | 1.01 | 1.28 | 1.43 |
| FCF / Capex intensity | 4.29 | — | 4.73 | — | 4.79 | — | 6.47 | 0.06 | 11.58 | 20.65 | 53.53 | 30.28 |
Income statement detail
| Metric | 2017-2018 | FY19 | 2018-2019 | FY20 | 2019-2020 | FY21 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | ₹891.62 | ₹1,354.67 | ₹980.07 | ₹1,544.78 | ₹770.83 | ₹1,761.56 | ₹1,014.22 | ₹637.72 | ₹1,354.50 | ₹1,323.08 | ₹1,389.90 | ₹1,540.98 |
| Cost of revenue | ₹1,300.04 | ₹1,108.37 | ₹781.71 | ₹1,263.91 | ₹700.30 | ₹1,441.28 | ₹1,097.74 | ₹1,184.34 | ₹1,781.02 | ₹1,445.59 | ₹1,095.48 | ₹989.66 |
| EBITDA | ₹335.23 | ₹374.98 | ₹1,261.57 | ₹427.60 | ₹383.95 | ₹487.61 | ₹549.46 | ₹400.85 | ₹766.41 | ₹704.40 | ₹764.44 | ₹914.39 |
| Income before tax | ₹39.38 | ₹299.01 | ₹1,012.91 | ₹310.70 | ₹228.66 | ₹354.25 | ₹697.90 | ₹525.68 | ₹618.29 | ₹578.87 | ₹613.50 | ₹733.48 |
| Interest expense | ₹100.07 | ₹40.91 | ₹76.96 | ₹46.65 | — | ₹53.19 | — | ₹91.10 | — | — | — | — |
| Tax expense | ₹13.68 | ₹74.00 | ₹285.73 | ₹76.90 | ₹77.56 | ₹87.68 | ₹190.68 | ₹130.43 | ₹80.23 | ₹144.79 | ₹158.66 | ₹184.51 |
| D&A | ₹199.14 | ₹34.09 | ₹177.25 | ₹38.87 | ₹176.00 | ₹44.33 | ₹181.37 | ₹72.88 | ₹252.87 | ₹200.94 | ₹213.83 | ₹234.87 |
| EBITDA margin | 15.30% | — | 71.61% | — | 26.10% | — | 26.02% | 22.00% | 24.44% | 25.44% | 30.76% | 36.13% |
Financial ratios
| Metric | 2017-2018 | FY19 | 2018-2019 | FY20 | 2019-2020 | FY21 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.56 | — | 1.15 | — | 1.47 | — | 2.11 | 1.80 | 2.19 | 1.87 | 0.95 | 0.86 |
| Quick ratio | 0.47 | — | 1.03 | — | 1.32 | — | 1.88 | 1.44 | 2.02 | 1.69 | 0.82 | 0.68 |
| Interest coverage | 1.36 | — | 14.09 | — | — | — | — | 4.13 | — | — | — | — |
| Inventory days | 33.25 | — | 44.18 | — | 53.73 | — | 65.00 | 45.00 | 33.84 | 46.04 | 44.87 | 81.59 |
| Receivable days | 72.32 | — | 93.13 | — | 127.71 | — | 100.23 | 35.00 | 70.33 | 86.05 | 82.91 | 91.52 |
| Payable days | 88.43 | — | 174.85 | — | 235.37 | — | 195.43 | 40.00 | 111.72 | 157.64 | 180.49 | 211.92 |
| Cash conversion cycle | 17.14 | — | -37.55 | — | -53.93 | — | -30.20 | 40.00 | -7.56 | -25.56 | -52.70 | -38.80 |
| Working capital days | — | 61.15 | 30.00 | 50.87 | 30.00 | 43.87 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 |
| Fixed asset turnover | 0.99 | — | 0.84 | — | 0.73 | — | 1.10 | 2.27 | 1.59 | 1.21 | 0.86 | 0.74 |
| ROA | 0.75% | — | 22.38% | — | 4.60% | — | 12.63% | 19.72% | 12.23% | 9.03% | 8.84% | 9.45% |
| ROIC | 3.35% | — | 34.44% | — | 6.16% | — | 9.80% | 32.33% | 14.24% | 10.87% | 10.62% | 11.72% |
| Gross margin | 40.68% | — | 55.63% | — | 52.40% | — | 48.02% | 35.00% | 43.20% | 47.79% | 55.92% | 60.89% |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
High Quality Moat (Margin Driven, Low Debt Risk)FY2025-2026
Net marginProfitability
21.69%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
0.44
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
1.36
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
12.87%
Reported: 12.87%
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2026 | 06 Aug 2026 | dividend | 40% |
| 06 Aug 2026 | dividend | 80% | |
| 2025 | 07 Aug 2025 | dividend | 45% |
| 07 Aug 2025 | dividend | 75% | |
| 2024 | 06 Aug 2024 | dividend | 40% |
| 06 Aug 2024 | dividend | 80% | |
| 2023 | 10 Aug 2023 | dividend | 45% |
| 10 Aug 2023 | dividend | 75% | |
| 2022 | 03 Jun 2022 | dividend | 35% |
| 03 Jun 2022 | dividend | 100% | |
| 2021 | 18 Jun 2021 | dividend | 30% |
| 2020 | 12 Sept 2020 | dividend | 25% |
| 12 Sept 2020 | dividend | 75% | |
| 2019 | 10 May 2019 | dividend | 15% |
| 10 May 2019 | dividend | 15% | |
| 2018 | 10 Apr 2018 | dividend | 10% |
| 2017 | 11 Apr 2017 | dividend | 7% |
| 2016 | 10 May 2016 | dividend | 7% |
| 2015 | 06 May 2015 | dividend | 15% |
| 2014 | 14 May 2014 | dividend | 15% |
| 2013 | 08 May 2013 | dividend | 15% |
| 2012 | 08 May 2012 | dividend | 15% |
| 2011 | 24 May 2011 | dividend | 15% |
| 2010 | 18 May 2010 | dividend | 15% |
| 2009 | 20 May 2009 | dividend | 15% |
| 2008 | 20 May 2008 | dividend | 20% |
| 2007 | 17 Jul 2007 | dividend | 25% |
| 2006 | 14 Jul 2006 | dividend | 30% |
Dividend Intelligence & Capital Return History
Historical cash payout track record across 11 dividend distributions
Latest Year DPS:₹12.00
Yield on CMP:0.18%
3Y Dividend CAGR:+0.0%
Annual Dividend Payout Progression (Per Share)Total Cumulative DPS: ₹64.50
₹12.0
2026
₹12.0
2025
₹12.0
2024
₹12.0
2023
₹13.5
2022
₹3.0
2021
| Ex-Date | Amount (Per Share) | Dividend Type |
|---|---|---|
| 06 Aug 2026 | ₹4.00 | Final |
| 06 Aug 2026 | ₹8.00 | Special |
| 07 Aug 2025 | ₹4.50 | Final |
| 07 Aug 2025 | ₹7.50 | Special |
| 05 Aug 2024 | ₹4.00 | Final |
| 05 Aug 2024 | ₹8.00 | Special |
| 10 Aug 2023 | ₹4.50 | Final |
| 10 Aug 2023 | ₹7.50 | Special |
| 01 Jun 2022 | ₹3.50 | Final |
| 01 Jun 2022 | ₹10.00 | Special |
| 16 Jun 2021 | ₹3.00 | Final |
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
ChemicalsCompare Peers in Studio
Market Cap54,832.00 ₹ cr
Beats 91% of 43 industry peers · median 14,346.31 ₹ cr
P/E101.04 x
Beats 89% of 36 industry peers · median 43.05 x
P/B13.00 x
Beats 89% of 37 industry peers · median 4.12 x
ROE34.77%
Beats 98% of 43 industry peers · median 8.94%
ROCE37.67%
Beats 100% of 43 industry peers · median 10.44%
Debt to Equity0.41 x
Beats 53% of 43 industry peers · median 0.39 x
Net Margin9.09%
Beats 47% of 43 industry peers · median 9.33%
Dividend Yield0.18%
Beats 23% of 39 industry peers · median 0.61%
Revenue Growth (YoY)21.59%
Beats 44% of 43 industry peers · median 23.97%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
Solar Industries India Ltd.SOLARINDS | ₹1.84 L | 110.04 | 29.41 |
Pidilite Industries Ltd.PIDILITIND | ₹1.66 L | 68.98 | 15.56 |
SRF Ltd.SRF | ₹75,884.75 | 41.83 | 5.47 |
Coromandel International Ltd.COROMANDEL | ₹56,135.26 | 28.86 | 4.49 |
| ₹53,048.51 | — | — |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for Linde India Ltd. (LINDEINDIA)
Indexed Documents8 Filings
Latest Disclosure18 Jul 2026
Board Outcome18 Jul 2026
Linde India Ltd.: Outcome of Board Meeting for Approval of Audited Financial Results
Shareholding06 Jul 2026
Linde India Ltd.: Quarterly Statement of Shareholding Pattern filed with NSE/BSE
Investor Deck01 Jul 2026
Linde India Ltd.: Investor Presentation on Q4 Financial Results and Growth Outlook
Concall Transcript29 Jun 2026
Linde India Ltd.: Transcript of Earnings Conference Call with Institutional Investors
AGM / EGM12 Apr 2026
Linde India Ltd.: Notice of Annual General Meeting and Record Date for Dividend
Corporate Action03 Feb 2026
Linde India Ltd.: Recommendation of Final Dividend for the Financial Year 2025-26
Press Release31 Dec 2025
Linde India Ltd.: Press Release: Business Updates and New Strategic Initiatives
News
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The Indian stock market saw gains on 4 May, driven by blue-chip stocks and positive election outcomes. Experts suggest buying shares in General Insurance Corporation and Lodha Developers, citing market stability and favorable technical indicators as reasons for their recommendations.
- IndianAPIStock recommendations for 5 May from MarketSmith India
MarketSmith India reveals its top stock recommendations for today, 5 May. Get expert insights into the best-performing stocks to guide your investment decisions.
- IndianAPIVinay Rajani of HDFC Sec suggests Tata Steel, Linde India shares to buy
The domestic equity benchmarks rallied on May 4, supported by positive auto stock performance and a dip in crude prices. Nifty 50 increased by 1% to 24,236, indicating a consolidation phase as it faces resistance levels, while broader markets may need time to stabilize.
- IndianAPITop Gainers & Losers on Mar 24: IndiGo, HPCL, Eternal, Tejas Networks, Asian Paints, Linde India among top gainers
On March 23, Indian markets saw a revival with the Nifty 50 up 1.78% and Sensex up 1.89%, following easing tensions in West Asia. Major sector indices rose, led by Nifty Media. Crude oil prices fell sharply, benefiting related stocks.
- IndianAPIBreakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 20 March 2026
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — Torrent Power, Bharat Heavy Electricals, Linde India, Fertilisers And Chemicals Travancore, and Coal India.
- IndianAPIRajesh Palviya of Axis Sec suggests Linde India, ACME Solar, Ajanta Pharma shares to buy today
The Nifty 50 and Sensex fell around 1.1% on Friday, marking their largest weekly decline in 15 months due to Middle East conflict. Brent crude prices remain high, pushing investors away from riskier assets, with major sectors also experiencing downturns.
- IndianAPIBreakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 27 February 2026
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — IndusInd Bank, Jamna Auto, Engineers India, Linde India, and Man Industries
For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.