Linde India Ltd.
NSE: LINDEINDIA · Industrial Gases
Snapshot
Unlock Linde India Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Linde India Limited is a leading industrial gases company that provides a comprehensive range of gases, including oxygen, nitrogen, and argon, to diverse sectors such as steel, healthcare, and chemicals. The company also operates a Project Engineering division that designs, installs, and commissions air separation plants and related cryogenic equipment.
Business Model
The company generates revenue through the sale of industrial and medical gases via pipeline, cryogenic tankers, and cylinders, alongside turnkey project engineering services. Its business model leverages long-term supply contracts with industrial clients and the manufacturing of specialized cryogenic equipment.
Growth Outlook
Growth is driven by increasing demand for medical oxygen in the healthcare sector and the expansion of industrial infrastructure in India. The company continues to focus on turnkey project engineering and the supply of high-purity gases to support manufacturing and chemical processing industries.
Key Risks
- Commodity Price Volatility. Fluctuations in energy and raw material costs can significantly impact the production and distribution margins of industrial gases.
- Cyclical Industrial Demand. The company's performance is closely tied to the capital expenditure cycles of heavy industries like steel and chemicals.
- Regulatory and Safety Compliance. Operating in the hazardous gas sector requires stringent adherence to safety and environmental regulations, where non-compliance could lead to operational disruptions.
- Project Execution Risk. Delays or cost overruns in large-scale turnkey engineering projects could adversely affect the company's profitability.
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Key Metrics
REVENUE
₹2,654 Cr
TTM · consolidated
NET PROFIT
₹546 Cr
TTM · consolidated
EPS
₹64.06
TTM · consolidated
RETURN ON EQUITY
13.5%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
15.9%
TTM · consolidated
P/E
99.1x
Q1 FY27 · consolidated
EV/EBITDA
57.9x
Q1 FY27 · consolidated
EBITDA MARGIN
35.1%
TTM · consolidated
NET PROFIT MARGIN
15.1%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · Industrial Gases
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Linde India Ltd.LINDEINDIA | ₹54,121 Cr | 99.06 | 57.93 | 10.4% | 35.1% | 13.5% | 15.9% | -1.7% |
Ellenbarrie Industrial Gases LtdELLEN | ₹4,677 Cr | 38.77 | 26.47 | — | 51.4% | 12.3% | 14.5% | -37.1% |
Refex Industries LimitedREFEX | ₹3,877 Cr | 15.69 | 8.49 | 26.5% | 15.9% | 16.5% | 25.1% | -22.8% |
Stallion India Fluorochemicals LimitedSTALLION | ₹2,399 Cr | 35.94 | 30.74 | — | 16.4% | 10.6% | 14.4% | +14.4% |
As of Q1 FY27
Financials
Linde India Ltd.
NSE: LINDEINDIA · Industrial Gases
Snapshot
Unlock Linde India Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Linde India Limited is a leading industrial gases company that provides a comprehensive range of gases, including oxygen, nitrogen, and argon, to diverse sectors such as steel, healthcare, and chemicals. The company also operates a Project Engineering division that designs, installs, and commissions air separation plants and related cryogenic equipment.
Business Model
The company generates revenue through the sale of industrial and medical gases via pipeline, cryogenic tankers, and cylinders, alongside turnkey project engineering services. Its business model leverages long-term supply contracts with industrial clients and the manufacturing of specialized cryogenic equipment.
Growth Outlook
Growth is driven by increasing demand for medical oxygen in the healthcare sector and the expansion of industrial infrastructure in India. The company continues to focus on turnkey project engineering and the supply of high-purity gases to support manufacturing and chemical processing industries.
Key Risks
- Commodity Price Volatility. Fluctuations in energy and raw material costs can significantly impact the production and distribution margins of industrial gases.
- Cyclical Industrial Demand. The company's performance is closely tied to the capital expenditure cycles of heavy industries like steel and chemicals.
- Regulatory and Safety Compliance. Operating in the hazardous gas sector requires stringent adherence to safety and environmental regulations, where non-compliance could lead to operational disruptions.
- Project Execution Risk. Delays or cost overruns in large-scale turnkey engineering projects could adversely affect the company's profitability.
Start your research today
Unlock AI insights, financials, peers and live data on Linde India Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹2,654 Cr
TTM · consolidated
NET PROFIT
₹546 Cr
TTM · consolidated
EPS
₹64.06
TTM · consolidated
RETURN ON EQUITY
13.5%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
15.9%
TTM · consolidated
P/E
99.1x
Q1 FY27 · consolidated
EV/EBITDA
57.9x
Q1 FY27 · consolidated
EBITDA MARGIN
35.1%
TTM · consolidated
NET PROFIT MARGIN
15.1%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · Industrial Gases
As of Q1 FY27