About
Linde India Limited manufactures and sells industrial and medical gases in India and internationally. It operates through Gases, Related Products and Services; and Project Engineering Division segments. It supplies oxygen, nitrogen, and argon gases through onsite pipeline systems, bulk liquid distribution networks, and packaged gas solutions. The company also engages in manufacture of industrial and medical gases and construction of cryogenic and non-cryogenic air separation plants. It serves various industries, such as steel, automotive, pharma, metal fabrication, chemicals, food and beverage, solar panels, science and research, natural gas and oil refining, petrochemicals, fertilizers, electronics, and metal processing, as well as hospitals and healthcare establishments. The company was formerly known as BOC India Limited and changed its name to Linde India Limited in February 2013. Linde India Limited was incorporated in 1935 and is based in Kolkata, India. Linde India Limited is a subsidiary of The BOC Group Limited.
Key Metrics
as of Sep 2026Market Cap54,149 Cr
P/E99.10
Div Yield0.06 %
Book Value₹500.00
52w High₹8,049.00
52w Low₹5,653.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 694.00 | 614.00 | 701.00 | 644.00 | 571.00 | 592.00 | 606.00 | 634.00 | 653.00 | 630.00 | 706.00 | 711.00 | 721.00 |
| Expenses | 494.00 | 441.00 | 444.00 | 362.00 | 374.00 | 382.00 | 414.00 | 456.00 | 469.00 | 452.00 | 520.00 | 538.00 | 557.00 |
| Operating Profit | 201.00 | 173.00 | 257.00 | 282.00 | 197.00 | 210.00 | 192.00 | 179.00 | 184.00 | 179.00 | 186.00 | 174.00 | 164.00 |
| OPM % | 29.00 | 28.00 | 37.00 | 44.00 | 34.00 | 35.00 | 32.00 | 28.00 | 28.00 | 28.00 | 26.00 | 24.00 | 23.00 |
| Other Income | 7.00 | 7.00 | 55.00 | 6.00 | 6.00 | 13.00 | 22.00 | 18.00 | 21.00 | 19.00 | 25.00 | 21.00 | 20.00 |
| Depreciation | 62.00 | 61.00 | 62.00 | 56.00 | 56.00 | 56.00 | 55.00 | 52.00 | 51.00 | 52.00 | 51.00 | 50.00 | 49.00 |
| Interest | 6.00 | 3.00 | 6.00 | 3.00 | 3.00 | 7.00 | 2.00 | 2.00 | 2.00 | 4.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 140.00 | 116.00 | 245.00 | 228.00 | 144.00 | 161.00 | 157.00 | 143.00 | 152.00 | 142.00 | 159.00 | 143.00 | 134.00 |
| Tax % | 25.00 | 33.00 | 21.00 | 25.00 | 26.00 | 27.00 | 26.00 | 26.00 | 25.00 | 26.00 | 25.00 | 24.00 | 25.00 |
| Net Profit | 105.00 | 77.00 | 193.00 | 171.00 | 107.00 | 118.00 | 116.00 | 106.00 | 114.00 | 105.00 | 120.00 | 109.00 | 100.00 |
| EPS in Rs | 12.26 | 9.08 | 22.67 | 20.05 | 12.57 | 13.88 | 13.64 | 12.48 | 13.33 | 12.36 | 14.08 | 12.75 | 11.71 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,531.00 | 2,485.00 | 2,769.00 | 3,136.00 | 2,112.00 | 1,471.00 | 1,762.00 | 2,192.00 | 2,033.00 | 1,825.00 |
| Expenses | 1,622.00 | 1,720.00 | 2,066.00 | 2,371.00 | 1,564.00 | 1,096.00 | 1,347.00 | 1,866.00 | 1,705.00 | 1,539.00 |
| Operating Profit | 909.00 | 765.00 | 702.00 | 765.00 | 548.00 | 375.00 | 415.00 | 326.00 | 328.00 | 287.00 |
| OPM % | 36.00 | 31.00 | 25.00 | 24.00 | 26.00 | 25.00 | 24.00 | 15.00 | 16.00 | 16.00 |
| Other Income | 74.00 | 75.00 | 85.00 | 113.00 | 335.00 | 36.00 | 862.00 | 15.00 | 8.00 | 40.00 |
| Interest | 14.00 | 13.00 | 7.00 | 6.00 | 3.00 | 6.00 | 86.00 | 103.00 | 116.00 | 116.00 |
| Depreciation | 235.00 | 214.00 | 201.00 | 253.00 | 181.00 | 176.00 | 177.00 | 199.00 | 206.00 | 195.00 |
| Profit before tax | 733.00 | 614.00 | 579.00 | 618.00 | 698.00 | 229.00 | 1,013.00 | 39.00 | 13.00 | 16.00 |
| Tax % | 25.00 | 26.00 | 25.00 | 13.00 | 27.00 | 34.00 | 28.00 | 35.00 | -21.00 | -20.00 |
| Net Profit | 549.00 | 455.00 | 434.00 | 538.00 | 507.00 | 151.00 | 727.00 | 26.00 | 16.00 | 19.00 |
| EPS in Rs | 64.37 | 53.33 | 50.90 | 63.09 | 59.47 | 17.72 | 85.27 | 3.01 | 1.90 | 2.23 |
| Dividend Payout % | 19.00 | 22.00 | 24.00 | 19.00 | 23.00 | 17.00 | 12.00 | 50.00 | 53.00 | 34.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 85.00 | 85.00 | 85.00 | 85.00 | 85.00 | 85.00 | 85.00 | 85.00 | 85.00 | 85.00 |
| Reserves | 4,181.00 | 3,735.00 | 3,383.00 | 3,055.00 | 2,630.00 | 2,149.00 | 2,087.00 | 1,377.00 | 1,365.00 | 1,356.00 |
| Borrowings | 79.00 | 42.00 | 21.00 | 22.00 | 24.00 | 7.00 | 108.00 | 1,199.00 | 1,282.00 | 1,445.00 |
| Other Liabilities | 1,463.00 | 1,280.00 | 1,316.00 | 1,238.00 | 1,277.00 | 1,045.00 | 970.00 | 759.00 | 680.00 | 722.00 |
| Total Liabilities | 5,808.00 | 5,143.00 | 4,805.00 | 4,400.00 | 4,017.00 | 3,286.00 | 3,250.00 | 3,420.00 | 3,412.00 | 3,608.00 |
| Fixed Assets | 2,093.00 | 1,925.00 | 1,822.00 | 1,762.00 | 1,869.00 | 1,989.00 | 2,035.00 | 2,162.00 | 2,498.00 | 2,573.00 |
| CWIP | 1,343.00 | 975.00 | 483.00 | 225.00 | 68.00 | 17.00 | 53.00 | 44.00 | 36.00 | 80.00 |
| Investments | 82.00 | 74.00 | 50.00 | 32.00 | 9.00 | 4.00 | 0.00 | 0.00 | 58.00 | 61.00 |
| Other Assets | 2,291.00 | 2,168.00 | 2,450.00 | 2,380.00 | 2,071.00 | 1,276.00 | 1,162.00 | 1,214.00 | 821.00 | 895.00 |
| Total Assets | 5,808.00 | 5,143.00 | 4,805.00 | 4,400.00 | 4,017.00 | 3,286.00 | 3,250.00 | 3,420.00 | 3,412.00 | 3,608.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 786.00 | 584.00 | 437.00 | 629.00 | 589.00 | 339.00 | 327.00 | 376.00 | 252.00 | 293.00 |
| Cash from Investing Activity | -705.00 | -1,305.00 | -539.00 | -306.00 | 98.00 | -54.00 | 981.00 | -73.00 | -59.00 | -128.00 |
| Cash from Financing Activity | -116.00 | -112.00 | -105.00 | -119.00 | -28.00 | -201.00 | -1,193.00 | -216.00 | -261.00 | -80.00 |
| Net Cash Flow | -35.00 | -833.00 | -208.00 | 203.00 | 659.00 | 84.00 | 115.00 | 87.00 | -68.00 | 85.00 |
| Free Cash Flow | 25.00 | -739.00 | -127.00 | 280.00 | 454.00 | 296.00 | 276.00 | 286.00 | 184.00 | 160.00 |
| CFO/OP % | 109.00 | 101.00 | 84.00 | 107.00 | 121.00 | 98.00 | 82.00 | 118.00 | 79.00 | 104.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 73.00 | 57.00 | 63.00 | 47.00 | 73.00 | 101.00 | 79.00 | 61.00 | 63.00 | 71.00 |
| Inventory Days | 79.00 | 69.00 | 32.00 | 22.00 | 37.00 | 72.00 | 57.00 | 66.00 | 91.00 | 102.00 |
| Days Payable | 370.00 | 349.00 | 235.00 | 156.00 | 312.00 | 477.00 | 327.00 | 293.00 | 348.00 | 447.00 |
| Cash Conversion Cycle | -217.00 | -224.00 | -139.00 | -87.00 | -202.00 | -303.00 | -190.00 | -166.00 | -194.00 | -274.00 |
| Working Capital Days | -40.00 | -29.00 | -11.00 | -9.00 | -3.00 | 12.00 | -25.00 | -73.00 | -69.00 | -70.00 |
| ROCE % | 18.00 | 17.00 | 17.00 | 21.00 | 17.00 | 10.00 | 10.00 | 5.00 | 5.00 | — |
Corporate Actions
28 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 06 Aug 2026 | 06 Aug 2026 | — | 8.00 | NSE/BSE dividend mismatch: BSE/NSE=4.0; BSE=8.0 |
| Dividend | 06 Aug 2026 | 06 Aug 2026 | — | 4.00 | NSE/BSE dividend mismatch: BSE/NSE=4.0; BSE=8.0 |
| Dividend | 07 Aug 2025 | 07 Aug 2025 | — | 7.50 | NSE/BSE dividend mismatch: BSE/NSE=4.5; BSE/NSE=7.5 |
| Dividend | 07 Aug 2025 | 07 Aug 2025 | — | 4.50 | NSE/BSE dividend mismatch: BSE/NSE=4.5; BSE/NSE=7.5 |
| Dividend | 05 Aug 2024 | — | — | 8.00 | NSE/BSE dividend mismatch: BSE/NSE=4.0; BSE/NSE=8.0 |
| Dividend | 05 Aug 2024 | — | — | 4.00 | NSE/BSE dividend mismatch: BSE/NSE=4.0; BSE/NSE=8.0 |
| Dividend | 10 Aug 2023 | — | — | 7.50 | NSE/BSE dividend mismatch: BSE/NSE=4.5; BSE/NSE=7.5 |
| Dividend | 10 Aug 2023 | — | — | 4.50 | NSE/BSE dividend mismatch: BSE/NSE=4.5; BSE/NSE=7.5 |
| Dividend | 01 Jun 2022 | — | — | 10.00 | NSE/BSE dividend mismatch: BSE/NSE=3.5; BSE/NSE=10.0 |
| Dividend | 01 Jun 2022 | — | — | 3.50 | NSE/BSE dividend mismatch: BSE/NSE=3.5; BSE/NSE=10.0 |
| Dividend | 16 Jun 2021 | — | — | 3.00 | |
| Dividend | 10 Sep 2020 | — | — | 7.50 | NSE/BSE dividend mismatch: BSE/NSE=2.5; BSE/NSE=7.5 |
| Dividend | 10 Sep 2020 | — | — | 2.50 | NSE/BSE dividend mismatch: BSE/NSE=2.5; BSE/NSE=7.5 |
| Dividend | 08 May 2019 | — | — | 1.50 | |
| Dividend | 06 Apr 2018 | — | — | 1.00 | |
| Dividend | 07 Apr 2017 | — | — | 0.75 | |
| Dividend | 06 May 2016 | — | — | 0.75 | |
| Dividend | 30 Apr 2015 | — | — | 1.50 | |
| Dividend | 12 May 2014 | — | — | 1.50 | |
| Dividend | 06 May 2013 | — | — | 1.50 | |
| Dividend | 04 May 2012 | — | — | 1.50 | |
| Dividend | 20 May 2011 | — | — | 1.50 | |
| Dividend | 14 May 2010 | — | — | 1.50 | |
| Dividend | 18 May 2009 | — | — | 1.50 | |
| Dividend | 15 May 2008 | — | — | 2.00 | |
| Dividend | 13 Jul 2007 | — | — | 2.50 | |
| Dividend | 12 Jul 2006 | — | — | 3.00 | |
| Dividend | 13 Jul 2005 | — | — | 1.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update3 Nov 2021 from crisil
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Rating update27 Aug 2020 from crisil
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Rating update5 Feb 2020 from crisil
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Rating update12 Feb 2019 from crisil
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Rating update29 Jan 2019 from crisil
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Rating update29 Jan 2018 from crisil