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As of 6 Nov 2026, Linde India trades at 118.4× trailing earnings, above the industry P/E of 22.1×, and the shares are 15% below their 52-week high. Its ROCE of 16% is the second-lowest among the 7 largest Specialty Chemicals peers. Debt is 0.23× equity, and its dividend yield is 0.1%. It is a mid-cap company with a market cap of ₹58,496 Cr, ranked 4th of 204 Specialty Chemicals companies by market cap; the shares rose 5.4% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹6,291.00
Day high
₹7,090.00
Day low
₹6,106.50
Prev. close
₹6,308.00
Volume
3 L

Health check

1 good · 4 to check
  • ReturnsBehind

    +5.4% over a year, better than 2 of 7 peers.

  • Price tagPricier

    P/E 118.4 vs industry 22.1.

  • Growthn/a

    Not enough yearly results to measure.

  • ProfitabilityWeak

    ROCE 16.3% vs peer median 24.4%.

  • Balance sheetSolid

    Debt 0.23× equity, interest covered 51.6×, Piotroski 6 of 9.

  • Red flags2 to check

    Quarterly profit down 30.5% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Mid cap

₹58,496 Cr, #4 of 204 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹2,733 Cr · profit ₹494 Cr
Market cap
₹58,496 Cr
Mid cap
P/E
118.4
Industry 22.1
Price to book
13.33
Peers 11.23
Dividend yield
0.06%
ROE
11.8%
Peers 23.0%
ROCE
16.3%
Peers 24.4%
Debt to equity
0.23
Debt ₹1,026 Cr
EPS (TTM)
₹57.95
Face value ₹10
OPM (TTM)
31.5%
Net margin 18.1%
Sales growth
+12.3%
Latest quarter vs a year ago
Profit growth
−30.5%
Latest quarter vs a year ago
Price to sales
21.40
EV/EBITDA 69.0

Strengths and risks

Strengths

  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Quarterly profit down 30.5% on a year ago.
  • P/E of 118.4 against an industry P/E of 22.1.

Derived automatically from reported figures. Not a recommendation.

About Linde India

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…

Headquarters
Kolkata
Employees
252
Sector
Basic Materials
ISIN
INE473A01011
Website
linde.in

Price range

52 weeks

₹5,544.00₹8,049.00

Today

₹6,106.50₹7,090.00
Avg volume (3M)
29K
1-year return
plus 5.4%
From 52-week high
minus 14.8%

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ASIANPAINTAsian Paints2,546.00plus 0.88%2,44,02550.535.024.4%18.9%0.211.1%plus 1.5%
SOLARINDSSolar Industries India18,608.00plus 0.48%1,68,38474.464.129.5%27.8%0.2212.4%plus 35.9%
PIDILITINDPidilite Industries1,579.00plus 1.63%1,60,82760.044.428.5%23.5%0.037.4%plus 6.8%
LINDEINDIALinde India6,859.00plus 8.73%58,496118.464.216.3%31.5%0.23–plus 5.4%
BERGEPAINTBerger Paints India478.35minus 5.28%55,77645.429.420.6%15.3%0.154.2%minus 6.0%
FLUOROCHEMGujarat Fluorochemicals4,665.50minus 0.94%51,25175.944.09.6%24.1%0.26−4.5%plus 28.0%
ACUTAASAcutaas Chemicals3,786.60plus 0.42%31,00170.964.127.7%39.4%0.0129.4%plus 105.6%
HSCLHimadri Speciality Chemical568.15minus 0.07%28,66733.529.021.0%21.8%0.223.7%plus 22.9%
Median of 7 peers–0.42%55,77660.044.024.4%23.5%0.214.2%22.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
571701614694723
374444441494492
197257173201232
34.5%36.6%28.1%28.9%32.0%
6.555.26.67.510.7
3.25.52.75.915.8
5661.760.862.467.5
144245116140159
25.7%21.0%33.2%25.1%25.3%
10719377.4105119
12.5722.679.0812.2613.93

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
ROE
11.8%
Net profitSelect a row below to chart it
₹ CrDec 2022Mar 2024Mar 2025Mar 2026
2,5052,7682,4852,530
––minus 10.2%+1.8%
1,9272,0661,7231,620
578702762910
23.1%25.4%30.7%36.0%
90.478.473.872
4.57.312.614.5
187201214235
–6.44.40.6
477579614733
8.1%25.0%25.9%25.2%
439434455549
––+4.8%+20.7%
51.4550.9053.3364.37

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrDec 2022Mar 2024Mar 2025Mar 2026
85.385.385.385.3
2,9553,3833,7354,181
22.720.742.478.9
1,3321,3161,2801,463
4,3944,8055,1435,808
1,9552,4183,6894,221
1866171,7832,148
12.40.11.41.6
1,259979145110
981791−476−673
4,3944,8055,1435,808

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrDec 2022Mar 2024Mar 2025Mar 2026
569440584786
−193−539−1,305−705
−118−109−112−116
257−208−833−34.9
−242−572−1,331−766
326−131−74719.3
−115−102−102−102

Shareholding pattern

Source: NSE filings
75.0%
promoters
  • Promoters75.00%
  • Public25.00%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202675.00%25.00%0.00
30 Jun 202675.00%25.00%0.00
31 Mar 202675.00%25.00%0.00
31 Dec 202575.00%25.00%0.00
30 Sep 202575.00%25.00%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you