Linde India Ltd. (LINDEINDIA) AI Stock Analysis

• Market Cap: ₹611.71B
• Dividend Yield: 0.08%
• Average Volume (3M): 1.44K
• Price to Earnings (P/E): 65.7
• Beta (1Y): 1.00
• Revenue Growth: -8.04%
• EPS Growth: 15.11%
• Country: IN
• Employees: 269
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): N/A
• Shares Outstanding: 85,284,225
• 10 Day Avg. Volume: 845
• 30 Day Avg. Volume: 1,438
• PEG Ratio: 24.38
• Price to Book (P/B): 13.86
• Price to Sales (P/S): 21.30
• P/FCF Ratio: -70.88
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 72
• Revenue Forecast (FY): ₹28.88B

• Rating: 69 Neutral
• Price Target: ₹8,102.00 ▲(36.61% Upside)
• Action: Reiterated Date: 03/25/26
• Date: Action: Reiterated 03/25/26

The score is primarily supported by strong financial fundamentals (healthy margins and a robust, low-debt balance sheet) and a clear bullish technical trend. These positives are tempered by premium valuation (high P/E and very low dividend yield) and cash flow pressure from negative free cash flow and the latest revenue decline.

Positive Factors

Balance sheet strength

Low leverage and a strong equity base give the company durable financial flexibility to fund on-site plant builds, withstand cyclical demand, and access capital on favorable terms. This supports long-term project execution and preserves strategic optionality for growth investments.

Negative Factors

Sharp revenue decline

A pronounced revenue decline (around -61% in the reported period) signals demand or volume pressures that can materially erode scale advantages. If sustained, lower volumes can reduce plant utilization, compress per-unit margins, and impair return on recent capital investments.

Linde India Ltd. Business Overview & Revenue Model

Company Description

Linde India Limited primarily operates as an industrial gases company in India. The company operates in two segments, Gases and Related Products, and Project Engineering. The Gases and Related Products segment primarily produces and sells oxygen, ...

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Linde India Limited primarily operates as an industrial gases company in India. The company operates in two segments, Gases and Related Products, and Project Engineering. The Gases and Related Products segment primarily produces and sells oxygen, ...

How the Company Makes Money

Linde India primarily makes money by producing and supplying industrial and medical gases and related services through multiple go-to-market models. A major revenue stream comes from long-term, volume-linked supply arrangements with large industri...

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Linde India primarily makes money by producing and supplying industrial and medical gases and related services through multiple go-to-market models. A major revenue stream comes from long-term, volume-linked supply arrangements with large industri...

Linde India Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	24.03B	24.85B	27.68B	25.05B	21.12B	14.71B
Gross Profit	18.94B	19.13B	17.91B	14.78B	14.25B	7.70B
EBITDA	8.38B	8.40B	7.87B	6.84B	8.82B	4.11B
Net Income	4.48B	4.55B	4.34B	4.39B	5.07B	1.51B
Balance Sheet
Total Assets	0.00	51.43B	48.55B	44.00B	40.17B	32.72B
Cash, Cash Equivalents and Short-Term Investments	1.45B	1.47B	9.83B	11.87B	9.85B	3.38B
Total Debt	0.00	423.71M	206.90M	0.00	242.93M	69.03M
Total Liabilities	-38.20B	13.23B	13.87B	9.34B	13.02B	10.38B
Stockholders Equity	38.20B	38.20B	34.68B	24.41B	27.15B	22.34B
Cash Flow
Free Cash Flow	0.00	-7.47B	-687.84M	2.13B	4.52B	2.69B
Operating Cash Flow	0.00	5.84B	5.03B	5.03B	5.89B	3.39B
Investing Cash Flow	0.00	-13.05B	-6.05B	-2.45B	984.26M	-541.36M
Financing Cash Flow	0.00	-1.12B	-1.05B	-955.57M	-281.55M	-2.01B

Linde India Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5930.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LINDEINDIA, the sentiment is Positive. The current price of 5930.9 is below the 20-day moving average (MA) of 7050.60, below the 50-day MA of 6671.32, and below the 200-day MA of 6354.66, indicating a bullish trend. The MACD of 126.44 indicates Positive momentum. The RSI at 54.79 is Neutral, neither overbought nor oversold. The STOCH value of 57.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:LINDEINDIA.

Linde India Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LINDEINDIA	69 Neutral	₹611.71B	65.68	―	0.08%	-8.04%	15.11%
HSCL	68 Neutral	₹236.81B	31.76	―	0.12%	-2.24%	31.43%
GSFC	62 Neutral	₹64.06B	11.49	―	2.80%	15.25%	26.49%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RCF	60 Neutral	₹69.24B	24.87	―	0.93%	-3.19%	59.25%
BASF	59 Neutral	₹154.78B	40.15	―	0.51%	0.43%	-42.29%
TATACHEM	54 Neutral	₹165.13B	-52.43	―	1.42%	-1.99%	―

Linde India Ltd. Corporate Events