Linde India Ltd. (LINDEINDIA) AI Stock Analysis

• Market Cap: ₹538.57B
• Dividend Yield: 0.07%
• Average Volume (3M): 1.68K
• Price to Earnings (P/E): 121.2
• Beta (1Y): 1.04
• Revenue Growth: -11.02%
• EPS Growth: 0.10%
• 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: 947
• 30 Day Avg. Volume: 1,680
• PEG Ratio: 24.38
• Price to Book (P/B): 13.86
• Price to Sales (P/S): 21.30
• P/FCF Ratio: -70.89
• 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: ₹6,623.00
• Price Target Upside: 4.88% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 58 Neutral
• Price Target: ₹6,623.00 ▲(4.88% Upside)

Linde India Ltd.'s overall stock score is driven by its strong financial performance, despite challenges in revenue growth and cash flow management. The technical analysis indicates a bearish trend, and the high P/E ratio suggests overvaluation, which impacts the overall score negatively.

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, nitrogen, and argon gases. This segment engages in provision of pipeline gas supply to steel, glass, and chemical industries; liquefied gases through cryogenic tankers to various industrial sectors; and compressed gas in cylinders to fabrication, manufacturing, and construction industries. It also offers gases, such as medical oxygen, synthetic air, and nitrous oxide for pharmaceutical use, as well as medical gas distribution systems to hospitals. The Project Engineering segment is involved in the design and engineering, supply, installation, testing, and commissioning of air separation plants and related projects on turnkey basis. This segment also manufactures distillation columns for air separation plants, cryogenic liquid storage tanks, ambient and steam bath vaporizers, process vessels, LINIT plants, small sized cold boxes, and containerized micro plants for cylinder filling for in-house use, as well as for sale to third party customers. In addition, it supplies range of gases and mixtures; and provides related services, including the construction and installation of plants, equipment, pipelines, and associated engineering services to various industries. The company was formerly known as BOC India Limited and changed its name to Linde India Limited in February 2013. The company was incorporated in 1935 and is headquartered in Kolkata, India. Linde India Limited operates as a subsidiary of The BOC Group Limited.

How the Company Makes Money

Linde India Ltd. generates revenue primarily through the sale of industrial gases and related services. The company's business model revolves around the production and distribution of gases like oxygen, nitrogen, and hydrogen, which are essential for various industrial and healthcare applications. Their revenue streams include on-site gas supply contracts, packaged gas solutions, and bulk liquid gas deliveries. Additionally, Linde India's partnerships with key industries and long-term contracts with major clients help stabilize its cash flow and ensure sustained profitability. The company also benefits from its integration within the global Linde Group, leveraging advanced technologies and operational efficiencies to enhance its competitive edge in the market.

Linde India Ltd. Financial Statement Overview

Summary

Linde India Ltd. demonstrates strong profitability and a stable financial position with excellent margins and a solid equity base. However, the decrease in revenue and negative free cash flow require attention. The company should focus on improving cash flow management to enhance long-term financial performance.

Income Statement

Linde India Ltd. shows a strong financial performance with a consistent increase in EBIT and EBITDA margins over the past years, indicating efficient operations and cost management. However, total revenue has decreased in the latest period compared to the previous year, leading to a negative revenue growth rate. Despite this, the company maintains a healthy net profit margin, showcasing profitability.

Balance Sheet

The balance sheet reflects a robust financial position with a strong equity base and low debt levels, resulting in a favorable debt-to-equity ratio. The equity ratio is high, indicating a solid capital structure. Return on equity remains strong, contributing to overall financial health and stability.

Cash Flow

Linde India's cash flow statement shows substantial operating cash flow relative to net income, highlighting effective cash management. However, negative free cash flow due to high capital expenditures is a concern, impacting the company's ability to generate surplus cash for other uses. Free cash flow growth rate is negative, indicating potential cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	24.98B	24.85B	27.68B	26.01B	21.12B	14.71B
Gross Profit	15.45B	14.64B	9.13B	10.73B	14.17B	11.17B
EBITDA	8.37B	8.33B	7.10B	6.27B	6.08B	4.09B
Net Income	4.55B	4.55B	4.34B	4.72B	5.07B	1.51B
Balance Sheet
Total Assets	51.43B	51.43B	48.55B	44.00B	40.17B	32.72B
Cash, Cash Equivalents and Short-Term Investments	1.47B	1.47B	9.83B	11.87B	9.85B	3.38B
Total Debt	423.71M	423.71M	206.90M	0.00	242.93M	69.03M
Total Liabilities	13.23B	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: Negative
• Last Price: 6315.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 6315.05 is below the 20-day moving average (MA) of 6426.03, below the 50-day MA of 6444.49, and below the 200-day MA of 6436.17, indicating a bearish trend. The MACD of -21.01 indicates Positive momentum. The RSI at 41.95 is Neutral, neither overbought nor oversold. The STOCH value of 23.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:LINDEINDIA.

Linde India Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GSFC	68 Neutral	78.66B	12.25	4.87%	2.53%	3.26%	19.18%
BASF	63 Neutral	195.65B	49.42	13.18%	0.44%	5.63%	-41.01%
HSCL	62 Neutral	223.59B	36.37	14.93%	0.13%	2.17%	28.95%
LINDEINDIA	58 Neutral	₹538.57B	121.20	―	0.07%	-11.02%	0.10%
RCF	58 Neutral	79.39B	27.75	5.11%	0.86%	-8.23%	69.99%
TATACHEM	57 Neutral	237.08B	70.35	1.09%	1.18%	-1.17%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%