Linde India Ltd
Linde India Limited, a subsidiary of BOC Group,UK (owns 75% stake in the co), is primarily engaged in manufacture of industrial and medical gases and construction of cryogenic and non cryogenic air separation plants.[1]
- Market Cap ₹ 57,193 Cr.
- Current Price ₹ 6,705
- High / Low ₹ 9,935 / 5,320
- Stock P/E 131
- Book Value ₹ 416
- Dividend Yield 0.06 %
- ROCE 17.4 %
- ROE 12.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 66.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 21.8%
Cons
- Stock is trading at 16.1 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Chemicals Industry: Chemicals
Part of BSE 400 MidSmallCap Index Nifty Total Market BSE MidCap Nifty MidSmallcap 400 Nifty 500
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 15m | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,324 | 1,428 | 1,491 | 1,567 | 1,825 | 2,033 | 2,192 | 1,762 | 1,471 | 2,112 | 3,136 | 2,769 | 2,624 | |
| 1,120 | 1,167 | 1,214 | 1,337 | 1,539 | 1,705 | 1,866 | 1,347 | 1,096 | 1,564 | 2,371 | 2,066 | 1,896 | |
| Operating Profit | 205 | 261 | 277 | 230 | 287 | 328 | 326 | 415 | 375 | 548 | 765 | 702 | 728 |
| OPM % | 15% | 18% | 19% | 15% | 16% | 16% | 15% | 24% | 25% | 26% | 24% | 25% | 28% |
| 74 | 59 | 11 | 22 | 34 | 11 | 23 | 862 | 44 | 348 | 109 | 77 | 76 | |
| Interest | 40 | 74 | 103 | 90 | 116 | 116 | 103 | 86 | 6 | 3 | 6 | 7 | 9 |
| Depreciation | 113 | 129 | 181 | 162 | 195 | 206 | 199 | 177 | 176 | 181 | 253 | 201 | 205 |
| Profit before tax | 126 | 117 | 4 | 1 | 10 | 16 | 47 | 1,013 | 236 | 711 | 614 | 571 | 589 |
| Tax % | 29% | 34% | -51% | -4,164% | -31% | -17% | 29% | 28% | 34% | 28% | 13% | 25% | |
| 89 | 77 | 5 | 23 | 13 | 19 | 33 | 727 | 156 | 514 | 536 | 426 | 437 | |
| EPS in Rs | 10.49 | 9.07 | 0.63 | 2.75 | 1.57 | 2.22 | 3.93 | 85.27 | 18.24 | 60.26 | 62.82 | 49.99 | 51.29 |
| Dividend Payout % | 14% | 17% | 237% | 27% | 48% | 45% | 38% | 12% | 16% | 22% | 19% | 24% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 5% |
| 3 Years: | 23% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 66% |
| 3 Years: | 42% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 61% |
| 3 Years: | 37% |
| 1 Year: | 18% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 12% |
| 3 Years: | 15% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 |
| Reserves | 1,249 | 1,342 | 1,304 | 1,307 | 1,310 | 1,322 | 1,342 | 2,052 | 2,118 | 2,606 | 3,029 | 3,349 | 3,463 |
| 1,099 | 1,528 | 1,564 | 1,388 | 1,445 | 1,282 | 1,199 | 108 | 7 | 24 | 22 | 21 | 42 | |
| 981 | 1,011 | 926 | 883 | 722 | 680 | 759 | 970 | 1,048 | 1,287 | 1,246 | 1,324 | 1,316 | |
| Total Liabilities | 3,414 | 3,966 | 3,880 | 3,664 | 3,563 | 3,369 | 3,385 | 3,215 | 3,259 | 4,003 | 4,382 | 4,780 | 4,907 |
| 1,684 | 1,665 | 2,201 | 2,158 | 2,573 | 2,498 | 2,162 | 2,035 | 1,989 | 1,869 | 1,762 | 1,822 | 1,787 | |
| CWIP | 576 | 744 | 356 | 577 | 80 | 36 | 44 | 53 | 17 | 68 | 225 | 483 | 791 |
| Investments | 15 | 15 | 15 | 15 | 15 | 15 | 0 | 0 | 2 | 2 | 16 | 27 | 34 |
| 1,139 | 1,542 | 1,308 | 915 | 895 | 821 | 1,179 | 1,127 | 1,251 | 2,064 | 2,378 | 2,448 | 2,295 | |
| Total Assets | 3,414 | 3,966 | 3,880 | 3,664 | 3,563 | 3,369 | 3,385 | 3,215 | 3,259 | 4,003 | 4,382 | 4,780 | 4,907 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 96 | 229 | 271 | 242 | 293 | 252 | 376 | 327 | 339 | 589 | 629 | 437 | |
| -166 | -385 | -264 | -58 | -128 | -59 | -73 | 981 | -54 | 98 | -306 | -539 | |
| 93 | 169 | -8 | -222 | -80 | -261 | -216 | -1,193 | -201 | -28 | -119 | -105 | |
| Net Cash Flow | 23 | 12 | -1 | -37 | 85 | -68 | 87 | 115 | 84 | 659 | 203 | -208 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85 | 74 | 75 | 78 | 71 | 63 | 61 | 79 | 101 | 73 | 47 | 63 |
| Inventory Days | 86 | 104 | 153 | 141 | 102 | 91 | 66 | 57 | 72 | 37 | 22 | 32 |
| Days Payable | 310 | 424 | 541 | 466 | 447 | 348 | 293 | 327 | 477 | 312 | 156 | 235 |
| Cash Conversion Cycle | -139 | -246 | -313 | -247 | -274 | -194 | -166 | -190 | -303 | -202 | -87 | -139 |
| Working Capital Days | -9 | -32 | -45 | 27 | -50 | -42 | -39 | -20 | 6 | -3 | -9 | -11 |
| ROCE % | 4% | 5% | 3% | 3% | 4% | 5% | 6% | 11% | 10% | 17% | 21% | 17% |
Documents
Announcements
-
Appointment Of Senior Management Personnel
2 Dec - Appointment of Ms. Sneha Bajpai as Head – HR & Administration.
-
Announcement under Regulation 30 (LODR)-Cessation
22 Nov - Resignation of Mrs. Nita Chakravarty as Head – HR & Admin.
-
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
22 Nov - Issue of Letter of Confirmation for duplicate share certificates.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 15 Nov
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
9 Nov - Letter no. Sect/121 dated 9 November 2024 attaching pdf copies of newspaper publications containing extract of Consolidated Financial Results of the Company for the quarter …
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from nse
-
Financial Year 2010
from bse
Business Segment
Gas and Related Products: It comprises of pipeline gas supplies to large industrial customers like primary steel, glass and chemical industries, supply of liquefied gases through Cryogenic tankers (Bulk) to cater to demand across a wide range of industrial sectors and compressed gas supply in cylinders (Packaged Gas) for meeting smaller demand for gases mainly across fabrication, manufacturing and construction industry.
Healthcare business: It provides high quality gases for pharmaceutical use such as medical oxygen, synthetic air and nitrous oxide in addition to providing state of the art medical gas distribution systems to major hospitals.
Project Engineering division (PED): It comprises the business of design, engineering, supply, installation, testing and commissioning of Air Separation plants and related projects on turnkey basis. [1][2]