Business description: Linde India Limited

Linde India Limited is an India-based industrial gases and engineering company. The Company operates through two segments: Gases and Related Products and Project Engineering Division (PED). The Gases and Related Products segment comprises pipeline gas supplies (Onsite) to industrial customers mainly in the primary steel, glass and chemical industries, and supply of liquefied gases through cryogenic tankers (Bulk) to cater to mid-size demands across a 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. It owns and operates 35 production facilities and filling stations across the country. PED comprises the business of designing, supplying, installing, and commissioning of tonnage air separation units (ASU) of medium to large size, and projects relating to setting up of nitrogen plants, pressure swing adsorption (PSA) plants and gas distribution systems.

Number of employees: 256

Sales by Activity: Linde India Limited

Fiscal Period: March 2020 (INR) 2021 (INR) 2023 (INR) 2024 (INR) 2025 (INR)

Gases, Related Products & Services

1.2TCr 1.66TCr 2.21TCr 2TCr 2.04TCr

Project Engineering

285.5Cr 457.87Cr 1.05TCr 1.16TCr 1.11TCr

Inter Segment Elimination

-14Cr -6.98Cr -124.94Cr -395.56Cr -660.56Cr

Geographical breakdown of sales: Linde India Limited

Fiscal Period: March 2020 (INR) 2021 (INR) 2023 (INR) 2024 (INR) 2025 (INR)

India

1.42TCr 2.09TCr 3.07TCr 2.74TCr 2.44TCr

outside India

50Cr 19Cr 59Cr 32Cr 49Cr

Unallocated

52.6L 42L 1.72Cr 29L 15.4L

Executive Committee: Linde India Limited

Manager TitleAgeSince
Chief Executive Officer 50 01/01/2026
Compliance Officer 40 01/03/2023

Composition of the Board of Directors: Linde India Limited

Director TitleAgeSince
Director/Board Member 60 10/07/2018
Director/Board Member 50 29/07/2021
Chairman 58 15/02/2023
Director/Board Member - 23/09/2024
Director/Board Member 68 23/09/2024
Director/Board Member 50 01/01/2026

Shareholders: Linde India Limited

NameEquities%Valuation
75 %
6,39,63,167 75 % 4 169 M ₹
Nippon Life India Asset Management Ltd. (Invt Mgmt)
2.864 %
24,42,189 2.864 % 159 M ₹
1.987 %
16,94,876 1.987 % 110 M ₹
Kotak Mahindra Asset Management Co. Ltd.
1.255 %
10,70,705 1.255 % 70 M ₹
Baroda BNP Paribas Asset Management India Pvt Ltd.
0.7148 %
6,09,648 0.7148 % 40 M ₹

Company details: Linde India Limited

Linde India Ltd.

Oxygen House

700088, Kolkata

+91 33 6602 1600

http://www.lindeindia.in
address Linde India Limited(LINDEINDIA)

Industrial Gas

Change 5d. change 1-year change 3-years change Capi.($)
+0.89%+1.02%+11.85%+82.50% 630.38Cr
-1.09%-4.59%+3.99%+35.38% 22TCr
-1.51%-1.27%-12.47%-7.14% 6.06TCr
-0.16%-3.77%+19.95%+131.05% 1.58TCr
+0.38%+1.94%+43.13%+121.01% 553.33Cr
-1.34%-9.40%+57.20%+98.24% 516.73Cr
-1.94%+0.39%+128.12% - 493.45Cr
+0.44%-2.58%+56.54%-16.69% 449.7Cr
+0.18%-6.30%+49.43% - 349.51Cr
-1.03%-2.14%+99.05%+142.98% 336.17Cr
Average -0.52%-2.83%+45.68%+73.42% 3.34TCr
Weighted average by Cap. -1.04%-3.74%+7.35%+35.88%
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
6,792.80INR
Average target price
7,039.00INR
Spread / Average Target
+3.62%

Quarterly revenue - Rate of surprise

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