Financials Linde India Limited

Equities

Market Closed - Bombay S.E. Other stock markets 03:30:49 13/03/2026 pm IST			5-day change	1st Jan Change
6,951.30 ^INR	-3.27%		+2.33%	+16.95%

09/02	Linde India Limited Announces Chief Financial Officer Changes	CI
09/02	Linde India Ltd Dec-quarter Consol Profit 1.93 Billion Rupees	RE

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	21,120	25,053	31,355	27,687	24,854	26,131	35,264	41,569
Change	-	18.62%	25.16%	-11.7%	-10.23%	5.14%	34.95%	17.88%
EBITDA ¹	5,466	5,785	7,642	7,023	7,651	8,905	12,178	14,509
Change	-	5.83%	32.11%	-8.1%	8.94%	16.39%	36.75%	19.15%
EBIT ¹	3,652	3,914	5,113	5,014	5,513	6,500	9,309	11,505
Change	-	7.16%	30.65%	-1.95%	9.95%	17.91%	43.22%	23.59%
Interest Paid ¹	-30.54	-	-56.56	-72.69	-126.3	-170	-130	-112.5
Earnings before Tax (EBT) ¹	6,979	4,692	6,097	5,789	6,065	7,976	9,730	12,051
Change	-	-32.77%	29.94%	-5.05%	4.77%	31.51%	22%	23.85%
Net income ¹	5,072	4,388	5,381	4,341	4,548	6,308	7,362	9,093
Change	-	-13.49%	22.62%	-19.32%	4.78%	38.68%	16.7%	23.52%
Announcement Date	24/02/22	13/02/23	23/05/23	28/05/24	23/05/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q2	2021 Q3	2021 Q4	2022 Q2	2022 Q3	2022 Q4	2023 Q2	2023 Q3	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	-	5,072	6,442	-	6,860	6,970	-	6,970	-	7,114	7,062	6,301	-	6,344	6,059	5,919	-	6,778	6,834	7,361
Change	-	-	27%	-	-	1.61%	-	-	-	-	-0.72%	-10.79%	-	-	-4.5%	-2.31%	-	-	0.82%	7.71%
EBITDA ¹	-	1,302	1,481	-	1,471	1,678	-	-	-	1,736	1,862	1,785	-	1,788	1,922	2,099	-	2,175	2,282	2,432
Change	-	-	13.67%	-	-	14.11%	-	-	-	-	7.24%	-4.12%	-	-	7.44%	9.22%	-	-	4.92%	6.57%
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts ¹	-	-6.93	-9.64	-	-11.14	-	-	-	-	-11.59	-11.53	-37.94	-	-22.09	-16.12	-65.48	-	-35	-35	-40
Earnings before Tax (EBT) ¹	-	953.2	1,051	-	1,371	1,378	-	-	-	-	1,563	1,425	-	1,413	1,547	1,608	-	1,550	1,692	1,749
Change	-	-	10.25%	-	-	0.51%	-	-	-	-	-	-8.84%	-	-	9.42%	3.95%	-	-	9.16%	3.37%
Net income ¹	725	636.5	678.3	1,719	909.4	1,100	909.4	-	998.8	1,087	1,201	1,054	1,137	1,064	1,163	1,184	1,072	1,262	1,306	1,343
Change	-	-12.2%	6.57%	153.39%	-47.09%	20.97%	-17.33%	-	-	8.86%	10.43%	-12.21%	7.85%	-6.39%	9.3%	1.8%	-9.48%	17.73%	3.49%	2.83%
Announcement Date	10/08/21	12/11/21	24/02/22	09/08/22	14/11/22	13/02/23	14/11/22	13/02/23	08/08/23	06/11/23	05/02/24	28/05/24	06/08/24	07/11/24	07/02/25	23/05/25	07/08/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-9,880	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	24/02/22	13/02/23	23/05/23	28/05/24	23/05/25	-	-	-

Estimates

Fiscal Period: March	2021	2023	2024	2025	2026	2027	2028
CAPEX ¹	1,367	3,632	5,717	13,227	6,155	4,076	6,187
Change	-	-	57.42%	131.36%	-53.47%	-33.78%	51.79%
Free Cash Flow (FCF) ¹	4,522	2,660	-1,347	-7,469	9,687	5,412	1,268
Change	-	-	-150.65%	-454.4%	229.69%	-44.13%	-76.57%
Announcement Date	24/02/22	23/05/23	28/05/24	23/05/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	25.88%	23.09%	24.37%	25.37%	30.78%	34.08%	34.53%	34.9%
EBIT Margin (%)	17.29%	15.62%	16.31%	18.11%	22.18%	24.87%	26.4%	27.68%
EBT Margin (%)	33.05%	18.73%	19.44%	20.91%	24.4%	30.52%	27.59%	28.99%
Net margin (%)	24.02%	17.52%	17.16%	15.68%	18.3%	24.14%	20.88%	21.87%
FCF margin (%)	21.41%	-	8.48%	-4.87%	-30.05%	37.07%	15.35%	3.05%
FCF / Net Income (%)	89.15%	-	49.44%	-31.04%	-164.22%	153.57%	73.52%	13.94%
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	11.7%	-	18.38%	13.14%	12.48%	14.4%	16.65%	17.75%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	6.47%	-	11.58%	20.65%	53.22%	23.55%	11.56%	14.88%
CAPEX / EBITDA (%)	25.01%	-	47.52%	81.4%	172.88%	69.12%	33.47%	42.64%
CAPEX / FCF (%)	30.24%	-	136.52%	-424.33%	-177.08%	63.54%	75.31%	487.93%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	12	20	12	15	15	15
Change	-	-	-	66.67%	-40%	25%	0%	0%
Book Value Per Share ¹	-	-	368.2	406.7	447.9	478	551	639.6
Change	-	-	-	10.46%	10.13%	6.72%	15.27%	16.09%
EPS ¹	-	51.45	63.09	50.9	53.33	57.52	86.5	106.6
Change	-	-	22.62%	-19.32%	4.77%	7.86%	50.38%	23.29%
Nbr of stocks (in thousands)	-	85,284	85,284	85,284	85,284	85,284	85,284	85,284
Announcement Date	-	13/02/23	23/05/23	28/05/24	23/05/25	-	-	-