Financials Linde India Limited

Equities

Delayed Bombay S.E. Other stock markets 12:42:23 17/07/2025 pm IST			5-day change	1st Jan Change
6,750.00 ^INR	-0.08%		-0.19%	+12.56%

23/05	Linde India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2025	CI
02/05	India's Odisha State Government Tata Steel To Enhance Crude Steel Capacity From Proposed 6.5 Mtpa To 7.1 Mtpa With Additional Investment Of 7 Billion Rupees, Creating 375 Jobs	RE

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	14,711	21,120	25,053	31,355	27,687	24,854	30,888	40,566
Change	-	43.56%	18.62%	25.16%	-11.7%	-10.23%	24.28%	31.33%
EBITDA ¹	3,766	5,466	5,785	7,642	7,023	7,651	9,726	13,464
Change	-	45.16%	5.83%	32.11%	-8.1%	8.94%	27.12%	38.44%
EBIT ¹	2,006	3,652	3,914	5,113	5,014	5,513	7,189	10,498
Change	-	82.11%	7.16%	30.65%	-1.95%	9.95%	30.41%	46.03%
Interest Paid ¹	-62.43	-30.54	-	-56.56	-72.69	-126.3	-82.5	-112.5
Earnings before Tax (EBT) ¹	2,287	6,979	4,692	6,097	5,789	6,065	7,646	10,976
Change	-	205.22%	-32.77%	29.94%	-5.05%	4.77%	26.08%	43.54%
Net income ¹	1,511	5,072	4,388	5,381	4,341	4,548	5,778	8,292
Change	-	235.69%	-13.49%	22.62%	-19.32%	4.78%	27.03%	43.5%
Announcement Date	01/03/21	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
Net sales ¹	-	5,072	6,442	-	6,860	6,970	-	6,970	-	7,114	7,062	6,301	-	7,528	7,874	8,248
Change	-	-	27%	-	-	1.61%	-	-	-	-	-0.72%	-10.79%	-	-	4.6%	4.74%
EBITDA ¹	-	1,302	1,481	-	1,471	1,678	-	-	-	1,736	1,862	1,785	-	2,049	2,113	2,307
Change	-	-	13.67%	-	-	14.11%	-	-	-	-	7.24%	-4.12%	-	-	3.12%	9.18%
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts ¹	-	-6.93	-9.64	-	-11.14	-	-	-	-	-11.59	-11.53	-37.94	-	-40	-40	-15
Earnings before Tax (EBT) ¹	-	953.2	1,051	-	1,371	1,378	-	-	-	-	1,563	1,425	-	1,482	1,502	1,631
Change	-	-	10.25%	-	-	0.51%	-	-	-	-	-	-8.84%	-	-	1.35%	8.59%
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	1,239	1,214	1,240
Change	-	-12.2%	6.57%	153.39%	-47.09%	20.97%	-17.33%	-	-	8.86%	10.43%	-12.21%	7.85%	8.98%	-1.98%	2.1%
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	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-9,880	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	01/03/21	24/02/22	13/02/23	23/05/23	28/05/24	23/05/25	-	-

Estimates

Fiscal Period: March	2020	2021	2023	2024	2025	2026	2027
CAPEX ¹	430.9	1,367	3,632	5,717	13,227	10,748	3,710
Change	-	217.3%	-	57.42%	131.36%	2,181.95%	-65.49%
Free Cash Flow (FCF) ¹	2,959	4,522	2,660	-1,347	-7,469	-2,864	6,640
Change	-	52.82%	-	-150.65%	-454.4%	55.42%	331.84%
Announcement Date	01/03/21	24/02/22	23/05/23	28/05/24	23/05/25	-	-

¹INR in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	25.6%	25.88%	23.09%	24.37%	25.37%	30.78%	31.49%	33.19%
EBIT Margin (%)	13.63%	17.29%	15.62%	16.31%	18.11%	22.18%	23.27%	25.88%
EBT Margin (%)	15.54%	33.05%	18.73%	19.44%	20.91%	24.4%	24.76%	27.06%
Net margin (%)	10.27%	24.02%	17.52%	17.16%	15.68%	18.3%	18.71%	20.44%
FCF margin (%)	20.11%	21.41%	-	8.48%	-4.87%	-30.05%	-9.27%	16.37%
FCF / Net Income (%)	195.81%	89.15%	-	49.44%	-31.04%	-164.22%	-49.57%	80.08%
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	6.86%	11.7%	-	18.38%	13.14%	12.48%	14.4%	18.15%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.93%	6.47%	-	11.58%	20.65%	53.22%	34.8%	9.14%
CAPEX / EBITDA (%)	11.44%	25.01%	-	47.52%	81.4%	172.88%	110.51%	27.55%
CAPEX / FCF (%)	14.56%	30.24%	-	136.52%	-424.33%	-177.08%	-375.28%	55.87%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	3	-	-	12	20	12	15	15
Change	-	-	-	-	66.67%	-40%	11.11%	0%
Book Value Per Share ¹	262	-	-	368.2	406.7	447.9	495.3	574.5
Change	-	-	-	-	10.46%	10.13%	11.96%	15.99%
EPS ¹	17.72	-	51.45	63.09	50.9	53.33	67.75	97.2
Change	-	-	-	22.62%	-19.32%	4.77%	25.77%	43.47%
Nbr of stocks (in thousands)	85,284	-	85,284	85,284	85,284	85,284	85,284	85,284
Announcement Date	01/03/21	-	13/02/23	23/05/23	28/05/24	23/05/25	-	-