Valuation Linde India Limited

Equities

Market Closed - Bombay S.E. Other stock markets 09:39:25 12/05/2026 am IST			5-day change	1st Jan Change
7,629.90 ^INR	-1.40%		+1.26%	+27.63%

30/03	JM Financial Starts Linde India at Sell with INR6,150 Price Target	MT
09/02	Linde India Limited Announces Chief Financial Officer Changes	CI

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	1,53,559	3,22,895	3,43,815	5,46,540	5,33,065	6,59,951	-	-
Change	-	110.27%	6.48%	58.96%	-2.47%	23.8%	-	-
Enterprise Value (EV) ¹	1,43,679	3,22,895	3,43,815	5,46,540	5,33,065	6,58,042	6,54,326	6,47,473
Change	-	124.73%	6.48%	58.96%	-2.47%	23.44%	-0.56%	-1.05%
P/E ratio	-	73.6x	63.9x	126x	117x	117x	95.1x	77.1x
PBR	-	-	10.9x	15.8x	14x	15.9x	14x	12.2x
PEG	-	-	2.8x	-6.5x	24.51x	5x	4x	3.3x
Capitalization / Revenue	7.27x	12.9x	11x	19.7x	21.4x	25.1x	19.6x	16.8x
EV / Revenue	6.8x	12.9x	11x	19.7x	21.4x	25.1x	19.5x	16.5x
EV / EBITDA	26.3x	55.8x	45x	77.8x	69.7x	69.6x	56.1x	46.8x
EV / EBIT	39.3x	82.5x	67.2x	109x	96.7x	93.7x	74.2x	59.8x
EV / FCF	31.8x	-	129x	-406x	-71.4x	-750x	130x	147x
FCF Yield	3.15%	-	0.77%	-0.25%	-1.4%	-0.13%	0.77%	0.68%
Dividend per Share ²	-	-	12	20	12	15	15	15
Rate of return	-	-	0.3%	0.31%	0.19%	0.19%	0.19%	0.19%
EPS ²	-	51.45	63.09	50.9	53.33	65.9	81.4	100.4
Distribution rate	-	-	19%	39.3%	22.5%	22.8%	18.4%	14.9%
Net sales ¹	21,120	25,053	31,355	27,687	24,854	26,246	33,628	39,286
EBITDA ¹	5,466	5,785	7,642	7,023	7,651	9,453	11,660	13,839
EBIT ¹	3,652	3,914	5,113	5,014	5,513	7,025	8,816	10,836
Net income ¹	5,072	4,388	5,381	4,341	4,548	5,964	6,931	8,560
Net Debt ¹	-9,880	-	-	-	-	-1,909	-5,625	-12,478
Reference price ²	1,800.55	3,786.10	4,031.40	6,408.45	6,250.45	7,738.25	7,738.25	7,738.25
Nbr of stocks (in thousands)	85,284	85,284	85,284	85,284	85,284	85,284	-	-
Announcement Date	24/02/22	13/02/23	23/05/23	28/05/24	23/05/25	-	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
LINDE INDIA LIMITED	118.46x	25.29x	70.23x	0.19%	704.93Cr
LINDE PLC	30.01x	6.98x	17.72x	1.31%	23TCr
AIR PRODUCTS & CHEMICALS, INC.	22.54x	6.47x	15.27x	2.45%	6.58TCr
NIPPON SANSO HOLDINGS CORPORATION	19.96x	2.34x	9.83x	1.02%	1.56TCr
PERIC SPECIAL GASES CO., LTD.	65.98x	-	-	-	621.55Cr
SOL S.P.A.	30.97x	3.16x	12.62x	0.77%	604.24Cr
JIANGSU NATA OPTO-ELECTRONIC MATERIAL CO., LTD.	82x	-	-	-	550.04Cr
GUANGZHOU GUANGGANG GASES & ENERGY CO.,LTD.	85.99x	12.76x	38.09x	0.42%	536.11Cr
HANGZHOU OXYGEN PLANT GROUP CO., LTD.	25.32x	1.92x	10.68x	1.61%	429.58Cr
Average	53.47x	8.42x	24.92x	1.11%	3.82TCr
Weighted average by Cap.	32.25x	7.01x	18.12x	1.47%