Valuation Linde India Limited

Equities

Market Closed - Bombay S.E. Other stock markets 03:30:46 06/02/2026 pm IST			5-day change	1st Jan Change
6,050.00 ^INR	+1.32%		+0.91%	+1.78%

29/12	Linde India Limited Announces Resignation of Abhijit Banerjee as Managing Director, Effective December 31, 2025	CI
29/12	Linde India appoints Milan Sadhukhan as MD from Jan 1, 2026	RE

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	5,15,970	-	-
Change	-	110.27%	6.48%	58.96%	-2.47%	-3.21%	-	-
Enterprise Value (EV) ¹	1,43,679	3,22,895	3,43,815	5,46,540	5,33,065	5,07,735	5,15,970	5,15,970
Change	-	124.73%	6.48%	58.96%	-2.47%	-4.75%	1.62%	0%
P/E ratio	-	73.6x	63.9x	126x	117x	105x	70.5x	56.6x
PBR	-	-	10.9x	15.8x	14x	12.7x	11x	9.48x
PEG	-	-	2.8x	-6.5x	24.51x	13.36x	1.4x	2.3x
Capitalization / Revenue	7.27x	12.9x	11x	19.7x	21.4x	20.6x	14.4x	11.9x
EV / Revenue	6.8x	12.9x	11x	19.7x	21.4x	20.2x	14.4x	11.9x
EV / EBITDA	26.3x	55.8x	45x	77.8x	69.7x	58.3x	41.8x	34.8x
EV / EBIT	39.3x	82.5x	67.2x	109x	96.7x	78.7x	54.4x	43.6x
EV / FCF	31.8x	-	129x	-406x	-71.4x	52.4x	95.3x	407x
FCF Yield	3.15%	-	0.77%	-0.25%	-1.4%	1.91%	1.05%	0.25%
Dividend per Share ²	-	-	12	20	12	15	15	15
Rate of return	-	-	0.3%	0.31%	0.19%	0.25%	0.25%	0.25%
EPS ²	-	51.45	63.09	50.9	53.33	57.52	85.85	106.9
Distribution rate	-	-	19%	39.3%	22.5%	26.1%	17.5%	14%
Net sales ¹	21,120	25,053	31,355	27,687	24,854	25,108	35,851	43,390
EBITDA ¹	5,466	5,785	7,642	7,023	7,651	8,710	12,354	14,828
EBIT ¹	3,652	3,914	5,113	5,014	5,513	6,455	9,485	11,824
Net income ¹	5,072	4,388	5,381	4,341	4,548	4,261	7,307	9,115
Net Debt ¹	-9,880	-	-	-	-	-8,235	-	-
Reference price ²	1,800.55	3,786.10	4,031.40	6,408.45	6,250.45	6,050.00	6,050.00	6,050.00
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	105.18x	20.22x	58.29x	0.25%	569.52Cr
LINDE PLC	29.81x	6.79x	17.3x	1.34%	21TCr
AIR PRODUCTS & CHEMICALS, INC.	21.83x	6.38x	14.66x	2.56%	6.3TCr
NIPPON SANSO HOLDINGS CORPORATION	20.1x	2.35x	9.81x	1.02%	1.54TCr
JIANGSU NATA OPTO-ELECTRONIC MATERIAL CO., LTD.	100.6x	-	-	0.19%	525.22Cr
SOL S.P.A.	25.73x	2.67x	10.66x	0.93%	503.59Cr
HANGZHOU OXYGEN PLANT GROUP CO.,LTD.	27.28x	2.23x	13.07x	1.51%	426.79Cr
GUANGZHOU GUANGGANG GASES & ENERGY CO.,LTD.	98.42x	11.43x	39.84x	0.32%	393.87Cr
AIR WATER INC.	10.36x	0.81x	6.96x	3.1%	353.44Cr
SICHUAN QIAOYUAN GAS CO.,LTD.	112.61x	-	-	-	328.22Cr
Average	55.19x	6.61x	21.32x	1.25%	3.19TCr
Weighted average by Cap.	31.66x	6.59x	17.14x	1.53%