Is Linde India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Linde India Ltd is a average quality company .

Is Linde India undervalued or overvalued?

The key valuation ratios of Linde India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Linde India share price return in the past 10 years?

Linde India Ltd share price has appreciated 30.6% annually (CAGR) over the past ten years.

Is Linde India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Linde India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Linde India Ltd - Stock Valuation and Financial Performance

Name: Linde India
Brand: Linde India

BSE: 523457 | NSE: LINDEINDIA | Industrial Gases & Fuels | Mid Cap

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Linde India Share Price

₹6,375.70 -261.20 -3.94%
as on 21-Nov'24 16:59

10 Year X-Ray of Linde India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24	TTM
ROCE % ⓘ	3.6%	3.2%	4.5%	4.8%	5.6%	45.1%	10.9%	29.2%	21.4%	17.7%	-
Value Creation Index ⓘ	-0.7	-0.8	-0.7	-0.7	-0.6	2.3	-0.2	1.6	0.9	0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,491	1,567	1,825	2,033	2,192	1,762	1,471	2,112	3,136	2,769	2,624
Sales YoY Gr.	-	5.1%	16.5%	11.4%	7.8%	-19.6%	-16.5%	43.6%	48.5%	-11.7%	-
Adj EPS ⓘ	0.1	2.2	0.3	2.9	4.5	16.4	17.8	36.2	61.9	49.5	51.3
YoY Gr.	-	3100%	-86.6%	850%	57.9%	265.1%	8.2%	103.6%	71.1%	-20%	-
BVPS (₹) ⓘ	162.8	163.2	163.6	165.1	167.3	250.6	258.4	315.5	364.9	402.5	416.1
Adj Net Profit ⓘ	0.6	19.1	2.6	24.3	38.4	140	152	309	528	422	437
Cash Flow from Ops. ⓘ	271	242	293	252	376	327	339	589	629	437	-
Debt/CF from Ops. ⓘ	5.8	5.7	4.9	5.1	3.2	0.3	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.1%	4.8%	23.5%	-11.7%
Adj EPS ⓘ	107.3%	61.5%	40.7%	-20%
BVPSⓘ	10.6%	19.2%	15.9%	10.3%
Share Price	30.6%	59%	36.3%	6.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	0	1.4	0.2	1.7	2.7	7.9	7	12.6	18.2	12.9	12.5
Op. Profit Mgn % ⓘ	17.7	14.4	15.7	16.2	15.2	23.8	25.9	25.9	24.4	25.2	27.7
Net Profit Mgn % ⓘ	0	1.2	0.1	1.2	1.8	8	10.3	14.6	16.8	15.2	16.7
Debt to Equity ⓘ	1.1	1	1	0.9	0.8	0.1	0	0	0	0	0
Working Cap Days ⓘ	321	237	155	136	133	174	220	214	199	272	133
Cash Conv. Cycle ⓘ	4	22	17	16	16	2	-12	-30	-25	-29	59

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 23.46%

Net Profit is growing at healthy rate in last 3 years 40.68%

Return on Equity has declined versus last 3 years average to 12.50%

Sales growth is not so good in last 4 quarters at -4.73%

Latest Financials - Linde India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	51.3	52.3
TTM Sales (₹ Cr.)	2,624	2,624
BVPS (₹.) ⓘ	416.1	420.5
Reserves (₹ Cr.) ⓘ	3,463	3,501
P/BV ⓘ	15.95	15.78
PE ⓘ	129.40	127.03

From the Market
52 Week Low / High (₹)	5320.00 / 9909.00
All Time Low / High (₹)	14.65 / 9909.00
Market Cap (₹ Cr.)	56,602
Equity (₹ Cr.)	85.3
Face Value (₹)	10
Industry PE ⓘ	15.7

Management X-Ray of Linde India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Linde India

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Linde India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24
Sales	1,491	1,567	1,825	2,033	2,192	1,762	1,471	2,112	3,136	2,769
Operating Expenses ⓘ	1,227	1,341	1,539	1,705	1,866	1,348	1,096	1,566	2,372	2,072
Manufacturing Costs	703	833	919	1,034	1,001	513	479	604	757	790
Material Costs	169	169	247	273	392	418	346	687	1,259	971
Employee Cost	91	92	99	116	127	114	69	50	64	54
Other Costs ⓘ	264	246	274	282	346	303	203	225	293	257
Operating Profit ⓘ	265	226	287	328	325	414	375	546	763	697
Operating Profit Margin (%)	17.7%	14.4%	15.7%	16.1%	14.8%	23.5%	25.5%	25.8%	24.3%	25.2%
Other Income ⓘ	23	36	34	17	24	22	33	56	110	83
Interest ⓘ	103	90	116	116	103	86	6	3	6	7
Depreciation ⓘ	181	162	195	206	199	177	176	181	253	201
Exceptional Items ⓘ	0	-10	0	-6	0	841	11	294	0	0
Profit Before Tax ⓘ	4	1	10	16	47	1,013	236	711	614	571
Tax ⓘ	-2	-23	-3	-3	14	286	81	197	79	145
Profit After Tax	5	23	13	19	33	727	156	514	536	426
PAT Margin (%)	0.4%	1.5%	0.7%	0.9%	1.5%	41.3%	10.6%	24.3%	17.1%	15.4%
Adjusted EPS (₹)	0.6	2.8	1.6	2.2	3.9	85.3	18.2	60.3	62.8	50.0
Dividend Payout Ratio (%)	237%	27%	48%	45%	38%	12%	16%	22%	19%	24%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,389	1,393	1,395	1,408	1,427	2,137	2,204	2,691	3,112	3,433
Share Capital ⓘ	85	85	85	85	85	85	85	85	85	85
Reserves ⓘ	1,304	1,307	1,310	1,322	1,342	2,052	2,118	2,606	3,027	3,348
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	1,252	1,388	1,090	926	666	8	0	0	0	0
Long Term Debt	1,102	1,338	990	776	417	0	0	0	0	0
Short Term Debt	150	50	100	150	250	8	0	0	0	0
Trade Payables	251	216	302	261	315	374	452	588	539	624
Others Liabilities ⓘ	1,051	667	776	774	977	695	604	1,231	1,408	1,554
Total Liabilities ⓘ	3,944	3,664	3,563	3,369	3,385	3,215	3,259	4,510	5,059	5,612
Fixed Assets
Gross Block	3,054	3,154	2,762	2,891	2,690	2,729	2,846	2,902	3,020	3,273
Accumulated Depreciation	853	997	188	394	528	694	857	1,034	1,258	1,452
Net Fixed Assetsⓘ	2,201	2,158	2,574	2,498	2,162	2,035	1,989	1,869	1,762	1,822
CWIP ⓘ	356	577	80	36	44	53	17	68	225	483
Investmentsⓘ	15	15	15	15	0	0	2	2	16	27
Inventories	71	65	69	68	71	65	69	69	77	85
Trade Receivables	307	336	357	353	365	383	407	423	401	481
Cash Equivalents	57	21	106	39	125	241	326	988	1,191	980
Others Assetsⓘ	936	492	361	361	618	438	449	1,091	1,385	1,734
Total Assets ⓘ	3,944	3,664	3,563	3,369	3,385	3,215	3,259	4,510	5,059	5,612

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	271	242	293	252	376	327	339	589	629	437
PBT ⓘ	4	1	10	16	47	1,013	236	711	614	571
Adjustment ⓘ	279	228	291	319	285	-586	163	-149	164	136
Changes in Working Capital ⓘ	10	4	-2	-78	51	-87	-32	102	42	-117
Tax Paid ⓘ	-22	10	-7	-5	-8	-13	-29	-75	-191	-153
Cash Flow From Investing Activity ⓘ	-264	-58	-128	-59	-73	981	-54	98	-306	-539
Capex	-267	-61	-132	-68	-89	1,330	-36	113	-343	-564
Net Investments	0	-1	0	-1	0	0	-3	1	-24	-41
Others ⓘ	2	4	4	9	16	-348	-15	-15	61	66
Cash Flow From Financing Activityⓘ	-8	-222	-80	-261	-216	-1,193	-201	-28	-119	-105
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-136	-127	-122	-117	-104	-98	-5	-1	-3	-2
Dividend Paid ⓘ	-13	-13	-6	-6	-9	-13	-85	-26	-115	-102
Others ⓘ	140	-81	49	-137	-103	-1,082	-111	-2	-2	-1
Net Cash Flow ⓘ	-1	-37	85	-68	87	115	84	659	203	-208

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24
Ratios
ROE (%)	0.38	1.69	0.96	1.35	2.36	40.81	7.17	21	18.46	13.03
ROCE (%)	3.6	3.16	4.48	4.8	5.64	45.13	10.91	29.19	21.39	17.66
Asset Turnover Ratio	0.41	0.45	0.55	0.61	0.65	0.53	0.45	0.54	0.66	0.52
PAT to CFO Conversion(x)	54.2	10.52	22.54	13.26	11.39	0.45	2.17	1.15	1.17	1.03
Working Capital Days
Receivable Days	68	69	64	61	60	77	98	72	48	58
Inventory Days	17	15	12	12	12	14	17	12	9	11
Payable Days	605	503	383	376	268	301	436	276	163	219

Linde India Ltd Stock News

Linde India Ltd FAQs

What is the share price of Linde India?

Company share prices are keep on changing according to the market conditions. The closing price of Linde India on 21-Nov-2024 16:59 is ₹6,375.7.

What is the market cap of Linde India?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Linde India stood at ₹56,602.3.

What is the P/E ratio of Linde India?

The latest P/E ratio of Linde India as of 21-Nov-2024 16:59 is 129.4.

What is the P/B ratio of Linde India?

The latest P/B ratio of Linde India as of 21-Nov-2024 16:59 is 15.95.

What is the 52-week high and low of Linde India?

The 52-week high of Linde India is ₹9,909 and the 52-week low is ₹5,320.

What is the TTM revenue of Linde India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Linde India is ₹2,624 ( Cr.) .

About Linde India Ltd

Linde India formerly BOC India (BOCI) is engaged in manufacturing of industrial gases and undertaking engineering projects. Incorporated in 1935 as the Indian Oxygen and Acetylene Company, it is subsidiary of the Linde Group.

The company supplies more than 20,000 gases and mixtures - that makes steel plants more efficient, helps conserving environment, preservation of food, helping hospitals sustain lives and in general makes customers more productive.

The company owns one of the Asiaâ€™s largest air separation units. The company owns more than 20 manufacturing units, 40 warehouses and depots, 100 dealers and more than 100 dedicated tankers in the distribution fleet.

Products

Industrial Gases- BOCI is the largest industrial gases company in India. It produces range of industrial gases that includes atmospheric gases and process gases. Under atmospheric gases, it produces Argon, Nitrogen, Oxygen, Krypton, Xenon and Neon.

Under process Gases it produces Hydrogen, Helium, Carbon dioxide, Acetylene, and Speciality gases. The company has capability to produces gases in pure form or in mixtures for a very wide variety of industrial purposes.

Medical Gases- The company is largest supplier of medical gases in India. Under this the company produces medical oxygen, nitrous oxide, home care products, oxygen concentrators and entonox.

Speciality Gases- The company manufactures and markets 20,000 special gases and mixtures. These gases cater to various industries such as Petrochemicals, Pharmaceuticals, Electronics, Semi-conductor, Paper, Cement, Power, Refineries, Hospitals and Universities.

Projects- This division is engineering and technology centre that is engaged in design, project engineering and execution. The company has an engineering and execution experience in the field of steel manufacturing, food processing, electronics, waste water treatment, chemical processes, coating high performance glass, metal cutting and fabrication, high pressure water de-scaling, surface treatment of raw materials, sophisticated clean room engineering processes, fertilizers, petrochemicals, defence, space research and many others.

Important events

2010
Enters North India market with its stand alone ASU of 221 tpd capacity

2011

Brings on stream its 420 tpd ASU in Kalinganagar, Odisha for Jindal Stainless
Acquisition of Cryogenic Food Gases
Commencement of commercial Production at the Company's 418 tpd Air Separation Unit at Kalinganagar, Orissa.

2012

Starts construction of two large ASUs in Kalinganagar in Odisha, each with a capacity 1,200 tpd of gases to supply Tata Steel's greenfield steelworks from 2014
Company has changed its name from BOC India Ltd. to Linde India Ltd.