A closer look at Linde India (LINDEINDIA): its financials, valuation picture, and who owns the stock.
Linde India Revenue Trend
Linde India posted FY2026 revenue of ₹2,531 Cr, 1.8% ahead of the ₹2,485 Cr recorded in FY2025.
Revenue has compounded at just 4.5% annually over 11 years. That pace isn't likely to excite most investors.
With a revenue base of ₹2,531 Cr, Linde India sits in the mid-sized bracket among chemicals - organic companies in India.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹2,531 Cr | +1.8% |
| FY2025 | ₹2,485 Cr | -10.2% |
| FY2024 | ₹2,769 Cr | -11.7% |
| FY2023 | ₹3,136 Cr | +48.5% |
| FY2021 | ₹2,112 Cr | — |
View Linde India's full 10-year revenue trend with CAGR analysis →
Linde India Profitability
FY2026 earnings were strong at ₹549 Cr, a 20.7% increase over the ₹455 Cr posted in FY2025.
Margins improved as well, with net margin climbing to 21.7% from 18.3%.
Diluted earnings per share rose to ₹64.37 in FY2026, up from ₹53.33 a year earlier.
Is Linde India Undervalued
Shares of Linde India currently trade at ₹6,980.50.
Craytheon calculates intrinsic value using the P/E Ratio, DCF, and EPS Growth models. All three appear in the Valuation Models cards below.
Valuation Models
Linde India Shareholding Pattern
The promoter stake stands at 75.0% and has held flat for the past 4 quarters.
FII holding is at 2.0% as of June 2026, down from 2.4% a year earlier.
DII ownership stands at 6.8%, level with the 6.8% recorded a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 75.0% | 2.0% | 6.8% | 16.2% |
| Mar 2026 | 75.0% | 2.0% | 6.9% | 16.1% |
| Dec 2025 | 75.0% | 2.0% | 6.9% | 16.0% |
| Sep 2025 | 75.0% | 2.4% | 6.8% | 15.9% |
Track quarterly shareholding changes for Linde India →
Linde India Balance Sheet
Proportional view as of 3 Aug 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2026 total assets: ₹58.08B (up 12.9% YoY from ₹51.43B).
Top categories: Property, Plant & Equipment (57.3%), Other Assets (28.2%), Receivables (8.7%).
Of the ₹58.08B in liabilities and equity, 73.5% is shareholder equity, 1.4% is interest-bearing debt, and 25.2% is operating liabilities. Over the year, debt is up 86.3% and equity is up 11.7%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 1.10B |
| Receivables | 5.08B |
| Inventories | 1.23B |
| Property, Plant & Equipment | 33.29B |
| Investments | 820.21M |
| Intangibles & Goodwill | 197.84M |
| Other Assets | 16.36B |
| Category | Value |
|---|---|
| Equity | 42.67B |
| Short-term Debt | 36.37M |
| Long-term Debt | 752.79M |
| Trade Payables | 5.75B |
| Other Liabilities | 8.88B |
Linde India at a Glance
Here's the takeaway on Linde India (LINDEINDIA), based on the latest available financials.
FY2026 revenue came in at ₹2,531 Cr, up 1.8% year-over-year.
Revenue has compounded at 4.5% annually over the past 11 years.
The company is profitable, posting a net margin of 21.7% on net income of ₹549 Cr.
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