Linde India Ltd
₹ 8,167
0.28%
22 Jul
12:22 p.m.
About
Linde India Limited, a subsidiary of BOC Group,UK (owns 75% stake in the co), is primarily engaged in manufacture of industrial and medical gases and construction of cryogenic and non cryogenic air separation plants.[1]
Key Points
- Market Cap ₹ 69,646 Cr.
- Current Price ₹ 8,167
- High / Low ₹ 9,935 / 4,561
- Stock P/E 165
- Book Value ₹ 403
- Dividend Yield 0.05 %
- ROCE 17.4 %
- ROE 12.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 66.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 21.8%
Cons
- Stock is trading at 19.8 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,324 | 1,428 | 1,491 | 1,567 | 1,825 | 2,033 | 2,192 | 1,762 | 1,471 | 2,112 | 3,136 | 2,769 | |
| 1,120 | 1,167 | 1,214 | 1,337 | 1,539 | 1,705 | 1,866 | 1,347 | 1,096 | 1,564 | 2,371 | 2,066 | |
| Operating Profit | 205 | 261 | 277 | 230 | 287 | 328 | 326 | 415 | 375 | 548 | 765 | 702 |
| OPM % | 15% | 18% | 19% | 15% | 16% | 16% | 15% | 24% | 25% | 26% | 24% | 25% |
| 74 | 59 | 11 | 22 | 34 | 11 | 23 | 862 | 44 | 348 | 109 | 77 | |
| Interest | 40 | 74 | 103 | 90 | 116 | 116 | 103 | 86 | 6 | 3 | 6 | 7 |
| Depreciation | 113 | 129 | 181 | 162 | 195 | 206 | 199 | 177 | 176 | 181 | 253 | 201 |
| Profit before tax | 126 | 117 | 4 | 1 | 10 | 16 | 47 | 1,013 | 236 | 711 | 614 | 571 |
| Tax % | 29% | 34% | -51% | -4,164% | -31% | -17% | 29% | 28% | 34% | 28% | 13% | 25% |
| 89 | 77 | 5 | 23 | 13 | 19 | 33 | 727 | 156 | 514 | 536 | 426 | |
| EPS in Rs | 10.49 | 9.07 | 0.63 | 2.75 | 1.57 | 2.22 | 3.93 | 85.27 | 18.24 | 60.26 | 62.82 | 49.99 |
| Dividend Payout % | 14% | 17% | 237% | 27% | 48% | 45% | 38% | 12% | 16% | 22% | 19% | 24% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 5% |
| 3 Years: | 23% |
| TTM: | -12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 66% |
| 3 Years: | 42% |
| TTM: | -20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 37% |
| 5 Years: | 75% |
| 3 Years: | 69% |
| 1 Year: | 78% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 12% |
| 3 Years: | 15% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 |
| Reserves | 1,249 | 1,342 | 1,304 | 1,307 | 1,310 | 1,322 | 1,342 | 2,052 | 2,118 | 2,606 | 3,029 | 3,349 |
| 1,099 | 1,528 | 1,564 | 1,388 | 1,445 | 1,282 | 1,199 | 108 | 7 | 24 | 22 | 21 | |
| 981 | 1,011 | 926 | 883 | 722 | 680 | 759 | 970 | 1,048 | 1,287 | 1,246 | 1,324 | |
| Total Liabilities | 3,414 | 3,966 | 3,880 | 3,664 | 3,563 | 3,369 | 3,385 | 3,215 | 3,259 | 4,003 | 4,382 | 4,780 |
| 1,684 | 1,665 | 2,201 | 2,158 | 2,573 | 2,498 | 2,162 | 2,035 | 1,989 | 1,869 | 1,762 | 1,822 | |
| CWIP | 576 | 744 | 356 | 577 | 80 | 36 | 44 | 53 | 17 | 68 | 225 | 483 |
| Investments | 15 | 15 | 15 | 15 | 15 | 15 | 0 | 0 | 2 | 2 | 16 | 27 |
| 1,139 | 1,542 | 1,308 | 915 | 895 | 821 | 1,179 | 1,127 | 1,251 | 2,064 | 2,378 | 2,448 | |
| Total Assets | 3,414 | 3,966 | 3,880 | 3,664 | 3,563 | 3,369 | 3,385 | 3,215 | 3,259 | 4,003 | 4,382 | 4,780 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 96 | 229 | 271 | 242 | 293 | 252 | 376 | 327 | 339 | 589 | 629 | 437 | |
| -166 | -385 | -264 | -58 | -128 | -59 | -73 | 981 | -54 | 98 | -306 | -539 | |
| 93 | 169 | -8 | -222 | -80 | -261 | -216 | -1,193 | -201 | -28 | -119 | -105 | |
| Net Cash Flow | 23 | 12 | -1 | -37 | 85 | -68 | 87 | 115 | 84 | 659 | 203 | -208 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85 | 74 | 75 | 78 | 71 | 63 | 61 | 79 | 101 | 73 | 47 | 63 |
| Inventory Days | 86 | 104 | 153 | 141 | 102 | 91 | 66 | 57 | 72 | 37 | 22 | 32 |
| Days Payable | 310 | 424 | 541 | 466 | 447 | 348 | 293 | 327 | 477 | 312 | 156 | 235 |
| Cash Conversion Cycle | -139 | -246 | -313 | -247 | -274 | -194 | -166 | -190 | -303 | -202 | -87 | -139 |
| Working Capital Days | -9 | -32 | -45 | 27 | -50 | -42 | -39 | -20 | 6 | -3 | -9 | -11 |
| ROCE % | 4% | 5% | 3% | 3% | 4% | 5% | 6% | 11% | 10% | 17% | 21% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Jul - Letter no. Sect/70 dated 18 July 2024 enclosing herewith public notice published by the Company in connection with Notice of its 88th Annual General Meeting, …
- Business Responsibility and Sustainability Reporting (BRSR) 16 Jul
- Notice Of 88Th Annual General Meeting And Copy Of Annual Report 2023-24 16 Jul
- Reg. 34 (1) Annual Report. 16 Jul
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 12 Jul
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Business Segment
Gas and Related Products: It comprises of pipeline gas supplies to large industrial customers like primary steel, glass and chemical industries, supply of liquefied gases through Cryogenic tankers (Bulk) to cater to demand across a wide range of industrial sectors and compressed gas supply in cylinders (Packaged Gas) for meeting smaller demand for gases mainly across fabrication, manufacturing and construction industry.
Healthcare business: It provides high quality gases for pharmaceutical use such as medical oxygen, synthetic air and nitrous oxide in addition to providing state of the art medical gas distribution systems to major hospitals.
Project Engineering division (PED): It comprises the business of design, engineering, supply, installation, testing and commissioning of Air Separation plants and related projects on turnkey basis. [1][2]