Linde India (LINDEINDIA)₹6,795+0.52%Industrial Gases
In the Jun 2026 quarter (consolidated), Linde India reported sales of ₹694 Cr, up 21.5% from Jun 2025, and net profit of ₹105 Cr, down 1.9% year on year. For the year to Mar 2026, sales were ₹2,535 Cr and net profit ₹547 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 711 | 707 | 631 | 654 | 634 | 607 | 592 | 571 | 644 | 702 | 615 | 694 |
| Expenses | 536 | 518 | 450 | 467 | 454 | 413 | 380 | 373 | 361 | 442 | 439 | 492 |
| Operating Profit | 175 | 187 | 180 | 185 | 180 | 193 | 211 | 198 | 283 | 258 | 174 | 202 |
| OPM % | 24.0% | 26.0% | 28.0% | 28.0% | 28.0% | 32.0% | 35.0% | 34.0% | 44.0% | 37.0% | 28.0% | 29.0% |
| Other Income | 20.90 | 24.89 | 18.93 | 20.92 | 17.92 | 21.91 | 12.95 | 5.98 | 5.97 | 54.80 | 6.97 | 6.97 |
| Interest | 0.99 | 0.99 | 3.99 | 1.99 | 1.99 | 1.99 | 6.99 | 2.99 | 2.99 | 5.98 | 2.99 | 5.98 |
| Depreciation | 50.01 | 51.01 | 51.99 | 51.03 | 52.05 | 55.02 | 56.04 | 55.98 | 56.05 | 61.99 | 61.02 | 62.02 |
| Profit before tax | 143 | 160 | 143 | 153 | 143 | 158 | 162 | 145 | 229 | 246 | 116 | 141 |
| Tax % | 24.0% | 25.0% | 26.0% | 25.1% | 26.0% | 26.1% | 27.0% | 26.0% | 25.0% | 21.0% | 33.0% | 25.1% |
| Net Profit | 109 | 119 | 105 | 114 | 106 | 116 | 118 | 107 | 170 | 192 | 76.72 | 105 |
| EPS (Rs) | 12.72 | 14.03 | 12.33 | 13.30 | 12.45 | 13.60 | 13.84 | 12.54 | 19.98 | 22.62 | 9.06 | 12.22 |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 15m | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,827 | 2,035 | 2,195 | 1,765 | 1,472 | 2,114 | 3,139 | 2,772 | 2,486 | 2,535 | 2,656 |
| Expenses | 1,533 | 1,697 | 1,858 | 1,342 | 1,092 | 1,559 | 2,363 | 2,059 | 1,712 | 1,616 | 1,734 |
| Operating Profit | 288 | 330 | 327 | 417 | 377 | 550 | 768 | 704 | 768 | 913 | 917 |
| OPM % | 16.0% | 16.0% | 15.0% | 24.0% | 25.0% | 26.0% | 24.0% | 25.0% | 31.0% | 36.0% | 34.5% |
| Other Income | 39.87 | 7.97 | 14.94 | 859 | 35.84 | 333 | 113 | 84.68 | 74.71 | 73.72 | 74.71 |
| Interest | 116 | 116 | 103 | 85.74 | 5.99 | 2.99 | 5.99 | 6.98 | 12.97 | 13.96 | 17.94 |
| Depreciation | 195 | 206 | 199 | 177 | 176 | 181 | 253 | 201 | 214 | 235 | 241 |
| Profit before tax | 16.04 | 13.05 | 39.16 | 1,016 | 230 | 700 | 620 | 581 | 616 | 735 | 731 |
| Tax % | −20.0% | −21.0% | 35.0% | 28.0% | 34.0% | 27.0% | 13.0% | 25.0% | 26.0% | 25.0% | — |
| Exceptional items | 12.01 | −5.01 | 0.00 | 605 | 1.01 | 199 | 8.01 | 5.01 | 6.01 | 1.01 | — |
| Net Profit | 18.93 | 15.92 | 25.88 | 724 | 150 | 505 | 536 | 432 | 453 | 547 | 544 |
| EPS (Rs) | 2.22 | 1.89 | 3.00 | 85.07 | 17.68 | 59.34 | 62.94 | 50.77 | 53.19 | 64.24 | 63.88 |
| Dividend payout % | 34.1% | 53.1% | 50.0% | 12.1% | 17.1% | 23.1% | 19.1% | 24.1% | 22.1% | 19.0% | — |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 85.03 | 84.98 | 85.09 | 85.11 | 85.16 | 85.23 | 85.21 | 85.28 | 85.11 | 85.10 |
| Reserves | 1,356 | 1,365 | 1,379 | 2,091 | 2,154 | 2,639 | 3,063 | 3,393 | 3,742 | 4,190 |
| Borrowings | 1,447 | 1,282 | 1,201 | 108 | 7.01 | 24.06 | 22.08 | 21.05 | 42.08 | 79.15 |
| Other Liabilities | 719 | 677 | 755 | 965 | 1,040 | 1,271 | 1,232 | 1,310 | 1,274 | 1,456 |
| Total Liabilities | 3,607 | 3,409 | 3,421 | 3,250 | 3,286 | 4,020 | 4,403 | 4,809 | 5,144 | 5,810 |
| Fixed Assets | 2,569 | 2,493 | 2,160 | 2,033 | 1,985 | 1,866 | 1,759 | 1,819 | 1,923 | 2,090 |
| CWIP | 80.01 | 36.01 | 44.01 | 52.98 | 16.99 | 68.02 | 225 | 483 | 975 | 1,342 |
| Investments | 60.91 | 57.88 | 0.00 | 0.00 | 3.99 | 8.98 | 31.94 | 49.95 | 73.82 | 81.92 |
| Other Assets | 898 | 823 | 1,217 | 1,164 | 1,280 | 2,077 | 2,386 | 2,457 | 2,172 | 2,297 |
| Inventories | 69.24 | 68.21 | 71.27 | 65.19 | 69.22 | 69.27 | 77.29 | 85.30 | 107 | 123 |
| Trade receivables | 356 | 352 | 364 | 382 | 406 | 422 | 400 | 480 | 384 | 507 |
| Cash & equivalents | 106 | 38.87 | 125 | 240 | 325 | 985 | 1,187 | 976 | 147 | 112 |
| Total Assets | 3,607 | 3,409 | 3,421 | 3,250 | 3,286 | 4,020 | 4,403 | 4,809 | 5,144 | 5,810 |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 293 | 252 | 376 | 327 | 339 | 589 | 630 | 438 | 585 | 787 |
| Cash from investing activity | −128 | −59.19 | −73.15 | 983 | −54.17 | 98.26 | −307 | −540 | −1,308 | −707 |
| Cash from financing activity | −79.94 | −261 | −216 | −1,193 | −201 | −28.01 | −119 | −105 | −112 | −116 |
| Net cash flow | 84.93 | −67.96 | 86.87 | 115 | 83.91 | 659 | 203 | −208 | −832 | −34.95 |
| Capex | 147 | 79.67 | 93.61 | 82.65 | 69.71 | 136 | 362 | 570 | 1,327 | 763 |
| Free cash flow | 160 | 184 | 285 | 276 | 296 | 453 | 280 | −127 | −737 | 24.95 |
| CFO / OP % | 104.0% | 79.1% | 118.0% | 82.1% | 98.1% | 121.0% | 107.0% | 84.0% | 101.1% | 109.0% |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 72 | 64 | 62 | 80 | 102 | 74 | 48 | 64 | 58 | 74 |
| Inventory days | 102 | 91 | 66 | 57 | 72 | 37 | 22 | 32 | 69 | 79 |
| Days payable | 448 | 349 | 294 | 328 | 478 | 313 | 157 | 236 | 350 | 371 |
| Cash conversion cycle | −273 | −193 | −165 | −189 | −302 | −201 | −86 | −138 | −223 | −216 |
| Working capital days | −69 | −68 | −72 | −24 | 13 | −2 | −8 | −10 | −28 | −39 |
| ROCE % | — | 5.0% | 5.0% | 10.0% | 10.0% | 16.9% | 20.9% | 16.9% | 16.9% | 17.9% |
For the Jun 2026 quarter, Linde India reported sales of ₹694 Cr, up 21.5% year on year and net profit of ₹105 Cr, down 1.9% year on year. The operating margin was 29.0%.
Linde India's sales for the year to Mar 2026 were ₹2,535 Cr; over the last twelve months they were ₹2,656 Cr.
Net profit for the year to Mar 2026 was ₹547 Cr, and ₹544 Cr over the last twelve months. Earnings per share over the same trailing period were ₹63.88.
Linde India reported borrowings of ₹79.15 Cr at Mar 2026, against cash and equivalents of ₹112 Cr.
Cash from operations was ₹787 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹24.95 Cr.