Fortune MNC 500 India 2026 edition
Rank#258- Total income
- ₹2,572 Cr
- Profit
- ₹455 Cr
Last year #228
Linde India Limited - chemicals and materials in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Active Listed - NSE: LINDEINDIA · BSE: 523457 Public Limited Company chemicals and materials Fortune MNC 500 · #258 Nifty 500
Market Cap
₹50,319 Cr
LINDEINDIA · NSE
Share Price
₹5,723.50
-3.00% today
Revenue
₹2,531 Cr
FY 2025-26 · +1.8% YoY
EBITDA
₹909 Cr
Margin 35.9%
Net Profit
₹548 Cr
FY 2025-26 · +22.1% YoY
P/E (TTM)
91.8x
P/B 11.8x
ROE
13.6%
ROCE 17.8%
Debt / Equity
0.01
Interest cover 2.1x
About Linde India Limited
Data last updated:
Linde India Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the industrial and specialty gases segment of the chemicals and materials sector. It was incorporated on 24 January 1935 and has been in existence for over 91 years.
Linde India is ranked #258 on the Fortune MNC 500 India (2026). It is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L40200WB1935PLC008184. Its GSTIN is 19AAACB2528H1ZV (West Bengal). The company holds 27 GST registrations, of which 20 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 523457 and NSE: LINDEINDIA.
The company has an authorised share capital of ₹86 Cr and a paid-up capital of ₹85.28 Cr. It was formerly known as Boc India Limited and The Indian Oxygen & Acetylene Co. Private Ltd. It is led by directors including Mannu Sanganeria and Shalini Sarin.
Its last annual general meeting (AGM) was held on 14 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Oxygen House P 43 Taratala Road, Kolkata, West Bengal, India – 700088.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,530.64 Cr, a growth of 1.8% compared to the previous year. For the same year it recorded a net profit of ₹548.26 Cr (net margin 21.7%) and EBITDA of ₹909.11 Cr (EBITDA margin 35.9%). The net worth stands at ₹4,266.54 Cr (up 11.7% YoY). Total assets are valued at ₹4,441.62 Cr (up 11.8% YoY).
The company has about 259 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Lindeindia. As per MCA filings, the company has open charges of ₹66.18 Cr and satisfied charges of ₹161.35 Cr on record. Court records list 490 cases involving the company, including 299 filed by the company and 192 filed against it; 44 cases are pending. The company has 25 deals on record (22 market trades, 2 acquisitions, 1 funding round), with disclosed funding of ₹597.3 Cr; the latest was in August 2024. The company has 9 MSME Form 1 returns on record between 2019 and 2023, listing 278 overdue payments to 90 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website linde.in.
Company details
CIN L40200WB1935PLC008184
Registration Number 008184
Incorporation Date 24 January 1935
ROC Kolkata
Listing Status Listed - Listed on NSE (LINDEINDIA); Listed on BSE (523457)
Company Status Active
Date of Last AGM 14 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Name history
Linde India has undergone 2 name changes throughout its history. The company was previously known as Boc India Limited, and The Indian Oxygen & Acetylene Co. Private Ltd.. The current legal name is Linde India Limited.
| Company Name | Status |
|---|---|
| Linde India Limited | Current |
| Boc India Limited | Previous |
| The Indian Oxygen & Acetylene Co. Private Ltd. | Previous |
CIN history
Linde India has one previous CIN (Corporate Identification Number): L40200WB1958PLC008184. The current CIN is L40200WB1935PLC008184, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40200WB1935PLC008184 | Current |
| L40200WB1958PLC008184 | Previous |
Recognitions & Rankings of Linde India
Stock market indices
Nifty 500 BSE 500
Contact details
Linde India Limited's registered office is in Kolkata, West Bengal. Its website is linde.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOxygen House P 43 Taratala Road, Kolkata, West Bengal, India – 700088
- IndustryChemicals and Materials, Industrial & Specialty Gases
To see the full contact details of Linde India Limited, buy the company report.
Comprehensive company report
Linde India Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Linde India operates one associated brand: Lindeindia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Industrial gases and engineering services are offered by Linde across multiple sectors. | lindeindia.in |
Business activity
The main business activities of Linde India are manufacturing and construction. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and roads, railways, utility projects. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Linde India Limited, buy the company report.
Financials of Linde India Limited
FY 2025-26 filings availableLinde India Limited reported revenue of ₹2,530.64 Cr (up 1.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹2,531 Cr
+1.8% YoY
EBITDA
₹909 Cr
+18.8% YoY
Profit After Tax
₹548 Cr
+22.1% YoY
Net Worth
₹4,267 Cr
+11.7% YoY
Total Assets
₹4,442 Cr
+11.8% YoY
Total Debt
₹78.92 Cr
+86.3% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,531 | 2,485 | 2,769 | 3,136 | 2,112 | 1,471 | 1,762 |
| Revenue growth | +1.8% | -10.2% | -11.7% | - | +43.6% | -16.5% | - |
| EBITDA | 909 | 765 | 702 | 765 | 528 | 375 | 417 |
| EBITDA margin | +35.9% | +30.8% | +25.4% | +24.4% | +25.0% | +25.5% | +23.7% |
| Profit before tax | 733 | 614 | 579 | 618 | 698 | 229 | 1,013 |
| Net profit | 548 | 449 | 430 | 530 | 308 | 150 | 122 |
| Net profit margin | +21.7% | +18.1% | +15.5% | +16.9% | +14.6% | +10.2% | +6.9% |
| EPS (₹) | 64.37 | 53.33 | 50.90 | 50.47 | 59.47 | 17.72 | 85.27 |
| Balance sheet | |||||||
| Total assets | 4,442 | 3,974 | 3,606 | 3,275 | - | - | - |
| Net worth | 4,267 | 3,820 | 3,468 | 3,140 | - | - | - |
| Total debt | 78.92 | 42.37 | 20.69 | 22.05 | - | - | - |
| Cash & bank | 112 | 147 | 980 | 1,191 | - | - | - |
| Net working capital | (165) | (47.10) | 897 | 1,116 | - | - | - |
| Cash flow | |||||||
| Cash from operations | 786 | 584 | 437 | 629 | - | - | - |
| Cash from investing | (705) | (1,305) | (539) | (306) | - | - | - |
| Cash from financing | (116) | (112) | (105) | (119) | - | - | - |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 694 | 614 | 701 | 644 | 571 | 592 | 606 | 634 |
| Revenue growth (YoY) | +21.6% | +3.8% | +15.7% | +1.5% | -12.6% | - | - | - |
| Other income | 7.46 | 6.55 | 55.20 | 5.52 | 6.46 | 13.47 | 21.65 | 18.49 |
| EBITDA | 201 | 173 | 257 | 282 | 197 | 210 | 192 | 179 |
| EBITDA margin | +28.9% | +28.1% | +36.6% | +43.8% | +34.5% | +35.5% | +31.7% | +28.2% |
| Depreciation | 62.41 | 60.77 | 61.68 | 56.42 | 56.00 | 55.50 | 55.20 | 51.73 |
| Interest | 5.94 | 2.66 | 5.54 | 3.15 | 3.15 | 6.55 | 1.61 | 2.21 |
| Profit before tax | 140 | 116 | 245 | 228 | 144 | 161 | 157 | 143 |
| Tax | 35.08 | 38.58 | 51.51 | 57.28 | 37.14 | 42.87 | 40.67 | 36.96 |
| Net profit | 105 | 77.44 | 193 | 171 | 107 | 118 | 116 | 106 |
| EPS (₹) | 12.26 | 9.08 | 22.67 | 20.05 | 12.57 | 13.88 | 13.64 | 12.48 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,531 | 2,485 | 2,769 | 3,136 | 2,112 | 1,471 | 1,762 |
| Revenue growth | +1.8% | -10.2% | -11.7% | - | +43.6% | -16.5% | - |
| EBITDA | 909 | 765 | 702 | 765 | 547 | 375 | 417 |
| EBITDA margin | +35.9% | +30.8% | +25.4% | +24.4% | +25.9% | +25.5% | +23.7% |
| Profit before tax | 727 | 606 | 571 | 614 | 711 | 236 | 1,013 |
| Net profit | 550 | 442 | 422 | 528 | 302 | 148 | 122 |
| Net profit margin | +21.7% | +17.8% | +15.2% | +16.8% | +14.3% | +10.1% | +6.9% |
| EPS (₹) | 64.59 | 52.51 | 49.99 | 50.26 | 60.26 | 18.24 | 85.27 |
| Balance sheet | |||||||
| Total assets | 4,403 | 3,933 | 3,572 | 3,249 | - | - | - |
| Net worth | 4,228 | 3,779 | 3,435 | 3,114 | - | - | - |
| Total debt | 78.92 | 42.37 | 20.69 | 22.05 | - | - | - |
| Cash & bank | 112 | 147 | 980 | 1,191 | - | - | - |
| Net working capital | (165) | (47.09) | 897 | 1,116 | - | - | - |
| Cash flow | |||||||
| Cash from operations | 786 | 584 | 437 | 629 | - | - | - |
| Cash from investing | (705) | (1,305) | (539) | (306) | - | - | - |
| Cash from financing | (116) | (112) | (105) | (119) | - | - | - |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 694 | 614 | 701 | 644 | 571 | 592 | 606 | 634 |
| Revenue growth (YoY) | +21.6% | +3.8% | +15.7% | +1.5% | -12.6% | - | - | - |
| Other income | 5.90 | 5.93 | 53.46 | 3.53 | 4.34 | 12.96 | 19.32 | 16.45 |
| Total expenses | 494 | 441 | 444 | 362 | 374 | 382 | 414 | 456 |
| EBITDA | 201 | 173 | 257 | 282 | 197 | 210 | 192 | 179 |
| EBITDA margin | +28.9% | +28.1% | +36.6% | +43.8% | +34.5% | +35.5% | +31.7% | +28.2% |
| Depreciation | 62.41 | 60.77 | 61.68 | 56.42 | 56.00 | 55.50 | 55.20 | 51.73 |
| Interest | 5.94 | 2.66 | 5.54 | 3.15 | 3.15 | 6.55 | 1.61 | 2.21 |
| Profit before tax | 138 | 115 | 243 | 226 | 142 | 161 | 155 | 141 |
| Tax | 35.08 | 30.21 | 51.51 | 57.28 | 37.14 | 42.87 | 40.67 | 36.96 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 694 | 614 | 701 | 644 | 571 | 592 | 606 | 634 |
| Revenue growth (YoY) | +21.6% | +3.8% | +15.7% | +1.5% | -12.6% | - | - | - |
| Other income | 7.46 | 6.55 | 55.20 | 5.52 | 6.46 | 13.47 | 21.65 | 18.49 |
| EBITDA | 201 | 173 | 257 | 282 | 197 | 210 | 192 | 179 |
| EBITDA margin | +28.9% | +28.1% | +36.6% | +43.8% | +34.5% | +35.5% | +31.7% | +28.2% |
| Depreciation | 62.41 | 60.77 | 61.68 | 56.42 | 56.00 | 55.50 | 55.20 | 51.73 |
| Interest | 5.94 | 2.66 | 5.54 | 3.15 | 3.15 | 6.55 | 1.61 | 2.21 |
| Profit before tax | 140 | 116 | 245 | 228 | 144 | 161 | 157 | 143 |
| Tax | 35.08 | 38.58 | 51.51 | 57.28 | 37.14 | 42.87 | 40.67 | 36.96 |
| Net profit | 105 | 77.44 | 193 | 171 | 107 | 118 | 116 | 106 |
| EPS (₹) | 12.26 | 9.08 | 22.67 | 20.05 | 12.57 | 13.88 | 13.64 | 12.48 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,531 | 2,485 | 2,769 | 3,136 | 2,112 | 1,471 | 1,762 |
| Revenue growth | +1.8% | -10.2% | -11.7% | - | +43.6% | -16.5% | - |
| Other income | 73.73 | 74.87 | 84.76 | 113 | 355 | 36.05 | 860 |
| Total expenses | 1,622 | 1,720 | 2,066 | 2,371 | 1,584 | 1,096 | 1,345 |
| Employee cost | 56.87 | 53.87 | 53.81 | 63.87 | 50.25 | 68.78 | 114 |
| EBITDA | 909 | 765 | 702 | 765 | 528 | 375 | 417 |
| EBITDA margin | +35.9% | +30.8% | +25.4% | +24.4% | +25.0% | +25.5% | +23.7% |
| Depreciation | 235 | 214 | 201 | 253 | 181 | 176 | 177 |
| Interest | 14.50 | 12.63 | 7.27 | 6.29 | 3.05 | 6.24 | 86.25 |
| Profit before tax | 733 | 614 | 579 | 618 | 698 | 229 | 1,013 |
| Tax | 185 | 159 | 145 | 80.23 | 191 | 77.56 | 286 |
| Net profit | 548 | 449 | 430 | 530 | 308 | 150 | 122 |
| Net profit margin | +21.7% | +18.1% | +15.5% | +16.9% | +14.6% | +10.2% | +6.9% |
| EPS (₹) | 64.37 | 53.33 | 50.90 | 50.47 | 59.47 | 17.72 | 85.27 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 85.28 | 85.28 | 85.28 | 85.28 | - | - | - |
| Reserves & surplus | 4,181 | 3,735 | 3,383 | 3,055 | - | - | - |
| Shareholders' funds (net worth) | 4,267 | 3,820 | 3,468 | 3,140 | - | - | - |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | - | - | - |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | - | - | - |
| Unsecured loans | 78.92 | 42.37 | 20.69 | 22.05 | - | - | - |
| Total debt | 78.92 | 42.37 | 20.69 | 22.05 | - | - | - |
| Total liabilities | 4,442 | 3,974 | 3,606 | 3,275 | - | - | - |
| Assets | |||||||
| Gross block | 3,980 | 3,581 | 3,273 | 3,020 | - | - | - |
| Net block | 2,093 | 1,925 | 1,822 | 1,762 | - | - | - |
| Capital work in progress | 1,343 | 975 | 483 | 225 | - | - | - |
| Investments | 82.02 | 74.48 | 50.16 | 32.05 | - | - | - |
| Inventories | 123 | 107 | 85.04 | 77.41 | - | - | - |
| Sundry debtors | 508 | 385 | 481 | 401 | - | - | - |
| Cash & bank balances | 112 | 147 | 980 | 1,191 | - | - | - |
| Loans & advances | 308 | 339 | 381 | 379 | - | - | - |
| Total current assets | 1,052 | 977 | 1,927 | 2,049 | - | - | - |
| Total current liabilities | 1,216 | 1,024 | 1,030 | 933 | - | - | - |
| Net working capital | (165) | (47.10) | 897 | 1,116 | - | - | - |
| Total assets | 4,442 | 3,974 | 3,606 | 3,275 | - | - | - |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Opening cash | 145 | 979 | 1,187 | 983 | - | - | - |
| Net cash from operating activities | 786 | 584 | 437 | 629 | - | - | - |
| Net cash from investing activities | (705) | (1,305) | (539) | (306) | - | - | - |
| Net cash from financing activities | (116) | (112) | (105) | (119) | - | - | - |
| Net change in cash | (34.93) | (833) | (208) | 203 | - | - | - |
| Closing cash | 112 | 147 | 980 | 1,191 | - | - | - |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +1.8% | -10.2% | -11.7% | - | +43.6% | -16.5% | - |
| EBITDA growth | +18.8% | +8.9% | -8.2% | - | +40.8% | -10.1% | - |
| PBT growth | +19.6% | +6.0% | +17.0% | -29.1% | +205.2% | -77.4% | +2472.8% |
| Net income growth | +22.1% | +4.6% | -19.0% | - | +105.2% | +22.8% | - |
| Revenue CAGR (3Y) | -6.9% | +5.1% | +21.5% | +19.4% | -1.2% | -10.2% | -1.2% |
| EBITDA CAGR (3Y) | +5.9% | +12.1% | +21.3% | +20.5% | +17.4% | +5.2% | +13.3% |
| Profitability & leverage | |||||||
| Net income margin | +21.7% | +18.3% | +15.7% | +17.2% | +24.0% | +10.3% | +41.3% |
| Return on capital employed | +17.8% | +16.5% | +17.0% | +16.3% | +16.4% | +10.0% | +10.0% |
| Return on net worth | +13.6% | +12.5% | +13.1% | +14.7% | +12.4% | +6.9% | +6.7% |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.36 |
| Long-term debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.11 |
| Interest cover | 2.15 | 2.29 | 1.45 | 1.23 | 0.88 | 3.14 | 36.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.67 | 0.73 | 0.88 | 0.85 | 0.73 | 0.53 | 0.65 |
| Inventory turnover | 22.04 | 25.93 | 34.09 | 34.24 | 30.68 | 21.96 | 25.84 |
| Debtors turnover | 5.67 | 5.74 | 6.28 | 6.08 | 5.09 | 3.72 | 4.71 |
| EPS (₹) | 64.37 | 53.33 | 50.90 | 50.47 | 59.47 | 17.72 | 85.27 |
| Dividend per share (₹) | 12.00 | 12.00 | 12.00 | 12.00 | 13.50 | 3.00 | 10.00 |
| Book value per share (₹) | 500.28 | 447.91 | 406.69 | 368.19 | 318.33 | 261.98 | 254.67 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 694 | 614 | 701 | 644 | 571 | 592 | 606 | 634 |
| Revenue growth (YoY) | +21.6% | +3.8% | +15.7% | +1.5% | -12.6% | - | - | - |
| Other income | 5.90 | 5.93 | 53.46 | 3.53 | 4.34 | 12.96 | 19.32 | 16.45 |
| Total expenses | 494 | 441 | 444 | 362 | 374 | 382 | 414 | 456 |
| EBITDA | 201 | 173 | 257 | 282 | 197 | 210 | 192 | 179 |
| EBITDA margin | +28.9% | +28.1% | +36.6% | +43.8% | +34.5% | +35.5% | +31.7% | +28.2% |
| Depreciation | 62.41 | 60.77 | 61.68 | 56.42 | 56.00 | 55.50 | 55.20 | 51.73 |
| Interest | 5.94 | 2.66 | 5.54 | 3.15 | 3.15 | 6.55 | 1.61 | 2.21 |
| Profit before tax | 138 | 115 | 243 | 226 | 142 | 161 | 155 | 141 |
| Tax | 35.08 | 30.21 | 51.51 | 57.28 | 37.14 | 42.87 | 40.67 | 36.96 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,531 | 2,485 | 2,769 | 3,136 | 2,112 | 1,471 | 1,762 |
| Revenue growth | +1.8% | -10.2% | -11.7% | - | +43.6% | -16.5% | - |
| Other income | 67.26 | 67.84 | 77.01 | 109 | 349 | 43.79 | 860 |
| Total expenses | 1,622 | 1,720 | 2,066 | 2,371 | 1,565 | 1,096 | 1,345 |
| Employee cost | 56.87 | 53.87 | 53.81 | 63.87 | 50.25 | 68.78 | 114 |
| EBITDA | 909 | 765 | 702 | 765 | 547 | 375 | 417 |
| EBITDA margin | +35.9% | +30.8% | +25.4% | +24.4% | +25.9% | +25.5% | +23.7% |
| Depreciation | 235 | 214 | 201 | 253 | 181 | 176 | 177 |
| Interest | 14.50 | 12.63 | 7.27 | 6.29 | 3.05 | 6.24 | 86.25 |
| Profit before tax | 727 | 606 | 571 | 614 | 711 | 236 | 1,013 |
| Tax | 176 | 159 | 145 | 78.65 | 197 | 80.85 | 286 |
| Net profit | 550 | 442 | 422 | 528 | 302 | 148 | 122 |
| Net profit margin | +21.7% | +17.8% | +15.2% | +16.8% | +14.3% | +10.1% | +6.9% |
| EPS (₹) | 64.59 | 52.51 | 49.99 | 50.26 | 60.26 | 18.24 | 85.27 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 85.28 | 85.28 | 85.28 | 85.28 | - | - | - |
| Reserves & surplus | 4,142 | 3,694 | 3,349 | 3,029 | - | - | - |
| Shareholders' funds (net worth) | 4,228 | 3,779 | 3,435 | 3,114 | - | - | - |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | - | - | - |
| Unsecured loans | 78.92 | 42.37 | 20.69 | 22.05 | - | - | - |
| Total debt | 78.92 | 42.37 | 20.69 | 22.05 | - | - | - |
| Total liabilities | 4,403 | 3,933 | 3,572 | 3,249 | - | - | - |
| Assets | |||||||
| Gross block | 3,980 | 3,581 | 3,273 | 3,020 | - | - | - |
| Net block | 2,093 | 1,925 | 1,822 | 1,762 | - | - | - |
| Capital work in progress | 1,343 | 975 | 483 | 225 | - | - | - |
| Investments | 43.00 | 41.92 | 26.53 | 16.17 | - | - | - |
| Inventories | 123 | 107 | 85.04 | 77.41 | - | - | - |
| Sundry debtors | 508 | 385 | 481 | 401 | - | - | - |
| Cash & bank balances | 112 | 147 | 980 | 1,191 | - | - | - |
| Loans & advances | 308 | 339 | 381 | 379 | - | - | - |
| Total current assets | 1,052 | 977 | 1,927 | 2,049 | - | - | - |
| Total current liabilities | 1,216 | 1,024 | 1,030 | 933 | - | - | - |
| Net working capital | (165) | (47.09) | 897 | 1,116 | - | - | - |
| Total assets | 4,403 | 3,933 | 3,572 | 3,249 | - | - | - |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Opening cash | 145 | 979 | 1,187 | 983 | - | - | - |
| Net cash from operating activities | 786 | 584 | 437 | 629 | - | - | - |
| Net cash from investing activities | (705) | (1,305) | (539) | (306) | - | - | - |
| Net cash from financing activities | (116) | (112) | (105) | (119) | - | - | - |
| Net change in cash | (34.93) | (833) | (208) | 203 | - | - | - |
| Closing cash | 112 | 147 | 980 | 1,191 | - | - | - |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +1.8% | -10.2% | -11.7% | - | +43.6% | -16.5% | - |
| EBITDA growth | +18.8% | +8.9% | -8.2% | - | +45.8% | -10.1% | - |
| PBT growth | +19.9% | +6.2% | +16.2% | -30.9% | +200.9% | -76.7% | +2047.8% |
| Net income growth | +24.5% | +4.8% | -20.1% | - | +103.7% | +21.4% | - |
| Revenue CAGR (3Y) | -6.9% | +5.1% | +21.5% | +19.4% | -1.2% | -10.2% | -1.4% |
| EBITDA CAGR (3Y) | +5.9% | +10.9% | +21.3% | +20.5% | +18.8% | +5.2% | +12.0% |
| Profitability & leverage | |||||||
| Net income margin | +21.8% | +18.0% | +15.4% | +17.1% | +24.3% | +10.6% | +41.3% |
| Return on capital employed | +17.8% | +16.5% | +17.0% | +16.3% | +16.4% | +10.4% | +10.1% |
| Return on net worth | +13.8% | +12.4% | +13.0% | +14.8% | +12.3% | +7.2% | +6.9% |
| Debt / equity | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.37 |
| Long-term debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.12 |
| Interest cover | 2.15 | 2.29 | 1.45 | 1.23 | 0.84 | 3.14 | 36.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.67 | 0.73 | 0.88 | 0.85 | 0.73 | 0.53 | 0.65 |
| Inventory turnover | 22.04 | 25.93 | 34.09 | 34.24 | 30.68 | 21.96 | 25.84 |
| Debtors turnover | 5.67 | 5.74 | 6.28 | 6.08 | 5.09 | 3.72 | 4.71 |
| EPS (₹) | 64.59 | 52.51 | 49.99 | 50.26 | 60.26 | 18.24 | 85.27 |
| Dividend per share (₹) | 12.00 | 12.00 | 12.00 | 12.00 | 13.50 | 3.00 | 10.00 |
| Book value per share (₹) | 495.70 | 443.11 | 402.72 | 365.13 | 315.54 | 258.40 | 250.56 |
To see the full year-wise statements and ratios of Linde India Limited, buy the company report.
Board of directors of Linde India Limited
Linde India has 6 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mannu Sanganeria | Director | 29 Jul 2021 | 5 Years 2 Months | Current |
| Shalini Sarin Also directs: Polyplex Corporation Limited, Kirloskar Ferrous Industries Ltd, Kirloskar Oil Engines Limited and 4 more | Director | 10 Jul 2018 | 8 Years 3 Months | Current |
| Subba Rao Amarthaluru | Director | 23 Sep 2024 | 2 Years 1 Months | Current |
| Milan Sadhukhan | Additional Director | 01 Jan 2026 | 0 Years 9 Months | Current |
| Krishnan Sreenivasan Gobichettipalayam Also directs: Lifesciences Skill Development Council | Director | 23 Sep 2024 | 2 Years 1 Months | Current |
| Michael James Devine | Director | 15 Feb 2023 | 3 Years 8 Months | Current |
Auditor
Linde India Limited is audited by Price Waterhouse & Co. Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co. Chartered Accountants LLP | FY 2023 | 304026E/E-300009 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 75.00%, foreign institutional investors hold 2.00%, domestic institutional investors hold 6.80% and retail and other public shareholders hold 16.20%.
Sep 2026
QUARTER
75.00% Promoters
6.80% DII (Domestic Institutional)
2.00% FII (Foreign Institutional)
16.20% Retail & Others
Promoter holding - history
Now 75.00% · Sep 2026High 75.00% · Dec 2025Low 75.00% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% |
| Public | 25.00% | 25.00% | 25.00% | 25.00% |
Charges & borrowings
Open charges
₹66.18 Cr
Satisfied charges
₹161.35 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Apr 1964 | 80023584 | United Bank of India | ₹66.18 Cr | Open | |
| 03 Jul 2002 | 80022731 | Standard Chartered Bank | ₹45.35 Cr | Satisfied | |
| 15 Oct 2001 | 80022726 | United Bank of India | ₹46 Cr | Satisfied | |
| 30 Mar 2000 | 80022729 | Icici Limited | ₹70 Cr | Satisfied |
To see the full charge records of Linde India Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Linde India Limited has 25 deals on record (22 market trades, 2 acquisitions, 1 funding round), with disclosed funding of ₹597.3 Cr; the latest was in August 2024.
Total deals
25
Market trades
22
Acquisitions
2
Funding round
1
Disclosed funding
₹597.3 Cr
Deals on record (5 of 25)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Acquisition | ₹1,380 Cr | Buyer: Air Water India Private Limited Seller: Linde India Limited |
| May 2006 | Market trade | ₹5.63 Cr | Buyer: Asit C Mehta Investment Interrmediates Ltd Seller: Asit C Mehta Investment Interrmediates Ltd |
| Apr 2006 | Market trade | ₹6.53 Cr | Buyer: Asit C Mehta Investment Interrmediates Ltd Seller: Asit C Mehta Investment Interrmediates Ltd |
| Apr 2006 | Market trade | ₹5.07 Cr | Buyer: MBL and Company Limited Seller: MBL and Company Limited |
| Apr 2006 | Market trade | ₹5.1 Cr | Buyer: Asit C Mehta Investment Interrmediates Ltd Seller: Asit C Mehta Investment Interrmediates Ltd |
To see the full deal history of Linde India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Linde India Limited has 490 court cases on record: 299 filed by Linde India, 192 filed against it. 44 cases are pending and 446 are disposed.
Total cases
490
Filed by the company
299
Filed against the company
192
Pending
44
Disposed
446
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 354 | 100 | 28 |
| District courts | 101 | 74 | 14 |
| Supreme Court | 35 | 18 | 2 |
Cases on record (5 of 490)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (4201-SEBI Act and Securities Laws including Forward Contract Regulation Act, 1952 and Securities Contracts (Regulation) Act, 1956 : SEBI Act and Securities Laws including Forward Contract Regulation Act, 1952 and Securities Contracts (Regulation) Act, 1956) | Filed by the company against Securities and Exchange Board of India | Pending |
| Calcutta High Court | Court case (CO) | Filed against the company by Dalhousie Holdings Limited | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against Eslsteel Limited | Pending |
| High Court, West Bengal | Court case (CO) | Filed against the company by Hari Om Dealmark Pvt Ltd Anurag Modi | Pending |
| District court, Kamrup Metro, Assam | Interim or miscellaneous application | Filed against the company by Brahmaputra Cracker and Polymer Limited | Pending |
To see the full case history of Linde India Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Linde India Limited was last rated by Crisil on 27 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Aug 2020 |
To see the full credit ratings and regulatory alerts of Linde India Limited, buy the company report.
MSME payment delays
Linde India Limited has 9 MSME Form 1 returns on record between 2019 and 2023, listing 278 overdue payments to 90 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 90)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Suk Global Services Private Limited | |||
| an individual supplier | |||
| Vingas Industries Private Limited | |||
| an individual supplier | |||
| Kay Bee Sales and Services |
To see the full MSME payment records of Linde India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Linde India has 2 joint ventures. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
2
Joint ventures
Employees & EPFO
Linde India Limited has a workforce of 259 employees on its EPFO records as of Apr 07, 2024, across 10 active EPFO establishments.
Employee count
259
Active EPFO establishments
10
Employee growth
4.02%
GST
Linde India has 27 GST registrations: 20 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
27
Active
20
Cancelled / inactive
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACB2528H1ZV | West Bengal | Active | 01 Jul 2017 |
| 19AAACB2528H2ZU | West Bengal | Active | 07 Jul 2017 |
| 03AAACB2528H1Z8 | Punjab | Active | 01 Jul 2017 |
| 05AAACB2528H1Z4 | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Linde India Limited, buy the company report.
Recent activity
Linde India Limited has 54 board changes on record since 1987: 30 appointments and 24 cessations. The latest: Milan Sadhukhan was appointed as Additional Director on 01 Jan 2026.
Filing
Linde India Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Kolkata I.
Appointed
Milan Sadhukhan was appointed as Additional Director.
AGM
Linde India Limited last Annual general meeting of members was held on 14 Aug 2025 as per latest MCA records.
Ceased
Arun Balakrishnan ceased to be Director.
Ceased
Jyotin Kantilal Mehta ceased to be Director.
Appointed
Krishnan Sreenivasan Gobichettipalayam was appointed as Director.
Appointed
Subba Rao Amarthaluru was appointed as Director.
Ceased
Pawan Marda ceased to be Company Secretary.
Appointed
Michael James Devine was appointed as Director.
Ceased
Robert John Hughes ceased to be Director.
Appointed
Neeraj Kumar Jumrani was appointed as CFO.
Ceased
Anupam Saraf ceased to be CFO.
55 earlier events are in the company report.
News
Linde India: Co Expands Semiconductor Footprint, Secures Sanand Land For New Chip-packaging Gas Facility - Newspaper
Frequently asked questions
Linde India is an active public limited company based in Kolkata, West Bengal, India. The company works in industrial and specialty gases, within the chemicals and materials industry. It was incorporated on 24 January 1935 (91+ years old) and is registered under CIN L40200WB1935PLC008184. Listed on BSE: 523457 and NSE: LINDEINDIA.
Linde India reported revenue of ₹2,530.64 Cr for FY 2025-26 (up 1.8% YoY) based on consolidated financials.
Linde India has 6 current directors:
- Mannu Sanganeria - Director
- Shalini Sarin - Director
- Subba Rao Amarthaluru - Director
- Milan Sadhukhan - Additional Director
- Krishnan Sreenivasan Gobichettipalayam - Director
- Michael James Devine - Director
The latest financial statements of Linde India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 14 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Linde India is 19AAACB2528H1ZV, registered in West Bengal. The company has 27 GST registrations in all, of which 20 are active and 7 are cancelled or inactive. Other active GSTINs include 19AAACB2528H2ZU (West Bengal), 03AAACB2528H1Z8 (Punjab), 05AAACB2528H1Z4 (Uttarakhand).
The CIN (Corporate Identification Number) of Linde India is L40200WB1935PLC008184. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Linde India is a listed company as per MCA records. Its shares are listed on both BSE (code: 523457) and NSE (symbol: LINDEINDIA).
Linde India has 490 court cases on record: 299 filed by the company and 192 filed against it. 44 are pending. Most are in the high courts.
Linde India was incorporated on 24 January 1935, making it 91+ years old. It is registered with the Registrar of Companies, Kolkata.
Linde India has 25 deals on record (22 market trades, 2 acquisitions, 1 funding round), with disclosed funding of ₹597.3 Cr; the latest was in August 2024.
Milan Sadhukhan was appointed as Additional Director on 01 Jan 2026. Arun Balakrishnan ceased to be Director on 01 Oct 2024. Jyotin Kantilal Mehta ceased to be Director on 01 Oct 2024. Linde India has 54 board changes on record in total.