Analysis: Linde India Limited

NSE:LINDEINDIA Industrial Gas Market cap: ₹54.5K cr

Growth thesis

Linde India Ltd produces industrial gases and related equipment, serving manufacturing, healthcare, and food & beverage sectors. Key segments include on-site gas solutions and cylinder-based distribution. Growth hinges on rising industrial activity, healthcare demand for medical oxygen, and long-term contracts with manufacturers. Over 2-3 years, expansion of production capacity and geographic reach are expected to drive revenue, supported by India's manufacturing growth trajectory. Key execution risk lies in capital allocation efficiency for new projects.

Research report

companyname: LINDEINDIA ticker: LINDEINDIA sector: Not classified Linde India Limited is an industrial gases and engineering company, incorporated in 1935 and headquartered at Oxygen House in Kolkata. It trades on the NSE and BSE under ticker LINDEINDIA and sits inside the global Linde plc group, with The BOC Group Limited of the UK as its holding company. The company describes itself in the FY 2025-26 Annual Report as "one of India's leading industrial gases and engineering companies", serving...

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RS rating: 20 Stage: Stage 4

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