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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Linde India Limited is an India-based industrial gases and engineering company. It operates through two segments: Gases and Related Products & Services, and Project Engineering. Gases and Related Products & Services comprise the manufacture and sale of industrial, medical and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, reasonably priced.
Linde India is scored on the commodity / cyclical framework. It keeps a fat 21.5% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.43× reported profit. Free cash flow is worth about 0.1% of its market value.
Over the last 3 years revenue compounded at -8%/yr and profit at 1%/yr. Book value has grown 11%/yr. Return on equity is a modest 11.3%. In the latest quarter profit grew 35% versus the prior quarter.
At 107× earnings, the stock sits at the 36th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~34%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 118.31 | — | — |
| P/B | 13.32 | — | — |
| EV/EBITDA | 57.99 | — | — |
| ROE | 11.26 | 16.03 | worse |
| ROCE | 12.7 | 14.23 | worse |
| ROA | 7.3 | — | — |
| Quick Ratio | 0.76 | 2.58 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Pidilite Industries | 59.1 | 14.3 | 23.9% |
| SRF | 32.3 | 4.8 | 14.9% |
| Gujarat Fluorochemicals | 77.4 | 6.1 | 8.0% |
Negative CAGR — the top line has shrunk over this window. Growth is accelerating — latest year outpaced the prior year's rate.
Profit is growing faster than revenue (1% vs -8%) — margin expansion is at work.
Operating margin has expanded from 19% to 29% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 13% — a respectable return on shareholder capital.
1% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.4× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 13% sequentially — momentum is building.
Profit jumped 35% QoQ — check if this is operating leverage or a one-off item. Quarterly margins are compressing (26% → 15%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 75.0% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.