Linde India Shares Dip Over 2% Despite Strong Fundamentals

Linde India’s stock saw a dip of 2.33% today, trading at Rs 6,980.00 during the late morning session. The drop places it among the underperformers in the NIFTY MIDCAP 150, an index closely watched for trends in India’s mid-cap segment.

Despite today’s decline, Linde India remains fundamentally strong.

Financial Snapshot:

Quarterly Performance (FY2023–24):

Dec 2024: Revenue Rs 605.86 Cr, Net Profit Rs 113.99 Cr, EPS Rs 13.64

Sep 2024: Revenue Rs 634.42 Cr, Net Profit Rs 104.39 Cr, EPS Rs 12.48

June 2024: Revenue Rs 653.23 Cr, Net Profit Rs 111.54 Cr, EPS Rs 13.33

Annual Trends:

FY2023–24: Revenue Rs 2,768.67 Cr, Net Profit Rs 426.34 Cr, EPS Rs 50.90

FY2022–23: Revenue Rs 3,135.52 Cr, Net Profit Rs 529.43 Cr, EPS Rs 63.09

Debt-Free Company: Maintained a 0.00 debt-to-equity ratio since 2020

Book Value per Share: Increased from Rs 261.98 in 2020 to Rs 406.69 in 2024

Cash Flow & Liquidity:

Operating cash flow peaked at Rs 629 Cr in 2023

Negative investing cash flows reflect steady asset investments

Net cash flow was -Rs 207 Cr in 2024, down from a high of Rs 659 Cr in 2021

Current ratio remains above 1.5x, signaling strong short-term liquidity

Market Sentiment:

According to Moneycontrol’s sentiment analysis, investor outlook remains very bullish as of May 15, 2025. Analysts continue to monitor the stock for long-term potential, especially given its consistent profitability, strong cash reserves, and zero debt.