LINDEINDIA · Linde India Ltd · Chemical Manufacturing
LINDEINDIA · Linde India Ltd · Chemical Manufacturing
As of 05 Nov close
52-week range
21.6% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹694 Cr
Revenue YoY
PAT YoY
-2.4%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
12.2
P/S (TTM)
20
Sector P/E
20.6
Dividend yield
+0.1%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| LINDEINDIA (this stock) | 114 | 12.2 | +20.6% | +12.8% | 0.02 | +0.1% |
| Asian Paints | 53 | 11.1 | +12.8% | +22.3% | 0.18 | +1.1% |
| Solar Industries India | 99.6 | 26.6 | +17.6% | +31.4% | 13.68 | +0.1% |
| Pidilite Industries | 61.3 | 19.4 | +17.2% | +24.4% | 0.04 | +0.7% |
Promoter
stable
FII
stable
MF
6.34% (-0.10pp)
falling 1q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- mediumcorporate actionthehindubusinessline.com· 04 Nov 2026, 10:05 pmQ2 Results Today Highlights: BSE, Apollo Hospitals, Sundaram Finance post higher profit in Q2; Biocon, Zydus Life profit declines
- lowthehindubusinessline.com· 04 Nov 2026, 09:28 amQ2 Results 04th Nov Live: BSE, Cummins, Zydus Lifesciences, Apollo, Lenskart, Nykaa, Aurobindo Pharma, NHPC, Dabur, Torrent Power, Biocon, Sundaram Finance, Premier Energies, Physicswallah to announce
- lowthehindubusinessline.com· 03 Nov 2026, 09:38 amQ2 Results 03rd Nov Oct Live: SBI, NSE, Bajaj Finserv, Solar Ind, Fortis, Gujarat Fluoro, Bajaj Holdings, Lloyds Metals & Energy, Lupin, MCX, Emcure Pharma, AIA Engineering, Zydus Wellness to announce
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedLinde India Limited (LINDEINDIA) faces significant legal and regulatory challenges related to a SEBI investigation and ongoing litigation. The company received a SEBI order in July 2024, which was upheld by the Securities Appellate Tribunal (SAT) in December 2025. The company appealed to the Supreme Court, which admitted the appeal but did not grant a stay. The matter remains sub-judice. Additionally, the company received a valuation report from NSE in March 2026, prompting further legal action. The auditor's report highlights a qualified opinion due to uncertainties surrounding the valuation and related legal proceedings. The company has no defaults under the Insolvency and Bankruptcy Code, 2016, and no significant liquidity or debt concerns are explicitly mentioned. The financial statements are audited with a qualified opinion, primarily due to the unresolved legal issues.
- Ongoing legal battle with SEBI over valuation report and related party transactions, with the matter sub-judice in the Supreme Court.
- Qualified auditor's opinion due to unresolved legal uncertainties impacting financial statements.
- No defaults under Insolvency and Bankruptcy Code, 2016, and no significant liquidity or debt concerns explicitly stated.
- Valuation report from NSE received in March 2026, requiring disclosure and management comments.
- Company filed an Interlocutory Application to the Supreme Court to prevent actions based on the valuation report.
Key takeaway: Linde India Limited is navigating significant regulatory and legal challenges, with ongoing litigation and a qualified auditor's opinion, but no immediate defaults or liquidity issues are reported.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
2 occurrencesRecent (last 12 months)
The Statutory Auditors of the Company issued a modified opinion in their Audit Report on the Financial Statements for the financial year ended 31 March 2026.
Earlier (1-3 years ago)
The Statutory Auditors of the Company issued a modified opinion in their Audit Report for the financial year ended 31 March 2025.
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
Linde India Limited is involved in legal proceedings and faces claims and assertions by various parties, which are considered possible but not probable potential losses.
Earlier (1-3 years ago)
The company received an order from SEBI on 24 July 2024 under Sections 11(1), 11(4), and 11B of the SEBI Act, 1992, related to an ongoing investigation. The company appealed to the Securities Appellate Tribunal (SAT) on 5 August 2024, and the matter is pending final hearing.
Related-Party Transaction
2 occurrencesRecent (last 12 months)
The company is involved in a legal dispute with SEBI regarding the materiality threshold for related party transactions, having appealed to the Supreme Court, with the appeal pending as of 16 January 2026.
Earlier (1-3 years ago)
The company's auditors noted that the company's method of assessing related party transactions against SEBI's materiality threshold may be incorrect, as SEBI requires an aggregate assessment of all transactions with a related party during the financial year, while the company applied the threshold to individual or multiple transactions.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
3.46% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).