Linde India Limited

NSEI:LINDEINDIA Stock Report

Market Cap: ₹539.3b

Linde India Valuation

Is LINDEINDIA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LINDEINDIA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LINDEINDIA (₹6329.2) is trading above our estimate of fair value (₹196.13)

Significantly Below Fair Value: LINDEINDIA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LINDEINDIA?

Key metric: As LINDEINDIA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LINDEINDIA. This is calculated by dividing LINDEINDIA's market cap by their current earnings.
What is LINDEINDIA's PE Ratio?
PE Ratio121x
Earnings₹4.46b
Market Cap₹539.29b

Price to Earnings Ratio vs Peers

How does LINDEINDIA's PE Ratio compare to its peers?

The above table shows the PE ratio for LINDEINDIA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average43.5x
509480 Berger Paints India
46.6x10.2%₹533.6b
SUPREMEIND Supreme Industries
53.7x17.2%₹586.2b
COROMANDEL Coromandel International
42.2x24.2%₹576.9b
523642 PI Industries
31.3x9.2%₹556.2b
LINDEINDIA Linde India
121x34.8%₹539.3b

Price-To-Earnings vs Peers: LINDEINDIA is expensive based on its Price-To-Earnings Ratio (121x) compared to the peer average (43.5x).

Price to Earnings Ratio vs Industry

How does LINDEINDIA's PE Ratio compare vs other companies in the IN Chemicals Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NAGAFERT Nagarjuna Fertilizers and Chemicals
0.3xn/aUS$65.48m
UNIVPHOTO Universus Photo Imagings
3xn/aUS$29.00m
526773 Pressure Sensitive Systems (India)
0.7xn/aUS$8.77m
526143 MPL Plastics
1.7xn/aUS$1.85m
LINDEINDIA 121.0xIndustry Avg. 31.8xNo. of Companies36PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LINDEINDIA is expensive based on its Price-To-Earnings Ratio (121x) compared to the Indian Chemicals industry average (31.8x).

Price to Earnings Ratio vs Fair Ratio

What is LINDEINDIA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LINDEINDIA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio121x
Fair PE Ratio50x

Price-To-Earnings vs Fair Ratio: LINDEINDIA is expensive based on its Price-To-Earnings Ratio (121x) compared to the estimated Fair Price-To-Earnings Ratio (50x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LINDEINDIA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹6,329.20
₹7,890.00
+24.7%
8.7%₹8,579.00₹7,201.00n/a2
Dec ’25₹6,920.75
₹7,890.00
+14.0%
8.7%₹8,579.00₹7,201.00n/a2
Nov ’25₹7,838.95
₹8,541.00
+9.0%
0.06%₹8,546.00₹8,536.00n/a2
Oct ’25₹8,406.15
₹8,541.00
+1.6%
0.06%₹8,546.00₹8,536.00n/a2
Sep ’25₹7,225.30
₹8,541.00
+18.2%
0.06%₹8,546.00₹8,536.00n/a2
Aug ’25₹8,176.95
₹7,909.00
-3.3%
17.7%₹9,312.00₹6,506.00n/a2
Jul ’25₹8,445.50
₹7,909.00
-6.4%
17.7%₹9,312.00₹6,506.00n/a2
Jun ’25₹8,709.55
₹6,780.50
-22.1%
4.0%₹7,055.00₹6,506.00n/a2
May ’25₹8,255.80
₹6,780.50
-17.9%
4.0%₹7,055.00₹6,506.00n/a2
Apr ’25₹6,434.65
₹6,780.50
+5.4%
4.0%₹7,055.00₹6,506.00n/a2
Mar ’25₹5,539.40
₹6,780.50
+22.4%
4.0%₹7,055.00₹6,506.00n/a2
Feb ’25₹5,509.85
₹6,819.00
+23.8%
3.5%₹7,055.00₹6,583.00n/a2
Jan ’25₹5,666.85
₹6,677.50
+17.8%
1.4%₹6,772.00₹6,583.00₹6,079.502
Dec ’24₹5,949.60
₹6,677.50
+12.2%
1.4%₹6,772.00₹6,583.00₹6,920.752
Nov ’24₹5,956.15
₹6,202.00
+4.1%
6.1%₹6,578.00₹5,826.00₹7,838.952
Oct ’24₹5,953.80
₹5,538.50
-7.0%
5.2%₹5,826.00₹5,251.00₹8,406.152
Sep ’24₹6,549.35
₹5,538.50
-15.4%
5.2%₹5,826.00₹5,251.00₹7,225.302
Aug ’24₹4,992.35
₹4,861.00
-2.6%
3.7%₹5,043.00₹4,679.00₹8,176.952
Jul ’24₹4,316.55
₹4,693.50
+8.7%
0.3%₹4,708.00₹4,679.00₹8,445.502
Jun ’24₹3,994.30
₹4,693.50
+17.5%
0.3%₹4,708.00₹4,679.00₹8,709.552

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 07:10
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Linde India Limited is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAntique Stockbroking Ltd.
Anil BurraFirstCall Research
Chintan ModiHaitong International Research Limited