Linde India Limited (LINDEINDIA) - Net Assets

Latest as of March 2026: Rs42.67 Billion INR ≈ $461.41 Million USD

Based on the latest financial reports, Linde India Limited (LINDEINDIA) has net assets worth Rs42.67 Billion INR (≈ $461.41 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs58.08 Billion ≈ $628.14 Million USD) and total liabilities (Rs15.42 Billion ≈ $166.73 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of Linde India Limited to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets Rs42.67 Billion
% of Total Assets 73.46%
Annual Growth Rate 14.29%
5-Year Change 57.15%
10-Year Change 196.17%
Growth Volatility 43.99

Linde India Limited - Net Assets Trend (2003–2025)

This chart illustrates how Linde India Limited's net assets have evolved over time, based on quarterly financial data. See how many days can Linde India Limited fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Linde India Limited (2003–2025)

The table below shows the annual net assets of Linde India Limited from 2003 to 2025. For live valuation and market cap data, see LINDEINDIA stock market capitalisation.

Year Net Assets Change
2025-12-31 Rs42.67 Billion
≈ $461.41 Million		 +11.69%
2024-12-31 Rs38.20 Billion
≈ $413.11 Million		 +10.13%
2023-12-31 Rs34.68 Billion
≈ $375.10 Million		 +0.08%
2022-12-31 Rs34.66 Billion
≈ $374.80 Million		 +27.65%
2021-12-31 Rs27.15 Billion
≈ $293.60 Million		 +21.51%
2020-12-31 Rs22.34 Billion
≈ $241.63 Million		 +2.87%
2019-12-31 Rs21.72 Billion
≈ $234.88 Million		 +48.57%
2018-12-31 Rs14.62 Billion
≈ $158.10 Million		 +0.78%
2017-12-31 Rs14.51 Billion
≈ $156.87 Million		 +0.70%
2016-12-31 Rs14.41 Billion
≈ $155.79 Million		 +3.45%
2015-12-31 Rs13.93 Billion
≈ $150.60 Million		 +0.24%
2014-12-31 Rs13.89 Billion
≈ $150.24 Million		 -2.67%
2013-12-31 Rs14.27 Billion
≈ $154.36 Million		 +7.00%
2012-12-31 Rs13.34 Billion
≈ $144.26 Million		 +5.70%
2011-12-31 Rs12.62 Billion
≈ $136.48 Million		 +13.18%
2010-12-31 Rs11.15 Billion
≈ $120.59 Million		 +5.38%
2009-12-31 Rs10.58 Billion
≈ $114.43 Million		 +2.11%
2008-12-31 Rs10.36 Billion
≈ $112.07 Million		 +213.02%
2007-12-31 Rs3.31 Billion
≈ $35.80 Million		 +10.06%
2006-12-31 Rs3.01 Billion
≈ $32.53 Million		 +25.88%
2005-12-31 Rs2.39 Billion
≈ $25.84 Million		 +5.84%
2004-12-31 Rs2.26 Billion
≈ $24.42 Million		 0.00%
2003-12-31 Rs2.26 Billion
≈ $24.42 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Linde India Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Common Stock Rs852.84 Million 2.00%
Other Components Rs41.81 Billion 98.00%
Total Equity Rs42.67 Billion 100.00%

Linde India Limited Competitors by Market Cap

The table below lists competitors of Linde India Limited ranked by their market capitalization.

Company Market Cap
PT Pantai Indah Kapuk Dua Tbk
JK:PANI
 $6.71 Billion
GPT Group
AU:GPT
 $6.72 Billion
Grupo Financiero Galicia S.A
F:GF4
 $6.72 Billion
Eagle Materials Inc
NYSE:EXP
 $6.73 Billion
Astor Enerji AS
IS:ASTOR
 $6.71 Billion
JCHX Mining Management Co Ltd
SHG:603979
 $6.70 Billion
Copenhagen Airports AS
CO:KBHL
 $6.70 Billion
KINGFISHER ADR/2 LS-1571
F:KFI2
 $6.70 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Linde India Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 38,199,440,000 to 42,665,470,000, a change of 4,466,030,000 (11.7%).
  • Net income of 5,489,650,000 contributed positively to equity growth.
  • Dividend payments of 1,019,730,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 37,346,600,000.
  • Other factors increased equity by 37,342,710,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income Rs5.49 Billion +12.87%
Dividends Paid Rs1.02 Billion -2.39%
Other Comprehensive Income Rs-37.35 Billion -87.53%
Other Changes Rs37.34 Billion +87.52%
Total Change Rs- 11.69%

Book Value vs Market Value Analysis

This analysis compares Linde India Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 14.54x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 158.16x to 14.54x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2003-12-31 Rs46.00 Rs7275.50 x
2004-12-31 Rs46.00 Rs7275.50 x
2005-12-31 Rs48.69 Rs7275.50 x
2006-12-31 Rs61.28 Rs7275.50 x
2007-12-31 Rs67.45 Rs7275.50 x
2008-12-31 Rs124.10 Rs7275.50 x
2009-12-31 Rs124.07 Rs7275.50 x
2010-12-31 Rs130.74 Rs7275.50 x
2011-12-31 Rs147.97 Rs7275.50 x
2012-12-31 Rs156.40 Rs7275.50 x
2013-12-31 Rs167.36 Rs7275.50 x
2014-12-31 Rs162.89 Rs7275.50 x
2015-12-31 Rs163.26 Rs7275.50 x
2016-12-31 Rs168.91 Rs7275.50 x
2017-12-31 Rs170.09 Rs7275.50 x
2018-12-31 Rs171.41 Rs7275.50 x
2019-12-31 Rs254.67 Rs7275.50 x
2020-12-31 Rs261.98 Rs7275.50 x
2021-12-31 Rs318.31 Rs7275.50 x
2022-12-31 Rs286.20 Rs7275.50 x
2023-12-31 Rs406.69 Rs7275.50 x
2024-12-31 Rs447.91 Rs7275.50 x
2025-12-31 Rs500.28 Rs7275.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Linde India Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 12.87%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 21.69%
  • • Asset Turnover: 0.44x
  • • Equity Multiplier: 1.36x
  • Recent ROE (12.87%) is above the historical average (10.69%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2003 12.97% 9.36% 0.68x 2.03x Rs67.13 Million
2004 12.97% 9.36% 0.68x 2.03x Rs67.13 Million
2005 11.71% 7.27% 0.77x 2.08x Rs40.78 Million
2006 26.14% 15.06% 0.86x 2.02x Rs485.47 Million
2007 18.63% 20.68% 0.49x 1.83x Rs285.54 Million
2008 7.72% 15.01% 0.40x 1.27x Rs-235.85 Million
2009 5.03% 6.62% 0.49x 1.54x Rs-525.70 Million
2010 8.40% 9.04% 0.44x 2.11x Rs-178.74 Million
2011 9.64% 11.01% 0.37x 2.36x Rs-45.41 Million
2012 6.71% 6.81% 0.38x 2.56x Rs-439.11 Million
2013 5.42% 5.51% 0.35x 2.78x Rs-654.05 Million
2014 0.39% 0.37% 0.38x 2.79x Rs-1.34 Billion
2015 1.68% 1.51% 0.42x 2.63x Rs-1.16 Billion
2016 1.32% 1.04% 0.47x 2.69x Rs-1.25 Billion
2017 1.12% 0.80% 0.60x 2.35x Rs-1.29 Billion
2018 1.76% 1.17% 0.64x 2.33x Rs-1.20 Billion
2019 33.48% 41.29% 0.54x 1.50x Rs5.10 Billion
2020 6.76% 10.27% 0.45x 1.46x Rs-723.32 Million
2021 18.68% 24.02% 0.53x 1.48x Rs2.36 Billion
2022 17.98% 17.52% 0.57x 1.80x Rs1.95 Billion
2023 12.52% 15.68% 0.57x 1.40x Rs872.43 Million
2024 11.91% 18.30% 0.48x 1.35x Rs728.51 Million
2025 12.87% 21.69% 0.44x 1.36x Rs1.22 Billion

Industry Comparison

This section compares Linde India Limited's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

  • Industry: Specialty Chemicals
  • Average net assets among peers: $4,415,309,840
  • Average return on equity (ROE) among peers: 15.06%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Linde India Limited (LINDEINDIA) Rs42.67 Billion 12.97% 0.36x $6.71 Billion
Aarti Industries Limited (AARTIIND) $3.75 Billion 25.25% 1.91x $1.91 Billion
Aarti Surfactants Limited (AARTISURF) $1.36 Billion 4.04% 1.96x $35.50 Million
ABM International Limited (ABMINTLLTD) $148.54 Million -22.96% 1.64x $4.23 Million
Advanced Enzyme Technologies Limited (ADVENZYMES) $8.67 Billion 14.91% 0.13x $452.18 Million
Aether Industries Limited (AETHER) $3.87 Billion 28.16% 0.99x $1.66 Billion
Akzo Nobel India Limited (AKZOINDIA) $8.48 Billion 17.72% 1.40x $1.60 Billion
Alkali Metals Limited (ALKALI) $293.96 Million 25.87% 0.91x $9.63 Million
Alkyl Amines Chemicals Limited (ALKYLAMINE) $11.69 Billion 19.56% 0.36x $990.72 Million
Ami Organics Limited (AMIORG) $822.19 Million 28.33% 1.59x $1.18 Billion
Anupam Rasayan India Limited (ANURAS) $5.07 Billion 9.71% 1.61x $1.58 Billion

About Linde India Limited

NSE:LINDEINDIA India Specialty Chemicals
Market Cap
$6.71 Billion
Rs620.49 Billion INR
Market Cap Rank
#2992 Global
#133 in India
Share Price
Rs7275.50
Change (1 day)
+3.51%
52-Week Range
Rs5695.50 - Rs7847.50
All Time High
Rs9681.64
Categories
Companies in India Specialty Chemicals
About

Linde India Limited manufactures and sells industrial and medical gases in India. It operates through Gases, Related Products and Services; and Project Engineering Division segments. The Gases, Related Products and Services segment produces and sells oxygen, nitrogen, and argon gases. This segment engages in the provision of pipeline gas supply to steel, glass, and chemical industries; liquefied … Read more