Linde India Limited (LINDEINDIA) - Net Assets

Latest as of September 2025: Rs39.96 Billion INR ≈ $432.17 Million USD

Based on the latest financial reports, Linde India Limited (LINDEINDIA) has net assets worth Rs39.96 Billion INR (≈ $432.17 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs53.71 Billion ≈ $580.85 Million USD) and total liabilities (Rs13.75 Billion ≈ $148.68 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 financial resilience of Linde India Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs39.96 Billion
% of Total Assets	74.4%
Annual Growth Rate	14.42%
5-Year Change	70.97%
10-Year Change	174.31%
Growth Volatility	44.99

Linde India Limited - Net Assets Trend (2003–2024)

This chart illustrates how Linde India Limited's net assets have evolved over time, based on quarterly financial data. Also explore LINDEINDIA total asset value for the complete picture of this company's asset base.

Annual Net Assets for Linde India Limited (2003–2024)

The table below shows the annual net assets of Linde India Limited from 2003 to 2024. For live valuation and market cap data, see LINDEINDIA stock market capitalisation.

Year	Net Assets	Change
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 grown by 3037074000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	Rs30.37 Billion	79.51%
Common Stock	Rs852.84 Million	2.23%
Other Comprehensive Income	Rs37.35 Billion	97.77%
Total Equity	Rs38.20 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
Spring Airlines Co Ltd SHG:601021	$6.75 Billion
HELLENIC TELEC.ORG.ADR1/2 F:OTES	$6.76 Billion
Yes Bank Limited NSE:YESBANK	$6.76 Billion
CAR Group Ltd AU:CAR	$6.76 Billion
Morningstar Inc NASDAQ:MORN	$6.75 Billion
NINGBO SHANSHAN GDR/A F:OJ8	$6.75 Billion
Gaztransport & Technigaz SAS PA:GTT	$6.74 Billion
Sprouts Farmers Market LLC NASDAQ:SFM	$6.74 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 2023 to 2024, total equity changed from 34,684,320,000 to 38,199,440,000, a change of 3,515,120,000 (10.1%).
Net income of 4,548,450,000 contributed positively to equity growth.
Dividend payments of 1,020,210,000 reduced retained earnings.
Other comprehensive income increased equity by 36,331,110,000.
Other factors decreased equity by 36,344,230,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Rs4.55 Billion	+11.91%
Dividends Paid	Rs1.02 Billion	-2.67%
Other Comprehensive Income	Rs36.33 Billion	+95.11%
Other Changes	Rs-36.34 Billion	-95.14%
Total Change	Rs-	10.13%

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: 16.34x
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 273.94x to 16.34x 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	Rs26.72	Rs7320.00	x
2004-12-31	Rs26.72	Rs7320.00	x
2005-12-31	Rs28.28	Rs7320.00	x
2006-12-31	Rs35.60	Rs7320.00	x
2007-12-31	Rs39.18	Rs7320.00	x
2008-12-31	Rs122.63	Rs7320.00	x
2009-12-31	Rs124.07	Rs7320.00	x
2010-12-31	Rs130.74	Rs7320.00	x
2011-12-31	Rs147.97	Rs7320.00	x
2012-12-31	Rs156.40	Rs7320.00	x
2013-12-31	Rs167.36	Rs7320.00	x
2014-12-31	Rs162.89	Rs7320.00	x
2015-12-31	Rs163.26	Rs7320.00	x
2016-12-31	Rs168.91	Rs7320.00	x
2017-12-31	Rs170.09	Rs7320.00	x
2018-12-31	Rs171.41	Rs7320.00	x
2019-12-31	Rs254.67	Rs7320.00	x
2020-12-31	Rs261.98	Rs7320.00	x
2021-12-31	Rs318.31	Rs7320.00	x
2022-12-31	Rs286.20	Rs7320.00	x
2023-12-31	Rs406.69	Rs7320.00	x
2024-12-31	Rs447.91	Rs7320.00	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): 11.91%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 18.30%
• Asset Turnover: 0.48x
• Equity Multiplier: 1.35x
Recent ROE (11.91%) is above the historical average (10.34%), 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	13.47%	9.78%	0.75x	1.83x	Rs114.98 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%	9.50%	0.42x	2.11x	Rs-178.73 Million
2011	9.64%	10.41%	0.39x	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	1.08%	0.84%	0.48x	2.69x	Rs-1.29 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

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: $8,233,598,031
Average return on equity (ROE) among peers: 14.34%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Linde India Limited (LINDEINDIA)	Rs39.96 Billion	12.97%	0.34x	$6.75 Billion
Aarti Industries Limited (AARTIIND)	$16.55 Billion	20.11%	1.65x	$1.99 Billion
Aarti Surfactants Limited (AARTISURF)	$1.11 Billion	1.88%	1.36x	$37.34 Million
ABM International Limited (ABMINTLLTD)	$161.33 Million	4.08%	2.02x	$4.23 Million
Advanced Enzyme Technologies Limited (ADVENZYMES)	$1.66 Billion	30.02%	1.39x	$420.87 Million
Aether Industries Limited (AETHER)	$22.26 Billion	7.12%	0.19x	$1.68 Billion
Akzo Nobel India Limited (AKZOINDIA)	$9.20 Billion	20.25%	0.96x	$1.45 Billion
Alkali Metals Limited (ALKALI)	$528.67 Million	5.51%	1.00x	$7.38 Million
Alkyl Amines Chemicals Limited (ALKYLAMINE)	$980.47 Million	17.95%	1.88x	$838.56 Million
Ami Organics Limited (AMIORG)	$576.82 Million	32.06%	1.70x	$1.18 Billion
Anupam Rasayan India Limited (ANURAS)	$29.31 Billion	4.39%	0.57x	$1.65 Billion

About Linde India Limited

NSE:LINDEINDIA India Specialty Chemicals

Market Cap

$6.75 Billion

Rs624.28 Billion INR

Market Cap Rank

#2942 Global

#129 in India

Share Price

Rs7320.00

Change (1 day)

+0.17%

52-Week Range

Rs5695.50 - Rs7588.50

All Time High

Rs9681.64