Fundamental Analysis

LINDE INDIA LIMITED 

Ticker : 523457 
BUY : Rs 1,903.30 
Target : Rs 2,130

Linde India Ltd is a leading supplier of gases and related products & services in India. In terms of the quarterly consolidated financials, net sales and other operating income for Q2CY21 were recorded at Rs 519.17 crore, exhibiting a robust growth from Rs 248.13 crore in Q2CY20. Operating profit increased significantly from Rs 74 crore in Q2CY20 to Rs 154.50 crore in Q2CY21. The company’s net profit grew strongly and reached Rs 70.55 crore in Q2CY21 as compared to a net profit of Rs 19.5 crore in Q1CY20. Recently, the company has entered into a business transfer agreement with HPS Gases to acquire its packaged gases business and distribution assets, having a transaction value of Rs 27.5 crore. Having a positive bias regarding the future expansion and growth of the company, we recommend a BUY for this stock.