Stock Name : Linde India/Tips Open Buy : 918 Posted Date : Nov 26, 2020
Stopless/Horizon : 872 Target : 1055 Results Achieved (Yes/No) :

Overview: Linde India Limited, formerly known as BOC India Limited, is a member of The Linde Group and it is India’s leading industrial gases company. Linde India Ltd is a Mid Cap company with a market capital of Rs 7504.59 Crore.

About the company:Linde Indiawas established as Indian Oxygen & Acetylene Company incorporation in Calcutta in 1935.In1958, the company was renamed as Indian Oxygen Ltd. (IOL). Later in 1995, IOL Ltdbecome BOC India Ltd as subsequently, BOC India rebranded as Linde India in 2013.

Linde India is a 75% subsidiary of The BOC Group Ltd, UK which is a wholly owned subsidiary of Linde AG and part of the Linde group (With operations across 100 countries, the Linde group is the world’s leading supplier of industrial, process and specialty gases).

Linde IndiaoperatesIndia’s largest air separation plant and runs more than 20 production facilities and filling stations across India. The company supplies gas through pipeline to its industrial customers. The company alsosupplies liquefied gases to mid-size demands, and compressed gas supply in cylinders for meeting smaller demand for gases for various industries.Linde Indiasupplies more than 20,000 gases and mixtures to its customers.

Similarly, Linde India provides a range of related services including the construction and installation of plants, equipment, pipelines and associated engineering services catering to the needs of a wide variety of industries. The company also manufactures cryogenic vessels, steam bath vaporizers and containerized micro plants, among others.

Management: Mr Robert John Hughes is the Chairman and Mr Abhijit Banerjee is the Managing Director of the company.

Shareholding Pattern (By September 2020):
• Foreign Promoters: 75.00%
• Foreign Institutions: 1.99%
• NBFC and Mutual Funds: 10.73%
• Others: 2.33%
• General Public: 8.61%
• Financial Institutions: 1.34%

Dividend:Linde India declared an equity dividend of 100.00% amounting to Rs 10 per share for the year ending December 2019.

Sales Report:For the quarter ended on 30th September 2020, Linde India reported a Consolidated sale of Rs 370.30 Crore, which is up 49.23 % from previous quarter’s Sales of Rs 248.13 Crore, but down -9.61 % compared to last year corresponding quarter’s Sales of Rs 409.67 Crore.In Q3 2020, Linde India’s net profit after tax is Rs 34.72 Crore.

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