Multibagger alert: Investment of Rs 1 lakh in this industrial gases company in 2020 would have turned to Rs 6.54 lakh today!
The company’s share price appreciation is 6 times the returns delivered by the S&P BSE 500 index, of which the company is a part.
Linde India Ltd, an S&P BSE 500 company, has turned into a multibagger stock by giving exceptional returns to its shareholders in the last two years. During this period, the company’s share price has appreciated by 554%, from Rs 538.45 on 29 April 2020 to Rs 3521.45 on 28 April 2022.
With this appreciation, the company has heavily outperformed the S&P BSE 500 index, of which the company is a part. In the last two years, the index has climbed from the level of 12,374.8 on 29 April 2020 to 23,759.49 on 28 April 2022, delivering returns of 92% over the two years.
Linde India is the leading industrial gases company in India. It was formerly known as BOC India Limited. The company owns and operates the country’s largest air separation plant and runs more than 20 production facilities and filling stations across the country.
It supplies a wide variety of gases and mixtures as well as 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 has the largest sales and distribution network in the country, giving it a wide geographic reach and proximity to its customers in any part of India.
In the recent quarter Q3FY22, the company’s topline surged over 35% YoY to Rs 644.15 crore. Similarly, the bottom line increased by 17.69% YoY to Rs 66.08 crore.
The company is currently trading at a TTM PE of 59.35x, as against the industry PE of 10.92x. In FY21, the company delivered an ROE & ROCE of 18.48% and 25.61% respectively.
At 12.17 pm, the shares of Linde India Ltd were trading at Rs 3,592.40, an increase of 2.01% from the previous day’s closing price of Rs 3521.45 on BSE. The stock has a 52-week high & low of Rs 4,192.35 and Rs 1,503.50 respectively on BSE.
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