Linde Bangladesh (DHA:LINDEBD) Operating Income: BDT456 Mil (TTM As of Mar. 2026)

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DHA:LINDEBD Linde Bangladesh Ltd DHA:LINDEBD
78 GF Score
Price BDT724.20
GF Value BDT837.07
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Linde Bangladesh Operating Income?

Linde Bangladesh DHA:LINDEBD -0.21% 78 Operating Income is BDT456 Mil as of Mar. 2026. GuruFocus rates DHA:LINDEBD with a GF Score™ of 78/100 and a GF Value™ of BDT837.07 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Linde Bangladesh's Operating Income for the three months ended in Mar. 2026 was BDT133 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was BDT456 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Linde Bangladesh's Operating Income for the three months ended in Mar. 2026 was BDT133 Mil. Linde Bangladesh's Revenue for the three months ended in Mar. 2026 was BDT592 Mil. Therefore, Linde Bangladesh's Operating Margin % for the quarter that ended in Mar. 2026 was 22.52%.

Warning Sign:

Linde Bangladesh Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -34.8%.

Linde Bangladesh's 5-Year average Growth Rate for Operating Margin % was -34.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Linde Bangladesh's annualized ROC % for the quarter that ended in Mar. 2026 was 14.51%. Linde Bangladesh's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.89%.


Linde Bangladesh  (DHA:LINDEBD) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Linde Bangladesh's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=533.324 * ( 1 - 21.98% )/( (2834.292 + 2900.129)/ 2 )
=416.0993848/2867.2105
=14.51 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5130.388 - 1180.561 - ( 1115.535 - max(0, 1349.065 - 2499.387+1115.535))
=2834.292

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5209.435 - 1183.325 - ( 1125.981 - max(0, 1319.727 - 2604.428+1125.981))
=2900.129

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Linde Bangladesh's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=533.324/( ( (2467.372 + max(-44.754, 0)) + (2439.821 + max(199.214, 0)) )/ 2 )
=533.324/( ( 2467.372 + 2639.035 )/ 2 )
=533.324/2553.2035
=20.89 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(688.566 + 339.667 + 272.534) - (1180.561 + 0 + 164.96)
=-44.754

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(927.648 + 344.139 + 243.465) - (1183.325 + 0 + 132.713)
=199.214

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Linde Bangladesh's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=133.331/591.991
=22.52 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Linde Bangladesh Operating Income Related Terms


Linde Bangladesh Operating Income Historical Data

* Premium members only.

The historical data trend for Linde Bangladesh's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Linde Bangladesh Operating Income Chart

Linde Bangladesh Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,470.82 1,142.04 324.59 11.21 413.35

Linde Bangladesh Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 91.17 89.20 93.90 139.08 133.33
DHA:LINDEBD
78GF Score
Linde Bangladesh Ltd DHA:LINDEBD
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Linde Bangladesh Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was BDT456 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of BDT456 Mil mean?
Linde Bangladesh (DHA:LINDEBD) has a Operating Income of BDT456 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Linde Bangladesh and its competitors.
Is Linde Bangladesh's Operating Income too high?
Linde Bangladesh's current Operating Income is BDT456 Mil. Overall, Linde Bangladesh has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Linde Bangladesh's Operating Income compare to LIN and SHW?
Linde Bangladesh's Operating Income of BDT456 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Chemicals company?
A good Operating Income depends on the Chemicals industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Linde Bangladesh and its competitors. Linde Bangladesh's current Operating Income is BDT456 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Linde Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, Linde Bangladesh (DHA:LINDEBD) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT837.07, compared to a current price of BDT724.20 — trading 13.5% below its estimated fair value. The current Operating Income is BDT456 Mil. Linde Bangladesh's overall GF Score™ is 78/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Linde Bangladesh (DHA:LINDEBD), the current Operating Income is BDT456 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Linde Bangladesh (DHA:LINDEBD) Overvalued in 2026?

Based on GuruFocus' analysis, Linde Bangladesh stock appears to be undervalued. The current stock price of BDT724.20 is trading 13.5% below its estimated GF Value™ of BDT837.07. GuruFocus considers Linde Bangladesh to be Modestly Undervalued.

Key valuation signals for DHA:LINDEBD:

  • Operating Income: BDT456 Mil
  • GF Value™: BDT837.07 vs. price of BDT724.20 (13.5% below fair value)
  • GF Score™: 78/100 with 4 warning signs

No single metric tells the full story. See the DHA:LINDEBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Linde Bangladesh Business Description

Address 285 Tejgaon Industrial Area, Dhaka, BGD, 1208
Linde Bangladesh Ltd is a multinational industrial and medical gases company. The company provides products and services within a specific economic environment and supplies customers across a wide spectrum of industries ranging from chemicals and petrochemicals to steel. It operates 2 Air Separation Units (ASUs), 2 carbon dioxide manufacturing plants, and a DA manufacturing plant in the country. It serves various end markets such as chemicals and energy, food, beverage, electronics, healthcare, manufacturing, metals, defense, infrastructure, aerospace, and institutions. Its segments include Bulk Gases; Packaged Gas and Products; and the Healthcare business, which generates maximum revenue and comprises various medical gases, medical equipment, and medical pipelines.
78GF Score

Get the complete analysis for DHA:LINDEBD

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT724.20
Price
BDT837.07
GF Value