Linde IndiaNSE:LINDEINDIA -1.68%75 Operating Margin % is 18.25% as of Mar. 2026, which is 24% above its 10-year median of 14.74. GuruFocus rates NSE:LINDEINDIA with a GF Score™ of 75/100 and a GF Value™ of ₹7,512.39 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,585 Chemicals companies, Linde India ranks better than 96.78% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Linde India's Operating Income for the
three
months ended in Mar. 2026 was ₹1,121 Mil. Linde India's Revenue for the
three
months ended in Mar. 2026 was ₹6,143 Mil. Therefore, Linde India's Operating Margin % for the quarter that ended in Mar. 2026 was 18.25%.
Good Sign:
Linde India Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Linde India's Operating Margin % or its related term are showing as below:
NSE:LINDEINDIA'
s Operating Margin % Range Over the Past 10 Years
Min: 5.89 Med: 14.74 Max: 26.64
Current: 26.64
NSE:LINDEINDIA's Operating Margin % is ranked better than 96.78% of 1585
companies
in the Chemicals industry
Industry Median: 6.02
vs NSE:LINDEINDIA: 26.64
Linde India's 5-Year Average Operating Margin % Growth Rate was 12.60% per year.
Linde India's Operating Income for the
three
months ended in Mar. 2026 was ₹1,121 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹6,742 Mil.
Linde India (NSE:LINDEINDIA) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
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 Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) 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 India Operating Margin % Related Terms
Linde India Operating Margin % Historical Data
* Premium members only.
The historical data trend for Linde India's Operating Margin % 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.
NSE:LINDEINDIA vs LIN, SHW, ECL: Operating Margin % Comparison
For the Specialty Chemicals subindustry, Linde India's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Linde India Operating Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Linde India's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Linde India's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Linde India's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* 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 India (NSE:LINDEINDIA) has a Operating Margin % of 18.25% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Linde India and its competitors. This is 24% above median its historical median of 14.74. Over the past decade, Linde India's Operating Margin % has ranged from 5.89 to 26.64. According to the industry distribution chart, Linde India ranks #51 out of 1585 companies in the Chemicals industry, placing it in the top 3.2%.
Is Linde India's Operating Margin % too high?
Linde India's current Operating Margin % of 18.25% is 24% above median its 10-year median of 14.74. Over the past 10 years, this metric has ranged from a low of 5.89 to a high of 26.64. The Chemicals industry median Operating Margin % is 6.02. Linde India's value of 18.25% is 203.2% above this industry median. Based on the distribution chart, Linde India ranks #51 out of 1585 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Linde India has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Linde India's Operating Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Linde India ranks #51 out of 1585 companies for Operating Margin %. This places Linde India in the top 3% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.02. Linde India's value of 18.25% is 203.2% above this benchmark. Historically, Linde India's own Operating Margin % has ranged from 5.89 to 26.64 over the past decade. While the company's 10-year median is 14.74 vs. the industry median of 6.02, Linde India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Chemicals company?
The median Operating Margin % among Chemicals companies is 6.02, based on 1,585 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Linde India's current Operating Margin % of 18.25% is 203.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Linde India and its competitors. For the Chemicals industry, the median Operating Margin % is 6.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Linde India's current Operating Margin % is 18.25%, which is 24% above median its own 10-year median of 14.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Linde India stock overvalued right now?
Based on GuruFocus' analysis, Linde India (NSE:LINDEINDIA) is currently considered Fairly Valued. The stock's GF Value™ is ₹7,512.39, compared to a current price of ₹7,021.50 — trading 6.5% below its estimated fair value. The current Operating Margin % is 18.25%, which is 24% above median its 10-year median of 14.74 and 203.2% above the Chemicals industry median of 6.02. Linde India's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Linde India (NSE:LINDEINDIA), the current Operating Margin % is 18.25% 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 India (NSE:LINDEINDIA) Overvalued in 2026?
Based on GuruFocus' analysis, Linde India stock appears to be undervalued.
The current stock price of ₹7,021.50 is trading 6.5% below its estimated GF Value™ of ₹7,512.39.
GuruFocus considers Linde India to be Fairly Valued.
Key valuation signals for NSE:LINDEINDIA:
Operating Margin %: 18.25% (24% above median its 10-year median of 14.74)
GF Value™: ₹7,512.39 vs. price of ₹7,021.50 (6.5% below fair value)
Industry Position: 203.2% above the Chemicals median (#51 of 1585)
No single metric tells the full story. See the NSE:LINDEINDIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Linde India Ltd is a manufacturer of industrial gases. It operates in two segments: Gases and Related Products, which comprises pipeline gas supplies (Onsite) to large industrial customers, mainly the steel, glass, and chemical industries; and Project Engineering, which includes design, engineering, supply, installation, testing, and commissioning of Air Separation Plants and related projects on turnkey basis. The majority of its revenue comes from its Gases segment from the domestic market.
75GF Score
Get the complete analysis for NSE:LINDEINDIA
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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