You're probably scratching your head. You typed in BOC India share price and somehow ended up looking at a company called Linde India. Honestly, it’s one of those corporate identity shifts that still trips people up years later.
Basically, BOC India doesn't exist on the ticker anymore. It hasn't for a while.
If you're hunting for that specific stock, you’ve gotta look for LINDEINDIA on the NSE or BSE. Back in early 2013, specifically around February 18, the company officially rebranded. It wasn't just a fresh coat of paint or a fancy new logo; it was part of a massive global consolidation after the Linde Group acquired the BOC Group way back in 2006.
The Reality of the BOC India Share Price Today
Let’s talk numbers. As of mid-January 2026, the stock—now trading as Linde India—is hovering around the ₹6,101 mark.
It’s been a bit of a wild ride lately. In the last year, the price has swung between a low of ₹5,242 and a high of ₹7,870. That’s a massive gap. If you bought at the top, you're likely feeling a bit of a sting right now. But if you’ve been holding since the actual "BOC" days? Well, you’re probably sitting on some pretty life-changing gains, considering where this thing used to trade a decade ago.
The market cap is sitting right around ₹52,000 crores.
Investors often get spooked by the P/E ratio here. It’s high. Like, over 100x high. In a world where the sector average might sit much lower, seeing a triple-digit P/E makes some folks run for the hills. Others argue it's just the "scarcity premium" for a dominant player in industrial gases.
✨ Don't miss: Is the University of South Florida MBA Still Worth It in 2026? What You Actually Need to Know
Why Does This Stock Move the Way It Does?
Industrial gases aren't exactly "sexy" like AI or electric vehicles, but they are the literal oxygen of the economy. Literally.
Linde India provides the gases needed for steel manufacturing, healthcare (think medical oxygen), and chemicals. When the infrastructure sector in India booms, this stock usually catches a tailwind.
Recent Financial Performance (Q2 FY 2025-26)
The most recent earnings report—for the quarter ending September 2025—showed something kinda interesting. Revenue actually dipped slightly year-over-year, about 0.5%, coming in at roughly ₹647.7 crores.
But here’s the kicker: the net profit skyrocketed.
We’re talking a 60.7% jump in profit compared to the same period the previous year. How? They slashed expenses. Total expenses were down significantly, which pushed their operating margins into the 40% range. It’s a classic case of a company doing more with less.
The EPS (Earnings Per Share) for that quarter hit ₹20.05.
What Most People Get Wrong About This Ticker
There is a common misconception that because the name changed, the business changed. It didn't.
Linde plc is the big parent company, and they own a whopping 75% of the Indian subsidiary. That’s the maximum allowed for a listed company in India without triggering delisting rules. This high promoter holding is a double-edged sword.
- The Good: It shows the parent company is 100% committed. They aren't dumping shares.
- The Bad: There isn't a lot of "float." Because so few shares are available for the public to trade, the price can be incredibly volatile. A small amount of buying or selling can move the needle by hundreds of rupees in a single afternoon.
Also, don't expect a big dividend. The yield is tiny—usually around 0.07% to 0.20%. This is a growth and "moat" play, not an income play.
The Regulatory Drama You Should Know About
If you’re looking at the BOC India share price (Linde) as a potential buy, you have to be aware of the legal stuff. The company has been in a bit of a tussle with SEBI and the Securities Appellate Tribunal (SAT) over "related-party transactions."
Basically, regulators wanted to make sure that the deals between the Indian arm and the global parent were fair to the minority shareholders. This led to some court dates and valuation exercises that kept the stock price under pressure throughout late 2024 and 2025.
It's the kind of "boring" news that actually matters more than the daily price charts.
Actionable Steps for Investors
If you are currently holding or looking to enter:
- Check the Symbol: Stop looking for BOC. Set your alerts for LINDEINDIA.
- Watch the 200-DMA: The 200-day moving average is currently around ₹6,378. The stock is trading below that right now, which technically puts it in a "bearish" zone for short-term traders.
- Mind the Valuation: With a P/E over 100, you are paying a massive premium for future growth. Ask yourself if you believe the industrial sector in India will grow fast enough to justify that.
- Earnings Date: Mark your calendar for February 10, 2026. That’s when the next set of quarterly results is expected to drop. Expect volatility around that date.
The industrial gas business is a "moat" business. It's hard to build these plants, and it's even harder to build the distribution network. Whether you call it BOC India or Linde, the underlying asset is one of the most stable industrial plays in the Indian market, provided you can stomach the high entry price.
👉 See also: Baldwin and Lee Funeral Home Pearl MS: What Most People Get Wrong
Monitor the upcoming February earnings report closely. Pay attention to the operating profit margins specifically; if they can maintain that 40% efficiency as revenue starts to grow again, the valuation might finally start to make sense to the skeptics.