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3M India Ltd (3MINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523395 NSE: 3MINDIA Diversified | Mid Cap | 3M India Share Price

₹31,625.25 -181.40 (-0.57%)

As on 10-Jun'26 16:59

3M India Ltd (3MINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523395 NSE: 3MINDIA Diversified | Mid Cap | 3M India Share Price

₹31,625.25 -181.40 (-0.57%)

As on 10-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹35,830 Cr.
Current Price
₹31,625.3
52-Week Low / High
₹28,300 / 38,300
TTM EPS
₹463.7
TTM Sales
₹5,090 Cr.
Book Value per Share
₹1,569.6
P/E Ratio
68.60
Lower than its 5-year historical median
Industry PE
123.9
Price to Book (P/B)
20.26
Higher than its 5-year historical median
Price to Sales (P/S)
7.04
Lower than its 5-year historical median
EV/EBITDA
33.84
Lower than its 5-year historical median
Dividend Yield
1.85%
Profitability Efficiency
Return on Equity (ROE)
23.84%
Outperforms industry median
Return on Capital Employed (ROCE)
39.29%
Outperforms industry median
Return on Assets (ROA)
15.32%
Operating Profit Margin
17.5%
Net Profit Margin
10.71%
Gross Profit Margin
18.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
6.12%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
2.36%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-18.4%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,757 Cr.
Equity
₹11.3 Cr.
Face Value
₹10
All Time Low / High
₹70.00 / 41000.00

3M India stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Semi Strong
Q.1 Is 3M India Ltd a good quality company?
3M India Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does 3M India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of 3M India Ltd vs industry peers?
3M India Ltd revenue CAGR is 9.96%, compared to the industry median CAGR of 9.96%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of 3M India Ltd?
Promoters hold 75.00% of the 3M India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of 3M India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.9% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
3M India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 33.5%33.2%34.6%29.2%16.4%9.5%15.4%25.6%38.3%39.3%-
Value Creation
Index
1.51.52.11.60.5-0.20.41.32.42.5-

Growth Parameters

Sales 2,1402,3632,5562,8092,7652,4203,0783,7334,1894,4465,090
Sales YoY Gr.-10.4%8.2%9.9%-1.6%-12.5%27.2%21.3%12.2%6.1%-
Adj EPS 172.1204.1274.2294.3253.5133242.9380.7522.5428.8463.7
YoY Gr.-18.6%34.4%7.3%-13.9%-47.5%82.6%56.7%37.3%-17.9%-
BVPS (₹) 877.11,088.71,364.11,650.71,841.81,9722,209.31,729.11,905.81,639.11,569.6
Adj Net
Profit
194230309332286150274429589483523
Cash Flow from Ops. 26136529.4267218312334425643355-
Debt/CF from Ops. 000.30.1000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.5%10%13%6.1%
Adj EPS 10.7%11.1%20.9%-17.9%
BVPS7.2%-2.3%-9.5%-14%
Share Price 10% 4% 6.1% 7.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
21.620.822.419.514.5711.619.328.824.228.9
Op. Profit
Mgn %
15.715.618.818.515.79.912.815.518.117.519.4
Net Profit
Mgn %
9.19.712.111.810.36.28.911.514.110.910.3
Debt to
Equity
00000000000
Working Cap
Days
13811613514215217714112812712978
Cash Conv.
Cycle
5338456170693930162843

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2,1402,3632,5562,8092,7652,4203,0783,7334,1894,446
Operating Expenses + 1,8031,9942,0762,3012,4252,1832,6963,1743,4383,676
Manufacturing Costs5764658873617997142156
Material Costs1,2021,3181,3311,4871,6121,4941,9142,3402,5072,649
Employee Cost 250280324301298337349366392438
Other Costs 294333356425443290354371397433
Operating Profit 336369480508340238382560752770
Operating Profit Margin (%) 15.7%15.6%18.8%18.1%12.3%9.8%12.4%15.0%17.9%17.3%
Other Income + 18494433422735648670
Exceptional Items 0000000000
Interest 22214247311
Depreciation 49474242576053565355
Profit Before Tax 303369480497320202360561781773
Tax 1081281691741015394145198297
Profit After Tax 195241311323219149266416583476
PAT Margin (%) 9.1%10.2%12.2%11.5%7.9%6.2%8.7%11.2%13.9%10.7%
Adjusted EPS (₹)172.9213.7275.7286.7194.4132.5236.3369.4517.9422.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%257.20%132.30%126.60%

Valuation of 3M India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 9881,2261,5371,8602,0752,2222,4891,9482,1471,846
Share Capital 11111111111111111111
Reserves 9771,2151,5251,8482,0632,2102,4781,9372,1361,835
Debt +6557000000
Long Term Debt6557000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables226400321323290468502712824756
Others Liabilities 201293262280271201239233250392
Total Liabilities 1,4201,9242,1242,4702,6372,8913,2302,8923,2202,995

Fixed Assets

Net Fixed Assets +349315285269287248291322332417
Gross Block389408412433473461543584655776
Accumulated Depreciation4093127164186212252261323359
CWIP 1261072323251210
Investments 00058550550550550500
Inventories292332347379411430453568532648
Trade Receivables317408530546507461489595703790
Cash Equivalents flag 3717447894706669371,2076341,358937
Others Assets 90122167210255287263243283192
Total Assets 1,4201,9242,1242,4702,6372,8913,2302,8923,2202,995

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 26136529267218312334425643355
PBT 303369480497320202360561781773
Adjustment 60101017119462319-18-1
Changes in Working Capital 21108-266-47-9714252-381-210
Tax Paid -124-121-194-199-124-79-101-152-202-207
Cash Flow From Investing Activity + 11218-5901-16-43-20-269322
Capex -10-14-15-38-20-38-68-60-31-55
Net Investments 00000000-308308
Others 122633-552212225406969
Cash Flow From Financing Activity + -5-4-24-24-25-21-980-128-789
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -2-2-2-0000000
Dividend Paid 0000000-955-113-772
Others -3-1-04-24-25-21-24-15-17
Net Cash Flow 25737345-319195271269-575246-112

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)21.6921.7422.4819.0211.136.9511.318.7628.523.84
ROCE (%)33.5333.2434.6229.1616.419.5415.4325.638.3139.29
Asset Turnover Ratio1.531.471.271.221.080.881.011.221.371.43
PAT to CFO Conversion(x)1.341.510.090.8312.091.261.021.10.75
Working Capital Days
Receivable Days46.5053.8066.3069.9069.5072.9056.305356.6061.30
Inventory Days48.3046.304847.2052.2063.4052.4049.9047.9048.40
Payable Days58.1086.6098.8079.1069.5092.6092.5094.70111.80108.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

3M India Ltd FAQs

The current trading price of 3M India on 10-Jun-2026 16:59 is ₹31,625.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Jun-2026 the market cap of 3M India stood at ₹35,830.4 Cr

The latest P/E ratio of 3M India as of 09-Jun-2026 is 68.60.

The latest P/B ratio of 3M India as of 09-Jun-2026 is 20.26.

The 52-week high of 3M India is ₹38,300 and the 52-week low is ₹28,300.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of 3M India is ₹5,090 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that 3M India Ltd is a good quality company.

The key valuation ratios of 3M India Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of 3M India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About 3M India Ltd

The company is the flagship listed Company of 3M Company, USA in India. 3M India managed its operations in four operating business segments: Safety and Industrial; Transportation & Electronics; Health Care; and Consumer. The Company’s four business segments bring together common or related 3M technologies, enhancing the development of innovative products and services and providing for efficient sharing of business resources. Most of its products involve expertise in technology, product development, manufacturing and marketing, and are subject to competition from products manufactured and sold by other technologically oriented companies

Business area of the company

3M Company is a diversified technology and science Company with a global presence in the following businesses: Safety and Industrial; Transportation & Electronics; Health Care; and Consumer and is among the leading manufacturers of products for many of the markets it serves.

Products of the company

  • Abrasives
  • Advanced materials
  • Aerospace & Aircraft Maintenance
  • Architecture & Construction
  • Automotive
  • Casting & Splinting
  • Dental
  • Filtration
  • Food Safety & Microbiology
  • Food Service & Hospitality
  • Hand Hygiene
  • Health Information Systems
  • Marine Maintenance and Repair
  • Medical Device & Optical Components
  • Orthodontic
  • Patient Monitoring
  • Personal Protective Equipment
  • Safety Products
  • Securement & Immobilization-Dressing Securement
  • Signs & Displays
  • Skin & Wound Care
  • Sterilization Monitoring
  • Surgical Solutions
  • Tapes & Adhesives
  • Traffic & Vehicle Safety
  • Vascular Access
  • Wire & Cable

Awards & Recognitions

Ethics & Compliance

  • 3M Company was honoured as one of 8 companies in the industrial manufacturing category worldwide for the World’s Most Ethical Company recognition. The company is proud to receive this for seven years in a row, an outcome of the collective efforts of 3Mers around the world.

Business Performance

  • 3M India was ranked 107th by market capitalisation, in Business Today's BT500 India's Most Valuable Listed Companies, an annual study that ranks listed companies on the basis of market capitalization and other financial parameters.

Innovation

  • An innovation developed by 3M India Limited R&D lab, 3M Scotchkote RG 700 Solar Heat Reflective Coating, was conferred an honourary mention in Fast Company’s World Changing Ideas in the Energy category.

Diversity & Inclusion

  • 2019 Working Mother & AVTAR Best Companies for Women in India study recognised 3M India Limited as one of the Top 100 Best Companies for Women in India, for commitment to gender inclusive policies and initiatives.

Manufacturing Excellence

  • 3M India Ranjangaon plant was awarded the Gold Award for Manufacturing Excellence by Frost & Sullivan for the second consecutive year.

Industry Recognition

  • 3M India was recognised on the occasion of World Food Safety Day for contributing to FSSAI standards, methods & capacity building activities.

Quality

  • 3M India manufacturing plant at Electronics city received the 3M Corporate recognition for Quality achievement for the eighth consecutive year.

Milestones:

1987

  • Jun - 3M and Birlas become Partners

1988

  • Nov - Foundation laid for Manufacturing Facility at Electronics City, Bangalore

1990

  • Feb - Inauguration of Customer Tech Centre, Bangalore, by Allen F. Jacobson, CEO, 3M, St.Paul
  • Apr - Production of UY connectors
  • Jun - First Shipment of MS2 Connectors
  • Jul - Commencement of Scotch-Brite Conversion
  • Sep - First Shipment of first Automotive Stripings
  • Oct - Installation of Tape Coater

1991

  • Jan - Production of Box Sealing Tape Manufacturing of first batch of Light Water

1992

  • Oct - First Shareholder's Meeting

1993

  • Jul - Self-Certification Approval for Telecom Connectors.
  • Jul - 3M increases equity holding to 51%.
  • Jul - Warehousing Operation at Delhi.
  • Nov - Warehousing Operations at Mumbai

1994

  • Jan - Opening of Chennai Customer Sales Centre 
  • Apr - Opening of Calcutta Customer Sales Centre 
  • Dec - Opening of Bangalore Customer Sales Centre

1995

  • Feb - AS-400 Installed- E-mail and IFS2 Implemented
  • Apr - ISO-9002 Certification 
  • Nov - New Warehouse, Bangalore

1996

  • Feb - Inauguration of Graphics Production Centre - New Warehouse, Mumbai
  • Mar - Printed Post-it Notes
  • Dec - Opening of Second Customer Sales Centre in Bangalore

1997

  • Jan - Industrial land acquisition at Ranjangoon, Pune
  • May - Mumbai Customer Sales Centre Expansion
  • Jul - Chennai Warehouse

1998

  • Jan - Expansion of Bangalore Customer Sales Center-1
  • Apr - 3M Increases equity holding to 76%
  • Jul - Opening of new Delhi Customer Sales Centre with expanded facilities
  • Aug - Inauguration of Innovation Center, Electronics City, Bangalore

2000

  • Jun - Acquisition of Auto Striping India Pvt. Ltd.
  • Jul - Inauguration of Centralized Corporate Office 

2002

  • Dec - Company name changed to 3M India Limited from Birla 3M Limited.

2004

  • Aug - Inauguration of Manufacturing Facility for Corrosion Protection Products in Ahmadabad

2006

  • Dec - Acquisition of Mahindra Engineering & Chemical Products Limited.

2007

  • Apr - Moved to a brand new Corporate Office at UB City in Bangalore
  • Sep - Expansion of Bangalore & Ahmedabad Plants
  • Oct - Acquisition of Macroworx Media Pvt Ltd

2008

  • Jun - 3M completes 20 years of operation in India
  • Oct - 3M India's 5th Manufacturing facility at Ranjangaon begins commercial operations 

2009

  • Jul - Phase 2 of 3M India's Corrosion Protection Manufacturing Facility at Ahmadabad inaugurated.

2010

  • 3M India made its first foray into the retail space in India with the launch of the 3M Car Care Centre initiative.
  • Filed 13 patents & launched over 23 new product innovations for the India market.

2011

  • 3M India's biggest Distribution Centre inaugurated at Electronics City, Bangalore to meet 2015 growth needs.
  • Expanded regional presence with 4 branch offices in Kolkata, Chennai, Pune & Gurgaon respectively.
  • Inaugurated two state-of-the-art Innovation Centres at Bangalore and Gurgaon to focus on local product innovations.Filed 14 patents.
  • Ranked 4th in the prestigious Indian Council of Market Research ( ICMR) list of 'Most Innovative Brands' in India.

2012

  • 3M Wins 2012 Manufacturing Leadership 100 Award for Innovative Enterprise
  • 3M's Renewable Energy Division and Gossamer Space Frames unveiled the world’s largest aperture trough using 3M Solar Mirror Film 1100 for concentrated solar power.

2013

  • 3M topped $30 billion in sales around the globe.

2014

  • In May 2014 3M reached an innovation milestone with the issuance of 52 patents, moving the company’s total number of patents past the 100,000 mark.
  • 8KMiles acquires SERJ solution.
  • EzIAM - An enterprise grade IDaaS availability announcement was made at the AWS Summit- prweb.    
  • 3M scientists and researchers earned the company its 100,000th patent.                   

2015

  • 3M has been named to the Dow Jones Sustainability Index for 16 consecutive years.
  • 3M opened a state-of-the-art, $150-million research and development laboratory on its Minnesota campus.

2017

  • 3M Healthcare has partnered with leading accreditation body to launch courses for upgradation of sterilization standards in hospitals and nursing homes.
  • Launch of Command range of products in e-Commerce.

2018

  • Launch of Command range of products in Modern Trade.
  • Launch of innovative products like Scotch-Brite Broom, Microfiber cloth and a range of household tapes including wall-safe tapes and student tape.
  • Partnered with adjacent category & household brands for cross promotional activities thereby expanding household reach for our products.

2019

  • The company inaugurated 3M’s third customer innovation center at Mumbai.
  • The company has launched a national level nursing leadership awards program to recognize the contributions of nurses in India.
  • The company’s India R&D team developed a coating technology for the Indian railways to reduce the temperature in passenger trains.
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