Is 3M India a good quality company?

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

Is 3M India undervalued or overvalued?

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

What is 3M India share price return in the past 10 years?

3M India Ltd share price has appreciated 16% annually (CAGR) over the past ten years.

Is 3M India a good buy now?

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.

3M India Ltd - Stock Valuation and Financial Performance

Name: 3M India
Brand: 3M India

BSE: 523395 | NSE: 3MINDIA | Diversified | Mid Cap

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3M India Share Price

₹29,970.50 934.45 3.22%
as on 23-Jan'25 16:59

10 Year X-Ray of 3M India:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	20.5%	33.5%	33.2%	34.6%	29.2%	16.4%	9.5%	15.4%	25.6%	33.4%	-
Value Creation Index ⓘ	0.5	1.5	1.5	2.1	1.6	0.5	-0.2	0.4	1.3	2.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,840	2,140	2,363	2,556	2,809	2,765	2,420	3,078	3,733	3,927	4,080
Sales YoY Gr.	-	16.3%	10.4%	8.2%	9.9%	-1.6%	-12.5%	27.2%	21.3%	5.2%	-
Adj EPS ⓘ	89.3	172.1	204.1	274.2	294.3	253.5	133	242.9	380.7	480.3	502.5
YoY Gr.	-	92.8%	18.6%	34.4%	7.3%	-13.9%	-47.5%	82.6%	56.7%	26.2%	-
BVPS (₹) ⓘ	717	877.1	1,088.7	1,364.1	1,650.7	1,841.8	1,972	2,209.3	1,729.1	2,104	1,478.5
Adj Net Profit ⓘ	101	194	230	309	332	286	150	274	429	541	566
Cash Flow from Ops. ⓘ	177	261	365	29.4	267	218	312	334	425	583	-
Debt/CF from Ops. ⓘ	0.1	0	0	0.3	0.1	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.8%	6.9%	17.5%	5.2%
Adj EPS ⓘ	20.6%	10.3%	53.4%	26.2%
BVPSⓘ	12.7%	5%	2.2%	21.7%
Share Price	16%	6%	6.7%	-10.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	13.4	21.6	20.8	22.4	19.5	14.5	7	11.6	19.3	25.1	28.1
Op. Profit Mgn % ⓘ	11.1	15.7	15.6	18.8	18.5	15.7	9.9	12.8	15.5	18	18.3
Net Profit Mgn % ⓘ	5.5	9.1	9.7	12.1	11.8	10.3	6.2	8.9	11.5	13.8	13.9
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	178	138	116	135	142	152	177	141	128	131	94
Cash Conv. Cycle ⓘ	68	53	38	45	61	70	69	39	30	18	53

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 28.10%

Sales growth is growing at healthy rate in last 3 years 17.50%

Net Profit is growing at healthy rate in last 3 years 53.42%

Sales growth is not so good in last 4 quarters at 3.61%

Latest Financials - 3M India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	502.5	542.7
TTM Sales (₹ Cr.)	4,080	4,186
BVPS (₹.) ⓘ	1,478.5	2,045.3
Reserves (₹ Cr.) ⓘ	1,654	2,293
P/BV ⓘ	19.64	14.20
PE ⓘ	57.78	53.50

From the Market
52 Week Low / High (₹)	28424.00 / 41000.00
All Time Low / High (₹)	70.00 / 41000.00
Market Cap (₹ Cr.)	32,709
Equity (₹ Cr.)	11.3
Face Value (₹)	10
Industry PE ⓘ	105.4

Management X-Ray of 3M India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of 3M India

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

3M India: Result snapshot

15 Jun, 2021

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Key Ratios of 3M India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,840	2,140	2,363	2,556	2,809	2,765	2,420	3,078	3,733	3,927
Operating Expenses ⓘ	1,637	1,803	1,994	2,076	2,301	2,425	2,183	2,696	3,174	3,228
Manufacturing Costs	104	57	64	65	88	73	61	79	97	123
Material Costs	1,069	1,202	1,318	1,331	1,487	1,612	1,494	1,914	2,340	2,358
Employee Cost	246	250	280	324	301	298	337	349	366	359
Other Costs ⓘ	217	294	333	356	425	443	290	354	371	388
Operating Profit ⓘ	204	336	369	480	508	340	238	382	560	699
Operating Profit Margin (%)	11.1%	15.7%	15.6%	18.8%	18.1%	12.3%	9.8%	12.4%	15.0%	17.8%
Other Income ⓘ	14	18	49	44	33	42	27	35	64	74
Interest ⓘ	4	2	2	2	1	4	2	4	7	3
Depreciation ⓘ	50	49	47	42	42	57	60	53	56	52
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	165	303	369	480	497	320	202	360	561	718
Tax ⓘ	56	108	128	169	174	101	53	94	145	182
Profit After Tax	108	195	241	311	323	219	149	266	416	536
PAT Margin (%)	5.9%	9.1%	10.2%	12.1%	11.5%	7.9%	6.2%	8.6%	11.1%	13.7%
Adjusted EPS (₹)	96.2	172.9	213.7	275.7	286.7	194.4	132.5	236.3	369.4	476.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	257%	144%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	808	988	1,226	1,537	1,860	2,075	2,222	2,489	1,948	2,370
Share Capital ⓘ	11	11	11	11	11	11	11	11	11	11
Reserves ⓘ	796	977	1,215	1,525	1,848	2,063	2,210	2,478	1,937	2,359
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	8	6	5	5	7	0	0	0	0	0
Long Term Debt	8	6	5	5	7	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	157	226	400	321	323	290	468	502	712	769
Others Liabilities ⓘ	507	201	293	262	280	271	201	239	233	237
Total Liabilities ⓘ	1,479	1,420	1,924	2,124	2,470	2,637	2,891	3,230	2,892	3,376
Fixed Assets
Gross Block	587	389	408	412	433	473	461	543	584	627
Accumulated Depreciation	199	40	93	127	164	186	212	252	261	310
Net Fixed Assetsⓘ	388	349	315	285	269	287	248	291	322	318
CWIP ⓘ	1	1	2	6	10	7	23	23	25	12
Investmentsⓘ	0	0	0	0	585	505	505	505	505	505
Inventories	296	292	332	347	379	411	430	453	568	498
Trade Receivables	249	317	408	530	546	507	461	489	595	679
Cash Equivalents ⓘ	114	371	744	789	470	666	937	1,207	634	1,118
Others Assetsⓘ	432	90	122	167	210	255	287	263	243	246
Total Assets ⓘ	1,479	1,420	1,924	2,124	2,470	2,637	2,891	3,230	2,892	3,376

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	177	261	365	29	267	218	312	334	425	583
PBT ⓘ	165	303	369	480	497	320	202	360	561	718
Adjustment ⓘ	68	60	10	10	17	119	46	23	19	-6
Changes in Working Capital ⓘ	-1	21	108	-266	-47	-97	142	52	-3	57
Tax Paid ⓘ	-54	-124	-121	-194	-199	-124	-79	-101	-152	-186
Cash Flow From Investing Activity ⓘ	-4	1	12	18	-590	1	-16	-43	-20	-229
Capex	-5	-10	-14	-15	-38	-20	-38	-68	-60	-31
Net Investments	0	0	0	0	0	0	0	0	0	-254
Others ⓘ	1	12	26	33	-552	21	22	25	40	56
Cash Flow From Financing Activityⓘ	-119	-5	-4	-2	4	-24	-25	-21	-980	-128
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-7	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-3	-2	-2	-2	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	-955	-113
Others ⓘ	-108	-3	-1	0	4	-24	-25	-21	-24	-15
Net Cash Flow ⓘ	54	257	373	45	-319	195	271	269	-575	227

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	14.38	21.69	21.74	22.48	19.02	11.13	6.95	11.3	18.76	24.84
ROCE (%)	20.53	33.53	33.24	34.62	29.16	16.41	9.54	15.43	25.6	33.42
Asset Turnover Ratio	1.34	1.53	1.47	1.27	1.22	1.08	0.88	1.01	1.22	1.25
PAT to CFO Conversion(x)	1.64	1.34	1.51	0.09	0.83	1	2.09	1.26	1.02	1.09
Working Capital Days
Receivable Days	49	46	54	66	70	69	73	56	53	59
Inventory Days	52	48	46	48	47	52	63	52	50	50
Payable Days	49	58	87	99	79	69	93	92	95	115

3M India Ltd Stock News

3M India Ltd FAQs

What is the share price of 3M India?

Company share prices are keep on changing according to the market conditions. The closing price of 3M India on 23-Jan-2025 16:59 is ₹29,970.5.

What is the market cap of 3M India?

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 23-Jan-2025 16:59 the market cap of 3M India stood at ₹32,709.3.

What is the P/E ratio of 3M India?

The latest P/E ratio of 3M India as of 23-Jan-2025 16:59 is 57.78.

What is the P/B ratio of 3M India?

The latest P/B ratio of 3M India as of 23-Jan-2025 16:59 is 19.64.

What is the 52-week high and low of 3M India?

The 52-week high of 3M India is ₹41,000 and the 52-week low is ₹28,424.

What is the TTM revenue of 3M India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of 3M India is ₹4,080 ( Cr.) .

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.