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3M India Ltd - Stock Valuation and Financial Performance

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

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3M India Share Price

 ₹29,704.85 97.15 0.33%
as on 16-May'25 16:59

DeciZen - make an informed investing decision on 3M India

Overall Rating ⓘ
Bole Toh

1. Quality

Very Good
Check detailed 10 Yrs performace

2. Valuation

Fair
Check 10 Yrs Valuation charts

3. Price Trend

Semi Strong
Check Price chart

3M India stock performance -

PE Chart Key Ratios
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P/E Ratio (SA):
60.26
Market Cap:
33,462.7 Cr.
52-wk low:
25,714.4
52-wk high:
41,000

Is 3M India Ltd an attractive stock to invest in?

1. Is 3M India Ltd a good quality company?

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

2. Is 3M India Ltd 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.

3. Is 3M India Ltd 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.

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

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 ⓘ

Value Creation Index Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % ⓘ20.5%33.5%33.2%34.6%29.2%16.4%9.5%15.4%25.6%33.4%-
Value Creation
Index ⓘ		0.51.51.52.11.60.5-0.20.41.32.0-

Growth Parameters ⓘ

Growth Parameters Colour Code Guide ⓘ

Sales ⓘ1,8402,1402,3632,5562,8092,7652,4203,0783,7333,9274,229
Sales YoY Gr.-16.3%10.4%8.2%9.9%-1.6%-12.5%27.2%21.3%5.2%-
Adj EPS ⓘ89.3172.1204.1274.2294.3253.5133242.9380.7480.3492.9
YoY Gr.-92.8%18.6%34.4%7.3%-13.9%-47.5%82.6%56.7%26.2%-
BVPS (₹) ⓘ717877.11,088.71,364.11,650.71,841.81,9722,209.31,729.12,1041,579.5
Adj Net
Profit ⓘ		101194230309332286150274429541556
Cash Flow from Ops. ⓘ17726136529.4267218312334425583-
Debt/CF from Ops. ⓘ0.1000.30.100000-

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 13.9% 12% 18.2% -4.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity % ⓘ		13.421.620.822.419.514.5711.619.325.126.8
Op. Profit
Mgn % ⓘ		11.115.715.618.818.515.79.912.815.51817.3
Net Profit
Mgn % ⓘ		5.59.19.712.111.810.36.28.911.513.813.1
Debt to
Equity ⓘ		0000000000-
Working Cap
Days ⓘ		17813811613514215217714112813194
Cash Conv.
Cycle ⓘ		6853384561706939301853

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 26.80%

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 5.45%

Latest Financials - 3M India Ltd.

Standalone Consolidated
TTM EPS (₹) 492.9 542.7
TTM Sales (₹ Cr.) 4,229 4,186
BVPS (₹.) ⓘ 1,579.5 2,045.3
Reserves (₹ Cr.) ⓘ 1,768 2,293
P/BV ⓘ 18.81 14.52
PE ⓘ 60.26 54.74
From the Market
52 Week Low / High (₹) 25714.35 / 41000.00
All Time Low / High (₹) 70.00 / 41000.00
Market Cap (₹ Cr.) 33,463
Equity (₹ Cr.) 11.3
Face Value (₹) 10
Industry PE ⓘ 168

Management X-Ray of 3M India:

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 (%)

Valuation of 3M India

Event Update

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Analyst's Notes

3M India: Result snapshot - 15 Jun 2021

Results: Average

3M India reported 22% growth in sales in Q4FY21 over previous year on low base, 2 year CAGR was 6% CAGR. Operating profit growth over last 2 years is flat. 3M India operates in 4 primary segments viz. Safety & Industrial, Transportation, Healthcare and Consumer. For last 3 years 3M India has reported flat sales due to slowdown in segments like Transportation & Industrial. Profit margins have also shrinked due to lower utilization. 

Our Opinion: 3M India is known for diversified presense in various sectors and innovation in products. It caters to various segments like Electronics, Automotive, Industrial etc. It has been a pioneer in many operational products and has strong innovation culture at parent company. All new products are launched after research at parent company. While the profits haven’t recovered, the stock price has fully priced in the future prospects from pick up in transportation and Industrial. Based on information today, we do not see any material upside in stock returns over next 3 years.

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
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,8402,1402,3632,5562,8092,7652,4203,0783,7333,927
Operating Expenses ⓘ 1,6371,8031,9942,0762,3012,4252,1832,6963,1743,228
Manufacturing Costs1045764658873617997123
Material Costs1,0691,2021,3181,3311,4871,6121,4941,9142,3402,358
Employee Cost 246250280324301298337349366359
Other Costs ⓘ 217294333356425443290354371388
Operating Profit ⓘ 204336369480508340238382560699
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 ⓘ 14184944334227356474
Interest ⓘ 4222142473
Depreciation ⓘ 50494742425760535652
Exceptional Items ⓘ 0000000000
Profit Before Tax ⓘ 165303369480497320202360561718
Tax ⓘ 561081281691741015394145182
Profit After Tax 108195241311323219149266416536
PAT Margin (%) 5.9%9.1%10.2%12.1%11.5%7.9%6.2%8.6%11.1%13.7%
Adjusted EPS (₹)96.2172.9213.7275.7286.7194.4132.5236.3369.4476.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%257%144%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 8089881,2261,5371,8602,0752,2222,4891,9482,370
Share Capital ⓘ 11111111111111111111
Reserves ⓘ 7969771,2151,5251,8482,0632,2102,4781,9372,359
Minority Interest0000000000
Debt8655700000
Long Term Debt8655700000
Short Term Debt0000000000
Trade Payables157226400321323290468502712769
Others Liabilities ⓘ 507201293262280271201239233237
Total Liabilities ⓘ 1,4791,4201,9242,1242,4702,6372,8913,2302,8923,376

Fixed Assets

Gross Block587389408412433473461543584627
Accumulated Depreciation1994093127164186212252261310
Net Fixed Assetsⓘ 388349315285269287248291322318
CWIP ⓘ 112610723232512
Investmentsⓘ 0000585505505505505505
Inventories296292332347379411430453568498
Trade Receivables249317408530546507461489595679
Cash Equivalents ⓘ 1143717447894706669371,2076341,118
Others Assetsⓘ 43290122167210255287263243246
Total Assets ⓘ 1,4791,4201,9242,1242,4702,6372,8913,2302,8923,376

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity ⓘ 17726136529267218312334425583
PBT ⓘ 165303369480497320202360561718
Adjustment ⓘ 6860101017119462319-6
Changes in Working Capital ⓘ -121108-266-47-9714252-357
Tax Paid ⓘ -54-124-121-194-199-124-79-101-152-186
Cash Flow From Investing Activity ⓘ -411218-5901-16-43-20-229
Capex -5-10-14-15-38-20-38-68-60-31
Net Investments 000000000-254
Others ⓘ 1122633-5522122254056
Cash Flow From Financing Activityⓘ -119-5-4-24-24-25-21-980-128
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -7000000000
Interest Paid ⓘ -3-2-2-2000000
Dividend Paid ⓘ 00000000-955-113
Others ⓘ -108-3-104-24-25-21-24-15
Net Cash Flow ⓘ 5425737345-319195271269-575227

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)14.3821.6921.7422.4819.0211.136.9511.318.7624.84
ROCE (%)20.5333.5333.2434.6229.1616.419.5415.4325.633.42
Asset Turnover Ratio1.341.531.471.271.221.080.881.011.221.25
PAT to CFO Conversion(x)1.641.341.510.090.8312.091.261.021.09
Working Capital Days
Receivable Days49465466706973565359
Inventory Days52484648475263525050
Payable Days495887997969939295115

3M India Ltd Stock News

3M India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of 3M India on 16-May-2025 16:59 is ₹29,704.9.
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 16-May-2025 16:59 the market cap of 3M India stood at ₹33,462.7.
The latest P/E ratio of 3M India as of 16-May-2025 16:59 is 60.26.
The latest P/B ratio of 3M India as of 16-May-2025 16:59 is 18.81.
The 52-week high of 3M India is ₹41,000 and the 52-week low is ₹25,714.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of 3M India is ₹4,229 ( 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.
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