MoneyWorks4Me

3M India Ltd (3MINDIA)

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

₹33,942.35 -619.55 (-1.79%)

As on 25-Sep'26 16:59

3M India Ltd (3MINDIA)

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

₹33,942.35 -619.55 (-1.79%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹38,236 Cr.
Current Price
₹33,942.4
52-Week Low / High
₹28,747 / 38,300
TTM EPS
₹512.8
TTM Sales
₹5,317 Cr.
Book Value per Share
₹1,776.5
P/E Ratio
66.19
Lower than its 5-year historical median
Industry PE
86.3
Price to Book (P/B)
19.11
Higher than its 5-year historical median
Price to Sales (P/S)
7.19
Lower than its 5-year historical median
EV/EBITDA
36.42
Lower than its 5-year historical median
Dividend Yield
1.49%
Profitability Efficiency
Return on Equity (ROE)
28.90%
Outperforms industry median
Return on Capital Employed (ROCE)
51.87%
Outperforms industry median
Return on Assets (ROA)
17.10%
Operating Profit Margin
20%
Net Profit Margin
10.26%
Gross Profit Margin
19.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
14.49%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
28.09%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
9.71%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,990 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

Fair

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 16.03%, compared to the industry median CAGR of 16.03%, 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 10.1% 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ33.2%34.6%29.2%16.4%9.5%15.4%25.6%38.3%39.3%51.9%-
Value Creation
Index ⓘ
1.52.11.60.5-0.20.41.32.42.53.6-

Growth Parameters ⓘ

Sales ⓘ2,3632,5562,8092,7652,4203,0783,7334,1894,4465,0905,317
Sales YoY Gr.-8.2%9.9%-1.6%-12.5%27.2%21.3%12.2%6.1%14.5%-
Adj EPS ⓘ204.1274.2294.3253.5133242.9380.7522.5428.8503.4512.8
YoY Gr.-34.4%7.3%-13.9%-47.5%82.6%56.7%37.3%-17.9%17.4%-
BVPS (₹) ⓘ1,088.71,364.11,650.71,841.81,9722,209.31,729.11,905.81,638.41,568.91,776.5
Adj Net
Profit ⓘ
230309332286150274429589483567578
Cash Flow from Ops. ⓘ36529.4267218312334425643355514-
Debt/CF from Ops. ⓘ00.30.10000000-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ8.9%16%10.9%14.5%
Adj EPS ⓘ10.6%30.5%9.8%17.4%
BVPSⓘ4.1%-4.5%-3.2%-4.2%
Share Price 10% 6.2% 2.9% 16.4%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
20.822.419.514.5711.619.328.824.231.430.7
Op. Profit
Mgn % ⓘ
15.618.818.515.79.912.815.518.117.52018.5
Net Profit
Mgn % ⓘ
9.712.111.810.36.28.911.514.110.911.110.9
Debt to
Equity ⓘ
0000000000-
Working Cap
Days ⓘ
11613514215217714112812712912278
Cash Conv.
Cycle ⓘ
3845617069393016283843

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!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2,3632,5562,8092,7652,4203,0783,7334,1894,4465,090
Operating Expenses ⓘ + 1,9942,0762,3012,4252,1832,6963,1743,4383,6764,104
Manufacturing Costs64658873617997142156182
Material Costs1,3181,3311,4871,6121,4941,9142,3402,5072,6492,933
Employee Cost 280324301298337349366392438482
Other Costs ⓘ 333356425443290354371397433507
Operating Profit ⓘ 369480508340238382560752770986
Operating Profit Margin (%) 15.6%18.8%18.1%12.3%9.8%12.4%15.0%17.9%17.3%19.4%
Other Income ⓘ + 49443342273564867049
Exceptional Items ⓘ 000000000-34
Interest ⓘ 221424731144
Depreciation ⓘ 47424257605356535563
Profit Before Tax ⓘ 369480497320202360561781773894
Tax ⓘ 1281691741015394145198297372
Profit After Tax 241311323219149266416583476522
PAT Margin (%) 10.2%12.2%11.5%7.9%6.2%8.7%11.2%13.9%10.7%10.3%
Adjusted EPS (₹)213.7275.7286.7194.4132.5236.3369.4517.9422.4463.5
Dividend Payout Ratio (%)0%0%0%0%0%0%257.20%132.30%126.70%109.20%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,2261,5371,8602,0752,2222,4891,9482,1471,8471,768
Share Capital ⓘ 11.2711.2711.2711.2711.2711.2711.2711.2711.2711.27
Reserves ⓘ 1,2151,5251,8482,0632,2102,4781,9372,1361,8351,757
Debt +5570000000
Long Term Debt5570000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables400321323290468502712824756820
Others Liabilities ⓘ 293262280271201239233250392526
Total Liabilities ⓘ 1,9242,1242,4702,6372,8913,2302,8923,2202,9953,115

Fixed Assets

Net Fixed Assets ⓘ +315285269287248291322332417485
Gross Block408412433473461543584655761879
Accumulated Depreciation93127164186212252261323344395
CWIP ⓘ 26107232325121014
Investments ⓘ 00585505505505505000
Inventories332347379411430453568532648823
Trade Receivables408530546507461489595703790839
Cash Equivalents flag ⓘ 7447894706669371,2076341,358937818
Others Assets ⓘ 122167210255287263243283192137
Total Assets ⓘ 1,9242,1242,4702,6372,8913,2302,8923,2202,9953,115
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 36529267218312334425643355514
PBT ⓘ 369480497320202360561781773894
Adjustment ⓘ 101017119462319-18-158
Changes in Working Capital ⓘ 108-266-47-9714252-381-210-149
Tax Paid ⓘ -121-194-199-124-79-101-152-202-207-290
Cash Flow From Investing Activity ⓘ + 1218-5901-16-43-20-269322-11
Capex -14-15-38-20-38-68-60-31-55-57
Net Investments 0000000-3083080
Others ⓘ 2633-55221222540696946
Cash Flow From Financing Activity ⓘ + -4-24-24-25-21-980-128-789-623
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 0000000000
Interest Paid ⓘ -2-2-00000000
Dividend Paid ⓘ 000000-955-113-772-603
Others ⓘ -1-04-24-25-21-24-15-17-20
Net Cash Flow ⓘ 37345-319195271269-575246-112-121
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)21.7422.4819.0211.136.9511.318.7628.523.8428.9
ROCE (%)33.2434.6229.1616.419.5415.4325.638.3139.2951.87
Asset Turnover Ratio1.471.271.221.080.881.011.221.371.431.67
PAT to CFO Conversion(x)1.510.090.8312.091.261.021.10.750.98
Working Capital Days
Receivable Days53.8066.3069.9069.5072.9056.305356.6061.3058.40
Inventory Days46.304847.2052.2063.4052.4049.9047.9048.4052.80
Payable Days86.6098.8079.1069.5092.6092.5094.70111.80108.8098.10

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Announcements

3M India Ltd FAQs

The current trading price of 3M India on 25-Sep-2026 16:59 is ₹33,942.4.

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 24-Sep-2026 the market cap of 3M India stood at ₹38,236.3 Cr

The latest P/E ratio of 3M India as of 24-Sep-2026 is 66.19.

The latest P/B ratio of 3M India as of 24-Sep-2026 is 19.11.

The 52-week high of 3M India is ₹38,300 and the 52-week low is ₹28,747.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of 3M India is ₹5,317 ( 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 Fair 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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