3M India Ltd

3M India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

3M India Ltd

₹ 29,145 -0.29%
13 Jun - close price
3m.com/in BSE: 523395 NSE: 3MINDIA
About

3M India is a subsidiary of 3M Company, USA. The Company manages its operations in four operating segments: Safety & Industrial , Transportation & Electronics, Health Care and Consumer. In India, the Company has manufacturing facilities at Ahmedabad, Bangalore, Pune and has a R&D Center in Bangalore.(Source : 202003 Annual Report Page No:137)

Key Points

History of the company
3M was incorporated in 1902 in the USA as a Mining company and now 3M is one of the world’s leading conglomerates with a presence in 70+ countries. 3M ventured into India as a part of their expansion strategy. Birla 3M India was incorporated in 1986 as a Joint venture between the 3M group and the Birla group and later Y. Birla sold his stake and eventually the name of the company was changed to 3M India in 2002. [1] [2]

Website BSE NSE
  • Market Cap ₹ 32,834 Cr.
  • Current Price ₹ 29,145
  • High / Low ₹ 41,000 / 25,714
  • Stock P/E 69.0
  • Book Value ₹ 1,639
  • Dividend Yield 0.55 %
  • ROCE 37.0 %
  • ROE 22.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 17.8 times its book value
  • The company has delivered a poor sales growth of 9.96% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Diversified Diversified Diversified Diversified

Part of BSE 500 BSE 200 Nifty 500 BSE MidCap Nifty MNC

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
849 890 925 932 986 977 1,040 1,006 1,033 995 1,111 1,090 1,198
700 779 810 778 807 819 847 827 831 801 927 936 971
Operating Profit 149 111 115 154 180 158 192 179 202 194 183 154 227
OPM % 18% 12% 12% 17% 18% 16% 18% 18% 20% 20% 16% 14% 19%
9 11 34 11 8 13 17 17 27 18 18 17 14
Interest 2 1 0 1 6 1 1 1 1 3 4 3 1
Depreciation 13 14 14 14 14 14 13 13 13 13 14 14 14
Profit before tax 143 108 134 151 168 157 196 181 215 197 183 154 225
Tax % 26% 26% 26% 25% 27% 25% 25% 25% 25% 26% 27% 26% 68%
106 80 100 113 123 117 146 135 161 146 134 114 71
EPS in Rs 93.73 71.24 88.65 100.11 109.43 103.57 129.70 120.05 143.13 130.03 118.76 100.99 63.35
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,742 1,840 2,140 2,363 2,556 2,809 2,765 2,420 3,078 3,733 3,927 4,446
1,630 1,636 1,803 1,994 2,076 2,301 2,425 2,183 2,696 3,174 3,221 3,676
Operating Profit 112 204 337 369 480 508 340 238 382 560 706 770
OPM % 6% 11% 16% 16% 19% 18% 12% 10% 12% 15% 18% 17%
19 14 18 49 44 33 42 27 35 64 67 70
Interest 15 4 2 2 2 1 4 2 4 7 3 11
Depreciation 48 50 49 47 42 42 57 60 53 56 52 55
Profit before tax 69 165 303 369 480 497 320 202 360 561 718 773
Tax % 38% 34% 36% 35% 35% 35% 32% 26% 26% 26% 25% 38%
43 108 195 241 311 323 219 149 266 416 536 476
EPS in Rs 38.16 96.17 172.89 213.72 275.67 286.72 194.38 132.53 236.29 369.41 476.05 422.61
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 257% 144% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 10%
3 Years: 13%
TTM: 13%
Compounded Profit Growth
10 Years: 16%
5 Years: 17%
3 Years: 22%
TTM: -11%
Stock Price CAGR
10 Years: 13%
5 Years: 11%
3 Years: 14%
1 Year: -21%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 22%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 688 796 977 1,215 1,525 1,848 2,064 2,210 2,478 1,937 2,359 1,835
121 14 11 10 9 14 42 23 24 27 18 8
267 306 430 695 589 621 537 672 744 940 1,010 1,160
Total Liabilities 1,088 1,128 1,429 1,932 2,135 2,494 2,653 2,917 3,257 2,914 3,399 3,015
418 388 349 315 285 269 287 248 291 322 318 417
CWIP 7 1 1 2 6 10 7 24 23 25 12 10
Investments 0 0 0 0 0 585 505 505 505 505 505 0
662 739 1,078 1,614 1,844 1,629 1,855 2,140 2,439 2,063 2,564 2,588
Total Assets 1,088 1,128 1,429 1,932 2,135 2,494 2,653 2,917 3,257 2,914 3,399 3,015

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
120 177 261 365 29 267 218 312 334 425 583 355
-47 -4 1 12 18 -590 1 -16 -43 -20 -229 322
-73 -119 -5 -4 -2 4 -24 -25 -21 -980 -128 -789
Net Cash Flow 0 54 257 373 45 -319 195 271 269 -575 227 -112

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 56 49 54 63 76 71 67 69 58 58 63 65
Inventory Days 89 101 89 92 95 93 93 105 86 89 77 89
Days Payable 44 53 69 111 88 79 66 114 96 111 119 104
Cash Conversion Cycle 100 97 74 44 83 85 94 60 49 36 21 50
Working Capital Days 64 57 39 16 54 54 68 56 38 32 24 38
ROCE % 10% 21% 34% 33% 35% 29% 16% 9% 15% 25% 33% 37%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
4.13% 4.26% 4.40% 3.72% 3.64% 3.56% 3.56% 3.64% 3.77% 4.07% 4.01% 3.78%
6.37% 6.90% 6.90% 7.93% 8.34% 8.45% 8.52% 8.44% 8.27% 8.13% 8.16% 8.08%
14.50% 13.83% 13.70% 13.35% 13.02% 12.98% 12.92% 12.92% 12.95% 12.80% 12.84% 13.13%
No. of Shareholders 38,28237,21937,54129,88428,05428,07727,61029,19829,24330,04532,14734,425

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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