3M India Ltd

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

3M India Ltd

₹ 35,766 0.62%
16 Sep 3:27 p.m.
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 ₹ 40,308 Cr.
  • Current Price ₹ 35,766
  • High / Low ₹ 41,000 / 28,424
  • Stock P/E 71.2
  • Book Value ₹ 2,104
  • Dividend Yield 0.45 %
  • ROCE 33.0 %
  • ROE 24.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 134%
  • Company's working capital requirements have reduced from 31.2 days to 23.5 days

Cons

  • Stock is trading at 16.9 times its book value

* 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

Sector: Diversified Industry: Diversified - Large

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
689 777 764 849 890 925 932 986 977 975 942 1,033 995
644 684 665 700 779 810 778 807 819 797 775 831 801
Operating Profit 44 93 99 149 111 115 154 180 158 178 167 202 194
OPM % 6% 12% 13% 18% 12% 12% 17% 18% 16% 18% 18% 20% 20%
8 8 6 9 11 34 11 8 13 15 14 27 18
Interest 1 1 0 2 1 0 1 6 1 1 1 1 3
Depreciation 14 13 13 13 14 14 14 14 14 13 13 13 13
Profit before tax 38 87 91 143 108 134 151 168 157 180 167 215 197
Tax % 26% 26% 26% 26% 26% 26% 25% 27% 25% 25% 25% 25% 26%
28 65 68 106 80 100 113 123 117 134 125 161 146
EPS in Rs 24.82 57.59 60.13 93.73 71.24 88.65 100.11 109.43 103.57 118.77 110.58 143.13 130.03
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,574 1,742 1,840 2,140 2,363 2,556 2,809 2,765 2,420 3,078 3,733 3,927 3,945
1,463 1,630 1,636 1,803 1,994 2,076 2,301 2,425 2,183 2,696 3,174 3,221 3,204
Operating Profit 112 112 204 337 369 480 508 340 238 382 560 706 741
OPM % 7% 6% 11% 16% 16% 19% 18% 12% 10% 12% 15% 18% 19%
10 19 14 18 49 44 33 42 27 35 64 67 74
Interest 10 15 4 2 2 2 1 4 2 4 7 3 5
Depreciation 36 48 50 49 47 42 42 57 60 53 56 52 52
Profit before tax 75 69 165 303 369 480 497 320 202 360 561 718 758
Tax % 30% 38% 34% 36% 35% 35% 35% 32% 26% 26% 26% 25%
52 43 108 195 241 311 323 219 149 266 416 536 566
EPS in Rs 46.40 38.16 96.17 172.89 213.72 275.67 286.72 194.38 132.53 236.29 369.41 476.05 502.51
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 257% 144%
Compounded Sales Growth
10 Years: 8%
5 Years: 7%
3 Years: 18%
TTM: 3%
Compounded Profit Growth
10 Years: 29%
5 Years: 11%
3 Years: 53%
TTM: 25%
Stock Price CAGR
10 Years: 19%
5 Years: 13%
3 Years: 12%
1 Year: 17%
Return on Equity
10 Years: 17%
5 Years: 15%
3 Years: 18%
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 645 688 796 977 1,215 1,525 1,848 2,064 2,210 2,478 1,937 2,359
174 121 14 11 10 9 14 42 23 24 27 18
233 267 306 430 695 589 621 537 672 744 940 1,010
Total Liabilities 1,063 1,088 1,128 1,429 1,932 2,135 2,494 2,653 2,917 3,257 2,914 3,399
300 418 388 349 315 285 269 287 248 291 322 318
CWIP 121 7 1 1 2 6 10 7 24 23 25 12
Investments 0 0 0 0 0 0 585 505 505 505 505 505
642 662 739 1,078 1,614 1,844 1,629 1,855 2,140 2,439 2,063 2,564
Total Assets 1,063 1,088 1,128 1,429 1,932 2,135 2,494 2,653 2,917 3,257 2,914 3,399

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
64 120 177 261 365 29 267 218 312 334 425 583
-141 -47 -4 1 12 18 -590 1 -16 -43 -20 -229
83 -73 -119 -5 -4 -2 4 -24 -25 -21 -980 -128
Net Cash Flow 6 0 54 257 373 45 -319 195 271 269 -575 227

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 62 56 49 54 63 76 71 67 69 58 58 63
Inventory Days 87 89 101 89 92 95 93 93 105 86 89 77
Days Payable 49 44 53 69 111 88 79 66 114 96 111 119
Cash Conversion Cycle 99 100 97 74 44 83 85 94 60 49 36 21
Working Capital Days 75 64 57 39 16 54 54 68 56 38 32 24
ROCE % 11% 10% 21% 34% 33% 35% 29% 16% 9% 15% 25% 33%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
3.78% 4.38% 4.25% 4.13% 4.26% 4.40% 3.72% 3.64% 3.56% 3.56% 3.64% 3.77%
7.62% 7.01% 6.54% 6.37% 6.90% 6.90% 7.93% 8.34% 8.45% 8.52% 8.44% 8.27%
13.60% 13.61% 14.21% 14.50% 13.83% 13.70% 13.35% 13.02% 12.98% 12.92% 12.92% 12.95%
No. of Shareholders 35,08734,66137,23238,28237,21937,54129,88428,05428,07727,61029,19829,243

* 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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