3M India Ltd

3M India is engaged in operations in five operating segments: Industrial, Health Care, Safety and Graphics, Consumer and Energy.(Source : 201903 Annual Report Page No: 145)

  • Market Cap: 20,623 Cr.
  • Current Price: 18,298
  • 52 weeks High / Low 25208.70 / 15685.60
  • Book Value: 1,842
  • Stock P/E: 94.18
  • Dividend Yield: 0.00 %
  • ROCE: 29.16 %
  • ROE: 19.02 %
  • Sales Growth (3Yrs): 9.49 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
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Pros:
Company is virtually debt free.
Cons:
Stock is trading at 9.94 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor growth of 10.02% over past five years.

Peer comparison Sector: Trading // Industry: Trading

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
664 567 646 679 701 683 736 689 742 702 694 627
565 475 519 529 546 588 579 591 601 583 601 639
Operating Profit 99 93 127 150 154 95 157 98 141 119 93 -11
OPM % 15% 16% 20% 22% 22% 14% 21% 14% 19% 17% 13% -2%
Other Income 14 9 25 8 9 15 10 2 6 10 13 11
Interest 0 0 0 1 0 0 0 1 1 1 1 1
Depreciation 11 10 10 10 10 11 10 10 14 13 14 15
Profit before tax 101 92 141 146 153 99 156 89 131 115 91 -16
Tax % 35% 35% 35% 36% 35% 35% 35% 35% 35% 20% 25% -60%
Net Profit 66 60 92 93 100 64 101 58 85 92 68 -26
EPS in Rs 58.66 52.99 81.41 82.60 88.42 56.67 90.00 51.62 75.37 81.80 60.14 -22.93
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Dec 2007 Dec 2008 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
608 742 1,087 1,191 1,405 1,574 1,742 1,840 2,140 2,363 2,556 2,809 2,765
504 654 948 1,035 1,283 1,463 1,630 1,636 1,803 1,994 2,076 2,301 2,424
Operating Profit 105 88 138 156 122 112 112 204 337 369 480 508 341
OPM % 17% 12% 13% 13% 9% 7% 6% 11% 16% 16% 19% 18% 12%
Other Income 8 11 20 11 5 10 19 14 18 49 44 33 40
Interest 0 0 1 2 4 10 15 4 2 2 2 1 4
Depreciation 6 7 17 17 27 36 48 50 49 47 42 42 57
Profit before tax 107 91 141 148 96 75 69 165 303 369 480 497 320
Tax % 37% 37% 34% 33% 33% 30% 38% 34% 36% 35% 35% 35%
Net Profit 68 57 93 99 65 52 43 108 195 241 311 323 219
EPS in Rs 60.05 50.98 65.90 87.67 57.47 46.40 38.16 96.17 172.89 213.72 275.66 286.72 194.38
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:14.23%
5 Years:10.02%
3 Years:9.49%
TTM:-1.56%
Compounded Profit Growth
10 Years:19.01%
5 Years:49.41%
3 Years:18.34%
TTM:-32.21%
Stock Price CAGR
10 Years:22.05%
5 Years:15.48%
3 Years:9.77%
1 Year:-19.54%
Return on Equity
10 Years:17.79%
5 Years:20.18%
3 Years:20.88%
Last Year:19.02%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Dec 2007 Dec 2008 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
11 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 279 336 429 528 593 645 688 796 977 1,215 1,525 1,848 2,064
Borrowings 0 0 0 12 76 174 121 14 11 10 9 14 42
108 129 169 200 241 233 267 306 430 695 589 621 537
Total Liabilities 398 477 610 751 921 1,063 1,088 1,128 1,429 1,932 2,135 2,494 2,653
57 116 141 165 290 300 418 388 349 315 285 269 287
CWIP 41 27 40 94 21 121 7 1 1 2 6 10 7
Investments 0 0 0 0 0 0 0 0 0 0 0 585 505
301 334 429 492 611 642 662 739 1,078 1,614 1,844 1,629 1,855
Total Assets 398 477 610 751 921 1,063 1,088 1,128 1,429 1,932 2,135 2,494 2,653

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Dec 2007 Dec 2008 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
49 1 106 53 21 64 120 177 261 365 29 267
-53 -44 -52 -119 -71 -141 -47 -4 1 12 18 -590
-0 -0 -0 12 53 83 -73 -119 -5 -4 -2 4
Net Cash Flow -4 -44 53 -55 3 6 0 54 257 373 45 -319

Ratios Standalone Figures in Rs. Crores / View Consolidated

Dec 2007 Dec 2008 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 42% 28% 36% 30% 16% 11% 10% 21% 34% 33% 35% 29%
Debtor Days 50 53 49 60 61 62 56 49 54 63 76 71
Inventory Turnover 9.10 8.56 9.49 8.45 7.54 7.17 7.21 6.65 7.28 7.57 7.53 7.73