3M India Ltd
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)
- Market Cap ₹ 39,450 Cr.
- Current Price ₹ 35,065
- High / Low ₹ 38,300 / 28,730
- Stock P/E 64.5
- Book Value ₹ 1,906
- Dividend Yield 0.45 %
- ROCE 40.5 %
- ROE 30.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 123%
- Company's working capital requirements have reduced from 30.7 days to 21.9 days
Cons
- Stock is trading at 18.4 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
Diversified Diversified Diversified Diversified
Part of BSE 500 Nifty 500 Nifty MNC Nifty500 Shariah BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 2,710 | 3,017 | 2,987 | 2,605 | 3,336 | 3,959 | 4,189 | 4,186 | |
| 2,211 | 2,481 | 2,537 | 2,345 | 2,947 | 3,355 | 3,430 | 3,396 | |
| Operating Profit | 499 | 536 | 450 | 259 | 389 | 604 | 759 | 791 |
| OPM % | 18% | 18% | 15% | 10% | 12% | 15% | 18% | 19% |
| 55 | 60 | 46 | 25 | 37 | 68 | 78 | 86 | |
| Interest | 2 | 1 | 4 | 2 | 4 | 7 | 3 | 5 |
| Depreciation | 44 | 44 | 59 | 62 | 55 | 58 | 53 | 53 |
| Profit before tax | 508 | 551 | 433 | 220 | 368 | 607 | 781 | 819 |
| Tax % | 34% | 33% | 26% | 26% | 26% | 26% | 25% | |
| 333 | 366 | 322 | 162 | 272 | 451 | 583 | 611 | |
| EPS in Rs | 295.91 | 325.06 | 285.99 | 144.14 | 241.43 | 400.37 | 517.90 | 542.69 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 237% | 132% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 17% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 53% |
| TTM: | 23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 8% |
| 3 Years: | 8% |
| 1 Year: | 12% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 22% |
| Last Year: | 30% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 1,055 | 1,422 | 1,740 | 1,899 | 2,172 | 1,666 | 2,136 |
| 10 | 14 | 42 | 23 | 25 | 27 | 18 | |
| 1,234 | 672 | 578 | 718 | 798 | 1,010 | 1,083 | |
| Total Liabilities | 2,311 | 2,118 | 2,371 | 2,652 | 3,006 | 2,714 | 3,248 |
| 303 | 286 | 306 | 266 | 307 | 338 | 332 | |
| CWIP | 6 | 12 | 7 | 24 | 23 | 25 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2,001 | 1,820 | 2,058 | 2,362 | 2,676 | 2,352 | 2,903 | |
| Total Assets | 2,311 | 2,118 | 2,371 | 2,652 | 3,006 | 2,714 | 3,248 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| 36 | 253 | 245 | 321 | 327 | 465 | 643 | |
| 25 | -553 | 3 | -14 | -41 | -15 | -269 | |
| -2 | 3 | -25 | -25 | -21 | -980 | -128 | |
| Net Cash Flow | 59 | -297 | 223 | 282 | 265 | -530 | 246 |
| Free Cash Flow | 19 | 212 | 224 | 282 | 259 | 406 | 612 |
| CFO/OP | 50% | 88% | 84% | 156% | 110% | 104% | 111% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 77 | 71 | 65 | 68 | 58 | 59 | 61 |
| Inventory Days | 96 | 94 | 92 | 104 | 85 | 91 | 77 |
| Days Payable | 93 | 81 | 66 | 114 | 94 | 113 | 120 |
| Cash Conversion Cycle | 79 | 84 | 92 | 58 | 49 | 36 | 19 |
| Working Capital Days | -26 | 54 | 63 | 54 | 38 | 32 | 22 |
| ROCE % | 44% | 27% | 12% | 18% | 31% | 41% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Permanent employees count ・Standalone data |
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| R&D expenditure INR lakhs ・Standalone data |
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| Consumer segment revenue mix % of total revenue |
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| Health Care segment revenue mix % of total revenue |
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| Safety & Industrial segment revenue mix % of total revenue |
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| Transportation & Electronics segment revenue mix % of total revenue |
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| Customer Technical Center visitors count ・Standalone data |
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| Patents filed in India count ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Communication To Shareholders - Intimation On Tax Deduction On Dividend
2d - 3M India explains TDS on ₹160 final and ₹346 special dividend; record date corrected to July 17, 2026.
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Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended June 30, 2026 And For Other Matters
17 Jul - Board meets on August 14, 2026 to approve Q1 FY27 unaudited results; trading window closed July 1-August 16.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Jul - 3M India filed Regulation 74(5) compliance certificate for quarter ended June 30, 2026.
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Board Meeting Outcome for Sale Of Land And Building - Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
26 Jun - 3M India approved sale of Pune land and building for ₹82 crore; completion expected June 29, 2026.
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Sale Of Land And Building - Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
26 Jun - 3M India to sell 4.13 acres and building in Pune for ₹82 crore; no business impact.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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May 2026TranscriptAI SummaryPPT
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Mar 2026TranscriptAI SummaryPPT
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Jul 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Jun 2023TranscriptAI SummaryPPT
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Jun 2023TranscriptAI SummaryPPT
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Jun 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptPPT
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Jun 2021TranscriptPPT
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Mar 2021TranscriptPPT
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Aug 2020TranscriptPPT
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Mar 2020TranscriptPPT
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Aug 2019TranscriptPPT
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]