3M India Ltd

About [ edit ]

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 27,822 Cr.
  • Current Price 24,731
  • High / Low 31,000 / 16,745
  • Stock P/E 183
  • Book Value 1,581
  • Dividend Yield 0.00 %
  • ROCE 26.9 %
  • ROE 20.2 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 15.64 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
720 746 736 792 743 804 764 745 673 346 690 741
564 588 634 624 640 656 634 648 597 395 577 650
Operating Profit 156 158 102 167 103 148 130 98 76 -48 113 92
OPM % 22% 21% 14% 21% 14% 18% 17% 13% 11% -14% 16% 12%
Other Income 9 33 17 13 2 6 11 14 12 6 6 6
Interest 1 0 0 0 1 1 1 1 1 1 0 1
Depreciation 11 11 11 11 11 15 14 15 16 15 17 16
Profit before tax 153 180 108 169 94 139 126 96 72 -58 102 81
Tax % 36% 30% 35% 35% 36% 35% 20% 25% 16% 26% 27% 26%
Net Profit 98 125 70 110 60 90 100 72 60 -43 75 59
EPS in Rs 86.70 111.30 62.40 97.82 53.55 80.01 88.78 63.84 53.36 -37.74 66.61 52.72

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 TTM
2,710 3,017 2,987 2,451
2,211 2,481 2,537 2,218
Operating Profit 499 536 450 233
OPM % 18% 18% 15% 10%
Other Income 55 60 46 30
Interest 2 1 4 3
Depreciation 44 44 59 63
Profit before tax 508 551 433 197
Tax % 34% 33% 26%
Net Profit 333 366 322 152
EPS in Rs 295.91 325.06 285.99 134.95
Dividend Payout % -0% -0% -0%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-20%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-53%
Stock Price CAGR
10 Years:20%
5 Years:13%
3 Years:6%
1 Year:31%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Sep 2020
11 11 11 11
Reserves 1,055 1,422 1,740 1,770
Borrowings 10 14 42 31
1,234 672 578 529
Total Liabilities 2,311 2,118 2,371 2,341
303 286 306 284
CWIP 6 12 7 5
Investments -0 -0 -0 -0
2,001 1,820 2,058 2,052
Total Assets 2,311 2,118 2,371 2,341

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020
36 253 245
25 -553 3
-2 3 -25
Net Cash Flow 59 -297 223

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020
ROCE % 44% 27%
Debtor Days 77 71 65
Inventory Turnover 4.16 4.13

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
9.00 8.62 8.32 8.29 8.26 6.79 5.19 4.85 3.32 3.59 4.28 3.76
2.00 1.93 2.23 2.22 2.15 3.17 4.11 4.42 6.97 7.08 6.78 7.64
14.00 14.45 14.45 14.49 14.59 15.04 15.70 15.73 14.71 14.33 13.94 13.60

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