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3M India Ltd

3MINDIA NSE

Key Fundamentals

MidcapDiversified GroupDiversified
Market Cap
₹40,684 Cr
Volatility
Moderate
P/E Ratio
78
EBITDA
₹837 Cr
Return on Equity
27.17%
Debt to Equity
0.1
Book Value
₹1,568.9
EPS
₹542.46
52W High
₹38,030
52W Low
₹28,730

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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33 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.4%
  • Company has been maintaining a healthy dividend payout of 123%

Weaknesses

1
  • Stock is trading at 22.8 times its book value

Growth Rate

Revenue Growth
5.96% ↗
Net Income Growth
29.36% ↗
Cash Flow Change
38.14% ↗
ROE
1.04% ↗
ROCE
1.10% ↗
EBITDA Margin (Avg.)
17.49% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 10h ago
AI opinion · based on fundamentals
Risk medium

3M India Ltd operates as a diversified conglomerate with a market cap of ₹40,684 Cr, trading at a PE of 77.4x and PB of 22.87x. The company has delivered a 3-year ROE of 27% and compounded sales growth of 11% over 3 years, while maintaining a dividend payout ratio of 123%.

Bull Case 8
  • Strong return on equity track record with 3-year ROE of 27% and last year ROE of 30%, indicating efficient capital deployment
  • Consistent sales growth with 10-year compounded sales CAGR of 9%, 5-year CAGR of 16%, and TTM growth of 14%
  • Exceptional dividend payout ratio of 123%, returning significant capital to shareholders
  • Compounded profit growth of 30% over 5 years demonstrates strong earnings expansion
  • Debt-free balance sheet structure (no reported debt-to-equity ratio) provides financial resilience
  • Backing of global 3M parent company provides access to technology, R&D, and diversified product portfolio across multiple segments
  • Improving profitability trend with ROE rising from 19% (10-year average) to 30% in the last year
  • TTM profit growth of 14% shows continued earnings momentum in the most recent period
Bear Case 8
  • Stock trades at 77.4x PE, significantly above broader market averages, leaving little margin of safety
  • Price-to-book ratio of 22.87x is extremely elevated, indicating the stock is priced far above its asset base
  • Stock CAGR of only 8% over 3 and 5 years suggests muted price returns relative to the rich valuation
  • 10-year compounded profit growth of only 11% appears modest for a stock commanding a 77x PE multiple
  • Dividend yield of just 1.41% despite 123% payout ratio implies limited income return at current price levels
  • 3-year compounded profit growth of only 9% shows deceleration compared to the 5-year CAGR of 30%
  • As a subsidiary of a global MNC, strategic decisions are controlled by the parent, limiting minority shareholder influence
  • 10-year stock CAGR of 10% lags the broader Indian market indices over the same period despite premium valuation

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 4h ago
Positives 1
  • ₹506 dividend and auditor switch Aug 4

    3M India declares total FY26 dividend of ₹506 per share at upcoming AGM, alongside appointment of Price Waterhouse & Co as statutory auditors and Kavita Nair as independent director.

Neutral 2
  • FY26 BRSR filed with SEBI Aug 4

    3M India submitted its Business Responsibility and Sustainability Report for FY26, highlighting a 15.4% drop in energy intensity and 100% EPR compliance.

  • Dividend record date corrected Jul 21

    3M India corrected the record date for dividend payment to July 17, 2026, and detailed applicable tax deduction rules for shareholders.

TL;DR: 3M India is rewarding shareholders with a substantial ₹506 per share dividend and demonstrating strong ESG discipline with improved energy intensity and full EPR compliance. No material headwinds are visible in recent news. The auditor transition to PwC and new independent director appointment signal governance refresh. The near-term outlook appears stable with no negative catalysts on the horizon.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
986
977
1,040
1,006
1,033
1,047
1,111
1,090
1,198
1,196
1,266
1,228
1,399
Expenses
807
819
847
827
831
841
927
936
971
954
1,011
997
1,142
Operating Profit
180
158
192
179
202
205
183
154
227
242
256
231
257
OPM %
18%
16%
18%
18%
20%
20%
16%
14%
19%
20%
20%
19%
18%
Other Income
8
13
17
17
27
22
18
17
14
15
12
-65
52
Interest
6
1
1
1
1
3
4
3
1
2
2
35
4
Depreciation
14
14
13
13
13
14
14
14
14
15
15
16
17
PBT
168
157
196
181
215
211
183
154
225
239
251
115
289
Tax %
27%
25%
25%
25%
25%
26%
27%
26%
68%
26%
24%
154%
26%
Net Profit
123
117
146
135
161
157
134
114
71
178
191
-62
215
EPS in Rs
109
104
130
120
143
140
119
101
63.35
158
170
-55.08
191
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
1,840
2,140
2,363
2,556
2,809
2,765
2,420
3,078
3,733
4,189
4,446
5,090
Expenses
1,636
1,803
1,994
2,076
2,301
2,425
2,183
2,696
3,174
3,430
3,676
4,104
Operating Profit
204
337
369
480
508
340
238
382
560
759
770
986
OPM %
11%
16%
16%
19%
18%
12%
10%
12%
15%
18%
17%
19%
Other Income
14
18
49
44
33
42
27
35
64
78
70
14
Interest
4
2
2
2
1
4
2
4
7
3
11
44
Depreciation
50
49
47
42
42
57
60
53
56
53
55
63
PBT
165
303
369
480
497
320
202
360
561
781
773
894
Tax %
34%
36%
35%
35%
35%
32%
26%
26%
26%
25%
38%
42%
Net Profit
108
195
241
311
323
219
149
266
416
583
476
522
EPS in Rs
96.17
173
214
276
287
194
133
236
369
518
423
464
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
257%
132%
127%
109%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
11
11
11
11
11
11
11
11
11
11
11
11
Reserves
796
977
1,215
1,525
1,848
2,064
2,210
2,478
1,937
2,136
1,835
1,757
Borrowings
14
11
10
9
14
42
23
24
27
18
100
170
Other Liabilities
306
430
695
589
621
537
672
744
940
1,083
1,069
1,199
Total Liabilities
1,128
1,429
1,932
2,135
2,494
2,653
2,917
3,257
2,914
3,248
3,015
3,137
Fixed Assets
388
349
315
285
269
287
248
291
322
332
417
485
CWIP
1
1
2
6
10
7
24
23
25
12
10
14
Investments
0
0
0
0
585
505
505
505
505
0
0
0
Other Assets
739
1,078
1,614
1,844
1,629
1,855
2,140
2,439
2,063
2,903
2,588
2,639
Total Assets
1,128
1,429
1,932
2,135
2,494
2,653
2,917
3,257
2,914
3,248
3,015
3,137
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
177
261
365
29
267
218
312
334
425
643
355
514
Investing
-4
1
12
18
-590
1
-16
-43
-20
-269
322
-11
Financing
-119
-5
-4
-2
4
-24
-25
-21
-980
-128
-789
-623
Net Cash Flow
54
257
373
45
-319
195
271
269
-575
246
-112
-121
Free Cash Flow
172
250
351
15
229
199
274
266
365
612
300
457
CFO/OP
113
114
132
47
92
101
164
114
103
111
73
82
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
49
54
63
76
71
67
69
58
58
61
65
60
Inventory Days
101
89
92
95
93
93
105
86
89
77
89
102
Days Payable
53
69
111
88
79
66
114
96
111
120
104
102
Cash Conversion Cycle
97
74
44
83
85
94
60
49
36
19
50
60
Working Capital Days
57
39
16
54
54
65
54
36
31
22
38
40
ROCE %
21%
34%
33%
35%
29%
16%
9%
15%
25%
38%
38%
50%

Shareholding Pattern

As of Jun 2026
Promoters 75.00%
Public 9.76%
DIIs 8.16%
Others 3.57%
FIIs 3.50%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3.64%
3.77%
4.07%
4.01%
3.78%
3.84%
3.43%
3.50%
3.52%
3.50%
DIIs
5.04%
5.04%
5.34%
5.51%
5.45%
5.30%
6.95%
6.94%
7.96%
8.37%
8.17%
8.23%
8.46%
8.30%
8.15%
8.15%
8.09%
8.11%
8.12%
8.39%
8.33%
8.16%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
9.94%
9.93%
10.09%
10.02%
10.56%
10.77%
10.00%
9.89%
9.67%
9.46%
9.41%
9.34%
9.33%
9.31%
9.21%
9.24%
9.48%
9.44%
9.76%
9.60%
9.57%
9.76%
Others
10.03%
10.03%
9.58%
9.46%
8.99%
8.93%
8.05%
8.17%
7.37%
7.18%
7.42%
7.42%
3.57%
3.63%
3.57%
3.60%
3.66%
3.61%
3.69%
3.51%
3.58%
3.57%
No. of Shareholders
0
28,823
31,887
35,087
34,661
37,232
38,282
37,219
29,884
28,054
28,077
27,610
29,198
29,243
30,045
32,147
34,425
34,588
34,539
30,577
29,808
30,673

Documents

1
Concall - Jun 2022 Jun 2022
2
Concall - Jun 2023 Jun 2023
3
Concall - May 2026 May 2026
4
Concall - May 2026 May 2026
5
Concall - Aug 2019 Aug 2019

Frequently Asked Questions about 3M India Ltd

What does 3M India Ltd do?
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 Bangal...
Where is 3M India Ltd (3MINDIA) listed?
3M India Ltd is listed on the Indian stock exchanges. It is listed on NSE: 3MINDIA and BSE: 523395. You can view its live share price, financials, and ratios on Tapetide.
Which sector does 3M India Ltd belong to?
3M India Ltd operates in the Diversified sector within the Diversified Group industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of 3M India Ltd?
3M India Ltd has a market capitalisation of approximately ₹40683.80 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of 3M India Ltd?
The Price-to-Earnings (PE) ratio of 3M India Ltd is 78.00. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of 3M India Ltd?
Over the past 52 weeks, 3M India Ltd has traded between a low of ₹28,730 and a high of ₹38,030. This range helps investors understand the stock's price volatility and recent trading levels.
Does 3M India Ltd pay dividends?
Yes, 3M India Ltd has a dividend yield of 1.41%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of 3M India Ltd?
3M India Ltd has a Return on Equity (ROE) of 27.17%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research 3M India Ltd on Tapetide?
On Tapetide, you can view 3M India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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)

Website 3m.com/in
CEO Mr. Ramesh Ramadurai
Employees 1,213
Listed 2004-08-13
Face Value ₹ 10
Issued Size 1,12,65,070

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