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3M India

₹28650.1 -61.9 | 0.2%

Market Cap ₹32274 Cr.

Stock P/E 59.1

P/B 16.3

Current Price ₹28650.1

Book Value ₹ 1753.7

Face Value 10

52W High ₹39809.7

Dividend Yield 3.32%

52W Low ₹ 23001

3M India Research see more...

Overview Inc. Year: 1987Industry: Diversified

3M India Ltd is a various technology and science company. Its Safety & Industrial section offers products, consisting of vinyl, polyester, foil and distinctiveness business tapes and adhesives. Its Health Care segment gives clinical and surgical substances, medical gadgets, skin and wound care and contamination prevention products and solutions, drug shipping systems, dental and orthodontic merchandise and meals protection merchandise. Its Transportation & Electronics segment offers private safety merchandise, brand and asset safety solutions, border control products, passive fireplace protection merchandise for industries and industrial establishments, track and trace merchandise, cleaning and hygiene merchandise for the hospitality industry. Its Consumer section gives Scotch brand, addressing the house and workplace tapes, adhesives, packaging protection systems, Post-it brand with a product variety of note pads, dispensers, flagging solution, labels and Scotchguard emblem addressing the stain safety marketplace.

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3M India Share Price

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Peer Comparison

3M India Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 840 826 926 944 977 993 1046 1050 1040 1006
Other Income 8 8 9 11 35 12 10 15 17 17
Total Income 849 834 935 955 1011 1005 1056 1065 1057 1022
Total Expenditure 748 731 768 827 854 822 852 877 847 827
Operating Profit 101 103 167 128 158 183 204 188 210 195
Interest 1 0 2 1 0 1 6 1 1 1
Depreciation 13 14 13 14 15 15 14 14 13 13
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 87 89 151 113 143 167 184 173 196 181
Provision for Tax 22 22 40 29 36 43 49 44 50 46
Profit After Tax 64 67 111 84 106 125 136 129 146 135
Adjustments 0 -0 0 0 0 0 -0 0 0 -0
Profit After Adjustments 64 67 111 84 106 125 136 129 146 135
Adjusted Earnings Per Share 57 59.2 98.5 74.8 94.3 110.8 120.5 114.7 129.7 120.1

3M India Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 2710 3017 2987 2605 3336 3959 4142
Other Income 45 37 46 25 37 68 59
Total Income 2755 3054 3032 2630 3373 4027 4200
Total Expenditure 2211 2481 2537 2345 2947 3355 3403
Operating Profit 543 572 496 284 426 672 797
Interest 2 1 4 2 4 7 9
Depreciation 44 44 59 62 55 58 54
Exceptional Income / Expenses 0 0 0 0 0 0 0
Profit Before Tax 498 528 433 220 368 607 734
Provision for Tax 175 184 110 58 96 156 189
Profit After Tax 323 343 322 162 272 451 546
Adjustments 10 23 0 0 0 0 0
Profit After Adjustments 333 366 322 162 272 451 546
Adjusted Earnings Per Share 295.9 325.1 286 144.1 241.4 400.4 485

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 19% 10% 8% 0%
Operating Profit CAGR 58% 11% 4% 0%
PAT CAGR 66% 12% 7% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 21% 5% 5% 22%
ROE Average 23% 15% 19% 21%
ROCE Average 32% 21% 26% 30%

3M India Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 1067 1433 1751 1910 2184 1677
Minority's Interest 0 0 0 0 0 0
Borrowings 5 8 0 0 0 0
Other Non-Current Liabilities 5 -2 27 22 29 29
Total Current Liabilities 1215 649 571 689 760 980
Total Liabilities 2292 2088 2349 2621 2973 2687
Fixed Assets 303 286 306 266 307 338
Other Non-Current Assets 112 145 174 217 229 222
Total Current Assets 1870 1657 1869 2138 2437 2127
Total Assets 2292 2088 2349 2621 2973 2687

3M India Cash Flow

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 795 855 557 781 1062 1328
Cash Flow from Operating Activities 36 253 245 321 327 465
Cash Flow from Investing Activities 25 -553 3 -14 -41 -15
Cash Flow from Financing Activities -2 3 -25 -25 -21 -980
Net Cash Inflow / Outflow 59 -297 223 282 265 -530
Closing Cash & Cash Equivalent 855 557 781 1062 1328 798

3M India Ratios

# Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 295.91 325.06 285.99 144.14 241.43 400.37
CEPS(Rs) 325.61 343.45 338.66 199.04 290.36 451.57
DPS(Rs) 0 0 0 0 0 950
Book NAV/Share(Rs) 946.92 1271.92 1554.25 1695.79 1938.35 1489.09
Core EBITDA Margin(%) 18.24 17.75 15.06 9.96 11.67 15.26
EBIT Margin(%) 18.28 17.52 14.61 8.54 11.13 15.53
Pre Tax Margin(%) 18.21 17.49 14.48 8.44 11.02 15.34
PAT Margin (%) 11.82 11.37 10.79 6.23 8.15 11.39
Cash Profit Margin (%) 13.42 12.82 12.77 8.61 9.81 12.85
ROA(%) 14.11 15.67 14.52 6.53 9.72 15.94
ROE(%) 30.31 27.46 20.24 8.87 13.29 23.36
ROCE(%) 46.42 41.9 27.29 12.15 18.14 31.84
Receivable days 75.84 69.85 68.49 71.66 55.6 53.6
Inventory Days 49.06 47.11 51.94 62.72 51.76 50.72
Payable days 92.77 81.25 70.29 92.82 90.68 96.65
PER(x) 65.5 74.04 66.14 209.78 81.46 57.47
Price/Book(x) 20.47 18.92 12.17 17.83 10.15 15.45
Dividend Yield(%) 0 0 0 0 0 4.13
EV/Net Sales(x) 7.75 8.81 6.87 12.67 6.24 6.34
EV/Core EBITDA(x) 38.63 46.42 41.42 116.11 48.85 37.36
Net Sales Growth(%) 0 11.33 -1 -12.78 28.06 18.69
EBIT Growth(%) 0 5.75 -17.48 -49.02 66.94 65.58
PAT Growth(%) 0 6.14 -6.11 -49.6 67.49 65.83
EPS Growth(%) 0 9.85 -12.02 -49.6 67.49 65.83
Debt/Equity(x) 0.01 0.01 0 0 0 0
Current Ratio(x) 1.54 2.55 3.27 3.1 3.2 2.17
Quick Ratio(x) 1.24 1.92 2.5 2.44 2.56 1.55
Interest Cover(x) 246.35 470.93 119.12 90.61 99.78 84.55
Total Debt/Mcap(x) 0 0 0 0 0 0

3M India Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 75 75 75 75 75 75 75 75 75 75
FII 4.38 4.25 4.13 4.26 4.4 3.72 3.64 3.57 3.56 3.64
DII 7.01 6.54 6.37 6.9 6.9 7.92 8.34 8.45 8.51 8.43
Public 13.61 14.21 14.5 13.84 13.7 13.35 13.02 12.98 12.93 12.92
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Debtor days have increased from 90.68 to 96.65days.
  • Stock is trading at 16.3 times its book value.
  • The company has delivered a poor profit growth of 6% over past five years.

* 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.

3M India News

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Companies Open Date Close Date Issue Price Cost of 1 Lot GMP Expected Listing Listing Gain(%) Listing Price Current Price Type Exchange

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Companies Open Date Close Date Issue Price Cost of 1 Lot GMP Expected Listing Listing Gain(%) Listing Price Current Price Type Exchange

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Companies Open Date Close Date Issue Price Cost of 1 Lot GMP Expected Listing Listing Gain(%) Listing Price Current Price Type Exchange

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