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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹36043 Cr.
Stock P/E
75.7
P/B
20.4
Current Price
₹31995
Book Value
₹ 1569.6
Face Value
10
52W High
₹38300
52W Low
₹ 28300
Dividend Yield
1.58%

3M India Overview

Business

3M India Ltd. is a subsidiary of the global diversified technology company 3M Company (USA). It manufactures, markets, and sells a wide range of innovative products and solutions across various industries in India. Its core business model involves leveraging 3M's global research and development capabilities to offer specialized products for industrial, healthcare, safety, consumer, and electronics markets. The company makes money by selling these diverse products and solutions to a broad base of customers, including businesses, government entities, and individual consumers.

Revenue Mix

While specific revenue contributions can fluctuate, 3M India typically operates across segments aligned with its global parent's structure. These broadly include:

Safety & Industrial: Products for industrial adhesives and tapes, abrasives, sealants, personal safety, automotive aftermarket, and electrical products.

Transportation & Electronics: Solutions for automotive, aerospace, commercial graphics, and display materials.

Healthcare: Products for medical, dental, and health information systems.

Consumer: Consumer retail products like Scotch-Brite, Scotch Tapes, Post-it Notes, and consumer health care products.

Exact percentage contributions are not consistently reported publicly for 3M India alone.

Industry

3M India operates in a highly diversified industry landscape, competing across numerous niche markets within manufacturing, healthcare, consumer goods, and electronics. The industry structure varies significantly by segment, ranging from fragmented (e.g., some consumer products) to concentrated (e.g., specialized industrial materials). 3M India positions itself as a provider of innovative, high-quality, and reliable solutions, leveraging its parent company's global technological expertise and strong brand reputation. It competes with both multinational corporations and local players depending on the specific product category.

MOAT

Brand Recognition: The "3M" brand is globally recognized and associated with quality, innovation, and reliability, providing a significant trust factor.

R&D and Innovation: Extensive global research and development capabilities from its parent company allow 3M India to continuously introduce new, specialized, and often patented products and solutions.

Diversification: Its wide product portfolio across multiple industries provides resilience and reduces dependence on any single market or product category.

Global Scale and Expertise: Benefits from the global purchasing power, manufacturing best practices, and technological know-how of its parent company.

Established Distribution Network: A widespread and entrenched distribution network across India serves its diverse customer base.

Growth Drivers

India's Economic Growth: Sustained growth in India's industrial output, infrastructure development, and rising consumer spending will drive demand across its segments.

Innovation and Product Development: Introduction of new and customized products tailored for the Indian market, leveraging global R&D, will unlock new revenue streams.

Increased Penetration: Expanding reach into Tier 2/3 cities and underserved markets for both industrial and consumer products.

Focus on High-Growth Segments: Growing demand in sectors like healthcare (medical devices, dental care) and industrial safety offers significant opportunities.

"Make in India" Initiative: Potential benefits from government policies promoting local manufacturing and consumption.

Risks

Economic Slowdown: A downturn in India's economic growth could negatively impact demand across its diversified portfolio.

Intense Competition: Faces significant competition from global and local players in most of its product categories, leading to potential pricing pressures and margin erosion.

Raw Material Price Volatility: Fluctuations in the prices of key raw materials can impact production costs and profitability.

Currency Fluctuations: As a subsidiary with global linkages, adverse movements in foreign exchange rates can affect import costs and profitability.

Regulatory Changes: Changes in import duties, tariffs, industrial safety norms, or healthcare regulations could impact operations and costs.

Supply Chain Disruptions: Global or local supply chain issues could affect product availability and timely delivery.

Management & Ownership

3M India Ltd. is primarily promoted by its parent company, 3M Company (USA), which holds a significant majority stake (typically around 75%). The management team generally comprises seasoned professionals, often benefiting from the global best practices and operational expertise of the 3M Corporation. The board of directors usually includes representatives from the parent company and independent directors, ensuring professional governance standards.

Outlook

3M India is well-positioned to capitalize on India's long-term growth trajectory due to its diversified portfolio, strong global brand backing, and continuous innovation. The company's presence across critical sectors like healthcare, industrial safety, and consumer goods provides multiple avenues for growth as the Indian economy expands. However, its performance is intricately linked to broader economic conditions and it operates in a highly competitive environment. Sustaining profitability will depend on its ability to manage input costs, adapt to local market pricing sensitivities, and continuously innovate to stay ahead of competition across its diverse product lines.

3M India Share Price

Live · BSE / NSE · Inception: 1987
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

3M India Quarterly Results

#(Fig in Cr.) Mar 2017 Jun 2017 Sep 2017 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 648 689 567 1111 1090 1198 1196 1266 1228 1399
Other Income 16 14 9 18 17 14 15 12 9 12
Total Income 664 702 577 1129 1107 1212 1211 1279 1238 1411
Total Expenditure 513 590 475 927 936 971 954 1011 997 1142
Operating Profit 151 113 102 201 171 240 257 268 240 269
Interest 1 0 0 4 3 1 2 2 35 4
Depreciation 11 11 10 14 14 14 15 15 16 17
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -75 40
Profit Before Tax 138 101 92 183 154 225 239 251 115 289
Provision for Tax 48 35 32 49 40 154 62 59 177 74
Profit After Tax 90 66 60 134 114 71 178 191 -62 215
Adjustments -90 -66 -60 0 0 0 -0 0 -0 0
Profit After Adjustments 0 0 0 134 114 71 178 191 -62 215
Adjusted Earnings Per Share 80.2 58.7 53 118.8 101 63.3 157.7 169.9 -55.1 191.1

3M India Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1840 2140 2363 2556 2809 2765 2420 3078 3733 4189 4446 5089
Other Income 14 18 49 44 33 42 27 35 64 86 70 48
Total Income 1855 2157 2412 2600 2842 2806 2447 3113 3798 4275 4516 5139
Total Expenditure 1637 1803 1994 2076 2301 2425 2183 2696 3174 3438 3676 4104
Operating Profit 218 354 418 523 540 381 265 417 624 837 840 1034
Interest 4 2 2 2 1 4 2 4 7 3 11 43
Depreciation 50 49 47 42 42 57 60 53 56 53 55 63
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 -35
Profit Before Tax 165 303 369 480 497 320 202 360 561 781 773 894
Provision for Tax 56 108 128 169 174 101 53 94 145 198 297 372
Profit After Tax 108 195 241 311 323 219 149 266 416 583 476 522
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 108 195 241 311 323 219 149 266 416 583 476 522
Adjusted Earnings Per Share 96.2 172.9 213.7 275.7 286.7 194.4 132.5 236.3 369.4 517.9 422.6 463.6

3M India Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 808 988 1226 1537 1860 2075 2222 2489 1948 2147 1846
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 8 6 5 5 7 0 0 0 0 0 0
Other Non-Current Liabilities 328 6 14 10 3 30 23 30 30 14 106
Total Current Liabilities 336 421 679 572 600 532 646 712 914 1059 1043
Total Liabilities 1479 1420 1924 2124 2470 2637 2891 3230 2892 3220 2995
Fixed Assets 388 349 315 285 269 287 248 291 322 332 417
Other Non-Current Assets 355 49 81 97 711 662 702 716 709 219 137
Total Current Assets 737 1022 1527 1742 1490 1688 1941 2224 1861 2668 2433
Total Assets 1479 1420 1924 2124 2470 2637 2891 3230 2892 3220 2995

3M India Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 60 114 371 744 789 470 666 937 1207 798 1044
Cash Flow from Operating Activities 177 261 365 29 267 218 312 334 425 643 355
Cash Flow from Investing Activities -4 1 12 18 -590 1 -16 -43 -20 -269 322
Cash Flow from Financing Activities -119 -5 -4 -2 4 -24 -25 -21 -980 -128 -789
Net Cash Inflow / Outflow 54 257 373 45 -319 195 271 269 -575 246 -112
Closing Cash & Cash Equivalent 114 371 744 789 470 666 937 1207 632 1044 933

3M India Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 96.17 172.89 213.72 275.66 286.72 194.38 132.53 236.28 369.41 517.9 422.6
CEPS(Rs) 140.21 216.32 255.22 312.77 323.89 245.31 185.51 283.58 419.23 564.89 471.68
DPS(Rs) 0 0 0 0 0 0 0 0 950 685 535
Book NAV/Share(Rs) 717.01 877.12 1088.67 1364.1 1650.7 1841.76 1972.03 2209.28 1729.09 1905.8 1639.13
Core EBITDA Margin(%) 10.57 15.13 15 18.59 18.07 12.29 9.82 12.41 14.99 17.95 17.31
EBIT Margin(%) 8.74 13.73 15.11 18.66 17.75 11.72 8.46 11.8 15.21 18.72 17.65
Pre Tax Margin(%) 8.54 13.63 15.02 18.59 17.71 11.59 8.36 11.68 15.02 18.65 17.4
PAT Margin (%) 5.62 8.76 9.8 12.03 11.5 7.92 6.17 8.65 11.15 13.93 10.71
Cash Profit Margin (%) 8.19 10.96 11.7 13.65 12.99 10 8.63 10.38 12.65 15.19 11.95
ROA(%) 7.55 13.43 14.4 15.34 14.06 8.58 5.4 8.7 13.59 19.09 15.32
ROE(%) 14.38 21.69 21.74 22.48 19.02 11.13 6.95 11.3 18.76 28.5 23.84
ROCE(%) 20.53 33.53 33.24 34.62 29.16 16.41 9.54 15.43 25.6 38.31 39.29
Receivable days 48.68 46.47 53.84 66.31 69.9 69.49 72.92 56.27 52.97 56.55 61.31
Inventory Days 52.42 48.25 46.34 48.03 47.2 52.16 63.44 52.39 49.91 47.89 48.44
Payable days 48.84 58.06 86.62 98.78 79.07 69.49 92.62 92.47 94.66 111.78 108.83
PER(x) 82.86 62.37 54.2 70.32 83.94 97.31 228.16 83.23 62.29 60.35 68.27
Price/Book(x) 11.11 12.29 10.64 14.21 14.58 10.27 15.33 8.9 13.31 16.4 17.6
Dividend Yield(%) 0 0 0 0 0 0 0 0 4.13 2.19 1.85
EV/Net Sales(x) 4.82 5.51 5.21 8.24 9.49 7.47 13.69 6.8 6.77 8.08 7.1
EV/Core EBITDA(x) 40.69 33.27 29.44 40.23 49.32 54.12 125.22 50.28 40.52 40.42 37.58
Net Sales Growth(%) 5.62 16.26 10.44 8.17 9.88 -1.56 -12.46 27.18 21.28 12.21 6.12
EBIT Growth(%) 101.13 81.13 21.66 29.65 3.51 -35.01 -36.77 77.34 56.3 38.13 0.02
PAT Growth(%) 152.01 79.77 23.62 28.98 4.01 -32.2 -31.82 78.28 56.34 40.2 -18.4
EPS Growth(%) 152.01 79.77 23.62 28.98 4.01 -32.2 -31.82 78.28 56.34 40.2 -18.4
Debt/Equity(x) 0.02 0.01 0.01 0.01 0.01 0 0 0 0 0 0
Current Ratio(x) 2.19 2.43 2.25 3.04 2.48 3.17 3 3.12 2.04 2.52 2.33
Quick Ratio(x) 1.31 1.73 1.76 2.44 1.85 2.4 2.34 2.49 1.42 2.02 1.71
Interest Cover(x) 41.98 135.8 163.52 248.17 456.63 89.73 84.23 99.94 79.99 243.88 70.21
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +6% +13% +10% +9%
Operating Profit CAGR 0% +26% +17% +14%
PAT CAGR -18% +21% +17% +16%
Share Price CAGR +8% +6% +4% +10%
ROE Average +24% +24% +18% +18%
ROCE Average +39% +34% +26% +27%

3M India Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 75 %
FII 3.52 %
DII (MF + Insurance) 8.32 %
Public (retail) 25 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 75757575757575757575
FII 3.563.643.774.074.013.783.843.433.53.52
DII 8.518.438.278.138.138.068.098.118.388.32
Public 25252525252525252525
Others 0000000000
Total 100100100100100100100100100100

3M India Peer Comparison

Diversified Edit Columns

3M India Quarterly Price

10-year quarterly close · BSE
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News & Updates

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3M India Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 24%
  • Debtor days have improved from 111.78 to 108.83days.
  • Company is almost debt free.

Cons

  • Stock is trading at 20.4 times its book value.
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