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3M India

3MINDIA NSE
₹28,835.00 −50.00 (−0.17%)
P/E
56.23
View as Markdown
MCP
Close 4 Nov 2026 ₹28,835.00 −6,955.00 −19.4% 1Y
Start ₹35,790.00

Key Fundamentals

SmallcapDiversified

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
50.00%
Debt to Equity
0.10
EPS (TTM)
₹512.83
Book Value
₹1,568.90
Market Cap
—
P/E (TTM)
56.23
P/B
18.38
ROE
30.00%
Dividend Yield
1.75%
EBITDA
₹837 Cr
52W High
₹38,030.00
52W Low
₹28,485.00
Day Range
₹28,725.00 – ₹29,265.00
Volume
8,544

Peer Comparison

Diversified › Diversified Group › Diversified

3M India peer comparison
3M India (this company)
₹28,835.0056.23₹32,776 Cr18.381.75%30.00%50.00%₹5,317 Cr₹577 Cr
Godrej Industries
₹978.5028.04₹32,717 Cr2.950.00%9.26%8.17%₹23,225 Cr₹2,210 Cr
DCM Shriram
₹903.559.84₹14,020 Cr1.670.45%11.50%11.50%₹13,840 Cr₹1,436 Cr
Balmer Lawrie & Co
₹163.6510.03₹2,778 Cr1.315.20%13.70%14.60%₹2,785 Cr₹274 Cr
TTK Healthcare
₹927.5017.72₹1,297 Cr0.981.09%6.30%8.04%₹888 Cr₹74 Cr
Maheshwari Logistics
₹69.9713.13₹204 Cr0.960.72%7.48%12.00%₹1,091 Cr₹16 Cr
Median 6 companies₹915.5315.43₹8,399 Cr1.490.91%10.38%11.75%₹4,051 Cr₹426 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

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

Overall score

54 Average

Data confidence 100/100

Category scores

Quality
75
Strong
Returns, margins, earnings quality 22% weight
Valuation
24
Poor
Cheap vs sector & own history 24% weight
Growth
97
Strong
Sales & profit trajectory 9% weight
Financial Health
89
Strong
Solvency, leverage, coverage 9% weight
Momentum
16
Poor
Trend strength, vol-adjusted 12% weight
Ownership
59
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 18.4 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1144
OscillatorsBullish144
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
31.83
Neutral
MACD (12,26,9)
−886.28
Bullish
SMA (50)
31,711.70
Bearish
SMA (200)
33,234.70
Bearish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+9.05%
5Y+16.03%
3Y+10.89%
1Y+14.48%
TTM+15.69%

Net profit

Net profit growth by window
10Y+10.35%
5Y+28.50%
3Y+7.86%
1Y+9.66%
TTM+16.10%

Operating cash flow

Operating cash flow growth by window
10Y+7.01%
5Y+10.50%
3Y+6.54%
1Y+44.79%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+3.62 pp
5Y+9.54 pp
3Y+4.37 pp
1Y+2.05 pp
TTM+0.93 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2,363 Cr
Mar 2018₹2,556 Cr
Mar 2019₹2,809 Cr
Mar 2020₹2,765 Cr
Mar 2021₹2,420 Cr
Mar 2022₹3,078 Cr
Mar 2023₹3,733 Cr
Mar 2024₹4,189 Cr
Mar 2025₹4,446 Cr
Mar 2026₹5,090 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹241 Cr
Mar 2018₹311 Cr
Mar 2019₹323 Cr
Mar 2020₹219 Cr
Mar 2021₹149 Cr
Mar 2022₹266 Cr
Mar 2023₹416 Cr
Mar 2024₹583 Cr
Mar 2025₹476 Cr
Mar 2026₹522 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹1,058 Cr +2.2% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk medium

3M India Ltd trades at ₹28,990 as of 2026-10-30 with a market cap of ₹32,657 Cr. The company delivers strong returns on capital (ROE 27.17%, ROCE 35.84%) with a nearly debt-free balance sheet (D/E 0.1), but the stock commands a premium valuation at 56.53x TTM earnings and 18.48x book value, while TTM profit growth has turned negative at -11%.

Bull Case 8
  • Exceptional return on equity with a 3-year average ROE of 27% and last year's ROE reaching 30%, indicating efficient capital deployment
  • Near debt-free balance sheet with a debt-to-equity ratio of just 0.1, providing significant financial resilience and flexibility
  • ROCE of 35.84% signals the business generates substantial returns well above typical cost of capital
  • Compounded sales growth of 16% TTM and 11% over 3 years shows sustained top-line momentum
  • Healthy dividend payout ratio of 123% with a current dividend yield of 1.75%, returning significant cash to shareholders
  • Long-term compounded profit growth of 11% over 10 years and 30% over 5 years reflects a solid earnings track record
  • Stock is trading closer to its 52-week low of ₹28,485 (just 1.8% above), which is 23.7% below the 52-week high of ₹38,030, suggesting the premium has already compressed meaningfully
  • 10-year compounded sales CAGR of 9% demonstrates consistent revenue growth across multiple economic cycles
Bear Case 8
  • TTM profit has declined 11% year-on-year, a sharp reversal from the 5-year compounded profit growth of 30%, raising concerns about earnings sustainability
  • PE ratio of 56.53x TTM earnings is significantly elevated, requiring sustained high growth to justify the valuation
  • Price-to-book ratio of 18.48x is extremely high, meaning investors are paying a steep premium over the company's net asset value
  • Stock price CAGR of -1% over 3 years and -3% over 1 year indicates the stock has destroyed value for shareholders despite underlying business growth
  • Dividend payout ratio of 123% exceeds 100% of earnings, which may not be sustainable if profits continue to decline
  • 5-year stock CAGR of just 2% has significantly lagged the broader Indian market, suggesting persistent overvaluation relative to fundamentals
  • The gap between sales growth (16% TTM) and profit growth (-11% TTM) points to margin compression or rising costs eating into profitability
  • 10-year stock CAGR of 8% has underperformed the company's own 10-year profit CAGR of 11%, indicating a de-rating trend over time

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

AI News Digest

9h ago

TL;DR: 3M India has limited recent news flow, but the sole development is constructive — a solid ESG rating of 77 signals good governance and sustainability practices, which can attract ESG-focused institutional capital. With no visible headwinds in the news cycle, the near-term narrative is quiet but clean; investors should watch for upcoming quarterly results for a more complete picture.

Positives 1
  • Strong ESG rating secured Oct 6

    3M India received an ESG rating of 77 (Grade B+), categorized as 'Very Good', based on an independent assessment of publicly available data.

Quarterly Results

₹ Cr
3MINDIA quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
977
1,040
1,006
1,033
1,047
1,111
1,090
1,198
1,196
1,266
1,228
1,399
1,423
Expenses
819
847
827
831
841
927
936
971
954
1,011
997
1,142
1,185
Operating Profit
158
192
179
202
205
183
154
227
242
256
231
257
238
OPM %
16%
18%
18%
20%
20%
16%
14%
19%
20%
20%
19%
18%
17%
Other Income
13
17
17
27
22
18
17
14
15
12
−65
52
85
Interest
1
1
1
1
3
4
3
1
2
2
35
4
4
Depreciation
14
13
13
13
13.32
14
14
14
15
15
16
17
17
PBT
157
196
181
215
211
183
154
225
239
251
115
289
302
Tax %
25%
25%
25%
25%
26%
27%
26%
68%
26%
24%
154%
26%
23%
Net Profit
117
146
135
161
157
134
114
71
178
191
−62
215
233
EPS (₹)
104
130
120
143
140
119
101
63.35
158
170
−55.08
191
207

Profit & Loss

₹ Cr
3MINDIA profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
5,317
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
4,335
Operating Profit
204
337
369
480
508
340
238
382
560
759
770
986
982
OPM %
11%
16%
16%
19%
18%
12%
10%
12%
15%
18%
17%
19%
18%
Other Income
14
18
49
44
33
42
27
35
64
78
70
14
84
Interest
4
2
2
2
1
4
2
4
7
3
11
44
45
Depreciation
50
49
47
42
42
57
60
53
56
53
55
63
64
PBT
165
303
369
480
497
320
202
360
561
781
773
894
957
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
578
EPS (₹)
96.17
173
214
276
287
194
133
236
369
518
423
464
513
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
257%
132%
127%
109%
—

Balance Sheet

₹ Cr
3MINDIA balance sheet, annual, ₹ crore
Particulars 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

Cash Flow

₹ Cr
3MINDIA cash flow, annual, ₹ crore
Particulars 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/EBITDA
113
114
132
47
92
101
164
114
103
111
73
82

Ratios

3MINDIA financial ratios, annual
Particulars 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%

Insights

Beta

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

Log in to view 3M India insights

62 extracted metrics across FY02–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 75.00%
  • Public 9.71%
  • DIIs 7.99%
  • FIIs 3.69%
  • Others 3.61%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Concall · May 2026
    PPT
  • Q3 FY26 concall · Mar 2026
    PPT
  • Concall · Jul 2024
    PPT
  • Concall · May 2024
    PPT
  • Concall · Jun 2023
    PPT

Frequently Asked Questions about 3M India

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 Bangalore.
Where is 3M India Ltd (3MINDIA) listed?
3M India Ltd trades as 3MINDIA on the NSE and under code 523395 on the BSE.
Which sector does 3M India Ltd belong to?
3M India Ltd is classified under the Diversified sector, in the Diversified Group industry.
What is the PE ratio of 3M India Ltd?
3M India Ltd trades at a PE ratio of 56.23 as of 4 Nov 2026, on earnings per share of ₹512.83, against a book value of ₹1,568.9 per share.
What is the 52-week high and low of 3M India Ltd?
Over the last 52 weeks 3M India Ltd has traded between ₹28,485 and ₹38,030 as of 4 Nov 2026.
Does 3M India Ltd pay dividends?
3M India Ltd has a dividend yield of 1.75%.
What is the Return on Equity (ROE) of 3M India Ltd?
3M India Ltd reported a return on equity of 30.00%. Its debt-to-equity ratio is 0.10.

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.

Website 3m.com/in
CEO Mr. Ramesh Ramadurai
Employees 1,213
Listed 13 Aug 2004
Face Value ₹10

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