3M India Ltd
Diversified | Mid Cap
3M India Ltd shows a mixed financial performance. The company exhibits strong solvency, excellent financial health, and good growth prospects. Profitability is also a strength, driven by good returns on capital and assets. However, efficiency is an area of concern, particularly regarding inventory and sales. While revenue growth is positive, earnings per share growth is a weakness. The company demonstrates a robust ability to cover its interest obligations. Overall, 3M India Ltd demonstrates financial stability and growth potential, but needs to address efficiency concerns to optimize performance.
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- Valuation MetricsNeutral
- Market Metrics
- Stock Reports
- Stock News
- Growth Ratio7.00
- Financial Ratio10.00
- Profitability Ratio7.40
- Efficiency Ratio4.00
- Coverage Ratio10.00
- Solvency Ratio10.00
- Liquidity Ratio0.00
- Peer Assessment
- Management AssessmentStrong
- Risk AssessmentBalanced
- 1 HourBullish
- 2 HoursBullish
- 4 HoursBullish
- 1 DayStrong Bullish
- 1 WeekBearish
- 1 MonthBearish
3M India Ltd shows a mixed financial performance. The company exhibits strong solvency, excellent financial health, and good growth prospects. Profitability is also a strength, driven by good returns on capital and assets. However, efficiency is an area of concern, particularly regarding inventory and sales. While revenue growth is positive, earnings per share growth is a weakness. The company demonstrates a robust ability to cover its interest obligations. Overall, 3M India Ltd demonstrates financial stability and growth potential, but needs to address efficiency concerns to optimize performance.
Overall Valuation Score
P/E RATIO (TTM)
67.27
Industry Median
29.81
Mid Cap Median
57.76
P/E RATIO
70.49
P/B RATIO
19.15
Industry Median
4.45
Mid Cap Median
7.25
P/S RATIO
9.85
Industry Median
2.73
Mid Cap Median
8.65
Others
PEG RATIO
7.22
EV/EBITDA RATIO
47.68
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹36505 as on Feb 20, 2026.
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The company shows strong growth in operating profit, assets, and net income, while revenue growth is positive. However, the company has a decline in earnings per share growth which is a major concern. The company should manage revenue and profits and ensure growth sustainability.
| Growth Ratios | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Revenue Growth Rate | -0.99 | -12.79 | 28.06 | 18.68 | 5.81 |
| Operating Profit Growth Rate | -16.04 | -42.44 | 50.19 | 55.27 | 25.66 |
| Earnings Per Share (EPS) Growth | -12.02 | -49.6 | 67.5 | 65.83 | 29.36 |
| Asset Growth Rate | 11.95 | 11.85 | 13.35 | -9.71 | 19.68 |
| Net Income Growth Rate | -12.02 | -49.69 | 67.9 | 65.81 | 29.27 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
The company shows excellent financial standing, and is performing well in terms of earnings per share, book value, and capital expenditure. The company is financially sound and has a solid foundation for sustainable growth and profitability.
| Financial Ratios | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Adjusted Earnings Per Share (Adjusted EPS) | 292.73 | 147.27 | 247.27 | 410 | 530 |
| Cash Earnings Per Share (Cash EPS) | 346.36 | 203.64 | 297.27 | 462.73 | 578.18 |
| Book Value Per Share | 1591.82 | 1736.36 | 1984.55 | 1524.55 | 1951.82 |
| Dividend Per Share (DPS) | 0 | 0 | 0 | 948.88 | 683.63 |
| Capital Expenditures (CapEx) | 21 | 40 | 68 | 59 | 30 |
Adjusted Earnings Per Share (Adjusted EPS)
Cash Earnings Per Share (Cash EPS)
Book Value Per Share
Dividend Per Share (DPS)
Capital Expenditures (CapEx)
The company has good profitability driven by strong returns on capital employed and assets. The company needs to improve its gross profit margin, return on equity, operating margin and net margin. While good, the company should focus on strategies to enhance overall profitability and market competitiveness.
| Profitability Ratios | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Gross Profit Margin | 13.09 | 7.56 | 10.01 | 13.79 | 16.85 |
| Return on Capital Employed (ROCE) | 23.81 | 11.35 | 16.66 | 35.48 | 35.91 |
| Return on Equity (ROE) | 18.39 | 8.48 | 12.46 | 26.89 | 27.15 |
| Return on Assets (ROA) | 18.98 | 9.77 | 12.94 | 22.25 | 23.37 |
| Operating Margin | 15.07 | 9.94 | 11.66 | 15.26 | 18.12 |
| Net Margin | 10.78 | 6.22 | 8.15 | 11.39 | 13.92 |
Gross Profit Margin
Return on Capital Employed (ROCE)
Return on Equity (ROE)
Return on Assets (ROA)
Operating Margin
Net Margin
The company shows mixed efficiency. While receivables turnover and receivable days are average, inventory management is a concern. The company may face challenges in optimizing its working capital. While average in some areas, the company needs to improve inventory management for better operational performance.
| Efficiency Ratios | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Fixed Asset Turnover Ratio | 9.76 | 9.79 | 10.87 | 11.71 | 12.62 |
| Inventory Turnover Ratio | 6.11 | 5.37 | 6.34 | 6.2 | 6.09 |
| Receivables Turnover Ratio | N/A | N/A | N/A | N/A | N/A |
| Days Sales in Inventory Ratio | 59.74 | 67.97 | 57.57 | 58.87 | 59.93 |
| Receivable Days | N/A | N/A | N/A | N/A | N/A |
| Capital Turnover Ratio | 1.63 | 1.33 | 1.49 | 2.29 | 1.92 |
Inventory Turnover Ratio
Receivables Turnover Ratio
Days Sales in Inventory Ratio
Receivable Days
The company has a strong coverage position. The company has a very high ability to cover its interest expenses. This suggests a very low risk of financial distress. The company can comfortably meet its obligations.
| Coverage Ratios | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|
| Interest Coverage Ratio | 552 | 109.25 | 111 | 93 | 87.71 | 261.33 |
| Equity Dividend Coverage Ratio | N/A | N/A | N/A | N/A | 0.42 | 0.76 |
Interest Coverage Ratio
Equity Dividend Coverage Ratio
The company's solvency position is strong. The company has a very low debt burden and a very high ability to cover its interest expenses. This suggests a very low risk of financial distress. The company can comfortably meet its long-term obligations and has financial flexibility for future investments.
| Solvency Ratios | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Debt Ratio | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 |
| Debt to Equity Ratio | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 |
| Equity Ratio | 0.98 | 0.99 | 0.99 | 0.98 | 0.99 |
| Debt To Asset Ratio | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
Debt Ratio
Debt to Equity Ratio
Interest Coverage Ratio
No liquidity data is available, so it is difficult to comment on the company's short-term financial health, ability to meet its immediate obligations and convert assets into cash. Without this information, assessing the company's risk and operational efficiency is not possible.
| Liquidity Ratios | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Current Ratio | 3.56 | 3.29 | 3.35 | 2.33 | 2.68 |
| Quick Ratio | 2.8 | 2.65 | 2.74 | 1.72 | 2.19 |
| Cash Ratio | 1.35 | 1.48 | 1.66 | 0.79 | 1.25 |
| Operating Cash Flow Ratio | 0.42 | 0.45 | 0.41 | 0.46 | 0.59 |
Current Ratio
Quick Ratio
Cash Ratio
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | 3M India Ltd | 7.48 | 70.49 | Neutral | 791.00 | 422.61 | 611.00 |
The management of 3M India Ltd. demonstrates effectiveness through consistent financial performance, efficient capital utilization, and a healthy financial position. The company's increasing operating profit margins and returns on capital employed reflect strong operational capabilities. A stable promoter holding indicates sustained confidence in the company's direction. These elements combined suggest competent management stewardship.
| Category | Metric | Value | Assessment |
|---|---|---|---|
| PROS | Sales Growth (2020-2024) | 17.9% | Demonstrates strong revenue expansion. |
| ROCE (2024) | 33% | Reflects efficient use of capital. | |
| CONS | Dividend Payout (2023) | 257% | High payout may impact retained earnings. |
| Quarterly Profit Growth (Sep 2024) | -8% | Indicates recent volatility in profitability. |
Financial Performance & Growth
3M India Ltd. exhibits robust financial performance and consistent growth. The company has demonstrated sustained sales and profit growth over the years, reflecting effective management in driving revenue and profitability. The compounded sales growth shows a positive trend.
| Metric | 2014-2016 | 2017-2019 | 2020-2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Compounded Sales Growth | 11.9% | 8.9% | 16.6% | 21.28% | 5.18% |
| Compounded Profit Growth | 32.3% | 9.2% | 18.9% | 56.3% | 28.8% |
The OPM % has improved, suggesting enhanced operational efficiency. The company has maintained a stable material cost percentage, reflecting efficient cost management. Employee costs as a percentage of sales have decreased, contributing to improved profitability. Fluctuations in quarterly sales and profit are within acceptable limits, reflecting stable financial performance.
Capital Efficiency & Returns
3M India demonstrates strong capital efficiency and returns, supported by robust ROCE and ROE figures. The company consistently generates high returns on its capital employed and equity, indicating effective utilization of resources and value creation for shareholders.
| Metric | 2013-2015 | 2016-2018 | 2019-2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| ROCE % | 14% | 34% | 20% | 15% | 25% | 33% |
The improving ROCE % indicates that the company is becoming more efficient in generating profits from its capital base. ROE % is also strong, demonstrating the company's ability to generate returns on shareholders' equity. Additionally, the cash conversion cycle has improved, indicating efficient working capital management and quicker conversion of investments into cash.
Financial Health & Prudence
3M India exhibits good financial health, demonstrated by a low debt-to-equity ratio, indicating prudent use of leverage. Interest coverage is comfortable, reflecting its ability to meet interest obligations.
| Metric | 2013-2015 | 2016-2018 | 2019-2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Debt/Equity Ratio | 0.20 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Strategic & Operational Indicators
3M India shows positive strategic and operational indicators. The company has been making strategic investments in fixed assets, indicating a focus on growth and modernization. Efficient working capital management is evident from the improving cash conversion cycle.
| Metric | 2013-2015 | 2016-2018 | 2019-2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Cash Conversion Cycle | 98 | 67 | 79 | 49 | 36 | 21 |
Gross block and CWIP investments suggest ongoing asset development. Debtor days, inventory days, and payable days are managed effectively to optimize cash flow. The company is focused on strategic asset investments to support future growth.
The risk assessment for 3M India is moderate. The company demonstrates strong financial performance and efficient capital management, but there are areas of concern. Segment performance volatility, indicated by fluctuating quarterly profit growth and a high dividend payout ratio, might affect the company's financial flexibility.
Segment performance volatility
The company experiences segment performance volatility due to fluctuations in quarterly profit growth.
| Metric | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| YOY Profit Growth % | -8% | 29% | 61% | 187% | 54% | 66% | 17% | 45% | 46% | 10% | 31% | 26% | -8% |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 1033111.50Bullish
- SMA 2033058.00Bullish
- SMA 5032264.20Bullish
- EMA 1033074.12Bullish
- EMA 2032940.07Bullish
- EMA 5032553.42Bullish
- DEMA 1033138.30Bullish
- DEMA 2033260.50Bearish
- DEMA 5032929.98Bullish
- TEMA 1033071.13Bullish
- TEMA 2033228.18Bearish
- TEMA 5033265.03Bearish
- MACD217.51Bearish
- ADX29.83Strong Trend
- IndicatorValueSignal
- RSI62.28Neutral
- CCI50.91Neutral
- ROC 9-0.36Bearish
- ROC 140.33Bullish
- ROC 252.82Bullish
- Stoch K53.44Neutral
- Stoch D39.92Neutral
- IndicatorValueSignal
- BB Upper33458.09Neutral
- BB Middle33058.00Neutral
- BB Lower32657.91Neutral
- ATR278.59Low Volatility
- IndicatorValueSignal
- MFI61.96Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 2 Hours Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 1033152.00Bullish
- SMA 2032663.25Bullish
- SMA 5032154.60Bullish
- EMA 1033020.78Bullish
- EMA 2032742.59Bullish
- EMA 5032411.94Bullish
- DEMA 1033272.20Bearish
- DEMA 2033185.98Bullish
- DEMA 5032628.24Bullish
- TEMA 1033206.20Bullish
- TEMA 2033408.14Bearish
- TEMA 5032857.13Bullish
- MACD338.74Bullish
- ADX40.39Strong Trend
- IndicatorValueSignal
- RSI63.93Neutral
- CCI69.01Neutral
- ROC 90.12Bullish
- ROC 142.78Bullish
- ROC 256.53Bullish
- Stoch K79.44Neutral
- Stoch D79.30Neutral
- IndicatorValueSignal
- BB Upper33827.47Neutral
- BB Middle32663.25Neutral
- BB Lower31499.03Neutral
- ATR362.12Low Volatility
- IndicatorValueSignal
- MFI75.65Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 4 Hours Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
- IndicatorValueSignal
- SMA 1032699.00Bullish
- SMA 2032159.00Bullish
- SMA 5032302.70Bullish
- EMA 1032771.50Bullish
- EMA 2032490.25Bullish
- EMA 5032313.11Bullish
- DEMA 1033197.38Bullish
- DEMA 2032774.14Bullish
- DEMA 5032453.65Bullish
- TEMA 1033391.61Bearish
- TEMA 2033062.72Bullish
- TEMA 50N/AN/A
- MACD263.51Bullish
- ADX26.37Strong Trend
- IndicatorValueSignal
- RSI62.91Neutral
- CCI118.27Overbought
- ROC 94.65Bullish
- ROC 144.53Bullish
- ROC 252.52Bullish
- Stoch K89.07Overbought
- Stoch D92.56Overbought
- IndicatorValueSignal
- BB Upper33560.61Neutral
- BB Middle32159.00Neutral
- BB Lower30757.39Neutral
- ATR513.34High Volatility
- IndicatorValueSignal
- MFI81.09Overbought
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Market Sentiment
Analysis Driven By 33 Technical Indicators From The 1 Day Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 1032102.00Bullish
- SMA 2032449.25Bullish
- SMA 5032179.90Bullish
- SMA 10033160.55Bearish
- SMA 20032959.45Bullish
- EMA 1032464.56Bullish
- EMA 2032318.12Bullish
- EMA 5032390.94Bullish
- EMA 10032703.20Bullish
- EMA 20032616.77Bullish
- DEMA 1032748.73Bullish
- DEMA 2032441.06Bullish
- DEMA 5032008.75Bullish
- DEMA 10032413.92Bullish
- DEMA 20033109.60Bullish
- TEMA 1033027.92Bullish
- TEMA 2032598.43Bullish
- TEMA 5032151.74Bullish
- TEMA 10031745.47Bullish
- TEMA 20032959.08Bullish
- MACD119.69Bullish
- ADX13.22Weak Trend
- IndicatorValueSignal
- RSI58.99Neutral
- CCI66.08Neutral
- ROC 141.74Bullish
- ROC 256.19Bullish
- Stoch K88.33Overbought
- Stoch D71.64Neutral
- IndicatorValueSignal
- BB Upper33872.16Neutral
- BB Middle32449.25Neutral
- BB Lower31026.34Neutral
- ATR816.25Low Volatility
- IndicatorValueSignal
- MFI51.61Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Market Sentiment
Analysis Driven By 21 Technical Indicators From The 1 Week Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 2033021.75Bearish
- SMA 5032436.70Bearish
- EMA 2032608.50Bearish
- EMA 5032427.74Bearish
- DEMA 2032299.32Bearish
- DEMA 5033037.34Bearish
- TEMA 2031695.71Bearish
- TEMA 5033003.64Bearish
- MACD-287.82Bearish
- ADX17.19Weak Trend
- IndicatorValueSignal
- RSI47.53Neutral
- CCI-30.28Neutral
- ROC 14-8.07Bearish
- ROC 25-9.53Bearish
- Stoch K42.78Neutral
- Stoch D42.89Neutral
- IndicatorValueSignal
- BB Upper36805.46Neutral
- BB Middle33021.75Neutral
- BB Lower29238.04Neutral
- ATR2052.09Low Volatility
- IndicatorValueSignal
- MFI62.98Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Market Sentiment
Analysis Driven By 25 Technical Indicators From The 1 Month Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 633873.33Bearish
- SMA 1232258.33Bullish
- SMA 2432326.56Bullish
- EMA 633039.38Bearish
- EMA 1232606.90Bullish
- EMA 2431821.04Bullish
- DEMA 633286.13Bearish
- DEMA 1233356.77Bearish
- DEMA 2433459.86Bearish
- TEMA 632926.60Bearish
- TEMA 1233543.62Bearish
- TEMA 2433115.38Bearish
- MACD2256.76Bearish
- ADX21.99Weak Trend
- IndicatorValueSignal
- RSI53.67Neutral
- CCI52.71Neutral
- ROC 257.69Bullish
- ROC 5066.57Bullish
- Stoch K41.78Neutral
- Stoch D41.28Neutral
- IndicatorValueSignal
- BB Upper37158.66Neutral
- BB Middle31512.49Neutral
- BB Lower25866.32Neutral
- ATR4099.74High Volatility
- IndicatorValueSignal
- MFI66.95Neutral