3M India Ltd

3M India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

3M India Ltd

₹ 29,054 -0.14%
15 Jan 10:42 a.m.
3m.com/in BSE: 523395 NSE: 3MINDIA
About

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)

Key Points

History of the company
3M was incorporated in 1902 in the USA as a Mining company and now 3M is one of the world’s leading conglomerates with a presence in 70+ countries. 3M ventured into India as a part of their expansion strategy. Birla 3M India was incorporated in 1986 as a Joint venture between the 3M group and the Birla group and later Y. Birla sold his stake and eventually the name of the company was changed to 3M India in 2002. [1] [2]

Website BSE NSE
  • Market Cap ₹ 32,744 Cr.
  • Current Price ₹ 29,054
  • High / Low ₹ 41,000 / 28,424
  • Stock P/E 53.5
  • Book Value ₹ 1,906
  • Dividend Yield 0.55 %
  • ROCE 40.5 %
  • ROE 30.5 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 123%
  • Company's working capital requirements have reduced from 32.0 days to 22.7 days

Cons

  • Stock is trading at 15.2 times its book value

* 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.

Peer comparison

Sector: Diversified Industry: Diversified - Large

Part of BSE Quality Index BSE Allcap Nifty 500 Multicap 50:25:25 BSE 200 Nifty MidSmallcap 400

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
744 840 826 926 944 977 993 1,046 1,050 1,040 1,006 1,095 1,047
696 748 731 768 827 854 822 852 877 847 827 880 841
Operating Profit 48 92 95 158 116 123 171 194 173 192 179 214 205
OPM % 6% 11% 12% 17% 12% 13% 17% 19% 16% 18% 18% 20% 20%
8 8 8 9 11 35 12 10 15 17 17 30 22
Interest 1 1 0 2 1 0 1 6 1 1 1 1 3
Depreciation 15 13 14 13 14 15 15 14 14 13 13 13 14
Profit before tax 41 87 89 151 113 143 167 184 173 196 181 231 211
Tax % 26% 26% 25% 27% 26% 26% 25% 26% 25% 25% 25% 25% 26%
30 64 67 111 84 106 125 136 129 146 135 173 157
EPS in Rs 26.72 57.01 59.24 98.46 74.80 94.30 110.79 120.48 114.70 129.70 120.05 153.44 139.50
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,710 3,017 2,987 2,605 3,336 3,959 4,189 4,186
2,211 2,481 2,537 2,345 2,947 3,355 3,430 3,396
Operating Profit 499 536 450 259 389 604 759 791
OPM % 18% 18% 15% 10% 12% 15% 18% 19%
55 60 46 25 37 68 78 86
Interest 2 1 4 2 4 7 3 5
Depreciation 44 44 59 62 55 58 53 53
Profit before tax 508 551 433 220 368 607 781 819
Tax % 34% 33% 26% 26% 26% 26% 25%
333 366 322 162 272 451 583 611
EPS in Rs 295.91 325.06 285.99 144.14 241.43 400.37 517.90 542.69
Dividend Payout % 0% 0% 0% 0% 0% 237% 132%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 17%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 53%
TTM: 23%
Stock Price CAGR
10 Years: 16%
5 Years: 5%
3 Years: 5%
1 Year: -15%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 22%
Last Year: 30%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11 11 11 11 11 11 11
Reserves 1,055 1,422 1,740 1,899 2,172 1,666 2,136
10 14 42 23 25 27 18
1,234 672 578 718 798 1,010 1,083
Total Liabilities 2,311 2,118 2,371 2,652 3,006 2,714 3,248
303 286 306 266 307 338 332
CWIP 6 12 7 24 23 25 12
Investments 0 0 0 0 0 0 0
2,001 1,820 2,058 2,362 2,676 2,352 2,903
Total Assets 2,311 2,118 2,371 2,652 3,006 2,714 3,248

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
36 253 245 321 327 465 643
25 -553 3 -14 -41 -15 -269
-2 3 -25 -25 -21 -980 -128
Net Cash Flow 59 -297 223 282 265 -530 246

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 77 71 65 68 58 59 61
Inventory Days 96 94 92 104 85 91 77
Days Payable 93 81 66 114 94 113 120
Cash Conversion Cycle 79 84 92 58 49 36 19
Working Capital Days -26 54 66 56 40 33 23
ROCE % 44% 27% 12% 18% 31% 41%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
4.38% 4.25% 4.13% 4.26% 4.40% 3.72% 3.64% 3.56% 3.56% 3.64% 3.77% 4.07%
7.01% 6.54% 6.37% 6.90% 6.90% 7.93% 8.34% 8.45% 8.52% 8.44% 8.27% 8.13%
13.61% 14.21% 14.50% 13.83% 13.70% 13.35% 13.02% 12.98% 12.92% 12.92% 12.95% 12.80%
No. of Shareholders 34,66137,23238,28237,21937,54129,88428,05428,07727,61029,19829,24330,045

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

Concalls