MarketFriction

3M India Ltd

NSE 3MINDIA · BSE 523395 · Diversified
₹30,795.00 -4.24%
NSE close2026-10-01
52 week range28,730.00 - 38,030.00
Market cap₹35,940 Cr.
P/E81.5
Price band 20% Delivery 45.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,0401,0061,0331,0471,1111,0901,1981,1961,2661,2281,3991,423
Expenses8478278318419279369719541,0119971,1421,185
Operating Profit192179202205183154227242256231257238
OPM %18%18%20%20%16%14%19%20%20%19%18%17%
Other Income171727221817141512-655285
Interest1113431223544
Depreciation131313141414141515161717
Profit before tax196181215211183154225239251115289302
Tax %25%25%25%26%27%26%68%26%24%154%26%23%
Net Profit14613516115713411471178191-62215233
EPS in Rs129.70120.05143.13139.50118.76100.9963.35157.73169.85-55.08191.16206.90
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,1402,3632,5562,8092,7652,4203,0783,7334,1894,4465,0905,317
Expenses1,8031,9942,0762,3012,4252,1832,6963,1743,4303,6764,1044,335
Operating Profit337369480508340238382560759770986982
OPM %16%16%19%18%12%10%12%15%18%17%19%18%
Other Income184944334227356478701484
Interest222142473114445
Depreciation494742425760535653556364
Profit before tax303369480497320202360561781773894957
Tax %36%35%35%35%32%26%26%26%25%38%42%
Net Profit195241311323219149266416583476522578
EPS in Rs172.89213.72275.67286.72194.38132.53236.29369.41517.90422.61463.66512.83
Dividend Payout %0%0%0%0%0%0%0%257%132%127%109%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%16%11%16%
Compounded Profit Growth11%30%9%-11%
Stock Price CAGR9%5%0%8%
Return on Equity19%22%27%30%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111111111111111111
Reserves7969771,2151,5251,8482,0642,2102,4781,9372,1361,8351,757
Borrowings1411109144223242718100170
Other Liabilities3064306955896215376727449401,0831,0691,199
Total Liabilities1,1281,4291,9322,1352,4942,6532,9173,2572,9143,2483,0153,137
Fixed Assets388349315285269287248291322332417485
CWIP1126107242325121014
Investments0000585505505505505000
Other Assets7391,0781,6141,8441,6291,8552,1402,4392,0632,9032,5882,639
Total Assets1,1281,4291,9322,1352,4942,6532,9173,2572,9143,2483,0153,137
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity17726136529267218312334425643355514
Cash from Investing Activity-411218-5901-16-43-20-269322-11
Cash from Financing Activity-119-5-4-24-24-25-21-980-128-789-623
Net Cash Flow5425737345-319195271269-575246-112-121
Free Cash Flow17225035115229199274266365612300457
CFO/OP113%114%132%47%92%101%164%114%103%111%73%82%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days495463767167695858616560
Inventory Days101899295939310586897789102
Days Payable536911188796611496111120104102
Cash Conversion Cycle977444838594604936195060
Working Capital Days573916545465543631223840
ROCE %21%34%33%35%29%16%9%15%25%38%38%50%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs3.56%3.56%3.64%3.77%4.07%4.01%3.78%3.84%3.43%3.50%3.52%3.50%
DIIs8.45%8.52%8.44%8.27%8.13%8.16%8.08%8.10%8.12%8.39%8.34%8.16%
Public12.98%12.92%12.92%12.95%12.80%12.84%13.13%13.05%13.44%13.11%13.15%13.33%
No. of Shareholders28,07727,61029,19829,24330,04532,14734,42534,58834,53930,57729,80830,673

Fundamentals

Market Cap₹ 35,940 Cr.
Current Price₹ 31,890
Stock P/E81.5
Book Value₹ 1,570
ROCE50.0 %
ROE30.0 %
Dividend Yield0.50 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)16%
Compounded Profit Growth (TTM)-11%
Standalone figures.
Valuation
Market capRs 34,691 Cr
Enterprise valueRs 34,043 Cr
P/E (TTM)60.05x
Price to book19.62x
Price to sales6.52x
EV / EBITDA31.93x
EV / EBIT33.97x
EV / sales6.40x
Price to cash flow67.53x
Earnings yield1.67%
Dividend yield1.64%
P/E, 3-year average64.52x
P/B, 3-year average17.73x
P/E, 5-year average67.82x
P/B, 5-year average15.08x
Profitability
Operating margin (excl. other income)19.37%
Operating margin (incl. other income)19.65%
EBITDA margin20.05%
Pre-tax margin18.00%
Net profit margin10.87%
Net margin, latest quarter16.38%
ROE28.90%
ROCE48.28%
ROA16.98%
ROE, 3-year average27.08%
ROCE, 3-year average41.45%
ROA, 3-year average17.04%
ROE, 5-year average22.26%
ROCE, 5-year average32.99%
ROA, 5-year average14.65%
ROIC (approx.)52.27%
Tax rate41.58%
Other income / net worth0.81%
Growth
Sales growth (latest year)14.49%
Profit growth (latest year)9.71%
Sales CAGR, 3 years10.88%
Sales CAGR, 5 years16.03%
Profit CAGR, 3 years7.87%
Profit CAGR, 5 years28.46%
Sales growth QoQ1.71%
Profit growth QoQ8.23%
Sales growth YoY (latest quarter)19.00%
Profit growth YoY (latest quarter)31.17%
Per share
EPS (TTM)Rs 512.82
EPS (latest year)Rs 463.66
EPS (latest quarter)Rs 206.90
EPS, 3-year averageRs 468.06
EPS, 5-year averageRs 401.97
Book value per shareRs 1,569.59
Sales per shareRs 4,719.89
Cash flow per shareRs 456.03
Free cash flow per shareRs 405.68
Dividend per share (latest year)Rs 506.22
Dividend per share, 3-year averageRs 575.58
Dividend per share, 5-year averageRs 669.29
Dividends
Dividend payout109.18%
Dividend payout, 3-year average122.72%
Dividend payout, 5-year average156.36%
Efficiency
Asset turnover1.62x
Fixed asset turnover10.50x
Inventory turnover3.65x
Inventory days100 days
Debtor days60 days
Debtors turnover6.07x
Creditor days102 days
Cash conversion cycle60 days
Working capital days40 days
Leverage
Total debtRs 170 Cr
Cash and bankRs 818 Cr
Net debtRs -648 Cr
Debt to equity0.10x
Net debt / EBITDA-0.61x
Interest coverage22.10x
Current ratio (filing 2026-03-31)2.18x
Quick ratio (filing 2026-03-31)1.48x
Trade payables (filing 2026-03-31)Rs 820 Cr
Owners' fund to total sources56.36%
Debt to assets5.41%
Cash flow
Cash from Operating Activity (latest year)Rs 514 Cr
Cash from Investing Activity (latest year)Rs -11 Cr
Cash from Financing Activity (latest year)Rs -623 Cr
Net Cash Flow (latest year)Rs -121 Cr
Free cash flow (latest year)Rs 457 Cr
FCFE (approx.: FCF + change in debt)Rs 527 Cr
Cash from ops / profit, 5 years1.00x
Sales to cash flow9.91x
Statement figures
Net sales (TTM)Rs 5,317 Cr
Net sales (latest year)Rs 5,090 Cr
Sales (latest quarter)Rs 1,423 Cr
Operating profit excl. other income (latest year)Rs 986 Cr
Operating profit (latest quarter)Rs 238 Cr
Other income (TTM)Rs 84 Cr
EBITDA (TTM)Rs 1,066 Cr
PBDT (TTM)Rs 1,021 Cr
Profit before tax (TTM)Rs 957 Cr
Tax (latest year)Rs 372 Cr
Net profit (TTM)Rs 578 Cr
Net profit (latest year)Rs 522 Cr
Net profit (latest quarter)Rs 233 Cr
Depreciation (TTM)Rs 64 Cr
Depreciation (latest quarter)Rs 17 Cr
Interest (TTM)Rs 45 Cr
Cost of goods sold (latest year)Rs 3,000 Cr
Total expenditure (latest year)Rs 4,104 Cr
Total income (latest year)Rs 5,104 Cr
Share capitalRs 11 Cr
ReservesRs 1,757 Cr
Shareholders' fundsRs 1,768 Cr
Total assetsRs 3,137 Cr
Net blockRs 485 Cr
Capital work in progressRs 14 Cr
ReceivablesRs 839 Cr
InventoryRs 823 Cr
Other liabilitiesRs 1,199 Cr
Shares outstanding (crore)1.13
Ownership
Promoter holding75.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 60.0 is at the 4th percentile of its own 9.4-year range (median 83.2, low 52.3, high 191.7).
P/B 19.62 is at the 88th percentile (median 14.77).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period3MINDIANifty 50Difference
1 week-11.0%-2.8% -8.2 pts
1 month-7.6%-6.8% -0.8 pts
3 months-12.6%-7.6% -5.0 pts
6 months+2.2%+0.4% +1.8 pts
1 year+6.5%-9.9% +16.4 pts
2 years-13.2%-13.6% +0.3 pts
3 years-3.2%+14.2% -17.4 pts
5 years+23.9%+27.9% -4.0 pts
93 mutual fund schemes hold about ₹2,838 Cr. Over three months 82 bought more and 2 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Mirae Asset Midcap Fund1.49%311 +23%
Canara Rob Large and Mid Cap Fund0.95%251 +11%
Nippon India Focused Fund2.54%220 +15%
Bandhan Large & Mid Cap Fund0.97%205 +2%
Nippon India Growth Mid Cap Fund0.38%200 +9%
Nippon India Multi Cap Fund0.33%187 +12%
Axis Midcap Fund0.53%183 +10%
Nippon India ELSS Tax Saver Fund1.10%162 +17%
UTI Flexi Cap Fund0.64%155 +10%
Nippon India Innovation Fund3.08%96 +9%
Aditya Birla SL MNC Fund2.02%67 +14%
ICICI Pru Small Cap Fund0.67%66 +11%
ICICI Pru Small Cap Fund0.67%64 +11%
Mirae Asset Multicap Fund1.11%62 +9%
Aditya Birla SL Consumption Fund0.85%52 +14%
Nippon India Balanced Advantage Fund0.44%44 +14%
Quant Large & Mid Cap Fund1.17%41 +15%
UTI MNC Fund1.26%35 +13%
Tata Mid Cap Fund0.56%35 +9%
Baroda BNP Paribas Mid Cap Fund1.14%30 +25%
Tata Infrastructure Fund1.35%28 +21%
Tata Infrastructure Fund1.35%27 +21%
Quant Multi Cap Fund0.32%24 +16%
Kotak Pioneer Fund0.55%23 +5%
Tata Ethical Fund0.60%23 +10%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,423 Cr +19.0% vs Jun 2025. Net profit ₹233 Cr +30.9%.
Against our estimate for Jun 2026: sales +3.7%, profit +13.3% in line. Our estimate for Sep 2026: sales Rs 1,492 Cr, profit Rs 227 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
Godrej Industries Ltd35,56129.68.17 %
DCM Shriram Ltd14,15610.311.5 %
Balmer Lawrie & Company Ltd2,7669.9114.6 %
TTK Healthcare Ltd1,46019.18.04 %
Empire Industries Ltd63111.218.0 %
Maheshwari Logistics Ltd21814.312.0 %
Panth Infinity Ltd621.2732.9 %
Krypton Industries Ltd4716.811.4 %
Galactico Corporate Services Ltd3616.66.24 %
Swasti Vinayaka Art & Heritage Corporation Ltd295.9620.4 %
Billwin Industries Ltd1735.75.37 %
HCKK Ventures Ltd12-27.3 %
Alexander Stamps & Coin Ltd8-0.06 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 160 Per Share/Special Dividend - Rs 346 Per Share
2025-07-25Dividend - Rs 160 Per Share & Special Dividend - Rs 375
2024-07-05Special Dividend - Rs 525 Per Share/ Dividend - Rs 160 Per Share
2023-07-26Dividend - Rs 100 Per Share
2022-11-21Specia Ldividend - Rs 850 Per Share
2022-08-17Annual General Meeting
2021-08-18 Annual General Meeting
2020-08-19 Annual General Meeting
2019-08-08 Annual General Meeting
2018-08-02 Annual General Meeting
2017-08-03 Annual General Meeting
2016-07-28 Annual General Meeting
2015-07-27Annual General Meeting
2014-07-24Annual General Meeting
2013-07-15Annual General Meeting
2012-07-18Annual General Meeting
2011-07-20Annual General Meeting
2010-07-16Annual General Meeting
2009-04-21Annual General Meeting
2008-04-17Annual General Meeting
2007-04-19Agm
2006-04-12Agm
DateTypeWhat it says
2026-09-12General UpdatesGeneral Updates
2026-08-27Shareholder meetingVoting results.
2026-08-26Shareholder meetingProceedings of Annual General Meeting held on August 26, 2026
2026-08-14Board meeting outcome3M India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-11Updates3M India Limited has informed the Exchange about General Updates.
2026-08-04UpdatesBRSR Report for the year ended March 31, 2026.
2026-08-04Shareholder meetingAnnual Report for FY 25-26
2026-08-04Shareholder meetingNotice of Annual General Meeting to be held on August 26, 2026
2026-07-24General UpdatesGeneral Updates - temporary closure/shutdown of operations of company at its Ahmedabad Plant due to heavy rains in Ahmedabad
2026-07-21UpdatesCommunication to Shareholders - Intimation on Tax Deduction on Dividend.
2026-06-26General UpdatesGeneral Updates Sale of land and building - Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disc...
2026-06-19Disclosure under SEBI Takeov3M Company has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquis...
2026-05-27General UpdatesGeneral Updates on ESG Rating
2026-05-27Investor PresentationInvestor Presentation
2026-05-22Concall / analyst meetSchedule of meet
2026-05-22DividendBoard of Directors at its meeting held on May 22, 2026, recommended Final Dividend of Rs. 506 per equity share.
2026-05-22Director changeChange in Director(s) of the company.
2026-05-22Record DateRecord date for the purpose of Dividend is 17-Jul-2026.
2026-05-22Board meeting outcomeOutcome of Board Meeting held on May 22, 2026.
2026-05-22Board meeting outcome3M India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-17General UpdatesUpdates under SEBI (LODR) Regulations, 2015 Chapter IV, Regulation 30(5)
2026-04-23ResignationResignation of Director/KMP/SMP
2026-04-16Change in ManagementChange in Senior Management Personnel
2026-03-30General UpdatesGeneral Updates on PG&F business
2026-03-27Shareholder meetingVoting results.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-01-15NCLT3M India Ltd Vs MPS Car Care & Services (P) Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of 3M India Ltd?

3M India Ltd (3MINDIA) has a market capitalisation of Rs 35,940 Cr. at the 2026-10-01 close.

What is the P/E ratio of 3M India Ltd?

3M India Ltd trades at a P/E of 81.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were 3M India Ltd's latest quarterly results?

In the Jun 2026 quarter, 3M India Ltd sales was Rs 1,423 Cr (+19.0% vs Jun 2025) and net profit was Rs 233 Cr.

What is the 52-week high and low of 3M India Ltd?

The 52-week high is Rs 38,030.00 and the 52-week low is Rs 28,730.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03