3M India Ltd Q4 FY22 Share Price & Earnings Call Analysis

Financials of 3M India Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of 3M India Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +9869771,0401,0061,0331,0471,1111,0901,1981,1961,2661,2281,399
Expenses +8078198478278318419279369719541,0119971,142
Operating Profit180158192179202205183154227242256231257
OPM %18%16%18%18%20%20%16%14%19%20%20%19%18%
Other Income +813171727221817141512-6552
Interest61111343122354
Depreciation14141313131414141415151617
Profit before tax168157196181215211183154225239251115289
Tax %27%25%25%25%25%26%27%26%68%26%24%154%26%
Net Profit +12311714613516115713411471178191-62215
EPS in Rs109.43103.57129.70120.05143.13139.50118.76100.9963.35157.73169.85-55.08191.16

Financials of 3M India Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,8402,1402,3632,5562,8092,7652,4203,0783,7334,1894,4465,090
Expenses +1,6361,8031,9942,0762,3012,4252,1832,6963,1743,4303,6764,104
Operating Profit204337369480508340238382560759770986
OPM %11%16%16%19%18%12%10%12%15%18%17%19%
Other Income +141849443342273564787014
Interest42221424731144
Depreciation504947424257605356535563
Profit before tax165303369480497320202360561781773894
Tax %34%36%35%35%35%32%26%26%26%25%38%42%
Net Profit +108195241311323219149266416583476522
EPS in Rs96.17172.89213.72275.67286.72194.38132.53236.29369.41517.90422.61463.66
Dividend Payout %0%0%0%0%0%0%0%0%257%132%127%109%

Financials of 3M India Ltd

Balance Sheet

Capital structure and asset base

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
Borrowings +1411109144223242718100170
Other Liabilities +3064306955896215376727449401,0831,0691,199
Total Liabilities1,1281,4291,9322,1352,4942,6532,9173,2572,9143,2483,0153,137
Fixed Assets +388349315285269287248291322332417335
CWIP11261072423251210163
Investments0000585505505505505000
Other Assets +7391,0781,6141,8441,6291,8552,1402,4392,0632,9032,5882,639
Total Assets1,1281,4291,9322,1352,4942,6532,9173,2572,9143,2483,0153,137

Financials of 3M India Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +17726136529267218312334425643355514
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%

Financials of 3M India Ltd

Ratios

Working capital efficiency and return ratios

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%