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3M India Q4 FY26 Share Price & Earnings Call Analysis

₹28,990.00+0.24% today
Market cap
₹32,672 Cr
P/E
74.11
ROE
29.98%
PEG
8.03
Price to sales
6.14
Debt to equity
0.10
52W high / low
₹37,635 / ₹28,815
Sales growth (5Y)
16.03%
EBITDA margin
18.47%
Net profit margin
10.65%
Promoter holding
75.00%
Sales (last year)
₹5,317 Cr

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)

Guidance scorecard · Q4 FY26 call

What 3M India Ltd's management guided
and where it ranks in Diversified

Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ3 FY22 call

10–20%
  • Emphasis on driving growth through technology-based specifications and regulatory excellence.
  • Growth opportunities continue to emerge and evolve across multiple segments; priorities focus on sustaining and accelerating growth.
  • Growth fueled by both new product launches and strengthening go-to-market/distribution capabilities, especially in India with smaller average ticket sizes necessitating strong channels.
  • Healthcare portfolio showing strong growth and some of the best recent revenue numbers, despite pandemic-related fluctuations.
  • Expectation of constant investment and quicker portfolio development to keep pace with market trends and customer needs.
  • Recognition of the need to do more and faster on global priorities, including transformation efforts.

2 more points from 3M India Ltd's call on revenue

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Full Q3 FY22 analysis

MarginsQ3 FY22 call

Flat

See what 3M India Ltd said on margins — free account, 30 seconds.

Full Q3 FY22 analysis

CapexQ3 FY22 call

Planned
  • Focus on digitization and digital transformation across four areas: digital enterprise (corporate efficiencies), digital operations (manufacturing, supply chain, data, processes), digital customer experience, and new digital products/business models.
  • The Global CFO is responsible for overseeing the entire digital transformation initiative.
  • Investment in portfolio augmentation through internal development and acquisitions, especially in consumer electronics, healthcare, and personal safety.
  • Prioritization of growth sectors like electric and new energy vehicles.
  • Ongoing R&D prioritization in automotive OEMs, safety portfolios, cleaning, consumer retail, and industrial products.

2 more points from 3M India Ltd's call on capex

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Full Q3 FY22 analysis

FundraisingQ3 FY22 call

See what 3M India Ltd said on fundraising — free account, 30 seconds.

Full Q3 FY22 analysis

Order bookQ3 FY22 call

Ask what 3M India Ltd said on the order book →

Full Q3 FY22 analysis
Full Diversified ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

This quarter's potential multibaggers
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does 3M India Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

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%

Guidance history

How 3M India Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q3 FY22 call →10–20%FlatPlanned——
Q3 FY21 call →0–10%—None planned——
Q1 FY21 call →0–10%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

21out of 100

Momentum score · price trend

21 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−2.9%58%
Last 6 months−12.9%34%
Last 3 months−16.3%30%

The price is 26.4% below its all-time high of ₹39,413.25 (2 Aug 2024). Stocks more than 20% below their peak have their score halved, so 43 became 21.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For 3M India Ltd: 0.4 × 58 + 0.4 × 34 + 0.2 × 30 = 43, halved to 21 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What 3M India Ltd's management said in earlier quarters

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