3M India Limited

BSE

3MINDIA

Stock

Yield per half year: +2.25%
Dividend yield: 0.2643%
Sector: Industrials

Reporting 3M India Limited

Capitalization

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	LTM	Average for 5 years	CAGR 5
Capitalization, bln ₹									318.27
Revenue, bln ₹			30.14	29.84	26.03	33.34	39.59	41.87	41.87	34.13	7.01
Net profit, bln ₹	2.41	3.33	3.66	3.22	1.62	2.72	4.51	5.83	5.83	3.58	12.61
EV, bln ₹									309.9
EBIT, bln ₹	3.29	4.55	5.08	4.06	2	3.51	5.76		5.76	4.08	2.54
EBITDA, bln ₹			5.72	4.96	2.84	4.26	6.72		6.72	4.90	3.27
OIBDA ₹				5.79	3.22	5.01	7.68			5.42	7.32
Book value, bln ₹			14.33	17.51	19.1	21.84	16.77	21.47	21.47	19.34	4.16
FCF, bln ₹			2.11	2.24	2.8	2.57	4.05	6.12	6.12	3.56	22.26
Operating Cash Flow, bln ₹	3.65	0.362	2.53	2.45	3.21	3.27	4.65	6.43	6.43	4.00	21.29
Operating profit, bln ₹			5.15	4.06	2	3.47	5.47	7.21	7.21	4.44	12.17
Operating expenses, bln ₹			24.99	25.79	24.03	29.87	34.13	34.65	34.65	29.69	6.08
CAPEX, bln ₹	0.1401	0.1871	0.4193	0.2123	0.4152	0.7031	0.6022	0.3141	0.3141	0.4494	8.15

	2019Q3	2019Q4	2020Q1	2020Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	Average for 5 quarters	CAGR 5
Revenue, bln ₹									9.77	9.93	10.46	10.5	10.4	10.06	10.92	10.47	11.11	10.9	10.69	1.62
Net profit, bln ₹									1.06	1.25	1.36	1.29	1.46	1.35	1.73	1.57	1.34	1.14	1.43	-3.32
EBIT, bln ₹	1.16	0.8312	0.7593	-0.6342					1.08	1.56	2.1	1.59							1.14	-220.18
EBITDA, bln ₹					1.01	1.03	1.67	1.28	1.58	1.83	2.04	1.88							1.72	7.99
Book value, bln ₹					20.03		21.84		23.75		16.77		18.4		21.47		16.66		19.41	-6.85
Operating profit, bln ₹									1.08	1.56	1.8	1.59	1.79	1.65	2.17	1.92	1.69	1.4	1.77	-3.23
Operating expenses, bln ₹									8.68	8.37	8.66	8.91	8.6	8.4	8.75	8.55	9.41	9.5	8.92	2.49

Cash flow Cash flow quarterly Assets

Balance sheet

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	LTM	Average for 5 years	CAGR 5
Cash, bln ₹			5.57	7.81	10.62	13.28	7.98	10.44	10.44	10.03	5.98
Short-Term Investments ₹					0.294	0.2836	0.124	3.11	3.11	0.9529	80.34
Accounts Receivable ₹	4.26	6.13	6.24	5.34	4.89	5.28	6.35	7.03	7.03	5.78	5.65
Total Current Assets ₹	15.27	18.76	16.57	18.69	21.38	24.37	21.27	26.68	26.68	22.48	7.38
Net assets, bln ₹	3.17	3.09	2.98	3.13	2.89	3.3	3.62		3.62	3.18	3.97
Assets, bln ₹			21.18	23.71	26.52	30.06	27.14	32.48	32.48	27.98	6.50
Liabilities, bln ₹			6.85	6.2	7.41	8.22	10.37	11.01	11.01	8.64	12.17
Debt, bln ₹									0.2675
Interest Income ₹			0.2853	0.2861	0.2237	0.3017	0.4494			0.3092	9.51
Interest Expense, bln ₹			0.0112	0.0366	0.0245	0.035	0.0727	0.0293	0.0293	0.0396	-4.35
Net interest income, bln ₹			0.2741	0.2495	0.1992	0.2645	-0.0727	0.667	0.4494	0.2615	21.73
Cost of production, bln ₹			16.63	17.86	16.38	21.48	24.6	25.96	25.96	21.26	7.77
Inventory ₹	3.34	3.72	4.25	4.46	4.66	5	6.26	5.32	5.32	5.14	3.59

	2019Q3	2020Q1	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	Average for 5 quarters	CAGR 5
Cash, bln ₹			11.87		13.28		14.2		7.98		10.03		10.44		6.23		9.78	-15.19
Short-Term Investments ₹			0.589		0.2836		0.5853		0.124		0.1496		3.11		0.0933		0.8124	-30.74
Accounts Receivable ₹	5.91	5.63	4.51		5.28		5.81		6.41		6.59		7.03		7.47		6.66	5.15
Total Current Assets ₹	18	18.69	22.62		24.37		27.13		21.27		23.26		26.68		20.93		23.85	-5.06
Net assets, bln ₹	3.15	3.13	22.62		24.37		3.44		3.62								11.44	2.95
Assets, bln ₹			28.24		30.06		32.95		27.14		28.98		32.48		27.52		29.81	-3.54
Liabilities, bln ₹			8.21		8.22		9.2		10.37		10.58		11.01		10.87		10.41	3.39
Interest Expense, bln ₹							0.0038	0.0057	0.0578	0.0096	0.0075	0.0077	0.0046	0.0267	0.044	0.0279	0.0222	29.37
Net interest income, bln ₹			-0.0069	-0.0049	0.2822	-0.0054	-0.0038	-0.0057	-0.0578	-0.0096	-0.0075	-0.0077					-0.0177	6.20
Cost of production, bln ₹							6.22	6.05	6.36	6.38	6.22	5.96	7.41	6.02	6.73	6.67	6.56	2.28
Inventory ₹	3.98	4.46	4.92		4.9		5.91		6.26		5.77		5.32		6.38		5.93	1.54

Share

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Average for 5 years	CAGR 5
EPS	178.37	213.72	275.66	296.46	285.99	144.14	241.43	400.37	517.9		517.9	317.97	12.61
Share price		19165.25	20850.8	21347.1	20837.35	25333.1	21945.25	37205.65	30421.15	29185.3	29185.3	28818.09	2.87
Number of shares, mln				11.27	11.27	11.27	11.27	11.27	11.27		11.27	11.27	0.00
FCF/share				187.35	198.68	248.16	228.19	359.74	542.94		542.94	315.54	22.27

	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q3	2025Q1	2025Q2	Average for 5 quarters	CAGR 5
EPS	98.46	74.8	94.3	110.79	120.48	114.7	129.71	120.05	153.44	118.76			127.33	0.70
Share price	22609.78	19948.32	22989.34	23279.11	22661.72	24643.57	29488.99	31116.17			27950.5	29185.3	28476.91	3.44

	Average for 5 quarters	CAGR 5

Efficiency

IFRS

Reporting Annual Quarterly

	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
ROE, %	25.56	18.4	8.5	13.29	23.36	30.51		30.51	13.70	18.81	10.64
ROA, %	17.29	13.59	6.12	9.61	15.77	19.57		19.57	10.60	12.93	7.57
ROS, %	12.15	10.8	6.24	8.16	11.39	13.93	13.93	13.93	11.29	10.73	17.42
ROCE, %	35.43	23.18	10.48	15.61	33.21		26.83	26.83	7.25	21.86	2.97
EBIT margin		13.6	7.69	10.51	14.55		13.76	13.76	5.70	12.02	0.23
EBITDA margin	18.99	16.6	10.92	12.78	16.98		16.06	16.06	17.28	14.67	-0.66
Net margin	12.15	10.8	6.24	8.16	11.39	13.93		13.93	11.29	10.10	5.22
Operational efficiency, %	17.1	13.6	7.69	10.4	13.81	17.23	17.23	17.23	13.85	13.27	17.51

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q2	2025Q3	Industry average	Average for 5 quarters	CAGR 5
ROE, %	3.21		5.08		4.47		7.81		16.61		13.82		8.33				13.70	10.21	13.26
ROA, %	2.27		3.69		3.22		10		10.08		5.62		4.46				10.60	6.68	6.73
ROS, %							12.97	12.31	14.06	13.45	15.83	15.02	12.04	10.44	13.93	13.93	11.29	13.07	-1.50
ROCE, %					4.56		9.78								26.83	26.83	7.25	17.00	55.74
EBIT margin								15.15							13.76	13.76	5.70	14.22	-3.16
EBITDA margin	11.98	12.48	18.03	13.56	16.14	18.39	19.52	17.92							16.06	16.06	17.28	17.59	-2.67
Net margin					10.88	12.57	12.97	12.31	14.06	13.45	15.83	15.02	12.04	10.44			11.29	13.36	-4.94
Operational efficiency, %							17.23	15.15	17.24	16.45	19.84	18.33	15.25	12.85	17.23	17.23	13.85	16.18	-1.23

Coefficients

IFRS

Reporting Annual Quarterly

	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
P/E	74.04	61.06	199.92	82.69	57.47	59.36		59.36	56.19	92.10	-0.56
P/BV	18.92	11.24	16.99	10.3	15.45	16.13		16.13	8.05	14.02	7.49
P/S	8.99	6.59	12.47	6.75	6.55	8.27		8.27	4.70	8.13	4.65
P/FCF					78.59	52.04	52.04	52.04	35.10	60.89	-12.84
E/P					0.0142	0.0183	0.0183	0.0183	0.04	0.0169	8.82
EV/EBIT						53.81	53.81	53.81	16.03	53.81	0.00
EV/EBITDA								46.17	22.86
EV/S					7.83	7.4	7.4	7.4	4.00	7.54	-1.87
EV/FCF						50.67	50.67	50.67	33.47	50.67	0.00
Debt/EBITDA					0.0398	0.0398	0.0398	0.0398	1.40	0.0398	0.00
Netdebt/Ebitda					0	0	0	0	1.04
Debt/Ratio					0.0099	0.0082	0.0082	0.0082	0.11	0.0088	-6.09
Debt/Equity					0.011	0.0738	0.513	0.513	0.81	0.1993	259.95
Debt/Net Income					0.0593	0.0459	0.0459	0.0459	9.16	0.0504	-8.18
PEG							3.24	3.24	-23.11	3.24	0.00
Beta					1.74	1.33	1.19	1.19	2.38	1.42	-11.90
Altman Index					16.46	13.88	13.8	13.8	9.26	14.71	-5.71

	2021Q3	2022Q1	2022Q3	2023Q1	2023Q3	2024Q1	2024Q3	2025Q1	2025Q2	2025Q3	Industry average	Average for 5 quarters	CAGR 5
P/E	436.12	128.41	122.96	107.13	126.69	76.17	84.4				56.19	103.47	-7.25
P/BV	13.98	10.3	11.24	15.45	19.4	16.13	22.94				8.05	17.03	15.34
P/S	33.34	12.75	14.05	12.82	17.12	10.9	11.78				4.70	13.33	-3.46
P/FCF									52.04	52.04	35.10	52.04	0.00
E/P									0.0183	0.0183	0.04	0.0183	0.00
EV/EBIT									53.81	53.81	16.03	53.81	0.00
EV/S									7.4	7.4	4.00	7.40	0.00
EV/FCF									50.67	50.67	33.47	50.67	0.00
Debt/EBITDA									0.0398	0.0398	1.40	0.0398	0.00
Debt/Ratio									0.0082	0.0082	0.11	0.0082	0.00
Debt/Equity									0.513	0.513	0.81	0.5130	0.00
Debt/Net Income									0.0459	0.0459	9.16	0.0459	0.00
PEG									3.24	3.24	-23.11	3.24	0.00
Beta								2.03	0.5882	1.19	2.38	1.27	-16.31
Altman Index								13.8	13.8	13.8	9.26	13.80	0.00

	Industry average	Average for 5 quarters	CAGR 5

Dividends

IFRS

Reporting Annual Quarterly

	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
Div. payout, bln	9.55	1.13			1.13		5.34	-65.60
Dividend	850	100	685		685		545.00	-6.94
Dividend yield, %	3.63	3.33	0.2643		0.2643	0.95	2.41	-58.24
Dividends / profit, %	351.17	211.76	19.31		19.31	28.59	194.08	-61.97
Dividend coverage ratio				5.18	5.18	7.16	5.18	0.00

	2022Q4	2023Q3	2025Q2	2025Q3	Industry average	Average for 5 quarters	CAGR 5
Dividend	85	1				43.00	-89.15
Dividend yield, %	3.65	0.3391			0.95	1.99	-69.52
Dividend coverage ratio			5.18	5.18	7.16	5.18	0.00

	Industry average	Average for 5 quarters	CAGR 5

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Other

IFRS

Reporting Annual

	2020	2021	2022	2023	2024	LTM	CAGR 5
CAPEX/Revenue, %	0.7114	1.59	2.11	1.52	0.7503	0.7503	1.07
Staff, people				1 108	1 108		0.00

	CAGR 5

	CAGR 5