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3M India Limited
(3MINDIA)
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Rating:67Neutral
Price Target:
₹36,503.00
▲(4.19% Upside)
Action:Reiterated
Date:05/26/26
The score is primarily supported by strong underlying financial performance (growth, profitability, low leverage, and solid free cash flow). This is tempered by mixed technical signals (negative MACD despite acceptable RSI) and weak valuation signals due to a negative P/E and a low dividend yield.
Positive Factors
Sustained Revenue Growth
Multi-year revenue expansion more than doubles scale since FY2021 and accelerating growth in FY2026 indicates durable market penetration across industrial, healthcare, and consumer channels. A product-led consumables model supports repeat demand and a steady revenue base over the medium term.
Negative Factors
Margin Volatility
Historical swings in gross and net margins imply sensitivity to product mix, pricing, or input-costs that can materially move profitability. For investors this raises forecasting risk and suggests management must manage mix and costs to sustain margin levels over cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Multi-year revenue expansion more than doubles scale since FY2021 and accelerating growth in FY2026 indicates durable market penetration across industrial, healthcare, and consumer channels. A product-led consumables model supports repeat demand and a steady revenue base over the medium term.
Read all positive factors
3M India Limited (3MINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹385.46B
Dividend Yield0.46%
Average Volume (3M)187.00
Price to Earnings (P/E)74.9
Beta (1Y)0.67
Revenue Growth14.49%
EPS Growth9.71%
CountryIN
Employees1,033
SectorGeneral
Sector StrengthN/A
IndustryConglomerates
Share Statistics
EPS (TTM)491.93
Shares Outstanding11,265,070
10 Day Avg. Volume116
30 Day Avg. Volume187
Financial Highlights & Ratios
PEG Ratio6.69
Price to Book (P/B)22.86
Price to Sales (P/S)7.94
P/FCF Ratio80.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)659.9
Revenue Forecast (FY)₹55.94B
3M India Limited Business Overview & Revenue Model
Company Description
3M India Limited is a prominent manufacturer and trader, supplying an extensive array of products across various Indian industries, including healthcare, manufacturing, automotive, safety, electronics, energy, commercial solutions, transportation,...
How the Company Makes Money
3M India Limited primarily makes money by selling 3M-branded products and solutions in India to business and institutional customers, as well as to consumers through retail and distribution channels. Its revenue model is product-led: it generates ...
3M India Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
85
Very Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.48B | 50.90B | 44.43B | 41.87B | 39.57B | 33.34B |
| Gross Profit | 17.58B | 16.12B | 16.97B | 15.91B | 14.29B | 11.86B |
| EBITDA | 9.36B | 10.00B | 8.39B | 8.37B | 6.72B | 4.26B |
| Net Income | 5.54B | 5.22B | 4.76B | 5.83B | 4.51B | 2.72B |
Balance Sheet | ||||||
| Total Assets | 26.58B | 31.37B | 30.15B | 32.48B | 27.14B | 30.06B |
| Cash, Cash Equivalents and Short-Term Investments | 6.19B | 8.18B | 9.37B | 13.55B | 8.11B | 13.28B |
| Total Debt | 1.03B | 1.70B | 995.35M | 181.78M | 267.47M | 245.75M |
| Total Liabilities | 10.48B | 13.69B | 11.68B | 11.01B | 10.37B | 8.22B |
| Stockholders Equity | 16.10B | 17.68B | 18.46B | 21.47B | 16.77B | 21.84B |
Cash Flow | ||||||
| Free Cash Flow | 2.66B | 5.01B | 3.69B | 6.12B | 4.05B | 2.57B |
| Operating Cash Flow | 2.82B | 5.59B | 4.24B | 6.43B | 4.65B | 3.27B |
| Investing Cash Flow | 116.34M | -569.70M | 2.53B | -2.69B | -154.69M | -407.31M |
| Financing Cash Flow | -6.13B | -6.23B | -7.89B | -1.28B | -9.80B | -211.94M |
3M India Limited Technical Analysis
Positive
35036.10
Price Trends
32724.01
Positive
33081.73
Positive
33145.05
Positive
Market Momentum
645.95
Negative
62.40
Neutral
81.45
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:3MINDIA, the sentiment is Positive. The current price of 35036.1 is above the 20-day moving average (MA) of 33387.93, above the 50-day MA of 32724.01, and above the 200-day MA of 33145.05, indicating a bullish trend. The MACD of 645.95 indicates Negative momentum. The RSI at 62.40 is Neutral, neither overbought nor oversold. The STOCH value of 81.45 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:3MINDIA.
3M India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹29.95B | 10.92 | ― | 4.74% | 8.00% | 4.05% | |
67 Neutral | ₹385.46B | 74.94 | ― | 0.46% | 14.49% | 9.71% | |
58 Neutral | ₹205.82B | 106.32 | ― | 0.47% | 6.38% | -33.56% | |
58 Neutral | ₹561.46B | 88.58 | ― | 0.13% | 17.38% | -5.27% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹147.85B | 195.91 | ― | 0.29% | 8.16% | -51.67% | |
54 Neutral | ₹409.72B | 33.10 | ― | ― | 13.12% | 26.38% |
* General Sector Average
IN:3MINDIA
3M India Limited
34,759.10
5,533.11
18.93%
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IN:GODREJIND
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0.74%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.