3M India (3MINDIA) had a P/E of 57.0× on 6 Nov 2026, above the industry P/E of 14.8×, and the shares are 28% below their 52-week high. Sales and net profit grew 8.7% and 5.0% a year over 3 years; its ROCE of 48% is the highest among the 7 largest Conglomerates peers. It carries very little debt, and its dividend yield is 0.6%. It is a small-cap company with a market cap of ₹31,058 Cr, ranked 4th of 52 Conglomerates companies by market cap; the shares fell 18% over the past year.
- ₹29,325.00
- ₹29,500.00
- ₹26,410.00
- ₹29,325.00
- 45.3K
Health check
- ReturnsBehind
−18.3% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 57.0 vs industry 14.8.
- GrowthSteady
Sales +8.7%, profit +5.0% a year over 3 years.
- ProfitabilityStrong
ROCE 47.5% vs peer median 12.3%.
- Balance sheetSolid
Debt 0.10× equity, interest covered 21.7×, Piotroski 6 of 9.
- Red flags1 to check
P/E of 57.0 against an industry P/E of 14.8.
Small cap
Defensive
Key metrics
- Market cap
- ₹31,058 Cr
- Small cap
- P/E
- 57.0
- Industry 14.8
- Price to book
- 17.57
- Peers 4.76
- Dividend yield
- 0.58%
- ROE
- 28.9%
- Peers 11.6%
- ROCE
- 47.5%
- Peers 12.3%
- Debt to equity
- 0.10
- Debt ₹170 Cr
- EPS (TTM)
- ₹483.66
- Face value ₹10
- OPM (TTM)
- 17.2%
- Net margin 10.9%
- Sales growth
- +19.0%
- Latest quarter vs a year ago
- Profit growth
- +31.2%
- Latest quarter vs a year ago
- Price to sales
- 5.84
- EV/EBITDA 30.5
Strengths and risks
Strengths
- Return on equity of 28.9%.
- Return on capital employed of 47.5%.
- Practically debt-free.
- Quarterly profit up 31.2% on a year ago.
- Quarterly sales up 19.0% on a year ago.
Risks to check
- P/E of 57.0 against an industry P/E of 14.8.
About 3M India
3M India Limited manufactures and trades in various products in India and internationally. It operates in four segments: Safety & Industrial; Transportation & Electronics; Health Care; and Consumer. The company offers vinyl, polyester, foil, and specialty industrial tapes and adhesives, such as masking, filament, and packaging tapes; functional and decorative graphics; abrasion-resistant films; and other specialty materials. In addition, the company…
- Headquarters
- Bengaluru
- Employees
- 1,273
- Sector
- Industrials
- ISIN
- INE470A01017
- Website
- 3mindia.in
Price range
- Avg volume (3M)
- 5K
- 1-year return
- minus 18.3%
- From 52-week high
- minus 27.5%
Peers · Conglomerates
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SRFSRF | 2,460.40 | minus 0.99% | 72,928 | 31.9 | 21.2 | 14.5% | 24.2% | 0.35 | 1.8% | minus 15.5% |
| TIINDIATube Investments of India | 2,170.00 | minus 5.65% | 42,005 | 62.9 | 16.6 | 12.8% | 9.9% | 0.05 | 15.5% | minus 23.1% |
| GODREJINDGodrej Industries | 955.85 | minus 2.40% | 32,198 | 27.4 | 32.4 | 12.3% | 10.4% | 2.22 | 9.8% | minus 11.6% |
| 3MINDIA3M India | 27,570.00 | minus 5.98% | 31,058 | 57.0 | 29.9 | 47.5% | 18.4% | 0.10 | 8.7% | minus 18.3% |
| THERMAXThermax | 2,746.30 | minus 17.27% | 30,937 | 52.6 | 26.6 | 15.3% | 12.4% | 0.42 | 9.8% | plus 1.5% |
| BEMLBEML | 1,953.20 | minus 1.89% | 16,268 | 28.0 | 55.7 | 5.9% | 7.3% | 0.11 | 3.0% | minus 7.4% |
| NAVANava | 529.15 | minus 0.99% | 14,991 | 19.8 | 7.9 | 11.1% | 38.4% | 0.21 | 6.8% | minus 12.1% |
| DCMSHRIRAMDCM Shriram | 898.60 | minus 1.01% | 13,917 | 10.7 | 9.5 | 11.1% | 10.5% | 0.24 | 5.4% | minus 27.3% |
| Median of 7 peers | – | −1.89% | 30,937 | 28.0 | 21.2 | 12.3% | 10.5% | 0.24 | 6.8% | −12.1% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1,198 | 1,196 | 1,228 | 1,399 | 1,423 | |
| – | – | – | +16.8% | +19.0% | |
| 971 | 954 | 1,062 | 1,142 | 1,185 | |
| 227 | 242 | 166 | 257 | 238 | |
| 18.9% | 20.2% | 13.5% | 18.4% | 16.7% | |
| 13.5 | 15 | 74.6 | 12 | 11.6 | |
| 1.3 | 2.1 | 35.1 | 4 | 4 | |
| 13.7 | 15.2 | 15.9 | 16.6 | 16.7 | |
| – | – | −74.6 | 40.2 | 73.1 | |
| 225 | 239 | 115 | 289 | 302 | |
| 68.3% | 25.8% | 154.1% | 25.5% | 22.9% | |
| 71.4 | 178 | −62.1 | 215 | 233 | |
| – | – | – | +201.7% | +31.2% | |
| 63.36 | 157.73 | -55.09 | 191.16 | 206.90 |
Profit & loss
- Sales CAGR 3Y
- +8.7%
- Profit CAGR 3Y
- +5.0%
- EPS CAGR 3Y
- +5.0%
- ROE
- 28.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3,957 | 4,187 | 4,443 | 5,087 | |
| – | +5.8% | +6.1% | +14.5% | |
| 3,324 | 3,413 | 3,661 | 4,069 | |
| 634 | 774 | 782 | 1,018 | |
| 16.0% | 18.5% | 17.6% | 20.0% | |
| 31.1 | 69.2 | 60 | 15.2 | |
| 7 | 2.9 | 10.8 | 43.1 | |
| 57.7 | 52.9 | 55.3 | 62.6 | |
| 7.4 | −6.5 | −2 | −33.6 | |
| 607 | 781 | 773 | 894 | |
| 25.8% | 25.3% | 38.4% | 41.6% | |
| 451 | 583 | 476 | 522 | |
| – | +29.4% | minus 18.4% | +9.7% | |
| 400.37 | 517.90 | 422.60 | 463.66 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.3 | 11.3 | 11.3 | 11.3 | |
| 1,666 | 2,136 | 1,835 | 1,757 | |
| 26.7 | 18.2 | 99.5 | 170 | |
| 1,010 | 1,083 | 1,069 | 1,199 | |
| 2,714 | 3,248 | 3,015 | 3,137 | |
| 364 | 347 | 428 | 508 | |
| 26.6 | 14.8 | 11.5 | 24.4 | |
| 5.7 | 9.4 | 6.9 | 10.1 | |
| 798 | 1,355 | 933 | 812 | |
| 1,520 | 1,522 | 1,635 | 1,783 | |
| 2,714 | 3,248 | 3,015 | 3,137 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 465 | 643 | 355 | 514 | |
| −15.5 | −269 | 322 | −11.5 | |
| −980 | −128 | −789 | −623 | |
| −530 | 246 | −112 | −121 | |
| −60.2 | −31.4 | −55.4 | −58.3 | |
| 405 | 612 | 300 | 455 | |
| −955 | −113 | −772 | −603 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 9.8% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.