3M India Limited (3MINDIA) AI Stock Analysis

3M India Limited

(NSE:3MINDIA)

Select Model

Rating:69Neutral

Price Target:INR 31,742.00▲(9.32% Upside)

Action:reiterated

Date:08/26/26

The stock’s above-average score is driven primarily by strong financial performance, including healthy growth, robust profitability, solid cash generation, and a low-risk balance sheet. Technical indicators currently show weak momentum and a short-term downtrend, while the elevated valuation constrains the score by implying limited margin of safety at current prices.

Positive Factors

Steady Revenue ExpansionSustained revenue expansion across several years indicates broadening demand and increasing commercial reach rather than reliance on a single period. Continued growth gives 3M India greater operating scale, supports investment in its diversified product portfolio, and strengthens its ability to compound earnings.

Negative Factors

Margin VolatilityAlthough current profitability is solid, meaningful year-to-year margin swings indicate that mix, pricing, or cost conditions can materially influence earnings. This variability makes future profit conversion less predictable and may reduce the durability of reported margins if operating conditions become less favorable.

3M India Limited (3MINDIA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 326.57B
Dividend Yield: 0.55%
Average Volume (3M): 831
Price to Earnings (P/E): 56.5
Beta (1Y): 0.73
Revenue Growth: 15.71%
EPS Growth: 16.33%
Country: India
Employees: 1,033
Sector: General
Sector Strength: 55
Industry: Conglomerates

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, an...

How the Company Makes Money

3M India makes money primarily by selling 3M-branded products and solutions to customers across India through multiple business segments. Revenue is generated from (a) business-to-business sales to industrial and commercial customers—such as manufact...

3M India Limited Financial Statement Overview

Summary

Strong revenue growth, solid operating and net margins, consistently positive free cash flow, and a very conservative balance sheet support a high score, tempered slightly by recent margin volatility and a modest uptick in debt.

Income Statement

82Very Positive

Balance Sheet

90Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	53.17B	50.90B	44.43B	41.87B	39.57B	33.34B
Gross Profit	17.64B	16.12B	16.97B	15.91B	14.29B	11.86B
EBITDA	9.81B	10.00B	8.39B	8.37B	6.72B	4.26B
Net Income	5.78B	5.22B	4.76B	5.83B	4.51B	2.72B
Balance Sheet
Total Assets	0	31.37B	30.15B	32.48B	27.14B	30.06B
Cash, Cash Equivalents and Short-Term Investments	8.12B	8.18B	9.37B	13.55B	8.11B	13.28B
Total Debt	0	1.70B	995.35M	181.78M	267.47M	245.75M
Total Liabilities	-17.68B	13.69B	11.68B	11.01B	10.37B	8.22B
Stockholders Equity	17.68B	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

Technical Analysis SentimentNegative

Last Price29035.00

Price Trends

50DMA31991.24Negative

100DMA33128.25Negative

200DMA33020.53Negative

Market Momentum

MACD-960.85Positive

RSI33.11Neutral

STOCH18.08Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:3MINDIA, the sentiment is Negative. The current price of 29035.00 is below the 20-day moving average (MA) of 29987.41, below the 50-day MA of 31991.24, and below the 200-day MA of 33020.53, indicating a bearish trend. The MACD of -960.85 indicates Positive momentum. The RSI at 33.11 is Neutral, neither overbought nor oversold. The STOCH value of 18.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:3MINDIA.

3M India Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:3MINDIA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BALMLAWRIE	78Outperform	INR 26.58B	9.52	―	5.47%	8.87%	2.96%
IN:3MINDIA	69Neutral	INR 326.56B	56.53	―	0.55%	15.71%	16.33%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:BEML	55Neutral	INR 165.53B	92.80	―	0.86%	12.78%	-40.29%
IN:TIINDIA	51Neutral	INR 410.37B	67.62	―	0.16%	17.62%	-6.11%
IN:CARBORUNIV	49Neutral	INR 196.48B	93.53	―	0.39%	10.14%	-13.46%
IN:GODREJIND	40Underperform	INR 304.92B	25.93	―	―	16.89%	16.60%

* General Sector Average

Performance Comparison

IN:3MINDIA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:3MINDIA	3M India Limited	28988.30	-6357.07	-17.99%
IN:BALMLAWRIE	Balmer Lawrie & Co. Ltd.	155.45	-36.24	-18.91%
IN:BEML	BEML Limited	1987.40	-137.08	-6.45%
IN:CARBORUNIV	Carborundum Universal Limited	1031.35	139.92	15.70%
IN:GODREJIND	Godrej Industries Limited	905.20	-201.15	-18.18%
IN:TIINDIA	Tube Investments of India Limited	2120.00	-866.74	-29.02%

3M India Limited Corporate Events

3M India Discloses Unsolicited ESG Rating of 77 from CFC Finlease

Oct 6, 2026

3M India Limited has disclosed that independent firm CFC Finlease Private Limited has assigned it an Environmental, Social and Governance rating of 77, which the rater classifies in the “Very Good” B+ category. The ESG assessment was prep...

3M India Receives Strong Independent ESG Rating from Crisil

Sep 12, 2026

3M India Limited, a diversified industrial and consumer products company that brings global 3M technologies to the Indian market, operates across electronics, safety, healthcare, and other innovation-led segments. Listed on Indian stock exchanges, it...

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.

Date of analysis: Aug 26, 2026

3M India Limited AI Stock Analysis