Want to see IN:3MINDIA full AI Analyst Report?
Top Page
3M India Limited
(3MINDIA)
Select Model
Select Model
Rating:59Neutral
Price Target:
₹31,363.00
▼(-11.36% Downside)
Action:Reiterated
Date:08/26/26
The score is supported primarily by strong underlying financial performance (steady growth, solid margins, low leverage, and healthy free cash flow). This is tempered by weak technical momentum and a stretched valuation (high P/E and low dividend yield), which reduces near-term attractiveness despite the solid fundamentals.
Positive Factors
Sustained Revenue Expansion
Multi-year revenue expansion indicates broadening demand for 3M India’s products across its industrial, healthcare, safety, transportation, electronics and consumer markets. Continued top-line growth can support operating scale, reinvestment and stronger competitive positioning over the next several quarters.
Negative Factors
Margin Volatility
Although current profitability is solid, recurring margin swings indicate that product mix, pricing or cost conditions can materially affect earnings. This reduces predictability of operating performance and may constrain confidence that current EBIT and net margins will be sustained over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Expansion
Multi-year revenue expansion indicates broadening demand for 3M India’s products across its industrial, healthcare, safety, transportation, electronics and consumer markets. Continued top-line growth can support operating scale, reinvestment and stronger competitive positioning over the next several quarters.
Read all positive factors
3M India Limited (3MINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹341.41B
Dividend Yield0.52%
Average Volume (3M)874.00
Price to Earnings (P/E)60.0
Beta (1Y)0.73
Revenue Growth15.71%
EPS Growth16.33%
CountryIN
Employees1,033
SectorGeneral
Sector StrengthN/A
IndustryConglomerates
Share Statistics
EPS (TTM)512.82
Shares Outstanding11,265,070
10 Day Avg. Volume376
30 Day Avg. Volume874
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)691.4
Revenue Forecast (FY)₹57.76B
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 makes money primarily by selling branded 3M products and solutions to business customers, institutions, and consumers in India. Revenue is generated through multiple product categories that align to end-markets such as industrial/manufact...
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 | 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 | 0.00 | 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 | 0.00 | 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
Negative
35382.55
Price Trends
33527.44
Negative
33434.07
Negative
33342.39
Negative
Market Momentum
-915.46
Positive
34.25
Neutral
8.03
Positive
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 35382.55 is above the 20-day moving average (MA) of 32289.95, above the 50-day MA of 33527.44, and above the 200-day MA of 33342.39, indicating a bearish trend. The MACD of -915.46 indicates Positive momentum. The RSI at 34.25 is Neutral, neither overbought nor oversold. The STOCH value of 8.03 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹26.89B | 9.64 | ― | 5.39% | 8.87% | 2.96% | |
60 Neutral | ₹227.54B | 107.90 | ― | 0.34% | 10.14% | -13.46% | |
59 Neutral | ₹341.41B | 60.05 | ― | 0.52% | 15.71% | 16.33% | |
59 Neutral | ₹162.46B | 92.26 | ― | 0.86% | 12.78% | -40.29% | |
58 Neutral | ₹429.15B | 70.01 | ― | 0.16% | 17.62% | -6.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | ₹331.51B | 28.60 | ― | 0.26% | 16.89% | 16.60% |
* General Sector Average
IN:3MINDIA
3M India Limited
30,823.40
2,178.05
7.60%
IN:BALMLAWRIE
Balmer Lawrie & Co. Ltd.
157.75
-34.18
-17.81%
IN:BEML
BEML Limited
1,977.20
-182.67
-8.46%
IN:CARBORUNIV
Carborundum Universal Limited
1,185.10
275.00
30.22%
IN:GODREJIND
Godrej Industries Limited
998.35
-63.90
-6.02%
IN:TIINDIA
Tube Investments of India Limited
2,200.00
-895.34
-28.93%
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 p...
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,...
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.