9/28/2020 3M India Share Price, Financials and Stock Analysis

3M India Ltd. 18,384.45

NSE: 3MINDIA  SECTOR: Diversi ed
+162.3 (0.89%)

Price Summary Company

Essentials
TODAY'S HIGH TODAY'S LOW 52 WEEK HIGH 52 WEEK LOW

₹ 18,425 ₹ 18,228 ₹ 25,208.70 ₹ 15,685.60 MARKET CAP ENTERPRISE VALUE NO. OF SHARES

₹ 20,710.21 Cr. 1.13 Cr.

₹ 20,044.44 Cr.

P/E P/B FACE VALUE

FinStar ★★★★★ 219.96 10.18 ₹ 10

DIV. YIELD BOOK VALUE (TTM) CASH

Stable Ownership Expensive Valuation 0% ₹  1,806.33 ₹ 665.77 Cr.
★★★★★ ★★★★★
DEBT PROMOTER HOLDING EPS (TTM)
Ownership strength is slightly The stock is at a premium
missing the benchmark. valuation at this point. ₹ 0 Cr. ₹  83.58
75%
Excellent E ciency Weak Financials
SALES GROWTH ROE ROCE
★★★★★ ★★★★★ -1.56% 11.13 % 16.41 %
The company knows very well the Watch out! The company might
utilization of its assets. not be able to sustain any PROFIT GROWTH
adverse condition. Add Your Ratio
7.92 %

* Total debt includes long term borrowing, short term borrowing plus current
maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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9/28/2020 3M India Share Price, Financials and Stock Analysis

* Prices are based on daily market changes.

* The chart is based on the standalone earnings of the company.

Peer Comparison

COMPANY MCAP (IN CR.) P/B P/E EPS ROE% ROCE% P/S EV/EBITDA

Grasim Industries 47,436.62 1.27 59.36 12.15 3.19 3.85 2.55 27.71

SRF 23,767.90 4.96 31.42 131.60 22.66 16.76 3.71 20.38

3M India 20,710.21 10.18 219.96 83.58 11.13 16.41 7.49 101.28

DCM Shriram 5,727.76 1.37 9.68 37.96 19.42 18.97 0.75 6.55

Birla Corporation 4,945.67 1.39 20.47 31.38 9.11 11.60 1.04 9.73

Century Textile &Ind 3,737.34 1.05 10.30 32.50 13.09 9.52 1.09 9.11

Prism Johnson 2,906.88 2.71 0 -1.22 4.98 12.27 0.52 10.70

Balmer Lawrie & Co 1,735.69 1.32 12.16 8.35 13.03 17.51 1.13 5.40

View Full Peer Comparison

* The Peers list includes companies operating in the same industry and having comparable market cap.

Sales Growth (in Cr.) Pro t Growth (in Cr.) ROE% ROCE %

1 YEAR 3 YEAR 5 YEAR 1 YEAR 3 YEAR 5 YEAR

1 YEAR 3 YEAR 5 YEAR 1 YEAR 3 YEAR 5 YEAR 11.13% 17.54% 19.21% 16.41% 26.73% 29.39%
-1.56% 5.38% 8.48% -32.2% -3.11% 15.11%

Debt/Equity Price to Cash Flow Interest Cover CFO/PAT (5 Yr. Avg.)

Ratio
0
94.86 89.73 0.95

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9/28/2020 3M India Share Price, Financials and Stock Analysis

Share Holding Pattern Promoter Pledging %

DATE PROMOTER % PLEDGE %

Mar 2020 75 0

Dec 2019 75 0

Sep 2019 75 0

Jun 2019 75 0

Mar 2019 75 0

* Figures given above are % of equity capital

  Strengths   Limitations
• Company has a healthy Interest coverage ratio of 89.73.
• The company has shown a poor pro t growth of -3.11%
• The company has an e cient Cash Conversion Cycle of
for the Past 3 years.
70.08 days.
• The company has shown a poor revenue growth of
• Company has a healthy liquidity position with current
5.38% for the Past 3 years.
ratio of 3.17.
• Company has contingent liabilities of 476.65 Cr.
• The company has a good cash ow management;
CFO/PAT stands at 0.95.
• The company is trading at a high PE of 219.96.

Quarterly Result (All Figures in Cr.)

PARTICULARS JUN 2019 SEP 2019 DEC 2019 MAR 2020 JUN 2020

Net Sales 742 701.58 694.09 627.21 319.52

Total Expenditure 601.19 582.66 601.39 638.56 365.44

Operating Profit 140.81 118.91 92.70 -11.35 -45.93

Other Income 5.64 9.77 13.46 11.46 7.08

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9/28/2020 3M India Share Price, Financials and Stock Analysis

PARTICULARS JUN 2019 SEP 2019 DEC 2019 MAR 2020 JUN 2020

Interest 0.84 0.77 1.11 0.89 0.83

Depreciation 14.47 13.32 14.24 15.35 14.50

Exceptional Items 0 0 0 0 0

Profit Before Tax 131.13 114.59 90.81 -16.13 -54.17

Tax 46.23 22.44 23.06 9.70 -14.26

Profit A er Tax 84.90 92.15 67.75 -25.83 -39.92

Adjusted EPS (Rs) 7.54 8.18 6.01 -2.29 -3.54

Pro t & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS MAR 2016 MAR 2017 MAR 2018 MAR 2019 MAR 2020

Net Sales 2,139.60 2,362.98 2,556.14 2,808.76 2,764.88

Total Expenditure 1,803.15 1,994.20 2,076.33 2,301.16 2,425.07

Operating Profit 336.45 368.77 479.81 507.60 339.81

Other Income 17.83 49.47 43.62 32.83 41.58

Interest 2.25 2.27 1.94 1.09 3.61

Depreciation 48.93 46.75 41.80 41.88 57.38

Exceptional Items 0 0 0 0 0

Profit Before Tax 303.10 369.22 479.68 497.46 320.40

Tax 108.34 128.46 169.15 174.47 101.43

Net Profit 194.76 240.76 310.54 322.99 218.97

Adjusted EPS (Rs.) 172.89 213.72 275.66 286.72 194.38

Balance Sheet (All Figures are in Crores.)

PARTICULARS MAR 2016 MAR 2017 MAR 2018 MAR 2019 MAR 2020

Equity and Liabilities

Share Capital 11.27 11.27 11.27 11.27 11.27

Total Reserves 976.81 1,215.13 1,525.40 1,848.27 2,063.50

Borrowings 5.72 4.62 4.88 7.45 0

Other N/C liabilities 6.12 14.11 10.33 2.98 29.72

Current liabilities 420.51 678.61 572.13 600.25 532.11

Total Liabilities 1,420.43 1,923.73 2,124 2,470.21 2,636.59

Assets

Net Block 349.22 315.16 285.22 269.48 286.65

Capital WIP 1.21 2.43 5.75 10.19 6.64

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9/28/2020 3M India Share Price, Financials and Stock Analysis

PARTICULARS MAR 2016 MAR 2017 MAR 2018 MAR 2019 MAR 2020

Investments 0 0 0 584.70 504.80

Loans & Advances 48.05 78.96 91.16 115.88 150.86

Other N/C Assets 0 0 0 0 0

Current Assets 1,021.96 1,527.18 1,741.87 1,489.96 1,687.65

Total Assets 1,420.43 1,923.73 2,124 2,470.21 2,636.59

* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS MAR 2016 MAR 2017 MAR 2018 MAR 2019 MAR 2020

Profit Before Tax 303.10 369.22 479.68 497.46 320.40

Adjustment 60.11 9.54 10.01 16.52 118.85

Working Capital Changes 21.25 107.53 -265.93 -47.44 -97.41

Tax Paid -123.56 -121.36 -194.34 -199.23 -123.51

Operating Cash Flow 260.90 364.93 29.42 267.32 218.33

Investing Cash Flow 1.39 12.01 17.99 -589.83 1.42

Financing Cash Flow -5.33 -3.65 -2.26 3.59 -24.37

Net Cash Flow 256.97 373.28 45.15 -318.92 195.38

Corporate Actions Dividend Bonus Rights Split

 Looks like the company has not paid dividend in the recent past. Report us

Annual Reports Ratings & Research Reports Company Presentations

• Annual Report 2018 • Concall Q4FY19

• Annual Report 2019 • Credit Report By: CRISIL
• Annual Report 2020 • Research HDFC Securities

Company News

22 Sep, 10:38AM 3M India informs about closure of trading window

14 Aug, 12:17PM 3M India informs about issue of duplicate share certi cate
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9/28/2020 3M India Share Price, Financials and Stock Analysis

4 Aug, 11:01AM 3M India to discontinue Automotive Graphics Business

20 Jul, 2:18PM 3M India closes two plants for two days

20 Jul, 10:35AM 3M India informs about closing of its plant

3M India Stock Price Analysis and Quick Research Report. Is 3M India an attractive stock to invest in?

Stock investing requires careful analysis of nancial data to nd out the company's true net worth. This is generally done by
examining the company's pro t and loss account, balance sheet and cash ow statement. This can be time-consuming and
cumbersome. An easier way to nd out about a company's performance is to look at its nancial ratios, which can help to
make sense of the overwhelming amount of information that can be found in a company's nancial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for
a share. A general rule of thumb is that shares trading at a LOW P/E are undervalued (it depends on other factors too).
3M India has a PE ratio of 219.96 which is high and comparatively overvalued .

Return on Assets (ROA): - Return on Assets measures how e ectively a company can earn a return on its investment in
assets. In other words, ROA shows how e ciently a company can convert the money used to purchase assets into net
income or pro ts. 3M India has ROA of 8.58 % which is a bad sign for future performance. (higher values are always
desirable)

Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets.
A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy.
3M India has a Current ratio of 3.17 .

Return on equity: - ROE measures the ability of a rm to generate pro ts from its shareholders investments in the
company. In other words, the return on equity ratio shows how much pro t each rupee of common stockholders’ equity
generates. 3M India has a ROE of 11.13 % .(higher is better)

Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. 3M India has a
D/E ratio of 0 which means that the company has low proportion of debt in its capital.

Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a
company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period
of time. 3M India has an Inventory turnover ratio of 7.00 which shows that the management is ine cient in relation to its
Inventory and working capital management.

Sales growth: - 3M India has reported revenue growth of -1.56 % which is poor in relation to its growth and performance.

Operating Margin: - This will tell you about the operational e ciency of the company. The operating margin of 3M India
for the current nancial year is 12.29 %.

Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year
dividend for 3M India is Rs 0 and the yield is 0 %.

Brief about 3M India

3M is fundamentally a science-based company. They produce thousands of imaginative products,  and we''re a leader in scores of markets - from
health care and highway safety to o ce products and abrasives and adhesives. Their success begins with their ability to apply their technologies -
often in combination - to an endless array of real-world customer needs. All of this is made possible by the people of 3M and their singular
commitment to make life easier and better for people around the world. The perfect match between India’s multifaceted customer pro le and 3M’s
diverse range of products o ering proven customers bene ts led to 3M India being born in 1988 as Birla 3M. The name of the company was
subsequently changed to 3M India in December 2002.

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9/28/2020 3M India Share Price, Financials and Stock Analysis

The 3M technology solutions expertise has been tried and tested for performance,  safety,  value  and productivity in markets that include
Aerospace,  Railways,  Highways,  Defense,  Security,  Mining,  Health,  Oil & Gas,  Telecom and Marine in India and across the globe. 3M''s wide
product portfolio is backed by the guarantee of innovation and performance that has made 3M popular with millions all over the world. Today,  3M
has over a 100 year track record of being one of the most innovative corporations worldwide. Fact is,  half the world''s population today enjoys
experiencing at least one of 3M''s 50, 000 products,  either directly or indirectly,  every day. 3M in India has manufacturing facilities at Bangalore, 
Ahmedabad,  Pune & Pondicherry with more than 1600 employees.

3M Businesses

Consumer and O ce Business - Supplies an array of products that keep homes cleaner,  o ces organized and buildings well-maintained,  we''re
home to some of the world''s best-known brands,  including Scotch,  Post-it,  Scotch-Brite and Scotchgard. They have created many product
categories and are a leader in the markets they serve.

Display and Graphics Business - They are a world leader in lms that brighten the displays on electronic products,  such as at-panel computer
monitors,  cellular phones,  personal digital assistants and liquid crystal display (LCD) televisions. They''re also a leader in touch screens and touch
monitors; optical components used in projection televisions; re ective sheeting for transportation safety; materials and systems for producing high-
performance,  attention-getting graphic images.

Electro and Communications Business - They''re a leading supplier of innovative solutions to the electrical,  electronics and communications
industries. Their products enable the e cient transmission of electrical power and speed the delivery of information and ideas.

Health Care Business - 3M Health Care is a global leader in medical and oral care products,  and drug delivery and health information systems. They
supply innovative and reliable products that help health care professionals improve the quality of care.

Industrial and Transportation Business - They strive to understand the diverse market segments - construction,  food and beverage,  metal
fabrication,  oil and gas,  woodworking and more - that make up the industrial marketplace. They then use that knowledge to provide innovative
products and other solutions that make industrial customers more competitive.

Safety,  Security and Protection Services Business - They''re a leader in several large and fast-growing markets,  including personal safety,  security
and facilities protection. Their major products include personal protection product components,  laminates that are used to help prevent
counterfeiting of documents,  re ective materials for personal safety,  window lms,  cleaning and protection products for commercial
establishments,  roo ng granules for asphalt shingles,  and re protection products that help protect against the spread of re,  smoke and toxic
fumes.

Milestones:

1987

Jun - 3M and Birlas become Partners

1988

Nov - Foundation laid for Manufacturing Facility at Electronics City,  Bangalore 

1990

Feb - Inauguration of Customer Tech Centre,  Bangalore,  by Allen F. Jacobson,  CEO,  3M,  St.Paul
Apr - Production of UY connectors
Jun - First Shipment of MS2 Connectors
Jul - Commencement of Scotch-Brite Conversion
Sep - First Shipment of rst Automotive Stripings
Oct - Installation of Tape Coater

 1991

Jan - Production of Box Sealing Tape Manufacturing of rst batch of Light Water

  1992

Oct - First Shareholder''s Meeting

 1993

Jul - Self-Certi cation Approval for Telecom Connectors.

Jul - 3M increases equity holding to 51%.
Jul - Warehousing Operation at Delhi.
Nov - Warehousing Operations at Mumbai 

1994

Jan - Opening of Chennai Customer Sales Centre 

Apr - Opening of Calcutta Customer Sales Centre 
Dec - Opening of Bangalore Customer Sales Centre 

1995

Feb - AS-400 Installed- E-mail and IFS2 Implemented

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9/28/2020 3M India Share Price, Financials and Stock Analysis

Apr - ISO-9002 Certi cation 

Nov - New Warehouse,  Bangalore

1996

 Feb - Inauguration of Graphics Production Centre - New Warehouse,  Mumbai

Mar - Printed Post-it Notes
Dec - Opening of Second Customer Sales Centre in Bangalore

1997

 Jan - Industrial land acquisition at Ranjangoon,  Pune

May - Mumbai Customer Sales Centre Expansion
Jul - Chennai Warehouse

1998

Jan - Expansion of Bangalore Customer Sales Center-1

Apr - 3M Increases equity holding to 76%
Jul - Opening of new Delhi Customer Sales Centre with expanded facilities
Aug - Inauguration of Innovation Center,  Electronics City,  Bangalore 

2000

Jun - Acquisition of Auto Striping India Pvt. Ltd.

Jul - Inauguration of Centralized Corporate O ce  

2002

Dec - Company name changed to 3M India Limited from Birla 3M Limited.

2004

Aug - Inauguration of Manufacturing Facility for Corrosion Protection Products in Ahmadabad 

2006

Dec - Acquisition of Mahindra Engineering & Chemical Products Limited.

2007

Apr - Moved to a brand new Corporate O ce at UB City in Bangalore

Sep - Expansion of our Bangalore & Ahmedabad Plants
Oct - Acquisition of Macroworx Media Pvt Ltd 

2008

Jun - 3M completes 20 years of operation in India

Oct - 3M India''s 5th Manufacturing facility at Ranjangaon begins commercial operations  

2009

Jul - Phase 2 of 3M India''s Corrosion Protection Manufacturing Facility at Ahmadabad inaugurated.

2010

3M India made its rst foray into the retail space in India with the launch of the 3M Car Care Centre initiative.
Filed 13 patents & launched over 23 new product innovations for the India market.

2011

3M India''s biggest Distribution Centre inaugurated at Electronics City,  Bangalore to meet 2015 growth needs.
Expanded regional presence with 4 branch o ces in Kolkata,  Chennai,  Pune & Gurgaon respectively.
Inaugurated two state-of-the-art Innovation Centres at Bangalore and Gurgaon to focus on local product innovations.Filed 14 patents.
Ranked 4th in the prestigious Indian Council of Market Research ( ICMR) list of ''Most Innovative Brands'' in India.

2012

3M Wins 2012 Manufacturing Leadership 100 Award for Innovative Enterprise

3M''s Renewable Energy Division and Gossamer Space Frames unveiled the world’s largest aperture trough using 3M™ Solar Mirror Film 1100
for concentrated solar power.

2013   

3M topped $30 billion in sales around the globe. 

2014

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9/28/2020 3M India Share Price, Financials and Stock Analysis

In May 2014 3M reached an innovation milestone with the issuance of 52 patents,  moving the company’s total number of patents past the
100, 000 mark.
8KMiles acquires SERJ solution.
EzIAM – An enterprise grade IDaaS availability announcement was made at the AWS Summit- prweb.    
3M scientists and researchers earned the company its 100, 000th patent.                    

2015, 

3M has been named to the Dow Jones Sustainability Index for 16 consecutive years.
3M opened a state-of-the-art,  $150-million research and development laboratory on its Minnesota
campus.                                                                                            
                                   

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