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Indian listed subsidiary of US-based 3M, selling industrial, safety, healthcare and consumer products.
Indian listed subsidiary of US-based 3M, selling industrial, safety, healthcare and consumer products.
Sells products developed by its US parent, which owns the majority and whose technology and brands it uses; sales go through distributors and direct to large industrial customers. The parent's 2024 spin-off of its healthcare business reshaped the global group.
Moat: narrow (brand, IP / patents, distribution). 3M's global R&D and brand portfolio licensed to its Indian arm across diverse industrial categories.
Headquarters: Bengaluru, India · Founded: 1987 · Employees: 2,530
Size 3M India (3MINDIA.NS) is an India Industrials company (Industrial Conglomerates) with a market value of $3.29B, the 270th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹27,570 on 6 Nov 2026.
Performance Over six months the shares fell 15.6%, against +10.8% for the median peer and 0.0% for the India market (cap-weighted) — 3rd lowest of 8 in its peer set.
Growth Revenue grew 15.7% over the last twelve months (peer median +5.2%); the operating margin is 17.3% (peer median 10.7%).
Valuation It trades at 39.8× forward earnings against a peer median of 10.2× (most expensive of 8).
Price implies For today's price to make sense, revenue must grow about 28% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is +14 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 25.8 points above its cost of capital (13.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹53.2B | ₹50.9B | ₹44.5B | ₹41.9B | ₹39.6B |
| Revenue growth | — | +14% | +6% | +6% | — |
| Gross profit | ₹16.2B | ₹15.3B | ₹12.4B | ₹11.9B | ₹8.75B |
| EBITDA | ₹9.82B | ₹10.3B | ₹7.93B | ₹7.75B | ₹6.31B |
| Net income | ₹5.78B | ₹5.22B | ₹4.76B | ₹5.83B | ₹4.51B |
| Free cash flow | n/a | ₹5.01B | ₹3.69B | ₹6.81B | ₹4.49B |
| Capital expenditure | n/a | ₹583M | ₹554M | ₹314M | ₹602M |
| Total debt | n/a | ₹1.70B | ₹995M | ₹182M | ₹267M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| 3M India 3MINDIA.NS | $3.29B | -16% | +16% | 17% | 39.8× | 28.0% |
| Grindwell Norton GRINDWELL.NS | $2.25B | +16% | +14% | 16% | 39.5× | 37.8% |
| Carborundum Universal CARBORUNIV.NS | $2.10B | +4% | +12% | 7% | 44.5× | 43.4% |
| Pidilite Industries PIDILITIND.NS | $17.0B | +9% | +17% | 21% | 56.8× | 40.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 3MINDIA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.6% | -0.5% | 3rd lowest of 8 |
| 6-month return | -15.6% | +10.8% | 3rd lowest of 8 |
| Distance from 52-week high | -27.5% | -20.6% | 3rd lowest of 8 |
| Revenue growth (TTM) | +15.7% | +5.2% | highest of 8 |
| Operating margin | 17.3% | 10.7% | 3rd highest of 8 |
| Forward P/E | 39.8× | 10.2× | most expensive of 8 |
| Growth the price implies (Req g, 7 yrs) | 28.0% | -10.3% | most demanding of 8 |
| Growth delivered (Del g) | +14.3% | +10.7% | 4th highest of 8 |
| Hurdle (Req g minus delivered) | +13.7 pp | -25.1 pp | most demanding of 8 |
| ROIC minus cost of capital | +25.8 pp | +7.5 pp | 2nd highest of 8 |
| EV / EBITDA | 31.6× | 6.4× | most expensive of 7 |
| Net debt / EBITDA | -0.7× | -0.6× | 4th least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 3M India 3MINDIA.NS | India | $3.29B | -16% | +16% | 17% | 39.8× | 28.0% | +14.3% |
| Cirsa Enterprises, S.A.U CIRSA.MC | Spain | $3.69B | +54% | +6% | 23% | 11.8× | -7.5% | +25.2% |
| Societe BIC BB.PA | France | $2.92B | +11% | -4% | 15% | 13.4× | -11.9% | +5.1% |
| Sankyo 6417.T | Japan | $2.68B | +16% | -23% | 31% | 10.2× | -18.7% | +25.3% |
| ADEKA 4401.T | Japan | $2.53B | +3% | +5% | 11% | 11.8× | 3.6% | +5.0% |
| Posco International 047050.KS | South Korea | $6.03B | -45% | +7% | 4% | 8.1× | -16.6% | +8.6% |
| DCM Shriram DCMSHRIRAM.NS | India | $1.47B | -29% | +14% | 7% | 9.2× | 16.6% | +10.7% |
| Tsuburaya Fields 2767.T | Japan | $963M | +72% | -5% | 10% | 10.1× | -10.3% | +35.0% |