3M India Ltd

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3MINDIA •
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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
47.16% Gain from 52W Low
5.7
TTM PE Ratio
High in industry
65.9
Price to Book Ratio
High in industry
21.5
Dividend yield 1yr %
Below industry Median
0.3
TTM PEG Ratio
PEG TTM is much higher than 1
2.3
RSI
RSI is mid-range
50.5
MFI
MFI is mid-range
41

3M India Ltd Key Financials

*All values are in ₹ Cr.

3M India Ltd shareholding Pattern

Promoter
75%
Foreign Institutions
3.6%
Mutual Funds
7.4%
Domestic Institutions
8.5%
Public
12.9%

3M India Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
13
Bearish Moving Averages
3
5Day EMA
31,215.50
10Day EMA
31,213.70
12Day EMA
31,288.00
20Day EMA
31,655.80
26Day EMA
31,883.50
50Day EMA
32,225.00
100Day EMA
31,784.90
200Day EMA
30,167.80
Delivery & Volume
Resistance & Support
31,642.78
Pivot
Resistance
First Resistance
32,715.57
Second Resistance
33,453.48
Third Resistance
34,526.27
Support
First Support
30,904.87
Second support
29,832.08
Third Support
29,094.17
Relative Strength Index
50.48
Money Flow Index
40.99
MACD
-595.47
MACD Signal
-652.77
Average True Range
960.65
Average Directional Index
15.73
Rate of Change (21)
-7.06
Rate of Change (125)
0.92

3M India Ltd Company background

Founded in: 1987
Managing director: Ramesh Ramadurai
3M India Limited is the flagship listed company of 3M Company, USA in India. 3M Company, USA holds 75% equity stake in the company and is a diversified technology and science company with a global presence in Safety and Industrial Transportation Electronics Health Care and Consumer and is among the leading manufacturers of products for many of the markets it serves. Most of its products involve expertise in technology, product development, manufacturing and marketing, and are subject to competition from products manufactured and sold by other technologically oriented companies. The Company has manufacturing facilities at Ahmedabad, Bengaluru, Pune and has the Corporate Office and Customer Innovation Center (RD Center) in Bengaluru. It managed operations in 4 operating business segments: Safety Industrial Transportation Electronics Health Care and Consumer. The Companys 4 business segments bring together common or related 3M technologies, enhancing the development of innovative products and services and providing for efficient sharing of business resources. 3M products are sold through numerous distribution channels, including directly to users and through numerous ecommerce and traditional wholesalers, retailers, jobbers, distributors, and dealers in a wide variety of trades in many countries around the world. The Industrial segment serves a broad range of markets, such as automotive original equipment manufacturer (OEM) and automotive aftermarket (auto body shops and retail), electronics, appliance, paper and printing, packaging, food and beverage, and construction. Industrial products include tapes, a wide variety of coated, nonwoven and bonded abrasives, adhesives, advanced ceramics, sealants, specialty materials, closure systems for personal hygiene products, acoustic systems products, and components and products that are used in the manufacture, repair and maintenance of automotive, marine, aircraft and specialty vehicles. The Health Care business segment serves markets that include large multispecialty hospitals and small clinics, dental and orthodontic practitioners, processed food manufacturers and pharmaceutical companies. The product offerings in this segment include medical and surgical supplies, medical devices, skin wound care and infection prevention products solutions, drug delivery systems, dental and orthodontic products and food safety products. The Safety Graphics business serves a broad range of markets that serve to increase the safety, security productivity of people improves facility design, aesthetics, hygiene, etc. Major product offerings in this segment include personal protection products traffic safety security products, border security solutions public safety identity management solutions commercial graphics sheeting systems architectural surface lighting solutions cleaning protection products for commercial establishments, etc Personal protection products include maintenancefree reusable respirators, personal protective equipment, head face protection, body protection, hearing protection protective eyewear.The Consumer segment serves markets that include consumer retail, modern trade, office retail and other emerging retail channels. The products in this segment include office supply products, stationery products, home care products and protective material products. Major consumer products include Scotch brand products, such as Scotch Magic Tape and Scotch Glue Stick Postit Products.The Infrastructure Protection Products Division of 3M India offers a comprehensive array of products that ensure effective protection against corrosion for a variety of installations and structures. While 3M Scotchkote Fusion Bonded Epoxy Powders and Scotchkote Liquid Epoxy Coatings offer protection for steel pipelines, associated fittings and structures used in the oil, gas, water, industrial and construction markets, the range of 3M Scotchcast Powder Resins are ideal for OEM electrical insulation applications. 3M Dynatel Locators combine simple interfaces, large backlit highresolution graphics, excellent balance and ergonomics with precision locating capabilities to quickly and accurately identify underground assets.In Renewable Energy, 3M India is helping to transform the fields of Generation Conservation of Energy. 3M supports solar and wind energy initiatives through product solutions such as films, tapes, coatings, encapsulants and adhesives that help reduce the cost of energy generation. 3M India Ltd was incorporated in the year 1987 with the name Birla 3M Ltd. The company was changed into a public limited company in April 1989. In February 1990, they inaugurated Customer Tech Centre in Bangalore. In the year 1994, the company opened Customer Sales Centre at Chennai, Kolkata and Bangalore. In November 1995, they opened a new warehouse in Bangalore.In February 1996, the company inaugurated Graphics Production Centre. Also, they opened new warehouse in Mumbai. In December 1996, they opened their second Customer Sales Centre in Bangalore. In the year 1997, they opened a warehouse in Chennai. In the year 1998, the company opened the new Customer Sales Centre with expanded facilities at Delhi. Also, they inaugurated Innovation Center at Bangalore.In June 2000, the company acquired the business of Autostriping India, which develops and produces graphics for two wheelers and the company also inaugurated the centralized Corporate Office. In December 2002, the company name was changed to 3M India Ltd.In the year 2004, the company inaugurated a Manufacturing Facility for Corrosion Protection Products in Ahmedabad, Gujarat. In the year 2006, they acquired Mahindra Engineering Chemical Products Ltd. In October 2007, they acquired Macroworx Media Pvt Ltd. The company executed of new manufacturing plant at Pune in Maharashtra and expanded the manufacturing facility at Ahmedabad in Gujarat. In the year 2008, the company increased the production capacity of Self Adhesive Labels from 40,000,000 Nos to 50,000,000 Nos. During the year 2008, 3M Indias 5th manufacturing facility at Ranjangaon in Maharashtra became operational. In 2009, Phase 2 of 3M Indias Corrosion Protection Manufacturing Facility at Ahmedabad was inaugurated. In 2010, 3M India made its first foray into the retail space with the launch of the 3M Car Care Centre initiative. During the year, 3M India filed 13 patents and launched over 23 new product innovations for the India market.In 2011, 3M India inaugurated its biggest Distribution Centre at Electronics City, Bangalore to meet 2015 growth needs. During the year, the company expanded regional presence with 4 branch offices in Kolkata, Chennai, Pune and Gurgaon. Also during the year, the company inaugurated two stateoftheart Innovation Centres at Bangalore and Gurgaon to focus on local product innovations. The company filed 14 patents during the year.The Board of Directors of 3M India at its meeting held on 20 April 2011 approved an investment of Rs 70 core towards expansion of manufacturing facility at Ranjangaon for Nonwoven maker project to be executed during the calendar years 2011 and 2012.On 31 August 2012, 3M India informed the stock exchanges regarding recognition of the companys InHouse RD unit at Bangalore by Department of Scientific and Industrial Research (DSIR).On 19 March 2013, 3M Indias US based parent company 3M Company announced that it proposes to sell 1.13 lakh equity shares of the company on 21 March 2013 through a sale on the separate windows provided by the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) respectively for this purpose. Earlier, on 11 March 2013, 3M Company US announced its intention to off load 1% of its holding in 3M India to comply with the minimum public shareholding by all listed companies as prescribed by SEBI.Consistent with 3Ms global strategy of building relevance and presence in the marketplace, 3M India aligned resources and management towards a new revised structure comprised of five business groups: Consumer Industrial Health Care Safety and Graphics and Energy from 1 April 2013.During the year ended 31 March 2014, 3M Indias Automotive AfterMarket Division increased its presence to 1400+ body shops in India. The Advanced Materials Division made an impactful entry into the growing Paints Coating segment with the qualification of three specialty products by Indias leading decorative paints company.The companys Healthcare division launched first of its kind online portal for dental clinics. 3M Health Care expanded its footprint in India with the establishment of its second manufacturing unit at Ranjangaon, Pune. The Healthcare Manufacturing facility is equipped with stateoftheart technology and capability to manufacture a wide range of Liquid Medical Products, Tapes and Dressings and was inaugurated in August 2013.The companys Food Safety solutions helped FMCG Companies to enhance their food safety standards. The Home care division launched Indias first foot lock products. The Consumer division entered consumer health market with Nexcare products. During the year, the Home Care manufacturing facility came on stream at the companys Ranjangoan facility to manufacture local products for the utensil category. The first designed in India product in the floor care range based on consumer insight was launched in the quarter ended 31 December 2013. In the stationary business, both the Postit brand Scotch brand introduced new exciting products as line extensions, mainly targeted to the student segments.The Safety Graphics division introduced products for Indian Navy and car personalisation wrap films. 3M Traffic Safety systems division (TSSD) launched the Contractor Contact Program to reach out to large contractors/freelancers, thereby increasing penetration expanding channel presence. The Commercial Graphics Business executed a Turnkey Interior Graphics program for SBI ATM Branding covering over 130 locations, bagged the second order for Custom Sign Design for Mahindra Mahindras identity change program for exterior signages at more than 200 outlets and completed execution of more than 800 locations of White Label ATMs under the Governments policy of financial inclusion. The Architectural Markets Business completed large installations of its decorative surfaces products at landmark projects such as the Bangalore Delhi International airports.For the first time Indian nuclear thermal power sector used 3M Indias Scotchkote products. 3M Indias capital investment during the year 201314 was at Rs. 4,758.98 Lakhs (Net of capital workinprogress and capital advances).3M Indias focus during the financial year ended 31 March 2015 was to improve the availability of its products in a sustained manner in the secondary and tertiary towns. During the year, the company continued to improve the planning process and the productivity of the sales force. The companys Industrial Retail business reached out to 10,000 retailers selling core industrial products. Industrial Adhesives and Tapes Division won an initial order of Fire Protection Products (FPP) for a high rise under construction building by a leading builder. During the year, the company consolidated its leadership position in the Abrasives category across segments with the launch of patented Precision Shaped Grains Cubitron II abrasives Flexible abrasives. Dedicated teams focusing on Industrial Retail business spanning across Wood working, decorative auto refinish helped penetration into lower tiers of the Indian market. Expansion of the 3M Car Care Center initiative helped in enhancing visibility for the 3M brand and reinforced 3M as the leading name in this new business segment.During the year, 3M India commenced the production and sale of industrial nonwoven abrasive hand pads from its Ranjangaon plant.The Automotive Division won paint replacement film business at leading Original Equipment Manufacturers (OEMs). The Advanced Materials Division won tenders from leading public sector oil companies. During the year under review, 3M Indias Healthcare division won share for dressing products in leading corporate hospitals. The division successfully renewed large contracts for locally manufactured products across the country, successfully expanded ecommerce business including large number of orders from dentists, and improved direct presence in 200 small cities by expanding hospital coverage.In the Consumer business, the Home care division initiated product availability through ecommerce. The consumer business successfully placed high end mops at leading modern trade accounts. The consumer division relaunched ScotchBrite scrub pad with new packaging and television commercial. It also relaunched Scotchbrite scrub sponge with new packaging and television commercial focused towards metro markets and Tier A consumers. In the stationary business, both the Postit brand Scotch brand introduced new exciting products as line extensions, mainly targeted to the student segments.The Safety Graphics division won tenders for matting from metro rail corporations, expanded direct reach to more than 3,000 Small, Medium Enterprises (SMEs) in prioritized clusters and continued to win business from Banking Financial Services Industry (BFSI) sector for signage and branding programs. The Safety Graphics division launched 3M Tubular Daylighting Guiding System (TDGS) which harness sunlight in Buildings and Factories. 3M India introduced Radio Frequency Identification Tags (RFID) based etolling readers, access control, Automatic Number Plate Recognition (ANPR) based traffic monitoring system as part of the smart city/intelligent transportation systems (ITS) offerings.The Energy division won an order for locaters and markers from a major defence contractor.3M Indias total capital investment during the year 201415 was at Rs. 1,471.70 Lakhs (Net of capital workinprogress and capital advances).During the financial year ended 31 March 2016, 3M India focused on prioritizing resources to prioritized businesses. The company strengthened the predictability of its actions by focusing on a few metrics, following the Hoshin Kanri methodology of Business Process Execution. During the year under review, the company developed a deep understanding of the external environment with focus on business segments that are profitable. The compan1 enhanced its customer service team and developed newer business models including ecommerce, which helped in attaining a more effective reach to end customers. 3M Indias total capital investments during the year 201516 were at Rs. 1,092.46 Lakhs (Net of capital workinprogress and capital advances).During the year under review, the companys industrial business division continued to focus on high gross margins product categories while rationalizing low profitable ones to stabilize profits. The Industrial Retail business comprising wood working, decorative auto refinish excelled in penetrating into lower tiers of the Indian market. Despite the currency translation, the Industrial adhesives tapes team achieved high bottom line growth through portfolio prioritization and increased local asset utilization. 3M India continued to invest in the Car Care segment with new formats which include mobile detailing and fuel station centers fueling further growth in this space. The company ventured into the ecommerce space with Automotive AfterMarket products with a plan to add products from other business groups. During the year under review, 3M Indias abrasive products ramped up local conversion to ensure faster execution of custom requirements. The company continued its market leader position in the Paint Finishing System segment.3M Healthcare partnered with leading hospitals to upgrade Operating Room practices and sterilization assurance standards. The Traffic Safety Security Division launched new products like Conspicuity Tapes, Vertical Delineators, Solar RPMs, flexible median markers, etc. in the road safety market. The Traffic Safety Security Division also launched new products like Automated Number Plate Recognition (ANPR) cameras, Variable Message Signs to cater to the Smart City Requirements in India. ANPR Cameras help the city authorities automate enforcement of traffic rules thereby making the roads safer to drive on. The Commercial Solutions division saw a lot of success in the refurbishment and vehicle personalization market spaces and continues to invest in awareness building programs.The Consumer Division continued growth with distribution expansion program to increase availability of Home Care range of products in Tier BC towns. The division focused on growth in Modern Trade by partnering with Key players for categories in Home Care Stationery products.In the Energy Division, 3M Indias High Temperature Scotchkote Fusion Bonded Epoxy powder was used to coat offshore pipelines. For Renewable energy business, there was increased usage of Energy Management and safety films due to enhanced focus on energy efficiency green buildings, security concerns and the growing usage of glass in commercial and residential complexes.During the financial year ended 31 March 2017, 3M India continued to focus on improving productivity while driving growth and competitive share. The company developed newer business models driven by larger play in industrial, healthcare and consumer markets while expanding its consumer base through ecommerce. The company expanded its presence and reach into Eastern and North Eastern States with focused business execution plans for deeper penetration. 3M Indias capital investments during the financial year 201617 aggregated 1,386.61 Lakhs (Net of capital workinprogress and capital advances).During the year under review, 3M Car Care sales growth was fueled by launch of new formats including fuel station outlets and mobile detailing units. Collision Repair successfully gained share in Body repair space with the Body Man range of tools and consumables. The Abrasive Systems division continued to drive productivity efficiency among manufacturing companies in India through patented abrasive mineral. Abrasive Systems division also drove the Make in India initiative by developing manufacturing new range of abrasive nonwoven handpads specifically designed in India for Indian customer requirements. The Automotive and Aerospace Solutions Division business started shift towards growing more sustainable and profitable 4W business with an enhanced portfolio well aligned to mega trends in this sector. Industrial Retail Business renewed focus on increasing geographic penetration retailer relevancy by way of rebuilding the distribution product portfolio. Revised channel strategy and product portfolio creation drove growth during the year.3M Indias Health Care business divisions GotoMarket strategy to expand reach into smaller cities through the extended sales representative model was successfully scaled up leading to higher level of penetration of 3M products in markets that were earlier not covered. Sales through ecommerce for both medical and dental products have gained traction.The Traffic Safety Security Division continued on the growth path in the road safety market with launch of new products like Conspicuity Tapes, Solar RPMs, flexible median markers, etc. The Personal Safety Division continued to grow strongly with significant contribution from Pharmaceutical, Automotive and General Engineering Sectors. The division continues to increase its penetration into the SME segment through various awareness and contact programs and other onsite SME activation Programs. Significant penetration was made with cutting edge solutions for Smart Cities in the areas of Intelligent Transportation via Automated Number plate Recognition cameras (ANPR), eTolling technologies Smart Variable Message Signs. The Smart Variable message Signs provide real time, contextual automated information to motorists allow a host of smart sensors to be integrated into a single platform allowing better information dissemination, disaster management traffic enforcement. The Commercial Solutions Division saw a lot of success in refurbishment, car personalization and styling along with new projects in banking and Oil Gas segments.The consumer division reported continued growth in the office supplies channels with Postit Scotch range of products aimed at office workforce segment. The consumer division focused on growth in Modern Trade by partnering with Key Modern Trade customers for categories in Home Care Stationery products.3M India maintained a strong and consistent performance, driving profitable growth in financial year ended 31 March 2018. The company leveraged portfolio diversity and operational discipline to deliver a market differentiated performance. Customer first and a growth mindset with razorsharp focus on quality of business metrics defined the companys performance during the year. The company expanded presence and reached the Western and Eastern regions of the country with focused business execution plans for deeper penetration and grew through access into Tier II and III cities. During the year under review, the company introduced several steps to improve channel health through simplified processes, professional management and rationalization. The company has drove value and expanded its participation through local manufacturing, robust new product introduction process and value addition.3M Indias capital investments during the financial year 201718 aggregated to Rs. 1,641.10 Lakhs (net of capital workinprogress and capital advances).During the year under review, the companys Industrial Adhesive and Tapes Division continued its focus on Passive Fire Portfolio, driving relevance in Construction Market, and strengthened Converter Business Model, increasing penetration in Transportation Appliance market. The company continued to gain share in the Advanced Materials markets with its differentiated offerings from Ceramics like evaporation boats for packaging industry and friction shims for automotive industry. During the year under review, 3M Car Care crossed the 100Store landmark and initiated a Master Franchisee partnership for North East India. Sales growth in Automotive Aftermarkets Divisions OEM Segments (Collision Repair Nested Autocare) was fueled by NPI Launches in Abrasives Air Care platforms. Through cross functional collaboration and customerfirst approach, the Automotive and Aerospace Division achieved recognition from top customers such as Suzuki, Tata Toyota. While Abrasives Systems Division witnessed strong growth in AOEM auto comp segment with the Cubitron II, Trizact Scotchbrite, the new products helped the division garner higher share segments like Structural Steel, Construction equipments, Orthopaedic Implants etc. The creation of Industrial Safety Market Center has resulted in laser sharp focus on Key Accounts LongTail customers through dedicated teams and channel.3M Indias Health Care business divisions strategy to expand reach into smaller cities led to higher levels of penetration of 3M products in markets that were earlier not covered. Sales through ecommerce for both medical and dental products have gained traction.The companys Safety Graphics business division achieved significant penetration with cutting edge solutions for Smart Cities in the areas of urban mobility with Smart Variable Message Signs. The Smart Variable message Signs provide real time, contextual automated information to motorists allow a host of smart sensors to be integrated into a single platform allowing better information dissemination, disaster management traffic enforcement. During the year under review, the Commercial Solutions division saw a lot of success in refurbishment, car personalization and styling along with new projects in banking and Oil Gas segments.In a bid to raise awareness among the labour force on the importance of safety measures and proper equipment in the workplace, 3M India, in association with the Directorate General, Factory Advice Service Labour Institutes (DGFASLI), Ministry of Labour and Employment, launched the Audhyogik Suraksha Rath (mobile industrial safety training van). As part of this initiative, two mobile safety units will travel all over the country and educate workers on the importance of safety in the workspace. Over the next three years, the vans will cover one million industrial workers, raising awareness on industrial safety and health through training programs with the message: Safety First.The Consumer segment achieved strong performance in Home Care led by scouring with an exciting new product launch of Anti Bac scrub pad. The consumer division launched command range of products in eCommerce. The consumer division reported continued growth in the office supplies channels with Postit Scotch range of products aimed at office workforce segment. The division achieved accelerated growth in Modern Trade by partnering with key modern trade customers for categories in Home Care Stationery products. The distribution expansion program was aimed at increasing availability of Home Care range of products in Tier BC towns through partnership with wholesalers across the country. The division partnered with adjacent category household brands for cross promotional activities thereby expanding household reach for scouring and wipes products. The company made continued investment in the brands viz ScotchBrite, PostIt and Scotch through various brand building activities in Mass Media, Digital Media and in Point of Sales. The consumer division reported accelerated sales through ecommerce channel with focus on product portfolio, good digital content and online demand generation programs.In the Energy Division, key domestic projects contributed to good growth in the companys pipeline coating products. The division also saw strong implementation of telecom projects driving usage of its locators and markers for asset management.The Board of Directors and Shareholders at its Meeting held on May 30, 2018 invested entire stake in 3M Electro Communication India Private Limited and on completion of transaction became a Subsidiary of the Company effective from December 27, 2018. During FY 202122, Board of Directors of the Company and 3M Electro Communication India Private Limited (3M EC), wholly owned subsidiary of the Company at their Meetings held on 17 September 2021 had approved a Scheme of Amalgamation of 3M EC (Transferor Company) with the Company, for which, the Appointed Date fixed under the Scheme was April 01, 2021.In 2022, the Company added ISO/IEC 27017:2015 requirements for cloud services. It launched the Work Your Way model globally,introducing a trustbased work framework. It established the Diverse Abilities Network, focused on supporting individuals withdisabilities. 3M Learn, a global learning platform was launched which accelerated a more digital and integrated learning systemto employees in 2023.
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3M India Ltd FAQs

3M India Ltd shares are currently priced at 31977.65 on NSE and 32088.25 on BSE as of 2/28/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of 3M India Ltd [3MINDIA] share was 39.7. The 3M India Ltd [3MINDIA] share hit a 1-year low of Rs. 21730 and a 1-year high of Rs. 39876.1.

The market cap of 3M India Ltd is Rs. 36038.81 Cr. as of 2/28/2024 12:00:00 AM.

The PE ratios of 3M India Ltd is 72.56 as of 2/28/2024 12:00:00 AM.

The PB ratios of 3M India Ltd is 17.33 as of 2/28/2024 12:00:00 AM

The Mutual Fund Shareholding was 7.38% at the end of 2/28/2024 12:00:00 AM.

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