3MINDIA

3M India share price & financials

Price
₹33,125
Market cap
₹36.9k Cr
Sector
Diversified

What 3M India does

3M India Limited, incorporated in 1987 and publicly listed since 1991, is the Indian subsidiary of 3M Company (USA) that manufactures and markets science-based products across four business groups — Transportation & Electronics, Safety & Industrial, Healthcare and Consumer. It operates three manufacturing facilities (Electronic City Bangalore, Ahmedabad and Ranjangaon), an R&D centre and two Customer Technical Centers in Bangalore and Delhi that adapt 3M's global technology platforms into India-specific products. The company reaches customers through direct sales, distribution, e-commerce and specialised channel partnerships, selling well-known consumer brands such as Scotch, Post-it, Command, Scotch-Brite, Filtrete and Meguiar's alongside industrial, safety, transportation/electronics and healthcare products supplied to institutional and retail customers.

Segments

  • Transportation & Electronics
  • Safety & Industrial
  • Healthcare
  • Consumer
Manufacturing facilities
3
Employees
~1,273
Business groups (segments)
4
R&D centre
1
Customer Technical Centers
2 (Bangalore, Delhi)
Global 3M technology platforms leveraged
49
Founded 1987Headquarters Bengaluru, Karnataka, India Company website

Quarterly results

Q1 FY27: revenue up 19.0%, net profit up 30.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,111 1,090 1,198 1,196 1,266 +14%1,228 +13%1,399 +17%1,423 +19%
EBITDA183 154 227 242 256 +40%231 +50%257 +13%238 −2%
Net profit134 114 71 178 191 +43%-62 −154%215 +203%233 +31%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +7.0% 1Y

₹30k₹32k₹34k₹36k₹38kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹30,565 on 10 Sept 2025 → ₹32,710. High ₹37,635 (10 Feb 2026), low ₹28,835 (29 Sept 2025).

Financials, as filed

Revenue grew 11.1% a year over 4 years, FY22 to FY26. Operating margin widened to 19.4%.

Year endingFY22FY23FY24FY25FY26
Revenue₹3.3k Cr₹3.8k Cr₹4.1k Cr₹4.4k Cr₹5.1k Cr
Operating profit₹393 Cr₹573 Cr₹731 Cr₹769 Cr₹986 Cr
Operating margin11.8%14.9%18.0%17.3%19.4%
Interest₹4 Cr₹8 Cr₹4 Cr₹11 Cr₹43 Cr
Depreciation₹55 Cr₹57 Cr₹53 Cr₹56 Cr₹63 Cr
Net profit₹272 Cr₹426 Cr₹559 Cr₹476 Cr₹522 Cr
Net margin8.2%11.1%13.8%10.7%10.3%
Cash from operations₹334 Cr₹425 Cr₹643 Cr₹355 Cr₹514 Cr
Free cash flow₹266 Cr₹365 Cr₹612 Cr₹300 Cr₹457 Cr
ROCE15.0%25.0%38.0%38.0%50.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹11 Cr₹11 Cr₹11 Cr₹11 Cr₹11 Cr₹11 Cr
Reserves₹2.2k Cr₹2.5k Cr₹1.9k Cr₹2.1k Cr₹1.6k Cr₹1.8k Cr
Borrowings₹23 Cr₹24 Cr₹27 Cr₹18 Cr₹103 Cr₹170 Cr
Other liabilities₹672 Cr₹744 Cr₹940 Cr₹1.1k Cr₹944 Cr₹1.2k Cr
Total liabilities₹2.9k Cr₹3.3k Cr₹2.9k Cr₹3.2k Cr₹2.7k Cr₹3.1k Cr
Fixed assets₹248 Cr₹291 Cr₹322 Cr₹332 Cr₹411 Cr₹485 Cr
Capital work in progress₹24 Cr₹23 Cr₹25 Cr₹12 Cr₹18 Cr₹14 Cr
Investments₹505 Cr₹505 Cr₹505 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹2.1k Cr₹2.4k Cr₹2.1k Cr₹2.9k Cr₹2.2k Cr₹2.6k Cr
Total assets₹2.9k Cr₹3.3k Cr₹2.9k Cr₹3.2k Cr₹2.7k Cr₹3.1k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs trimmed −0.34 pp while the public added +0.28 pp. The shareholder count shrank 11% to 30,673.

Promoters
75.0%
FIIs
3.5%
DIIs
8.2%
Public
13.3%

Since Jun 2025

  • FIIs −0.34 pp
  • Public +0.28 pp
  • DIIs +0.06 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 3.6%, DIIs 8.4%, Public 13.0%.Dec '23: Promoters 75.0%, FIIs 3.6%, DIIs 8.5%, Public 12.9%.Mar '24: Promoters 75.0%, FIIs 3.6%, DIIs 8.4%, Public 12.9%.Jun '24: Promoters 75.0%, FIIs 3.8%, DIIs 8.3%, Public 12.9%.Sep '24: Promoters 75.0%, FIIs 4.1%, DIIs 8.1%, Public 12.8%.Dec '24: Promoters 75.0%, FIIs 4.0%, DIIs 8.2%, Public 12.8%.Mar '25: Promoters 75.0%, FIIs 3.8%, DIIs 8.1%, Public 13.1%.Jun '25: Promoters 75.0%, FIIs 3.8%, DIIs 8.1%, Public 13.1%.Sep '25: Promoters 75.0%, FIIs 3.4%, DIIs 8.1%, Public 13.4%.Dec '25: Promoters 75.0%, FIIs 3.5%, DIIs 8.4%, Public 13.1%.Mar '26: Promoters 75.0%, FIIs 3.5%, DIIs 8.3%, Public 13.2%.Jun '26: Promoters 75.0%, FIIs 3.5%, DIIs 8.2%, Public 13.3%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of 3M India above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
3M Company 75.00%unchanged
Nippon Life India Trustee Ltd-A/C Nippon India Nif Mutual fund2.47%−0.15 pp
Bright Star Investments 1.48%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in 3MINDIA

Filings to Aug 2026

0 new, 5 added, 0 trimmed, 0 sold out — net +0.01 L shares (+0.3%).

Held by funds
₹936 Cr
14 schemes
Biggest holder
Nippon India Focused Fund
₹220 Cr · 2.5% of that fund
SchemeHoldingLast month
Nippon India Focused Fund Nippon India Mutual Fund₹220 Cr+0.01 L
Nippon India Growth Mid Cap Fund Nippon India Mutual Fund₹200 Crheld
Nippon India Multi Cap Fund Nippon India Mutual Fund₹187 Crheld
Nippon India ELSS Tax Saver Fund Nippon India Mutual Fund₹162 Crheld
Nippon India Innovation Fund Nippon India Mutual Fund₹96 Crheld
Nippon India Balanced Advantage Fund Nippon India Mutual Fund₹44 Crheld
Nippon India ETF Nifty Midcap 150 Nippon India Mutual Fund₹9 Cr+0.00 L
Nippon India MNC Fund Nippon India Mutual Fund₹8 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

5 added, 0 trimmed — net +836 shares (+0.3%)

Funds are sitting on
+33%
vs est. average cost
Held by funds
₹936 Cr
14 schemes · ≈ 2.5% of the company
Biggest holder
Nippon India Focused Fund
₹220 Cr · 2.5% of that fund
Longest holder
Nippon India ETF Nifty Midcap 150
7y 8m · since Jan '19

Shares held by these funds −0%

Aug '23 2.80 L shares Jul '26

What the price assumes

Growth trap

To justify its price of ₹32710, this stock must grow earnings at 38% every year for 7 years. Our analysis caps realistic growth at ~16%. At that growth it is worth ₹10516 — downside of 68%.

Growth the price implies
38.4% a year
for 7 years, fading to 4%
It has actually compounded at
15.5% a year
net profit, FY22–FY26 · EPS 15.5%
The gap
0.2 pp
-68% downside if it only repeats history
Price today ₹32,710 Value at the reference growth ₹10,516.46

Change the assumptions yourself →

Learn to analyse 3M India

Guides on how to read this kind of business and the numbers that matter.