NSE: 3MINDIA | BSE: 523395

Expensive Performer

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30385.00 1378.70 (4.75%)

High volume today

NSE 15 Apr, 2025 3:31 PM (IST)

34,229

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High in industry

0.6

Beta 1Year

Very Low volatility

3M India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for 3MINDIA, BSE:523395 3M India Ltd.

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3M India Ltd.

09 Feb 2025

30385.00

4.75%

Strong performance by Healthcare segment; INR depreciation hurts margins

Buy: 3M India Ltd.

Target

ICICI Securities Limited

3M India’s EBITDA margin of 14.1% in Q3FY25 was at its lowest since the past nine quarters. We believe INR depreciation and higher freight cost impacted 3M’s margins.

3M India Ltd. is trading below its 150 day SMA of 31075.3

3M India Ltd.

13 Sep 2024

30385.00

4.75%

FY24 annual report takeaways: Strong investments in new product development

Buy: 3M India Ltd.

Target

ICICI Securities Limited

Following a review of 3M India’s FY24 annual report, our conviction on the company’s performance and potential remains strong

3M India Ltd. is trading above its 100 day SMA of 29295.9

3M India Ltd.

29 May 2024

30385.00

4.75%

Strong increase in dividend payout ratio, EVA accretive

Buy: 3M India Ltd.

Target

ICICI Securities Limited

3M India has declared/paid total dividend per share (incl. special dividend) of INR 1,635/share over FY22-24, indicating dividend payout ratio of 141%.

Number of FII/FPI investors decreased from 213 to 202 in Mar 2025 qtr

3M India Ltd.

25 Aug 2023

30385.00

4.75%

FY23 annual report analysis: Strong growth in end-user industries leading to healthy EVA creation

Buy: 3M India Ltd.

Target

ICICI Securities Limited

We remain enthused about 3M India post analysing its FY23 annual report. Key highlights: (1) Most end-user industries – e.g. automotive, infrastructure and manufacturing – have reported revival, which augurs well for 3M India. (2) Company has passed on additional costs with a lag and, with relatively stable exchange rates, it improved its EBITDA margin to 15.3% in FY23 from 11.7% in FY22.

3M India Ltd. has an average target of 33500.00 from 1 broker.

3M India Ltd.

11 Aug 2023

30385.00

4.75%

Sixth straight quarter of 25%+ YoY EBITDA growth; Re-iterate BUY

Buy: 3M India Ltd.

Target

ICICI Securities Limited

3M India maintained strong growth momentum with eighth straight quarter of 11%+ revenue growth YoY and sixth straight quarter of 25%+ EBITDA growth YoY. We believe the revival in industrials, infrastructure and automotive sectors augurs well for most segments of 3M India.

3M India Ltd. is trading below its 150 day SMA of 31075.3

3M India Ltd.

31 May 2023

30385.00

4.75%

Contract manufacturing & distribution agreement for Healthcare segment to be value accretive

Buy: 3M India Ltd.

Target

ICICI Securities Limited

3M India reported 5th consecutive quarter of EBITDA growth higher than 23% YoY. Strong revival in manufacturing, infrastructure and automotive sectors has resulted in healthy growth for 3M India. Correction in crude oil prices, other commodities and stable forex rates also offer margin tailwinds.

3M India Ltd. has an average target of 33500.00 from 1 broker.

3M India Ltd.

09 Feb 2023

30385.00

4.75%

Strong results with revival in Industrial segment; royalty hike to impact DCF by ~6%

Buy: 3M India Ltd.

ICICI Securities Limited

3M India is back-on-track in its growth journey with YoY revenue and PAT growth of 20.2% and 87%, respectively. It has reported 4th successive quarter with EBITDA growth of 33%+ YoY after reporting 32% growth in FY22 over FY21. With recovery in key customer industries such as Industrials, automotive, infrastructure and construction, we remain confident that 3M India is on track to report revenue CAGR of 16.6% over FY23-25.

3M India Ltd. is trading at high day volume of 10539.00000.

3M India Ltd.

10 Nov 2022

30385.00

4.75%

Strong dividend payout to improve RoCE without affecting ability to invest in capex

Buy: 3M India Ltd.

Target

ICICI Securities Limited

3M India has announced its first-ever dividend (Rs850/share), which is the key highlight of Q2FY23 result.

3M India Ltd. is trading at high day volume of 10539.00000.

3M India Ltd.

15 Sep 2022, 12:00AM

30385.00

4.75%

Capacity expansion may reduce procurement dependence from parent

Buy: 3M India Ltd.

ICICI Securities Limited

3M India’s FY22 annual report highlights the following: (1) Company is
expanding its local manufacturing capacity for respirators, masks, hand sanitisers, etc; it will also supply industry consumables to mobile phone manufacturing companies availing the PLI schemes.