3M India Limited (3MINDIA) Fair Value & Analysis
Industrials · IN · Market cap ₹383B (≈ $4.1B) · ISIN INE470A01017
What is 3M India Limited really worth?
A solid business, but trading 297% above our fair value of ₹8,276.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 13 valuation models · updated 22 days ago
Share price −8.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹10,345). The favourable scenario is already priced in.
- Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹5,504 to ₹10,345) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹16,414 – ₹39,818 · fair‑value band ₹5,504 – ₹10,345 · the ₹32,845 price screens above the ₹8,276 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
3M India Limited (3MINDIA) currently trades at ₹32,845, while our model-based Fair Value estimate is ₹8,276, implying the stock looks roughly 296.8% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ₹12,465 per share, and 0 of the 13 models we run sit above the ₹32,845 price. Bear case: the Asset-Based group reads lowest at ₹1,052, and 13 of the 13 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, 3M India Limited generated revenue of ₹50.9B at a net margin of 10.3%. Revenue grew 16.8% year over year. It earns a return on equity of 28.9%. The balance sheet holds a net cash position of ₹6.5B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹5,504 (bear case) to ₹10,345 (bull case); at ₹32,845, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at −75%, 3MINDIA screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 13 models by family
Widest divergence: DCF Models (₹12,465) versus Asset-Based (₹1,052). Highest evidence: Growth DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 67 · Market factors (momentum, volatility) 57
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
3M India Limited manufactures and trades in various products in India and internationally. It operates in four segments: Safety & Industrial; Transportation & Electronics; Health Care; and Consumer.
Full company description
3M India Limited manufactures and trades in various products in India and internationally. It operates in four segments: Safety & Industrial; Transportation & Electronics; Health Care; and Consumer. The company offers vinyl, polyester, foil, and specialty industrial tapes and adhesives, such as masking tapes, and filament and packaging tapes; functional and decorative graphics; abrasion-resistant films; and other specialty materials. In addition, the company offers medical and surgical supplies; medical devices; skin and wound care, as well as infection prevention products and solutions; drug delivery systems; dental and orthodontic products; and food safety products. Further, it provides home and office tapes, and packaging protection platforms; note pads, dispensers, flagging solution, and labels; and stain protection products. The company sells its products under the Command, Littmann, Nexcare, Post-it, Scotch-Brite, and Scotch brands for the automotive, commercial solutions, consumer markets, design and construction, electronics, energy, health care, manufacturing, safety, and transportation industries. It also exports its products. The company was incorporated in 1987 and is based in Bengaluru, India. 3M India Limited operates as a subsidiary of 3M Company.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
3M India Limited reported revenue of ₹50.9B in FY2026 versus ₹33.3B in FY2022, a compound +11.2%/yr. Reported net income was ₹5.2B in FY2026, compounding +17.7%/yr from FY2022.
of which total revenue +9.0 % · buybacks/dilution −0.7 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
3MINDIA screens 297% overvalued. Compare with ITOCHU Corporation →
Peer Group
Conglomerates · 375 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Conglomerates median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ITOCHU Corporation ITOCHU19 | 7.20 THB | 14.40 THB | +100% |
| 3M Company MMM | $178.83 | $76.87 | −57% |
| Honeywell International Inc HON | $217.43 | $218.95 | +1% |
| CITIC Limited 0267 | HK$13.02 | HK$26.04 | +100% |
| Poste Italiane S.p.A PST | €26.90 | €7.65 | −72% |
| Swire Pacific Limited 0019 | HK$106.30 | HK$36.88 | −65% |
| SK Inc 034730 | 553,000 KRW | 615,077 KRW | +11% |
| PT Astra International Tbk, ASII | 4,800 IDR | 9,600 IDR | +100% |
| Jardine Matheson Holdings J36 | $59.10 | $79.11 | +34% |
| Kingboard Holdings 0148 | HK$45.52 | HK$32.91 | −28% |
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