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3MINDIA - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.7

Last Updated Time : 03 Feb 26, 06:04 pm

Fundamental Rating: 3.7

Stock Code 3MINDIA Market Cap 39,358 Cr. Current Price 34,961 ₹ High / Low 37,385 ₹
Stock P/E 71.0 Book Value 1,430 ₹ Dividend Yield 0.46 % ROCE 38.2 %
ROE 23.8 % Face Value 10.0 ₹ DMA 50 34,332 ₹ DMA 200 32,386 ₹
Chg in FII Hold 0.07 % Chg in DII Hold 0.27 % PAT Qtr 191 Cr. PAT Prev Qtr 178 Cr.
RSI 54.7 MACD -104 Volume 3,836 Avg Vol 1Wk 2,895
Low price 25,714 ₹ High price 37,385 ₹ PEG Ratio 3.29 Debt to equity 0.06
52w Index 79.2 % Qtr Profit Var 43.0 % EPS 492 ₹ Industry PE 22.7

📊 Core Financials

  • Revenue & Profitability: PAT rose from 178 Cr. to 191 Cr. (+43% YoY), showing strong growth momentum.
  • Margins: ROE at 23.8% and ROCE at 38.2% are excellent, reflecting superior efficiency.
  • Debt: Debt-to-equity ratio of 0.06 indicates negligible leverage, a very strong balance sheet.
  • Cash Flow: Consistent profitability supports healthy cash generation capacity.

💹 Valuation Indicators

  • P/E Ratio: 71 vs. industry average of 22.7 — significantly overvalued.
  • P/B Ratio: Current price (₹34,961) vs. book value (₹1,430) → ~24.4x, premium valuation.
  • PEG Ratio: 3.29, suggesting growth is priced at a high multiple.
  • Intrinsic Value: Market pricing reflects strong fundamentals but stretched valuations.

🏢 Business Model & Competitive Advantage

  • 3M India operates across industrial, healthcare, and consumer segments, leveraging global innovation.
  • Strong brand equity, diversified product portfolio, and global parent support provide a durable moat.

📈 Technicals & Entry Zone

  • DMA 50 (₹34,332) and DMA 200 (₹32,386) show strong support levels.
  • RSI at 54.7 indicates balanced momentum; MACD negative suggests mild consolidation.
  • Entry Zone: Attractive on dips near ₹31,000–32,500 for long-term investors.
  • Long-Term Holding: Strong fundamentals justify holding; suitable for wealth compounding.


✅ Positive

  • Excellent ROCE (38.2%) and ROE (23.8%).
  • Negligible debt (0.06 debt-to-equity).
  • Consistent profit growth with strong quarterly performance.

⚠️ Limitation

  • High valuation multiples (P/E 71, P/B 24.4x).
  • Low dividend yield (0.46%) despite strong profits.
  • PEG ratio above 3 indicates growth is already priced in.

📉 Company Negative News

  • Premium valuation may limit upside in the near term.
  • MACD shows short-term weakness, suggesting possible consolidation.

📈 Company Positive News

  • Quarterly PAT growth (+43%) highlights strong operational performance.
  • FII (+0.07%) and DII (+0.27%) holdings increased, showing institutional confidence.

🏭 Industry

  • Industrial and consumer goods sector benefits from rising demand in India.
  • Industry average P/E (22.7) is much lower, highlighting 3M India’s premium positioning.

🔎 Conclusion

  • 3M India is financially strong with excellent returns and negligible debt.
  • Valuations are stretched, but fundamentals justify long-term holding.
  • Recommendation

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