3M India Ltd
About
3M India Limited is a subsidiary of the global technology conglomerate 3M Company, USA. The subsidiary was established in 1987 and operates across the consumer, healthcare, transportation, industrial and safety sectors. 3M leverages science and technology to engineer products such as abrasives, adhesives, cleaning supplies, tapes, electronic components and office supplies. The company features well-known brands such as Littmann, Nexcare Post-it, Scotch, Command and Scotch Brite. The Company has manufacturing facilities at Ahmedabad, Bengaluru, Pune and its corporate office and customer innovation centre (R&D centre) are located at Bengaluru. 3M reaches its customers through diverse go-to-market strategies, including direct sales to end users, industrial and general trade distribution, converter channels, e-commerce, wholesale networks, and dealer partnerships.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4219 3.4% | 4081 20.4% | 3390 30.0% | 2609 -14.1% | 3036 -2.1% | 3100 11.5% | 2780 14.8% | 2421 11.7% | 2168 14.9% | 1887 6.8% | 1767 11.2% | 1589 8.1% | 1470 19.5% | 1230 9.4% | 1124 45.2% | 774 - |
| Net Operating Income (INR Cr) | 4189 5.81% | 3959 18.69% | 3336 28.06% | 2605 -12.78% | 2987 -1.00% | 3017 11.33% | 2710 0.00% | 2363 10.44% | 2140 16.26% | 1840 5.62% | 1742 10.69% | 1574 12.03% | 1405 17.94% | 1191 9.62% | 1087 46.38% | 742 22.03% |
| Profit (INR Cr) | 583 29.4% | 451 65.8% | 272 67.5% | 162 -49.6% | 322 -12.0% | 366 9.9% | 333 38.5% | 241 23.6% | 195 79.8% | 108 152.0% | 43 -17.8% | 52 -19.3% | 65 -34.4% | 99 6.4% | 93 61.6% | 57 - |
| Assets (INR Cr) | 2198 25.8% | 1747 -22.8% | 2263 14.6% | 1976 8.3% | 1825 23.7% | 1476 34.1% | 1100 -12.5% | 1258 24.1% | 1014 20.6% | 841 1.1% | 831 -1.4% | 843 22.0% | 691 23.0% | 562 27.6% | 441 26.7% | 348 - |
| Net Worth (INR Cr) | 2147 28.0% | 1677 -23.2% | 2184 14.3% | 1910 9.1% | 1751 22.2% | 1433 34.3% | 1067 0.0% | 1226 24.1% | 988 22.3% | 808 15.5% | 699 6.6% | 656 8.7% | 604 12.0% | 539 22.4% | 441 26.7% | 348 19.8% |
| Employee Cost (INR Cr) | 392 -2.1% | 400 3.1% | 388 4.9% | 370 12.6% | 329 -0.5% | 330 -7.3% | 356 27.2% | 280 11.8% | 250 1.7% | 246 -0.6% | 248 16.3% | 213 14.6% | 186 24.6% | 149 20.1% | 124 33.5% | 93 - |
| Interest Cost (INR Cr) | 3 | 7 | 4 | 2 | 4 | 1 | 2 | 2 | 2 | 4 | 15 | 10 | 4 | 2 | 1 | 0 |
| Cash & Bank Balance (INR Cr) | 1358 | 801 | 1328 | 1062 | 781 | 557 | 855 | 744 | 371 | 114 | 60 | 60 | 54 | 51 | 106 | 52 |
| Total Debt (INR Cr) | 18 | 27 | 25 | 23 | 42 | 14 | 10 | 10 | 11 | 14 | 121 | 174 | 76 | 12 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 13.8% | 11.1% | 8.0% | 6.2% | 10.6% | 11.8% | 12.0% | 9.9% | 9.0% | 5.7% | 2.4% | 3.3% | 4.4% | 8.0% | 8.3% | 7.4% |
| Profit As % Of Assets | 26.5% | 25.8% | 12.0% | 8.2% | 17.7% | 24.8% | 30.3% | 19.1% | 19.2% | 12.9% | 5.2% | 6.2% | 9.4% | 17.6% | 21.1% | 16.5% |
| Profit As % Of Networth | 27.2% | 26.9% | 12.5% | 8.5% | 18.4% | 25.6% | 31.3% | 19.6% | 19.7% | 13.4% | 6.2% | 8.0% | 10.7% | 18.3% | 21.1% | 16.5% |
| Interest Cost to EBITDA % | 0.4% | 1.2% | 1.0% | 0.9% | 0.8% | 0.2% | 0.4% | 0.6% | 0.7% | 2.0% | 13.2% | 9.2% | 3.3% | 1.2% | 0.4% | 0.5% |
| Debt to Equity Ratio | 0.01 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.17 | 0.26 | 0.13 | 0.02 | - | - |
| RONW | 30.5% | 23.4% | 13.3% | 8.9% | 20.2% | 29.3% | 31.3% | 21.7% | 21.7% | 14.4% | 6.3% | 8.3% | 11.3% | 20.2% | 18.8% | 18.0% |
| ROCE | 39.8% | 30.7% | 17.5% | 11.7% | 26.4% | 42.8% | 46.3% | 32.7% | 32.9% | 20.2% | 10.0% | 11.1% | 16.0% | 29.9% | 28.7% | 28.7% |