3M India Ltd(3MINDIA)

NSE: 3MINDIABSE: 523395

₹ 28,745-3.40%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 32,381 crNext results: 6 Nov 2026Website: www.3m.comUpdated: 24 Oct 2026

About

3M India Ltd is the listed Indian subsidiary of 3M Company (USA), manufacturing and distributing science-based products across four business groups: Transportation & Electronics, Safety & Industrial, Health Care, and Consumer. It reported FY26 revenue of Rs 5089.76 Cr, with all four segments delivering double-digit growth. It operates a manufacturing facility at Ranjangaon (Pune) and a Customer Technical Center for local R&D and customer engagement.^[1][2]

Business segments

Transportation & Electronics: Rs 1,845.54 Cr, 36.3% of FY26 revenue, vs Rs 1,676.56 Cr in FY25; FY26 EBIT Rs 347.79 Cr at 18.8% margin.^[3][4]
Safety & Industrial: Rs 1,640.04 Cr, 32.2% of FY26 revenue, vs Rs 1,413.87 Cr in FY25; FY26 EBIT Rs 257.57 Cr at 15.7% margin.^[3][4]
Health Care: Rs 1,016.58 Cr, 20.0% of FY26 revenue, vs Rs 865.22 Cr in FY25; FY26 EBIT Rs 209.82 Cr at 20.6% margin, the highest of the four segments.^[3][4]
Consumer: Rs 537.24 Cr, 10.6% of FY26 revenue, vs Rs 464.86 Cr in FY25; FY26 EBIT Rs 94.11 Cr at 17.5% margin.^[3][4]
An 'Others' segment reported revenue of Rs 25.06 Cr in FY25; FY26 segment reporting shows four segments.^[4][3]

Segment growth

Health Care was the fastest-growing segment in FY26 at +17.5% YoY, reaching INR 1,017 cr.^[1]
Transportation & Electronics grew +16.0% YoY in FY26; Consumer grew +15.6% YoY.^[1]
Safety & Industrial grew +10.1% YoY in FY26, the slowest among the four business groups.^[1]

Operations and R&D

Manufacturing facility at Ranjangaon (Pune), opened 2008; produces tape coating, non-wovens, emission control materials and respirators.^[5]
3M India filed 173 patents in FY2025-26 through its local R&D operations.^[1]
Customer Technical Center hosted 5,150 visitors in FY2025-26, supporting customer-facing application development.^[1]

Customers and localisation

Tata Motors gave 3M India the Atmanirbhar Excellence Award in FY26 for localising 'absorber' in India.^[1]
Commercial strategy includes winning specifications at key automotive customers and entering body shop and finishing solutions.^[1]

Expansion and capex

Capital investments in FY25 were Rs 5,542.02 lakhs, up 76.42%.^[4]
Ranjangaon plant expansion is underway, with an expansion area identified at the existing site for capacity addition and new lines for selected portfolios; no investment or target date disclosed.^[1]
For-India new products are being developed for priority markets using local R&D.^[1]
Outsourcing and contract manufacturing are being strengthened as part of the local supply chain strategy.^[1]

Stated focus areas

FY25 annual report names the EV segment as a target for industrial adhesives.^[4]
FY25 annual report cites government infrastructure spending (rail cars, urban infra) and semiconductor fab investments as opportunities for its transportation safety and electronics businesses.^[4]
Stated risks include competition, foreign exchange, raw material and energy costs, IT security and asset impairments (FY25).^[4]

Recent developments

Aseem Joshi became Managing Director effective 1 April 2026, succeeding Ramesh Ramadurai, whose tenure ended 31 March 2026.^[5]
FY26 results included an Advance Pricing Agreement charge of INR 139 cr.^[1]

Market Cap

₹32,381 Cr

High / Low

₹38,300 / 28,747

Stock P/E

60.2

Price / Book

16.4

Book Value

₹1,570

EPS

₹463.7

No. of Shares

1.13 Cr

ROCE

50.1%

ROE

28.9%

OPM

18.9%

Debt / Equity

0.10

Sales

₹5,090 Cr

Net Profit

₹522 Cr

Promoter holding

75.0%

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3M India Ltd(3MINDIA)

About

Business segments

Segment growth

Operations and R&D

Customers and localisation

Expansion and capex

Stated focus areas

Recent developments

Signal history

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