Financials 3M India Limited NSE India S.E.

Equities

Market Closed - NSE India S.E. Other stock markets 05:13:47 10/05/2024 pm IST			5-day change	1st Jan Change
28,694 ^INR	-0.49%		-3.38%	-23.09%

01/04	3M India Limited Announces Agreements Executes in Relation to the Health Care Business	CI
12/02	3M India Posts Gains in Fiscal Q3 Consolidated Net Profit	MT

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,13,078	3,40,639	2,21,535	2,59,214	3,22,972	-	-
Enterprise Value (EV) ¹	2,13,078	3,40,639	2,21,535	2,59,214	3,22,972	3,22,972	3,22,972
P/E ratio	66.1 x	210 x	81.5 x	57.5 x	57.2 x	51.4 x	46.7 x
Yield	-	-	-	3.69%	0.52%	0.7%	0.87%
Capitalization / Revenue	7.13 x	13.1 x	6.64 x	6.55 x	7.67 x	6.71 x	5.86 x
EV / Revenue	7.13 x	13.1 x	6.64 x	6.55 x	7.67 x	6.71 x	5.86 x
EV / EBITDA	-	131 x	56.9 x	42.9 x	41.4 x	37 x	33.9 x
EV / FCF	-	242 x	85.5 x	64 x	129 x	59.3 x	53.8 x
FCF Yield	-	0.41%	1.17%	1.56%	0.77%	1.69%	1.86%
Price to Book	-	17.8 x	10.1 x	15.5 x	15.6 x	13 x	11.2 x
Nbr of stocks (in thousands)	11,265	11,265	11,265	11,265	11,265	-	-
Reference price ²	18,915	30,239	19,666	23,010	28,670	28,670	28,670
Announcement Date	29/05/20	28/05/21	27/05/22	30/05/23	-	-	-

¹INR in Million²INR

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	29,866	26,048	33,358	39,594	42,118	48,156	55,103
EBITDA ¹	-	2,595	3,892	6,043	7,807	8,721	9,523
EBIT ¹	-	-	-	-	7,115	7,936	8,653
Operating Margin	-	-	-	-	16.89%	16.48%	15.7%
Earnings before Tax (EBT) ¹	-	2,199	3,675	6,074	7,574	8,431	9,291
Net income ¹	-	1,624	2,720	4,510	5,642	6,281	6,922
Net margin	-	6.23%	8.15%	11.39%	13.4%	13.04%	12.56%
EPS ²	286.0	144.1	241.4	400.4	500.9	557.6	614.5
Free Cash Flow ¹	-	1,406	2,591	4,053	2,503	5,450	6,000
FCF margin	-	5.4%	7.77%	10.24%	5.94%	11.32%	10.89%
FCF Conversion (EBITDA)	-	54.17%	66.57%	67.06%	32.06%	62.49%	63.01%
FCF Conversion (Net income)	-	86.57%	95.27%	89.85%	44.36%	86.77%	86.68%
Dividend per Share ²	-	-	-	850.0	150.0	200.0	250.0
Announcement Date	29/05/20	28/05/21	27/05/22	30/05/23	-	-	-

¹INR in Million²INR

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	1,406	2,591	4,053	2,503	5,450	6,000
ROE (net income / shareholders' equity)	-	8.87%	13.3%	23.4%	30.1%	27.6%	25.8%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	-	1,696	1,938	1,489	1,840	2,198	2,562
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	391	683	602	700	750	800
Capex / Sales	-	1.5%	2.05%	1.52%	1.66%	1.56%	1.45%
Announcement Date	29/05/20	28/05/21	27/05/22	30/05/23	-	-	-

¹INR in Million²INR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

28,670 INR

Average target price

38,400 INR

Spread / Average Target

+33.94%

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