₹28055.0
-1.37% today
· 30d -6.86%
as of 2026-11-09
Price · Daily Candles
“3M India's Q4 Profitability Soars Despite Revenue Dip, FIIs Nibble Amidst Stretched Valuation.”
3M India's Q4 FY24 showcased strong net profit growth of 21.62% YoY alongside a 20.76% YoY increase in operating profit, despite a marginal revenue dip of 0.29% YoY. While profitability metrics are robust with a 10.17% profit margin, the stock trades at a premium with a TTM PE of 71.35 and a PB of 21.19, significantly above its intrinsic value of ₹2689.33, indicating a -91.9% margin of safety.
BULL CASE
+Q4 FY24 net profit increased by 21.62% YoY to ₹157 crore, underscoring strong earnings power despite minor revenue fluctuations.
+Operating profit for Q4 FY24 grew by 20.76% YoY to ₹227 crore, reflecting improved operational efficiency.
+The company maintains a high profit margin of 10.17%, demonstrating effective cost management within its operations.
+Forecasted sales growth ranks are strong, with sales_1y_stable_7y at 0.665 and sales_1y_rolling_4y at 0.634, suggesting consistent revenue expansion capacity.
+The stock has delivered a 1-year return of 13.04%, outperforming broader market indices.
BEAR CASE
−The stock is significantly overvalued with a TTM PE of 71.35 and an intrinsic value of ₹2689.33 per share, indicating a -91.9% margin of safety.
−Quarterly revenue saw a slight decline of 0.29% YoY to ₹1047 crore in Q4 FY24.
−Compared to peers, 3M India's TTM PE of 71.35 is considerably higher than SRF (44.41), THERMAX (69.35), and CARBORUNIV (67.9).
−ML predictions for FCF growth show mixed signals, with fcf_1y_recent_2y ranking at 0.449 and fcf_1y_rolling_4y at 0.392.
−Public shareholding saw a marginal increase of 0.04% QoQ as of March 2026, while DIIs decreased their stake by 0.06% QoQ.
⟳ What Changed
₹ Latest Earnings · Q ending 2024-06-30
REVENUE
₹1047 Cr
-0.29% YoY
NET PROFIT
₹157 Cr
+21.62% YoY
OPM
21.27%
+3.6pp YoY
EPS
₹139.5
PE 71.35
Intrinsic value · DCF: N/A — ML model predicts severe Δ FCF compression (h1=-0.5%, h2=+0.1%, h3=-1.5% of mktcap), driving projected FCF negative by year 3 despite healthy current FCF. Treating as forecast outlier rather than reporting a misleading ₹0 valuation. Use the Strategy Fit and ML sections instead.
◇ Sector Position
3M India's TTM PE of 71.35 positions it at a premium to peers like SRF (44.41 PE, 17.72% ROCE) and THERMAX (69.35 PE, 18.2% ROCE), suggesting a higher valuation relative to profitability.
PEERPEROCE %
3MINDIA71.35—
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ML Forward Growth Predictions 🔒
55
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
NEUTRAL
40
Valuation
STRETCHED
20
Growth
STRONG
83
Profitability
HIGH
75
Technicals
WEAK
33
Risk
LOW
80
Key Stats
TTM PE
71.35
P/B
21.19
52W HIGH
₹38030.0
OFF HIGH
-26.23%
DIV YIELD
0.48%
MKT CAP
₹31542 Cr
◉ Active Signals
MACDNeutral8.885
RSI(14)Bearish35.91
Near 52W LowBearish6.23
Street Consensus
1 analyst₹36726.0
mean target
Low ₹36726.0Now ₹28055.0High ₹36726.0
⧉ Strategy Fit 🔒