3M India Share Price

The company released the statement of financial results for the second quarter of the financial year spanning 2018-2019 and from those unaudited results, we can see the following:

1. The total income of the company for the quarter was Rs.697.50 crore. This was a solid decrease from the total income for the previous quarter when the total income of the company was Rs.710.07 crore.
2. The total income of the company is split into two parts, revenue from operations and other income. In the second quarter of the FY19, the other income showed a solid gain while revenue from operations took a hit.
3. The total expenses incurred by the company rose from Rs.556.87 crore in the previous quarter to Rs.598.92 crore in the second quarter of the financial year.
4. The increase in the expenses was noticed mainly through the increase in cost of materials consumed, employee benefits expense, and other expenses. These were the main areas in which the company incurred a significant increase in costs.
5. Profit before tax went down from Rs.153.20 crore in the first quarter of the year to Rs.98.58 crore in the second quarter.
6. The total tax expense incurred by the company for the quarter was Rs.34.73 crore while it was Rs.53.59 crore in the previous quarter.
7. Net profit for the quarter dropped from Rs.99.60 crore in the preceding quarter to Rs.63.84 crore in the current quarter.
8. Total comprehensive income for the quarter was Rs.63.77 crore. This was also a decrease from the previous quarter.
9. Basic and diluted earnings per share dropped from Rs.88.42 in the previous quarter to Rs.56.67 crore in the current quarter.

Q1 Results FY19

The company released the unaudited financial results statements for the first quarter of the new financial year that would span 2018-2019 and from this result, the following can be observed:

1. The total income of the company for the first quarter was Rs.710.07 crore. This was in contrast to the total income gained in the previous quarter at Rs.686.57 crore.
2. The total income comprises revenue from operations and other income of which both components saw a gain during the course of the quarter.
3. The total expenses incurred by the company totalled Rs.556.87 crore, which was an increase from the final quarter of the previous financial year. Major increases were observed in purchases of stock-in-trade. This component saw an increase from Rs.102.07 crore in the previous quarter to Rs.221.49 crore in the current quarter.
4. The profit before tax was Rs.153.20 crore while it was Rs.146.03 crore in the preceding quarter.
5. The tax expense increased from Rs.52.97 crore to Rs.53.59 crore over the course of the quarter.
6. The net profit for the quarter was observed to be Rs.99.60 crore. This was an increase from the net profit for the final quarter of FY18 at Rs.93.05 crore.
7. The total comprehensive income for the quarter was Rs.99.54 crore. This was an increase from the total comprehensive income for the previous quarter at Rs.94.62 crore.
8. The basic and diluted earnings per share increased from Rs.82.60 to Rs.88.42 over the course of the quarter.

Annual Report FY 2017-2018

The company released the annual report for the financial year spanning 2017-2018 and from the report, the following can be seen:

1. The total income of the company rose from Rs.2,507.31 crore in the previous year to Rs.2,624.01 crore in the current year.
2. There was a noticeable increase in the revenue from operations over the course of the year while there was a mild drop in other income derived by the company.
3. The cost of materials consumed ballooned from Rs.681.20 crore to Rs.811.63 crore during the course of the year.
4. There was also a solid increase in employee benefits expenses from Rs.280.03 crore to Rs.324.07 crore over the year.
5. The total expenses of the company were pegged at Rs.2,144.32 crore for the year. This was an increase from the total expenses incurred by the company during the previous year at Rs.2,138.09 crore.
6. Profit before tax for the year was Rs.479.68 crore. This was an increase from Rs.369.21 crore in the previous year.
7. The tax expense incurred by the company increased from Rs.128.46 crore over the course of the previous year to Rs.169.14 crore over the course of the current year.
8. The net profit for FY18 was Rs.310.53 crore while it was Rs.240.75 crore in FY17.
9. The total comprehensive income of the company for FY18 was Rs.310.27 crore and it was a solid increase from the previous year at Rs.238.31 crore.
10. The basic and diluted earnings per share increased from Rs.213.72 to Rs.275.66 over the course of the financial year ending March 2018.

Q4 Results FY18

3M India released the financial results for the final quarter of FY18 and from the results, the following can be observed:

1. The total income was Rs.686.57 crore. This was an increase from the total income in the previous quarter at Rs.670.43 crore.
2. Total income is split into revenue from operations and other income, the company saw an increase in the revenue from operations over the course of the quarter and a decrease in other income.
3. The total expenses incurred by the company rose from Rs.527.93 crore in the third quarter to Rs.540.54 crore in the final quarter.
4. The highest increase observed in the total expenses was related to the cost of materials consumed which ballooned from Rs.204.41 crore in the third quarter to Rs.275.26 crore in the final quarter.
5. The profit before tax for the quarter was Rs.146.03 crore. This was a slight increase from Rs.140.69 crore in the previous quarter.
6. The tax expense incurred by the company rose from Rs.48.98 crore in the third quarter to Rs.52.97 crore in the final quarter.
7. The net profit for the quarter was Rs.93.05 crore. This was very slight increase from the net profit in the previous quarter at Rs.91.70 crore.
8. The total comprehensive income for the quarter was Rs.94.62 crore while it was Rs.91.09 crore in the previous quarter.
9. The basic and diluted earnings per share saw a mild increase from Rs.81.41 to Rs.82.60.

3M India stock trends in 2018

1. In January 2018, the share price of a single share of 3M India was about Rs.19,264. This then fell to Rs.18,904 the very next day. Though the price did rise over Rs.19,000 again, the stock fluctuated a lot during the course of the month, even briefly going below Rs.18,000. The final price for the month was about Rs.18,796.
2. After some initial hiccoughs at the beginning of February 2018, the stock rose almost steeply to a high of Rs.21,706 at around the mid-month mark. The stock then declined in price again to close for the month at about Rs.20,717.
3. 3M India's stock kept falling in price over the course of the month of March 2018 and this trend continued till about the last few days of the month. The final price for the month was about Rs.19,412.
4. The price of the shares rose a little again in April 2018. But beginning from the second week of the month till the end of the month, the stock remained largely stable. The rates did not fluctuate by much. The final price for the month was about Rs.20,574.
5. The stock prices held steady till about mid-month in May 2018. During this time, the stock again dipped but closed for the month at about Rs.19,543.
6. June 2018 saw the price plummet during the first week of the month. The stock then rose in price but kept fluctuating. It is to be noted that the order of magnitude of the fluctuations was not much. The final price for the month was around Rs.19,637.
7. The stock remained mostly steady during the course of the first two weeks of July 2018. Then, later, the stock shot up to a high of about Rs.23,338. The stock continued to stay at that level until the end of the month and the final price for July 2018 was about Rs.23,420.
8. In August 2018, the price of the shares of 3M India rose to over Rs.25,000. The stock went a little over Rs.26,000 briefly, for a day, towards the close of the month. But the final price for the month of August 2018 was around Rs.25,945.
9. The stock fluctuated a lot in price over the course of September 2018. During this time, the stock kept plummeting in price compared to the previous months. The final price for the month was around Rs.22,568.
10. The stock dipped in price over the course of the first week of October 2018. The lowest price during this period was about Rs.21,400. Then, the stock appeared to recover over the course of the next week. The highest price during this time was about Rs.22,698. Then, the stock declined in price over the course of the remaining days of the month. The share price did not recover to previous levels again in that month. The final price for October 2018 was about Rs.19,842.
11. The price of the shares of the company rose a bit steadily over the course of November 2018. This was in spite of the fluctuations in the price over the course of the month. The final price for November 2018 was about Rs.21,634.

3M India stock trends in 2016 and 2017

Stock trends in 2017

1. The stock began trading at about Rs.11,056 on the first day of January 2017. This was followed by an increase in prices over the course of the first couple of weeks of the month. The stock then remained steady for most of the month of January 2017 but declined a little over the last couple of days. The final price for the month was about Rs.11,597.
2. The stock was on a downward trend over the course of February 2017 and the final price for the month was about Rs.11,164.
3. The stock did not fare all that well over the course of the next month, March 2017. However, the price of the stock rose a little over the course of the last few days of the month and the final price for the month of March 2017 was about Rs.11,567.
4. The stock appeared to gain a little in price over the course of April 2017 but then declined over the course of the last few days. The final price for the month was about Rs.11,499.
5. The month of May 2017 saw the price of the stock increase by a lot and touch a high price of Rs.14,130 (for the month). This high, however, did not last long. The stock then declined a little in price. It is to be noted that the stock price then recovered over the course of the next few weeks and the final price for the month was about Rs.13,835.
6. The price of the stock remained largely steady over the course of the month of June 2017. But the price of the stock dipped over the course of the final days of the month. This resulted in the closing price of the stock for the month being about Rs.13,236.
7. The stock performance over the course of July 2017 was not remarkable. The price remained mostly steady and the final price for the month was about Rs.13,378.
8. The share price fluctuated a lot over the course of the first two weeks of August 2017. But the stock price recovered soon after and the final price for the month was about Rs.14,743.
9. The price of the shares of the company remained largely steady over the course of the month of September 2017 and the final price for the month was about Rs.14,301.
10. The price of the stock did decline over the course of October 2017 but this decline was nothing to be alarmed about. The final price for the month was about Rs.14,190.
11. The stock spiked in price over the course of the first week of November 2017 and the stock reached a high of about Rs.16,000 during this period. Though the spike was not sustainable through the month and the stock did fall in price later, the stock managed to go over the Rs.16,000 mark again during the course of the month. But the stock did decline again to close for the month at about Rs.15,441.
12. Until the second week of December 2017, the stock did not rise much in price. After the mid-month mark, the stock kept rising in price for the rest of the month. The final price for December 2017 was about Rs.19126.

Stock trends in 2016

1. The stock began trading at a price of about Rs.11,321 in the first day of the month of January 2016. The stock then dropped in price over the course of the first two weeks to fall to about Rs.10,209 by the mid-month mark. The stock closed for the month at a price of around Rs.9,881.
2. The close of the first week of February 2016 saw the price of the stock spike by a lot. This resulted in a temporary high of about Rs.11,565. However, this price range was not sustained and the stock fell in price again. The stock plummeted again and the final price for the month was about Rs.10,382.
3. The price of the stock remained steady over the course of March 2016. The final price for the month was about Rs.10,724.
4. In April 2016, the stock saw a major spike in prices that caused it to shoot up to about Rs.14,080. This growth too was unsustainable and the price of the stock fell again. The final price for the month was about Rs.13,323.
5. In May 2016, the stock declined in price and the final price for the month was about Rs.12,415.
6. The stock did not perform very well over the course of June 2016 but the price of the stock increased over the course of the final few days of the month to close at about Rs.12,823.
7. July 2016 saw a strong spike in the price of the shares of the company. During the course of the first week of the month, the price of the stock shot up to Rs.13,986. While the stock did decline in subsequent weeks, there was another spike in the prices. While this spike did not last long, the high was about Rs.14,936. The stock closed for the month at about Rs.14,619.
8. The price of the stock declined sharply in the initial days of the month of August 2016 and then a little gradually over the course of the rest of the month. The final price for the month was about Rs.12,880.
9. The stock price remained largely steady over the course of September 2016 except for a fluctuation in the final days of the month. The final price for September 2016 was about Rs.12,883.
10. The stock remained largely steady in price over the course of October 2016 and increased a little over the last few days of the month to close at about Rs.13,296.
11. November 2016 marked a period of decline for the stock price and the final price for the month was about Rs.11,293.
12. While the stock decreased some more in price over the course of December 2016, the prices rose over the course of the last few days of the month. The final price for the month was about Rs.11,123.

Should you invest in 3M India stocks?

1. 3M India is a company that offers a range of products and is always in the process of innovating. The company produces newer and newer products aimed at different industries and needs.
2. As of 2018, the stock price of the company was over Rs.20,000, making it one of the highest priced stocks in India.
3. Over the course of the years 2009-2014, the company embarked on an expansion of its presence in India and its research and development segments.
4. The company has filed over 100 patents thus far making its intellectual property highly lucrative.
5. The company received the award, "Star MNC of the year 2017" from Business Standard.
6. The company has entered industries as varied as the automobile industry and the medical industry. This makes it one of the few segments to be valuable across industries, providing solutions for all.
7. The company introduced a customer scorecard initiative that it claims has improved its rankings exponentially.
8. The company has over 100 Car Care Stores in India.
9. The company has expanded into the East and North-East region in India. This is both a lucrative and challenging market. Lucrative because few companies establish a presence here. Challenging because some places in these regions are hard to reach. But this expansion is driving the growth of the company.
10. The company also mentors early-stage startups. This is being done by way of a Memorandum of Understanding (MoU) with the Government of Karnataka in India.
11. The company has introduced a number of revolutionary products for the industries it serves and remains a highly visible contributor to all of them.

Considering the company's footprint in the country, along with the research and innovation that it is spearheading, the company's stock could be a good investment that could potentially provide high returns. But it would be wise to keep in mind that stock prices are volatile and that it would best to invest in the stock after performing thorough research based on personal preferences, financial commitments and so on.

Company information

3M India produces products that are used in industries ranging from telecom to infrastructure, to utilities, to transport. The company has set up two research and development centres in India. These are located in Bangalore and Gurgaon.

History of the company

The history of 3M India Limited begins in the year 1987. During that year, the company was a private limited company. It was named Nav Electromed Private Limited. In February of the following year, the company was renamed as Birla 3M Private Limited. However, the company did not remain a private limited company for long. The following year, in 1989, it was converted into a public limited company. During this time, the company was formed by way of a joint venture between two companies—Minnesota Mining and Manufacturing Company in the USA, and Scimitar Investment and Trading Company Private Limited. During these initial days, the company was involved in the manufacture of connectors for telecommunication and pressure sensitive, special-coated tapes for medical applications. It was also involved in the manufacture of speciality chemicals. All of these were done near Bangalore in India.

The year 1988 was significant for the company because it was in this year that they signed an agreement that was aimed at knowledge transfer between the parent 3M organization and the company in India. In the year 1993, the company introduced tapes, stethoscopes, and overhead projectors for different markets. This was followed by the formation of a technical cell. This cell was aimed at modifying or tweaking products to suit local needs. This was necessary since the parent company's focus was on the international market which at that point in time was different from the Indian market. The years 1995 and 1996 saw the introduction of more products.

The year 1997 saw the acquisition of 25 acres of land by the company. This land was acquired near Pune in Maharashtra and it was procured in order to set up a factory. This year was also significant for the fact that the company introduced the Scotchgard brand. This was partly responsible for the 30% growth that the company experienced in sales turnover. What was notable about this growth was that this was visible in the first five months of the financial year.

Beginning in 1998, the company embarked on a series of partnerships, agreements, joint ventures, and acquisitions in order to consolidate its position in the market. This led to the company dominating the scene in India. In 2007, the company filed thirteen patents and in 2011, fourteen patents. The years 2011-2014 were marked by the company receiving a series of awards for its work.

Management of the company

The company is headed by the following individuals:

Bharat D. Shah - Chairman

Debarati Sen - Managing Director

Mamta Janak Gore - Chief Financial Officer

V. Srinivasan - Company Secretary & Compliance Officer

Other key people in the company include the following people:

Jong ho Lee - Non-Executive Director

B. V. Shankaranarayanan Rao - Whole-time Director

Radhika Rajan - Non-Executive Independent Director

Ramesh Ramadurai - Non-Executive Director

Albert C. Wang - Non-Executive Director

Amit Laroya - Non-Executive Director

Biren Gabhawala - Non-Executive Independent Director

Mr. Bharat D Shah

Mr. Bharat D Shah has been part of the Board of Directors of the company since the year 2015. He is a person who has experience in various fields. He was one of the founders of HDFC Bank Limited. He is also the Chairman of HDFC Securities Limited.

3M India listing information

The company is listed on the BSE and NSE under the following codes:

1. BSE: 523395
2. NSE: 3MINDIAEQ
3. IND: Diversified
4. ISIN Code: INE470A01017
5. SECT: Miscellaneous

The following indices contain the company:

1. Nifty 500
2. Nifty LargeMidcap 250
3. Nifty Midcap 150
4. Nifty MidSmallcap 400
5. S&P BSE 150 MidCap Index
6. S&P BSE 200
7. S&P BSE 250 LargeMidCap Index
8. S&P BSE 400 MidSmallCap Index
9. S&P BSE 500
10. S&P BSE AllCap
11. S&P BSE Industrials
12. S&P BSE LargeMidCap
13. S&P BSE MidCap
14. S&P BSE MidSmallCap

Location

The corporate office of 3M India is located at the following address:

3M India Limited, Concorde Block, UB City, #24, Vittal Mallya Road, Bangalore, Karnataka, India - 560 001

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The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.