3M India Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 28713.71 Crore) operating in Diversified sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 834.38 Crore, up 11.68 % from last quarter Total Income of Rs 747.13 Crore and up 21.70 % from last year same quarter Total Income of Rs 685.59 Crore. Company reported net profit after tax of Rs 70.47 Crore in latest quarter.
Investment Rationale
The brokerage remains positive on 3M India due to competitive advantages like (1) strong brands, (2) established distribution network, (3) global relationships with large manufacturers and (4) access to parent’s technology pool. It maintains ADD with a DCF based TP of Rs26,900.
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of March 31, 2021, while FIIs held 6.4 per cent, DIIs 5 per cent and public and others 13.9 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
