Q3 FY 2022 Review

3M India Limited reported net revenue of ₹82,628.09 lakhs for the quarter ended December 31, 2021, compared to ₹74,144.06 lakhsfor December 31, 2020. EBIT andProfit After Tax were ₹8,947.83 lakhs and ₹6,674.44 lakhsfor the quarter ended, 31, 2021, as compared to ₹8,159.93 lakhs and ₹5,938.71 lakhs, during the corresponding quarter of the previous year respectively.

3M India Limited - Investment Summary

Overview

• 3M India Limited is the flagship listed company of 3M company, of USA in India

• 3M company, USA holds a 75%stake in the company and is in the diversified business of technology and sciencewith a global presence.

• The company has manufacturing facilitiesin Ahmedabad, Bengaluru, and Pune.

• The company board of directors had approved the amalgamation of wholly-owned subsidiary 3M Electro & Communication Private Limited (Transferor company), into its holding company 3M India (Transferee company). The company has filed an application before NCLT for the approval of the merger and is waiting for the hearing date.

3M India Limited - Quarterly Summary

Business

• 3M India Limited was incorporated in the year 1987 with the name Birla 3M Pvt Limited.

• The company was converted into a public limited company in April 1989.

• In 2007, the Birla group exited from 3M by selling its stake to foreign institutional investors and others.

• 3M India is a diversified company engaged in manufacturing, and trading, a wide variety of products catering to Industrial, transportation, automotive, construction, engineering, healthcare, traffic and safety, household, and office segments.

• Its operations are broadly classified into 4 Business segments:

  • Safety and Industrial Business:

    • This segment includes businesses that serve the global industrial, electrical, and safety markets.

    • This business segment consists of personal safety, Industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarkets, and roofing granules.

  • Healthcare Business:

    • Products and services provided to these and other markets include medical and surgical supplies, oral care solutions (dental and orthodontic products), separation and purification sciences, inhalation and transdermal drug delivery, and food safety products.

  • Transportation and Electronics Business:

    • This segment includes businesses that serve global transportation and electronic original equipment manufacturer,and customers.

    • This business segment consists of electronics (display materials and systems, electronic materials solutions), automotive and aerospace, commercial solutions, advanced materials, and transportation safety.

  • Consumer Business:

    • This business serves global consumers and consists of home improvement, stationery and office supplies, home care, and consumer care.

    • This segment also includes, within the construction and home improvement Division, certain retail auto care product lines.

    • Products in this segment include office supply products, stationery products, home improvement products, home care products, protective material products, certain consumer retail personal safety products, and consumer healthcare products.

• Out of the total revenue,34% hasbeen generated from Transportation & Electronics, 39% from Safety & Industrial, 14% from Health care, 12% from Consumer, and 1% from othersin FY 2021 compared to35%, 38%, 16%, 11%and 1% in FY 2020, respectively.

3M India Limited - Revenue Trend

Topline and Bottomline trend (Lakhs)

Ratio Analysis