# 3M India (3MINDIA) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/3mindia

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹27,500
- Change: -6.22%
- As of: 2026-11-06
- 1D return: -6.22%
- 5D return: -5.14%
- 1M return: -8.41%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

As of the close on 2026-11-05, 3MINDIA trades at ₹29,325.0, reflecting a -22.1% drawdown from its available high and an -18.5% year-to-date return. The daily technical structure is bearish: price remains below all key moving averages (EMA/SMA 20/50/200) and the Supertrend indicator, with an established downtrend confirmed by an ADX of 34.85. Momentum indicators show selling pressure dominating (Minus DI 23.73 vs Plus DI 15.12). Despite this, the stock posted a +1.7% gain on 2026-11-05, marked by a high-severity upward gap anomaly (z-score 3.71), suggesting short-term buying interest within the broader decline.

On higher timeframes, the monthly trend shows conflicting signals: while price is below moving averages, the Supertrend remains bullish, and an active Inside Bar pattern suggests consolidation. Weekly trends remain weak (ADX 18.26) and bearish. Key resistance lies near ₹29,481.67 (0.53% above), while immediate support rests at ₹29,158.33 (0.57% below). Annualized volatility stands at +28.6%, indicating significant price fluctuation risk.

- Daily Trend: Bearish structure with price below all major MAs and Supertrend; ADX 34.85 confirms strong downward momentum.
- Recent Action: +1.7% gain on 2026-11-05 featured a high-severity upward gap anomaly, hinting at short-term bounce potential.
- Key Levels: Resistance at ₹29,481.67 (+0.53%) and Support at ₹29,158.33 (-0.57%).
- Higher Timeframe Context: Monthly Supertrend is bullish with an active Inside Bar, contrasting with weekly bearishness (ADX 18.26).
- Risk Metrics: Current drawdown is -22.1%; annualized volatility is +28.6%.

- Inside Bar
- Outside Bar
- Shooting Star
- Bullish Engulfing Reversal
- Doji
- Harami

### News Context

On 6 November 2026, 3M India reported its Q2 FY2026 results, revealing a 17% decline in net profit. The company attributed this contraction to two primary headwinds: a weaker Indian rupee and rising input costs. Following the announcement, market participants reacted sharply, with shares tumbling by up to 11%. This development occurred during a broader quarterly earnings window that included other major listed entities such as Hindalco, Bosch, Siemens, and Titan, but 3M India’s specific financial deterioration and subsequent equity price volatility represent the most material event for investors in this seven-day period.

- 3M India’s Q2 FY2026 net profit fell 17%, driven by currency weakness (weaker rupee) and higher input costs.
- Equity shares declined by up to 11% immediately following the Q2 results announcement on 6 November 2026.
- The earnings release was part of a wider Q2 FY2026 reporting season featuring companies like Hindalco, Bosch, and Siemens.

- [3M India Q2 net profit falls 17% on weaker rupee and rising input costs; shares tumble up to 11%](https://www.moneycontrol.com/news/business/markets/3m-india-q2-net-profit-falls-17-on-weaker-rupee-and-rising-input-costs-shares-tumble-up-to-11-14072918.html)
- [Q2 Results Today Live: Hindalco, Bosch, Siemens, Aster DM, Coromandel Intl, Gland Pharma, Voltas, Nuvama Wealth, 3M India to announce Q2 results, Bharti Airtel, LIC, Titan, ONGC, M&M shares in focus](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-hindalco-ind-bosch-siemens-aster-dm-coromandel-intl-gland-pharma-voltas-nuvama-wealth-3m-india-airtel-lic-titan-mahindra-ongc-company-results-06-november-2026/article71669522.ece)

### What Changed

On November 6, 2026, 3M India reported unaudited financial results for the quarter and half-year ended September 30, 2026, revealing a divergence between top-line growth and profitability. Revenue grew 14.7% year-over-year to ₹1,452.49 crores, yet profit after tax declined 17.2% to ₹158.48 crores. The company attributed this margin compression to rupee depreciation and rising input costs. Following the announcement, shares tumbled up to 11%, with the price observed at ₹29,325 on November 5, 2026, compared to ₹28,835 previously.

Concurrently, the Board executed significant governance changes effective November 7, 2026. Mr. Chun Hao Lok was appointed as an Additional Director (Non-Executive, Non-Independent), subject to shareholder approval via postal ballot, while Ms. Kong Sau Wai Elizabeth resigned to pursue opportunities outside 3M. The Audit, Stakeholders Relationship, and Risk Management committees were also reconstructed. These developments mark a shift in both financial performance drivers and board composition.

- Q2 FY2026 revenue rose 14.7% YoY to ₹1,452.49 crores, but PAT fell 17.2% to ₹158.48 crores due to currency and cost pressures.
- Shares dropped up to 11% post-results; last traded price recorded at ₹29,325 on November 5, 2026.
- Mr. Chun Hao Lok appointed as Additional Director effective November 7, 2026, pending postal ballot; Ms. Kong Sau Wai Elizabeth resigned effective November 6, 2026.
- Audit, Stakeholders Relationship, and Risk Management committees reconstructed effective November 7, 2026.

- [3M India Q2 net profit falls 17% on weaker rupee and rising input costs; shares tumble up to 11%](https://www.moneycontrol.com/news/business/markets/3m-india-q2-net-profit-falls-17-on-weaker-rupee-and-rising-input-costs-shares-tumble-up-to-11-14072918.html)
- [Q2 Results Today Live: Hindalco, Bosch, Siemens, Aster DM, Coromandel Intl, Gland Pharma, Voltas, Nuvama Wealth, 3M India to announce Q2 results, Bharti Airtel, LIC, Titan, ONGC, M&M shares in focus](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-hindalco-ind-bosch-siemens-aster-dm-coromandel-intl-gland-pharma-voltas-nuvama-wealth-3m-india-airtel-lic-titan-mahindra-ongc-company-results-06-november-2026/article71669522.ece)
- [3M India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/3MINDIALTD_06112026123313_OutcomeofBM6Nov26.pdf)
- [3M India Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/3MINDIALTD_06112026124356_OutcomeofBM6Nov26.pdf)

### Official Filings

3M India Limited reported unaudited financial results for the quarter and half-year ended September 30, 2026, on November 6, 2026. The company recorded a 14.7% year-over-year revenue growth to ₹1,452.49 crores (with Total Income at ₹1,463.66 crores), but Profit After Tax declined by 17.2% to ₹158.48 crores. Management attributed this profit contraction to rupee depreciation and input cost inflation.

Concurrently, the Board executed changes in its composition. Ms. Kong Sau Wai Elizabeth resigned as a Non-Executive Director effective November 6, 2026, to pursue opportunities outside 3M. Mr. Chun Hao Lok was appointed as an Additional Director (Non-Executive, Non-Independent) effective November 7, 2026, with a postal ballot initiated for shareholder approval of his permanent appointment. The Board also reconstructed its Audit, Stakeholders Relationship, and Risk Management committees.

In a separate development filed on October 26, 2026, the Board approved amendments to healthcare business agreements. These include extending the Distribution Agreement for continuing products by two years (to seven years from March 31, 2024) and removing certain divested products from the scope.

- Q2 FY2027 Revenue grew 14.7% YoY to ₹1,452.49 crores, while PAT fell 17.2% to ₹158.48 crores due to currency headwinds and input costs.
- Ms. Kong Sau Wai Elizabeth resigned as Director effective November 6, 2026; Mr. Chun Hao Lok appointed as Additional Director effective November 7, 2026, pending shareholder ratification via postal ballot.
- Board reconstructed Audit, Stakeholders Relationship, and Risk Management committees effective November 7, 2026.
- Healthcare Distribution Agreement extended by two years to seven years from March 31, 2024, with specific divested products removed from the agreement.

- [3M India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/3MINDIALTD_06112026123313_OutcomeofBM6Nov26.pdf)
- [3M India Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/3MINDIALTD_06112026124356_OutcomeofBM6Nov26.pdf)
- [3M India Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/3MINDIA_ROID_103969_KMP_Doc.zip)
- [3M INDIA LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1158_WebXMLFile_20261106_124355884.xml)
- [3M India Limited has informed the Exchange about General Updates - Amendment of the agreements executed in relation to the healthcare business |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/3MINDIALTD_26102026194055_261026.pdf)
- [3M INDIA LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1158_WebXMLFile_20261021_073635083.xml)
- [3M India Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/3MINDIA_ROID_100915_KMP_Doc.zip)
- [3M India Limited has informed the Exchange regarding Resignation of Ms Kong Sau Wai Elizabeth as Non- Executive Director of the company w.e.f. November 06, 2026. |SUBJECT: Resignation](https://nsearchives.nseindia.com/corporate/3MINDIALTD_21102026074404_211026.pdf)
- [Board Meeting Intimation |Meeting Date: 06-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1158_WebXMLFile_20261014_163331569.xml)
- [3M INDIA LIMITED has informed the Exchange about Board Meeting to be held on 06-Nov-2026 to consider and approve the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and Other business. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1158_WebXMLFile_20261014_163331569.xml)

### Fundamentals

3M India demonstrates a robust operating trajectory with accelerating revenue growth and improving profitability in the most recent quarter. For Q1 FY2026-27, revenue from operations rose sequentially to ₹1,423.21 crore, while net profit increased to ₹233.07 crore from ₹215.34 crore in Q4 FY2025-26. This sequential improvement was driven by a reduction in other expenses to ₹173.49 crore, despite a marginal rise in finance costs to ₹3.98 crore.

On an annual basis, the company’s financial health remains strong, supported by high returns on capital. Return on Capital Employed (ROCE) improved significantly to 50% for Mar 2026, up from 38% in prior years, indicating efficient utilization of invested capital. However, earnings quality faces headwinds as cash conversion efficiency declined; CFO/EBITDA share dropped to 82% in Mar 2026 from 111% in Mar 2024. This is accompanied by a lengthening Cash Conversion Cycle to 60 days and rising borrowings, which increased to ₹170 crore in Mar 2026 from ₹18 crore in Mar 2024. While long-term compounded sales growth stands at 11% over three years, the trailing twelve months (TTM) saw a contraction in profit growth (-11%), highlighting a divergence between top-line expansion and bottom-line pressure in the near term.

- Q1 FY2026-27 revenue grew sequentially to ₹1,423.21 crore, with net profit rising to ₹233.07 crore, aided by lower other expenses (₹173.49 crore).
- ROCE improved sharply to 50% in Mar 2026, reflecting enhanced capital efficiency, though borrowings have risen to ₹170 crore.
- Cash conversion metrics have deteriorated, with the Cash Conversion Cycle extending to 60 days and CFO/EBITDA share falling to 82% in Mar 2026.
- TTM profit growth has contracted by -11%, contrasting with a 16% TTM sales growth rate, signaling margin compression or cost pressures.

### Bear Case

3M India faces near-term headwinds from currency volatility and cost pressures, evidenced by a 17% decline in Q2 net profit attributed to a weaker rupee and rising input costs. This fundamental deterioration triggered a sharp market reaction, with shares tumbling up to 11% following the announcement. Technical indicators reinforce this caution: the daily Supertrend is bearish, supported by negative slopes across the 20-day EMA (-479.4), SMA 20 (-497.5), and SMA 50 (-489.1). The stock has underperformed significantly over longer horizons, recording a year-to-date return of -18.5% and a one-year return of -18.3%. Volatility remains elevated at an annualized 28.6%, with the price currently sitting 22.1% below its recent peak. While monthly trends remain bullish, the immediate daily and weekly momentum is clearly negative.

- Q2 net profit fell 17% due to a weaker rupee and rising input costs, causing shares to drop up to 11%.
- Daily technical trend is bearish (Supertrend down) with negative slopes on key moving averages (EMA 20, SMA 20, SMA 50).
- Stock is down 18.5% YTD and 18.3% over the past year, trading in a current drawdown of -22.1%.
- Annualized volatility stands at 28.6%, indicating significant price instability.

- [3M India Q2 net profit falls 17% on weaker rupee and rising input costs; shares tumble up to 11%](https://www.moneycontrol.com/news/business/markets/3m-india-q2-net-profit-falls-17-on-weaker-rupee-and-rising-input-costs-shares-tumble-up-to-11-14072918.html)
- [Q2 Results Today Live: Hindalco, Bosch, Siemens, Aster DM, Coromandel Intl, Gland Pharma, Voltas, Nuvama Wealth, 3M India to announce Q2 results, Bharti Airtel, LIC, Titan, ONGC, M&M shares in focus](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-hindalco-ind-bosch-siemens-aster-dm-coromandel-intl-gland-pharma-voltas-nuvama-wealth-3m-india-airtel-lic-titan-mahindra-ongc-company-results-06-november-2026/article71669522.ece)
- [3M India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/3MINDIALTD_06112026123313_OutcomeofBM6Nov26.pdf)
- [3M India Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/3MINDIALTD_06112026124356_OutcomeofBM6Nov26.pdf)
- [3M India Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/3MINDIA_ROID_103969_KMP_Doc.zip)
- [3M INDIA LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1158_WebXMLFile_20261106_124355884.xml)
- [3M India Limited has informed the Exchange about General Updates - Amendment of the agreements executed in relation to the healthcare business |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/3MINDIALTD_26102026194055_261026.pdf)
- [3M INDIA LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1158_WebXMLFile_20261021_073635083.xml)
- [3M India Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/3MINDIA_ROID_100915_KMP_Doc.zip)
- [3M India Limited has informed the Exchange regarding Resignation of Ms Kong Sau Wai Elizabeth as Non- Executive Director of the company w.e.f. November 06, 2026. |SUBJECT: Resignation](https://nsearchives.nseindia.com/corporate/3MINDIALTD_21102026074404_211026.pdf)

### FAQs

**How did 3M India perform financially in Q2 FY2026, and what were the primary drivers?**

For the quarter ended September 30, 2026, 3M India reported revenue of ₹1,452.49 crores, reflecting 14.7% year-over-year growth. However, profit after tax declined by 17.2% to ₹158.48 crores. The Board attributed this profit contraction to a weaker rupee and rising input costs.

**What changes occurred in 3M India’s board composition on November 6, 2026?**

The Board appointed Mr. Chun Hao Lok as an Additional Director (Non-Executive, Non-Independent), effective November 7, 2026, with shareholder approval sought via postal ballot. Concurrently, Ms. Kong Sau Wai Elizabeth resigned as a Director effective November 6, 2026. The Audit, Stakeholders Relationship, and Risk Management committees were also reconstructed effective November 7, 2026.

**How has the stock price reacted to the recent results announcement?**

Following the Q2 results disclosure, shares tumbled up to 11%. On November 5, 2026, the stock closed at ₹29,325.00, trading within a range of ₹29,090.00 to ₹29,665.00. The stock is currently down 18.5% year-to-date and has experienced a maximum drawdown of -23.4%.

**What updates were provided regarding 3M India’s healthcare business agreements?**

On October 26, 2026, the Board approved amendments to healthcare-business agreements. These include removing certain products divested by Solventum to Thermo Fisher from the Distribution Agreement and extending the agreement for continuing products by two years, totaling seven years from its March 31, 2024 execution date.

- [3M India Q2 net profit falls 17% on weaker rupee and rising input costs; shares tumble up to 11%](https://www.moneycontrol.com/news/business/markets/3m-india-q2-net-profit-falls-17-on-weaker-rupee-and-rising-input-costs-shares-tumble-up-to-11-14072918.html)
- [Q2 Results Today Live: Hindalco, Bosch, Siemens, Aster DM, Coromandel Intl, Gland Pharma, Voltas, Nuvama Wealth, 3M India to announce Q2 results, Bharti Airtel, LIC, Titan, ONGC, M&M shares in focus](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-hindalco-ind-bosch-siemens-aster-dm-coromandel-intl-gland-pharma-voltas-nuvama-wealth-3m-india-airtel-lic-titan-mahindra-ongc-company-results-06-november-2026/article71669522.ece)
- [3M India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/3MINDIALTD_06112026123313_OutcomeofBM6Nov26.pdf)
- [3M India Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/3MINDIALTD_06112026124356_OutcomeofBM6Nov26.pdf)
- [3M India Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/3MINDIA_ROID_103969_KMP_Doc.zip)
- [3M INDIA LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1158_WebXMLFile_20261106_124355884.xml)
- [3M India Limited has informed the Exchange about General Updates - Amendment of the agreements executed in relation to the healthcare business |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/3MINDIALTD_26102026194055_261026.pdf)
- [3M INDIA LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1158_WebXMLFile_20261021_073635083.xml)
- [3M India Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/3MINDIA_ROID_100915_KMP_Doc.zip)
- [3M India Limited has informed the Exchange regarding Resignation of Ms Kong Sau Wai Elizabeth as Non- Executive Director of the company w.e.f. November 06, 2026. |SUBJECT: Resignation](https://nsearchives.nseindia.com/corporate/3MINDIALTD_21102026074404_211026.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹29,360
- Risk regime: Price Risk Requires Attention

### Support levels
- 26840.475
- 26222.05
- 25718.15

### Resistance levels
- 27779.7625
- 29007.94375
- 29682.72897949219

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -6.22% |
| return_10 | -4.56% |
| return_1m | -10.83% |
| return_1y | -23.16% |
| return_20 | -8.41% |
| return_3m | -23.61% |
| return_5 | -5.14% |
| return_6m | -15.45% |
| return_since_start | -8.87% |
| return_ytd | -23.61% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -26.93% |
| annualized_volatility | +28.94% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# 3M India Limited Q2 FY2026-27: Profit declines as costs outpace sales

Revenue from operations rose 2.1% quarter on quarter and 14.7% year on year to ₹1,452 crore in Q2 FY2026-27. Profit before tax fell 29.7% from Q1 to ₹212 crore, while profit for the period declined 32.0% to ₹158 crore; higher expenses and the absence of the prior quarter’s exceptional-item effect are relevant to the comparison.

## Revenue advances, while expenses grow faster

Revenue from operations increased from ₹1,423 crore in Q1 FY2026-27 to ₹1,452 crore in Q2, extending a four-quarter rise from ₹1,228 crore in Q3 FY2025-26. Expenses rose 3.8% quarter on quarter to ₹1,251 crore, an increase of ₹45.52 crore, compared with a ₹29.28 crore rise in revenue. Other expenses increased 15.1% to ₹200 crore, up ₹26.25 crore from Q1.

The year-on-year comparison also shows a widening gap: revenue rose 14.7% from ₹1,266 crore in Q2 FY2025-26, while expenses increased 21.7% from ₹1,028 crore to ₹1,251 crore.

## Pre-tax profit and earnings fall from Q1

Profit before exceptional items and tax was ₹212 crore, down 7.3% from ₹229 crore in Q1 FY2026-27. Reported profit before tax declined 29.7% from ₹302 crore to ₹212 crore; the Q1 reported figure was higher than its pre-exceptional-items figure. Profit for the period fell to ₹158 crore from ₹233 crore, and earnings per share decreased to ₹140.68 from ₹206.90.

Year on year, profit before tax was down 15.3% from ₹251 crore, profit for the period fell 17.2% from ₹191 crore, and EPS declined 17.2% from ₹169.85. Tax expense decreased to ₹53.84 crore from ₹69.09 crore in Q1, while finance costs edged up 7.3% to ₹4.27 crore.

## Cash flows and closing cash balance

For the six months ended 30 September 2026, cash flow from operating activities was ₹300 crore and cash flow from investing activities was ₹68.75 crore. Free cash flow was ₹369 crore. Financing activities used ₹583 crore over the period.

Cash and cash equivalents stood at ₹597 crore on 30 September 2026, down from ₹812 crore on 31 March 2026. Trailing twelve-month EPS was ₹483.65.

## Working-capital balances and liabilities rise year on year

At 30 September 2026, inventories were ₹801 crore, up from ₹646 crore at 30 September 2025, and trade receivables were ₹874 crore versus ₹769 crore. Trade payables were ₹849 crore at the reporting date. Equity attributable to owners of the parent was ₹1,590 crore, compared with ₹1,610 crore a year earlier; noncurrent liabilities increased to ₹224 crore from ₹137 crore.

## Key Takeaway

Revenue continued to grow, but expenses rose faster both sequentially and year on year, accompanying lower profit and EPS. Operating cash flow and free cash flow were positive for the six-month period, while cash and cash equivalents were lower at the September reporting date and inventories and receivables were higher year on year.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +75.00%
- FII holding: +3.69%
- DII holding: +7.98%
- Mutual fund holding: +7.27%
- Retail holding: +8.45%
- Promoter pledged: +0.00%

### Major reported shareholders

- 3M COMPANY — +75.00% (Bodies Corporate)
- NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA INN — +2.51%
- BRIGHT STAR INVESTMENTS — +1.48%
- MIRAE ASSET MIDCAP FUND — +1.04%

## Official filings

- 2026-11-07 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIALTD_07112026184235_NPADQ2.pdf)
- 2026-11-06 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIALTD_06112026123313_OutcomeofBM6Nov26.pdf)
- 2026-11-06 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIALTD_06112026124356_OutcomeofBM6Nov26.pdf)
- 2026-11-06 — Management Change: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIA_ROID_103969_KMP_Doc.zip)
- 2026-11-06 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1158_WebXMLFile_20261106_124355884.xml)
- 2026-11-06 — Financial Results Filing: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754974_06112026062228_WEB.xml)
- 2026-10-26 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIALTD_26102026194055_261026.pdf)
- 2026-10-21 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1158_WebXMLFile_20261021_073635083.xml)
- 2026-10-21 — Management Change: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIA_ROID_100915_KMP_Doc.zip)
- 2026-10-21 — Management Change: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIALTD_21102026074404_211026.pdf)
- 2026-10-14 — Board Meeting Notice: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1158_WebXMLFile_20261014_163331569.xml)
- 2026-10-14 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1158_WebXMLFile_20261014_163331569.xml)
- 2026-10-14 — Board Meeting Notice: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIALTD_14102026164040_BMIntimation_Nov2026.pdf)
- 2026-10-14 — Shareholding Disclosure: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737839_14102026044218_WEB.xml)
- 2026-10-09 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIALTD_09102026131254_74.pdf)
- 2026-10-06 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIALTD_06102026211155_LetterSEESGrating.pdf)
- 2026-09-24 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_1158_WebXMLFile_20260924_165207030.xml)
- 2026-09-24 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIALTD_24092026173553_TWClosure.pdf)
- 2026-09-12 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIALTD_12092026222538_2026.pdf)
- 2026-08-27 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIALTD_27082026184933_270826.pdf)
- 2026-08-26 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIALTD_26082026142426_AGMOUTCOME.pdf)
- 2026-08-15 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIALTD_15082026202112_np.pdf)
- 2026-08-14 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIALTD_14082026130350_Outcome14826.pdf)
- 2026-08-11 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1158_WebXMLFile_20260811_195432736.xml)
- 2026-08-11 — Generic Announcement: 3M India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/3MINDIALTD_11082026195259_Letter_to_SE_Plant_Temp_Closure_Aug_2026.pdf)

## News and market events

- 2026-11-06 — The Hindu: **3M India Q2 profit down 17% at ₹158.4 crore on rupee slide, rising input costs** — 3M India Ltd reported a 17.2% year-on-year decline in second-quarter profit after tax to ₹158.4 crore, driven by Indian rupee depreciation and input cost inflation amid the West Asia Middle East crisis. Despite the profit drop, the company's revenue grew 14.7% year-on-year to ₹1,452.49 crore, with all four business segments posting revenue growth. — [Source](https://www.thehindubusinessline.com/companies/3m-india-q2-profit-down-17-at-1584-crore-on-rupee-slide-rising-input-costs/article71673973.ece)
- 2026-11-06 — IANSLIVE.IN: **3M India Q2 profit falls 17.2 pc to Rs 158 crore; shares tumble 10 pc** — 3M India reported a 17.2% decline in consolidated net profit to Rs 158 crore for the quarter ended September 30, 2026, despite a 14.7% rise in sales and other operating income to Rs 1,452 crore. The company's shares tumbled nearly 10% to close at Rs 26,400.05 on the BSE following the results announcement. Additionally, Non-Executive Director Kong Sau Wai Elizabeth resigned from the Board effective November 6, 2026. — [Source](https://ianslive.in/3m-india-q2-profit-falls-172-pc-to-rs-158-crore-shares-tumble-10-pc--20261106153024)
- 2026-11-06 — The Hindu: **3M India profit falls on weaker rupee and rising input costs, shares tumble** — 3M India reported a 17% decline in second-quarter profit to ₹158 crore, driven by a weaker rupee and a 19.6% jump in raw material costs linked to Middle East crisis inflation. Despite revenue rising 14.7% to ₹1,452 crore, the company's shares tumbled as much as 11%, reflecting investor concern over margin pressure amid rising expenses. — [Source](https://www.thehindubusinessline.com/companies/3m-india-profit-falls-on-weaker-rupee-and-rising-input-costs-shares-tumble/article71673477.ece)
- 2026-11-06 — MONEYCONTROL: **3M India Q2 net profit falls 17% on weaker rupee and rising input costs; shares tumble up to 11%** — 3M India reported a 17% decline in its Q2 net profit, attributing the drop to a weaker rupee and rising input costs. Consequently, the company's shares tumbled by up to 11% following the announcement. — [Source](https://www.moneycontrol.com/news/business/markets/3m-india-q2-net-profit-falls-17-on-weaker-rupee-and-rising-input-costs-shares-tumble-up-to-11-14072918.html)
- 2026-11-06 — The Hindu: **Q2 Results Today Live: Hindalco, Bosch, Siemens, Aster DM, Coromandel Intl, Gland Pharma, Voltas, Nuvama Wealth, 3M India to announce Q2 results, Bharti Airtel, LIC, Titan, ONGC, M&M shares in focus** — The Hindu Business Line is providing live updates on the Q2 FY2026 earnings announcements for a broad range of listed Indian companies, including Hindalco, Bosch, Siemens, and Titan. The report highlights that shares of major entities such as Bharti Airtel, LIC, ONGC, and Mahindra & Mahindra are in focus during this quarterly results season. — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-hindalco-ind-bosch-siemens-aster-dm-coromandel-intl-gland-pharma-voltas-nuvama-wealth-3m-india-airtel-lic-titan-mahindra-ongc-company-results-06-november-2026/article71669522.ece)
- 2026-08-27 — BUSINESS: **Volumes spurt at The Bombay Burmah Trading Corporation Ltd counter** — The Bombay Burmah Trading Corporation Ltd registered volume of 3.91 lakh shares by 10:45 IST on BSE, a 195.21 fold spurt over two-week average daily volume of 2003 shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-spurt-at-the-bombay-burmah-trading-corporation-ltd-counter-126082700279_1.html)
- 2026-08-17 — The Hindu: **Sensex today | Stock Market LIVE: Stock to buy today: Elgi Equipments (₹609.05)** — Sensex, Nifty, Share Prices Live updates: The  stock Elgi Equipments has been appreciating since February after it found support at ₹420. But after hitting a high of ₹634 on May 29, the price gradually moderated. The rally on Friday indicates that the scrip is likely beginning a new leg of rally now, which can potentially lift the stock to ₹740. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-17th-august-2026/article71354693.ece)
- 2026-08-14 — The Hindu: **Q1 Results Today Live: BDL, Ashok Leyland, 3M India Q1 PAT rise y-o-y, NATCO Pharma, Alkem Lab PAT decline, NMDC, Voltas, Cochin Shipyard, Physicswallah, PTC Ind, Borosil to announce Q1 results** — Q1 Results Today, 14th August 2026 Live Updates:  Follow Q1FY27 live updates from businessline — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-ashok-leylad-nmdc-alkem-lab-bharat-dynamics-voltas-3m-india-cochin-shipyard-physicswallah-cholamandalam-fin-ptc-ind-natco-pharma-tmpv-results-14-august-2026/article71340415.ece)
- 2026-08-14 — CNBC-TV18: **3M India Q1 profit jumps 31% as land sale boosts bottom line; margins contract** — 3M India reported a 31% rise in Q1 profit, helped by a ₹73 crore gain from a land sale, while revenue grew 19%. EBITDA remained broadly flat and margins contracted, highlighting pressure on underlying profitability. — [Source](https://www.cnbctv18.com/market/earnings/3m-india-share-price-q1-result-profit-rises-exceptional-gain-margin-contracts-19969554.htm)
- 2026-08-14 — The Hindu: **Sensex today | Stock Market Live: Sensex below 77,900, Nifty near 24,350 as West Asia tensions persist** — Sensex, Nifty, Share Prices LIVE:  Indian equities remained subdued in noon trade on Friday, with persistent West Asia tensions and continued foreign selling weighing on sentiment. Easing expectations of a September US Fed rate hike and softer crude prices offered limited support, restricting the market’s decline. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-14th-august-2026/article71341547.ece)
- 2026-08-14 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty Bank down 200 pts; AU Bank, SBI top losers** — Sensex Today | Stock Market LIVE Updates: We are the half way mark of the day's trade and the markets remain in red. The markets are under pressure, with the Nifty index falling towards the 24,300 mark. The Nifty Bank is also trading on similar ground, falling below the 57,500 mark. Tata Motors PV, Hindalco, Max Health are the top losers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-sensex-hdfc-bank-nifty-bank-q1-earnings-tata-motors-max-fin-defence-bdl-share-price-liveblog-19969121.htm)
- 2026-07-24 — CNBC-TV18: **3M India temporarily suspends Ahmedabad plant operations due to heavy rains, flooding** — Shares of 3M India Ltd ended at ₹35,456.00, down by ₹215.75, or 0.61%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/3m-india-share-price-temporarily-suspends-ahmedabad-plant-operations-due-to-heavy-rains-flooding-19953544.htm)
- 2026-07-16 — Economic Times: **Dividend alert! Last day to buy HCL Tech, MRF, Dabur, among 68 stocks for dividend payout worth Rs 1,365** — 68 stocks will turn ex-record date for dividends today. Investors must buy shares today to receive these upcoming dividend payments. HCL Tech, MRF, and Dabur are among the prominent companies offering payouts. 3M India leads with the highest overall dividend payout per share. This event marks the final opportunity for investors to secure these dividends. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/dividend-alert-last-day-to-buy-hcl-tech-mrf-dabur-among-68-stocks-for-dividend-payout-worth-rs-1365/articleshow/132428996.cms)

## Business profile

**Strategic vision:** Leverages science and technology for diverse product development.

### Business segments
- **Consumer:** Offers products for everyday use, including cleaning supplies and office supplies.
- **Healthcare:** Provides healthcare-related products and solutions.
- **Transportation:** Supplies products for the transportation industry.
- **Industrial:** Offers industrial products such as abrasives, adhesives, and electronic components.
- **Safety:** Provides safety equipment and solutions.

### Competitive strengths
- Leverages science and technology to engineer diverse products.
- Utilizes domestic R&D and manufacturing capabilities.
- Localizes global innovations for the Indian market.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/3mindia
Markdown representation: https://faxioms.com/stocks/3mindia?render=md