3M IndiaNSE:3MINDIA -0.07%89 Gross Margin % is 39.78% as of Mar. 2026, which is 1% below its 10-year median of 40.28. GuruFocus rates NSE:3MINDIA with a GF Score™ of 89/100 and a GF Value™ of ₹38,090.78 (Fairly Valued). The stock has 2 warning signs investors should review. Among 514 Conglomerates companies, 3M India ranks better than 79.18% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. 3M India's Gross Profit for the
three
months ended in Mar. 2026 was ₹5,566 Mil. 3M India's Revenue for the
three
months ended in Mar. 2026 was ₹13,992 Mil. Therefore, 3M India's Gross Margin % for the quarter that ended in Mar. 2026 was 39.78%.
The historical rank and industry rank for 3M India's Gross Margin % or its related term are showing as below:
NSE:3MINDIA'
s Gross Margin % Range Over the Past 10 Years
Min: 35.58 Med: 40.28 Max: 46.69
Current: 42.37
During the past 13 years, the highestGross Margin % of 3M India was 46.69%. The lowest was 35.58%. And the median was 40.28%.
NSE:3MINDIA's Gross Margin % is ranked better than 79.18% of 514
companies
in the Conglomerates industry
Industry Median: 25.97
vs NSE:3MINDIA: 42.37
3M India had a gross margin of 39.78% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for 3M India was 3.20% per year.
3M India (NSE:3MINDIA) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
3M India had a gross margin of 39.78% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
3M India Gross Margin % Related Terms
3M India Gross Margin % Historical Data
* Premium members only.
The historical data trend for 3M India's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:3MINDIA vs HON, MMM: Gross Margin % Comparison
For the Conglomerates subindustry, 3M India's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
3M India Gross Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, 3M India's Gross Margin % distribution charts can be found below:
* The bar in red indicates where 3M India's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
3M India (NSE:3MINDIA) has a Gross Margin % of 39.78% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on 3M India and its competitors. This is near median its historical median of 40.28. Over the past decade, 3M India's Gross Margin % has ranged from 35.58 to 46.69. According to the industry distribution chart, 3M India ranks #107 out of 514 companies in the Conglomerates industry, placing it in the top 20.8%.
Is 3M India's Gross Margin % too high?
3M India's current Gross Margin % of 39.78% is near median its 10-year median of 40.28. Over the past 10 years, this metric has ranged from a low of 35.58 to a high of 46.69. The Conglomerates industry median Gross Margin % is 25.97. 3M India's value of 39.78% is 53.2% above this industry median. Based on the distribution chart, 3M India ranks #107 out of 514 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, 3M India has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does 3M India's Gross Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, 3M India ranks #107 out of 514 companies for Gross Margin %. This places 3M India in the top 21% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 25.97. 3M India's value of 39.78% is 53.2% above this benchmark. Historically, 3M India's own Gross Margin % has ranged from 35.58 to 46.69 over the past decade. While the company's 10-year median is 40.28 vs. the industry median of 25.97, 3M India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Conglomerates company?
The median Gross Margin % among Conglomerates companies is 25.97, based on 514 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 3M India's current Gross Margin % of 39.78% is 53.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on 3M India and its competitors. For the Conglomerates industry, the median Gross Margin % is 25.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 3M India's current Gross Margin % is 39.78%, which is near median its own 10-year median of 40.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 3M India stock overvalued right now?
Based on GuruFocus' analysis, 3M India (NSE:3MINDIA) is currently considered Fairly Valued. The stock's GF Value™ is ₹38,090.78, compared to a current price of ₹35,210.00 — trading 7.6% below its estimated fair value. The current Gross Margin % is 39.78%, which is near median its 10-year median of 40.28 and 53.2% above the Conglomerates industry median of 25.97. 3M India's overall GF Score™ is 89/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For 3M India (NSE:3MINDIA), the current Gross Margin % is 39.78% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is 3M India (NSE:3MINDIA) Overvalued in 2026?
Based on GuruFocus' analysis, 3M India stock appears to be undervalued.
The current stock price of ₹35,210.00 is trading 7.6% below its estimated GF Value™ of ₹38,090.78.
GuruFocus considers 3M India to be Fairly Valued.
Key valuation signals for NSE:3MINDIA:
Gross Margin %: 39.78% (near median its 10-year median of 40.28)
GF Value™: ₹38,090.78 vs. price of ₹35,210.00 (7.6% below fair value)
Industry Position: 53.2% above the Conglomerates median (#107 of 514)
No single metric tells the full story. See the NSE:3MINDIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
3M India Ltd is an Indian conglomerate operating in various industries. The company's operating segments are; the Safety and Industrial segment which offers solutions including personal safety products, industrial adhesives and tapes, abrasives, electrical products, and products for the automotive aftermarket. Transportation and Electronics which derives maximum revenue, consist of products for automotive and aerospace, commercial solutions, materials, and solutions for transportation safety. The Consumer business segment serves consumers with home care, office supplies and stationery, home improvement, and consumer healthcare products; and the Healthcare segment provides products and services such as medical and surgical supplies, oral care solutions and filtration.
89GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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