3M IndiaNSE:3MINDIA -0.46%87 Net Margin % is 15.39% as of Mar. 2026, which is 43% above its 10-year median of 10.76. GuruFocus rates NSE:3MINDIA with a GF Score™ of 87/100 and a GF Value™ of ₹37,906.43 (Modestly Undervalued). Among 548 Conglomerates companies, 3M India ranks better than 75% on this metric.
Net margin is calculated as Net Income divided by its Revenue. 3M India's Net Income for the
three
months ended in Mar. 2026 was ₹2,153 Mil. 3M India's Revenue for the
three
months ended in Mar. 2026 was ₹13,992 Mil. Therefore, 3M India's net margin for the quarter that ended in Mar. 2026 was 15.39%.
The historical rank and industry rank for 3M India's Net Margin % or its related term are showing as below:
NSE:3MINDIA'
s Net Margin % Range Over the Past 10 Years
Min: 6.24 Med: 10.76 Max: 13.93
Current: 10.26
NSE:3MINDIA's Net Margin % is ranked better than 75% of 548
companies
in the Conglomerates industry
Industry Median: 4.12
vs NSE:3MINDIA: 10.26
3M India (NSE:3MINDIA) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
3M India Net Margin % Related Terms
3M India Net Margin % Historical Data
* Premium members only.
The historical data trend for 3M India's Net 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.
For the Conglomerates subindustry, 3M India's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, 3M India's Net Margin % distribution charts can be found below:
* The bar in red indicates where 3M India's Net 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.
3M India (NSE:3MINDIA) has a Net Margin % of 15.39% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on 3M India and its competitors. This is 43% above median its historical median of 10.76. Over the past decade, 3M India's Net Margin % has ranged from 6.24 to 13.93. According to the industry distribution chart, 3M India ranks #137 out of 548 companies in the Conglomerates industry, placing it in the top 25%.
Is 3M India's Net Margin % too high?
3M India's current Net Margin % of 15.39% is 43% above median its 10-year median of 10.76. Over the past 10 years, this metric has ranged from a low of 6.24 to a high of 13.93. The Conglomerates industry median Net Margin % is 4.12. 3M India's value of 15.39% is 273.5% above this industry median. Based on the distribution chart, 3M India ranks #137 out of 548 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 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 3M India's Net Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, 3M India ranks #137 out of 548 companies for Net Margin %. This places 3M India in the top 25% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.12. 3M India's value of 15.39% is 273.5% above this benchmark. Historically, 3M India's own Net Margin % has ranged from 6.24 to 13.93 over the past decade. While the company's 10-year median is 10.76 vs. the industry median of 4.12, 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 Net Margin % for a Conglomerates company?
The median Net Margin % among Conglomerates companies is 4.12, based on 548 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 3M India's current Net Margin % of 15.39% is 273.5% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on 3M India and its competitors. For the Conglomerates industry, the median Net Margin % is 4.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 3M India's current Net Margin % is 15.39%, which is 43% above median its own 10-year median of 10.76. 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 Modestly Undervalued. The stock's GF Value™ is ₹37,906.43, compared to a current price of ₹33,380.00 — trading 11.9% below its estimated fair value. The current Net Margin % is 15.39%, which is 43% above median its 10-year median of 10.76 and 273.5% above the Conglomerates industry median of 4.12. 3M India's overall GF Score™ is 87/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For 3M India (NSE:3MINDIA), the current Net Margin % is 15.39% 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 ₹33,380.00 is trading 11.9% below its estimated GF Value™ of ₹37,906.43.
GuruFocus considers 3M India to be Modestly Undervalued.
Key valuation signals for NSE:3MINDIA:
Net Margin %: 15.39% (43% above median its 10-year median of 10.76)
GF Value™: ₹37,906.43 vs. price of ₹33,380.00 (11.9% below fair value)
Industry Position: 273.5% above the Conglomerates median (#137 of 548)
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.
87GF Score
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