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3M IndiaNSE:3MINDIA +0.64%84 Return-on-Tangible-Asset is 27.47% as of Mar. 2026, which is 78% above its 10-year median of 15.46. GuruFocus rates NSE:3MINDIA with a GF Score™ of 84/100 and a GF Value™ of ₹38,594.04 (Fairly Valued). The stock has 4 warning signs investors should review. Among 559 Conglomerates companies, 3M India ranks better than 96.06% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. 3M India's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹8,614 Mil. 3M India's average total tangible assets for the quarter that ended in Mar. 2026 was ₹31,359 Mil. Therefore, 3M India's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 27.47%.
The historical rank and industry rank for 3M India's Return-on-Tangible-Asset or its related term are showing as below:
NSE:3MINDIA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.47 Med: 15.46 Max: 19.57
Current: 17.79
During the past 13 years, 3M India's highest Return-on-Tangible-Asset was 19.57%. The lowest was 6.47%. And the median was 15.46%.
NSE:3MINDIA's Return-on-Tangible-Asset is ranked better than 96.06% of 559
companies
in the Conglomerates industry
Industry Median: 2.69
vs NSE:3MINDIA: 17.79
3M India (NSE:3MINDIA) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
3M India Return-on-Tangible-Asset Related Terms
3M India Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for 3M India's Return-on-Tangible-Asset 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 MMM, HON: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, 3M India's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, 3M India's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where 3M India's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 27.47% mean?
3M India (NSE:3MINDIA) has a Return-on-Tangible-Asset of 27.47% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on 3M India and its competitors. This is 78% above median its historical median of 15.46. Over the past decade, 3M India's Return-on-Tangible-Asset has ranged from 6.47 to 19.57. According to the industry distribution chart, 3M India ranks #22 out of 559 companies in the Conglomerates industry, placing it in the top 3.9%.
Is 3M India's Return-on-Tangible-Asset too high?
3M India's current Return-on-Tangible-Asset of 27.47% is 78% above median its 10-year median of 15.46. Over the past 10 years, this metric has ranged from a low of 6.47 to a high of 19.57. The Conglomerates industry median Return-on-Tangible-Asset is 2.69. 3M India's value of 27.47% is 921.2% above this industry median. Based on the distribution chart, 3M India ranks #22 out of 559 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 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does 3M India's Return-on-Tangible-Asset compare to MMM and HON?
According to the Conglomerates industry distribution chart, 3M India ranks #22 out of 559 companies for Return-on-Tangible-Asset. This places 3M India in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.69. 3M India's value of 27.47% is 921.2% above this benchmark. Historically, 3M India's own Return-on-Tangible-Asset has ranged from 6.47 to 19.57 over the past decade. While the company's 10-year median is 15.46 vs. the industry median of 2.69, 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 Return-on-Tangible-Asset for a Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.69, based on 559 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 3M India's current Return-on-Tangible-Asset of 27.47% is 921.2% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on 3M India and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 3M India's current Return-on-Tangible-Asset is 27.47%, which is 78% above median its own 10-year median of 15.46. 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 ₹38,594.04, compared to a current price of ₹36,165.00 — trading 6.3% below its estimated fair value. The current Return-on-Tangible-Asset is 27.47%, which is 78% above median its 10-year median of 15.46 and 921.2% above the Conglomerates industry median of 2.69. 3M India's overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For 3M India (NSE:3MINDIA), the current Return-on-Tangible-Asset is 27.47% 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 ₹36,165.00 is trading 6.3% below its estimated GF Value™ of ₹38,594.04.
GuruFocus considers 3M India to be Fairly Valued.
Key valuation signals for NSE:3MINDIA:
Return-on-Tangible-Asset: 27.47% (78% above median its 10-year median of 15.46)
GF Value™: ₹38,594.04 vs. price of ₹36,165.00 (6.3% below fair value)
Industry Position: 921.2% above the Conglomerates median (#22 of 559)
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.
84GF Score
Get the complete analysis for NSE:3MINDIA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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