3M IndiaNSE:3MINDIA +1.63%87 ROA % is 27.46% as of Mar. 2026, which is 78% above its 10-year median of 15.46. GuruFocus rates NSE:3MINDIA with a GF Score™ of 87/100 and a GF Value™ of ₹38,022.89 (Modestly Undervalued). Among 566 Conglomerates companies, 3M India ranks better than 97.53% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. 3M India's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹8,614 Mil.
3M India's average Total Assets over the quarter that ended in Mar. 2026 was ₹31,373 Mil. Therefore, 3M India's annualized ROA % for the quarter that ended in Mar. 2026 was 27.46%.
The historical rank and industry rank for 3M India's ROA % or its related term are showing as below:
NSE:3MINDIA'
s ROA % 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 ROA % was 19.57%. The lowest was 6.47%. And the median was 15.46%.
NSE:3MINDIA's ROA % is ranked better than 97.53% of 566
companies
in the Conglomerates industry
Industry Median: 2.515
vs NSE:3MINDIA: 17.79
3M India (NSE:3MINDIA) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
3M India ROA % Related Terms
3M India ROA % Historical Data
* Premium members only.
The historical data trend for 3M India's ROA % 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, 3M India's ROA % distribution charts can be found below:
* The bar in red indicates where 3M India's ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
3M India (NSE:3MINDIA) has a ROA % of 27.46% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total 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 ROA % has ranged from 6.47 to 19.57. According to the industry distribution chart, 3M India ranks #14 out of 566 companies in the Conglomerates industry, placing it in the top 2.5%.
Is 3M India's ROA % too high?
3M India's current ROA % of 27.46% 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 ROA % is 2.52. 3M India's value of 27.46% is 991.8% above this industry median. Based on the distribution chart, 3M India ranks #14 out of 566 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 ROA % compare to HON and MMM?
According to the Conglomerates industry distribution chart, 3M India ranks #14 out of 566 companies for ROA %. This places 3M India in the top 3% of its industry — outperforming the majority of peers. The industry median ROA % is 2.52. 3M India's value of 27.46% is 991.8% above this benchmark. Historically, 3M India's own ROA % 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 2.52, 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 ROA % for a Conglomerates company?
The median ROA % among Conglomerates companies is 2.52, based on 566 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 3M India's current ROA % of 27.46% is 991.8% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on 3M India and its competitors. For the Conglomerates industry, the median ROA % is 2.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 3M India's current ROA % is 27.46%, 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 Modestly Undervalued. The stock's GF Value™ is ₹38,022.89, compared to a current price of ₹33,435.00 — trading 12.1% below its estimated fair value. The current ROA % is 27.46%, which is 78% above median its 10-year median of 15.46 and 991.8% above the Conglomerates industry median of 2.52. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For 3M India (NSE:3MINDIA), the current ROA % is 27.46% 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 ₹33,435.00 is trading 12.1% below its estimated GF Value™ of ₹38,022.89.
GuruFocus considers 3M India to be Modestly Undervalued.
Key valuation signals for NSE:3MINDIA:
ROA %: 27.46% (78% above median its 10-year median of 15.46)
GF Value™: ₹38,022.89 vs. price of ₹33,435.00 (12.1% below fair value)
Industry Position: 991.8% above the Conglomerates median (#14 of 566)
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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