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3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
3M India's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 39.90%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for 3M India's 3-Year ROIIC % or its related term are showing as below:
NSE:3MINDIA's 3-Year ROIIC % is ranked better than 88.93% of 524
companies
in the Conglomerates industry
Industry Median: 1.71
vs NSE:3MINDIA: 39.90
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
3M India 3-Year ROIIC % Related Terms
3M India 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for 3M India's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Conglomerates subindustry, 3M India's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, 3M India's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where 3M India's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
3M India (NSE:3MINDIA) has a 3-Year ROIIC % of 39.90 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on 3M India and its competitors. According to the industry distribution chart, 3M India ranks #58 out of 524 companies in the Conglomerates industry, placing it in the top 11.1%.
Is 3M India's 3-Year ROIIC % too high?
3M India's current 3-Year ROIIC % is 39.90. The Conglomerates industry median 3-Year ROIIC % is 1.71. 3M India's value of 39.90 is 2233.3% above this industry median. Based on the distribution chart, 3M India ranks #58 out of 524 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 Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does 3M India's 3-Year ROIIC % compare to MMM and HON?
According to the Conglomerates industry distribution chart, 3M India ranks #58 out of 524 companies for 3-Year ROIIC %. This places 3M India in the top 11% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 1.71. 3M India's value of 39.90 is 2233.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Conglomerates company?
The median 3-Year ROIIC % among Conglomerates companies is 1.71, based on 524 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 3M India's current 3-Year ROIIC % of 39.90 is 2233.3% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on 3M India and its competitors. For the Conglomerates industry, the median 3-Year ROIIC % is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 3M India's current 3-Year ROIIC % is 39.90. 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 ₹38,484.97, compared to a current price of ₹35,805.00 — trading 7% below its estimated fair value. The current 3-Year ROIIC % is 39.90 and 2233.3% above the Conglomerates industry median of 1.71. 3M India's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For 3M India (NSE:3MINDIA), the current 3-Year ROIIC % is 39.90 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 ₹35,805.00 is trading 7% below its estimated GF Value™ of ₹38,484.97.
GuruFocus considers 3M India to be Fairly Valued.
Key valuation signals for NSE:3MINDIA:
3-Year ROIIC %: 39.90
GF Value™: ₹38,484.97 vs. price of ₹35,805.00 (7% below fair value)
Industry Position: 2233.3% above the Conglomerates median (#58 of 524)
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
Get the complete analysis for NSE:3MINDIA
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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