3M India Ltd (3MINDIA)

3M India Ltd's Stock Up by 16% in Three Months - 24 Sep, 2023

The stock of 3M India Ltd has risen by 16% over the past three months. The article focuses on the company's ROE and its role in the price change.

3M India's Balance Sheet Looks Solid Despite Increase in Debt - 06 Sep, 2023

3M India Ltd has increased its debt to ₹267.5m, but holds a net cash of ₹7.71b and liquid assets exceeding total liabilities by ₹4.02b.

3M India Pays 8,500% Dividend After 20 Years - 22 Aug, 2023

3M India, a subsidiary of US-based 3M Company, paid an 8,500% dividend in FY23 after not paying dividends for the past 20 years. Foreign promoters held 75% in the company.

3M India Inaugurates Abrasive Robotics Lab in Bengaluru - 18 Aug, 2023

3M India has opened its first abrasive robotics lab in India, located at its Bengaluru centre. The company now has 17 such labs globally and is investing in the Indian market.

3M India Records 53.4% Increase in Net Profit for June Quarter - 17 Aug, 2023

Material solutions company, 3M India, has recorded a net profit of Rs 129.21 crore for the June quarter, marking an increase of 53.4% from the same period last year. The company also inaugurated its first abrasive robotics lab in Bengaluru to meet rising demand for automation solutions.

3M India Stock Breaks Resistance Zone and Reaches New High - 14 Aug, 2023

3M India's stock broke out of a resistance zone on the weekly timeframe after more than two years and reached a new 52-week high of Rs 29,699.95.

3M India Reports Strong Financial Performance - 11 Aug, 2023

3M India reports strong financial performance with a YoY increase in net sales, net profit, EBITDA, and EPS. The stock also surpasses its 50-day moving average.

3M India Reports Strong Q1 Results - 10 Aug, 2023

3M India Ltd reported a strong Q1 with net profit surging by over 53%, aided by robust growth across all business segments. The company's revenue from operations grew by over 11% to Rs 10.50 billion.

Public Companies Own 75% of 3M India - 09 Aug, 2023

Institutional investors own 12%, hedge funds have no meaningful investment, and insider ownership is under 1%. The general public owns an 11% stake in the company.

3M India Declares Final Dividend - 26 Jul, 2023

3M India Ltd has declared a final dividend of Rs 100 per equity share with a face value of Rs 10. The stock will trade ex-dividend on July 26, 2023.

3M India Ltd declares 1000% dividend payout - 22 Jul, 2023

3M India Limited has declared a final dividend of Rs 100 per share equating to a 1000 percent payout as compared to the face value of Rs 10. The ex-dividend date is fixed for July 26, 2023.

3M India's ROCE Decreases in Short Term - 15 Jul, 2023

While 3M India's current ROCE of 32% is still higher than the industry average, it has decreased from 42% five years ago. Further analysis is recommended to determine its potential for strong performance.