Buy 3M India, target price Rs 26000: ICICI Securities

ICICI Securities has buy call on 3M India with a target price of Rs 26000. The current market price of 3M India Ltd. is Rs 19980.1. Time period given by analyst is one year when 3M India Ltd. price can reach defined target.

3M India Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 22540.95 Crore) operating in Diversified sector.

3M India Ltd. key Products/Revenue Segments include Sale of Products, Sale of services, Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 833.97 Crore, down -1.72 % from last quarter Total Income of Rs 848.53 Crore and up 11.62 % from last year same quarter Total Income of Rs 747.13 Crore. Company reported net profit after tax of Rs 66.74 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 5.34 per cent, DIIs 5.45 per cent.