SUBMITTED BY

Mohit Kumar (16) sUBMITTED TO : dR. NUPUR RAO

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VIDIT SHARMA (38)
 1. Overview: 3M's Product and Service Landscape
3M, a global science-based technology company, boasts a vast and diverse
portfolio of over 60,000 products catering to a wide range of industries and
consumer needs.

Here's a glimpse into their key product categories:

 Industrial: Abrasives, adhesives, sealants, tapes, films, filtration systems,

personal protective equipment (PPE), electrical materials, and more.
 Healthcare: Wound care, surgical products, drug delivery systems, dental
materials, infection prevention solutions, and medical tapes.
 Consumer: Home improvement products, office supplies, car care products,
filtration systems, air purifiers, and Scotch-brand tapes.
 Safety: Reflective materials, traffic safety products, fall protection equipment,
hearing protection, and respiratory protection.
 Electronics: Advanced materials for electronic components, touchscreens, and
displays.

Beyond products, 3M also offers a variety of services including:

 Technical support: Assistance with product selection, application, and

troubleshooting.
 Custom solutions: Developing and designing products to meet specific customer
needs.
 Training and education: Providing training on the safe and effective use of 3M
products.
 Sustainability consulting: Helping businesses reduce their environmental
impact.

3M's commitment to innovation and science drives their product development,

ensuring their offerings are constantly evolving to address new challenges and
meet the ever-changing needs of their customers.

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2. Technology Integration: Explore how 3M has utilized
technologies into its operations and product offerings

3M, a global science and technology company, boasts a vast, diverse portfolio
of over 60,000 products, spanning industries from healthcare to electronics and
consumer goods. Their secret sauce? Relentless innovation and an uncanny
ability to integrate cutting-edge technologies into their product offerings and
operations. Here's a glimpse into how 3M's tech integration shines:

Material Science Powerhouse: At the heart of 3M lies its strength in advanced

materials. From nanomaterials like graphene to ultra-thin films and composite
structures, 3M pushes the boundaries of material science, leading to products
with unique properties like strength, flexibility, and conductivity. Their Thinx™
breathable window film, for example, utilizes nanocoatings to control heat and
light while maintaining transparency.

Manufacturing with Efficiency: 3M leverages automation and robotics

extensively to optimize its production processes. Their 3M™ Advanced
Manufacturing Platform (AMP) integrates sensors, data analytics, and machine
learning to optimize production lines, minimizing waste and maximizing
efficiency. This not only enhances productivity but also ensures consistent,
high-quality products.

Digital Transformation: Recognizing the digital landscape's potential, 3M

actively embraces digital technologies like big data, AI, and the Internet of
Things (IoT). Their 3M™ Cloud Connect System collects data from their
products in real-time, enabling remote monitoring and predictive maintenance.
This empowers customers to optimize their own operations and proactively
address potential issues.

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Design and Prototyping: To accelerate innovation, 3M employs advanced
design and prototyping tools like 3D printing and virtual reality. These
technologies allow them to rapidly iterate on designs, test concepts, and bring
products to market faster. The 3M™ CADDrapid3D system, for instance,
enables rapid prototyping of complex parts, reducing development time and
costs.

Personalized Solutions: With the help of data analytics and AI, 3M is

increasingly offering customized solutions tailored to specific customer needs.
Their 3M™ Scott Safety Adflo™ Powered Air-Purifying Respirator uses AI-
powered sensors to adapt air flow and filters based on a worker's environment
and breathing patterns, providing personalized protection.

Beyond Products: 3M's technology integration extends beyond product

offerings. They utilize cutting-edge research and development facilities
equipped with advanced labs and testing equipment to continuously develop
new technologies and applications. 3M's Open Innovation Network actively
collaborates with universities, startups, and other companies to access and
harness external expertise, further fueling their innovation engine.

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3M India Ltd.
Executive Summary : Mar 2014 - Mar
2023 : Non-Annualised : Rs. Million
Mar-22 Mar-23
12 mths 12 mths
INDAS INDAS
-
Total income 31,143.10 37,976.80
Sales 30,783.00 37,334.50
Income from financial services 272.6 396.3

Change in stock 85.4 391.4

Total expenses 28,566.70 34,206.80

Raw materials, stores & spares 13,086.00 15,732.70
Power, fuel & water charges 140 203.9
Compensation to employees 3,507.00 3,655.30
Interest expenses 36.4 71
Depreciation 532.8 561.2

Profits
PBDITA 4,301.40 6,441.10
PBDITA net of P&E&OI&FI 3,941.30 5,798.80
Profit after tax (PAT) 2,661.80 4,161.40
PAT net of P&E 2,584.80 4,019.80

Total liabilities 33,129.50 29,697.80

Shareholders' funds 24,887.90 19,478.40
Paid up equity capital 112.7 112.7
Reserves and funds 24,775.20 19,365.70
Non-current liabilities (incl long term
provns) 663.7 627.4
Long term borrowings 68.2 135.9
Current liabilities incl short term provns 7,577.90 9,592.00

Net worth 24,887.90 19,478.40

Tangible net worth 24,882.30 19,475.30

Total assets 33,129.50 29,697.80

Non-current assets 10,433.10 10,634.70
Net fixed assets 2,907.90 3,224.20
Long term investments 5,048.00 5,048.00
Current assets (incl short term invest &
adv) 22,696.40 19,063.10

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Profitability ratios (%)
Operating margin 12.8 15.5
Net profit margin 8.3 10.6
Return on net worth 11 18.1
Return on total assets 8.2 12.8
Return on capital employed 10.9 17.9

Liquidity ratios (times)

Current ratio 3.12 2.03
Debt to equity ratio 0.01 0.014
Interest cover 97.701 77.992

Average cost of Funds (%) 15.4 27.8

Efficiency ratios (times)

Total income / total assets 0.99 1.209
Sales /NFA excl reval 11.422 12.177
Total income / compensation to
employees 8.858 10.351

Total Assets : Mar 2014 - Mar 2023 : Non-

Annualised : Rs. Million
Mar-22 Mar-23
12 mths 12 mths
INDAS INDAS
-
Net fixed assets 2,907.90 3,224.20
Intangible assets 5.6 3.1
Land 22.8 22.8
Buildings 1,144.20 1,290.30
Plant, machinery, computers & electrical
assets 1,431.10 1,575.30
Transport & commn equipment &
infrastructure 0 0
Furniture, social amenities & other fixed
assets 304.2 332.6

Capital work-in-progress 226 245.7

Net pre-operative exp pending allocation

Investments 5,048.00 5,048.00

Investment in equity shares 5,847.00 5,847.00
Less: adj to the carrying amount of
investments 799 799

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Current assets (incl long term portion excl
inv) 22,116.60 18,411.90
Inventories 4,534.80 5,676.10
Raw materials, packing material & stores &
spares 2,015.50 2,765.30
Raw material 1,936.30 2,682.70
Packing material 79.2 82.6
Stores & spares
Finished & semi-finished goods 2,519.30 2,910.80
Finished goods 2,356.30 2,704.40
Semi-finished goods 163 206.4
Stock of real estate (incl work in progress)
Stock of constructions (incl work in
progress)
Repossessed, hired & other stock of assets

Trade & bills receivables 5,278.80 6,239.30

Trade receivables, outstanding over six mths
Trade receivables, outstanding upto six mths

Other receivables 237.6 152.2

Accrued income including interest
receivables 42.5 150.5
Lease rent receivable
Receivables on account of exchange
fluctuations
Receivables for sale of investments
Other miscellaenous receivables (incl. lease
terminal adjustment) 195.1 1.7
Inter-office adjustments of receivables
Other non-banking current assets

Cash and bank balance 12,065.40 6,344.30

Cash balance
Bank balance 12,065.40 6,344.30

Loans & advances 2,484.60 2,466.60

Loans and advances to employees and
directors 4.3 5
Capital advances 79.9 20.2
Loans to cos, dept undrtkngs & bus ent
Loans provided to group companies
Deposits 955.5 956.5
Advances recoverable in cash or kind 89.2 138.1
Expenses paid in advance 1,355.70 1,346.80
Securitised assets & other loans

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 Assets held for sale and transfer

Deferred tax assets 346.4 301.4

Miscellaneous expenses not written off

Total assets 33,129.50 29,697.80

Revenue: 3M India's revenue grew by 22% from Rs. 31,143.10 million in

March 2022 to Rs. 37,976.80 million in March 2023. This growth was driven by
a 21% increase in sales from Rs. 30,783.00 million to Rs. 37,334.50 million.
Profitability: 3M India's profitability also improved during this period. Profit
before depreciation, interest, tax, and amortization (PBDITA) grew by 49%
from Rs. 4,301.40 million to Rs. 6,441.10 million. Profit after tax (PAT) grew
by 56% from Rs. 2,661.80 million to Rs. 4,161.40 million.
Expenses: 3M India's expenses also increased during this period, but at a slower
rate than revenue. Total expenses grew by 20% from Rs. 28,566.70 million to
Rs. 34,206.80 million. The largest increase in expenses was in raw materials,
stores, and spares, which rose by 20% from Rs. 13,086.00 million to Rs.
15,732.70 million.
Balance Sheet: 3M India's total assets decreased by 10% from Rs. 33,129.50
million to Rs. 29,697.80 million. This decrease was driven by a 21% decline in
current assets from Rs. 22,696.40 million to Rs. 19,063.10 million. However,
3M India's total liabilities also decreased, by 11% from Rs. 33,129.50 million to
Rs. 29,697.80 million. This decrease was driven by a 17% decline in long-term
liabilities from Rs. 24,775.20 million to Rs. 19,365.70 million.
Shareholders' funds: 3M India's shareholders' funds decreased by 22% from Rs.
24,887.90 million to Rs. 19,478.40 million. This decrease was due to a decline
in reserves and funds from Rs. 9,592.00 million to Rs. 7,577.90 million.

Total Liabilities : Mar 2014 - Mar 2023 :

Non-Annualised : Rs. Million
Mar-22 Mar-23
12 mths 12 mths
INDAS INDAS
-
Shareholder's funds 24,887.90 19,478.40
Total capital 112.7 112.7
Reserves and funds 24,775.20 19,365.70

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Share appln money & suspense account

Borrowings 244.4 267.3

Hire purchase loans 244.4 267.3
Deferred tax liability 72.8 79.2

Current liab incl long term portion &

excl borr 5,986.40 8,155.70
Sundry creditors 5,049.50 7,136.60
Sundry creditors for goods and services 5,018.90 7,116.70
Sundry creditors for capital works 30.6 19.9
Of which: sundry creditors from gp &
subs cos
Acceptances
Deposits & advances from customers and
employees 136.8 115.5
Security, trade and dealer deposits 103.4 72.7
Advances from customers on rev
account 33.4 42.8
Other current liabilities 800.1 903.6

Provisions 1,938.00 1,717.20

Corporate tax provision 414.6 340.8
Other direct & indirect tax provisions 208.1 196.3
Provision for bad and doubtful debts 482.7 474.3
Total dividend provisions
Dividend tax provision
Provision for employee benefits 506.3 397.5
Other provisions 317.2 299.2

Total liabilities 33,129.50 29,697.80

Some Key Ratios

Particular
2022 2023
Profitability ratios (%)
Operating margin
12.8 15.5
Net profit margin
8.3 10.6
Return on net worth
11 18.1
Return on total assets
8.2 12.8

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 Return on capital employed
10.9 17.9
Roe Ratio
26.88%
Liquidity ratios (times)
Current ratio
3.12 2.03
Debt to equity ratio
0.01 0.014
Interest cover
97.701 77.992

Average cost of Funds (%)

15.4 27.8

Efficiency ratios (times)

Total income / total assets
0.99 1.209
Sales /NFA excl reval
11.422 12.177
Total income / compensation to
employees 8.858 10.351

Profitability Ratio:
 The company's profitability has improved across all metrics measured in
the statement. This is a positive sign, as it suggests that the company is
becoming more efficient at generating profits from its revenue and assets.
 The net profit margin, which measures the percentage of revenue that is
left over as profit after all expenses have been paid, has increased from
8.3% to 10.6%. This is a good improvement, and it suggests that the
company is able to control its costs effectively.
 The return on net worth, which measures the profitability of the
company's equity, has also increased significantly, from 11% to
18.1%. This means that the company is generating a good return on the
investments made by its shareholders.
 The return on total assets, which measures the profitability of the
company's overall assets, has also improved, from 8.2% to 12.8%. This
suggests that the company is making good use of its assets to generate
profits.
Liquidity Ratio:

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  The current ratio, which measures the company's ability to pay its short-
term debts with its short-term assets, has decreased from 3.12 to
2.03. This could be a cause for concern, as it suggests that the company
may have difficulty meeting its short-term obligations. However, it's
important to compare this ratio to the industry average to get a better
sense of whether it's too low.
 The debt-to-equity ratio, which measures the company's financial
leverage, has remained very low at both 0.01 and 0.014. This is a good
sign, as it suggests that the company is not reliant on debt to finance its
operations.
Efficiency Ratio:
 The total income to total assets ratio, which measures the company's
ability to generate revenue from its assets, has improved from 0.99 to
1.209. This is a positive sign, as it suggests that the company is becoming
more efficient at using its assets to generate revenue.
 The sales to net fixed assets excluding revaluation ratio, which measures
the company's ability to generate sales from its fixed assets, has also
increased from 11.422 to 12.177. This suggests that the company is
making good use of its fixed assets to generate sales.
 The total income to compensation to employes ratio, which measures the
company's revenue generated per employee, has increased from 8.858 to
10.351. This suggests that the company is becoming more efficient at
generating revenue from its employees.
Average cost of funds:
 The average cost of funds has increased significantly, from 15.4% to
27.8%. This could be a cause for concern, as it suggests that the company
is paying more to borrow money. This could be due to rising interest rates
or a decrease in the company's creditworthiness.

Overall, the financial statement shows that the company has improved its
profitability in the past year. However, there are some areas of concern, such as
the decrease in the current ratio and the increase in the average cost of
funds. It is important to monitor these ratios and take steps to address any
problems if they continue to worsen

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