Whalesbook
Shareholder ke liye toh Eid hai!
3M India ke investors ke liye ekdum dhamakedar khabar aayi hai. Company ne saal FY26 ke liye ₹506 per equity share ka final dividend declare kiya hai. Ye bada payout possible hua hai kyunki Q4 mein company ka profit 3 guna se bhi zyada badhkar ₹215 crore ho gaya, jo pichhle quarter mein sirf ₹71.4 crore tha. Is dividend mein ₹346 ka special component bhi shamil hai, jo dikhata hai ki company shareholders ko importance deti hai. Jin investors ke paas 17th July tak shares honge, woh is dividend ke liye eligible honge. Annual General Meeting (AGM) jo August 2026 mein hogi, usmein isko final approval milegi, aur payment approval ke 30 din ke andar ho jayegi.
Pichhle saal July 2025 mein ₹160 ka dividend aur ₹375 ka special dividend diya tha, aur July 5, 2024 ko ₹685 per share diya tha. Lekin yeh ₹506 ka payout kaafi bada hai.
Q4 mein performance kaisi rahi?
Is bade dividend ke saath-saath, 3M India ne Q4 mein zabardast results bhi dikhaye hain. Revenue 16.8% badhkar ₹1,399 crore ho gaya, jo pichhle saal issi time ₹1,198 crore tha. Earnings before interest and taxes (EBIT) bhi 13.6% badhkar ₹257 crore ho gaya. Haan, operating margins thoda kam hokar 27.1% ho gaya, jo pichhle quarter mein 28.7% tha.
Poore FY26 ke liye, 3M India ka net profit 9.7% badhkar ₹522.32 crore ho gaya. Revenue 14.5% badhkar ₹5,089.76 crore pahunch gaya. Full-year EBITDA 23.2% badhkar ₹1,035 crore raha.
Market ka reaction kya hai?
News ke baad 3M India ke stock mein thoda upar-neeche dekhne ko mila. Share pehle toh 7.28% badhkar ₹34,545 tak pahunch gaya, lekin baad mein 3.25% badhkar ₹33,245 par trade hone laga. Issi beech, NSE Nifty 50 Index mein 0.33% ka halka uphaar tha. Dividend ki khabar ke bawajood, stock pichhle 12 mahine mein 9.94% gira hai aur is saal ab tak 5.45% neeche hai.
Volume bhi normal se kaafi zyada thi, jo investors ki badhti interest dikha rahi thi. Company ka Price-to-Earnings (P/E) ratio lagbhag 92.66 hai aur market cap ₹36,289.40 crore ke aas-paas hai. Analysts ka consensus target ₹33,000 hai, jismein ₹22,000 se ₹40,000 tak ke predictions hain.
Kuch concerns bhi hain...
Itne bade dividend ke baad bhi kuch challenges hain. Haal hi mein kuch reports ne 3M India ko 'Strong Sell' rating di hai, kyunki technical indicators aur financial performance kamzor lag rahe hain. Company ka Mojo Score ab 28.0 hai, jo valuation, financial trends aur market sentiment ko lekar chinta dikhata hai.
Return on Equity (ROE) 19.22% achha hai, lekin FY25-26 ke pehle 9 mahine ka net profit after tax (PAT) 24.15% kam ho gaya tha, aur ek recent quarter mein earnings per share (EPS) negative ho gaya tha. Stock ka Price to Book (P/B) ratio 16.3 hai, jo historical norms aur sector average se kaafi zyada hai, haalanki yeh peers ke average historical valuations se discount par trade kar raha hai.
Uske alawa, recent Q4 mein ₹62.05 crore ka net loss bhi hua hai. Yeh exceptional items jaise new labor codes aur Advance Pricing Agreement se tax impact ke karan hua hai, jo company ki profitability ki stability par sawal uthata hai. Iske competitors jaise Cummins India aur GE Vernova T&D India ke P/E ratios kaafi kam hain aur unke growth patterns bhi alag hain.