3M India
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=2357
Printed Date: 19/Apr/2025 at 7:30am
Topic: 3M India
Posted By: Monkey
Subject: 3M India
Date Posted: 02/Sep/2009 at 8:58pm
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This one is great company. Product range is very wide. Market is largely untapped, and hence, growth potential is very high. It is also a play on rupee appreciation as import content is very high in their product range. There is also a risk of de-listing due to very high prooter stake which also affects volume and liquidity.
Any opinion from members on this comapny being part of core long term portfolio?
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Replies:
Posted By: basant
Date Posted: 02/Sep/2009 at 9:16am
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Their closed attitude to shareholder queries did result in some commotion at their AGM in Bangalore last year. Nitin Jagtap was an eyewitness to that! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: rapidriser
Date Posted: 02/Sep/2009 at 9:44am
The company has not declared a single dividend till date. In terms of price performance - in 2000 its High/Low quote was Rs.815/Rs.412, while it is at Rs.1,540 today. Hardly an inspiring track record.
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Posted By: nitin_jagtap
Date Posted: 02/Sep/2009 at 10:34am
All is fine as far as the business is concerned in terms of high quality products, large untapped market, innovative products, etc etc issue is mainly when it comes to dividend/bonus , management is not clear on
why they havent done one so far, most of their policies are driven by the
head office I guess and so the Indian management doesnt and cant speak
much on these issues. Otherwise product range, marketing /distribution set up, cust service are all very good. They are mainly into trading business with margins upwards of 10 precent which is very good for a trading business. Some HNIs and real long term investors own this stock as I had met 3 diff analysts from small/unheard brokerages (india and outside india) who also attended the AGM to cover this company. ------------- Warm REgards Nitin Jagtap |
Posted By: kulman
Date Posted: 03/Sep/2009 at 12:02pm
3M also makes the now famous, much in-demand (thanks to swine flu) http://solutions.3m.com/wps/portal/3M/en_US/Health/Safety/Products/Catalog/?PC_7_RJH9U5230GE3E02LES9MG812H2_nid=J3S5SH0DBPbeF3RH7CD92Ngl - N95 Masks . |