3M India Ret. on equity
What is the Ret. on equity of 3M India?
The Ret. on equity of 3M India Limited is 11.23%
What is the definition of Ret. on equity?
Return on equity is a measure of the profitability of a business in relation to the book value of the shareholder equity. It is computed by dividing fiscal year net income by total shareholder equity.
ttm (trailing twelve months)
The return on equity (ROE) ROE is a measure of how well a company uses investments to generate earnings growth. ROE is used for comparing the performance of companies in the same industry. It indicated the management's ability to generate income from the equity available to it. ROEs of 15-20% are generally considered good. ROEs are also a factor in stock valuation, in association with other financial ratios. In general, stock prices are influenced by earnings per share (EPS), so that stock of a company with a 20% ROE will generally cost twice as much as one with a 10% ROE.
Ret. on equity of companies in the Industrials sector on BSE compared to 3M India
What does 3M India do?
3M India Limited engages in the manufacture and trade of various products for industrial, health care, consumer, safety and graphics, and electronics and energy markets in India. The company operates in four segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment offers vinyl, polyester, foil and specialty industrial tapes, adhesives, and other specialty materials; functional and decorative graphics; masking tapes; and abrasion-resistant films. This segment serves original equipment manufacturer and automotive aftermarket, electronics, appliance, and roofing granules. Its Health Care segment provides medical and surgical supplies, medical devices, drug delivery systems, dental and orthodontic products, and food safety products, as well as skin and wound care, and infection prevention products and solutions. The company Transportation and Electronics segment offers personal protection products; asset protection solutions; border control products; passive fire protection for industries and commercial; track and trace products; cleaning and hygiene products for the hospitality industry; traffic safety systems; commercial graphics; architectural markets; and mobile interactive solutions. Its Consumer segment provides office supply, stationery, home care, and protective material products for consumer retail, modern trade, and other retail channels. The company also exports its products. It serves automotive, commercial solutions, consumer, design and construction, electronics, energy, health care, manufacturing, mining, oil and gas, safety, and transportation industries. 3M India Limited was incorporated in 1987 and is based in Bengaluru, India. 3M India Limited is a subsidiary of 3M Company, USA.
Companies with ret. on equity similar to 3M India
- Protective Insurance has Ret. on equity of 11.22%
- Protective Insurance has Ret. on equity of 11.22%
- VBG AB (publ) has Ret. on equity of 11.22%
- Industrial & Commercial Bank of China has Ret. on equity of 11.22%
- South West Pinnacle Exploration has Ret. on equity of 11.22%
- Manpower Greater China has Ret. on equity of 11.23%
- 3M India has Ret. on equity of 11.23%
- PSI Software AG has Ret. on equity of 11.24%
- Sandstorm Gold Ltd has Ret. on equity of 11.24%
- Canadian Imperial Bank Of Commerce has Ret. on equity of 11.24%
- Porsche Automobil SE has Ret. on equity of 11.24%
- Taal Distributed Information Technologies has Ret. on equity of 11.24%
- Albioma has Ret. on equity of 11.24%