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International Gemological Institute Ltd (IGIL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544311 NSE: IGIL Business Support | Small Cap | International Gemolo Share Price
₹343.65 -3.40 (-0.98%)
As on 12-Aug'26 16:59
International Gemological Institute Ltd (IGIL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544311 NSE: IGIL Business Support | Small Cap | International Gemolo Share Price
₹343.65 -3.40 (-0.98%)
As on 12-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹14,998 Cr.
Current Price
₹343.7
52-Week Low / High
₹287 / 392
TTM EPS
₹13.9
TTM Sales
₹1,070 Cr.
Book Value per Share
₹63.4
P/E Ratio
25.02
Lower than its 5-year historical median
Industry PE
23.8
Price to Book (P/B)
5.47
Lower than its 5-year historical median
Price to Sales (P/S)
14.01
Lower than its 5-year historical median
EV/EBITDA
18.04
Lower than its 5-year historical median
Dividend Yield
1.45%
Profitability Efficiency
Return on Equity (ROE)
30.23%
Outperforms industry median
Return on Capital Employed (ROCE)
40.39%
Outperforms industry median
Return on Assets (ROA)
27.98%
Operating Profit Margin
73.1%
Net Profit Margin
57.61%
Gross Profit Margin
74.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
27.57%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
59.95%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
64.25%
Asset Quality
Promoter Holding
76.55%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,654 Cr.
Equity
₹86.4 Cr.
Face Value
₹2
All Time Low / High
₹282.00 / 642.30
Check Before You Invest
Quality
Very GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is International Gemological Institute Ltd a good quality company?
International Gemological Institute Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does International Gemological Institute Ltd performance compare with that of its Peers?
Revenue growth of International Gemological Institute Ltd vs industry peers?
International Gemological Institute Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.35%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of International Gemological Institute Ltd?
Promoters hold 76.55% of the International Gemological Institute Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of International Gemological Institute Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 2.63% based on the current price.
DeciZen - make an informed investing decision on International Gemolo
Decision Maker
Standalone basis
1. Right Stock
10 Year X-ray Pro
Long Term Prospect
2. Right Price
3. Right Time ⓘ
#Likely Future 5 Year CAGR.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
International Gemological Institute Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Dec'21 | Dec'22 | Dec'23 | Dec'24 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 98% | 114.5% | 105.2% | 43.6% | 40.4% | - |
| Value Creation Index ⓘ | 6.3 | 7.5 | 6.8 | 2.2 | 2.0 | - |
Growth Parameters ⓘ |
||||||
| Sales ⓘ | 365 | 491 | 636 | 785 | 1,002 | 1,070 |
| Sales YoY Gr. | - | 34.6% | 29.6% | 23.5% | 27.6% | - |
| Adj EPS ⓘ | 4.3 | 6.2 | 8.3 | 10.2 | 13.3 | 13.9 |
| YoY Gr. | - | 42.4% | 35% | 22.4% | 31.3% | - |
| BVPS (₹) ⓘ | 6.1 | 8.6 | 13 | 50.6 | 47.9 | 63.4 |
| Adj Net Profit ⓘ | 172 | 244 | 329 | 439 | 577 | 599 |
| Cash Flow from Ops. ⓘ | 193 | 199 | 299 | 378 | 457 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 26.9% | 27.6% | ||||
| Adj EPS ⓘ | NA | NA | 29.5% | 31.3% | ||||
| BVPSⓘ | NA | NA | 77.2% | -5.4% | ||||
| Share Price | - | - | - | 2.7% | ||||
Key Financial Parameters ⓘ
| Dec'21 | Dec'22 | Dec'23 | Dec'24 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 70.7 | 83.6 | 76.9 | 32.5 | 30.2 | 24.9 |
| Op. Profit Mgn % ⓘ | 66 | 68.6 | 71.2 | 72.8 | 73.1 | 71.4 |
| Net Profit Mgn % ⓘ | 47.1 | 49.7 | 51.8 | 55.9 | 57.6 | 56 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 62 | 95 | 194 | 213 | 147 |
| Cash Conv. Cycle ⓘ | 0 | 7 | 29 | -10 | 5 | 129 |
Valuation of International Gemolo - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Mar'26 |
|---|---|---|---|---|---|
| Sales | 365 | 491 | 636 | 785 | 1,252 |
| Operating Expenses ⓘ + | 124 | 154 | 183 | 213 | 337 |
| Operating Profit ⓘ | 241 | 337 | 453 | 572 | 915 |
| Operating Profit Margin (%) | 66.0% | 68.6% | 71.2% | 72.8% | 73.1% |
| Other Income ⓘ + | 10 | 9 | 11 | 31 | 72 |
| Interest ⓘ | 2 | 2 | 2 | 2 | 3 |
| Depreciation ⓘ | 12 | 11 | 13 | 14 | 22 |
| Profit Before Tax ⓘ | 236 | 332 | 449 | 587 | 962 |
| Tax ⓘ | 65 | 88 | 119 | 148 | 241 |
| Profit After Tax | 172 | 244 | 330 | 439 | 721 |
| PAT Margin (%) | 47.0% | 49.8% | 51.8% | 55.9% | 57.6% |
| Adjusted EPS (₹) | 4.3 | 6.2 | 8.3 | 10.2 | 16.7 |
| Dividend Payout Ratio (%) | 86.40% | 59.80% | 42.40% | 24% | 30% |
| PARTICULARS | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 243 | 341 | 516 | 2,187 | 2,586 | ||||||
| Debt + | 0 | 0 | 0 | 0 | 0 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 15 | 5 | 10 | 48 | 19 | ||||||
| Others Liabilities ⓘ | 63 | 65 | 84 | 206 | 111 | ||||||
| Total Liabilities ⓘ | 320 | 412 | 610 | 2,441 | 2,716 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 93 | 108 | 115 | 119 | 141 | ||||||
| CWIP ⓘ | 0 | 0 | 20 | 36 | 62 | ||||||
| Investments ⓘ | 0 | 0 | 3 | 1,349 | 1,431 | ||||||
| Inventories | 0 | 0 | 1 | 1 | 1 | ||||||
| Trade Receivables | 34 | 63 | 108 | 144 | 258 | ||||||
| Cash Equivalents | 164 | 198 | 236 | 308 | 161 | ||||||
| Others Assets ⓘ | 29 | 41 | 127 | 485 | 662 | ||||||
| Total Assets ⓘ | 320 | 412 | 610 | 2,441 | 2,716 | ||||||
| PARTICULARS | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Mar'26 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 193 | 199 | 299 | 378 | 572 |
| Cash Flow From Investing Activity ⓘ + | -13 | -48 | -68 | -1,634 | -302 |
| Cash Flow From Financing Activity ⓘ + | -171 | -154 | -149 | 1,210 | -336 |
| Net Cash Flow ⓘ | 9 | -3 | 81 | -46 | -66 |
| PARTICULARS | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 70.71 | 83.67 | 76.89 | 32.5 | 30.23 | |||||
| ROCE (%) | 98.01 | 114.46 | 105.24 | 43.59 | 40.39 | |||||
| Asset Turnover Ratio | 1.14 | 1.34 | 1.28 | 0.53 | 0.51 | |||||
| PAT to CFO Conversion(x) | 1.12 | 0.82 | 0.91 | 0.86 | 0.79 | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 34.10 | 36.20 | 47.90 | 56.50 | 55.40 | |||||
| Inventory Days | 0.20 | 0.10 | 0.30 | 0.30 | 0.30 | |||||
| Payable Days | 3,057.80 | 1,769.60 | 814 | 2,787.70 | 7,838.40 | |||||
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International Gemological Institute Ltd FAQs
The current trading price of International Gemolo on 12-Aug-2026 16:59 is ₹343.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Aug-2026 the market cap of International Gemolo stood at ₹14,998.1 Cr
The latest P/E ratio of International Gemolo as of 11-Aug-2026 is 25.02.
The latest P/B ratio of International Gemolo as of 11-Aug-2026 is 5.47.
The 52-week high of International Gemolo is ₹392.0 and the 52-week low is ₹287.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of International Gemolo is ₹1,070 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that International Gemological Institute Ltd is a good quality company.
The key valuation ratios of International Gemological Institute Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of International Gemological Institute Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About International Gemological Institute Ltd
International Gemmological Institute (India) Limited was incorporated as ‘International Gemmological Institute (India) Private Limited’ at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated February 23, 1999, issued by the RoC. The company was subsequently converted into a public limited company and the name of the company was changed to ‘International Gemmological Institute (India) Limited’ and a fresh certificate of incorporation dated July 10, 2024 was issued by the RoC.
International Gemmological Institute (India) (IGI) was the first to provide certification and accreditation services among its global peers in 1999 and was the first international laboratory for diamonds, studded jewelry and colored stones certification to be established. It has built customer relationships over the years, by focusing on service quality and full-service offering across all types of diamonds, studded jewelry and colored stones certification and accreditation. Throughout this journey, it has aimed to provide its services with quality, accuracy, and integrity. The Pre-Acquisition Group has a diversified customer base spanning across the value chain of the diamonds, studded jewelry and colored stones industry.
Meanwhile, Post-Acquisition Group referring to IGI business globally, comprising the company, its subsidiary, the IGI Belgium Group and the IGI Netherlands Group, IGI is the world’s second largest independent certification and accreditation services provider based on revenue for CY2023 among global peers for diamonds, studded jewelry and colored stones certifications, with a global market share of around 33%, based on the number of certifications of diamonds, studded jewelry and colored stones performed in CY2023. It is one of the established reputed certifiers in the global market.
IGI’s operations first started in Belgium in 1975 through the establishment of IGI Belgium, and as of September 30, 2024, it has a global network of many branches which are equipped with IGI laboratories across countries and schools of gemology across countries. The company has the largest number of laboratories globally and the largest number of schools established, among its global peers. In 1980, IGI USA was the first to issue jewelry identification reports among its global peers.
Business area of the company
The company is an independent certification and accreditation services provider for diamonds, studded jewelry and colored stones certifications. The company is part of the International Gemmological Institute (IGI) group, and is responsible for the operation of the business under the ‘IGI’ brand exclusively in India and Turkey.
Awards, accreditations and recognitions
- 2011: Receipt of certificate of accreditation for ‘General Requirements for the Competence of Testing & Calibration Laboratories’ with accreditation standard ISO/IEC 17025:2005 for loose polished diamonds from National Accreditation Board for Testing and Calibration Laboratories.
- 2017: Awarded ‘Certificate of Appreciation’ by Ruban’s Healthcare Foundation for Children.
- 2021: Receipt of certificate of accreditation for “General Requirements for the Competence of Testing & Calibration Laboratories” with accreditation standard ISO/IEC 17025:2017 for laboratory grown diamonds from National Accreditation Board for Testing and Calibration Laboratories.
- 2022: Awarded for participation in the maiden B2B Expo by Gem and Jewellery Show.
History and milestones
- 1999: Incorporation of the company.
- 2019: Alpha Yu and Lorie Holding acquired the company from Hattron (India) Limited
- 2023: BCP TopCo acquired the company from the Alpha Yu and Lorie Holding.
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