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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

₹369.20 7.50 (2.07%)

As on 05-Jun'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

₹369.20 7.50 (2.07%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹15,631 Cr.
Current Price
₹369.2
52-Week Low / High
₹287 / 443
TTM EPS
₹16.7
TTM Sales
₹1,252 Cr.
Book Value per Share
₹60
P/E Ratio
21.67
Lower than its 5-year historical median
Industry PE
23
Price to Book (P/B)
6.03
In line with its 5-year historical median
Price to Sales (P/S)
12.48
Lower than its 5-year historical median
EV/EBITDA
15.67
Lower than its 5-year historical median
Dividend Yield
0.44%
Profitability Efficiency
Return on Equity (ROE)
32.50%
Outperforms industry median
Return on Capital Employed (ROCE)
43.59%
Outperforms industry median
Return on Assets (ROA)
28.80%
Operating Profit Margin
72.8%
Net Profit Margin
55.93%
Gross Profit Margin
73.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
23.45%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
26.36%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
33.24%
Asset Quality
Promoter Holding
76.55%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,504 Cr.
Equity
₹86.4 Cr.
Face Value
₹2
All Time Low / High
₹282.00 / 642.30

International Gemological Institute stock performance

Key Ratios
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Quality

Somewhat Good
Check detailed performance

Valuation

Overvalued

Check Valuation charts

Price Trend

Strong
Check Price chart
Q.1 Is International Gemological Institute Ltd a good quality company?
International Gemological Institute Ltd is a average quality company, based on a somewhat consistent 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.

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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.

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How does International Gemological Institute Ltd performance compare with that of its Peers?
Q.1 Revenue growth of International Gemological Institute Ltd vs industry peers?
International Gemological Institute Ltd revenue CAGR is 29.14%, compared to the industry median CAGR of 15.11%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 Stock return of International Gemological Institute Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 0.66% based on the current price.
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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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Dec'21Dec'22Dec'23Dec'24TTM
ROCE % ⓘ98%114.5%105.2%43.6%-
Value Creation
Index ⓘ		6.37.56.82.2-

Growth Parameters ⓘ
Sales ⓘ3654916367851,252
Sales YoY Gr.-34.6%29.6%23.5%-
Adj EPS ⓘ4.36.28.310.216.7
YoY Gr.-42.4%35%22.4%-
BVPS (₹) ⓘ6.18.61350.660
Adj Net
Profit ⓘ		172244329439721
Cash Flow from Ops. ⓘ193199299378-
Debt/CF from Ops. ⓘ0000-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA29.1%23.5%
Adj EPS ⓘNANA33%22.4%
BVPSⓘNANA102.3%289.3%
Share Price - - - -8.3%

Key Financial Parameters ⓘ

Dec'21Dec'22Dec'23Dec'24TTM
Return on
Equity % ⓘ		70.783.676.932.530.2
Op. Profit
Mgn % ⓘ		6668.671.272.872.5
Net Profit
Mgn % ⓘ		47.149.751.855.957.6
Debt to
Equity ⓘ		00000
Working Cap
Days ⓘ		06295194232
Cash Conv.
Cycle ⓘ		0729-11202

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'21Dec'22Dec'23Dec'24
Sales365491636785
Operating Expenses ⓘ + 124154183213
Manufacturing Costs2223
Material Costs2234
Employee Cost 748896106
Other Costs ⓘ 476382101
Operating Profit ⓘ 241337453572
Operating Profit Margin (%) 66.0%68.6%71.2%72.8%
Other Income ⓘ + 1091131
Exceptional Items ⓘ 0000
Interest ⓘ 2222
Depreciation ⓘ 12111314
Profit Before Tax ⓘ 236332449587
Tax ⓘ 6588119148
Profit After Tax 172244330439
PAT Margin (%) 47.0%49.8%51.8%55.9%
Adjusted EPS (₹)4.36.28.310.2
Dividend Payout Ratio (%)86.40%59.80%42.40%24%

Valuation of International Gemolo - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'21Dec'22Dec'23Dec'24

Equity and Liabilities

Shareholders Fund + 2433415162,187
Share Capital ⓘ 00086
Reserves ⓘ 2423415162,101
Debt +0000
Long Term Debt0000
Short Term Debt0000
Minority Interest0000
Trade Payables1551048
Others Liabilities ⓘ 636584206
Total Liabilities ⓘ 3204126102,441

Fixed Assets

Net Fixed Assets ⓘ +93108115119
Gross Block149176202219
Accumulated Depreciation566787101
CWIP ⓘ 002036
Investments ⓘ 0031,349
Inventories0011
Trade Receivables3463108144
Cash Equivalents 164198236308
Others Assets ⓘ 2941127485
Total Assets ⓘ 3204126102,441

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'21Dec'22Dec'23Dec'24
Cash Flow From Operating Activity ⓘ + 193199299378
PBT ⓘ 236332449587
Adjustment ⓘ 6513-10
Changes in Working Capital ⓘ 0-42-29-57
Tax Paid ⓘ -48-96-133-141
Cash Flow From Investing Activity ⓘ + -13-48-68-1,634
Capex -4-9-38-27
Net Investments -18-38-33-277
Others ⓘ 9-12-1,330
Cash Flow From Financing Activity ⓘ + -171-154-1491,210
Net Proceeds from Shares ⓘ 0001,410
Net Proceeds from Borrowing ⓘ 0000
Interest Paid ⓘ -2-2-2-2
Dividend Paid ⓘ -148-146-140-190
Others ⓘ -22-5-7-8
Net Cash Flow ⓘ 9-381-46

Financial Ratio

PARTICULARSDec'21Dec'22Dec'23Dec'24
Ratios
ROE (%)70.7183.6776.8932.5
ROCE (%)98.01114.46105.2443.59
Asset Turnover Ratio1.141.341.280.53
PAT to CFO Conversion(x)1.120.820.910.86
Working Capital Days
Receivable Days34.1036.2047.9056.50
Inventory Days0.200.100.300.30
Payable Days3,057.801,769.608142,787.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

International Gemological Institute Ltd FAQs

The current trading price of International Gemolo on 05-Jun-2026 16:59 is ₹369.2.

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 04-Jun-2026 the market cap of International Gemolo stood at ₹15,631.2 Cr

The latest P/E ratio of International Gemolo as of 04-Jun-2026 is 21.67.

The latest P/B ratio of International Gemolo as of 04-Jun-2026 is 6.03.

The 52-week high of International Gemolo is ₹442.5 and the 52-week low is ₹287.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of International Gemolo is ₹1,252 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that International Gemological Institute Ltd is a average 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 Strong which suggest that the price of International Gemological Institute Ltd is likely to Rise 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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