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International Gemological Institute

IGIL NSE
₹402.00 −5.85 (−1.43%)
P/E
28.49
View as Markdown
MCP
Close 4 Nov 2026 ₹402.00 +34.30 +9.33% 1Y
Start ₹367.70

Key Fundamentals

SmallcapCommercial ServicesServices

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
69.20%
Debt to Equity
0.10
EPS (TTM)
₹14.11
Book Value
₹40.51
Market Cap
—
P/E (TTM)
28.49
P/B
9.92
ROE
55.80%
Dividend Yield
0.63%
EBITDA
₹1,037 Cr
52W High
₹420.60
52W Low
₹287.00
Day Range
₹398.75 – ₹410.45
Volume
11,07,263

Peer Comparison

Services › Commercial Services › Diversified Services › Diversified Commercial Services

International Gemological Institute peer comparison
International Gemological Institute (this company)
₹402.0028.49₹17,550 Cr9.920.63%55.80%69.20%₹1,363 Cr₹611 Cr
WeWork India Management
₹680.50111.74₹9,206 Cr27.760.00%27.90%12.60%₹2,578 Cr₹82 Cr
Nesco
₹1,040.4017.60₹7,372 Cr2.330.68%14.80%18.50%₹951 Cr₹417 Cr
Indiabulls
₹31.2816.82₹7,118 Cr2.050.00%23.10%16.20%₹1,101 Cr₹488 Cr
Nirlon
₹633.5015.99₹5,724 Cr12.184.72%83.80%30.80%₹674 Cr₹357 Cr
Leap India
₹116.4522.39₹5,030 Cr3.400.00%9.82%9.21%₹821 Cr₹75 Cr
Median 6 companies₹517.7520.00₹7,245 Cr6.660.32%25.50%17.35%₹1,026 Cr₹387 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

56 Good

Data confidence 98/100

Category scores

Quality
74
Strong
Returns, margins, earnings quality 22% weight
Valuation
34
Poor
Cheap vs sector & own history 24% weight
Growth
61
Good
Sales & profit trajectory 9% weight
Financial Health
87
Strong
Solvency, leverage, coverage 9% weight
Momentum
81
Strong
Trend strength, vol-adjusted 12% weight
Ownership
42
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

2
  • Stock is trading at 9.35 times its book value
  • Working capital days have increased from -103 days to 113 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3313
OscillatorsNeutral333
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
72.58
Bearish
MACD (12,26,9)
22.00
Bullish
SMA (50)
337.16
Bullish
SMA (200)
340.13
Bullish

As of

Analyst Rating

Based on 4 analysts
BUY100%

4 of 4 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
4
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
TTM+21.68%

Net profit

Net profit growth by window
TTM+24.19%

Operating margin· change in pp

Operating margin growth by window
TTM+0.95 pp

Annual windows: The latest fiscal year is not twelve months long, so it does not compare with earlier years.

Analyst Forecasts

Forecast For
Mar 27 consensus · EBITDA
₹222 Cr −15.8% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk medium

International Gemological Institute Limited (IGIL) trades at ₹397.75 as of 2026-10-30 with a market cap of ₹17,189 Cr, a trailing PE of 28.19x, and a price-to-book of 9.82x. The company exhibits strong profitability metrics with ROE of 47.8% and ROCE of 58.83% on a near-debt-free balance sheet (debt-to-equity of 0.10), though working capital days have deteriorated significantly and the stock trades at a rich valuation relative to book value.

Bull Case 7
  • Exceptional return on equity of 47.8% (last year 56%) indicates highly efficient capital deployment relative to most commercial services peers
  • ROCE of 58.83% reflects strong operating profitability and capital-light business characteristics
  • Near debt-free balance sheet with debt-to-equity of just 0.10, providing financial resilience and flexibility for expansion
  • TTM sales growth of 22% and 3-year compounded sales CAGR of 48% demonstrate rapid revenue scaling
  • TTM profit growth of 24% and 3-year compounded profit CAGR of 43% show sustained earnings momentum
  • Current price of ₹397.75 is 38.6% above the 52-week low of ₹287, indicating recovery from recent lows
  • Dividend yield of 0.63% provides a modest income component, notable for a high-growth commercial services company
Bear Case 6
  • Working capital days have deteriorated sharply from -103 days to 113 days, a swing of over 200 days signalling potential cash conversion and operational efficiency concerns
  • PE of 28.19x TTM demands sustained high earnings growth to justify the current valuation
  • 1-year stock CAGR of -3% shows the stock has underperformed despite strong underlying profit growth of 24% TTM, suggesting market scepticism about forward earnings sustainability
  • Limited long-term track record — 3-year, 5-year and 10-year stock CAGR, ROE history and compounded growth data are unavailable, making it difficult to assess durability of recent performance
  • Market cap of ₹17,189 Cr on EPS of ₹14.11 implies the market is pricing in significant future growth; any slowdown in the gemological certification industry could compress multiples
  • Stock is 5.4% below its 52-week high of ₹420.60, indicating potential overhead resistance from recent buyers

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Limited recent news flow for IGI. The company received a mid-range ESG score of 63 for FY26, which signals room for improvement on sustainability metrics but is not a material catalyst in either direction. With no positive or negative developments reported, the near-term outlook hinges on upcoming earnings and broader sector trends.

Neutral 1
  • ESG score of 63 for FY26 Oct 16

    IGI received an overall ESG score of 63 from NSE Sustainability for FY26, based on an independent assessment using public domain data.

Quarterly Results

₹ Cr
IGIL quarterly results, ₹ crore
Particulars Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
250
278
260
250
265
305
301
304
320
369
371
398
Expenses
121
105
133
103
113
109
127
128
128
133
147
154
Operating Profit
128
173
127
147
152
196
174
176
191
236
224
245
OPM %
51%
62%
49%
59%
57%
64%
58%
58%
60%
64%
60%
61%
Other Income
9
12
3
9
12
8
14
12
11
18
16
19
Interest
4
3
2
2
1
3
2
2
2
3
3
2
Depreciation
13
12
13
6
10
10
10
11
12
13
14
16
PBT
121
171
114
147
153
191
175
175
188
239
223
246
Tax %
35%
26%
32%
26%
26%
26%
28%
26%
29%
25%
26%
24%
Net Profit
78
126
78
110
114
141
127
130
135
180
166
186
EPS (₹)
—
—
1.96
2.76
2.63
3.26
2.93
3
3.11
4.16
3.84
—

Sep 2026: from the results filed on 21 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
IGIL profit and loss, annual, ₹ crore
Particulars Dec 2022Dec 2023Dec 2024Mar 2026 15mTTM
Sales
491
898
1,053
1,598
1,363
Expenses
156
401
453
623
536
Operating Profit
335
497
600
974
827
OPM %
68%
55%
57%
61%
61%
Other Income
8
11
35
64.22
58
Interest
3
11
9
12.39
10
Depreciation
12
42
41
56
50
PBT
329
455
585
969
825
Tax %
27%
27%
27%
27%
—
Net Profit
242
331
427
711
610
EPS (₹)
—
—
9.89
16.46
14.11
Div. Payout %
0%
0%
25%
15%
—

Balance Sheet

₹ Cr
IGIL balance sheet, annual, ₹ crore
Particulars Dec 2022Dec 2023Dec 2024Mar 2026
Equity Capital
0.4
0.4
86
86
Reserves
339
−605
976
1,402
Borrowings
27
151
145
143
Other Liabilities
43
1,484
296
223
Total Liabilities
409
1,031
1,504
1,853
Fixed Assets
110
384
384
539
CWIP
0
20
36
62
Investments
0
0
0
0
Other Assets
299
627
1,084
1,253
Total Assets
409
1,031
1,504
1,853

Cash Flow

₹ Cr
IGIL cash flow, annual, ₹ crore
Particulars Dec 2022Dec 2023Dec 2024Mar 2026
Operating
194
303
393
624
Investing
−43
−85
−1,634
−320
Financing
−154
−162
1,188
−362
Net Cash Flow
−2
55
−52
−58
Free Cash Flow
183
248
355
543
CFO/EBITDA
87
90
91
94

Ratios

IGIL financial ratios, annual
Particulars Dec 2022Dec 2023Dec 2024Mar 2026
Debtor Days
47
51
57
66
Cash Conversion Cycle
47
51
57
66
Working Capital Days
28
−536
113
113
ROCE %
—
—
158%
69%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view International Gemological Institute insights

57 extracted metrics across FY21–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 76.55%
  • FIIs 8.80%
  • Public 7.07%
  • DIIs 5.47%
  • Others 2.11%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about International Gemological Institute

What does International Gemological Institute Limited do?
International Gemological Institute Ltd is world's largest independent certification and acccreditation services provider in the fields of diamond, gemstone and jewellery
Where is International Gemological Institute Limited (IGIL) listed?
International Gemological Institute Limited trades as IGIL on the NSE and under code 544311 on the BSE.
Which sector does International Gemological Institute Limited belong to?
International Gemological Institute Limited is classified under the Commercial Services sector, in the Diversified Services industry.
What is the PE ratio of International Gemological Institute Limited?
International Gemological Institute Limited trades at a PE ratio of 28.49 as of 4 Nov 2026, on earnings per share of ₹14.11, against a book value of ₹40.51 per share.
What is the 52-week high and low of International Gemological Institute Limited?
Over the last 52 weeks International Gemological Institute Limited has traded between ₹287 and ₹420.6 as of 4 Nov 2026.
Does International Gemological Institute Limited pay dividends?
International Gemological Institute Limited has a dividend yield of 0.63%.
What is the Return on Equity (ROE) of International Gemological Institute Limited?
International Gemological Institute Limited reported a return on equity of 55.80%. Its debt-to-equity ratio is 0.10.

Company Information

International Gemological Institute Ltd is world's largest independent certification and acccreditation services provider in the fields of diamond, gemstone and jewellery

Website igi.org
CEO Mr. Tehmasp Nariman Printer
Listed 20 Dec 2024
Face Value ₹2

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