International Gemmological Institute (India) Limited

NSE: IGILDiversified Commercial Services

Share price

₹307.05

-3.15% close of 8 Oct 2026

Market cap ₹13,203 CrP/E 21.6

Business score

How strong the business is, in one number. The parts behind it are in Pro.

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹13,203 Cr

P/E ratio

21.6

P/B ratio

8.9

ROCE

69.2%

ROE

55.8%

Dividend yield

0.8%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹381.2552-week low ₹291.00

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Fewer than three years of filings — too early to judge growth.

Whether it grew faster than its sector

It grew 17.4% a year against a sector median of 9.8% — 7.6 percentage points faster.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 0.5 times its growth rate, on earnings growth of 43%.

	Profit growth	Price per ₹1 profit	Per 1% growth
International Gemmological Institute (India) Limited — this one	43%/yr	21.6×	₹0.50
WeWork India Management Limited	36%/yr	100.7×	₹2.8
Indiabulls Limited	50%/yr	16.1×	₹0.32
Nesco Limited	11%/yr	17.3×	₹1.6
Leap India Limited	81%/yr	117.6×	₹1.5
Nirlon Limited	30%/yr	15.6×	₹0.52

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Diversified Commercial Services), it ranks 2 of 40 on returns, 11 of 36 on growth, 8 of 40 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A wide advantage: it earns 69.2% on capital, ahead of 95% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹2016 crore of cash from the business and spent ₹248 crore on plant and equipment, with ₹1768 crore to spare; it still raised ₹262 crore from lenders and shareholders. And the profit is real: of every 100 rupees it reported over 5 years, about 90 arrived as cash. Its cash comes back more slowly than it used to: it went from being waiting 28 days for its cash to waiting 113 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 9 checks clear · 100%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue rose 23.2% year on year and net profit rose 30.5%.

Announced 11 Aug 2026 · Consolidated · Unaudited

Revenue

₹371 Cr

Revenue vs last year

+23.2%

Revenue vs last quarter

+0.5%

Net profit

₹166 Cr

Profit vs last year

+30.5%

Profit vs last quarter

-7.9%

Net margin

44.7%

EPS

₹3.84

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap: ₹13,203 Cr
Prev close: ₹307.05
52w High: ₹388
52w Low: ₹287
Enterprise value: ₹13,073 Cr
Beta: 1.4
Price CAGR 1y: -9.0%
Price CAGR 3y: —
Price CAGR 5y: —
Price CAGR 10y: —

Ratios

Return on assets: 38.4%
PEG ratio: 0.5
P/E ratio: 21.6
P/B ratio: 8.9
EV / EBITDA: 15.8
Industry P/E: 16.8
ROCE: 69.2%
ROCE 5y average: 113.5%
ROE: 55.8%
Debt / Equity: 0.1
Interest coverage: 75.5
Dividend yield: 0.8%
ROE 3y average: 64.0%
ROE last year: 56.0%

Annual P&L

Annual revenue: ₹1,598 Cr
Annual profit: ₹711 Cr
Operating margin: 61.0%
Net profit margin: 44.5%
EBITDA margin: 61.0%
Sales growth 3y: 21.2%
Sales growth 5y: —
Profit growth 3y: 43.0%
Profit growth 5y: —
EPS: ₹16.5
Sales growth TTM: 22.0%
Profit growth TTM: 24.0%
Dividend payout: 15.0%

Quarter P&L

Sales latest quarter: ₹371 Cr
Profit latest quarter: ₹166 Cr
YoY quarterly sales growth: 23.2%
YoY quarterly profit growth: 30.7%
OPM latest quarter: 60.4%

Balance Sheet

Book Value: ₹34.6
Face Value: ₹2.0
Total debt: ₹143 Cr
Total cash: ₹273 Cr
Borrowings: ₹143 Cr
Reserves / Equity: 16.3

Cash Flow

Operating cash flow: ₹624 Cr
Free cash flow: ₹543 Cr
FCF yield: 4.0%
Net cash flow: -₹58 Cr

Shareholding

Promoter holding: 76.5%
FII holding: 8.8%
DII holding: 5.5%
Public holding: 9.2%

Peer comparison

Company	Price ₹	P/E	Mkt cap ₹ Cr	Div yield %	Profit qtr ₹ Cr	Profit var %	Sales qtr ₹ Cr	Sales var %	ROCE %
International Gemological Instit	317.05	22.5	13,702	0.80	165.7	31.0	370.8	23.2	69.3
Wework India	673.15	108.0	9,348	0.00	-4.6	68.7	680.2	27.4	20.6
Indiabulls	32.49	15.7	7,577	0.00	141.0	35647.5	359.5	292.3	16.2
NESCO	1,028.90	17.4	7,250	0.68	100.0	4.0	211.8	9.6	18.5
NDR INVIT Trust	153.00	70.4	7,008	1.72	36.0	-5.4	124.0	22.1	5.1
Leap India	148.03	111.8	6,521	0.00	24.7	30.2	203.4	19.1	8.3
Inox Green	135.87	46.5	5,701	0.00	40.8	84.8	43.3	-23.0	8.1
Median	162.80	16.7	429	0.00	8.4	38.2	83.8	15.7	14.8

Competes with: Aarvi Encon Limited, Ace Integrated Solutions Limited, Alankit Limited, Awfis Space Solutions Limited, Bluspring Enterprises Limited, CMS Info Systems Limited, Coral India Finance & Housing Limited, Coreintegra Consulting Services Limited, Dev Accelerator Limited, EFC (I) Limited, Future Market Networks Limited, Hemisphere Properties India Limited, ICDS Limited, Indiabulls Limited, Indiqube Spaces Limited, Inox Green Energy Services Limited, Kapston Services Limited, Krystal Integrated Services Limited, Leap India Limited, Majestic Auto Limited, Mercantile Ventures Limited, Nesco Limited, Nirlon Limited, PTL Enterprises Limited, Phoenix International Limited, Propshop Events and Exhibitions Limited, Quess Corp Limited, Radiant Cash Management Services Limited, Ruchi Infrastructure Limited, Sai Capital Limited, Sanghvi Movers Limited, Smartworks Coworking Spaces Limited, South West Pinnacle Exploration Limited, Tara Chand InfraLogistic Solutions Limited, Teamlease Services Limited, Texmaco Infrastructure & Holdings Limited, The Motor & General Finance Limited, Updater Services Limited, WeWork India Management Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026

Line item	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	250	278	260	250	265	305	301	304	320	369	371
Expenses	121	105	133	103	113	109	127	128	128	133	147
Material Cost							0	0	0	0	0
Change in Inventories							-1.07	1.98	-3.19	1.44	0.86
Purchases of Stock-in-Trade							0	0	0.03	1.90	1.25
Employee Cost							71	71	73	74	83
Other Expenses							57	54	58	56	62
Operating Profit	128	173	127	147	152	196	174	176	191	236	224
OPM %	51	62	49	59	57	64	58	58	60	64	60
Other Income	9	12	3	9	12	8	14	12	11	18	16
Exceptional items (within Other Income)							0	0	0	0	0
Interest	4	3	2	2	1	3	2	2	2	3	3
Depreciation	13	12	13	6	10	10	10	11	12	13	14
Profit before tax	121	171	114	147	153	191	175	175	188	239	223
Tax %	35	26	32	26	26	26	28	26	29	25	26
Net Profit	78	126	78	110	114	141	127	130	135	180	166
EPS in Rs			1.96	2.76	2.63	3.26	2.93	3	3.11	4.16	3.84
Diluted EPS in Rs							2.81	2.91	3	4.02	3.71

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026

Line item	Dec 2022	Dec 2023	Dec 2024	Dec 2025 12m	Mar 2026 15m	TTM
Sales	491	898	1,053	1,229	1,598	1,363
Expenses	156	401	453	492	623	536
Material Cost				0	0
Change in Inventories				-2.04	-0.60
Purchases of Stock-in-Trade				0.27	2.16
Employee Cost				280	353
Other Expenses				215	270
Operating Profit	335	497	600	737	974	827
OPM %	68	55	57	60	61	61
Other Income	8	11	35	46	63	58
Exceptional items (within Other Income)				0	0
Interest	3	11	9	9.76	13	10
Depreciation	12	42	41	43	56	50
Profit before tax	329	455	585	730	969	825
Tax %	27	27	27		27
Net Profit	242	331	427	532	711	610
EPS in Rs			9.89	12	16	14
Diluted EPS in Rs				12	16
Dividend Payout %	0	0	25	40	15

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years: —
5 years: —
3 years: 21%
TTM: 22%

Compounded profit growth

10 years: —
5 years: —
3 years: 43%
TTM: 24%

Stock price CAGR

10 years: —
5 years: —
3 years: —
1 year: -9%

Return on equity

10 years: —
5 years: —
3 years: 64%
Last year: 56%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated

Line item	Dec 2022	Dec 2023	Dec 2024	Mar 2026
Equity Capital	0.40	0.40	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 flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated

Line item	Dec 2022	Dec 2023	Dec 2024	Dec 2025	Mar 2026
Cash from Operating Activity	194	303	393	502	624
Cash from Investing Activity	-43	-85	-1,634	-307	-320
Cash from Financing Activity	-154	-162	1,188	-248	-362
Net Cash Flow	-2	55	-52	-53	-58
Free Cash Flow	183	248	355	439	543

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated

Line item	Dec 2022	Dec 2023	Dec 2024	Mar 2026
Debtor Days	47	51	57	66
Cash Conversion Cycle	47	51	57	66
Working Capital Days	28	-536	113	113
ROCE %			158	69

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Sep 2026

Line item	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	77	77	77	77	77	77	77	77
FIIs	9.10	9.87	10	11	9.61	8.60	9.49	8.79
DIIs	5.87	5.88	5.44	5.15	5.44	6.38	5.51	5.47
Public	8.47	7.69	7.82	7.75	8.39	8.46	8.44	9.17
No. of Shareholders	1,87,356	1,86,402	1,90,286	1,87,028	1,83,950	1,87,343	1,72,894	1,68,818

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -11.0% (₹345.15 → ₹307.05)Brick size ₹10.16 (fixed)Bricks 33

Price moved up one brickPrice moved down one brickLast close ₹307.05 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-130inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about International Gemmological Institute (India) Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Sells to

Kalyan Jewellers India Limited · IGI diamond/gemstone/jewellery certification and authenticity reports (Candere by Kalyan J…
Senco Gold Limited · IGI diamond/gemstone/jewellery certification and authenticity reports

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector: Services
Industry: Diversified Commercial Services
Classification: Services › Diversified Commercial Services
ISIN: INE0Q9301021

News impact

Big market events that reach International Gemmological Institute (India) Limited, and how the effect spreads.

6 Aug, 04:31 IST · Market event · medium impact

India notifies a tax holiday on rough diamonds that the trade expects to add $3-5 billion to diamond exports

India has removed the tax that made it costly for foreign miners to sell rough diamonds inside the country, so more stones should be cut and polished here - that means more work for diamond exporters and the labs that grade the stones.

Consumer DurablesServices

Who it hits first

A tax holiday on rough diamonds lets overseas miners sell roughs directly inside India without triggering a permanent-establishment tax exposure
Indian cutters and polishers can source rough stones locally instead of routing through Antwerp or Dubai, shortening the supply chain
The trade expects the measure to add $3-5 billion to India's diamond exports
The benefit lands on cutting, polishing, certification and export throughput rather than on domestic retail jewellery demand

Who may gain

International Gemmological Institute - paid per stone certified, so it earns on throughput regardless of which exporter wins the business
Goldiam International - diamond-jewellery exporter that sources rough and polished stones for US retail customers
Renaissance Global - diamond-jewellery exporter on the same channel, though on much weaker fundamentals
Titan - largest domestic buyer of polished diamonds, which benefits from deeper local supply on its studded range
Surat's cutting and polishing cluster and the broader gems-and-jewellery export base

Along the supply chain

Downstream

Downstream are the polished-diamond buyers: export jewellery houses shipping to the United States and the Gulf, and domestic retail chains such as Tanishq that set studded jewellery. Deeper local polished supply improves their sourcing cost and shortens their inventory cycle. Grading and certification labs sit in the middle and are paid per stone, so they capture the throughput increase most directly.

Upstream

The upstream is the global rough-diamond miners - De Beers, Alrosa and others - who previously could not sell into India without a tax exposure and therefore sold through foreign trading hubs. The tax holiday brings them to Indian auction floors directly, which removes an intermediary layer of margin and financing cost from the chain.

Where demand moves

Business

Rough stones that used to be traded in Antwerp and Dubai before reaching India can now be sold here directly. That pulls physical rough-diamond volume into the Surat cutting cluster, which creates work for cutters, polishers, grading labs and the exporters who ship the finished goods. The demand is created at the throughput layer - more stones passing through Indian hands - rather than at the consumer layer, so it shows up as volume and working-capital efficiency for exporters and as fee volume for certification labs.

Capital

Capital rotates within gems and jewellery towards export-facing and services names - certification, polishing and export houses - and away from purely domestic retail jewellery, which gets no benefit from this measure and is separately hurt by the same day's gold spike. The amounts involved are modest, so this is a rotation inside the sector rather than an inflow from outside it.

How it spreads across sectors

Consumer Durables

Diamond-jewellery exporters get cheaper and faster local rough sourcing, cutting working-capital days

Services

Grading and certification labs capture the throughput increase per stone

When it plays out

Immediate

Announcement effect only - the trade welcomes the notification, but no rough has changed hands under the new regime yet

Medium term

If miners do shift volume, Surat's throughput and India's polished-diamond export numbers rise over the following two to four quarters, showing up first in certification volumes and then in exporter revenue

Short term

Watch whether major miners actually schedule Indian sales or auctions under the new rules; without that the $3-5 billion projection stays theoretical

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

24 Aug 2026	interim	₹2.55
17 Feb 2026	interim	₹2.5
14 Aug 2025	interim	₹2.5
28 Feb 2025	interim	₹2.44

Splits, bonuses & buybacks

daily-prices repair: 1 rows from NSE's archive (replace 0, delete 0, insert 1), 2026-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2026

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.