International Gemmological Institute (India) Ltd
International Gemological Institute Ltd is
world's largest independent certification and acccreditation services provider in the fields
of diamond, gemstone and jewellery[1]
- Market Cap ₹ 14,225 Cr.
- Current Price ₹ 329
- High / Low ₹ 456 / 282
- Stock P/E 26.8
- Book Value ₹ 32.6
- Dividend Yield 0.75 %
- ROCE 53.6 %
- ROE 43.0 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 52.5%
Cons
- Stock is trading at 10.2 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|
| 491 | 639 | 1,053 | 1,229 | |
| 156 | 188 | 453 | 492 | |
| Operating Profit | 335 | 450 | 600 | 737 |
| OPM % | 68% | 71% | 57% | 60% |
| 8 | 10 | 35 | 46 | |
| Interest | 3 | 3 | 9 | 10 |
| Depreciation | 12 | 13 | 41 | 43 |
| Profit before tax | 329 | 444 | 585 | 730 |
| Tax % | 27% | 27% | 27% | 27% |
| 242 | 325 | 427 | 532 | |
| EPS in Rs | 9.89 | 12.30 | ||
| Dividend Payout % | 0% | 0% | 25% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 30% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -23% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 52% |
| Last Year: | 43% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.40 | 0.40 | 86 | 86 |
| Reserves | 339 | 509 | 976 | 1,323 |
| 27 | 31 | 145 | 143 | |
| 43 | 64 | 296 | 203 | |
| Total Liabilities | 409 | 603 | 1,504 | 1,755 |
| 110 | 117 | 384 | 410 | |
| CWIP | 0 | 20 | 36 | 59 |
| Investments | 0 | 0 | 0 | 0 |
| 299 | 466 | 1,084 | 1,286 | |
| Total Assets | 409 | 603 | 1,504 | 1,755 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|
| 194 | 303 | 393 | 502 | |
| -43 | -85 | -1,634 | -307 | |
| -154 | -162 | 1,188 | -248 | |
| Net Cash Flow | -2 | 55 | -52 | -53 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|
| Debtor Days | 47 | 62 | 57 | 70 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 47 | 62 | 57 | 70 |
| Working Capital Days | 28 | 33 | 113 | 121 |
| ROCE % | 99% | 68% | 54% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11h
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Announcement under Regulation 30 (LODR)-Acquisition
1d - Board (16 Feb 2026) approved incorporation of 100% WOS in Saudi Arabia; investment up to USD150,000.
-
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
1d - Postal ballot to change name to International Gemological Institute Limited; e-voting Feb 18–Mar 19, 2026.
-
Announcement under Regulation 30 (LODR)-Updates on Acquisition
15 Feb - IGI USA completed 100% acquisition of AGL Holdco (and AGL), effective February 10, 2026.
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Intimation Under Regulation 30(5) Of SEBI (LODR) Regulations, 2015
11 Feb - IGI India designates KMPs to determine materiality and make stock exchange disclosures (dated Feb 11, 2026).
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Apr 2025Transcript PPT REC
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Mar 2025Transcript PPT
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Feb 2025TranscriptAI SummaryPPT REC
Business Overview:[1][2]
IGII provides certification and accreditation of natural diamonds, laboratory-grown diamonds, studded jewelry and colored stones. It also offers educational programs. It started its operations in Belgium and currently has a global network of 31 branches equipped with IGI labs across 10 countries and 18 schools of gemology across 6 countries.