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 ₹ 14,447 Cr.
- Current Price ₹ 334
- High / Low ₹ 642 / 282
- Stock P/E 29.4
- Book Value ₹ 28.6
- Dividend Yield 0.75 %
- ROCE 68.0 %
- ROE 54.4 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 11.7 times its book value
- Working capital days have increased from 58.3 days to 113 days
* 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 | TTM | |
|---|---|---|---|---|
| 491 | 639 | 1,053 | 1,121 | |
| 156 | 188 | 453 | 452 | |
| Operating Profit | 335 | 450 | 600 | 669 |
| OPM % | 68% | 71% | 57% | 60% |
| 8 | 10 | 35 | 43 | |
| Interest | 3 | 3 | 9 | 9 |
| Depreciation | 12 | 13 | 41 | 36 |
| Profit before tax | 329 | 444 | 585 | 667 |
| Tax % | 27% | 27% | 27% | |
| 242 | 325 | 427 | 491 | |
| EPS in Rs | 9.89 | 11.58 | ||
| Dividend Payout % | 0% | 0% | 25% |
| Compounded Sales Growth | |
|---|---|
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| TTM: | 65% |
| Compounded Profit Growth | |
|---|---|
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| 5 Years: | % |
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| TTM: | 32% |
| Stock Price CAGR | |
|---|---|
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| Return on Equity | |
|---|---|
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| Last Year: | 54% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.40 | 0.40 | 86 | 86 |
| Reserves | 339 | 509 | 976 | 1,151 |
| 27 | 31 | 145 | 132 | |
| 43 | 64 | 296 | 183 | |
| Total Liabilities | 409 | 603 | 1,504 | 1,552 |
| 110 | 117 | 384 | 389 | |
| CWIP | 0 | 20 | 36 | 45 |
| Investments | 0 | 0 | 0 | 0 |
| 299 | 466 | 1,084 | 1,118 | |
| Total Assets | 409 | 603 | 1,504 | 1,552 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|
| 194 | 303 | 393 | |
| -43 | -85 | -1,634 | |
| -154 | -162 | 1,188 | |
| Net Cash Flow | -2 | 55 | -52 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|
| Debtor Days | 47 | 62 | 57 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 47 | 62 | 57 |
| Working Capital Days | 28 | 33 | 113 |
| ROCE % | 99% | 68% |
Documents
Announcements
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Corporate Action-Board approves Dividend
1d - Declared first interim dividend of ₹2.50 per share for FY 2025; record date August 15, 2025.
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Board Meeting Outcome for Outcome Of The Board Meeting - Declaration Of First Interim Dividend For Financial Year 2025 (January 1, 2025 To December 31, 2025)
1d - First interim dividend of ₹2.50 per share declared for FY 2025; record date August 15, 2025.
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Board Meeting Intimation for Intimation Of Board Meeting To Be Held On August 11, 2025
6 Aug - Board meeting on Aug 11 to consider interim dividend; record date Aug 15; trading window closed Aug 6-13.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
4 Aug - Q2 CY25: 20% revenue growth, 37% EBITDA growth, 21% volume increase; strong lab-grown diamond segment growth.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
1 Aug - Monitoring Agency Report for Q1 FY2026 submitted by International Gemmological Institute (India) Limited.
Concalls
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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 2025TranscriptNotesPPT 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.