International Gemological Institute Limited
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 ₹ 14,263 Cr.
- Current Price ₹ 330
- High / Low ₹ 442 / 287
- Stock P/E 23.4
- Book Value ₹ 34.4
- Dividend Yield 0.73 %
- ROCE 68.0 %
- ROE 54.4 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 64.2%
Cons
- Stock is trading at 10.0 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 | 1,363 | |
| 156 | 188 | 453 | 536 | |
| Operating Profit | 335 | 450 | 600 | 827 |
| OPM % | 68% | 71% | 57% | 61% |
| 8 | 10 | 35 | 58 | |
| Interest | 3 | 3 | 9 | 10 |
| Depreciation | 12 | 13 | 41 | 50 |
| Profit before tax | 329 | 444 | 585 | 825 |
| Tax % | 27% | 27% | 27% | |
| 242 | 325 | 427 | 610 | |
| EPS in Rs | 9.89 | 14.11 | ||
| Dividend Payout % | 0% | 0% | 25% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 64% |
| 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 |
| Free Cash Flow | 183 | 248 | 355 |
| CFO/OP | 87% | 99% | 91% |
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% |
Insights
In beta| Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|
| LGD Certification Revenue INR Mn |
|
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| ND Certification Revenue INR Mn |
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| Number of Reports Certified million reports |
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| Number of Gemologists number |
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| Number of Labs number |
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| Average Realized Price per Report INR per report |
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| LGD Jewelry Certification Revenue INR Mn |
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| ND Jewelry Certification Revenue INR Mn |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
8h - Audio recording of Q1 FY27 earnings call held July 23, 2026 now available online.
- Notice Of 28Th Annual General Meeting 8h
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
8h - ICRA reports no deviation in IGIL IPO proceeds utilization for quarter ended June 30, 2026.
-
Business Responsibility and Sustainability Reporting (BRSR)
9h - Filed BRSR for FY 2025-26; includes 15-month transitional reporting and TÜV SÜD assurance.
-
Reg. 34 (1) Annual Report.
9h - 28th AGM on August 14, 2026 via VC/OAVM; FY2025-26 annual report released.
Annual reports
Concalls
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Jul 2026TranscriptPPT REC
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May 2026Transcript PPT
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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 2025TranscriptPPT REC
Business Overview:[1][2]
International Gemological Institute Limited (IGII) is a global leader in certifying diamonds, gemstones, and jewelry. Backed by Blackstone, this 50-year-old Belgian-founded institution is India’s largest independent gemological laboratory.