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 ₹ 14,194 Cr.
- Current Price ₹ 329
- High / Low ₹ 442 / 287
- Stock P/E 23.3
- Book Value ₹ 34.4
- Dividend Yield 0.76 %
- ROCE 69.2 %
- ROE 55.8 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 9.55 times its book value
- Working capital days have increased from -103 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 | Mar 2026 15m | TTM | |
|---|---|---|---|---|---|
| 491 | 898 | 1,053 | 1,598 | 1,363 | |
| 156 | 401 | 453 | 623 | 536 | |
| Operating Profit | 335 | 497 | 600 | 974 | 827 |
| OPM % | 68% | 55% | 57% | 61% | 61% |
| 8 | 11 | 35 | 63 | 58 | |
| Interest | 3 | 11 | 9 | 13 | 10 |
| Depreciation | 12 | 42 | 41 | 56 | 50 |
| Profit before tax | 329 | 455 | 585 | 969 | 825 |
| Tax % | 27% | 27% | 27% | 27% | |
| 242 | 331 | 427 | 711 | 610 | |
| EPS in Rs | 9.89 | 16.46 | 14.11 | ||
| Dividend Payout % | 0% | 0% | 25% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| 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: | -18% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 56% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2022 | Dec 2023 | Dec 2024 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.40 | 0.40 | 86 | 86 |
| Reserves | 339 | -605 | 976 | 1,402 |
| 27 | 151 | 145 | 143 | |
| 43 | 1,484 | 296 | 223 | |
| Total Liabilities | 409 | 1,031 | 1,504 | 1,853 |
| 110 | 384 | 384 | 539 | |
| CWIP | 0 | 20 | 36 | 62 |
| Investments | 0 | 0 | 0 | 0 |
| 299 | 627 | 1,084 | 1,253 | |
| Total Assets | 409 | 1,031 | 1,504 | 1,853 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2022 | Dec 2023 | Dec 2024 | Mar 2026 | |
|---|---|---|---|---|
| 194 | 303 | 393 | 624 | |
| -43 | -85 | -1,634 | -320 | |
| -154 | -162 | 1,188 | -362 | |
| Net Cash Flow | -2 | 55 | -52 | -58 |
| Free Cash Flow | 183 | 248 | 355 | 543 |
| CFO/OP | 87% | 90% | 91% | 94% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2022 | Dec 2023 | Dec 2024 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 47 | 51 | 57 | 66 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 47 | 51 | 57 | 66 |
| Working Capital Days | 28 | -536 | 113 | 113 |
| ROCE % | 158% | 69% |
Insights
In beta| Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|
| LGD Certification Revenue INR Mn |
|
||||
| ND Certification Revenue INR Mn |
|||||
| Number of Reports Certified million reports |
|||||
| Number of Gemologists number |
|||||
| Number of Labs number |
|||||
| Average Realized Price per Report INR per report |
|||||
| LGD Jewelry Certification Revenue INR Mn |
|||||
| ND Jewelry Certification Revenue INR Mn |
|||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Transcript of the Earnings Call held for the quarter ended June 30, 2026
-
Intimation Regarding Letter Sent To Shareholders Providing Weblink For Accessing The Notice Of The 28Th Annual General Meeting And The Annual Report For FY 2025-26
24 Jul - AGM scheduled for 14 August 2026; annual report and e-voting details shared with shareholders.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Jul - Newspaper Publication of the Notice of the 28th Annual General Meeting
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Jul - Newspaper Publication of the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
23 Jul - Audio recording of Q1 FY27 earnings call held July 23, 2026 now available online.
Annual reports
Concalls
-
Jul 2026Transcript PPT REC
-
May 2026Transcript PPT
-
Feb 2026Transcript PPT REC
-
Nov 2025Transcript PPT REC
-
Aug 2025Transcript PPT REC
-
Apr 2025Transcript PPT REC
-
Mar 2025Transcript PPT
-
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.