International Gemological Institute Ltd.

•

igi.org/BSE: 544311NSE: IGIL

Market Cap₹ 13,578 Cr.

Current Price

High / Low₹ 392 / 287

Stock P/E22.3

Book Value₹ 38

Price to Book9.26

Dividend Yield1.59 %

ROCE77.0 %

ROE55.9 %

Face Value₹ 2

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ABOUT

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 31.0% YoY, showing strong momentum
Company has been maintaining a healthy dividend payout of 30.4%
Working capital cycle has improved - days down from 240 to 160

CONS

Receivables are growing faster than sales - a possible quality concern
Stock is trading at 9.3x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesBusiness ServicesBusiness Support

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	PFOCUS	310.60	209.28	24188.72	0.00	-457.78	-514.43	12668.15	1196.88	2.74	23.76
2.	SAGILITY	45.15	21.28	21136.20	0.33	216.81	45.94	1963.48	27.59	13.82	22.32
3.	HORIZONIND	55.65	244.03	16043.35	0.00	-116.27	—	2005.46	—	3.32	80.26
4.	SYNGENE	382.65	69.89	15446.40	0.33	-9.00	-110.38	736.00	-15.84	9.48	12.34
5.	INDGN	578.05	34.74	13929.08	0.39	116.20	-0.17	1063.10	39.73	18.92	16.39
6.	IGIL	314.20	22.27	13578.46	1.59	165.74	30.98	370.78	23.22	77.00	60.35
7.	NESCO	1102.75	18.65	7769.97	0.63	99.96	3.97	211.80	9.55	19.23	48.33
8.	LEAPIND	144.55	102.15	6367.95	0.00	247.33	—	2034.13	—	9.32	51.19
9.	SPARC	196.10	4.02	6363.87	0.00	-20.78	59.94	39.92	314.11	163.94	-85.17
10.	SMARTWORKS	530.60	217.74	6069.06	0.00	13.15	413.27	546.25	44.05	61.12	63.33
11.	JUSTDIAL	665.10	15.59	5656.61	0.00	115.74	38.44	270.27	16.23	12.88	26.17
12.	LATENTVIEW	252.50	26.76	5228.85	0.00	47.10	-6.84	286.88	21.55	16.69	19.76

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	250	278	260	250	265	305	301	304	320	369	371
	121	105	133	103	113	109	127	128	128	133	164
Operating Profit	128	173	127	147	152	196	174	176	191	236	207
OPM %	51.40%	62.38%	48.77%	58.87%	57.45%	64.21%	57.66%	58.00%	59.86%	64.01%	55.82%
	9	12	3	9	12	8	14	12	11	18	16
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 %	35.03%	26.31%	31.72%	25.67%	25.53%	26.51%	27.68%	26.04%	28.52%	24.71%	25.61%
Net Profit	0	0	0	0	114	141	127	130	135	180	166
	1.98	3.18	1.96	2.76	2.86	3.26	2.92	3.00	3.11	4.16	3.84

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2024	Mar 2026	TTM
	1,053	1,598	1,363
	453	629	552
Operating Profit	600	968	810
OPM %	57.00%	60.61%	59.47%
	35	70	58
Interest	9	13	10
Depreciation	41	56	50
Profit before Tax	585	969	825
Tax %	27.00%	26.58%	26.11%
Net Profit	427	711	610
EPS	9.89	16.46	—
Dividend Payout %	24.68%	30.38%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -14%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: 56%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2024	Mar 2026
Equity Capital	86	86
	976	1,397
	122	157
Trade Payables	59	52
	243	157
Total Liabilities	1,487	1,850
	382	537
Capital Work in Progress	36	62
	1	1
	164	289
Cash & Bank	388	273
	516	689
Total Assets	1,487	1,850

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2024	Mar 2026
	393	624
Cash from Investing	-1,641	-338
Cash from Financing	1,188	-362
	-60	-77

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2024	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	76.55	76.55	76.55	76.55	76.55	76.55	76.55	76.55
	9.07	9.10	9.87	10.18	10.55	9.61	8.60	9.49
	7.73	5.87	5.88	5.44	5.15	5.44	6.38	5.51
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	6.64	8.47	7.69	7.83	7.75	8.39	8.46	8.45

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

General Updates

2026-09-08 - International Gemological Institute Limited has informed the Exchange about General Updates

2026-08-31

General Updates

2026-08-31 - International Gemological Institute Limited has informed the Exchange about IGI Botswana

2026-08-18

Record Date

2026-08-18 - International Gemological Institute Limited has informed the Exchange that Record date for the purpose of Dividend is 24-Aug-2026.

2026-08-18

Dividend

2026-08-18 - International Gemological Institute Limited has informed the Exchange that Board of Directors at its meeting held on August 18, 2026, declared Interim Dividend of Rs. 2.55 per equity share.

2026-08-17

Shareholders meeting

2026-08-17 - International Gemological Institute Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 14, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-14

Shareholders meeting

2026-08-14 - International Gemological Institute Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 14, 2026

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - International Gemological Institute Limited has informed the Exchange about Schedule of meet

2026-08-12

Reply to Clarification- Financial results

2026-08-12 - The Exchange had sought clarification from International Gemological Institute Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.

2026-08-10

Clarification - Financial Results

2026-08-10 - The Exchange has sought clarification from International Gemological Institute Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.

News

Recent coverage and analyst commentary for IGIL

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International Gemological Institute Ltd.

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Name

PFOCUS

310.60

209.28

24188.72

0.00

-457.78

-514.43

12668.15

1196.88

2.74

23.76

SAGILITY

45.15

21.28

21136.20

0.33

216.81

45.94

1963.48

27.59

13.82

22.32

HORIZONIND

55.65

244.03

16043.35

0.00

-116.27

—

2005.46

—

3.32

80.26

SYNGENE

382.65

69.89

15446.40

0.33

-9.00

-110.38

736.00

-15.84

9.48

12.34

INDGN

578.05

34.74

13929.08

0.39

116.20

-0.17

1063.10

39.73

18.92

16.39

IGIL

314.20

22.27

13578.46

1.59

165.74

30.98

370.78

23.22

77.00

60.35

NESCO

1102.75

18.65

7769.97

0.63

99.96

3.97

211.80

9.55

19.23

48.33

LEAPIND

144.55

102.15

6367.95

0.00

247.33

—

2034.13

—

9.32

51.19

SPARC

196.10

4.02

6363.87

0.00

-20.78

59.94

39.92

314.11

163.94

-85.17

SMARTWORKS

530.60

217.74

6069.06

0.00

13.15

413.27

546.25

44.05

61.12

63.33

JUSTDIAL

665.10

15.59

5656.61

0.00

115.74

38.44

270.27

16.23

12.88

26.17

LATENTVIEW

252.50

26.76

5228.85

0.00

47.10

-6.84

286.88

21.55

16.69

19.76

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

250

278

260

250

265

305

301

304

320

369

371

121

105

133

103

113

109

127

128

133

164

Operating Profit

128

173

127

147

152

196

174

176

191

236

207

OPM %

51.40%

62.38%

48.77%

58.87%

57.45%

64.21%

57.66%

58.00%

59.86%

64.01%

55.82%

Interest

Depreciation

Profit before Tax

121

171

114

147

153

191

175

188

239

223

Tax %

35.03%

26.31%

31.72%

25.67%

25.53%

26.51%

27.68%

26.04%

28.52%

24.71%

25.61%

Net Profit

114

141

127

130

135

180

166

1.98

3.18

1.96

2.76

2.86

3.26

2.92

3.00

3.11

4.16

3.84

Dec 2024

Mar 2026

TTM

1,053

1,598

1,363

453

629

552

Operating Profit

600

968

810

OPM %

57.00%

60.61%

59.47%

Interest

Depreciation

Profit before Tax

585

969

825

Tax %

27.00%

26.58%

26.11%

Net Profit

427

711

610

EPS

9.89

16.46

—

Dividend Payout %

24.68%

30.38%

—

Dec 2024

Mar 2026

Equity Capital

976

1,397

122

157

Trade Payables

243

157

Total Liabilities

1,487

1,850

382

537

Capital Work in Progress

164

289

Cash & Bank

388

273

516

689

Total Assets

1,487

1,850

Dec 2024

Mar 2026

393

624

Cash from Investing

-1,641

-338

Cash from Financing

1,188

-362

-60

-77

Dec 2024

Mar 2026

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

76.55

9.07

9.10

9.87

10.18

10.55

9.61

8.60

9.49

7.73

5.87

5.88

5.44

5.15

5.44

6.38

5.51

Government

0.00

Public

6.64

8.47

7.69

7.83

7.75

8.39

8.46

8.45

International Gemological Institute Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

International Gemological Institute Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI