International Gemological Institute Ltd.

•

igi.org/BSE: 544311NSE: IGIL

Market Cap₹ 13,455 Cr.

Current Price

High / Low₹ 392 / 287

Stock P/E22.4

Book Value₹ 63

Price to Book5.31

Dividend Yield1.61 %

ROCE40.4 %

ROE30.2 %

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%

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PROS

Company is almost debt free
Working capital cycle has improved - days down from 303 to 194

CONS

Receivables are growing faster than sales - a possible quality concern
Stock is trading at 5.3x 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	316.65	213.36	24659.87	0.00	-457.78	-514.43	12668.15	1196.88	2.74	23.76
2.	SAGILITY	45.05	21.24	21089.38	0.33	216.81	45.94	1963.48	27.59	13.82	22.32
3.	HORIZONIND	55.65	244.03	16043.35	0.00	—	—	—	—	3.32	—
4.	SYNGENE	386.45	70.59	15599.79	0.32	-9.00	-110.38	736.00	-15.84	9.48	12.34
5.	INDGN	586.50	35.25	14132.70	0.38	116.20	-0.17	1063.10	39.73	18.92	16.39
6.	IGIL	311.35	22.07	13455.29	1.61	165.74	30.98	370.78	23.22	77.00	60.35
7.	NESCO	1098.55	18.58	7740.38	0.64	99.96	3.97	211.80	9.55	19.23	48.33
8.	SPARC	200.70	4.11	6513.15	0.00	-20.78	59.94	39.92	314.11	163.94	-85.17
9.	LEAPIND	145.40	102.75	6405.40	0.00	247.33	—	2034.13	—	9.32	51.19
10.	SMARTWORKS	547.00	224.47	6256.64	0.00	13.15	413.27	546.25	44.05	61.12	63.33
11.	JUSTDIAL	675.30	15.82	5743.36	0.00	115.74	38.44	270.27	16.23	12.88	26.17
12.	LATENTVIEW	260.25	27.58	5389.34	0.00	47.10	-6.84	286.88	21.55	16.69	19.76

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	184	209	197	189	190	234	234	241	247	296	286
	55	43	72	48	48	52	63	65	75	77	96
Operating Profit	129	166	125	141	142	182	171	175	172	220	190
OPM %	70.34%	79.41%	63.36%	74.70%	74.56%	77.65%	73.01%	72.84%	69.51%	74.17%	66.48%
	5	7	12	5	8	10	15	12	15	16	16
Interest	1	1	1	1	1	1	1	0	1	0	1
Depreciation	3	4	5	2	3	4	4	4	5	5	6
Profit before Tax	131	168	131	143	146	188	181	182	181	230	206
Tax %	32.69%	25.40%	26.89%	24.79%	23.32%	25.84%	23.96%	23.75%	27.35%	24.37%	25.05%
Net Profit	88	126	96	108	112	139	137	139	132	174	155
	2.22	3.16	2.42	2.72	2.81	3.22	3.18	3.22	3.04	4.03	3.58

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2024	Mar 2026	TTM
	785	1,252	1,070
	213	337	313
Operating Profit	572	915	757
OPM %	72.84%	73.06%	70.74%
	31	72	59
Interest	2	3	3
Depreciation	14	22	20
Profit before Tax	587	962	800
Tax %	25.15%	25.02%	25.08%
Net Profit	439	721	599
EPS	10.16	16.69	—
Dividend Payout %	24.01%	29.95%	—

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:: -17%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: 30%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2024	Mar 2026
Equity Capital	86	86
	2,101	2,500
	22	24
Trade Payables	48	19
	184	87
Total Liabilities	2,441	2,716
	119	141
Capital Work in Progress	36	62
	1,349	1,431
	1	1
	144	258
Cash & Bank	308	161
	485	662
Total Assets	2,441	2,716

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2024	Mar 2026
	378	572
Cash from Investing	-1,634	-302
Cash from Financing	1,210	-336
	-46	-66

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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

316.65

213.36

24659.87

0.00

-457.78

-514.43

12668.15

1196.88

2.74

23.76

SAGILITY

45.05

21.24

21089.38

0.33

216.81

45.94

1963.48

27.59

13.82

22.32

HORIZONIND

55.65

244.03

16043.35

0.00

—

3.32

—

SYNGENE

386.45

70.59

15599.79

0.32

-9.00

-110.38

736.00

-15.84

9.48

12.34

INDGN

586.50

35.25

14132.70

0.38

116.20

-0.17

1063.10

39.73

18.92

16.39

IGIL

311.35

22.07

13455.29

1.61

165.74

30.98

370.78

23.22

77.00

60.35

NESCO

1098.55

18.58

7740.38

0.64

99.96

3.97

211.80

9.55

19.23

48.33

SPARC

200.70

4.11

6513.15

0.00

-20.78

59.94

39.92

314.11

163.94

-85.17

LEAPIND

145.40

102.75

6405.40

0.00

247.33

—

2034.13

—

9.32

51.19

SMARTWORKS

547.00

224.47

6256.64

0.00

13.15

413.27

546.25

44.05

61.12

63.33

JUSTDIAL

675.30

15.82

5743.36

0.00

115.74

38.44

270.27

16.23

12.88

26.17

LATENTVIEW

260.25

27.58

5389.34

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

184

209

197

189

190

234

241

247

296

286

Operating Profit

129

166

125

141

142

182

171

175

172

220

190

OPM %

70.34%

79.41%

63.36%

74.70%

74.56%

77.65%

73.01%

72.84%

69.51%

74.17%

66.48%

Interest

Depreciation

Profit before Tax

131

168

131

143

146

188

181

182

181

230

206

Tax %

32.69%

25.40%

26.89%

24.79%

23.32%

25.84%

23.96%

23.75%

27.35%

24.37%

25.05%

Net Profit

126

108

112

139

137

139

132

174

155

2.22

3.16

2.42

2.72

2.81

3.22

3.18

3.22

3.04

4.03

3.58

Dec 2024

Mar 2026

TTM

785

1,252

1,070

213

337

313

Operating Profit

572

915

757

OPM %

72.84%

73.06%

70.74%

Interest

Depreciation

Profit before Tax

587

962

800

Tax %

25.15%

25.02%

25.08%

Net Profit

439

721

599

EPS

10.16

16.69

—

Dividend Payout %

24.01%

29.95%

—

Dec 2024

Mar 2026

Equity Capital

2,101

2,500

Trade Payables

184

Total Liabilities

2,441

2,716

119

141

Capital Work in Progress

1,349

1,431

144

258

Cash & Bank

308

161

485

662

Total Assets

2,441

2,716

Dec 2024

Mar 2026

378

572

Cash from Investing

-1,634

-302

Cash from Financing

1,210

-336

-46

-66

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