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International Gemmological Institute (India) Limited
(IGIL)
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Rating:72Outperform
Price Target:
₹424.00
▲(13.69% Upside)
Action:Reiterated
Date:10/24/26
The score is driven primarily by very strong financial performance (high profitability and solid cash generation), tempered by balance-sheet stability questions from the prior negative-to-positive equity swing. Technically, the uptrend is strong but appears overbought, and valuation/income support is only fair (P/E ~24.5 and ~0.67% yield).
Positive Factors
Revenue and Profitability Growth
Revenue and earnings have increased across the reported period, while exceptionally high operating and net margins show strong economic profitability. This combination gives IGIL substantial internal resources to maintain service quality, invest in laboratory capabilities, and support durable earnings generation.
Negative Factors
Balance-Sheet Volatility
The sharp movement from negative equity to strongly positive equity reduces confidence in the stability and comparability of the capital structure across periods. Even with low current leverage, this history warrants monitoring because a significant balance-sheet event or reclassification may affect interpretation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profitability Growth
Revenue and earnings have increased across the reported period, while exceptionally high operating and net margins show strong economic profitability. This combination gives IGIL substantial internal resources to maintain service quality, invest in laboratory capabilities, and support durable earnings generation.
Read all positive factors
International Gemmological Institute (India) Limited (IGIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹166.49B
Dividend Yield0.66%
Average Volume (3M)116.50K
Price to Earnings (P/E)24.8
Beta (1Y)1.38
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees1,306
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)15.56
Shares Outstanding432,159,700
10 Day Avg. Volume273,450
30 Day Avg. Volume116,502
Financial Highlights & Ratios
PEG Ratio1.88
Price to Book (P/B)10.27
Price to Sales (P/S)11.78
P/FCF Ratio33.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)16.26
Revenue Forecast (FY)₹15.57B
International Gemmological Institute (India) Limited Business Overview & Revenue Model
Company Description
Operating both within India and globally, International Gemmological Institute (India) Limited provides expert certification and authentication for natural and laboratory-created diamonds, alongside studded jewelry and colored gemstones. The organ...
How the Company Makes Money
IGIL primarily makes money by charging service fees for third-party gemmological laboratory work and associated deliverables. Key revenue streams typically include: (1) grading and certification/reporting fees for diamonds (including loose stones ...
International Gemmological Institute (India) Limited Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
70
Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.57B | 12.29B | 10.53B | 8.88B | 4.84B | 3.65B |
| Gross Profit | 12.27B | 11.88B | 10.08B | 8.43B | 4.70B | 3.50B |
| EBITDA | 9.36B | 7.83B | 6.35B | 5.08B | 3.44B | 2.50B |
| Net Income | 6.66B | 5.32B | 4.27B | 3.31B | 2.42B | 1.72B |
Balance Sheet | ||||||
| Total Assets | 21.65B | 17.55B | 15.04B | 10.31B | 4.09B | 3.20B |
| Cash, Cash Equivalents and Short-Term Investments | 5.60B | 8.16B | 6.21B | 3.21B | 1.99B | 1.64B |
| Total Debt | 1.50B | 1.43B | 1.45B | 1.51B | 267.05M | 163.23M |
| Total Liabilities | 4.14B | 3.45B | 4.41B | 16.35B | 699.61M | 771.03M |
| Stockholders Equity | 17.51B | 14.10B | 10.63B | -6.04B | 3.39B | 2.43B |
Cash Flow | ||||||
| Free Cash Flow | 4.12B | 4.39B | 3.54B | 2.48B | 1.83B | 1.88B |
| Operating Cash Flow | 4.03B | 5.02B | 3.93B | 3.03B | 1.94B | 1.93B |
| Investing Cash Flow | -1.53B | -3.07B | -16.41B | -846.46M | -430.53M | -127.10M |
| Financing Cash Flow | -2.46B | -2.48B | 11.88B | -1.62B | -1.54B | -1.71B |
International Gemmological Institute (India) Limited Technical Analysis
Positive
372.95
Price Trends
328.92
Positive
339.84
Positive
335.03
Positive
Market Momentum
9.32
Negative
76.49
Negative
95.47
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IGIL, the sentiment is Positive. The current price of 372.95 is above the 20-day moving average (MA) of 326.31, above the 50-day MA of 328.92, and above the 200-day MA of 335.03, indicating a bullish trend. The MACD of 9.32 indicates Negative momentum. The RSI at 76.49 is Negative, neither overbought nor oversold. The STOCH value of 95.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:IGIL.
International Gemmological Institute (India) Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹166.49B | 24.76 | ― | 0.66% | ― | ― | |
62 Neutral | ₹145.29B | 43.27 | ― | 0.70% | 81.40% | 101.12% | |
61 Neutral | ₹143.97B | 36.84 | ― | 0.39% | 83.21% | 252.74% | |
57 Neutral | ₹115.38B | 107.98 | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:IGIL
International Gemmological Institute (India) Limited
392.30
59.25
17.79%
IN:SKYGOLD
Sky Gold Limited
935.15
585.40
167.38%
IN:THANGAMAYL
Thangamayil Jewellery Ltd.
4,740.50
2,664.56
128.35%
IN:BLUESTONE
Bluestone Jewellery and Lifestyle Limited
755.20
63.45
9.17%
International Gemmological Institute (India) Limited Corporate Events
International Gemological Institute Announces First Interim Dividend for FY 2026-27
Aug 18, 2026
International Gemological Institute Limited’s board has approved a first interim dividend of Rs 2.55 per equity share of face value Rs 2 for the financial year 2026-27, underscoring the company’s cash-generating capacity in a specialis...
International Gemological Institute Announces First Interim Dividend for FY 2026-27
Aug 18, 2026
International Gemological Institute Limited has declared a first interim dividend of Rs 2.55 per equity share of face value Rs 2 for the financial year 2026-27, underscoring its intention to return cash to shareholders. The record date to determin...
International Gemological Institute Shares Investor Day Presentation with Markets
Aug 3, 2026
International Gemological Institute Limited has shared an Investor Day presentation with stock exchanges, signaling ongoing engagement with the financial community and stakeholders. The presentation, delivered at an event in Mumbai, highlights the...
International Gemological Institute Publishes Q1 FY27 Results and Seeks Shareholder Nod for Preferential Warrants
Jul 24, 2026
International Gemological Institute Limited has published its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 in leading English and Marathi newspapers, in line with listing regulations and disclosure no...
International Gemological Institute Sets August AGM, Seeks Nod for Promoter Warrants
Jul 24, 2026
International Gemological Institute Limited has notified exchanges that its 28th Annual General Meeting will be held on August 14, 2026, at 11:00 a.m. IST via video conferencing and other audio-visual means, with notice to shareholders published i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.