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International Gemmological Institute (India) Limited (IGIL) AI Stock Analysis

IN:IGIL

International Gemmological Institute (India) Limited

(NSE:IGIL)

Select Model
Rating:82Outperform
Price Target:INR 443.00â–²(11.24% Upside)
Action:reiterated
Date:10/24/26

The score is driven primarily by strong financial performance, including rapid growth, high profitability, improving leverage, and solid cash generation. Positive technical momentum supports the rating, while overbought indicators and only moderate valuation with a low dividend yield limit further upside to the score.

Positive Factors
Revenue and Profitability GrowthRevenue 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 VolatilityThe 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.

International Gemmological Institute (India) Limited (IGIL) vs. iShares MSCI India ETF (INDA)

-20%-10%0%10%20%30%IN:IGIL+20.44%INDA-11.66%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 171.89B
Dividend Yield
0.64%
Average Volume (3M)
125.21K
Price to Earnings (P/E)
25.6
Beta (1Y)
1.38
Revenue Growth
―
EPS Growth
―
Country
India
Employees
1,306
Sector
General
Sector Strength
55
Industry
Other Precious Metals

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 organiza...

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 and...

International Gemmological Institute (India) Limited Financial Statement Overview

Summary

Strong revenue and earnings growth, exceptionally high margins, improving leverage, and robust cash generation support a high score. The history of negative equity and unusually elevated recent revenue growth are important risks to monitor.

Income Statement

92Very Positive

Balance Sheet

80Positive

Cash Flow

88Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue14.57B12.29B10.53B8.88B4.84B3.65B
Gross Profit12.27B11.88B10.08B8.43B4.70B3.50B
EBITDA9.36B7.83B6.35B5.08B3.44B2.50B
Net Income6.66B5.32B4.27B3.31B2.42B1.72B
Balance Sheet
Total Assets21.65B17.55B15.04B10.31B4.09B3.20B
Cash, Cash Equivalents and Short-Term Investments5.60B8.16B6.21B3.21B1.99B1.64B
Total Debt1.50B1.43B1.45B1.51B267.05M163.23M
Total Liabilities4.14B3.45B4.41B16.35B699.61M771.03M
Stockholders Equity17.51B14.10B10.63B-6.04B3.39B2.43B
Cash Flow
Free Cash Flow4.12B4.39B3.54B2.48B1.83B1.88B
Operating Cash Flow4.03B5.02B3.93B3.03B1.94B1.93B
Investing Cash Flow-1.53B-3.07B-16.41B-846.46M-430.53M-127.10M
Financing Cash Flow-2.46B-2.48B11.88B-1.62B-1.54B-1.71B

International Gemmological Institute (India) Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price398.25

Price Trends

50DMA333.13Positive
100DMA341.35Positive
200DMA336.50Positive

Market Momentum

MACD19.87Negative
RSI73.76Negative
STOCH82.50Negative

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 398.25 is above the 20-day moving average (MA) of 341.43, above the 50-day MA of 333.13, and above the 200-day MA of 336.50, indicating a bullish trend. The MACD of 19.87 indicates Negative momentum. The RSI at 73.76 is Negative, neither overbought nor oversold. The STOCH value of 82.50 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

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:IGIL against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:IGILIN:IGIL82OutperformINR 171.81B25.56―0.64%――
IN:THANGAMAYLIN:THANGAMAYL56NeutralINR 138.51B35.41―0.40%83.21%252.74%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:SKYGOLDIN:SKYGOLD52NeutralINR 136.87B34.54――73.01%106.27%
IN:BLUESTONEIN:BLUESTONE46NeutralINR 103.33B96.09――――

* General Sector Average

Performance Comparison

0%50%100%150%IN:IGILIN:SKYGOLDIN:THANGAMAYLIN:BLUESTONEDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:IGIL and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:IGILInternational Gemmological Institute (India) Limited397.5567.4620.44%
IN:SKYGOLDSky Gold Limited883.75524.75146.17%
IN:THANGAMAYLThangamayil Jewellery Ltd.4456.201423.5446.94%
IN:BLUESTONEBluestone Jewellery and Lifestyle Limited676.25-35.00-4.92%

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 specialised...

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 determine e...

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 co...

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 norms...

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 in l...

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.

Date of analysis: Oct 24, 2026