International Gemmological Institute (India) Ltd
International Gemmological Institute Ltd is
world's largest independent certification and acccreditation services provider in the fields
of diamond, gemstone and jewellery[1]
- Market Cap ₹ 17,593 Cr.
- Current Price ₹ 407
- High / Low ₹ 642 / 282
- Stock P/E 35.5
- Book Value ₹ 54.6
- Dividend Yield 0.60 %
- ROCE 42.6 %
- ROE 32.5 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 44.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 48.8%
Cons
- Stock is trading at 7.45 times its book value
- Working capital days have increased from 77.2 days to 171 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Dec 2020 9m | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | TTM | |
---|---|---|---|---|---|---|---|---|
205 | 210 | 130 | 365 | 491 | 636 | 785 | 848 | |
101 | 91 | 66 | 124 | 154 | 183 | 213 | 212 | |
Operating Profit | 104 | 119 | 64 | 241 | 337 | 453 | 572 | 636 |
OPM % | 51% | 57% | 49% | 66% | 69% | 71% | 73% | 75% |
6 | 3 | 3 | 10 | 9 | 11 | 31 | 37 | |
Interest | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
Depreciation | 6 | 12 | 9 | 12 | 11 | 13 | 14 | 14 |
Profit before tax | 101 | 110 | 57 | 236 | 332 | 449 | 587 | 657 |
Tax % | 30% | 28% | 28% | 25% | 26% | 27% | 25% | |
71 | 79 | 41 | 177 | 244 | 330 | 439 | 496 | |
EPS in Rs | 10.16 | 11.70 | ||||||
Dividend Payout % | 108% | 0% | 0% | 0% | 0% | 0% | 24% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 31% |
3 Years: | 29% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 44% |
3 Years: | 35% |
TTM: | 33% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 50% |
3 Years: | 49% |
Last Year: | 32% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Jun 2025 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 0.39 | 0.39 | 0.39 | 0.39 | 0.40 | 0.40 | 86 | 86 |
Reserves | 126 | 175 | 218 | 248 | 341 | 516 | 2,101 | 2,273 |
0 | 0 | 0 | 0 | 0 | 31 | 31 | 26 | |
15 | 26 | 47 | 78 | 70 | 63 | 235 | 121 | |
Total Liabilities | 142 | 202 | 266 | 326 | 412 | 610 | 2,453 | 2,505 |
69 | 73 | 73 | 76 | 108 | 115 | 119 | 122 | |
CWIP | 0 | 0 | 0 | 10 | 0 | 20 | 36 | 45 |
Investments | 0 | 0 | 0 | 0 | 0 | 3 | 1,349 | 1,349 |
73 | 129 | 193 | 240 | 303 | 471 | 949 | 989 | |
Total Assets | 142 | 202 | 266 | 326 | 412 | 610 | 2,453 | 2,505 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
---|---|---|---|---|---|---|---|
108 | 101 | 77 | 194 | 199 | 299 | 378 | |
-52 | -11 | -6 | -21 | -48 | -68 | -1,634 | |
-75 | -37 | -8 | -146 | -154 | -149 | 1,210 | |
Net Cash Flow | -19 | 53 | 63 | 27 | -3 | 81 | -46 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
---|---|---|---|---|---|---|---|
Debtor Days | 33 | 40 | 77 | 34 | 47 | 62 | 67 |
Inventory Days | |||||||
Days Payable | |||||||
Cash Conversion Cycle | 33 | 40 | 77 | 34 | 47 | 62 | 67 |
Working Capital Days | 25 | 18 | -9 | -16 | 26 | 34 | 171 |
ROCE % | 73% | 33% | 102% | 113% | 102% | 43% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
5m - Audio recording of Q1 and H1 FY2025 earnings call now available on company website.
- Announcement under Regulation 30 (LODR)-Investor Presentation 2h
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
2h - IGI reports 16% revenue and 37% EBITDA growth in Q2 2025 with improved margins and PAT.
-
Board Meeting Outcome for Outcome Of Board Meeting
3h - IGI India reports Q2 and H1 FY25 unaudited financial results with auditor's limited review.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
23 Jul - Earnings conference call scheduled on July 29, 2025, at 5:30 PM IST for Q2 results discussion.
Concalls
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Jul 2025TranscriptNotesPPT
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Apr 2025Transcript PPT REC
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Mar 2025Transcript PPT
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Feb 2025TranscriptNotesPPT REC
Business Overview:[1][2]
IGII provides certification and accreditation of natural diamonds, laboratory-grown diamonds, studded jewelry and colored stones. It also offers educational programs. It started its operations in Belgium and currently has a global network of 31 branches equipped with IGI labs across 10 countries and 18 schools of gemology across 6 countries.