International Gemmological Institute (India) Ltd

International Gemmological Institute (India) Ltd

₹ 407 1.74%
29 Jul - close price
About

International Gemmological Institute Ltd is
world's largest independent certification and acccreditation services provider in the fields
of diamond, gemstone and jewellery[1]

Key Points

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.

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
184 209 197 189 190 234 234
55 43 72 48 48 52 63
Operating Profit 129 166 125 141 142 182 171
OPM % 70% 79% 63% 75% 75% 78% 73%
5 7 12 5 8 10 15
Interest 1 1 1 1 1 1 1
Depreciation 3 4 5 2 3 4 4
Profit before tax 131 168 131 143 146 188 181
Tax % 33% 25% 27% 25% 23% 26% 24%
88 126 96 108 112 139 137
EPS in Rs 2.42 2.72 2.58 3.22 3.18
Raw PDF
Upcoming result date: today

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%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2024Mar 2025Jun 2025
76.55% 76.55% 76.55%
9.10% 9.87% 10.18%
5.87% 5.88% 5.44%
8.47% 7.69% 7.82%
No. of Shareholders 1,87,3561,86,4021,90,286

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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