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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹15661 Cr.
Stock P/E
36.7
P/B
10.5
Current Price
₹362.4
Book Value
₹ 34.4
Face Value
2
52W High
₹442.5
52W Low
₹ 287.3
Dividend Yield
0%

International Gemolo Overview

Business

International Gemological Institute Ltd. (IGIL) is a global leader in independent gemological certifications. The company specializes in grading and certifying diamonds (natural and lab-grown), colored gemstones, and jewelry. Its core business model revolves around providing unbiased, scientific evaluations of these items, offering consumers, retailers, and manufacturers a trusted third-party assessment of quality and authenticity. IGIL makes money by charging fees for its various services, including diamond grading reports, colored stone identification reports, jewelry appraisals, and educational programs related to gemology.

Revenue Mix

Specific detailed revenue mix percentages are not publicly available in the provided information. However, based on its operations, IGIL's primary revenue segments likely include:

Diamond Grading & Certification: Evaluating natural and lab-grown diamonds for cut, color, clarity, and carat weight.

Colored Gemstone Identification & Certification: Identifying and assessing the quality and origin of various colored gemstones.

Jewelry Certification & Appraisal: Providing reports for finished jewelry pieces, verifying the quality of stones and metals.

Educational Services: Offering courses and workshops in gemology.

Industry

IGIL operates within the specialized gemological services industry, a critical component of the global luxury jewelry market. This industry is characterized by a high demand for trust, accuracy, and standardization in grading. It is dominated by a few globally recognized players. IGIL is positioned as one of the world's leading gemological laboratories, alongside the Gemological Institute of America (GIA), with a significant international presence and a reputation for stringent grading standards. It serves a wide client base from miners and manufacturers to retailers and consumers.

MOAT

Brand & Reputation: In the gemological industry, trust and reputation are paramount. IGIL has built a strong, globally recognized brand over decades, signifying reliability and accuracy in grading, which is a significant barrier to entry for new competitors.

Scale & Network: A global network of laboratories and offices allows IGIL to serve clients efficiently across major diamond and jewelry centers, offering standardized services worldwide.

Expertise & Data: Years of experience, a vast database of gemological information, and a team of highly skilled gemologists contribute to consistent and authoritative grading, creating an operational advantage.

Growth Drivers

Increasing Consumer Awareness: Growing demand for transparency and independent certification for diamonds and jewelry, especially in emerging markets like India and China.

Growth in Lab-Grown Diamonds: The burgeoning market for lab-grown diamonds requires robust certification services, a segment where IGIL is an active player.

E-commerce Boom: Online sales of jewelry necessitate independent grading reports to build consumer confidence and overcome the lack of physical inspection.

Traceability & Ethical Sourcing: Growing consumer and industry demand for information on origin and ethical sourcing, which certification can help validate.

Global Luxury Market Expansion: Overall growth in disposable income and luxury spending, particularly in Asia, drives demand for high-value jewelry requiring certification.

Risks

Reputational Damage: Any perceived inconsistency in grading, errors, or ethical lapses could severely erode trust, which is fundamental to its business.

Economic Downturns: As a service provider to the luxury goods sector, IGIL's business is sensitive to discretionary spending, making it vulnerable to economic recessions.

Intense Competition: Fierce competition from other established global gem labs and smaller local players can lead to pricing pressure.

Technological Disruption: Rapid advancements in diamond synthesis or detection technologies could require significant investment and adaptation.

Regulatory & Trade Policies: Changes in international trade regulations, import/export policies, or gemstone disclosure requirements could impact operations.

Management & Ownership

As an Indian-listed company, International Gemological Institute Ltd. is likely led by a promoter group, which typically holds a significant stake. Specific details regarding the current management team's quality, background, and precise ownership structure are not provided in the prompt. However, its global stature implies a management team with deep industry knowledge and international experience to maintain its operational standards and global network. The ownership structure would typically include promoter holdings, institutional investors, and public shareholders.

Outlook

IGIL operates in an industry driven by trust and transparency, which is increasingly vital in the global jewelry market. Its established brand, extensive network, and expertise position it well to capitalize on the growing demand for certified diamonds and jewelry, including the rapidly expanding lab-grown diamond segment. However, the company faces inherent risks such as the critical importance of maintaining its reputation, sensitivity to global economic cycles, and intense competition. Its ability to adapt to technological advancements and evolving consumer demands for ethical sourcing and traceability will be crucial for sustained growth.

International Gemolo Share Price

Live · BSE / NSE · Inception: 1999
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

International Gemolo Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 250 278 260 250 265 305 301 304 320 369
Other Income 9 12 3 9 12 8 14 12 11 18
Total Income 259 290 262 259 277 313 315 316 331 387
Total Expenditure 121 105 133 103 113 109 127 128 128 133
Operating Profit 138 186 129 156 164 204 187 189 203 254
Interest 4 3 2 2 1 3 2 2 2 3
Depreciation 13 12 13 6 10 10 10 11 12 13
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 121 171 114 147 153 191 175 175 188 239
Provision for Tax 42 45 36 38 39 51 48 46 54 59
Profit After Tax 78 126 78 110 114 141 127 130 135 180
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 78 126 78 110 114 141 127 130 135 180
Adjusted Earnings Per Share 2 3.2 2 2.8 2.6 3.3 2.9 3 3.1 4.2

International Gemolo Profit & Loss

#(Fig in Cr.) Dec 2022 Dec 2023 Mar 2024 Dec 2024 TTM
Net Sales 491 898 209 1053 1294
Other Income 8 12 10 35 55
Total Income 499 910 219 1088 1349
Total Expenditure 156 401 47 453 516
Operating Profit 344 508 172 636 833
Interest 3 11 1 9 9
Depreciation 12 42 4 41 46
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 329 455 168 585 777
Provision for Tax 88 125 43 158 207
Profit After Tax 242 331 125 427 572
Adjustments 0 0 0 0 0
Profit After Adjustments 242 331 125 427 572
Adjusted Earnings Per Share 6.1 8.3 3.1 9.9 13.2

International Gemolo Balance Sheet

#(Fig in Cr.) Dec 2022 Dec 2023 Mar 2024 Dec 2024
Shareholder's Funds 339 -604 559 1063
Minority's Interest 0 0 0 0
Borrowings 0 0 0 0
Other Non-Current Liabilities 31 137 32 120
Total Current Liabilities 39 1491 63 304
Total Liabilities 409 1024 654 1487
Fixed Assets 110 382 116 382
Other Non-Current Assets 23 149 152 86
Total Current Assets 276 493 386 1019
Total Assets 409 1024 654 1487

International Gemolo Cash Flow

#(Fig in Cr.) Dec 2022 Dec 2023 Mar 2024 Dec 2024
Opening Cash & Cash Equivalents 36 136 117 191
Cash Flow from Operating Activities 194 303 104 393
Cash Flow from Investing Activities -43 -85 -66 -1641
Cash Flow from Financing Activities -154 -162 -77 1188
Net Cash Inflow / Outflow -3 55 -39 -60
Closing Cash & Cash Equivalent 34 191 79 139

International Gemolo Ratios

# Dec 2022 Dec 2023 Mar 2024 Dec 2024
Earnings Per Share (Rs) 6.09 8.33 3.14 9.89
CEPS(Rs) 6.38 9.39 3.24 10.85
DPS(Rs) 3.68 3.52 1.88 2.44
Book NAV/Share(Rs) 8.54 -15.23 14.09 24.58
Core EBITDA Margin(%) 68.3 53.69 77.31 55.17
EBIT Margin(%) 67.65 50.43 80.43 54.61
Pre Tax Margin(%) 67.08 49.24 80.12 53.79
PAT Margin (%) 49.24 35.77 59.68 39.27
Cash Profit Margin (%) 51.59 40.3 61.45 43.08
ROA(%) 59.1 46.18 19.85 34.04
ROE(%) 71.3 0 23.37 186.63
ROCE(%) 97.96 0 31.49 259.24
Receivable days 46.87 37.21 204.92 48.48
Inventory Days 0.11 0.18 1.49 0.24
Payable days 939.75 1365.68 3175.54 3917.71
PER(x) 0 0 0 55.98
Price/Book(x) 0 0 0 22.51
Dividend Yield(%) 0 0 0 0.44
EV/Net Sales(x) -0.41 -0.36 -1.15 22.34
EV/Core EBITDA(x) -0.58 -0.63 -1.4 37.02
Net Sales Growth(%) 0 82.9 -67.25 17.28
EBIT Growth(%) 0 40.4 -62.39 27.4
PAT Growth(%) 0 36.85 -61.57 29.15
EPS Growth(%) 0 36.85 -61.57 18.64
Debt/Equity(x) 0 -0 0 0
Current Ratio(x) 7.14 0.33 6.16 3.35
Quick Ratio(x) 7.14 0.33 6.15 3.35
Interest Cover(x) 118.21 42.58 255.22 67.26
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +404% +29%
Operating Profit CAGR +270% +23%
PAT CAGR +242% +21%
Share Price CAGR -5%
ROE Average +187% +70% +70% +70%
ROCE Average +259% +97% +97% +97%

International Gemolo Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 76.55 %
FII 8.6 %
DII (MF + Insurance) 6.38 %
Public (retail) 23.45 %
# Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 76.5576.5576.5576.5576.5576.5576.55
FII 9.079.19.8810.1810.559.68.6
DII 7.735.885.885.445.145.456.38
Public 23.4523.4523.4523.4523.4523.4523.45
Others 0000000
Total 100100100100100100100

International Gemolo Peer Comparison

Business Support Edit Columns

International Gemolo Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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International Gemolo Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 70%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 3175.54 to 3917.71days.
  • Stock is trading at 10.5 times its book value.
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