International Gemmological Institute (India) Limited (IN:IGIL)
:IGIL
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International Gemmological Institute (India) Limited
(IGIL)
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Rating:77Outperform
Price Target:
₹411.00
▲(10.20% Upside)
Action:N/A
Date:06/03/26
The score is driven primarily by very strong profitability and cash generation with low leverage, tempered by balance sheet stability concerns (negative equity in 2023) and some metric comparability flags. Technicals are supportive with price above key moving averages, while valuation is somewhat expensive (P/E ~27.4) with only moderate yield support.
Positive Factors
Strong cash generation
Consistently high operating cash flow and FCF (about 87% of net income in 2025) indicate the business converts earnings to cash effectively. Durable cash generation supports reinvestment, dividend capacity and de-risking of growth initiatives, strengthening financial flexibility over months.
Negative Factors
Balance-sheet volatility (negative equity in 2023)
A swing from materially negative equity to strong positive equity suggests a significant one-off event, reclassification, or prior losses. Such volatility undermines trend reliability and raises the need to verify capital adjustments and permanence of improvements when assessing stability across the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistently high operating cash flow and FCF (about 87% of net income in 2025) indicate the business converts earnings to cash effectively. Durable cash generation supports reinvestment, dividend capacity and de-risking of growth initiatives, strengthening financial flexibility over months.
Read all positive factors
International Gemmological Institute (India) Limited (IGIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹153.74B
Dividend Yield1.51%
Average Volume (3M)76.50K
Price to Earnings (P/E)26.9
Beta (1Y)1.56
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees894
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding432,159,700
10 Day Avg. Volume75,028
30 Day Avg. Volume76,502
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)N/A
Revenue Forecast (FY)N/A
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 fees for laboratory services related to the evaluation and documentation of gems and jewellery. Its core revenue stream is service income from grading and certification of diamonds and diamond jewellery (e.g....
International Gemmological Institute (India) Limited Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
70
Positive
Cash Flow
88
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.29B | 10.53B | 8.88B | 4.84B | 3.65B |
| Gross Profit | 11.88B | 10.08B | 8.43B | 4.70B | 3.50B |
| EBITDA | 7.83B | 6.35B | 5.08B | 3.44B | 2.50B |
| Net Income | 5.32B | 4.27B | 3.31B | 2.42B | 1.72B |
Balance Sheet | |||||
| Total Assets | 17.55B | 15.04B | 10.31B | 4.09B | 3.20B |
| Cash, Cash Equivalents and Short-Term Investments | 8.16B | 6.21B | 3.21B | 1.99B | 1.64B |
| Total Debt | 1.43B | 1.45B | 1.51B | 267.05M | 163.23M |
| Total Liabilities | 3.45B | 4.41B | 16.35B | 699.61M | 771.03M |
| Stockholders Equity | 14.10B | 10.63B | -6.04B | 3.39B | 2.43B |
Cash Flow | |||||
| Free Cash Flow | 4.39B | 3.54B | 2.48B | 1.83B | 1.88B |
| Operating Cash Flow | 5.02B | 3.93B | 3.03B | 1.94B | 1.93B |
| Investing Cash Flow | -3.07B | -16.41B | -846.46M | -430.53M | -127.10M |
| Financing Cash Flow | -2.48B | 11.88B | -1.62B | -1.54B | -1.71B |
International Gemmological Institute (India) Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹206.34B | 43.37 | ― | 1.32% | 6.59% | 0.76% | |
78 Outperform | ₹122.56B | 55.08 | ― | 0.10% | 18.27% | 13.51% | |
77 Outperform | ₹153.74B | 26.92 | ― | 1.51% | ― | ― | |
73 Outperform | ₹110.17B | 22.43 | ― | 3.23% | 14.59% | 14.87% | |
71 Outperform | ₹109.83B | 15.99 | ― | 0.31% | 36.70% | 35.14% | |
64 Neutral | ₹212.53B | 14.25 | ― | 2.48% | 19.96% | -7.12% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
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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.