International Gemological Institute Ltd isworld's largest independent certification and acccreditation services provider in the fieldsof diamond, gemstone and jewellery[1]
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.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | International Ge | 332.75 | 27.26 | 14380.11 | 0.75 | 139.13 | 29.05 | 240.77 | 27.23 | 42.62 | 899.39 | 74.50 | 527.43 | 139.13 | 6.10 | 28.68 | 0.01 |
| 2. | NESCO | 1253.30 | 21.35 | 8830.75 | 0.52 | 118.91 | 11.26 | 239.18 | 24.51 | 21.12 | 831.07 | 57.58 | 413.61 | 118.91 | 3.16 | 13.76 | 0.04 |
| 3. | Wework India | 610.85 | 46.41 | 8186.81 | 0.00 | 7.39 | -96.38 | 573.03 | 22.26 | 137.07 | 1941.81 | 63.70 | 176.41 | 7.39 | – | 3.57 | 22.73 |
| 4. | Smartworks Cowor | 506.00 | – | 5781.66 | 0.00 | -3.14 | 80.16 | 424.78 | 21.24 | 6.97 | 1374.06 | 62.39 | -64.72 | -3.14 | 11.35 | -1.47 | 8.60 |
| 5. | CMS Info Systems | 342.20 | 15.74 | 5628.25 | 1.90 | 73.35 | -19.32 | 608.62 | -2.55 | 23.67 | 2436.59 | 25.32 | 357.68 | 73.35 | 2.41 | 12.44 | 0.10 |
| 6. | NDR INVIT Trust | 128.00 | 35.00 | 5068.96 | 1.43 | 36.60 | 39.07 | 103.61 | 38.00 | 4.74 | 379.03 | 87.31 | 144.82 | 37.05 | 1.33 | 2.65 | 0.38 |
| 7. | Nirlon | 499.80 | 14.17 | 4504.20 | 5.20 | 147.66 | 161.39 | 165.31 | 3.18 | 30.18 | 647.67 | 78.91 | 317.91 | 147.66 | 9.71 | 10.00 | 2.47 |
| – | Median: 60 Co. | 142.63 | 22.77 | 402.39 | 0.0 | 6.51 | 36.2 | 64.05 | 26.34 | 12.84 | 272.73 | 14.84 | 13.63 | 6.48 | 2.79 | 5.21 | 0.28 |
Standalone figures in ₹ crores
| Dec 2023 | Dec 2024 | Jun 2024 | Jun 2025 | Mar 2024 | Mar 2025 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
Sales | 184 | 190 | 197 | 234 | 209 | 234 | 189 | 241 |
Expenses | 55 | 48 | 72 | 63 | 43 | 52 | 48 | 65 |
Operating Profit | 129 | 142 | 125 | 171 | 166 | 182 | 141 | 175 |
Other Income | 5 | 8 | 12 | 15 | 7 | 10 | 5 | 12 |
Profit before tax | 131 | 146 | 131 | 181 | 168 | 188 | 143 | 182 |
Tax % | 33% | 23% | 27% | 24% | 25% | 26% | 25% | 24% |
Net Profit | 88 | 112 | 96 | 137 | 126 | 139 | 108 | 139 |
EPS in Rs | – | 2.58 | 2.42 | 3.18 | – | 3.22 | 2.72 | 3.22 |
Standalone Figures in ₹ Crores / Yearly
| Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Mar 2019 | Mar 2020 | TTM | |
|---|---|---|---|---|---|---|---|---|
Sales | 130 | 365 | 491 | 636 | 785 | 205 | 210 | 899 |
Expenses | 66 | 124 | 154 | 183 | 213 | 101 | 91 | 229 |
Operating Profit | 64 | 241 | 337 | 453 | 572 | 104 | 119 | 670 |
Other Income | 3 | 10 | 9 | 11 | 31 | 6 | 3 | 44 |
Interest | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 2 |
Depreciation | 9 | 12 | 11 | 13 | 14 | 6 | 12 | 15 |
Profit before tax | 57 | 236 | 332 | 449 | 587 | 101 | 110 | 697 |
Net Profit | 41 | 177 | 244 | 330 | 439 | 71 | 79 | 527 |
EPS in Rs | – | – | – | – | 10.16 | – | – | 12.20 |
Dividend Payout % | 0% | 0% | 0% | 0% | 24% | 108% | 0% | – |
Standalone figures in ₹ crores
| 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 |
Borrowings | 0 | 0 | 0 | 0 | 0 | 31 | 31 | 26 |
Other Liabilities | 15 | 26 | 47 | 78 | 70 | 63 | 235 | 121 |
Total Liabilities | 142 | 202 | 266 | 326 | 412 | 610 | 2,453 | 2,505 |
Fixed Assets | 69 | 73 | 73 | 76 | 108 | 115 | 119 | 122 |
Gross Block | 81.52 | 97.47 | 125.02 | 141.67 | 227.46 | 202.40 | 219.37 | – |
Accumulated Depreciation | 12.64 | 24.52 | 52.43 | 65.80 | 119.02 | 87.34 | 100.69 | – |
CWIP | 0 | 0 | 0 | 10 | 0 | 20 | 36 | 45 |
Investments | 0 | 0 | 0 | 0 | 0 | 3 | 1,349 | 1,349 |
Other Assets | 73 | 129 | 193 | 240 | 303 | 471 | 949 | 989 |
Total Assets | 142 | 202 | 266 | 326 | 412 | 610 | 2,453 | 2,505 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 108 | 101 | 77 | 194 | 199 | 299 | 378 |
Cash from Investing Activity | -52 | -11 | -6 | -21 | -48 | -68 | -1,634 |
Cash from Financing Activity | -75 | -37 | -8 | -146 | -154 | -149 | 1,210 |
Net Cash Flow | -19 | 53 | 63 | 27 | -3 | 81 | -46 |
Standalone Figures in ₹ Crores / Yearly
| 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% |
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International Gemological Institute Ltd is world's largest independent certification and acccreditation services provider in the fields of diamond, gemstone and jewellery.
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