IGILServices

International Gemological Institute Limited

Diversified Commercial Services · ISIN INE0Q9301021 · BSE 544311 · NSE EQ · FV ₹2
Last price
₹315
+0.16%today
What this company does

International Gemological Institute Limited operates in Diversified Commercial Services, part of the Services sector. It booked ₹371 cr of revenue in its latest quarter (Q1 FY27) and kept 44.7% of sales as profit. It is the largest of 9 Diversified Commercial Services companies we track, by market value.

75out of 100
Equitytale Health Score
Solid

Healthier than 75% of companies in Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 29–116 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
35

At close. Not part of the score.

Profitability & returns96

How much profit it earns on the money it employs

Balance sheet97

How much it owes, and whether earnings cover the interest

Cash quality37

Whether reported profit actually arrives as cash

Valuation43

What today's price implies, against our models or its peers

Governance & risk88

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 45% net margin
Sales up 23% vs last year
Profit up 31% vs last year
Promoters hold 77%
No promoter shares pledged
Strong 45% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in IGIL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹315 +0.16%
latest close · 2026-09-17
52-wk low ₹30742 sessions so far52-wk high ₹371
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio20.5Average
LowAverageHigh
P/B ratio9.13High
Below bookModerateHigh
EV / EBITDA14.1Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity44.6%Strong
WeakFairStrong ▸15%
Return on capital54.1%Strong
WeakFairStrong
Net margin44.7%Strong
ThinDecentStrong
EBITDA margin64.6%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover78.4×Strong
RiskyOkayStrong ▸5×
Current ratio5.04Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹13,591 cr
Book value
₹34
EPS
₹3.84
latest quarter
Net debt
₹-82 cr
more cash than debt
Enterprise value
₹13,510 cr
EBITDA
₹958 cr
annualised
EBIT
₹903 cr
annualised
Operating margin
60.9%
Return on assets
35.7%
Earnings yield
4.88%
P/S
9.16
Sales / share
₹34.4
Tax rate
25.6%
Face value
₹0
Shares
43.2 cr
Working capital
₹768 cr
Current assets
₹958 cr
Current liabilities
₹190 cr
Delivery %
55.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹181 vs market price ₹315 — price is 74% above it
Safety cushion-73.5%(target ≥ +20%)
Models span ₹174₹189, midpoint ₹181
Model ₹181
Price ₹315
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹371 cr
Other Income₹16 cr
Total Income₹387 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹1 cr
Inventory Change (±)₹85.8 L
Employee Benefit Expense₹83 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹14 cr
Other Expenses₹62 cr
Total Expenses₹164 cr
Profit before Tax₹223 cr
Tax Expense₹57 cr
Net Profit₹166 cr
Net margin on total income42.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹2 cr0.5%
Employee benefit expense₹83 cr21.4%
Finance costs₹3 cr0.7%
Depreciation & amortisation₹14 cr3.6%
Other expenses₹62 cr16.1%
Tax expense₹57 cr14.8%
Profit for the period₹166 cr42.9%
Total income ₹387 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue320 cr369 cr371 cr
Total income331 cr387 cr387 cr
Expenses143 cr148 cr164 cr
Profit before tax188 cr239 cr223 cr
Tax54 cr59 cr57 cr
Net profit (owners' share)135 cr180 cr166 cr
Net margin (owners' share, on revenue)42.1%48.7%44.7%
EPS (₹)3.114.163.84
YoY (latest quarter): total income +22.9% · net profit +31.0%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1,858 cr
Shareholder equity
₹1,488 cr
parent shareholders
Total debt
₹0 cr
Cash
₹82 cr
Cash flow · Q1 FY26
Operating
₹253 cr
Investing
₹-209 cr
Financing
₹-126 cr
Peer comparison
Diversified Commercial Services · by market value
CompanyPriceMarket capP/E
International Gemological Institute Limitedthis company₹315₹13,591 cr20.5
WeWork India Management Limited₹683₹9,464 cr
Nesco Limited₹1,082₹7,619 cr19.1
Inox Green Energy Services Limited₹175₹7,012 cr43.2
Indiabulls Limited₹30₹6,637 cr11.6
Bluspring Enterprises Limited₹124₹6,520 cr
Smartworks Coworking Spaces Limited₹520₹5,941 cr113.0
LEAP India Limited₹136₹5,619 cr56.8
Quess Corp Limited₹353₹5,272 cr16.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.60%
trailing 12 months
Dividend / share (TTM)
₹5.05
Last dividend
₹2.55
ex 24 Aug 2026
ActionDetailEx-date
Dividend₹2.55 / share24 Aug 2026
Dividend₹2.5 / share17 Feb 2026
Dividend₹2.5 / share14 Aug 2025
Dividend₹2.44 / share28 Feb 2025
Who owns it · 2026-06-30
No pledge
Promoter
76.5%
FII / Foreign
9.5%
DII / Domestic
5.5%
Retail / others
8.4%
Smart-money activity
Insider trades
BoughtAniket Shah · Employees/Designated Employees2,030 · ₹10.2 L20 Dec 24
SoldBhavik Chikani · Employees/Designated Employees1,880 · ₹10.8 L20 Dec 24
BoughtBhavik Chikani · Employees/Designated Employees2,285 · ₹12.7 L20 Dec 24
Bulk / block deals
short · NSE143 Sep 26
short · NSE18420 May 26
short · NSE2024 Apr 26
Stake changes
BoughtDB International Trust (Singapore) Limited acting as the security agent for the Lenders→ 76.55% · 33.08 cr20 Dec 24
Promoter pledges
PledgedDB International Trust (Singapore) Limited33.08 cr · 0.00% held7 Sep 23
PledgedDB International Trust (Singapore) Limited33.08 cr · 0.00% held7 Sep 23
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 14 Aug 2026
See the official result
1
To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended 31st March, 2026 (i.e., 1st January, 2025 to 31st March, 2026), together with the Reports of Board of Directors and Auditors thereon.
Backed by 99% of shareholders other than promotersneeded 50%
4.81 cr votes for, 4.65 L against · 1% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Tejas Naphade (DIN: 10219144), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 93% of shareholders other than promotersneeded 50%
4.54 cr votes for, 31.88 L against · 7% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹1,475 cr raised in Dec 2024 by selling shares to the public

The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet. ICRA Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.