IGILServices

International Gemological Institute Limited

Diversified Commercial Services · ISIN INE0Q9301021 · BSE 544311 · NSE EQ · FV ₹2
Last price
₹402
-1.43%today
What this company does

International Gemological Institute Limited operates in Diversified Commercial Services, part of the Services sector. It booked ₹398 cr of revenue in its latest quarter (Q2 FY27) and kept 46.7% of sales as profit. It is the largest of 9 Diversified Commercial Services companies we track, by market value.

71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 34–117 companies that reported it.

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

Price momentum
overbought
RSI (14)
77

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

Valuation18

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 47% net margin
✓ Sales up 31% vs last year
✓ Profit up 43% vs last year
✓ Promoters hold 77%
✓ No promoter shares pledged
✓ Strong 42% 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 We do not publish price targets or predict returns.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
₹402▼ -1.43%
latest close · 2026-11-04
52-wk low ₹30474 sessions so far52-wk high ₹421
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 ratio23.4Average
LowAverageHigh
P/B ratio9.92High
Below bookModerateHigh
EV / EBITDA16.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity42.5%Strong
WeakFairStrong ▸15%
Return on capital50.9%Strong
WeakFairStrong
Net margin46.7%Strong
ThinDecentStrong
EBITDA margin66.2%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover117.5×Strong
RiskyOkayStrong ▸5×
Current ratio6.25Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹17,373 cr
Book value
₹41
EPS
₹4.30
latest quarter
Net debt
₹-130 cr
more cash than debt
Enterprise value
₹17,243 cr
EBITDA
₹1,053 cr
annualised
EBIT
₹991 cr
annualised
Operating margin
62.2%
Return on assets
34.3%
Earnings yield
4.28%
P/S
10.91
Sales / share
₹36.8
Tax rate
24.3%
Face value
₹2
Shares
43.2 cr
Working capital
₹1,139 cr
Current assets
₹1,355 cr
Current liabilities
₹217 cr
Delivery %
46.4%
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 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹198 vs market price ₹402 — price is 103% above it
Safety cushion-102.6%(target ≥ +20%)
Models span ₹175–₹222, midpoint ₹198
Model ₹198
Price ₹402
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 · Q2 FY27 (consolidated)
Revenue from Operations₹398 cr
Other Income₹19 cr
Total Income₹417 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹4 cr
Inventory Change (±)₹-58.8 L
Employee Benefit Expense₹87 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹16 cr
Other Expenses₹63 cr
Total Expenses₹171 cr
Profit before Tax₹246 cr
Tax Expense₹60 cr
Net Profit₹186 cr
Net margin on total income44.6%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹4 cr0.9%
Employee benefit expense₹87 cr20.9%
Finance costs₹2 cr0.5%
Depreciation & amortisation₹16 cr3.7%
Other expenses₹63 cr15.1%
Tax expense₹60 cr14.3%
Profit for the period₹186 cr44.6%
Total income ₹417 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue369 cr371 cr398 cr
Total income387 cr387 cr417 cr
Expenses148 cr164 cr171 cr
Profit before tax239 cr223 cr246 cr
Tax59 cr57 cr60 cr
Net profit (owners' share)180 cr166 cr186 cr
Net margin (owners' share, on revenue)48.7%44.7%46.7%
EPS (₹)4.163.844.30
YoY (latest quarter): total income +31.8% · net profit +43.2%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹2,165 cr
Shareholder equity
₹1,751 cr
parent shareholders
Total debt
₹0 cr
Cash
₹130 cr
Cash flow · H1 FY27
Operating
₹416 cr
Investing
₹-257 cr
Financing
₹-130 cr
Peer comparison
Diversified Commercial Services · by market value
CompanyPriceMarket capP/E
International Gemological Institute Limitedthis company₹408₹17,626 cr23.7
WeWork India Management Limited₹663₹9,213 cr113.6
Bluspring Enterprises Limited₹143₹7,552 cr—
Nesco Limited₹1,037₹7,305 cr17.4
Indiabulls Limited₹30₹6,751 cr11.8
Smartworks Coworking Spaces Limited₹484₹5,540 cr54.1
LEAP India Limited₹113₹4,975 cr65.7
Quess Corp Limited₹319₹4,762 cr15.8
Inox Green Energy Services Limited₹115₹4,610 cr28.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.26%
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 · 2026-09-30
No pledge
Promoter
76.5%
FII / Foreign
8.8%
DII / Domestic
5.5%
Retail / others
9.2%
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— · NSE227 Oct 26
short— · NSE14,25222 Oct 26
short— · NSE8029 Sep 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 Sep 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.