I

International Gemological Institute Limited

IGILNSE
Market snapshot · 2026-08-11 05:38 UTC

350.20

₹-4.15 (-1.17%)

MARKET CAP

₹15.13K Cr

STOCK P/E

29.7x

52W HIGH

₹392.00

52W LOW

₹287.00

BOOK VALUE

₹34.43

EPS

₹11.80

ROE

SECTOR

Industrials

DEBT/EQUITY

9.59

VOLUME

63,839

P/B RATIO

10.17x

PEG RATIO

0.93

Sector

Industrials

Themes

Logistics
D
Dividend
E
Earnings
₹372.95₹353.38₹333.82₹314.25₹294.68VolumeDEEDEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

International Gemological Institute is a gemological certification and accreditation services company for diamonds, studded jewelry, and colored gemstones. Its revenue centers on natural-diamond certification, laboratory-grown diamond certification, and jewelry and gemstone services, supplemented by screening, sorting, and IGI Schools training. June 2026 standalone sales rose 22.2% year-on-year to Rs286.2 crore, supporting growth beyond the reported 1.1% annual increase. Profit growth was flat, while margins remained stable, indicating limited operating leverage despite higher recent sales. ROE is unavailable, and debt/equity of 9.59 implies substantial leverage that can magnify reported equity returns and financial risk. At 30x earnings, the shares appear rich relative to 1.1% revenue growth and flat profit growth. The valuation requires sustained adoption of laboratory-grown diamonds and management’s targeted 17–19% revenue CAGR; otherwise, leverage leaves limited room for execution setbacks.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for IGIL.

4.00 analysts

Price Forecast

Current
₹352.25
High Target
₹570.00
▲ +61.8%
Median Target
₹501.00
▲ +42.2%
Low Target
₹410.00
▲ +16.4%
Now₹352.25High ₹570.00Median ₹501.00Low ₹410.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
4 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹291.58 - ₹465.4480%
6M₹276.79 - ₹536.2880%
12M₹263.99 - ₹672.6680%
Realized vol: +36.5% · Drift: +24.6%

Revenue Forecast

₹ Cr
Jun '26Current₹286.0
Sep 2026 ETrend estimate range
High₹328.6Base₹304.2Low₹279.9
Sep '25: ₹241.0 · Dec '25: ₹247.0 · Mar '26: ₹296.0 · Jun '26: ₹286.0 · Sep '26: ₹304.2 · Dec '26: ₹311.8
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E241.0247.0296.0286.0304.2311.8
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹3.58
Sep 2026 ETrend estimate range
High₹4.27Base₹3.82Low₹3.36
Sep '25: ₹3.22 · Dec '25: ₹3.04 · Mar '26: ₹4.03 · Jun '26: ₹3.58 · Sep '26: ₹3.82 · Dec '26: ₹3.60
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E3.223.044.033.583.823.60
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
72%
Analyst Consensus
Weakening

From 4 analysts

Mean upside+40.7%

Fundamentals

Strong

Fundamentals institutional score is 74 using growth durability 74.0.

Valuation

Attractive relative to peers

Valuation institutional score is 84 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 80 using mean target upside 40.7%; dispersion penalty 12.9; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 67 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 3 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and valuation provide support, while market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Attractive relative to peersAnalyst Consensus PositiveTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price495.5 target
Mean Upside+40.7%
Technical Score67%
Fundamental Score74%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 1.7% above historical median. Valuation is declining — currently in the undervalued zone (z-score: -0.17). Confidence: 85%.

Live forward EPS implies next-12-month EPS of ₹17.71. Applying the stock's normalized valuation corridor produces a fair range of ₹498.71 to ₹558.04, with base value near ₹519.79 (+47.6% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹17.71

Forward P/E

19.9x

Base Fair Value

₹519.79

Fair Range

₹498.71 - ₹558.04

Upside To Base

+47.6%

Estimate Source

Live forward EPS

Growth Estimate

+32.0%

P/E
Undervalued

5Y Average

30.35

Current

29.85

Overvalued

31.51

Undervalued

28.16

EV/EBITDA
Undervalued

5Y Average

19.02

Current

18.71

Overvalued

19.87

Undervalued

17.62

P/B
Strongly Undervalued

5Y Average

13.20

Current

10.23

Overvalued

15.22

Undervalued

10.83

Peers & Comparison

Sector: Industrials · Theme: Logistics

Logistics Peers7 peers
Avg P/E: 75x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
BLUE DART EXPRESS LTD
BLUEDARTLogistics
+8.0%4.5%
42.0x
Undervalued
-44% vs avg
-12.6%
+14.2%1.1%
10.6x
Undervalued
-86% vs avg
+43.4%
SHREEJI SHIPPING GLOBAL L
SHREEJISPGLogistics
+20.5%21.5%
67.9x
Fair
-9% vs avg
+159.8%
BLACKBUCK LIMITED
BLACKBUCKLogistics
+42.1%23.7%
62.4x
Undervalued
-17% vs avg
+11.1%
SHADOWFAX TECHNOLOGIES L
SHADOWFAXLogistics
+64.9%3.6%
85.7x
Fair
+14% vs avg
+119.3%
+9.6%9.0%
15.8x
Undervalued
-79% vs avg
-19.1%
DELHIVERY LIMITED
DELHIVERYLogistics
+27.8%0.8%
240.4x
Premium
+221% vs avg
+2.2%
WHY THESE PEERS

INTL GEMOLOGICAL INST LTD trades at a discount (30.0x vs peer avg 75.0x), suggesting potential undervaluation relative to the Logistics cohort. Peers include BLUE DART EXPRESS LTD, SHIPPING CORP OF INDIA LT, SHREEJI SHIPPING GLOBAL L — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹286 CrJun 2026

Latest net profit

₹155 CrJun 2026

Latest EPS

₹3.58Jun 2026

Net margin

69.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%20.0%40.0%60.0%80.0%0.00 Cr75 Cr150 Cr225 Cr300 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr75 Cr150 Cr225 Cr300 Cr₹0₹2₹4₹6₹8
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr75 Cr150 Cr225 Cr300 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Dec 2021Dec 2022Dec 2023Dec 2024Mar 20260.00 Cr700 Cr1.40K Cr2.10K Cr2.80K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +184209197189190234234241247296286
Expenses +5543724848526365757789
Operating Profit129166125141142182171175172220197
OPM %70%79%63%75%75%78%73%73%70%74%69%
Other Income +571258101512151616
Interest11111110101
Depreciation34523444556
Profit before tax131168131143146188181182181230206
Tax %33%25%27%25%23%26%24%24%27%24%25%
Net Profit +8812696108112139137139132174155
EPS in Rs2.422.722.583.223.183.223.044.033.58
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +76.55%76.55%76.55%76.55%76.55%
FIIs +10.18%10.55%9.61%8.60%9.49%
DIIs +5.44%5.15%5.44%6.38%5.51%
Public +7.82%7.75%8.39%8.46%8.44%
Others0.01%0.01%0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 06, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Investor Presentation

Aug 03, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Jul 29, 2026PDFCompany Reports Open

Concall Transcript - FY2027

Jul 29, 2026PDFKnowledge Base Open