Sector Alpha Week of 2026-07-29
20-quarter listed-company comparison

Lab Grown Diamonds Stocks in India

Lab Grown Diamonds: Renaissance Global Ltd owns the largest revenue base AND the fastest current growth.

Nifty Lab Grown Diamonds Index — Constituents & Performance

The Lab Grown Diamonds companies below are the listed Indian Lab Grown Diamonds universe this page tracks — the same constituent set people search for as the Nifty Lab Grown Diamonds index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

The sector itself · before any single company

How has Lab Grown Diamonds moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 63% ahead of NIFTY 500. Earnings across its companies grew 18% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 11 weeks running.

BREAKING OUT · ahead 11wPrice and the fundamentals both up2 of 3 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑11w · 3/3 >200d (+1) · 2/3 lead (+1) · EPS 3/3↑

200500202620252024202320222021 386335 TRAILING 12-MONTH EPS · 100 AT THE START0100124Mar 25Jun 25Sep 25Dec 25Mar 26Mar 2025 · trailing 12-month earnings per share at 100, against 100 at the start · up 13.5% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 109, against 100 at the start · up 8.7% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 111, against 100 at the start · up 17.4% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 116, against 100 at the start · up 22.1% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 124, against 100 at the start · up 24.4% on a year ago · 3 reportingJun 2023 · too few reporting — 2 of the Lab Grown Diamonds filed a comparable quarter, and three is the floor for a readingSep 2023 · too few reporting — 2 of the Lab Grown Diamonds filed a comparable quarter, and three is the floor for a readingDec 2023 · too few reporting — 2 of the Lab Grown Diamonds filed a comparable quarter, and three is the floor for a readingMar 2024 · too few reporting — 2 of the Lab Grown Diamonds filed a comparable quarter, and three is the floor for a readingJun 2024 · too few reporting — 2 of the Lab Grown Diamonds filed a comparable quarter, and three is the floor for a readingSep 2024 · too few reporting — 2 of the Lab Grown Diamonds filed a comparable quarter, and three is the floor for a readingDec 2024 · too few reporting — 2 of the Lab Grown Diamonds filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two124 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200500202620252024202320222021 386335 TRAILING 12-MONTH EPS · 100 AT THE START0100124Mar 25Mar 26Mar 2025 · trailing 12-month earnings per share at 100, against 100 at the start · up 13.5% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 109, against 100 at the start · up 8.7% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 111, against 100 at the start · up 17.4% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 116, against 100 at the start · up 22.1% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 124, against 100 at the start · up 24.4% on a year ago · 3 reportingJun 2023 · too few reporting — 2 of the Lab Grown Diamonds filed a comparable quarter, and three is the floor for a readingSep 2023 · too few reporting — 2 of the Lab Grown Diamonds filed a comparable quarter, and three is the floor for a readingDec 2023 · too few reporting — 2 of the Lab Grown Diamonds filed a comparable quarter, and three is the floor for a readingMar 2024 · too few reporting — 2 of the Lab Grown Diamonds filed a comparable quarter, and three is the floor for a readingJun 2024 · too few reporting — 2 of the Lab Grown Diamonds filed a comparable quarter, and three is the floor for a readingSep 2024 · too few reporting — 2 of the Lab Grown Diamonds filed a comparable quarter, and three is the floor for a readingDec 2024 · too few reporting — 2 of the Lab Grown Diamonds filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two124No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Lab Grown Diamonds, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy Broadening down the ladderHow much of the sector is participating, how recently, and whether the movers score well.
Together2 of 3 stocks moving
Fresh1 crossed in the last 4 weeks
Backed by scoresmovers score −1 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/10
Mid 1/10
Small 1/1+1

Participation is spreading downward — the mid and small companies added more this month than the large ones did.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Lab Grown Diamonds outperforming NIFTY 500?

The 52-week comparison of Lab Grown Diamonds against NIFTY 500 is not available from the current market series. 3 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Renaissance Global Ltd is the strongest against the sector itself at -2.3%. Readings are as of 2026-07-19.

Sector vs NIFTY 500 · 13 weeks
Sector vs NIFTY 500 · 52 weeks
3/3Stocks leading NIFTY 500
0/3Stocks leading sector

Sector metric: 11.0 as of 2026-07-19 · CONSOLIDATION · falling.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

The 52-week sector comparison is unavailable. 3 of 3 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Renaissance Global Ltd leads with revenue of ₹2,812 crore, based on 3 of 3 comparable companies through Mar 2026. Renaissance Global Ltd has the fastest current revenue growth at 35.1%, across 3 of 3 comparable companies.

Is the Lab Grown Diamonds sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 3 of 3 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Lab Grown Diamonds company is largest by revenue?

Renaissance Global Ltd leads with revenue of ₹2,812 crore, based on 3 of 3 comparable companies through Mar 2026.

Which Lab Grown Diamonds company is growing fastest?

Renaissance Global Ltd has the fastest current revenue growth at 35.1%, across 3 of 3 comparable companies.

Which Lab Grown Diamonds company has the strongest 4-Factor Sector Score?

Goldiam International Ltd ranks first at 60.6/100 with 92.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Lab Grown Diamonds company has the least gross debt?

Goldiam International Ltd has the lowest comparable gross debt at ₹77 crore. Renaissance Global Ltd has the highest at ₹641 crore.

Which Lab Grown Diamonds company has the lowest comparable PEG?

Goldiam International Ltd has the lowest comparable Guarded PEG at 0.38, among 1 of 3 companies that pass the metric’s comparability rules.

How much history does this Lab Grown Diamonds comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
3
complete canonical membership
Combined market value
₹21.1K Cr
International Gemological Institute Limited
Revenue growing
3/3
positive TTM year-on-year growth
Beating NIFTY 500
3/3
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Goldiam International Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 92.6% evidence confidence.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Goldiam International Ltd · GOLDIAM

60.6/100 · Mixed-positive evidence · 93% evidence

Exact sum: 22.5 + 20.8 + 12.3 + 5 = 60.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.5/35Growth & earnings

Revenue 25.1% · PAT 45.3% · OPM change 1 pp

88% evidence

20.8/25Capital efficiency

ROCE 23.9% · debt/equity 0.07×

100% evidence

12.3/20Valuation

P/E 30.8× · PEG 0.38

85% evidence

5.0/20Relative strength

RS sector -8.6% · RS bench 21.1% · 1Y -4.7%

100% evidence

2. International Gemological Institute Limited · IGIL

59.0/100 · Mixed-positive evidence · 73% evidence

Exact sum: 22.6 + 22.2 + 10 + 4.2 = 59

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.6/35Growth & earnings

Revenue 21.7% · PAT 24.2% · OPM change 2 pp

95% evidence

22.2/25Capital efficiency

ROCE 68% · debt/equity 0.1×

80% evidence

10.0/20Valuation

P/E 24× · PEG —

0% evidence

4.2/20Relative strength

RS sector -4.6% · RS bench 0.1% · 1Y -11.2%

100% evidence

3. Renaissance Global Ltd · RGL

54.0/100 · Mixed-positive evidence · 74% evidence

Exact sum: 25 + 9.9 + 9.3 + 9.8 = 54

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

25.0/35Growth & earnings

Revenue 35.1% · PAT 23.3% · OPM change 0 pp

83% evidence

9.9/25Capital efficiency

ROCE 8% · debt/equity 0.42×

95% evidence

9.3/20Valuation

P/E 12.7× · PEG —

35% evidence

9.8/20Relative strength

RS sector -2.3% · RS bench 3.7% · 1Y 0.7%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Renaissance Global Ltd has the highest Revenue among the 3 Lab Grown Diamonds companies compared here, at ₹2,812 crore. International Gemological Institute Limited is next at ₹1,364 crore. The same company also holds the highest Revenue growth, at 35.1%. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Renaissance Global Ltd is the scale leader at ₹2,812 crore, 106.2% ahead of International Gemological Institute Limited. Renaissance Global Ltd's growth is 35.1% from a ₹2,812 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderRenaissance Global Ltd · ₹2,812 crore
Gap106.2% versus #2 · International Gemological Institute Limited
Persistence5/8 recent comparable periods
Coverage3/3 companies · 45 observations

Investor read: Renaissance Global Ltd is the scale benchmark; Renaissance Global Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Renaissance Global Ltd's growth falls below Renaissance Global Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Renaissance Global Ltd RGL⚠ unverified₹2.8K Cr
2International Gemological Institute Limited IGIL₹1.4K Cr
3Goldiam International Ltd GOLDIAM₹978 Cr
Revenue growthfastest growers
1Renaissance Global Ltd RGL⚠ unverified35%
2Goldiam International Ltd GOLDIAM25%
3International Gemological Institute Limited IGIL22%
Revenue · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Renaissance Global Ltd RGL⚠ unverified₹773 Cr50%Mar 2026
International Gemological Institute Limited IGIL₹371 Cr23%Jun 2026
Goldiam International Ltd GOLDIAM₹235 Cr18%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Goldiam International Ltd · GOLDIAM

₹175 Cr
₹218 Cr
₹156 Cr
₹135 Cr
₹85 Cr
₹178 Cr
₹135 Cr
₹120 Cr
₹133 Cr
₹202 Cr
₹148 Cr
₹166 Cr
₹137 Cr
₹280 Cr
₹199 Cr
₹230 Cr
₹193 Cr
₹320 Cr
₹235 Cr

International Gemological Institute Limited · IGIL

₹250 Cr
₹278 Cr
₹260 Cr
₹250 Cr
₹265 Cr
₹305 Cr
₹301 Cr
₹304 Cr
₹320 Cr
₹369 Cr
₹371 Cr

Renaissance Global Ltd · RGL⚠ unverified

₹440 Cr
₹724 Cr
₹499 Cr
₹473 Cr
₹442 Cr
₹655 Cr
₹537 Cr
₹445 Cr
₹412 Cr
₹710 Cr
₹514 Cr
₹530 Cr
₹546 Cr
₹963 Cr
₹773 Cr

Revenue growth · reported quarter history

Goldiam International Ltd · GOLDIAM

-13%
-51%
-18%
-13%
-11%
56%
13%
9.6%
38%
3.0%
39%
34%
39%
41%
14%
18%

International Gemological Institute Limited · IGIL

6.0%
9.7%
16%
22%
21%
21%
23%

Renaissance Global Ltd · RGL⚠ unverified

0.5%
-9.5%
7.6%
-5.9%
-6.8%
8.4%
-4.3%
19%
33%
36%
50%
02 · compare level, then change

Operating Economics & Margin Trend

International Gemological Institute Limited has the highest OPM among the 3 Lab Grown Diamonds companies compared here, at 60%. Goldiam International Ltd is next at 21%. The same company also holds the highest Margin change, at +2 percentage points. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: International Gemological Institute Limited leads both opm at 60% and margin change at +2 percentage points.

LeaderInternational Gemological Institute Limited · 60%
Gap185.7% versus #2 · Goldiam International Ltd
Persistence5/7 recent comparable periods
Coverage3/3 companies · 49 observations

Investor read: International Gemological Institute Limited sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1International Gemological Institute Limited IGIL60%
2Goldiam International Ltd GOLDIAM21%
3Renaissance Global Ltd RGL⚠ unverified7.0%
Margin changefastest expanders
1International Gemological Institute Limited IGIL+2.0 pp
2Goldiam International Ltd GOLDIAM+1.0 pp
3Renaissance Global Ltd RGL⚠ unverified0.0 pp
Operating margin · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
International Gemological Institute Limited IGIL60%+2.0 ppJun 2026
Goldiam International Ltd GOLDIAM21%+1.0 ppMar 2026
Renaissance Global Ltd RGL⚠ unverified7.0%0.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Goldiam International Ltd · GOLDIAM

13%
23%
18%
19%
27%
18%
17%
19%
21%
20%
16%
18%
22%
22%
20%
18%
20%
24%
21%

International Gemological Institute Limited · IGIL

51%
62%
49%
59%
57%
64%
58%
58%
60%
64%
60%

Renaissance Global Ltd · RGL⚠ unverified

11%
8.7%
5.6%
7.1%
8.0%
7.0%
7.0%
7.0%
7.0%
8.0%
8.0%
8.0%
8.0%
7.0%
7.0%
7.0%
7.0%
6.0%
7.0%

Margin change · reported quarter history

Goldiam International Ltd · GOLDIAM

−3.4 pp
−1.5 pp
+1.8 pp
−0.3 pp
+13.4 pp
−5.5 pp
−1.1 pp
−0.2 pp
−5.5 pp
+2.0 pp
−1.0 pp
−1.0 pp
+1.0 pp
+2.0 pp
+4.0 pp
0.0 pp
−2.0 pp
+2.0 pp
+1.0 pp

International Gemological Institute Limited · IGIL

+6.0 pp
+2.0 pp
+9.0 pp
−1.0 pp
+3.0 pp
0.0 pp
+2.0 pp

Renaissance Global Ltd · RGL⚠ unverified

+5.1 pp
+2.4 pp
+0.0 pp
−0.6 pp
−3.1 pp
−1.7 pp
+1.4 pp
−0.1 pp
−1.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
−1.0 pp
−1.0 pp
−1.0 pp
−1.0 pp
−1.0 pp
0.0 pp
03 · compare level, then change

Profit Scale & Acceleration

International Gemological Institute Limited has the highest Net profit among the 3 Lab Grown Diamonds companies compared here, at ₹611 crore. Goldiam International Ltd is next at ₹170 crore. Goldiam International Ltd has the highest Profit growth at 45.3%, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: International Gemological Institute Limited leads with ₹611 crore of TTM profit, 259.4% above Goldiam International Ltd. Goldiam International Ltd shows 45.3% growth from a ₹170 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderInternational Gemological Institute Limited · ₹611 crore
Gap259.4% versus #2 · Goldiam International Ltd
Persistence7/7 recent comparable periods
Coverage3/3 companies · 45 observations

Investor read: International Gemological Institute Limited sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1International Gemological Institute Limited IGIL₹611 Cr
2Goldiam International Ltd GOLDIAM₹170 Cr
3Renaissance Global Ltd RGL⚠ unverified₹90 Cr
Profit growthfastest growers
1Goldiam International Ltd GOLDIAM45%
2International Gemological Institute Limited IGIL24%
3Renaissance Global Ltd RGL⚠ unverified23%
Net profit · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
International Gemological Institute Limited IGIL₹166 Cr31%Jun 2026
Goldiam International Ltd GOLDIAM₹37 Cr61%Mar 2026
Renaissance Global Ltd RGL⚠ unverified₹30 Cr30%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Goldiam International Ltd · GOLDIAM

₹20 Cr
₹40 Cr
₹23 Cr
₹21 Cr
₹19 Cr
₹29 Cr
₹16 Cr
₹17 Cr
₹23 Cr
₹32 Cr
₹18 Cr
₹22 Cr
₹22 Cr
₹50 Cr
₹23 Cr
₹34 Cr
₹31 Cr
₹68 Cr
₹37 Cr

International Gemological Institute Limited · IGIL

₹78 Cr
₹126 Cr
₹78 Cr
₹110 Cr
₹114 Cr
₹141 Cr
₹127 Cr
₹130 Cr
₹135 Cr
₹180 Cr
₹166 Cr

Renaissance Global Ltd · RGL⚠ unverified

₹16 Cr
₹28 Cr
₹20 Cr
₹14 Cr
₹10 Cr
₹28 Cr
₹21 Cr
₹15 Cr
₹11 Cr
₹24 Cr
₹23 Cr
₹7 Cr
₹20 Cr
₹33 Cr
₹30 Cr

Profit growth · reported quarter history

Goldiam International Ltd · GOLDIAM

-13%
-5.0%
-28%
-30%
-19%
21%
10%
13%
29%
-4.4%
56%
28%
55%
41%
36%
61%

International Gemological Institute Limited · IGIL

46%
12%
63%
18%
18%
28%
31%

Renaissance Global Ltd · RGL⚠ unverified

-38%
0.0%
5.0%
7.1%
10%
-14%
9.5%
-53%
82%
38%
30%
04 · not available

Capacity Spending & Returns On It

No company in this Lab Grown Diamonds comparison reports capital expenditure on a comparable basis, so there is nothing to rank here — 0 of 3 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Jun 2026.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

Withheld from this comparison: International Gemological Institute Limited (IGIL) — its two data sources disagree by up to 77% on reported income across 10 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Goldiam International Ltd has the lowest Gross debt among the 3 Lab Grown Diamonds companies compared here, at ₹77 crore. International Gemological Institute Limited is next at ₹143 crore. The same company also holds the lowest Net debt, at ₹402 crore net cash. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Goldiam International Ltd has the clearest covered balance-sheet capacity with ₹402 crore net cash and gross debt of ₹77 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderGoldiam International Ltd · ₹77 crore
Gap46.2% versus #2 · International Gemological Institute Limited
Persistence8/8 recent comparable periods
Coverage3/3 companies · 43 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Goldiam International Ltd GOLDIAM₹77 Cr
2International Gemological Institute Limited IGIL₹143 Cr
3Renaissance Global Ltd RGL⚠ unverified₹641 Cr
Net debtlowest net debt
1Goldiam International Ltd GOLDIAM₹-402 Cr
2Renaissance Global Ltd RGL⚠ unverified₹438 Cr
Debt and balance-sheet capacity · company comparison
3/3 level · 2/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Renaissance Global Ltd RGL⚠ unverified₹641 Cr₹438 CrMar 2026
International Gemological Institute Limited IGIL₹143 CrJun 2026
Goldiam International Ltd GOLDIAM₹77 Cr₹-402 CrMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Goldiam International Ltd · GOLDIAM

₹58 Cr
₹58 Cr
₹4 Cr
₹4 Cr
₹11 Cr
₹11 Cr
₹3 Cr
₹3 Cr
₹3 Cr
₹3 Cr
₹5 Cr
₹5 Cr
₹5 Cr
₹5 Cr
₹27 Cr
₹27 Cr
₹24 Cr
₹24 Cr
₹77 Cr

International Gemological Institute Limited · IGIL

₹27 Cr
₹31 Cr
₹145 Cr
₹132 Cr
₹143 Cr

Renaissance Global Ltd · RGL⚠ unverified

₹698 Cr
₹595 Cr
₹706 Cr
₹776 Cr
₹795 Cr
₹728 Cr
₹611 Cr
₹612 Cr
₹665 Cr
₹665 Cr
₹655 Cr
₹655 Cr
₹717 Cr
₹717 Cr
₹661 Cr
₹661 Cr
₹713 Cr
₹712 Cr
₹641 Cr

Net debt · reported quarter history

Goldiam International Ltd · GOLDIAM

₹-155 Cr
₹-155 Cr
₹-200 Cr
₹-201 Cr
₹-142 Cr
₹-142 Cr
₹-234 Cr
₹-235 Cr
₹-259 Cr
₹-259 Cr
₹-302 Cr
₹-302 Cr
₹-266 Cr
₹-266 Cr
₹-256 Cr
₹-256 Cr
₹-430 Cr
₹-430 Cr
₹-402 Cr

Renaissance Global Ltd · RGL⚠ unverified

₹495 Cr
₹309 Cr
₹518 Cr
₹518 Cr
₹608 Cr
₹502 Cr
₹373 Cr
₹373 Cr
₹461 Cr
₹461 Cr
₹468 Cr
₹467 Cr
₹473 Cr
₹473 Cr
₹436 Cr
₹419 Cr
₹496 Cr
₹496 Cr
₹438 Cr
06 · compare level, then change

Return On Capital Employed

International Gemological Institute Limited has the highest ROCE among the 3 Lab Grown Diamonds companies compared here, at 68%. Goldiam International Ltd is next at 23.9%. Renaissance Global Ltd has the highest ROCE change at +2.2 percentage points, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: International Gemological Institute Limited leads ROCE at 68%, 44.1 percentage points above Goldiam International Ltd. Renaissance Global Ltd has the strongest latest improvement at +2.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderInternational Gemological Institute Limited · 68%
Gap184.5% versus #2 · Goldiam International Ltd
PersistenceNot enough history
Coverage3/3 companies · 33 observations

Investor read: International Gemological Institute Limited sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1International Gemological Institute Limited IGIL68%
2Goldiam International Ltd GOLDIAM24%
3Renaissance Global Ltd RGL⚠ unverified8.0%
ROCE changefastest improvers
1Renaissance Global Ltd RGL⚠ unverified+2.2 pp
2Goldiam International Ltd GOLDIAM−4.1 pp
3International Gemological Institute Limited IGIL−14.0 pp
Return on capital · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

Withheld from this chart: International Gemological Institute Limited (IGIL) — its two data sources disagree by up to 77% on reported income across 10 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Goldiam International Ltd GOLDIAM16%−4.1 ppMar 2026
Renaissance Global Ltd RGL⚠ unverified11%+2.2 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Goldiam International Ltd · GOLDIAM

24%
27%
23%
16%
17%
20%
17%
21%
18%
25%
21%
26%
17%
26%
16%

Renaissance Global Ltd · RGL⚠ unverified

12%
13%
13%
13%
12%
13%
11%
13%
11%
11%
11%
10%
11%
8.9%
8.7%
9.6%
9.5%
11%

ROCE change · reported quarter history

Goldiam International Ltd · GOLDIAM

−0.9 pp
−10.8 pp
−5.9 pp
+1.0 pp
+1.3 pp
+4.9 pp
+3.1 pp
+5.0 pp
−1.3 pp
+0.4 pp
−4.1 pp

Renaissance Global Ltd · RGL⚠ unverified

+0.9 pp
−0.7 pp
+0.5 pp
−0.4 pp
−1.3 pp
−2.9 pp
−0.3 pp
−2.6 pp
+0.3 pp
−1.6 pp
−2.3 pp
−0.4 pp
−1.5 pp
+2.2 pp
07 · compare level, then change

Valuation Against Growth & Quality

Goldiam International Ltd has the lowest Guarded PEG among the 3 Lab Grown Diamonds companies compared here, at 0.38×. Renaissance Global Ltd has the lowest P/E at 12.7×, so level and change sit with different companies. 1 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Goldiam International Ltd has the lowest comparable Guarded PEG at 0.38×. Only 1 of 3 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderGoldiam International Ltd · 0.38×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/3 companies · 11 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Goldiam International Ltd GOLDIAM0.4
P/Elowest P/E
1Renaissance Global Ltd RGL⚠ unverified12.7
2International Gemological Institute Limited IGIL24.0
3Goldiam International Ltd GOLDIAM30.8
Valuation · company comparison
1/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Goldiam International Ltd GOLDIAM0.420.0Mar 2026
International Gemological Institute Limited IGIL27.2Jun 2026
Renaissance Global Ltd RGL⚠ unverified11.9Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Goldiam International Ltd · GOLDIAM

0.3
1.5
1.3
2.0
1.9
3.7
1.2
1.1
0.9
0.6
0.4

P/E · reported quarter history

Goldiam International Ltd · GOLDIAM

28.3
22.8
18.9
13.9
13.2
14.4
15.4
16.8
17.1
21.7
20.6
19.0
40.9
44.5
35.9
31.5
30.5
28.3
20.0

International Gemological Institute Limited · IGIL

35.1
30.0
28.3
26.0
27.2

Renaissance Global Ltd · RGL⚠ unverified

16.9
19.8
15.4
10.3
10.1
9.8
8.9
12.0
12.8
13.5
13.0
13.4
15.8
22.9
16.0
16.4
16.0
17.3
11.9
08 · compare level, then change

Enterprise Value & Book Value

Renaissance Global Ltd has the lowest EV/EBITDA among the 3 Lab Grown Diamonds companies compared here, at 9.1×. Goldiam International Ltd is next at 12.4×. The same company also holds the lowest P/BV, at 0.84×. 3 of 3 companies report a comparable reading, the latest through Mar 2026. Its EV/EBITDA series carries 19 reported observations across the 20-quarter window.

What the numbers say: Renaissance Global Ltd leads both ev/ebitda at 9.1× and p/bv at 0.84×.

LeaderRenaissance Global Ltd · 9.1×
Gap26.6% versus #2 · Goldiam International Ltd
Persistence0/8 recent comparable periods
Coverage3/3 companies · 45 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Renaissance Global Ltd RGL⚠ unverified9.1
2Goldiam International Ltd GOLDIAM12.4
3International Gemological Institute Limited IGIL18.5
P/BVlowest P/BV
1Renaissance Global Ltd RGL⚠ unverified0.8
2Goldiam International Ltd GOLDIAM4.8
3International Gemological Institute Limited IGIL9.8
Enterprise and book valuation · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
International Gemological Institute Limited IGIL18.510.4Jun 2026
Goldiam International Ltd GOLDIAM12.43.1Mar 2026
Renaissance Global Ltd RGL⚠ unverified9.10.8Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Goldiam International Ltd · GOLDIAM

17.4
14.2
12.1
8.9
8.6
9.4
9.7
10.7
10.6
14.5
14.1
12.5
27.2
28.7
23.0
19.4
20.5
18.1
12.4

International Gemological Institute Limited · IGIL

54.4
25.9
24.3
21.1
19.5
17.2
18.5

Renaissance Global Ltd · RGL⚠ unverified

10.6
13.8
11.0
7.1
8.6
8.5
7.8
9.3
9.0
10.0
9.6
8.6
10.2
14.4
11.1
10.7
10.0
11.2
9.1

P/BV · reported quarter history

Goldiam International Ltd · GOLDIAM

4.4
3.6
3.4
3.2
2.4
2.6
2.7
2.7
2.4
3.1
3.1
3.0
6.2
6.3
6.0
5.8
5.3
4.0
3.1

International Gemological Institute Limited · IGIL

15.7
15.2
12.1
11.7
9.8
10.4

Renaissance Global Ltd · RGL⚠ unverified

1.7
2.0
1.7
1.3
1.1
1.0
0.8
1.1
1.0
0.9
0.9
0.9
1.0
1.4
1.0
1.0
0.9
0.9
0.8
09 · let price answer last

Market action

Renaissance Global Ltd has the strongest one-year price move in Lab Grown Diamonds at +0.7%. Goldiam International Ltd leads on Mansfield relative strength against NIFTY at +21.1%. 3 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Lab Grown Diamonds comparison names 7 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
  • 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 3 companies in the canonical Lab Grown Diamonds membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentalsSource standing
International Gemological Institute Limited IGIL19/26 WEEKS₹14.6K Cr₹3382026-07-19Jun 2026Second feed withheld
Goldiam International Ltd GOLDIAMAHEAD18/26 WEEKS₹5.3K Cr₹3502026-07-19Mar 2026Cross-checked
Renaissance Global Ltd RGLAHEAD⚠ unverified₹1.3K Cr₹1182026-07-19Mar 2026Includes unverified figures
How each company's sources stand: 1 of 3 companies draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear. 1 of 3 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: International Gemological Institute Limited (IGIL) — its two data sources disagree by up to 77% on reported income across 10 comparable periods, so its derived ratios are withheld.
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 3 Lab Grown Diamonds companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing1 cross-checked · 1 unverified · 1 withheld, of 3 graded companies.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Questions investors ask · short, speakable answers

Lab Grown Diamonds company comparison FAQs

These 17 answers restate the Lab Grown Diamonds comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty Lab Grown Diamonds index?

The Nifty Lab Grown Diamonds index tracks India's listed Lab Grown Diamonds companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Lab Grown Diamonds sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Lab Grown Diamonds stocks in India?

Ranked by this page's four-factor score, Goldiam International Ltd places first among 3 listed Lab Grown Diamonds companies, followed by International Gemological Institute Limited. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Lab Grown Diamonds stocks are listed in India?

This comparison covers 3 listed Lab Grown Diamonds companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Lab Grown Diamonds company is the biggest?

Renaissance Global Ltd is the largest, with trailing-twelve-month revenue of ₹2,812 crore, ahead of International Gemological Institute Limited at ₹1,364 crore. That covers 3 of 3 companies with comparable reporting through Mar 2026.

Which Lab Grown Diamonds company is growing fastest?

Renaissance Global Ltd has the fastest revenue growth at 35.1% year on year, across 3 of 3 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Lab Grown Diamonds company has the best profit margins?

International Gemological Institute Limited has the highest operating margin at 60%, from 3 of 3 comparable companies. International Gemological Institute Limited shows the biggest recent improvement, at +2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Lab Grown Diamonds company makes the most profit?

International Gemological Institute Limited earns the most, at ₹611 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. Goldiam International Ltd has the fastest profit growth at 45.3%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Lab Grown Diamonds company earns the highest return on capital?

International Gemological Institute Limited leads on return on capital employed at 68%, across 3 of 3 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Lab Grown Diamonds stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Goldiam International Ltd screens cheapest at 0.38×. Only 1 of 3 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Lab Grown Diamonds company has the strongest balance sheet?

Goldiam International Ltd carries the lowest comparable gross debt at ₹77 crore, from 3 of 3 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Lab Grown Diamonds stock has the strongest price momentum?

Goldiam International Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Lab Grown Diamonds company scores highest for research priority?

Goldiam International Ltd scores 60.6 out of 100 with 92.6% evidence confidence, from 22.5 points on growth and earnings, 20.8 on capital efficiency, 12.3 on valuation and 5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Lab Grown Diamonds companies does this comparison cover, and over what period?

It compares 3 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Lab Grown Diamonds sector?

The 3 Lab Grown Diamonds companies on this page carry ₹21,143 crore of combined market value. International Gemological Institute Limited is the largest at ₹14,613 crore, about 69% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

How is the Lab Grown Diamonds sector performing?

3 of the 3 covered Lab Grown Diamonds companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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