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.
Lab Grown Diamonds: Renaissance Global Ltd owns the largest revenue base AND the fastest current growth.
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 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.
RS ↑11w · 3/3 >200d (+1) · 2/3 lead (+1) · EPS 3/3↑
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.
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 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.
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.
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.
Goldiam International Ltd ranks first at 60.6/100 with 92.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Goldiam International Ltd has the lowest comparable gross debt at ₹77 crore. Renaissance Global Ltd has the highest at ₹641 crore.
Goldiam International Ltd has the lowest comparable Guarded PEG at 0.38, among 1 of 3 companies that pass the metric’s comparability rules.
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.
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.
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.
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.
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.
Revenue 25.1% · PAT 45.3% · OPM change 1 pp
88% evidence
ROCE 23.9% · debt/equity 0.07×
100% evidence
P/E 30.8× · PEG 0.38
85% evidence
RS sector -8.6% · RS bench 21.1% · 1Y -4.7%
100% evidence
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.
Revenue 21.7% · PAT 24.2% · OPM change 2 pp
95% evidence
ROCE 68% · debt/equity 0.1×
80% evidence
P/E 24× · PEG —
0% evidence
RS sector -4.6% · RS bench 0.1% · 1Y -11.2%
100% evidence
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.
Revenue 35.1% · PAT 23.3% · OPM change 0 pp
83% evidence
ROCE 8% · debt/equity 0.42×
95% evidence
P/E 12.7× · PEG —
35% evidence
RS sector -2.3% · RS bench 3.7% · 1Y 0.7%
70% evidence
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.
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.
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
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.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Renaissance Global Ltd RGL⚠ unverified | ₹773 Cr | 50% | Mar 2026 |
| International Gemological Institute Limited IGIL | ₹371 Cr | 23% | Jun 2026 |
| Goldiam International Ltd GOLDIAM | ₹235 Cr | 18% | Mar 2026 |
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.
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.
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
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.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| International Gemological Institute Limited IGIL | 60% | +2.0 pp | Jun 2026 |
| Goldiam International Ltd GOLDIAM | 21% | +1.0 pp | Mar 2026 |
| Renaissance Global Ltd RGL⚠ unverified | 7.0% | 0.0 pp | Mar 2026 |
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.
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.
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
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.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| International Gemological Institute Limited IGIL | ₹166 Cr | 31% | Jun 2026 |
| Goldiam International Ltd GOLDIAM | ₹37 Cr | 61% | Mar 2026 |
| Renaissance Global Ltd RGL⚠ unverified | ₹30 Cr | 30% | Mar 2026 |
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.
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.
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.
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.
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
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.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| Renaissance Global Ltd RGL⚠ unverified | ₹641 Cr | ₹438 Cr | Mar 2026 |
| International Gemological Institute Limited IGIL | ₹143 Cr | — | Jun 2026 |
| Goldiam International Ltd GOLDIAM | ₹77 Cr | ₹-402 Cr | Mar 2026 |
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.
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.
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.
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.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Goldiam International Ltd GOLDIAM | 16% | −4.1 pp | Mar 2026 |
| Renaissance Global Ltd RGL⚠ unverified | 11% | +2.2 pp | Mar 2026 |
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.
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.
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
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.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| Goldiam International Ltd GOLDIAM | 0.4 | 20.0 | Mar 2026 |
| International Gemological Institute Limited IGIL | — | 27.2 | Jun 2026 |
| Renaissance Global Ltd RGL⚠ unverified | — | 11.9 | Mar 2026 |
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×.
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.
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
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.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| International Gemological Institute Limited IGIL | 18.5 | 10.4 | Jun 2026 |
| Goldiam International Ltd GOLDIAM | 12.4 | 3.1 | Mar 2026 |
| Renaissance Global Ltd RGL⚠ unverified | 9.1 | 0.8 | Mar 2026 |
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.
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
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.
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.
| Company | Market value | Price | Priced to | Latest fundamentals | Source standing |
|---|---|---|---|---|---|
| International Gemological Institute Limited IGIL19/26 WEEKS | ₹14.6K Cr | ₹338 | 2026-07-19 | Jun 2026 | Second feed withheld |
| Goldiam International Ltd GOLDIAMAHEAD18/26 WEEKS | ₹5.3K Cr | ₹350 | 2026-07-19 | Mar 2026 | Cross-checked |
| Renaissance Global Ltd RGLAHEAD⚠ unverified | ₹1.3K Cr | ₹118 | 2026-07-19 | Mar 2026 | Includes unverified figures |
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.