International Gemological Institute Limited (IGIL) — share price & stock analysis

Market cap

₹15,478 Cr

P/E

27.1×

ROE

43.0%

vs own history (since 2025)

17th pctile

Book value / share

₹34.4

EPS (TTM)

₹13.2

10-yr median P/E

28.3×

Revenue (FY25)

₹1,229 Cr

Profit after tax (FY25)

₹532 Cr

Weinstein stage

Stage 2 (4 weeks)

Data as of

1 July 2026

4 of the 6 things we track are currently moving the right way — nearly everything is pulling in the same direction.

Where the levels actually stand: ROCE 54% — a high-quality engine; effectively no debt. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double, and a quarter of the score comes from our earnings-recovery lens (is the profit cycle turning up off its trough?).

Price and profits are moving together

Since Apr 2025, the stock is up 1% and earnings per share are up 24% — the price has tracked the profits, not run ahead of them.pricettm_eps

The market is paying for delivery, not promises. What you see in earnings is what you get in the price.

Today’s P/E of 27.1× sits near the bottom of its own range — it has been cheaper than this only 17% of the time against its own history since 2025.pe_ratio

A caveat on every valuation comparison here: the stock has only traded since 2025, and in that time its P/E has ranged 25–38× — it has never been cheap. “Middle of its range” means the middle of an expensive range.pe_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (28.3×).

The price is in a confirmed uptrend — 4 weeks and counting

Stock prices move through four repeating stages: basing (1), advancing (2), topping (3) and declining (4). This one is in Stage 2: advancing, 4 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹350 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 12 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Profits have grown in 3 of the last 3 years — compounding so far, on a short record

Over 3 years, sales went from ₹491 Cr to ₹1,229 Cr (about 36% a year), and profit from ₹242 Cr to ₹532 Cr.revenuenet_profit

Margins gave up 8.2 points along the way — growth bought at a price.operating_profit

Sales jumped 21% last quarter — the 6th straight quarter of growth

Mar 26 sales were ₹369 Cr, up 21% on the same quarter last year.revenue

That makes 6 quarters of growth in a row — this is a trend, not a blip.revenue

Margins have been rebuilt — 57.0% in FY24 to 60.0% now

Of every ₹100 of sales, the company keeps ₹64.0 as operating profit (a year ago it kept ₹64.2).opm_pct

Zoom out and this is the page's quiet hero: annual operating margin bottomed at 57.0% in FY24 and has been rebuilt to 60.0% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit

Profit jumped 28% — mostly from selling more

Mar 26 profit after tax was ₹180 Cr, up 28% year on year.net_profit

The profits are real — they turn into cash

Over the last 4 profitable years, the business reported ₹1,526 Cr of profit and collected ₹1,392 Cr of operating cash — about 91% conversion.operating_cash_flownet_profit

When cash tracks profit this closely, the earnings need no asterisk.

The cash cycle is stretching — more money stuck in the pipeline

One rupee now takes about 70 days to go out the door as materials and come back as collected cash — up from 57 days the year before.cash_conversion_cycle

The biggest mover: customers taking longer to pay (57 → 70 days).debtor_days

The asset base keeps compounding — this company builds

The productive asset base has gone from ₹110 Cr (FY22) to ₹410 Cr, with another ₹59.0 Cr of capacity under construction right now.fixed_assetscwip

The build is bigger than the cash engine: investing outflows (₹2,026 Cr) exceeded operating cash (₹1,198 Cr) over the last 3 years — the difference comes from debt or shareholders.investing_cash_flowoperating_cash_flow

Debt is small — but no longer zero, and growing

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹10 — total borrowings have grown from ₹27.0 Cr to ₹143 Cr over the window.borrowings

The equity base grew even faster, so the ratio stays comfortable — but a 5× rise in absolute borrowings deserves a name (acquisitions, capex), not a shrug. Watch whether it keeps compounding.borrowings

The owners aren’t moving

Promoters hold 76.5%, essentially unchanged. Foreign funds own 8.6%, domestic funds 6.4%.promoters_pctfiis_pctdiis_pct

Worth studying deeper — with eyes open

The numbers lean positive, and the price is roughly fair to the delivery so far.

Best thing in the data: free cash flow rising (₹−1,241 Cr → ₹195 Cr).operating_cash_flow

Biggest worry: returns on capital falling (68.0% → 54.0%).roce_pct

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data