International Gemmological Institute (India) Limited (IGIL) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of International Gemmological Institute (India) Limited ₹339, price ₹312, upside +8.6%, quality 77 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch International Gemmological Institute (India) Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
21‑month range ₹288.76 – ₹607.30 · fair‑value band ₹233.50 – ₹493.72 · the ₹311.95 price screens below the ₹338.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
Follow International Gemmological Institute (India) in your weekly email
Every Wednesday you see whether International Gemmological Institute (India) is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
International Gemological Institute Limited engages in the certification and accreditation services for natural diamonds, laboratory grown diamonds, studded jewelry, and colored gemstones in India and internationally. The company offers diamond screening and sorting, and other value-added services.
Show more
International Gemological Institute Limited engages in the certification and accreditation services for natural diamonds, laboratory grown diamonds, studded jewelry, and colored gemstones in India and internationally. The company offers diamond screening and sorting, and other value-added services. It also provides education courses and programs, and professional training services through its IGI Schools of Gemology. The company was formerly known as International Gemmological Institute (India) Limited and change its name to International Gemological Institute Limited in April 2026. The company was founded in 1975 and is based in Mumbai, India. International Gemological Institute Limited operates as a subsidiary of BCP Asia II TopCo Pte. Ltd.
Stock analysis
International Gemmological Institute (India) Limited (IGIL) currently trades at ₹311.95, while our model-based Fair Value estimate is ₹338.90, so the stock looks roughly fairly valued today (gap 8.0%).
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹387.31 per share, and 7 of the 26 models we run sit above the ₹311.95 price.
Bear case: the Dividend Discount group reads lowest at ₹63.18, and 19 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹233.50 (bear) to ₹493.72 (bull), the price of ₹311.95 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 77/100 (high quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
International Gemmological Institute (India) Limited reported revenue of ₹12.3B in FY2025 versus ₹3.6B in FY2021, a compound +35.5%/yr. Reported net income was ₹5.3B in FY2025, compounding +32.7%/yr from FY2021.
Key figures
Market cap ₹139B (≈ $1.4B) · P/E ratio 26.3 · P/S ratio 11.4 · EPS (TTM) ₹11.84 · Dividend yield 1.6% · Net margin 43.3% · Return on equity 43.0% · Return on assets (EBIT) 54.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at 9%, IGIL screens cheaper than that median.
Fair Value models
Bear ₹233.50Fair Value ₹338.90Bull ₹493.72
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (₹8.95 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+16.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+36.4%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+36.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+34.9%
Dividend (yield on the price)1.6%
Profit margin 2021 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.63% → 57%
2025 sits 55% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+27.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+11.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +22.2% a year for the price and +7.1% for the forecasts.
Compare International Gemmological Institute (India) Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Precious Metals & Mining · 88 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score77 · Top 25%
Fair Value upside+8.6% · Top 25%
Profitability
Return on equity (TTM)43.0% · Top 25%
Return on assets26.6% · Top 25%
Net margin (TTM)44.7% · Top 25%
Operating margin (TTM)56.6% · Top 25%
Growth and dividend
Revenue growth23.2% · Above median
Dividend yield (TTM)1.6% · Below median
Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "International Gemmological Institute (India) Limited Fair Value". https://www.fairvalue-calculator.com/stock/IGIL
Frequently asked questions
Is International Gemmological Institute (India) Limited (IGIL) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹338.90 versus a price of ₹311.95, about +9% upside (fairly valued).
What is the fair value of IGIL?
Our model-based fair value for International Gemmological Institute (India) Limited is ₹338.90 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹311.95.
What is the quality score of IGIL?
International Gemmological Institute (India) Limited has a Quality Score of 77/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for International Gemmological Institute (India) Limited (IGIL)?
Our model-based price target is the fair value of ₹338.90 (as of Oct 1, 2026) from 26 valuation models. Cautious scenario ₹233.50, optimistic scenario ₹493.72. It is a calculation from audited fundamentals, not an analyst target.
What is the International Gemmological Institute (India) Limited stock forecast for 2026?
Our models put fair value at ₹338.90, about +9% upside versus a price of ₹311.95 (fairly valued). Cautious scenario ₹233.50, optimistic scenario ₹493.72. The calculation is refreshed regularly with new filings.
What is the revenue of International Gemmological Institute (India) Limited (IGIL)?
International Gemmological Institute (India) Limited reported trailing-twelve-month revenue of about ₹13.6B (latest available figure, as of Oct 1, 2026).
Does International Gemmological Institute (India) Limited pay a dividend?
International Gemmological Institute (India) Limited currently shows a dividend yield of about 1.57% relative to its recent price (as of Oct 1, 2026).
What growth is priced into International Gemmological Institute (India) Limited (IGIL)?
For today's price to be fair in a discounted-cash-flow model, International Gemmological Institute (India) Limited would have to grow free cash flow by +27.3 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +35.5 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of IGIL use?
Our models discount International Gemmological Institute (India) Limited at 13.9 %: a base by market capitalisation (small), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For International Gemmological Institute (India) Limited that is +27.3 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has International Gemmological Institute (India) Limited (IGIL) delivered so far?
Over the past 4 years revenue at International Gemmological Institute (India) Limited grew +35.5 % a year. The price currently implies +27.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of International Gemmological Institute (India) Limited (IGIL) growing?
The median revenue growth in the sector is +15.9 % a year. That is the yardstick for the growth priced into International Gemmological Institute (India) Limited (+27.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of International Gemmological Institute (India) Limited (IGIL)?
The free-cash-flow yield on the price is 3.15 %: that much free cash flow International Gemmological Institute (India) Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of International Gemmological Institute (India) Limited (IGIL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For International Gemmological Institute (India) Limited it is ₹338.90 per share (as of Oct 1, 2026), against a price of ₹311.95. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is International Gemmological Institute (India) Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, IGIL trades below its calculated fair value: price ₹311.95, fair value ₹338.90, a gap of about +9% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IGIL?
No. The price is what the market pays today (₹311.95); the fair value is what the company's own numbers justify (₹338.90). For International Gemmological Institute (India) Limited the two are ₹26.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is International Gemmological Institute (India) Limited worth?
The market values International Gemmological Institute (India) Limited at about ₹139B (market capitalisation, as of Oct 1, 2026). Per share that is ₹311.95; our models calculate a fair value of ₹338.90 per share.
What do the bullish and bearish scenarios say about IGIL?
Our models span a range for International Gemmological Institute (India) Limited: cautious scenario ₹233.50, base ₹338.90, optimistic ₹493.72 per share (as of Oct 1, 2026, price ₹311.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IGIL?
International Gemmological Institute (India) Limited trades at a price-to-earnings ratio of 26.3 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹338.90 is built from several models across several years. Other multiples: P/B 9.9, P/S 10.2, EV/EBITDA 17.4.
How solid is the balance sheet of International Gemmological Institute (India) Limited (IGIL)?
Balance-sheet figures for International Gemmological Institute (India) Limited (as of Oct 1, 2026): return on equity 43.0%. They feed the Quality Score of 77/100, which measures business quality independently of the share price.
How far is IGIL from its 52-week high?
International Gemmological Institute (India) Limited trades at ₹311.95, about 18% below its 52-week high of ₹381.25 and 8% above the low of ₹288.76 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹338.90 is for.
Which stocks are comparable to International Gemmological Institute (India) Limited?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, Compañía de Minas Buenaventura S.A., Sibanye Stillwater Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is International Gemmological Institute (India) Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹311.95, calculated fair value ₹338.90 (+9%), Quality Score 77/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IGIL calculated?
We run International Gemmological Institute (India) Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹338.90, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. International Gemmological Institute (India) Limited currently trades 8 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of International Gemmological Institute (India) Limited (IGIL)?
The closing price on Oct 1, 2026 was ₹311.95. Our model-based fair value is ₹338.90, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with International Gemmological Institute (India) Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (₹233.50 to ₹493.72) leaves room in how you read the outcome.
Key figures of International Gemmological Institute (India) Limited
How large is the market capitalisation of International Gemmological Institute (India) Limited (IGIL)?
The market capitalisation of International Gemmological Institute (India) Limited is ₹139B (≈ $1.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of International Gemmological Institute (India) Limited (IGIL)?
The price-to-sales ratio of International Gemmological Institute (India) Limited is 11.4 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of International Gemmological Institute (India) Limited (IGIL)?
Earnings per share at International Gemmological Institute (India) Limited are ₹11.84 (price ÷ EPS = P/E 26.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of International Gemmological Institute (India) Limited (IGIL)?
The dividend yield of International Gemmological Institute (India) Limited is 1.6% (payout 41.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of International Gemmological Institute (India) Limited (IGIL)?
The net margin of International Gemmological Institute (India) Limited is 43.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of International Gemmological Institute (India) Limited (IGIL)?
The return on equity (ROE) of International Gemmological Institute (India) Limited is 43.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of International Gemmological Institute (India) Limited (IGIL)?
On an EBIT basis the return on assets of International Gemmological Institute (India) Limited is 54.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of International Gemmological Institute (India) Limited (IGIL)?
The operating margin of International Gemmological Institute (India) Limited is 56.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at International Gemmological Institute (India) Limited (IGIL)?
Revenue at International Gemmological Institute (India) Limited is growing +23.2% versus a year earlier (3y avg +36.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at International Gemmological Institute (India) Limited (IGIL)?
Earnings per share at International Gemmological Institute (India) Limited are growing +32.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does International Gemmological Institute (India) Limited (IGIL) carry?
The net debt of International Gemmological Institute (India) Limited is ₹442M (fiscal year 2025, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch International Gemmological Institute (India) Limited in the live analysis
One click puts International Gemmological Institute (India) Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
