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India
As of 18 Sept 2026, 03:30 pm
On September 7, 2026, International Gemological Institute FZCO completed the consolidation of control over International Gemological Institute (Botswana) Proprietary Limited, making it a wholly owned subsidiary. This followed an earlier intimation on August 31, 2026, where the company acquired a 1% controlling stake through its step-down subsidiary. The target entity, a diamond grading and certification laboratory in Botswana, had zero turnover, profit after tax, and net worth as of the acquisition date, and no consideration was disclosed as it had not yet commenced business operations.
Yes, on August 18, 2026, the Board of Directors declared a First Interim Dividend for FY 2026-27 of ₹2.55 per equity share. The record date for determining entitlement was August 24, 2026, with payment scheduled on or before September 17, 2026.
As of September 18, 2026, the daily trend for International Gemological Institute Limited is indicated as bearish, with the Supertrend indicator at 340.19. The closing price was ₹330.95, below the 20-day Exponential Moving Average (EMA) of 326.15 and the 50-day EMA of 336.37. The monthly trend is also bearish, with the Supertrend at 511.06 and the closing price below both the 20-day and 50-day SMAs.
As of September 18, 2026, International Gemological Institute Limited has shown mixed returns across different periods. The stock has seen a return of 5% in the last day and 2% over the last 10 days. However, it has experienced negative returns over longer periods, including -5% in the last month, -7% in the last 3 months, and -13% in the last year. Since its inception, the stock has a cumulative return of -44%.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Downward price movement of 2.55 standard deviations recorded on 2026-09-02.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹37.08 crore | PEAK₹368.56 crore | ₹319.67 crore | ₹303.74 crore | ₹300.91 crore |
| Profit Before Tax | ₹22.28 crore | PEAK₹238.54 crore | ₹188.24 crore | ₹175.49 crore | ₹174.97 crore |
| Basic Earnings Loss Per Share From Continuing Operations | ₹3.84 per share | PEAK₹4.16 per share | ₹3.11 per share | ₹3 per share | ₹2.92 per share |
| Profit Loss For Period | ₹16.57 crore | PEAK₹179.60 crore | ₹134.55 crore | ₹129.79 crore | ₹126.53 crore |
| Paid Up Value Of Equity Share Capital | ₹8.64 crore | PEAK₹86.43 crore | PEAK₹86.43 crore | PEAK₹86.43 crore | PEAK₹86.43 crore |
Consolidated revenue from operations was ₹37.08 crore, down from ₹300.91 crore in the year‑ago quarter — a decline of 88%. Sequentially, revenue fell 90% from ₹368.56 crore in the March 2026 quarter. The company’s top line contracted to a fraction of its prior levels.
Basic earnings per share rose to ₹3.84 from ₹2.92 a year ago, and diluted earnings per share increased to ₹3.71 from ₹2.81. This increase occurred despite the sharp fall in net profit because the number of shares outstanding decreased substantially. Paid‑up equity share capital declined from ₹86.43 crore in the year‑ago quarter to ₹8.64 crore in the current quarter, indicating a significant reduction in the share count.
International Gemological Institute’s June 2026 quarter saw a dramatic contraction in revenue and profit, with the top line shrinking to roughly one‑eighth of its year‑ago level. Profit margins, however, widened, and earnings per share rose as a result of a much lower share count. The results reflect a materially smaller scale of operations compared with the prior year.
Exchange disclosures and regulatory announcements for International Gemological Institute.
On September 7, 2026, International Gemological Institute FZCO (IGI Dubai) completed the consolidation of control over International Gemological Institute (Botswana) Proprietary Limited (IGI Botswana), making it a wholly owned subsidiary. This transaction finalizes an earlier intimation dated August 31, 2026, and establishes IGI Botswana as a step-down subsidiary of International Gemological Institute Limited. The completion was formally communicated to stock exchanges on September 8, 2026, by Company Secretary Nitika Sunny Nirmal.
International Gemological Institute Limited, through its step-down subsidiary International Gemological Institute FZCO, acquired a 1% controlling stake in International Gemological Institute (Botswana) Proprietary Limited, a diamond grading and certification laboratory in Botswana, on August 31, 2026. The acquisition aims to expand the company's operational presence in Botswana, with completion expected within one week and no consideration disclosed. The target entity had zero turnover, profit after tax, and net worth as of the acquisition date.
On August 31, 2026, the Board of Directors of International Gemological Institute FZCO approved the consolidation of control over International Gemological Institute (Botswana) Proprietary Limited, a diamond grading and certification laboratory in Botswana. Upon completion subject to regulatory approvals from the Republic of Botswana, IGI Botswana will become a wholly owned subsidiary of IGI Dubai with 100% shareholding acquired, though no consideration amount is applicable as the target has not yet commenced business operations.
International Gemological Institute Limited has informed the Exchange that Board of Directors at its meeting held on August 18, 2026, declared Interim Dividend of Rs. 2.55 per equity share. |SUBJECT: Dividend
On August 18, 2026, the Board of Directors of International Gemological Institute Limited declared a First Interim Dividend for FY 2026-27 of Rs. 2.55 per equity share (face value Rs. 2 each). The record date for entitlement is August 24, 2026, with payment to shareholders on or before September 17, 2026.
International Gemological Institute Limited's board meeting on 2026-08-18 approved an interim dividend of ₹2.55 per equity share for the period ending 31-03-2027, with a record date set for 2026-08-24 and payment proposed by 2026-09-17.
At the 28th Annual General Meeting (AGM) of International Gemological Institute Limited held on August 14, 2026, shareholders approved the adoption of audited financial statements for the period ended March 31, 2026, and the re-appointment of director Tejas Naphade. The auditor's report shows 99.88% of votes were cast in favour of the financial statements, and 99.16% were in favour of Mr. Naphade's re-appointment, covering promoter, public institutional, and public non-institutional shareholders.
International Gemological Institute Limited held its 28th Annual General Meeting on August 14, 2026, via video conferencing from 11:00 am to 12:26 pm IST. The meeting transacted ordinary business including the adoption of audited financial statements for the period January 1, 2025 to March 31, 2026, and the re-appointment of Director Tejas Naphade, who retired by rotation. Mr. Bimal Tanna, Independent Director, chaired the meeting as Chairperson Anoop Mehta was unable to attend.
Comprehensive Section Breakdown for International Gemological Institute
Strategic Vision: Gemstone and diamond grading, certification, and educational services.
• Global network of gemological laboratories
• Standardized grading and certification processes for diamonds and gemstones
International Gemological Institute Limited reported a steep decline in revenue and profit for the quarter ended 30 June 2026, compared with the same period last year. Revenue from operations fell 88% to ₹37.08 crore, while net profit dropped 87% to ₹16.57 crore. Despite the sharp top‑line contraction, profit margins widened, and earnings per share rose because the number of shares outstanding fell substantially.
Profit before tax stood at ₹22.28 crore, compared with ₹174.97 crore a year earlier, a decline of 87%. Net profit for the period was ₹16.57 crore, down from ₹126.53 crore. Despite the lower absolute profits, margins improved. The profit‑before‑tax margin rose to 60.1% from 58.1%, and the net profit margin increased to 44.7% from 42.0%.
Operating profit before depreciation, finance costs, and tax — computed as revenue plus other income (₹1.58 crore) minus employee benefit expenses and other expenses — was ₹24.17 crore, representing a margin of 65.2% on revenue.
Total expenses contracted alongside the lower business activity. Other expenses fell to ₹6.22 crore from ₹57.05 crore in the year‑ago quarter. Finance costs declined to ₹0.29 crore from ₹2.45 crore. Employee benefit expenses for the current quarter were ₹8.27 crore; comparable prior‑period figures are not available. Depreciation and amortisation expense was ₹1.39 crore. Tax expense decreased to ₹5.71 crore from ₹48.44 crore, consistent with the lower pre‑tax profit.
Management highlighted a strong start to FY27 with 23% revenue and 31% PAT growth, driven by broad-based momentum across LGD loose stones, LGD jewelry, and colored gemstones. The natural diamond segment remains a key strategic pillar, with continued focus on market share gains through new customer acquisition and deeper client engagement. Investments in the US business are gaining traction, and the company has commenced operations in Italy while evaluating further geographic expansion. Parallel investments are being made in the IGI brand, teams, and AI/automation to enhance service quality and turnaround times, positioning the company for efficient scaling. (Press Release - MD & CEO Tehmasp Printer)
The company also outlined structural tailwinds: the industry is transitioning toward higher transparency and certification intensity, with LGD inflection creating multi-year visibility as rapid scale-up and retail formalization drive SKU-level certification. India is emerging as the global hub for LGD manufacturing and jewelry retail, positioning IGI at the center of volume-led growth. IGI’s dominant market share enables disproportionate capture of incremental volumes with minimal incremental cost, while its revenue mix (higher exposure to larger-carat certifications) protects against downside. Volume growth, pricing stability, and operating leverage have translated into consistent margin expansion and strong cash generation. (Investor Presentation)
Category: B2B Services
IGI issues standardized laboratory grading reports for diamonds, assessing the 4Cs, and certifies laboratory-grown diamonds. They also issue reports for colored gemstones and finished jewelry pieces.
Category: B2B Services
The company provides educational services related to gemstones and diamonds.
Core Thesis: IGI's global laboratory network supports diamond and jewelry trade participants by providing reliable grading and certification services.
• Standardized Grading Reports: IGI issues standardized laboratory grading reports for diamonds, assessing the 4Cs, which are used globally by trade buyers and retailers. • Lab-Grown Diamond Certification: The company certifies laboratory-grown diamonds and clearly distinguishes them from natural diamonds in its grading reports. • Global Laboratory Network: IGI operates gemological laboratories at multiple global locations to serve diamond and jewelry trade participants.