International Gemological Institute Ltd.
Services · NSE
52-week range
₹285 – ₹435
From 52w high
-21.0%
RSI (14)
47.5
vs SMA 50 / 200
↑ 50 · ↑ 200
International Gemological Institute (India) Ltd. trades at Rs.354.25, above both its 50-DMA (Rs.337.87) and 200-DMA (Rs.339.12), with RSI at 53.53 (neutral). The company reports a 43.25% profit margin and 43% ROE, but carries a debt-to-equity ratio of 10.12 with a rising debt trend and a 5-year revenue decline of 30%, creating a material tension between profitability optics and structural leverage.
- ✓Profit margin of 43.25% and ROE of 43% rank first among available peers in the Services sector grouping (quality score 59 vs. next-best peer at 49).
- ✓Forward PE of 23.60 represents a compression from trailing PE of 29.88, suggesting current-year earnings estimates are higher than trailing reported earnings.
- ✓Stock is trading above both its 50-DMA and 200-DMA as of the run date, with a 3-month price change of +6.87%.
- ✓FCF was positive in 4 of the available historical years, and a dividend yield of 1.41% indicates some cash return to shareholders alongside the elevated leverage profile.
- ✗Debt-to-equity of 10.12 with a rising debt trend means leverage is increasing, heightening sensitivity to interest rate movements and earnings shortfalls.
- ✗5-year revenue declined 30% even as earnings grew 23.1%; this divergence raises questions about whether profitability is driven by sustainable operations or by cost reduction, asset monetisation, or non-recurring items.
- ✗ROE exceeded 15% in only 3 of the available historical years and FCF was positive in 4 — quality metrics are not consistent across the full observed window.
- ✗The stock is 18.63% below its 52-week high with a 1-year price change of only +3.6%, indicating limited capital appreciation relative to the drawdown from peak.
- ·News flow over the past 30 days is sparse (7 items, all neutral); the most identifiable company-specific item is a regulatory classification update on Large Corporate status, with remaining headlines appearing to be generic filings.
- ·The stock is classified under the NSE Services sector but the peer set covers logistics, aviation, and infrastructure companies, making direct peer comparisons to a gemological certification business limited in analytical relevance.
- ·Analyst coverage is thin at 4 analysts with no consensus rating numeric available for this run, limiting the ability to assess institutional sentiment direction.
- ?Does the 30% 5-year revenue decline reflect a structural reduction in gemological certification volumes, or one-off factors such as industry consolidation, pricing changes, or a change in reporting scope after the IPO?
- ?Given a D/E of 10.12 with a rising debt trend, what portion of earnings is consumed by interest obligations, and how has interest coverage ratio trended over the past 3 years?
- ?The 43% ROE is high relative to peers — how much of this is attributable to financial leverage amplifying the equity base versus genuine operating efficiency at the business level?
- ?How does IGI India revenue and volume growth compare to global gemological certification peers to assess whether the domestic top-line decline is company-specific or reflects broader industry headwinds?
PE
29.9
Forward PE
23.6
ROE
+43.0%
Profit margin
+43.3%
D/E
10.12
Dividend yield
+1.4%
Quality score
59/100
ROE 5y above 15%
3/5 yrs
FCF 5y positive
4/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 11 May 2026.