Published: 13th Dec 2024
By: Value Research
International Gemological Institute (IGI India) provides certification and accreditation services for diamonds, studded jewellery and coloured stones. It is the second-largest and only listed company in the precious stones certification market (as of FY24, the company had a global market share of 33 per cent).
EBIT is earnings before interest and taxes PAT is profit after tax TTM is 12 months ending September 2024
ROE is return on equity ROCE is return on capital employed
IGI India is the second-largest player in the precious stones certification industry, with a 33 per cent market share globally (as of FY24). This is due to the industry’s high entry barriers, making it easier for existing players to consolidate their market share.
Factors like revenue concentration and a fall in valuations post the acquisition of IGI’s global operations pose risks to IGI India’s financials. To find out why, read the complete risk analysis by heading to the link below.