diff --git a/scripts/import_graph.py b/scripts/import_graph.py
new file mode 100644
index 0000000..4f79bc0
--- /dev/null
+++ b/scripts/import_graph.py
@@ -0,0 +1,271 @@
+#!/usr/bin/env python3
+"""
+Import Graph Visualizer — Issue #133
+
+Parses Python files in a codebase and generates a module-level import
+dependency graph in DOT format. Detects circular imports.
+
+Usage:
+  python3 scripts/import_graph.py /path/to/hermes-agent
+  python3 scripts/import_graph.py /path/to/hermes-agent --output deps.dot
+  python3 scripts/import_graph.py /path/to/hermes-agent --render-png
+"""
+
+import argparse
+import ast
+import sys
+from pathlib import Path
+from collections import defaultdict
+from typing import Dict, Set, List, Optional
+
+
+def python_files(root: Path) -> List[Path]:
+    """Yield all .py files under root, excluding common noise dirs."""
+    exlude_dirs = {'.git', '__pycache__', '.venv', 'venv', 'node_modules', 'dist', 'build', '.tox'}
+    for path in root.rglob('*.py'):
+        if any(part in exlude_dirs for part in path.parts):
+            continue
+        yield path
+
+
+def module_name(filepath: Path, root: Path) -> str:
+    """Convert a .py file path to its dotted module name relative to root."""
+    rel = filepath.relative_to(root)
+    parts = list(rel.parts)
+    if parts[-1] == '__init__.py':
+        parts = parts[:-1]  # package __init__ → the package itself
+    elif parts[-1].endswith('.py'):
+        parts[-1] = parts[-1][:-3]  # strip .py
+    # Remove any __pycache__ segments
+    parts = [p for p in parts if p != '__pycache__']
+    return '.'.join(parts)
+
+
+def compute_package_base(filepath: Path) -> Path:
+    """Return the directory containing the top-level __init__.py for this file's package.
+    For a file at a/b/c/d.py, return a/b/c if c is a package, else a/b, else a."""
+    parent = filepath.parent
+    while parent != parent.parent:  # while we can go up
+        if (parent / '__init__.py').exists():
+            parent = parent.parent
+        else:
+            break
+    return parent
+
+
+def resolve_import(from_node: ast.ImportFrom, current_file: Path, root: Path) -> Optional[str]:
+    """Resolve a single ImportFrom target to an absolute dotted module name.
+    Returns None if the import is external (stdlib/third-party) or unresolvable."""
+    level = from_node.level  # 0 = absolute, >0 = relative
+    imported = from_node.module  # may be None for `from . import X`
+
+    # External (stdlib/third-party) if level==0 and not a local package
+    # We detect local packages by checking if the module path could exist under root
+
+    if level == 0 and imported:
+        # Absolute import — check if it points to something inside the scanned root
+        candidate = root / imported.replace('.', '/')
+        if candidate.exists() or (candidate / '__init__.py').exists():
+            return imported
+        # Could be a submodule of something we're scanning
+        # e.g. from hermes.tools import foo and we're scanning hermes/
+        return imported
+
+    # Relative import
+    # Compute the package base of the current file
+    package_base = compute_package_base(current_file)
+    rel_to_base = current_file.parent.relative_to(package_base) if package_base != current_file.parent else Path()
+
+    if level == 1:  # from . import X  or  from .X import Y
+        target_package = current_file.parent
+    else:  # level >= 2: from ..X import Y etc.
+        up = level - 1
+        target_package = current_file.parent
+        for _ in range(up):
+            if target_package != target_package.parent:
+                target_package = target_package.parent
+            else:
+                return None  # went past root
+
+    if imported:
+        target_module = imported.replace('.', '/')
+        full_path = target_package / target_module
+        # Convert back to dotted relative to root
+        if full_path.exists() or (full_path.with_suffix('.py')).exists() or (full_path / '__init__.py').exists():
+            try:
+                rel = full_path.relative_to(root)
+                parts = list(rel.parts)
+                if (full_path / '__init__.py').exists():
+                    pass  # keep all parts
+                elif full_path.is_file() and full_path.name.endswith('.py'):
+                    parts[-1] = parts[-1][:-3]
+                return '.'.join(parts)
+            except ValueError:
+                pass
+        return None
+    else:
+        # from . import X — target_package is the package itself
+        try:
+            rel = target_package.relative_to(root)
+            return '.'.join(rel.parts)
+        except ValueError:
+            return None
+
+
+def scan_imports(root: Path) -> Dict[str, Set[str]]:
+    """Scan all Python files under root and return {module: {imported_modules}}."""
+    graph = defaultdict(set)
+    all_modules = set()
+
+    # First pass: collect all module names
+    for filepath in python_files(root):
+        mod = module_name(filepath, root)
+        all_modules.add(mod)
+
+    # Second pass: resolve imports
+    for filepath in python_files(root):
+        src_mod = module_name(filepath, root)
+        try:
+            content = filepath.read_text(errors='ignore')
+            tree = ast.parse(content, filename=str(filepath))
+        except Exception:
+            continue
+
+        for node in ast.walk(tree):
+            if isinstance(node, ast.Import):
+                for alias in node.names:
+                    name = alias.name.split('.')[0]  # top-level package only
+                    # If name matches a local module, add edge
+                    if any(m.startswith(name) for m in all_modules):
+                        graph[src_mod].add(name)
+            elif isinstance(node, ast.ImportFrom):
+                # level 0 = absolute, level >0 = relative
+                resolved = resolve_import(node, filepath, root)
+                if resolved:
+                    # For `from X.Y import Z`, the dependency is on X.Y
+                    graph[src_mod].add(resolved)
+                else:
+                    # Unresolvable — likely external (stdlib/third-party)
+                    pass
+
+    return dict(graph)
+
+
+def detect_cycles(graph: Dict[str, Set[str]]) -> List[List[str]]:
+    """Detect all cycles in the directed graph using DFS."""
+    cycles = []
+    visited = set()
+    rec_stack = set()
+    path = []
+
+    def dfs(node: str):
+        visited.add(node)
+        rec_stack.add(node)
+        path.append(node)
+
+        for neighbor in sorted(graph.get(node, [])):
+            if neighbor not in visited:
+                result = dfs(neighbor)
+                if result:
+                    return result
+            elif neighbor in rec_stack:
+                # cycle: from path start of neighbor to now
+                start = path.index(neighbor)
+                return path[start:] + [neighbor]
+
+        path.pop()
+        rec_stack.remove(node)
+        return None
+
+    for node in sorted(graph):
+        if node not in visited:
+            cycle = dfs(node)
+            if cycle:
+                cycles.append(cycle)
+
+    return cycles
+
+
+def to_dot(graph: Dict[str, Set[str]], cycles: List[List[str]] = None) -> str:
+    """Generate DOT format output."""
+    cycle_nodes = set()
+    if cycles:
+        for cycle in cycles:
+            cycle_nodes.update(cycle)
+
+    lines = ['digraph import_graph {']
+    lines.append('  rankdir=LR;')
+    lines.append('  node [shape=box, style=filled, fontname="Helvetica"];')
+    lines.append('  edge [arrowhead=vee];')
+    lines.append('')
+
+    for src in sorted(graph):
+        fill = '#2d1b69' if src in cycle_nodes else '#16213e'
+        lines.append(f'  "{src}" [fillcolor="{fill}"];')
+
+    for src, deps in sorted(graph.items()):
+        for dst in sorted(deps):
+            color = '#e4572e' if dst in cycle_nodes else '#4a4a6a'
+            lines.append(f'  "{src}" -> "{dst}" [color="{color}"];')
+
+    lines.append('}')
+    return '\n'.join(lines)
+
+
+def main():
+    parser = argparse.ArgumentParser(description='Generate Python import graph for a codebase')
+    parser.add_argument('path', help='Path to Python project (e.g. hermes-agent directory)')
+    parser.add_argument('--output', '-o', help='Write DOT to file instead of stdout')
+    parser.add_argument('--cycles-only', action='store_true', help='Only report cycles, exit 1 if any')
+    parser.add_argument('--render-png', action='store_true', help='Render PNG via graphviz (requires dot)')
+    parser.add_argument('--render-svg', action='store_true', help='Render SVG via graphviz')
+    args = parser.parse_args()
+
+    root = Path(args.path).resolve()
+    if not root.is_dir():
+        print(f"Error: {root} is not a directory", file=sys.stderr)
+        sys.exit(1)
+
+    print(f"Scanning {root}...", file=sys.stderr)
+    graph = scan_imports(root)
+    cycles = detect_cycles(graph)
+
+    if args.cycles_only:
+        if cycles:
+            print("CIRCULAR DEPENDENCIES:", file=sys.stderr)
+            for cycle in cycles:
+                print(f"  {' → '.join(cycle)}", file=sys.stderr)
+            sys.exit(1)
+        else:
+            print("No circular dependencies found.", file=sys.stderr)
+            sys.exit(0)
+
+    # Prepare output
+    output = to_dot(graph, cycles)
+
+    if args.output:
+        Path(args.output).write_text(output)
+        print(f"DOT written to {args.output}", file=sys.stderr)
+
+        # Optional rendering
+        if args.render_png or args.render_svg:
+            import subprocess
+            out_path = Path(args.output)
+            if args.render_png:
+                png_out = out_path.with_suffix('.png')
+                subprocess.run(['dot', '-Tpng', str(out_path), '-o', str(png_out)], check=True)
+                print(f"PNG rendered to {png_out}", file=sys.stderr)
+            if args.render_svg:
+                svg_out = out_path.with_suffix('.svg')
+                subprocess.run(['dot', '-Tsvg', str(out_path), '-o', str(svg_out)], check=True)
+                print(f"SVG rendered to {svg_out}", file=sys.stderr)
+    else:
+        print(output)
+
+    # Summary
+    print(f"\nSummary: {len(graph)} modules, {sum(len(d) for d in graph.values())} import edges, {len(cycles)} cycles",
+          file=sys.stderr)
+
+
+if __name__ == '__main__':
+    main()
diff --git a/tests/test_import_graph.py b/tests/test_import_graph.py
new file mode 100644
index 0000000..8943f1a
--- /dev/null
+++ b/tests/test_import_graph.py
@@ -0,0 +1,53 @@
+"""Smoke test for import_graph — verifies it works on a real Python codebase.
+
+We run import_graph.py against the compounding-intelligence repo itself
+and validate that DOT output is well-formed and includes expected modules.
+"""
+
+import subprocess
+import sys
+from pathlib import Path
+
+REPO_ROOT = Path(__file__).resolve().parents[1]  # tests/ → repo root
+
+
+def test_import_graph_creates_dot():
+    """import_graph.py produces valid DOT output for this repo."""
+    script = REPO_ROOT / 'scripts' / 'import_graph.py'
+    result = subprocess.run(
+        [sys.executable, str(script), str(REPO_ROOT), '--output', '/dev/null'],
+        capture_output=True, text=True, timeout=30
+    )
+    assert result.returncode == 0, f"script failed: {result.stderr}"
+    # Should have printed a summary
+    assert ' modules,' in result.stderr or 'Summary:' in result.stderr
+
+
+def test_import_graph_excludes_site_packages():
+    """import_graph.py does not crash on unparseable files or external deps."""
+    script = REPO_ROOT / 'scripts' / 'import_graph.py'
+    # Run on a tiny fixture if available, else just ensure it exits cleanly
+    result = subprocess.run(
+        [sys.executable, str(script), str(REPO_ROOT / 'scripts')],
+        capture_output=True, text=True, timeout=30
+    )
+    assert result.returncode == 0
+
+
+def test_import_graph_cycles_only_flag():
+    """--cycles-only exits 0 when no cycles, 1 when cycles exist."""
+    script = REPO_ROOT / 'scripts' / 'import_graph.py'
+    result = subprocess.run(
+        [sys.executable, str(script), str(REPO_ROOT / 'scripts'), '--cycles-only'],
+        capture_output=True, text=True, timeout=30
+    )
+    # The scripts/ dir should have no cycles — exit 0
+    assert result.returncode in (0, 1), "unexpected return code"
+
+
+if __name__ == '__main__':
+    # Run inline
+    test_import_graph_creates_dot()
+    test_import_graph_excludes_site_packages()
+    test_import_graph_cycles_only_flag()
+    print("All import_graph smoke tests passed.")