DARSHANORNA

Darshan Orna Ltd.

BSE: 539884

Sector: Consumer Durables

Industry Group: Consumer Durables

Industry: Gems, Jewellery And Watches

2.25+0.0 (+0.90%)

10 Jul, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

Score not available

Value Score

Score not available

Price Momentum Score

Score not available

QVM Score

Score not available

Key Metrics

Market Cap

22.51

P/E (TTM)

34.62

P/B

0.64

P/S (TTM)

0.31

EV/EBITDA

24.05

CAPE (5Y)

12.47

ROE (TTM)

2.37

ROCE (TTM)

3.01

ROA (TTM)

1.92

Avg 3Y ROE

7.17

Earnings 3Y CAGR

5.51

Sales 3Y CAGR

72.95

Sales 5Y CAGR

64.01

Debt/Equity

0.03

Consensus TP

Strong Buy %

Promoter Holding

34.17

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Darshan Orna Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong revenue growth and above median growth of industry

The company delivered strong revenue growth of 229.63% for 12-month ended 31 Mar 2026 and the growth was 202.11 percentage points higher than median growth of industry

What is Sales growth (1Y)?

Median: 27.52

Value 229.63

-97.83235798

Low and declining Debt to Equity

The company has low Debt to Equity of 0.03 as on 31 Mar 2026 and Debt to Equity decreased by 0.29 in the last 1 year

What is Debt to Equity?

Negative

Expensive and at a premium to industry median P/E

PE TTM of 34.62 indicates that the stock is expensive on a standalone basis and is at a 79.47% premium to industry median P/E

What is P/E Ratio?

Median: 19.29

Value 34.62

0.462954.69

Low but stable ROE

The company reported low ROE of 2.37% for 12-month ended 31 Mar 2026 and ROE declined marginally by -5 bps from 1 year ago

What is ROE (FY)?

Low EPS growth and lower than median growth of industry

The company delivered moderate EPS growth of -21.7% for 12-month ended 31 Mar 2026 and the growth was 51.31 percentage points lower than median growth of industry

What is EPS growth (1Y)?

Low dividend yield

The company has a low dividend yield of 0.0%

What is Dividend yield?

Neutral

Low operating margin but improving trend

The company reported low operating margin of 1.31% for 12-month ended 31 Mar 2026 but operating margin improved by 216 bps from 1 year ago

What is Operating profit margin?

Financial Snapshot

See detailed analysis

Multi-year trends for Darshan Orna Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Darshan Orna Ltd. Shareholding Pattern

Quarterly breakdown of Darshan Orna Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Total Promoter	8.04	48.79	48.79	48.79	48.79	48.79	48.79	48.79	47.97	46.04	44.88	44.74	8.04	44.72	44.37	44.37	44.37	42.43	41.69	30.40	30.40	30.40	30.40	34.17	34.17
Indian Promoter	8.04	48.79	48.79	48.79	48.79	48.79	48.79	48.79	47.97	46.04	44.88	44.74	8.04	44.72	44.37	44.37	44.37	42.43	41.69	30.40	30.40	30.40	30.40	34.17	34.17
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	0.01	0.01	0.01	0.01	0.01	0.01	0.01	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Mutual Funds / UTI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FI/Bank/Insurance	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Non-Institution	91.95	51.20	51.21	51.21	51.21	51.21	51.21	51.21	52.03	53.96	55.12	55.26	91.96	55.28	55.63	55.63	55.63	57.57	58.31	69.60	69.60	69.60	69.60	65.83	65.83
Bodies Corporate	7.52	7.51	7.50	7.47	-	7.36	7.61	8.04	6.10	6.10	1.86	1.93	1.93	3.68	3.81	1.34	1.37	4.87	6.36	7.12	10.43	10.42	11.80	38.64	38.78
Others (incl. Retail) No. of shareholders	84.43 1,943	43.69 1,946	43.71 1,902	43.74 1,905	51.21 1,761	43.85 1,692	43.60 1,516	43.17 1,717	45.93 7,526	47.86 7,527	53.26 12,148	53.33 11,887	90.03 11,592	51.60 11,208	51.82 11,021	54.29 11,688	54.26 14,936	52.70 16,702	51.95 19,356	62.48 23,640	59.17 25,414	59.18 25,157	57.80 24,337	27.19 23,804	27.05 23,128

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Darshan Orna Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
MAHENDRABHAI RAMNIKLAL SHAH Promoter & Director	November-2024	Market Sale (Disposal) 25th Nov 2024	26.50 %	₹ 4.91	17.50 lac	₹ 85.97 lac
MAHENDRABHAI RAMNIKLAL SHAH Promoter & Director	November-2024	Market Sale (Disposal) 25th Nov 2024	26.50 %	₹ 4.91	17.50 lac	₹ 85.97 lac
MAHENDRABHAI RAMNIKLAL SHAH Promoter & Director	November-2024	Market Sale (Disposal) 11th Nov 2024	27.50 %	₹ 5.29	5.00 lac	₹ 26.43 lac
MAHENDRABHAI RAMNIKLAL SHAH Promoter & Director	November-2024	Market Sale (Disposal) 7th Nov 2024	30.59 %	₹ 5.25	15.47 lac	₹ 81.21 lac
MAHENDRABHAI RAMNIKLAL SHAH Promoter & Director	October-2024	Market Sale (Disposal) 29th Oct 2024	34.29 %	₹ 4.99	18.50 lac	₹ 92.31 lac
MAHENDRABHAI RAMNIKLAL SHAH Promoter & Director	August-2024	Market Sale (Disposal) 21st Aug 2024	34.94 %	₹ 5.19	3.25 lac	₹ 16.85 lac
Mahendrabhai Ramniklal Shah Promoter & Director	June-2024	Market Sale (Disposal) 20th Jun 2024	35.94 %	₹ 4.45	5.01 lac	₹ 22.31 lac
MAHENDRABHAI RAMNIKLAL SHAH Promoter & Director	June-2024	Market Sale (Disposal) 11th Jun 2024	36.68 %	₹ 3.56	3.71 lac	₹ 13.21 lac
SHETH SIDDHI MAHENDRA KUMAR Promoter Group	June-2024	Market Sale (Disposal) 11th Jun 2024	1.43 %	₹ 4.12	2.00 lac	₹ 8.24 lac
Mahendra Ramniklal Shah Director	August-2022	Market Sale (Disposal) 10th Aug 2022	36.33 %	₹ 4.14	2.44 lac	₹ 10.12 lac

Corporate Actions

History of Darshan Orna Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Rights Issue(1 new shares @ ₹3 for 1 existing shares)
Ex-date: 31st Oct 2025Announced on: 28th Feb 2025
"Rights ISIN INE671T20010 CINS Y1997S146 SEDOL BVKB485."
Stock Split1 : 5
Ex-date: 13th Jun 2022Announced on: 6th Apr 2022
Nominal value changes from INR 10 to INR 2
Bonus11 new shares for 10 existing shares
Ex-date: 19th Sep 2018Announced on: 7th Aug 2018

Company Profile

Overview of Darshan Orna Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Darshan Orna Limited is an India-based integrated wholesaler of jewelry and ornaments. The Company is also engaged in distribution of gold and silver ornaments, with or without studded precious and semi - precious stones. Its jewelry and ornaments are designed for traditional, modern, and Indo-Weste...

Key personnel

Mr. Satish Vadilal Sheth

Non-Executive Independent Director

Mrs. Shivani Joshi

Compliance Officer, Company Secretary

Mr. Ritesh Mahendrabhai ShethD

Chief Financial Officer, Managing Director, Director, Promoter

Mrs. Mahendrabhai Ramniklal ShahD

Executive Director

Mrs. Arunaben Mahendrabhai ShahD

Non-Executive Director

Mr. Dinesh Dalchand HiranD

Non-Executive Independent Director

Mr. Satish Vadilal ShethD

Non-Executive Independent Director

Incorporated on

20 Jan 2011

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

IPO date

19 May 2016

Free Float

2,39,05,505

Website

https://www.darshanorna.com/

Phone no.

+919426011360

Address

2018/1, First Floor,, Nr. Rupa Surchand Ni Pole, M.G. Haveli Road, Manek Chowk,, AHMEDABAD, 380001, India

Frequently Asked Questions

What is the current share price of Darshan Orna Ltd.?

The current share price of Darshan Orna Ltd. is ₹ 2.25 as of 10 Jul 2026.

What is the market capitalisation of Darshan Orna Ltd.?

The market capitalisation of Darshan Orna Ltd. stands at ₹ 22.51 Cr.

What is the PE ratio of Darshan Orna Ltd.?

The Price-to-Earnings (PE) ratio of Darshan Orna Ltd. is 34.62 as of the latest trailing twelve months data.

What is the ROE and ROCE of Darshan Orna Ltd.?

Darshan Orna Ltd. has a Return on Equity (ROE) of 2.37% and a Return on Capital Employed (ROCE) of 3.01% as per the latest financial reports.

What is the 52-week high and low of Darshan Orna Ltd.?

The 52-week high of Darshan Orna Ltd. is - and the 52-week low is -.

What is the dividend yield of Darshan Orna Ltd.?

The dividend yield of Darshan Orna Ltd. is 0.00% based on the current market price.

What is the FII and DII holding in Darshan Orna Ltd.?

Foreign Institutional Investors (FII) hold 0.00%, Domestic Institutional Investors (DII) hold 0.00% and retail/public investors hold 27.05% of Darshan Orna Ltd. shares.

What sector does Darshan Orna Ltd. belong to?

Darshan Orna Ltd. operates in the Consumer Durables sector.

What is the beta of Darshan Orna Ltd.?

The beta of Darshan Orna Ltd. is 0.40, indicating its price volatility relative to the broader market. Over the past 1 year, Darshan Orna Ltd. has delivered an absolute return of -14.12%.

What is the RSI of Darshan Orna Ltd.?

The 14-day Relative Strength Index (RSI) of Darshan Orna Ltd. is 40.97, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Darshan Orna Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Darshan Orna Ltd. Shareholding Pattern

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Company Profile

Corporate Actions