Darshan Orna Ltd - Stock Valuation and Financial Performance

BSE: 539884 | NSE: | Diamond & Jewellery | Small Cap

Darshan Orna Ltd Share Price

4.48 -0.23 -4.88%
as on 23-Feb'24 16:59

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Darshan Orna stock performance -

mw4me loader
P/E Ratio (SA):
379.88
Market Cap:
22.4 Cr.
52-wk low:
2.4
52-wk high:
6.5

Is Darshan Orna Ltd an attractive stock to invest in?

1. Is Darshan Orna Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Darshan Orna Ltd is a below average quality company.

2. Is Darshan Orna Ltd undervalued or overvalued?

The key valuation ratios of Darshan Orna Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Darshan Orna Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Darshan Orna Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Darshan Orna:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Darshan Orna Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0.7%4.2%1.3%0.2%2.4%2.5%1.6%-14.9%3.9%2%-
Value Creation
Index
-1.0-0.7-0.9-1.0-0.8-0.8-0.9-2.1-0.7-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.81.28.215.311.739.79.318.1613.114
Sales YoY Gr.-50%585.8%85.9%-23.4%238.7%-76.6%95.5%-66.8%117.3%-
Adj EPS 000000.10-0.30.100
YoY Gr.-0%0%-100%NA500%-33.3%-950%NA-50%-
BVPS (₹) 0.90.911.12.42.42.422.42.62.9
Adj Net
Profit
00000.10.30.2-1.70.40.20
Cash Flow from Ops. 00.1-2.9-0.2-6.74.10-1.5-4-0.9-
Debt/CF from Ops. 01.70-100.10000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 36.4%2.3%12.2%117.3%
Adj EPS 16.7%32%0%-50%
BVPS12.2%2%2.1%7.4%
Share Price - -12.4% 19.7% 34.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on
Equity %
0.70.81.30.10.92.51.6-153.61.70.4
Op. Profit
Mgn %
0.31.70.4-0.12.11.33.1-9.1-0.20.82.8
Net Profit
Mgn %
0.20.20.300.60.82.1-9.36.71.60.4
Debt to
Equity
00.400.1000000-
Working Cap
Days
10584739525188308175615312116
Cash Conv.
Cycle
997873892378328613855530290

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.40%

Sales growth is growing at healthy rate in last 3 years 12.18%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -7.76%

Latest Financials - Darshan Orna Ltd.

Standalone Consolidated
TTM EPS (₹) 0 -
TTM Sales (₹ Cr.) 13.8 -
BVPS (₹.) 2.9 -
Reserves (₹ Cr.) 5 -
P/BV 1.52 -
PE 379.88 -
From the Market
52 Week Low / High (₹) 2.40 / 6.48
All Time Low / High (₹) 1.63 / 30.00
Market Cap (₹ Cr.) 22.4
Equity (₹ Cr.) 10
Face Value (₹) 2
Industry PE 83.4

Management X-Ray of Darshan Orna:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Darshan Orna

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Darshan Orna Ltd Stock News

Darshan Orna Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Darshan Orna on 23-Feb-2024 16:59 is ₹4.48.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Feb-2024 16:59 the market cap of Darshan Orna stood at ₹22.41.
The latest P/E ratio of Darshan Orna as of 23-Feb-2024 16:59 is 379.9.
The latest P/B ratio of Darshan Orna as of 23-Feb-2024 16:59 is 1.52.
The 52-week high of Darshan Orna is ₹6.48 and the 52-week low is ₹2.40.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Darshan Orna is ₹13.82 ( Cr.) .

About Darshan Orna Ltd

The company was originally incorporated at Ahmedabad as “Darshan Orna Private Limited” on January 20, 2011 under the provisions of the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. The company was converted in to a Public Limited Company and consequently the name was changed to “Darshan Orna Limited” vide fresh certificate of incorporation dated May 29, 2015  issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli.

The company is integrated as a Wholesaler of Jewellery & Ornaments. Apart from being a wholesaler, the company is also into trading business of silver and distributor of readymade gold & silver Jewellery & Ornaments. The company’s portfolio of products includes gold and silver jewellery with or without studded precious and semi-precious stones. Its Jewelries and ornaments are designed keeping in mind the demand for the Traditional, Modern & Indo-Western jewellery & ornaments in India.

With regional diversity of tastes and preferences, the company has diverse portfolio of Ornaments and Jewellery to suit the taste and preferences of one & all. Its portfolio comprises of 20% Traditional Jewellery, 40% of Modern Jewellery & 40% of Indo-Western Jewellery. Its gold & silver traditional jewelries & ornaments are either made with kundan, gem stones, American diamonds etc or just plain gold or silver.

The company’s products have presence across different price points and cater to customers across high-end, mid-market and value market segments. Its jewelries are sold only to the jewellery retailers within Ahmedabad. Owing to the relationship it has built with its clients, customization of the jewellery, the quality, design & pattern of its jewelries, its portfolio of clients over the 4 years has increased from 63 to 102.

Key events and milestones

  • 20.01.2011: Incorporation of Darshan Orna Private Limited.
  • 31.03.2012: Increase in Authorized Share capital from Rs 1,00,000 to Rs 3,50,000.
  • 31.03.2012: Allotment of 15,000 Equity Shares.
  • 31.03.2013: Increase in Authorized Share capital from Rs 3,50,000 to Rs 4,60,000.
  • 31.03.2013: Allotment of 21,000 Equity Shares.
  • 09.03.2015: Increase in Authorized Share capital from Rs 4,60,000 to 75,00,000.
  • 31.03.2015: Conversion of Loan amount Rs. 100.33 Lakhs into 1,54,358 equity shares.
  • 31.03.2015: Conversion of Loan (against purchase of goods i.e., other than cash) amount Rs 209.63 Lakhs into 3,22,518 equity shares.
  • 29.05.2015: Converted to Public Limited.
  • 05.08.2015: Increase in Authorized Share capital from Rs 75,00,000 to Rs 3,40,00,000.
  • 05.08.2015: Allotment of 28,75,818 Bonus Shares out of free reserves.
  • 03.09.2015: Increase in Authorized Share capital from Rs 3,40,00,000 to Rs 4,50,00,000.
  • 11.09.2015: Conversion of Loan amount Rs. 71.50 Lakhs into 1,10,000 equity shares.
  • 07.12.2015: Increase in Authorized Share capital from Rs 4,50,00,000 to Rs 4,70,00,000.
  • 24.02.2016: Increase in Authorized Share capital from Rs 4,70,00,000 to Rs 4,80,00,000.
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