Is Darshan Orna Ltd (539884) 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 .

Is Darshan Orna Ltd (539884) 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 Undervalued zone .

What is Darshan Orna Ltd (539884) share price return in the past 10 years?

Data is not available for this company

Is Darshan Orna Ltd (539884) 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.

What is the share price of Darshan Orna Ltd (539884)?

Company share prices are keep on changing according to the market conditions. The current trading price of Darshan Orna Ltd (539884) on 05-Dec-2025 15:31:00 at 15:31 is 3.07.

What is the P/E ratio of Darshan Orna?

The latest standalone P/E ratio of Darshan Orna as of 05-Dec-2025 is 51.55.

What is the P/B ratio of Darshan Orna Ltd (539884)?

The latest standalone P/B ratio of Darshan Orna Ltd (539884) as of 05-Dec-2025 is 0.87.

What is the 52-week high and low of Darshan Orna Ltd (539884)?

The 52-week high of Darshan Orna Ltd (539884) is Rs. 6.94 and the 52-week low is Rs. 2.20.

Darshan Orna Ltd (539884) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

Name: Darshan Orna Ltd (539884)
Brand: Darshan Orna

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

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Darshan Orna Share Price

₹3.07 0.02 0.66%
as on 05-Dec'25 15:31

Darshan Orna Ltd (539884) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

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

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DeciZen - make an informed investing decision on Darshan Orna

Based on:

Data

M-Cap below 100cr DeciZen not available

Darshan Orna stock performance -

Key Ratios

P/E Ratio (SA):

51.55

Market Cap:

30.5 Cr.

52-wk low:

2.2

52-wk high:

6.9

Is Darshan Orna Ltd an attractive stock to invest in?

10 Year X-Ray of Darshan Orna: Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'24	Mar'25	TTM
ROCE % ⓘ	1.5%	0.2%	3.5%	2.2%	1.8%	-14.9%	18.4%	7.4%	17.8%	2.6%	-
Value Creation Index ⓘ	-0.9	-1.0	-0.8	-0.9	-0.9	-2.1	0.3	-0.5	0.3	-0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	8.2	15.3	11.7	39.7	9.3	18.1	6	13.1	20.9	21.7	32
Sales YoY Gr.	-	85.9%	-23.4%	238.7%	-76.6%	95.5%	-66.8%	117.3%	59.3%	3.9%	-
Adj EPS ⓘ	0	0	0	0.1	0	-0.3	0.1	0	0.3	0.6	0.1
YoY Gr.	-	-100%	NA	500%	-33.3%	-925%	NA	-50%	550%	142.3%	-
BVPS (₹) ⓘ	1	1.1	2.3	2.4	2.4	2	2.4	2.6	18.8	19.5	3.5
Adj Net Profit ⓘ	0	0	0.1	0.3	0.2	-1.7	0.4	0.2	0.3	0.6	1
Cash Flow from Ops. ⓘ	-2.9	-0.2	-6.7	4.1	0	-1.5	-4	-0.9	11.6	-1.5	-
Debt/CF from Ops. ⓘ	0	-1	-0	0.1	0	0	0	0	0.3	-4.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.4%	18.5%	53.2%	3.9%
Adj EPS ⓘ	58.5%	73.6%	99%	142.3%
BVPSⓘ	39.9%	51.8%	101%	3.7%
Share Price	-	-7.4%	-7.6%	-39%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	1.3	0.1	0.9	2.5	1.6	-15	3.6	1.7	1.6	3.3	0.5
Op. Profit Mgn % ⓘ	0.4	-0.1	2.1	1.3	3.1	-9.1	-0.2	0.8	-1.3	0.3	0.2
Net Profit Mgn % ⓘ	0.3	0	0.6	0.8	2.1	-9.3	6.7	1.6	1.3	2.9	1.9
Debt to Equity ⓘ	0	0.1	0	0	0	0	0	0	0.2	0.3	0
Working Cap Days ⓘ	73	95	251	88	308	175	615	312	267	343	136
Cash Conv. Cycle ⓘ	73	89	237	83	286	138	555	302	258	331	98

Recent Performance Summary

Latest Financials - Darshan Orna Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.1	-
TTM Sales (₹ Cr.)	31.9	-
BVPS (₹.) ⓘ	3.5	-
Reserves (₹ Cr.) ⓘ	15	-
P/BV ⓘ	0.87	-
PE ⓘ	51.55	-

From the Market
52 Week Low / High (₹)	2.20 / 6.94
All Time Low / High (₹)	1.62 / 29.80
Market Cap (₹ Cr.)	30.5
Equity (₹ Cr.)	20
Face Value (₹)	2
Industry PE ⓘ	63.7

Management X-Ray of Darshan Orna:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Darshan Orna - Standalone Basis

Analyst's Notes

No data found!

Key Ratios of Darshan Orna

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'24	Mar'25
Sales	8.23	15.30	11.72	39.69	9.28	18.14	6.02	13.10	20.87	21.69
Operating Expenses ⓘ	8.20	15.32	11.47	39.16	9.06	19.81	6.04	12.99	21.14	21.87
Manufacturing Costs	0.15	0.32	0	0.09	0.07	0.05	0.03	0.01	0.03	0.02
Material Costs	7.95	14.87	11.23	38.94	8.74	19.62	5.85	12.77	20.77	21.37
Employee Cost	0.04	0.09	0.06	0	0	0.03	0.03	0.03	0.08	0.06
Other Costs ⓘ	0.06	0.04	0.18	0.13	0.25	0.10	0.14	0.18	0.27	0.42
Operating Profit ⓘ	0.03	-0.02	0.25	0.53	0.22	-1.66	-0.01	0.10	-0.27	-0.18
Operating Profit Margin (%)	0.4%	-0.1%	2.1%	1.3%	2.3%	-9.2%	-0.2%	0.8%	-1.3%	-0.8%
Other Income ⓘ	0	0.04	0.04	0.02	0	0	2.06	0.83	3.44	0.81
Interest ⓘ	0	0	0.18	0.01	0	0.02	0.05	0.05	0.05	0.06
Depreciation ⓘ	0	0.01	0.01	0	0	0	0	0	0	0
Exceptional Items ⓘ	0	0	0	-0.28	0	0	0	0	0	0
Profit Before Tax ⓘ	0.03	0.01	0.10	0.25	0.21	-1.68	2	0.88	3.12	0.57
Tax ⓘ	0	0	0.03	0.15	0.06	-0	0.15	0.09	0.45	0.10
Profit After Tax	0.02	0	0.07	0.10	0.15	-1.68	1.84	0.79	2.67	0.47
PAT Margin (%)	0.3%	0.0%	0.6%	0.3%	1.6%	-9.3%	30.6%	6.0%	12.8%	2.1%
Adjusted EPS (₹)	0.0	0.0	0.0	0.0	0.0	-0.3	0.4	0.2	2.7	0.5
Dividend Payout Ratio (%)	0%	0%	0%	118%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund	3.41	4.13	11.77	11.89	12.19	10.18	12.09	13.03	18.91	19.62
Share Capital ⓘ	0.52	3.51	4.76	4.76	10.01	10.01	10.01	10.01	10.01	10.01
Reserves ⓘ	2.89	0.62	7	7.12	2.18	0.17	2.09	3.03	8.91	9.62
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0.25	0.01	0.35	0	0	0	0	3.69	6.31
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0.25	0.01	0.35	0	0	0	0	3.69	6.31
Trade Payables	0.01	0.01	0.15	0.25	0.66	2.75	0.08	0.21	0.15	0.23
Others Liabilities ⓘ	0.16	0.87	0.17	0.35	0.12	0.15	0.16	0.10	1.84	0.95
Total Liabilities ⓘ	3.58	5.26	12.10	12.85	12.97	13.07	12.33	13.34	24.59	27.12
Fixed Assets
Gross Block	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.05	0.05
Accumulated Depreciation	0	0.01	0.01	0.02	0.02	0.03	0.03	0.03	0.04	0.04
Net Fixed Assets ⓘ	0.03	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	0	0	0.73	4.73	4.99	3.13	1.54	1.92	5.71	4.71
Inventories	0.95	1.01	4.73	1.88	4.22	4.20	10.01	11.05	18.34	18.79
Trade Receivables	2.05	3.45	6.13	5.81	3.40	5.02	0.54	0.31	0	2.57
Cash Equivalents	0.53	0.29	0.16	0.24	0.15	0.36	0.05	-0.26	0.03	0.49
Others Assetsⓘ	0.02	0.48	0.34	0.17	0.19	0.35	0.18	0.30	0.49	0.56
Total Assets ⓘ	3.58	5.26	12.10	12.85	12.97	13.07	12.33	13.34	24.59	27.12

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ	-2.87	-0.24	-6.73	4.08	0.02	-1.46	-3.99	-0.85	11.57	-1.54
PBT ⓘ	0.03	0.01	0.15	0.25	0.21	-1.68	2	0.88	3.12	0.57
Adjustment ⓘ	0	0.01	0.01	0.04	0	0.02	-2.01	-0.77	-3.39	-0.75
Changes in Working Capital ⓘ	-2.9	-0.25	-6.88	3.79	-0.13	0.21	-3.82	-0.86	12.28	-1.26
Tax Paid ⓘ	0	0	0	0	-0.06	0	-0.16	-0.09	-0.45	-0.10
Cash Flow From Investing Activity ⓘ	-0.03	0	-0.94	-4	-0.26	1.85	3.60	0.44	7.52	1.81
Capex	-0.03	0	0	0	0	0	-0	-0	-0	0
Net Investments	0	0	-0.73	-4.01	-0.26	1.86	1.59	-0.39	4.08	1
Others ⓘ	0	0	-0.21	0	-0	-0.02	2.01	0.83	3.44	0.81
Cash Flow From Financing Activityⓘ	3.33	0	7.54	0	0.15	-0.18	0.08	0.10	-18.96	0.18
Net Proceeds from Shares ⓘ	3.33	0	7.54	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	-0.05	-0.05	-0.06
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0.15	-0.18	0.08	0.15	-18.91	0.24
Net Cash Flow ⓘ	0.42	-0.24	-0.13	0.08	-0.09	0.21	-0.31	-0.31	0.13	0.45

Finance Ratio

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'24	Mar'25
Ratios
ROE (%)	1.27	0.12	0.91	0.85	1.24	-15.06	16.53	6.28	16.73	2.42
ROCE (%)	1.47	0.18	3.47	2.16	1.76	-14.91	18.35	7.41	17.79	2.59
Asset Turnover Ratio	4.13	3.46	1.35	3.18	0.72	1.39	0.47	1.02	1.1	0.84
PAT to CFO Conversion(x)	-143.5	N/A	-96.14	40.8	0.13	N/A	-2.17	-1.08	4.33	-3.28
Working Capital Days
Receivable Days	46	66	149	55	181	85	169	12	0	43
Inventory Days	27	23	89	30	120	85	430	293	257	312
Payable Days	0	0	3	2	19	32	88	4	3	3

Darshan Orna Ltd Stock News

Darshan Orna Ltd FAQs

The current trading price of Darshan Orna on 05-Dec-2025 15:31 is ₹3.07.

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 04-Dec-2025 the market cap of Darshan Orna stood at ₹30.52.

The latest P/E ratio of Darshan Orna as of 04-Dec-2025 is 51.55.

The latest P/B ratio of Darshan Orna as of 04-Dec-2025 is 0.87.

The 52-week high of Darshan Orna is ₹6.94 and the 52-week low is ₹2.20.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Darshan Orna is ₹31.90 ( 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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Darshan Orna Ltd (539884) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

Darshan Orna Share Price

Darshan Orna Ltd (539884) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

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Darshan Orna stock performance -

Is Darshan Orna Ltd an attractive stock to invest in?

10 Year X-Ray of Darshan Orna: Login to view analysis. Share

Analysis of Financial Track Record

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Recent Performance Summary

Latest Financials - Darshan Orna Ltd.

Management X-Ray of Darshan Orna: Share

Shareholding Pattern

Promoter's Holding & Share Pledging

Valuation of Darshan Orna - Standalone Basis Share

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Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

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Event Update Share

Analyst's Notes Share

Key Ratios of Darshan Orna Share

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Finance Ratio Share

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