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

Darshan Orna Ltd share price has declined -8.7% annually (CAGR) over the past ten years.

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-Jun-2026 09:47:00 at 09:47 is 2.37.

What is the P/E ratio of Darshan Orna?

The latest standalone P/E ratio of Darshan Orna as of 05-Jun-2026 is 40.62.

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-Jun-2026 is 0.66.

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

The 52-week high of Darshan Orna Ltd (539884) is Rs. 3.61 and the 52-week low is Rs. 2.20.

Darshan Orna Ltd (539884) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

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

Key Metrics

Valuation Multiples

Market Cap

₹23 Cr.

Current Price

₹2.4

52-Week Low / High

₹2 / 4

TTM EPS

₹0.1

TTM Sales

₹54.6 Cr.

Book Value per Share

₹3.5

P/E Ratio

40.62

Higher than its 5-year historical median

Industry PE

Price to Book (P/B)

0.66

Lower than its 5-year historical median

Price to Sales (P/S)

0.43

Lower than its 5-year historical median

EV/EBITDA

35.36

Higher than its 5-year historical median

Dividend Yield

0.00%

Profitability Efficiency

Return on Equity (ROE)

2.42%

Outperforms industry median

Return on Capital Employed (ROCE)

2.59%

Underperforms industry median

Return on Assets (ROA)

1.80%

Operating Profit Margin

0.3%

Net Profit Margin

2.15%

Gross Profit Margin

2.6%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

3.93%

Operating Profit Growth (1 Year)

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

-82.4%

Asset Quality

Promoter Holding

34.17%

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

0.00%

Reserves

₹15 Cr.

Equity

₹20 Cr.

Face Value

₹2

All Time Low / High

₹1.62 / 29.80

Darshan Orna stock performance

Key Ratios

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Darshan Orna Ltd a good quality company?

Darshan Orna Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Darshan Orna Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Darshan Orna Ltd vs industry peers?

Darshan Orna Ltd revenue CAGR is 18.51%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Darshan Orna Ltd?

Promoters hold 34.17% of the Darshan Orna Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Darshan Orna Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of -8.8% based on the current price.

10 Year X-Ray : 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)

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

Value Creation ⓘ

	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 ⓘ
Sales ⓘ	8.2	15.3	11.7	39.7	9.3	18.1	6	13.1	20.9	21.7	55
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 ⓘ

	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	-8.7%	-9.8%	-12.9%	-3.3%

Key Financial Parameters ⓘ

	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
Net Profit Mgn % ⓘ	0.3	0	0.6	0.8	2.1	-9.3	6.7	1.6	1.3	2.9	1.1
Debt to Equity ⓘ	0	0.1	0	0	0	0	0	0	0.2	0.3	-
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

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
Exceptional Items ⓘ	0	0	0	-0.28	0	0	0	0	0	0
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
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%	2.2%
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%	117.80%	0%	0%	0%	0%	0%	0%

Valuation of Darshan Orna - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

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
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
Minority Interest	0	0	0	0	0	0	0	0	0	0
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
Net Fixed Assets ⓘ +	0.03	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0
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
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

Financial 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	65.60	149.20	54.90	181.20	84.70	168.50	11.90	0	43.30
Inventory Days	27	23.40	89.40	30.40	119.90	84.70	430.40	293.40	257.10	312.40
Payable Days	0.50	0.30	2.70	1.90	19	31.70	88.10	4.10	3.20	3.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Darshan Orna Ltd FAQs

The current trading price of Darshan Orna on 05-Jun-2026 09:47 is ₹2.37.

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-Jun-2026 the market cap of Darshan Orna stood at ₹23.31 Cr

The latest P/E ratio of Darshan Orna as of 04-Jun-2026 is 40.62.

The latest P/B ratio of Darshan Orna as of 04-Jun-2026 is 0.66.

The 52-week high of Darshan Orna is ₹3.61 and the 52-week low is ₹2.20.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Darshan Orna is ₹54.57 ( Cr.) .

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

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.

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.

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.

Darshan Orna Ltd (539884)

Darshan Orna Ltd (539884)

Darshan Orna stock performance

Check Before You Invest

M-Cap below 100cr DeciZen not available

10 Year X-Ray : 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 ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Darshan Orna - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Darshan Orna Ltd FAQs

About Darshan Orna Ltd

About MoneyWorks4Me

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Darshan Orna Ltd (539884)

Darshan Orna Ltd (539884)

Darshan Orna stock performance

Check Before You Invest

M-Cap below 100cr DeciZen not available

10 Year X-Ray : 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 ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Darshan Orna - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Darshan Orna Ltd FAQs

What is the share price of Darshan Orna?

What is the market cap of Darshan Orna?

What is the P/E ratio of Darshan Orna?

What is the P/B ratio of Darshan Orna?

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

What is the TTM revenue of Darshan Orna?

Is Darshan Orna Ltd a good quality company?

Is Darshan Orna Ltd undervalued or overvalued?

Is Darshan Orna Ltd a good buy now?

About Darshan Orna Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.