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Darshan Orna Ltd Stock Analysis

Small Cap
Evaluated by 33 users | BSE: 539884 | NSE: |
Diamond & Jewellery
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 0-0.26%0.7%4.21%1.25%0.15%2.43%2.53%1.63%-14.9%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 000.81.28.215.311.739.79.318.1
Y-o-Y Gr. Rt.-NANA50%585.8%85.9%-23.4%238.7%-76.6%95.5%
Adjusted EPS (Rs.) 0-0.060.170.230.210.010.070.30.2-1.68
Y-o-Y Gr. Rt.-NANA35.3%-8.7%-95.2%600%328.6%-33.3%-940%
Book Value per Share (Rs.) 4.7630.4229.7429.9831.085.6111.7611.8812.1810.17
Adjusted Net Profit 0000000.10.30.2-1.7
Net Op. Cash Flow (Rs. Cr.) 0-0.200.1-2.9-0.2-6.74.10-1.4
Debt to Cash Flow from Ops 0001.710-1.0400.0900
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Darshan Orna Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales NA17.1%15.7%95.5%
Adjusted EPS NA-251.6%-388.5%-940%
Book Value per Share 8.8-20-4.7-16.5
Share Price - - -47.3% -64.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 0-0.280.660.771.270.120.882.521.64-15.01
Operating Profit Margin (%) 000.291.70.36-0.142.131.333.07-9.12
Net Profit Margin (%) 000.20.190.290.030.60.752.13-9.25
Debt to Equity 0000.3500.0600.0300
Working Capital Days 0010584739525188308175
Cash Conversion Cycle 009978738923783286138
Entity Percentage Holding
Promoters 48.79%
Institutions 0.01%
Non-Institutions 51.21%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
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Data is not available for this company.

Data is not available for this company

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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