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Darshan Orna

539884 BSE
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Darshan Orna (DARSHANORNA) share price was ₹2.00 at the 28 Oct 2026 close; market capitalisation ₹20.00 Cr; P/E (TTM) 50.00; sector Consumer Goods. The share price fell 33.3% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 15.6% year on year to ₹12.47 Cr and net profit was ₹0.05 Cr, against ₹0.21 Cr a year earlier (compared with Jun 2025). Promoters held 34.17% of Darshan Orna in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 45/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹2.00 −1.14 −36.31% 1Y

Key Fundamentals

MicrocapConsumer DurablesConsumer Discretionary
Market Cap
₹20.00 Cr
P/E (TTM)
50
EBITDA
₹90.00 L
Return on Equity
1.85%
Debt to Equity
0
Book Value
₹3.53
EPS (TTM)
₹0.04
52W High
₹3.61
52W Low
₹1.95

Price-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Standalone · TTM

Peer Comparison

Consumer Discretionary › Consumer Goods › Jewellery & Watches › Gems, Jewellery And Watches

Titan
₹4,400.2067.813,90,644 Cr24.880.34%32.31%38.43%83,417 Cr5,760 Cr
Kalyan Jewellers
₹516.2037.1453,311 Cr8.450.50%21.41%27.43%39,281 Cr1,436 Cr
Lalithaa Jewellery Mart
₹344.8518.7419,302 Cr4.670.00%34.47%46.30%21,635 Cr922 Cr
PC Jeweller
₹15.8816.5415,486 Cr1.680.00%8.74%10.25%3,816 Cr775 Cr
Thangamayil Jewellery
₹4,606.0036.6114,316 Cr10.110.38%24.83%34.71%9,622 Cr392 Cr
Sky Gold & Diamonds
₹873.5540.3713,529 Cr9.630.21%23.37%36.01%8,129 Cr344 Cr
BlueStone Jewellery & Lifestyle
₹682.8098.6710,432 Cr5.680.00%0.73%7.89%2,977 Cr102 Cr
Darshan Orna (this company)
—50.0020 Cr0.570.00%1.85%2.66%69 Cr0 Cr
Median 8 companies₹682.8038.7514,901 Cr7.060.11%22.39%31.07%8,876 Cr584 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

45 Average
Overall score

Data confidence 100/100

Category scores

Quality Poor 26
Returns, margins, earnings quality 22% weight
Valuation Poor 26
Cheap vs sector & own history 24% weight
Growth Strong 99
Sales & profit trajectory 9% weight
Financial Health Strong 83
Solvency, leverage, coverage 9% weight
Momentum Poor 31
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.60 times its book value
  • Company is expected to give good quarter

Weaknesses

5
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 34.2%
  • Company has a low return on equity of 1.71% over last 3 years.
  • Debtor days have increased from 57.3 to 71.3 days.
  • Promoter holding has decreased over last 3 years: -10.2%

Technical Indicators

Oscillators

Bearish

Bearish
2
Neutral
6
Bullish
1

Overall

Bearish

Bearish
12
Neutral
6
Bullish
1

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
218% higher than 3Y

change over 1 year

Net Income Growth
40% lower than 3Y

change over 1 year

Cash Flow Change
-831%

change over 1 year

EBITDA Margin Change
-52.5%

change over 1 year Operating margin 0.64% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1.72
3.33
10.97
4.85
8.42
2.47
2.4
8.4
14.78
6.31
25.07
25.32
12.47
Expenses
1.69
3.11
10.88
5.44
8.26
2.23
2.26
9.11
14.5
5.95
24.98
25.11
12.39
Operating Profit
0.03
0.22
0.09
-0.59
0.16
0.24
0.14
-0.71
0.28
0.36
0.09
0.21
0.08
OPM %
1.74%
6.61%
0.82%
-12.16%
1.9%
9.72%
5.83%
-8.45%
1.89%
5.71%
0.36%
0.83%
0.64%
Other Income
0.08
1.09
0.29
1.97
0
0.04
0
0.78
0
0
0
0.01
0
Interest
0.01
0.01
0.02
0
0.02
0.02
0.01
0.02
0.02
0.02
-0.03
0.06
0.02
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
0.1
1.3
0.36
1.38
0.14
0.26
0.13
0.05
0.26
0.34
0.12
0.16
0.06
Tax %
20%
25.38%
5.56%
5.8%
21.43%
15.38%
15.38%
20%
19.23%
29.41%
25%
31.25%
16.67%
Net Profit
0.08
0.97
0.34
1.3
0.1
0.22
0.11
0.04
0.21
0.24
0.09
0.11
0.05
EPS (₹)
0.01
0.1
0.03
0.13
0.01
0.02
0.01
0
0.02
0.02
0.01
0.01
0
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
8.23
15.3
11.72
39.69
9.26
18.14
6.02
13.1
13.82
20.87
21.69
71.49
69.17
Expenses
8.2
15.33
11.64
39.16
9.04
19.79
6.03
13
13.87
21.13
21.63
70.47
68.43
Operating Profit
0.03
-0.03
0.08
0.53
0.22
-1.65
-0.01
0.1
-0.05
-0.26
0.06
1.02
0.74
OPM %
0.36%
-0.2%
0.68%
1.34%
2.38%
-9.1%
-0.17%
0.76%
-0.36%
-1.25%
0.28%
1.43%
1.07%
Other Income
0
0.04
0.04
-0.26
0
-0.01
2.06
0.83
0.18
3.44
0.57
-0.08
0.01
Interest
0
0
0.01
0.01
0
0.02
0.05
0.05
0.05
0.05
0.06
0.06
0.07
Depreciation
0
0.01
0.01
0
0
0
0
0
0
0
0
0
0
PBT
0.03
0
0.1
0.26
0.22
-1.68
2
0.88
0.08
3.13
0.57
0.88
0.68
Tax %
0%
—
30%
57.69%
27.27%
0%
8%
10.23%
25%
14.38%
17.54%
26.14%
—
Net Profit
0.02
0
0.07
0.1
0.15
-1.68
1.84
0.79
0.06
2.67
0.47
0.65
0.49
EPS (₹)
0.02
0
0.01
0.01
0.02
-0.17
0.18
0.08
0.01
0.27
0.05
0.06
0.04
Div. Payout %
0%
—
0%
119%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.52
3.51
4.76
4.76
10.01
10.01
10.01
10.01
10.01
10.01
10.01
20.01
Reserves
2.89
0.62
7
7.12
2.18
0.17
2.09
3.03
3.05
8.91
9.62
15.27
Borrowings
0
0.25
0.01
0.35
0
0
0
0
0
3.69
5.39
0
Other Liabilities
0.17
0.88
0.34
0.61
0.78
2.9
0.23
0.3
0.35
1.97
2.09
5.34
Total Liabilities
3.58
5.26
12.11
12.84
12.97
13.08
12.33
13.34
13.41
24.58
27.11
40.62
Fixed Assets
0.03
0.02
0.02
0.02
0.01
0.01
0.01
0.01
0.01
0.01
0
0.27
CWIP
0
0
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
1.63
5.71
4.71
4.56
Other Assets
3.55
5.24
11.36
8.09
7.97
9.94
10.78
11.41
11.77
18.86
22.4
35.79
Total Assets
3.58
5.26
12.11
12.84
12.97
13.08
12.33
13.34
13.41
24.58
27.11
40.62
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-2.87
-0.24
-6.73
4.08
0.02
-1.46
-3.99
-0.92
0.27
-2.72
-1.54
-14.34
Investing
-0.03
0
-0.94
-4
-0.26
1.85
3.6
0.52
-0.11
2.9
1.81
-0.18
Financing
3.33
0
7.54
0
0.15
-0.18
0.08
0.1
0
-0.05
0.18
14.94
Net Cash Flow
0.42
-0.24
-0.13
0.08
-0.09
0.21
-0.31
-0.31
0.16
0.13
0.45
0.42
Free Cash Flow
-2.9
-0.24
-6.73
4.08
0.02
-1.46
-3.99
-0.92
0.27
-2.72
-1.54
-14.61
CFO/OP
-9,567
800
-8,412
770
36
88
38,300
-830
-580
873
-2,400
-1,383
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
90.92
82.3
191
53.43
134
101
32.74
8.64
62.07
0
43.25
71.33
Inventory Days
42.81
24.27
154
17.62
176
78.09
626
316
252
322
321
89.12
Days Payable
0.45
0.24
4.88
2.34
27.56
51.13
5
6
6.17
2.64
3.93
16.94
Cash Conversion Cycle
133
106
340
68.71
283
128
653
318
307
320
360
144
Working Capital Days
126
83.26
338
63.45
277
134
637
317
304
236
249
153
ROCE %
1.58%
0%
1.36%
4.58%
1.8%
-14.75%
-0.09%
0.88%
1%
-1.46%
3.65%
3.42%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Darshan Orna insights

56 extracted metrics + investor summaries across FY12–FY27.

Shareholding Pattern

Others39.39%Public26.44%Promot.34.17%As ofSep 2026

Documents

Frequently Asked Questions about Darshan Orna

What does Darshan Orna Ltd do?
Incorporated in 2011, Darshan Orna Ltd is in the business of gold, silver, and diamond ornaments.[1]
Where is Darshan Orna Ltd (DARSHANORNA) listed?
Darshan Orna Ltd trades under code 539884 on the BSE.
Which sector does Darshan Orna Ltd belong to?
Darshan Orna Ltd is classified under the Consumer Goods sector, in the Jewellery & Watches industry.
What is the market capitalisation of Darshan Orna Ltd?
Darshan Orna Ltd has a market capitalisation of ₹20 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Darshan Orna Ltd?
Darshan Orna Ltd trades at a PE ratio of 50.00 as of 28 Oct 2026, on earnings per share of ₹0.04, against a book value of ₹3.53 per share.
What is the 52-week high and low of Darshan Orna Ltd?
Over the last 52 weeks Darshan Orna Ltd has traded between ₹1.95 and ₹3.61 as of 28 Oct 2026.
What is the Return on Equity (ROE) of Darshan Orna Ltd?
Darshan Orna Ltd reported a return on equity of 1.85%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 2011, Darshan Orna Ltd is in the business of gold, silver, and diamond ornaments.[1]

Website darshanorna.com
Listed 2016-05-19
Face Value ₹ 2
Shares Outstanding 10,00,00,000

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