Darshan Orna

Who are in the management team of Darshan Orna?

As of March 2022, the management team of Darshan Orna includes Mahendrakumar R Shah, Arunaben M Shah, Ritesh M Sheth (Managing Director & CFO), Dinesh Hiran, Satish Sheth, and Ritesh Soni (Company Secretary & Compliance Officer). Ritesh M Sheth is the only member receiving remuneration, which is Rs. 4.8 lacs.

As of March 2022, the management team of Darshan Orna includes the following individuals:<BR><BR>1. Mahendrakumar R Shah - Director<BR>2. Arunaben M Shah - Director<BR>3. Ritesh M Sheth - Managing Director & CFO<BR>4. Dinesh Hiran - Independent Director<BR>5. Satish Sheth - Independent Director<BR>6. Ritesh Soni - Company Secretary & Compliance Officer<BR><BR>Ritesh M Sheth is the only member of the management team who receives remuneration, amounting to Rs. 4.8 lacs.

What is the bonus history of the Darshan Orna?

Darshan Orna issued a bonus of 11:10, with an ex-date of September 19, 2018, and a record date of September 21, 2018, making shareholders on record eligible for the bonus shares.

Darshan Orna has a bonus history that includes a significant bonus issue announced with a ratio of 11:10. The ex-date for this bonus was September 19, 2018, and the record date was September 21, 2018. This means that shareholders on record as of the record date were eligible to receive the bonus shares. If you have any more questions about the company or its financial activities, feel free to ask!

Has Darshan Orna declared dividend?

Yes, Darshan Orna Ltd has declared a 2% dividend, amounting to 0.2 per share, with an ex-date of August 20, 2018. However, the company has shown consistent negative returns across various periods, with a total return of -50.3% over the last 6 months and no significant dividend yield.

Darshan Orna Ltd has declared a 2% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 2%<BR>- Amount per share: 0.2<BR>- Ex-date: 20 Aug 18<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -50.3%, the dividend return was 0%, resulting in a total return of -50.3%.<BR><BR>In the 1-year period, the price return was -36.67%, the dividend return was 0%, resulting in a total return of -36.67%.<BR><BR>In the 2-year period, the price return was -21.84%, the dividend return was 0%, resulting in a total return of -21.84%.<BR><BR>In the 3-year period, the price return was -55.25%, the dividend return was 0%, resulting in a total return of -55.25%.<BR><BR>In the 4-year period, the price return was -38.25%, the dividend return was 0%, resulting in a total return of -38.25%.<BR><BR>In the 5-year period, the price return was -59.9%, the dividend return was 0%, resulting in a total return of -59.9%.<BR><BR>Overall, while Darshan Orna Ltd did declare a dividend, the company has not provided any significant returns over the periods analyzed, with consistent negative performance in price returns and no additional dividend returns since the last declaration.

What is the technical trend for Darshan Orna?

As of June 4, 2025, Darshan Orna's technical trend is mildly bearish, with daily moving averages and Bollinger Bands indicating this stance, despite some mildly bullish signals from the weekly MACD and KST.

As of 4 June 2025, the technical trend for Darshan Orna has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD remains bearish. The Bollinger Bands are showing a mildly bearish trend on both weekly and monthly time frames. Daily moving averages also reflect a mildly bearish position. The KST is mildly bullish on a weekly basis but bearish monthly, and Dow Theory shows a mildly bullish trend weekly with no trend monthly. Overall, the current technical stance is mildly bearish, influenced primarily by the daily moving averages and Bollinger Bands.

Who are the peers of the Darshan Orna?

Darshan Orna's peers include Deep Diamond, Super Fine Knit, Shukra Jewellery, Bindal Exports L, R O Jewels, Veerkrupa Jewel, Euro Leder Fash, Manor Estates, Shubhlaxmi Jewel, and Penta Gold. Shukra Jewellery has the highest 1-year return at 64.65%, while Darshan Orna's return is -41.56%.

Peers: The peers of Darshan Orna are Deep Diamond, Super Fine Knit., Shukra Jewellery, Bindal Exports L, R O Jewels, Veerkrupa Jewel, Euro Leder Fash, Manor Estates, Shubhlaxmi Jewel, and Penta Gold.<BR><BR>Quality Snapshot: Below Average management risk is observed at Deep Diamond, Super Fine Knit., Shukra Jewellery, Bindal Exports L, R O Jewels, Shubhlaxmi Jewel, and Penta Gold, while Average management risk is found at R O Jewels. Good capital structure is noted for Deep Diamond, Darshan Orna, and Veerkrupa Jewel, while Below Average capital structure is seen in Super Fine Knit., Shukra Jewellery, Bindal Exports L, Euro Leder Fash, and Shubhlaxmi Jewel. Manor Estates does not qualify in any category.<BR><BR>Return Snapshot: Shukra Jewellery has the highest 1-year return at 64.65%, while R O Jewels has the lowest at -49.05%. Darshan Orna's 1-year return of -41.56% is better than R O Jewels but worse than Shukra Jewellery. Additionally, the six-month returns for Deep Diamond, Super Fine Knit., Shukra Jewellery, Bindal Exports L, R O Jewels, Veerkrupa Jewel, Euro Leder Fash, and Manor Estates are all negative.

What does Darshan Orna do?

Darshan Orna Ltd is a Micro Cap SME based in Ahmedabad, specializing in gold and silver jewellery. As of March 2025, it reported net sales of 84 Cr and a net profit of 0 Cr, with a market cap of INR 13 Cr.

Overview: <BR>Darshan Orna Ltd is a Small and Medium Enterprise (SME) engaged in the Gold & Silver Jewellery and Ornaments business within the Gems, Jewellery And Watches industry, categorized as a Micro Cap.<BR><BR>History: <BR>Darshan Orna Ltd was founded on 20 January, 2011, as "Darshan Orna Private Limited" in Ahmedabad. In May 2015, it was converted into a Limited Company, changing its name to "Darshan Orna Limited." The most recent quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 84 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: INR 13 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 13.00 <BR>Industry P/E: 70 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 0.24 <BR>Return on Equity: 2.21% <BR>Price to Book: 0.66<BR><BR>Contact Details: <BR>Address: 102 1st Flr Shree Balaji Parag, Near Circle-P C G Road Ahmedabad Gujarat : 380009 <BR>Email: info@darshanorna.com <BR>Website: http://www.darshanorna.com

Who are the top shareholders of the Darshan Orna?

The top shareholders of Darshan Orna include Mahendrabhai Ramniklal Shah with 22.87%, and Veeram Vendors Private Limited with 5.1%. Individual investors hold 57.54% of the shares, with no pledged promoter holdings or involvement from mutual funds or foreign institutional investors.

The top shareholders of Darshan Orna include Mahendrabhai Ramniklal Shah, who holds the highest promoter stake at 22.87%. The highest public shareholder is Veeram Vendors Private Limited, with a holding of 5.1%. Additionally, individual investors collectively hold 57.54% of the company's shares. Notably, there are no pledged promoter holdings, and the company does not have any mutual fund or foreign institutional investor (FII) involvement.

How big is Darshan Orna?

As of 24th July, Darshan Orna Ltd has a market capitalization of 13.00 Cr, with Net Sales of 21.69 Cr and a Net Profit of 0.43 Cr for the latest four quarters. The company reported Shareholder's Funds of 18.91 Cr and Total Assets of 24.59 Cr for the annual period ending in March 2024.

As of 24th July, Darshan Orna Ltd has a market capitalization of 13.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Darshan Orna reported Net Sales of 21.69 Cr and a Net Profit of 0.43 Cr.<BR><BR>For the latest annual period ending in March 2024, the company had Shareholder's Funds of 18.91 Cr and Total Assets amounting to 24.59 Cr.

When is the next results date for Darshan Orna?

The next results date for Darshan Orna is 14 October 2025.

The next results date for Darshan Orna is scheduled for 14 October 2025.

Are Darshan Orna latest results good or bad?

Darshan Orna's latest results are mixed but lean negative, showing a 9.09% year-on-year net profit increase and 155.47% revenue growth, yet a concerning 57.31% revenue drop quarter-on-quarter and low return on equity at 2.75%. Investors should be cautious due to governance issues and a lack of institutional confidence.

Darshan Orna's latest results present a mixed picture, leaning more towards the negative side. While the company reported a year-on-year increase in net profit of 9.09% and a substantial revenue growth of 155.47% compared to the same quarter last year, the quarter-on-quarter performance reveals significant concerns. Revenue fell sharply by 57.31% from the previous quarter, indicating severe volatility in sales.<BR><BR>Additionally, the company's return on equity (ROE) remains low at 2.75%, which is below the average expected from healthy businesses. The operating profit margin improved to 5.55%, but this improvement seems to stem more from cost-cutting measures rather than genuine operational strength. <BR><BR>The decline in promoter holding from 42.43% to 30.40% over the past year raises governance concerns, and the complete absence of institutional investors suggests a lack of confidence in the company's prospects. Overall, while there are some positive indicators, the significant revenue drop and structural weaknesses suggest that the results are not fundamentally strong. Investors should approach with caution.

How has been the historical performance of Darshan Orna?

Darshan Orna has experienced significant sales growth from 6.02 Cr in Mar'21 to 21.69 Cr in Mar'25, but has faced operating losses and declining profits, with a negative cash flow of -1.00 Cr in Mar'25. Despite increased total assets, the company struggles with profitability and cash generation.

Answer:<BR>The historical performance of Darshan Orna shows a fluctuating trend in its financial metrics over the years.<BR><BR>Breakdown:<BR>Darshan Orna's net sales have increased from 6.02 Cr in Mar'21 to 21.69 Cr in Mar'25, indicating a significant growth trajectory. However, the total operating income has also risen, reflecting the same trend as net sales. The company's total expenditure, excluding depreciation, has increased from 6.05 Cr in Mar'21 to 21.87 Cr in Mar'25, which has led to operating losses in the last two years, with an operating profit of -0.18 Cr in Mar'25. Despite these losses, the company reported a profit before tax of 0.57 Cr in Mar'25, down from 3.12 Cr in Mar'24, and a profit after tax of 0.47 Cr in Mar'25, compared to 2.67 Cr in Mar'24. The earnings per share have decreased from 0.53 in Mar'24 to 0.09 in Mar'25. On the balance sheet, total assets have grown from 13.07 Cr in Mar'20 to 27.12 Cr in Mar'25, while total liabilities have also increased from 12.33 Cr to 27.12 Cr during the same period. The cash flow from operating activities has shown a negative trend, with -1.00 Cr in Mar'25, down from 11.00 Cr in Mar'24, indicating challenges in generating cash from operations. Overall, while Darshan Orna has shown growth in sales and assets, it faces profitability challenges and cash flow issues in recent years.

Is Darshan Orna overvalued or undervalued?

As of November 27, 2025, Darshan Orna's valuation has improved to attractive, indicating it is currently undervalued with a PE ratio of 53.70, lower than peers like Titan Company and Kalyan Jewellers, despite a recent underperformance of -30.44% compared to the Sensex.

As of 27 November 2025, the valuation grade for Darshan Orna has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued. Key ratios include a PE ratio of 53.70, an EV to EBITDA of 36.80, and a ROE of 2.97%. <BR><BR>In comparison to its peers, Darshan Orna's PE ratio is significantly lower than that of Titan Company, which stands at 84.07, and Kalyan Jewellers at 54.90, suggesting that Darshan Orna may offer better value relative to its earnings potential. While the stock has underperformed the Sensex over the past year with a return of -30.44% compared to the Sensex's 6.84%, the recent grade change and attractive valuation metrics suggest that there may be potential for recovery and growth in the future.

Should I buy, sell or hold Darshan Orna Ltd?

Why is Darshan Orna Ltd falling/rising?

As of 18-Jan, Darshan Orna Ltd's stock price is slightly rising at 2.75, driven by strong recent performance and positive financial results. However, it has a negative long-term outlook with significant declines over the past year and three years, indicating challenges in sustaining growth and servicing debt.

As of 18-Jan, Darshan Orna Ltd's stock price is rising slightly, currently at 2.75, with a change of 0.03 (1.1%) increase. This rise can be attributed to its performance today, where it outperformed its sector by 1.69%. Additionally, the company reported positive financial results, including a significant growth in net sales of 93.66% over the latest six months, and it achieved its highest quarterly PBDIT and PBT figures.<BR><BR>However, despite this short-term rise, the stock has shown a consistent decline over longer periods, with a 1-year return of -14.82% and a 3-year return of -27.15%. The company's long-term fundamentals are weak, evidenced by a -5.09% CAGR growth in operating profits over the last five years and a poor EBIT to interest ratio of 0.09, indicating challenges in servicing its debt. Furthermore, the stock has underperformed against the benchmark indices consistently, which raises concerns about its long-term viability despite the recent uptick in price.

Which are the latest news on Darshan Orna?