Darshan Orna

Why is Darshan Orna Ltd falling/rising?

As of 18-Jul, Darshan Orna Ltd's stock price is at 2.22, reflecting a decline of 1.33%. The stock has consistently underperformed against the Sensex, with declining investor interest and weak long-term fundamentals contributing to its bearish trend.

As of 18-Jul, Darshan Orna Ltd's stock price is falling, currently at 2.22, which reflects a decrease of 0.03 or 1.33%. This decline is evident in the stock's performance over various periods, including a 1-week drop of 0.45%, a 1-month decrease of 5.53%, and a year-to-date decline of 24.23%. The stock has consistently underperformed against the Sensex, which has shown positive returns during these periods.<BR><BR>Today's performance indicates that Darshan Orna has underperformed its sector by 1.48%. Additionally, the stock is trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This suggests a bearish trend in the stock's price movement.<BR><BR>Investor participation has also declined, with a significant drop in delivery volume by 31.8% compared to the 5-day average, indicating reduced interest from investors. Although the company has reported positive results in the last three consecutive quarters, including higher net sales and profit after tax, the overall long-term fundamentals appear weak. The company has not declared results in the last six months, and its operating profit growth has been minimal at an annual rate of 2.29% over the past five years. Furthermore, the stock has generated a return of -15.35% over the past year, while its profits have fallen by 66.5%.<BR><BR>In summary, the combination of poor short-term performance, declining investor interest, and weak long-term fundamentals contributes to the falling stock price of Darshan Orna Ltd.

Which are the latest news on Darshan Orna?

Should I buy, sell or hold Darshan Orna Ltd?

What does Darshan Orna do?

Darshan Orna Ltd is a Micro Cap company based in Ahmedabad, engaged in the Gold & Silver Jewellery business. As of December 2025, it reported net sales of 25 Cr and a market cap of INR 24 Cr.

Overview:<BR>Darshan Orna Ltd is engaged in the Gold & Silver Jewellery and Ornaments business within the Gems, Jewellery and Watches industry, classified as a Micro Cap company.<BR><BR>History:<BR>Darshan Orna Ltd was founded on 20 January 2011 as "Darshan Orna Private Limited" in Ahmedabad. In May 2015, it transitioned to a Limited Company, adopting the name "Darshan Orna Limited." The most recent quarterly results reported net sales and net profit for December 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 25 Cr (Quarterly Results - Dec 2025)<BR>- Net Profit: 0 Cr (Quarterly Results - Dec 2025)<BR>- Market Cap: INR 24 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 40.00<BR>- Industry P/E: 45<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 0.23<BR>- Return on Equity: 2.87%<BR>- Price to Book: 1.16<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

How big is Darshan Orna?

As of 10th June, Darshan Orna Ltd has a market capitalization of 24.00 Cr, with recent net sales of 54.56 Cr and a net profit of 0.58 Cr. The balance sheet for March 2025 shows shareholder's funds of 19.62 Cr and total assets of 27.12 Cr.

As of 10th June, Darshan Orna Ltd has a market capitalization of 24.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Darshan Orna reported Net Sales of 54.56 Cr and a Net Profit of 0.58 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds of 19.62 Cr and Total Assets of 27.12 Cr.

Who are in the management team of Darshan Orna?

The management team of Darshan Orna includes Mahendrakumar R Shah (Director), Arunaben M Shah (Director), Ritesh M Sheth (Managing Director & CFO), Dinesh Hiran (Independent Director), Satish Sheth (Independent Director), and Ritesh Soni (Company Secretary & Compliance Officer).

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>If you need more details about their roles or the company, feel free to ask!

Who are the peers of the Darshan Orna?

Darshan Orna's peers include Kenvi Jewels, Orosil Smiths, Goenka Diamond, S K Internation, Koura Fine Diamo, Cityman, York Exports, S.M. Gold, Lypsa Gems, and Shubhlaxmi Jewel. Among them, S K Internation has the highest 1-year return at 91.19%, while Kenvi Jewels has the lowest at -35.29%, with Darshan Orna's return at -6.58%.

Peers: The peers of Darshan Orna are Kenvi Jewels, Orosil Smiths, Goenka Diamond, S K Internation., Koura Fine Diamo, Cityman, York Exports, S.M. Gold, Lypsa Gems, and Shubhlaxmi Jewel.<BR><BR>Quality Snapshot: Below Average management risk is observed at Kenvi Jewels, Goenka Diamond, S K Internation., York Exports, S.M. Gold, Lypsa Gems, and Shubhlaxmi Jewel, while Average management risk is found at Orosil Smiths. Koura Fine Diamo shows Good growth, while Average growth is noted at Kenvi Jewels, and Below Average growth is seen at Orosil Smiths, Goenka Diamond, S K Internation., York Exports, Lypsa Gems, and Shubhlaxmi Jewel, with the rest showing Below Average growth. Darshan Orna has an Average capital structure, while Below Average capital structure is noted at Kenvi Jewels, Orosil Smiths, Goenka Diamond, S K Internation., York Exports, and S.M. Gold, and Good capital structure is observed at Koura Fine Diamo.<BR><BR>Return Snapshot: The peer with the highest 1-year return is S K Internation. at 91.19%, while the lowest is Kenvi Jewels at -35.29%, with Darshan Orna's 1-year return at -6.58% being higher than Kenvi Jewels but lower than S K Internation. Additionally, Koura Fine Diamo, S.M. Gold, Lypsa Gems, and Shubhlaxmi Jewel have negative six-month returns.

When is the next results date for Darshan Orna Ltd?

The next results date for Darshan Orna Ltd is 28 May 2026.

The next results date for Darshan Orna Ltd is scheduled for 28 May 2026.

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.

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.

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.

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.

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.

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.