1. India Stocks

  2. •

    Retail trade

  3. •

    Specialty stores
Darshan Orna Limited

Darshan Orna Limited

BBSE:DARSHANORNA
2.04
INR
+0.04
(+2.00%)
0.05EPS
41.54P/E
227.13MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.24
14.89
4.12
2.29
7.88
1.97
3.6
1.2
2.6
2.76
4.11
4.19
7.14
9.13
Basic EPS, GAAP
- -
0.04
- -
0.01
0.02
0.03
-0.33
0.37
0.16
0.01
0.53
0.09
0.07
0.05
Free Cash Flow per Basic Share
0.01
-5.25
-0.07
-1.31
0.81
- -
-0.29
-0.8
-0.18
0.05
2.28
-0.3
-1.43
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
0.93
1.12
2.35
2.38
2.44
2.03
2.42
2.6
2.61
3.78
3.92
3.53
- -
Tangible Book Value per Share
- -
0.93
1.12
2.35
2.38
2.44
2.03
2.42
2.6
2.61
3.78
3.92
3.53
- -
Basic Weighted Avg Shares
50
6
37
51
50
47
50
50
50
50
51
52
100
85
Sales/Revenue/Turnover
12
82
153
117
397
93
181
60
131
138
209
217
715
776
Operating Margin (%)
0.28
0.34
-0.18
0.63
1.32
3.03
-9.15
-0.28
0.78
-0.34
-1.32
0.26
1.44
0.98
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
- -
- -
1
1
1
-17
18
8
1
27
5
7
5
Effective Tax Rate (%)
31.25
14.53
12.03
27.41
59.75
29.56
- -
7.75
10.23
26.88
14.42
17.66
26.12
23.06
Profit Margin (%)
0.18
0.29
0.03
0.62
0.25
1.61
-9.28
30.55
6.02
0.42
12.8
2.15
0.91
0.6
Working Capital
- -
34
38
110
71
72
70
105
111
114
135
153
308
- -
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
- -
34
41
118
119
122
102
121
130
131
189
196
353
- -
Return on Invested Capital (%)
- -
- -
0.12
0.67
0.81
1.6
- -
-0.14
0.72
-0.26
-1.29
0.19
2.43
- -
Return on Capital (%)
- -
- -
0.12
0.98
0.86
1.22
- -
16.9
6.65
0.71
15.21
2.12
2.23
- -
Return on Common Equity (%)
- -
- -
0.12
0.91
0.85
1.24
-15.06
16.53
6.28
0.45
16.71
2.42
2.37
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
9
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
100
100
100
Market Capitalization
293
242
227

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
358
- -
Cash, Cash Equivalents & STI
- -
10
- -
Accounts Receivable, Net
- -
140
- -
Inventories
- -
170
- -
Total Current Liabilities
- -
50
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
9
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.7%
27.28%
79.81%
Free Cash Flow
61.64%
941.2%
829.04%
Net Income, GAAP
438.04%
856.38%
39.73%
Sales/Revenue/Turnover
57.49%
81.49%
229.61%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
84
25
24
84
217
2026
148
- -
251
253
715
2027
125
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.02
0.04
0.02
0.01
0.09
2026
0.04
- -
0.01
0.01
0.07
2027
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ritesh Mahendrabhai Sheth
Full Time Employees
7
Sector
Retail trade
Industry
Specialty stores
Address
Shekh Sariya Chambers Ahmedabad GU India 380001
IPO Date
May 19, 2016
Website
darshanorna.com
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Business
Darshan Orna Limited, an India-based wholesaler and trader of gold and silver jewelry and ornaments, sources ready-made designs including traditional, Indo-western, and modern styles from skilled artisans and manufacturers across the country; its product portfolio encompasses chains, rings, earrings, ear chains, bracelets, anklets, zudas, bangles, toe rings, and necklaces, often featuring kundan, gemstones, American diamonds, or plain gold and silver, with or without studded precious and semi-precious stones; the company also engages in silver trading and distribution primarily serving the Indian market from its operations in the Manek Chowk gold and silver hub of Ahmedabad, Gujarat. Founded in 2011 as Darshan Orna Private Limited and converted to a public limited company in May 2015, it maintains its registered office at 2018/1, First Floor, Nr. Rupa Surchand Ni Pole, M.G. Haveli Road, Manek Chowk, Ahmedabad, Gujarat 380001, India. Recent developments include a rights issue of up to 50,029,335 fully paid-up equity shares at INR 3 each to raise INR 1,500.88 lakhs, approved with record date October 31, 2025, opening November 13 and closing November 21, 2025; acquisition of two commercial properties approved in August 2025; commencement of operations from new additional office space in July 2025; increase in authorized share capital and appointments of new statutory and secretarial auditors in September 2025; and in-principle approval from the stock exchange for the rights issue in September 2025.