Darshan Orna Limited

BSE: DARSHANORNA539884ISIN INE671T01028

Consumer Discretionary
Gems, Jewellery And Watches

Share price

₹2.030.00 (0.00%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded. Earlier history is omitted pending corporate-action verification.

52W high: ₹3.61
52W low: ₹1.94
Off 52W high: -43.77%
1M return: -3.33%
3M return: -6.45%
6M return: -16.80%
1Y return: -28.27%
20D avg volume: 39,636
50 DMA: ₹2.12
200 DMA: ₹2.36

Key ratios Standalone

Market cap: ₹20.31 Cr
Current price: ₹2.03
52W high / low: ₹3.61 / ₹1.94
Face value: ₹2.00
P/E: 40.60
P/B: 1.04
EPS (TTM): ₹0.05
Book value / share: ₹1.95
ROE: 2.50%
ROCE: 2.60%
Operating margin: 0.66%
Net margin: 0.41%
Debt / equity: 0.03
Net debt: ₹0.01 Cr
Interest cover: 15.67
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 141.9 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	—	12.47	25.32	25.07	6.31	14.78	8.40	2.40	2.47	8.42	—
	—	0.00	0.01	0.00	0.00	0.00	0.78	—	—	—	—
	—	12.47	25.32	25.07	6.31	14.78	9.18	2.40	2.47	8.42	—
	—	12.41	25.16	24.95	5.98	14.52	9.13	2.27	2.25	8.28	—
	—	10.75	25.31	34.41	2.11	6.25	6.95	8.83	5.30	0.74	—
	—	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	—	0.00	0.12	0.00	0.03	0.00	0.04	0.01	0.00	0.01	—
	—	0.02	0.06	0.03	0.02	0.02	0.02	0.01	0.02	0.02	—
	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—
	—	0.01	0.12	0.23	0.00	0.21	0.08	0.28	0.05	0.02	—
	—	0.06	0.16	0.12	0.34	0.27	0.05	0.12	0.22	0.14	—
	—	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	—	0.06	0.16	0.12	0.34	0.27	0.05	0.12	0.22	0.14	—
	—	0.01	0.05	0.03	0.10	0.05	0.01	0.02	0.04	0.03	—
	—	0.05	0.11	0.09	0.24	0.21	0.04	0.11	0.18	0.10	—
	—	0.01	0.01	0.01	0.05	0.04	0.01	0.02	0.04	0.02	—
Key metrics
	—	0.08	0.22	0.15	0.36	0.29	0.07	0.13	0.24	0.16	—
	—	0.60%	0.90%	0.60%	5.70%	2.00%	0.80%	5.40%	9.70%	1.90%	—
	—	0.40%	0.40%	0.40%	3.80%	1.40%	0.50%	4.60%	7.30%	1.20%	—
	—	—	0.60%	—	1.80%	—	0.40%	—	—	—	—
	—	-15.60%	201.40%	944.60%	155.50%	75.50%	—	—	—	—	—
	—	-76.20%	175.00%	-18.20%	33.30%	110.00%	—	—	—	—	—

Metric	FY26	FY25	FY24
Income statement
	71.49	21.69	—
	0.01	0.81	—
	71.49	22.50	—
	70.61	21.93	—
	68.09	21.82	—
	0.00	0.00	—
	0.16	0.06	—
	0.06	0.06	—
	0.00	0.00	—
	0.56	0.44	—
	0.88	0.57	—
	0.00	0.00	—
	0.88	0.57	—
	0.23	0.10	—
	0.65	0.47	—
	0.07	0.09	—
Key metrics
	0.94	0.63	—
	1.30%	2.90%	—
	0.90%	2.20%	—
	2.60%	3.20%	—
	229.60%	—	—
	38.30%	—	—
	-14.61	-1.54	—
	-22.06	-3.28	—
	0.03	0.32	—
	0.01	5.82	—
	141.9	355.5	—
Balance sheet
	40.62	27.12	—
	35.80	22.40	—
	0.91	0.49	—
	13.97	2.57	—
	17.05	18.79	—
	3.80	0.56	—
	0.27	0.00	—
	3.24	0.23	—
	4.99	7.14	—
	0.92	6.31	—
	0.92	6.31	—
	0.00	0.00	—
	35.28	19.62	—
Cash flow
	-14.34	-1.54	—
	-0.18	1.81	—
	14.95	0.18	—
	0.27	0.00	—

Compounded growth

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 34.17%

Quarter	30 Sep 2026	September 2026	June 2026
Promoter %	34.17%	34.17%	34.17%

Holder	Type	Holding	Previous	Change
KRIYANSH GOLD PRIVATE LIMITED	Promoter Group	18.97%	18.97%	0.00%
VIVID MERCANTILE LIMITED	Public	18.68%	18.68%	0.00%
MAHENDRABHAI RAMNIKLAL SHAH	Promoter Group	11.43%	11.43%	0.00%
VEERAM VENDORS PRIVATE LIMITED	Public	11.08%	11.08%	0.00%
PRIHA GOLD ORNAMENTS PRIVATE LIMITED	Public	4.97%	4.97%	0.00%
VEERAM BARTER PRIVATE LIMITED	Public	3.66%	3.66%	0.00%
YASH BANSAL	Public	1.18%	1.18%	0.00%
ARUNABEN MAHENDRAKUMAR SHAH	Promoter	1.06%	1.06%	0.00%
SANJAYKUMAR RAMNIKLAL SHETH	Promoter Group	0.75%	0.75%	0.00%
RITESH MAHENDRABHAI SHETH	Promoter Group	0.65%	0.65%	0.00%
MAHENDRA R SHAH	Promoter	0.56%	0.56%	0.00%
SHETH SIDDHI MAHENDRA KUMAR	Promoter Group	0.47%	0.47%	0.00%
SHAH DARSHNA MAHENDRAKUMAR	Promoter Group	0.28%	0.28%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Titan Company Limited	4,21,698	4,750.00	73.21	38.40%	+45.05% TTM	+55.12% TTM	+24.58%
Kalyan Jewellers India Limited	54,736	530.00	38.14	27.40%	+45.75% TTM	+79.22% TTM	+1.38%
Lalithaa Jewellery Mart Limited	20,466	365.65	—	—	—	—	—
PC JEWELLER LIMITED	15,418	15.81	17.31	10.30%	+29.27% TTM	+45.80% TTM	+31.09%
Sky Gold And Diamonds Limited	14,375	928.15	35.45	36.00%	+73.01% TTM	+118.85% TTM	+158.54%
Thangamayil Jewellery Limited S	13,364	4,299.50	34.09	34.70%	+78.15% TTM	+113.25% TTM	+41.38%
BlueStone Jewellery and Lifestyle Limited	10,569	691.35	103.94	8.10%	—	—	-2.80%
P N GADGIL JEWELLERS LIMITED	8,562	581.65	17.56	30.50%	+50.66% TTM	+64.36% TTM	-12.63%
ETHOS LIMITED	7,328	2,738.80	69.28	8.40%	+30.42% TTM	+14.34% TTM	-7.78%
Timex Group India Ltd S	6,779	671.50	66.03	65.20%	+44.15% TTM	+83.08% TTM	+81.63%
Senco Gold Limited	5,100	311.15	8.93	33.80%	+41.91% TTM	+168.38% TTM	-6.79%
KDDL Ltd	4,758	3,868.80	31.67	10.40%	+32.48% TTM	+4.32% TTM	+52.02%
Goldiam International Ltd.	4,651	308.95	22.05	20.30%	+27.01% TTM	+63.93% TTM	+12.00%
D P ABHUSHAN LIMITED S	4,424	1,938.00	18.44	45.90%	+30.80% TTM	+93.38% TTM	+28.55%
Tribhovandas Bhimji Zaveri Limited	4,049	606.75	20.61	35.60%	+24.14% TTM	+110.34% TTM	+227.53%
SHRINGAR HOUSE OF MANGALSUTRA LIMITED S	2,809	291.25	23.21	23.30%	—	—	+26.52%
Vaibhav Global Ltd	2,690	160.30	9.64	15.30%	+9.61% TTM	+52.41% TTM	-41.53%
SHANTI GOLD INTERNATIONAL LIMITED	2,089	272.20	—	—	—	—	—
Deepa Jewellers Limited S	2,058	213.00	—	—	—	—	—
PNGS Reva Diamond Jewellery Limited S	2,008	633.40	21.13	18.60%	—	—	—
Khazanchi Jewellers Limited S	1,757	709.90	—	39.50%	—	—	+3.55%
Motisons Jewellers Limited S	1,702	14.96	25.36	18.00%	+10.73% TTM	+48.70% TTM	-8.78%
RENAISSANCE GLOBAL LIMITED	1,534	142.75	14.03	9.10%	+41.39% TTM	+68.44% TTM	+4.96%
Rajesh Exports Ltd. S	1,485	50.30	55.27	3.70%	+17.58% TTM	-3.03% TTM	-72.32%
Shankesh Jewellers Limited S	1,378	98.13	—	—	—	—	—
Darshan Orna Limited S	20	2.03	40.60	2.60%	—	—	-28.27%

Filings & corporate actions

Recent announcements

Change of Corporate Office of KFIN Technologies Limited (RTA)4 Nov 2026 · Company Update / General
Unaudited Financial Results for the Quarter and Half-Year ended Sep. 30, 2026.2 Nov 2026 · Result / Financial Results
Outcome of Board Meeting held on November 02, 2026 for Unaudited Financial Results for the Quarter and Half-Year ended September 30, 2026.2 Nov 2026 · Board Meeting / Outcome of Board Meeting
Darshan Orna Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/11/2026 ,inter alia, to consider and approve Unaudited Standalone Financial ....28 Oct 2026 · Board Meeting / Board Meeting
Intimation regarding Appointment of Company Secretary and Compliance Officer.21 Oct 2026 · Company Update / Change in Management
Intimation regarding Appointment of Company Secretary and Compliance Officer.21 Oct 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Outcome of Board Meeting held on today i.e., Wednesday October 21, 2026 to consider and approve the appointment of Company Secretary and compliance Officer of Company.21 Oct 2026 · Others / Outcome without intimation
Certificate under Regulation 74(5) of the SEBI (DP) Regulations, 2018 for the Quarter ended September 30, 202613 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Appointment of Secretarial Auditor of the Company by Members of the Company29 Sep 2026 · Company Update / Change in Management
Intimation of appointment of Statutory Auditor of the Company by Members of the Company29 Sep 2026 · Company Update / Appointment of Statutory Auditor/s
Scrutiniser''s Report and Results of the e-voting of 15th Annual General Meeting of the Company29 Sep 2026 · AGM/EGM / AGM
Proceedings of 15th Annual General Meeting of the Company25 Sep 2026 · AGM/EGM / AGM
Intimation of Closure of Trading Window under SEBI (PIT) REGULATIONS, 201525 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Newspaper publication under Regulation 30 and 47 of SEBI (LODR) Regulations, 20159 Sep 2026 · Company Update / Newspaper Publication
Intimation of Cut off date for E Voting in Upcoming AGM2 Sep 2026 · Corp. Action / Record Date
Attached please find Notice along with Annexures2 Sep 2026 · AGM/EGM / AGM
Annual Report for Financial year ended 2025-20262 Sep 2026 · Others / Reg. 34 (1) Annual Report
Intimation of Pre AGM Notice Dispatch Newspaper Publication2 Sep 2026 · Company Update / Newspaper Publication
Intimation of Appointment of M/s. P H Shah and Co as Statutory Auditor of the Company as attached1 Sep 2026 · Company Update / Appointment of Statutory Auditor/s
Intimation of resignation of M/s. Shah Karia and Associates as statutory auditor of the company as attached1 Sep 2026 · Company Update / Resignation of Statutory Auditors
Intimation regarding Appointment of SS Lunkad and Associates as of Secretarial Auditor of the company as attached1 Sep 2026 · Company Update / Change in Management
The Board of Directors of the Company has considered and approved various matters regarding Annual General Meeting and take note of change in Statutory Auditor and Secretarial Auditor as attached.1 Sep 2026 · Others / Outcome without intimation
Intimation of Resignation of Secretarial Auditor of the Company.1 Sep 2026 · Company Update / Change in Management
The Board of Director of the Company in their meeting held on today, 8th August, 2026 has considered and approved the unaudited financial result for the quarter ended 30th June, 2026 along ....8 Aug 2026 · Result / Financial Results
we wish to inform you that the Board of Directors of the Company in their meeting held today i.e. on Saturday, August 8, 2026 inter-alia considered and approved Unaudited Standalone Financial ....8 Aug 2026 · Board Meeting / Outcome of Board Meeting
Darshan Orna Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/08/2026 ,inter alia, to consider and approve 1. The Limited Review Report and ....5 Aug 2026 · Board Meeting / Board Meeting
Confirmation Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended June 30, 20264 Aug 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Resignation of Company Secretary and Compliance Officer of the Company24 Jul 2026 · Company Update / Change in Management
Intimation of Resignation of Mrs. Shivani Joshi from the position of Company Secretary and Compliance Officer Pursuant to Regulation 30 of SEBI LODR Regulations, 201524 Jul 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
The trading window for dealing in the shares of the company for all designated persons will be closed from July 01, 2026 untill the end of 48 hours after declaration of Unaudited Standalone ....25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
The Annual Secretarial Compliance Report under Regulation 24A of SEBI(LODR) Regulations, 2015 for the Financial Year ended 31st March 2026 is enclosed herewith.29 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Financial Result for March 31, 202628 May 2026 · Result / Financial Results
Approved Financial Result for 31st March 2026 as attached28 May 2026 · Board Meeting / Outcome of Board Meeting
Darshan Orna Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2026 ,inter alia, to consider and approve Standalone Audited Financial Results ....21 May 2026 · Board Meeting / Board Meeting
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''> <tr> <td>Sr. No.</td> <td>Particulars</td> ....3 Apr 2026 · Others / Format of the Annual Disclosure to be made by an entity identified as a LC : Annexure B2
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....3 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Please find the attached annual disclosure received from promoters for the year ended 31.03.20263 Apr 2026 · Company Update / General
In compliance with Regulation 74(5) of SEBI(DP) Regulations 2018, a copy of certificate received from RTA for the quarter ended March 31, 2026 is enclosed herewith.3 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The trading window shall remain close for all the designated persons for dealing in securities of the company w.e.f 01st April 2026 until the declaration of Audited Financial result for ....21 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Unaudited Financial Results for the Quarter and Nine months ended 31st December 202514 Feb 2026 · Result / Financial Results

Corporate actions

Purpose	Ex date	Record date	Payment date
Right Issue of Equity Shares	31 Oct 2025	31 Oct 2025	—

Board meetings

2 Nov 2026 Board Meeting - Financial Results
8 Aug 2026 Board Meeting - Financial Results