Darshan Orna Limited

BSE: DARSHANORNA539884ISIN INE671T01028

Consumer Discretionary
Gems, Jewellery And Watches

BSE listing

Share price

₹2.15-0.01 (-0.46%)

as of 18 Sep 2026

52W high: ₹3.61
52W low: ₹2.03
Off 52W high: -40.44%
1M return: -0.46%
3M return: -10.79%
6M return: -12.96%
1Y return: -18.25%
20D avg volume: 34,418
50 DMA: ₹2.20
200 DMA: ₹2.50

Key ratios Standalone

Market cap: ₹21.51 Cr
Current price: ₹2.15
52W high / low: ₹3.61 / ₹2.03
Face value: ₹2.00
P/E: 43.00
P/B: 1.10
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	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	12.47	25.32	25.07	6.31	14.78	8.40	—
	0.00	0.01	0.00	0.00	0.00	0.78	—
	12.41	25.16	24.95	5.98	14.52	9.13	—
	10.75	25.31	34.41	2.11	6.25	6.95	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.00	0.12	0.00	0.03	0.00	0.04	—
	0.02	0.06	-0.03	0.02	0.02	0.02	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.01	0.12	0.23	0.00	0.21	0.08	—
	0.06	0.16	0.12	0.34	0.26	0.05	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.06	0.16	0.12	0.34	0.26	0.05	—
	0.01	0.05	0.03	0.10	0.05	0.01	—
	0.05	0.11	0.09	0.24	0.21	0.04	—
	0.01	0.01	0.01	0.05	0.04	0.01	—
Key metrics
	0.08	0.22	0.09	0.36	0.28	0.07	—
	0.60%	0.90%	0.40%	5.70%	1.90%	0.80%	—
	0.40%	0.40%	0.40%	3.80%	1.40%	0.50%	—
	—	0.60%	—	1.80%	—	0.40%	—
	-15.60%	201.40%	—	—	—	—	—
	-76.20%	175.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	69.17	71.49	21.69	—
	0.01	0.01	0.81	—
	68.50	70.61	21.93	—
	72.58	68.09	21.82	—
	0.00	0.00	0.00	—
	0.15	0.16	0.06	—
	0.07	0.06	0.06	—
	0.00	0.00	0.00	—
	0.36	0.56	0.44	—
	0.68	0.88	0.57	—
	0.00	0.00	0.00	—
	0.68	0.88	0.57	—
	0.19	0.23	0.10	—
	0.49	0.65	0.47	—
	0.08	0.07	0.09	—
Key metrics
	0.75	0.94	0.63	—
	1.08%	1.30%	2.90%	—
	0.71%	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: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
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 Jun 2026

Promoter holding: 34.17%

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

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

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
Declaration of Unaudited financial results for 31.12.202514 Feb 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 14/02/2026 ,inter alia, to consider and approve 1. To consider and approve the ....7 Feb 2026 · Board Meeting / Board Meeting
In compliance with Regulation 74(5) of SEBI (DP) Regulations 2018, we hereby submit the certificate received from RTA for the quarter ended December 31, 2025.6 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The trading window for dealing in the shares of the company Darshan Orna Limited for all Directors, KMP, designated employees, other connected persons and their immediate relatives will ....29 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Veeram Barter Pvt Ltd10 Dec 2025 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Veeram Barter Pvt Ltd1 Dec 2025 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Veeram Vendors Pvt Ltd1 Dec 2025 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vivid Mercantile Ltd1 Dec 2025 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kriyansh Gold Pvt Ltd28 Nov 2025 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The company has received the trading approval for shares issued on Rights basis.28 Nov 2025 · Company Update / General
Intimation of Listing Approval received from BSE for 50029335 fully paid up equity shares on Right Basis.26 Nov 2025 · Company Update / General
Newspaper publication for Allotment of shares on Right basis.26 Nov 2025 · Company Update / Newspaper Publication
Intimation of allotment of equity shares on Rights basis.25 Nov 2025 · Company Update / Allotment of Equity Shares

Corporate actions

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

Board meetings

8 Aug 2026 Board Meeting - Financial Results