₹2.17
▼ -0.02 -0.91%
29 Jul 2026
BSE Listed
Darshan Orna Limited (539884)
Volume: 1,215Avg Vol 1W: 12,147Avg Vol 1M: 19,38552W Range:₹2.03₹3.61
Key Ratios
Checked 4h agoMarket Cap₹22 Cr
Current Price₹2.17
Previous Close₹2.19
High / Low (52w)₹3.61 / ₹2.03
Volume1,215
Avg Vol (1W)12,147
Avg Vol (1M)19,385
Stock P/E36
Book Value₹3.52
Dividend Yield0%
ROE294.94%
ROA222.99%
Revenue (TTM)—
Revenue Growth—
Profit Margin106.3%
Total Debt—
Shares Outstanding10 Cr
Face Value—
EPS (TTM)₹0.06
P/B0.61
Debt / Equity0.26
50 DMA₹2.29
200 DMA₹2.61
Day change-0.91%
Price Chart
₹2.17▼ 19.93% · 1Y
2025-07-292026-07-29
20-day avg volume: 16K shares
Pros
- Healthy return on equity of 294.9%.
- Company is almost debt-free.
- Stock trades below its book value.
Quarterly Results
| Metric | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹5 Cr | ₹8 Cr | ₹2 Cr | ₹2 Cr | ₹8 Cr | ₹15 Cr | ₹6 Cr | ₹25 Cr |
| EBITDA | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net Profit | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹40 Cr | ₹9 Cr | ₹18 Cr | ₹8 Cr | ₹14 Cr | ₹14 Cr | ₹24 Cr | ₹23 Cr |
| EBITDA | ₹1 Cr | ₹0 Cr | ₹-2 Cr | ₹2 Cr | ₹1 Cr | ₹0 Cr | ₹3 Cr | ₹1 Cr |
| Net Profit | ₹0 Cr | ₹0 Cr | ₹-2 Cr | ₹2 Cr | ₹1 Cr | ₹0 Cr | ₹3 Cr | ₹0 Cr |
| EPS | 0.22 | 0.15 | -1.68 | 1.84 | 0.79 | 0.01 | 0.53 | 0.09 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹12 Cr | ₹13 Cr | ₹13 Cr | ₹25 Cr | ₹27 Cr |
| Total Liabilities | ₹1 Cr | ₹1 Cr | ₹3 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹6 Cr | ₹7 Cr |
| Equity | ₹12 Cr | ₹12 Cr | ₹10 Cr | ₹12 Cr | ₹13 Cr | ₹13 Cr | ₹19 Cr | ₹20 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating | ₹-4 Cr | ₹0 Cr | ₹0 Cr | ₹12 Cr | ₹-1 Cr |
| Investing | ₹4 Cr | ₹1 Cr | ₹0 Cr | ₹8 Cr | ₹2 Cr |
| Financing | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹-19 Cr | ₹0 Cr |
| Free Cash Flow | ₹-4 Cr | ₹0 Cr | ₹0 Cr | ₹12 Cr | ₹-1 Cr |
Shareholding
Promoter 34.17% Institutions 0% Public 65.83%
Efficiency & Working Capital
ROCE3.3%
Interest Coverage14.5
Dividend Payout—
Debtor Days43 d
Inventory Days316 d
Payable Days4 d
Cash Conversion Cycle356 d
Working Capital Days359 d
Shareholding Details
As of 2026-06-30
Promoter34.2%
FII0%
DII0%
Institutions0%
Public65.8%
Promoter Pledge0%
No. of Shareholders22,778
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Nov 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 44.4% | 44.4% | 42.4% | 41.7% | 30.4% | 30.4% | 30.4% | 30.4% | 34.2% | 34.2% | 34.2% | 34.2% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 55.6% | 55.6% | 57.6% | 58.3% | 69.6% | 69.6% | 69.6% | 69.6% | 65.8% | 65.8% | 65.8% | 65.8% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 11,704 | 14,956 | 16,722 | 19,379 | 23,666 | 25,437 | 25,179 | 24,357 | 24,361 | 23,833 | 23,155 | 22,778 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Kriyansh Gold Private Limited | Shareholding of Promoter and Promoter Group | 19% | 1.90 Cr |
| Vivid Mercantile Limited | Public Shareholding | 18.7% | 1.87 Cr |
| Mahendrabhai Ramniklal Shah | Shareholding of Promoter and Promoter Group | 11.4% | 1.14 Cr |
| Veeram Vendors Private Limited | Public Shareholding | 11.1% | 1.11 Cr |
| Priha Gold Ornaments Private Limited | Public Shareholding | 5% | 49,71,184 |
| Veeram Barter Private Limited | Public Shareholding | 3.7% | 36,59,719 |
| Yash Bansal | Public Shareholding | 1.2% | 11,85,120 |
| Arunaben Mahendrakumar Shah | Shareholding of Promoter and Promoter Group | 1.1% | 10,63,200 |
| Sanjaykumar Ramniklal Sheth | Shareholding of Promoter and Promoter Group | 0.8% | 7,48,612 |
| Ritesh Mahendrabhai Sheth | Shareholding of Promoter and Promoter Group | 0.7% | 6,47,285 |
| Mahendra R Shah | Shareholding of Promoter and Promoter Group | 0.6% | 5,61,775 |
| Sheth Siddhi Mahendra Kumar | Shareholding of Promoter and Promoter Group | 0.5% | 4,66,625 |
| Shah Darshna Mahendrakumar | Shareholding of Promoter and Promoter Group | 0.3% | 2,83,515 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| M B Chunara | Chairman & Independent Directo | 2025 |
| Ritesh M Sheth | Executive Director / Managing Director / CFO | 2025 |
| M R Shah | Executive Director | 2025 |
| Arunaben M Shah | Non-Exec & Non-Independent Dir | 2025 |
| Dinesh Hiran | Independent Non Exe. Director | 2025 |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 10 | 10 | 10 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2024 | 0 | 0 | 0 | 3 | 0 | 3 |
| 2024 | 0 | 0 | 0 | 3 | 0 | 3 |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 |
Insider / Designated-Person Trades
1 recent disclosure(s)
Kriyansh Gold Private LimitedAcquisition · 1,85,75,000
Substantial Acquisitions (SAST)
4 disclosure(s)
Rights Issue27/11/2025 · 80,00,000
Market21/11/2025 - 28/11/2025 · 10,05,843
Rights Issue27/11/2025 · 1,85,75,000
Market28/07/2025 - 29/07/2025 · 3,05,065
Company Information
Incorporated2011
ChairmanM B Chunara
AuditorAniket Goyal & Associates/Shah Karia & Associates
Investor Email[email protected]
📍 102 1st Flr Shree Balaji Parag, Near Circle-P C G Road, Ahmedabad, Gujarat, 380009
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