Debut Plus

₹2.22

▼ -0.03 -1.33%

18 Jul 2026

BSE Listed

Darshan Orna Limited (539884)

Volume: 13,792Avg Vol 1W: 18,207Avg Vol 1M: 29,08252W Range:₹2.03₹3.61
BSE www.darshanorna.co.in
Key Ratios
Checked just now
Market Cap₹22 Cr
Current Price₹2.22
Previous Close₹2.25
High / Low (52w)₹3.61 / ₹2.03
Volume13,792
Avg Vol (1W)18,207
Avg Vol (1M)29,082
Stock P/E37
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/B0.63
Debt / Equity0.26
50 DMA₹2.31
200 DMA₹2.62
Day change-1.33%
Price Chart
₹2.22▼ 16.23% · 1Y
₹3₹232.9L
2025-07-17
2026-07-17

20-day avg volume: 26K shares

Pros
  • Healthy return on equity of 294.9%.
  • Company is almost debt-free.
  • Stock trades below its book value.
Quarterly Results
MetricMar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 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)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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
EPS0.220.15-1.681.840.790.010.530.09
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 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 2026-03-31

Promoter34.2%
FII0%
DII0%
Institutions0%
Public65.8%
Promoter Pledge0%
No. of Shareholders23,155
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Nov 2025Dec 2025Mar 2026
Promoters44.4%44.4%44.4%42.4%41.7%30.4%30.4%30.4%30.4%34.2%34.2%34.2%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public55.6%55.6%55.6%57.6%58.3%69.6%69.6%69.6%69.6%65.8%65.8%65.8%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders11,03911,70414,95616,72219,37923,66625,43725,17924,35724,36123,83323,155
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Kriyansh Gold Private LimitedShareholding of Promoter and Promoter Group19%1.90 Cr
Vivid Mercantile LimitedPublic Shareholding18.5%1.85 Cr
Mahendrabhai Ramniklal ShahShareholding of Promoter and Promoter Group11.4%1.14 Cr
Veeram Vendors Private LimitedPublic Shareholding11.1%1.11 Cr
Priha Gold Ornaments Private LimitedPublic Shareholding5%49,71,184
Veeram Barter Private LimitedPublic Shareholding3.7%36,59,719
Yash BansalPublic Shareholding1.2%11,85,120
Arunaben Mahendrakumar ShahShareholding of Promoter and Promoter Group1.1%10,63,200
Sanjaykumar Ramniklal ShethShareholding of Promoter and Promoter Group0.8%7,48,612
Ritesh Mahendrabhai ShethShareholding of Promoter and Promoter Group0.7%6,47,285
Mahendra R ShahShareholding of Promoter and Promoter Group0.6%5,61,775
Sheth Siddhi Mahendra KumarShareholding of Promoter and Promoter Group0.5%4,66,625
Shah Darshna MahendrakumarShareholding of Promoter and Promoter Group0.3%2,83,515
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Ritesh Mahendrabhai Sheth00%2026-03-31
Mahendra R Shah00%2026-03-31
Mahendrabhai Ramniklal Shah00%2026-03-31
Arunaben Mahendrakumar Shah00%2026-03-31
Sanjaykumar Ramniklal Sheth00%2026-03-31
Shah Darshna Mahendrakumar00%2026-03-31
Sheth Siddhi Mahendra Kumar00%2026-03-31
Kriyansh Gold Private Limited00%2026-03-31
Yash Bansal00%2026-03-31
Vivid Mercantile Limited00%2026-03-31
Veeram Vendors Private Limited00%2026-03-31
Veeram Barter Private Limited00%2026-03-31
Board of Directors
NameDesignationYear
M B ChunaraChairman & Independent Directo2025
Ritesh M ShethExecutive Director / Managing Director / CFO2025
M R ShahExecutive Director2025
Arunaben M ShahNon-Exec & Non-Independent Dir2025
Dinesh HiranIndependent Non Exe. Director2025
Shivani JoshiCompany Sec. & Compli. Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10101010
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2024000303
2024000303
2024000000
Substantial Acquisitions (SAST)

5 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
Market11/12/2024 - 13/12/2024 · 3,60,000
Company Information
Incorporated2011
ChairmanM B Chunara
AuditorAniket Goyal & Associates/Shah Karia & Associates
Investor Email[email protected]
🌐 www.darshanorna.co.in ↗

📍 102 1st Flr Shree Balaji Parag, Near Circle-P C G Road, Ahmedabad, Gujarat, 380009

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