Darshan Orna Ltd

Darshan Orna Ltd

₹ 2.54 -0.39%
12 Mar 11:42 a.m.
About

Incorporated in 2011, Darshan Orna Ltd is in the business of gold, silver, and diamond ornaments.[1]

Key Points

Business Overview:[1]
DOL is engaged in the wholesale jewellery and trading distribution of gold and silver jewellery in both plain and studded with or without precious or semi-precious stones.

  • Market Cap 25.4 Cr.
  • Current Price 2.54
  • High / Low 7.65 / 2.30
  • Stock P/E 43.8
  • Book Value 2.02
  • Dividend Yield 0.00 %
  • ROCE 3.58 %
  • ROE 3.48 %
  • Face Value 2.00

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 34.2%
  • Company has a low return on equity of 0.85% over last 3 years.
  • Promoter holding has decreased over last 3 years: -10.6%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
4.52 2.30 1.72 3.33 10.97 4.85 8.42 2.47 2.40 8.40 14.78 6.31 25.07
4.46 2.79 1.69 3.11 10.88 5.44 8.26 2.23 2.26 9.11 14.50 5.95 24.98
Operating Profit 0.06 -0.49 0.03 0.22 0.09 -0.59 0.16 0.24 0.14 -0.71 0.28 0.36 0.09
OPM % 1.33% -21.30% 1.74% 6.61% 0.82% -12.16% 1.90% 9.72% 5.83% -8.45% 1.89% 5.71% 0.36%
0.06 0.02 0.08 1.09 0.29 1.97 0.00 0.04 0.00 0.78 0.00 0.00 0.00
Interest 0.01 0.01 0.01 0.01 0.02 0.00 0.02 0.02 0.01 0.02 0.02 0.02 -0.03
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.11 -0.48 0.10 1.30 0.36 1.38 0.14 0.26 0.13 0.05 0.26 0.34 0.12
Tax % 27.27% -16.67% 20.00% 25.38% 5.56% 5.80% 21.43% 15.38% 15.38% 20.00% 19.23% 29.41% 25.00%
0.08 -0.40 0.08 0.97 0.34 1.30 0.10 0.22 0.11 0.04 0.21 0.24 0.09
EPS in Rs 0.01 -0.04 0.01 0.10 0.03 0.13 0.01 0.02 0.01 0.00 0.02 0.02 0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1.20 8.23 15.30 11.72 39.69 9.26 18.14 6.02 13.10 13.82 20.87 21.69 54.56
1.20 8.20 15.33 11.64 39.16 9.04 19.79 6.03 13.00 13.87 21.13 21.63 54.54
Operating Profit 0.00 0.03 -0.03 0.08 0.53 0.22 -1.65 -0.01 0.10 -0.05 -0.26 0.06 0.02
OPM % 0.00% 0.36% -0.20% 0.68% 1.34% 2.38% -9.10% -0.17% 0.76% -0.36% -1.25% 0.28% 0.04%
0.00 0.00 0.04 0.04 -0.26 0.00 -0.01 2.06 0.83 0.18 3.44 0.57 0.78
Interest 0.00 0.00 0.00 0.01 0.01 0.00 0.02 0.05 0.05 0.05 0.05 0.06 0.03
Depreciation 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.00 0.03 0.00 0.10 0.26 0.22 -1.68 2.00 0.88 0.08 3.13 0.57 0.77
Tax % 0.00% 30.00% 57.69% 27.27% 0.00% 8.00% 10.23% 25.00% 14.38% 17.54%
0.00 0.02 0.00 0.07 0.10 0.15 -1.68 1.84 0.79 0.06 2.67 0.47 0.58
EPS in Rs 0.00 0.02 0.00 0.01 0.01 0.02 -0.17 0.18 0.08 0.01 0.27 0.05 0.05
Dividend Payout % 0.00% 0.00% 119.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 10%
5 Years: 4%
3 Years: 18%
TTM: 201%
Compounded Profit Growth
10 Years: 42%
5 Years: 19%
3 Years: 138%
TTM: -66%
Stock Price CAGR
10 Years: %
5 Years: -16%
3 Years: -27%
1 Year: -59%
Return on Equity
10 Years: -1%
5 Years: 1%
3 Years: 1%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.05 0.52 3.51 4.76 4.76 10.01 10.01 10.01 10.01 10.01 10.01 10.01 10.01
Reserves 0.24 2.89 0.62 7.00 7.12 2.18 0.17 2.09 3.03 3.05 8.91 9.62 10.22
0.10 0.00 0.25 0.01 0.35 0.00 0.00 0.00 0.00 0.00 3.69 6.31 4.80
0.02 0.17 0.88 0.34 0.61 0.78 2.90 0.23 0.30 0.35 1.97 1.17 0.98
Total Liabilities 0.41 3.58 5.26 12.11 12.84 12.97 13.08 12.33 13.34 13.41 24.58 27.11 26.01
0.00 0.03 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.73 4.73 4.99 3.13 1.54 1.92 1.63 5.71 4.71 4.56
0.41 3.55 5.24 11.36 8.09 7.97 9.94 10.78 11.41 11.77 18.86 22.40 21.45
Total Assets 0.41 3.58 5.26 12.11 12.84 12.97 13.08 12.33 13.34 13.41 24.58 27.11 26.01

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.06 -2.87 -0.24 -6.73 4.08 0.02 -1.46 -3.99 -0.92 0.27 -2.72 -1.54
0.00 -0.03 0.00 -0.94 -4.00 -0.26 1.85 3.60 0.52 -0.11 2.90 1.81
0.00 3.33 0.00 7.54 0.00 0.15 -0.18 0.08 0.10 0.00 -0.05 0.18
Net Cash Flow 0.06 0.42 -0.24 -0.13 0.08 -0.09 0.21 -0.31 -0.31 0.16 0.13 0.45

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 6.08 90.92 82.30 190.91 53.43 134.02 101.01 32.74 8.64 62.07 0.00 43.25
Inventory Days 88.78 42.81 24.27 153.74 17.62 176.24 78.09 625.62 315.84 251.56 322.45 320.93
Days Payable 3.29 0.45 0.24 4.88 2.34 27.56 51.13 5.00 6.00 6.17 2.64 3.93
Cash Conversion Cycle 91.58 133.28 106.33 339.77 68.71 282.69 127.97 653.37 318.47 307.46 319.81 360.25
Working Capital Days 54.75 126.40 83.26 338.22 63.45 277.10 134.41 636.63 316.80 303.99 236.45 248.55
ROCE % 0.00% 1.58% 0.00% 1.36% 4.58% 1.80% -14.75% -0.09% 0.88% 1.00% -1.46% 3.58%

Insights

In beta
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Trade Receivable Turnover Ratio
Times

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Number of Permanent Employees
Number
Number of Clients/Customer Portfolio
Number
Number of Showrooms/Offices
Number
Customer Concentration (Top 5 Customers)
%
Product Mix - Indo-western Jewellery
%
Product Mix - Modern Jewellery
%
Product Mix - Traditional Jewellery
%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
44.72% 44.72% 44.37% 44.37% 44.37% 42.43% 41.69% 30.40% 30.40% 30.40% 30.40% 34.17%
55.27% 55.27% 55.62% 55.63% 55.63% 57.58% 58.31% 69.60% 69.60% 69.60% 69.59% 65.84%
No. of Shareholders 11,60911,22711,03911,70414,95616,72219,37923,66625,43725,17924,35723,833

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