IPO Plus

₹2.03

▲ +0.01 +0.50%

As of 27 Oct 2026 · delayed

BSE Listed

Darshan Orna Limited (539884)

Volume: 4,431Avg Vol 1W: 57,614Avg Vol 1M: 30,52552W Range:₹1.95₹3.61
BSE www.darshanorna.co.in AI Report
Key Ratios
Checked 9h ago
Market Cap₹20 Cr
Current Price₹2.03
Previous Close₹2.02
High / Low (52w)₹3.61 / ₹1.95
Volume4,431
Avg Vol (1W)57,614
Avg Vol (1M)30,525
Stock P/E40.6
Book Value₹3.53
Dividend Yield0%
ROE294.94%
ROA188.39%
Revenue (TTM)—
Revenue Growth—
Profit Margin70.84%
Total Debt—
Shares Outstanding10 Cr
Face Value—
EPS (TTM)₹0.05
P/B0.58
Debt / Equity0.1
50 DMA₹2.14
200 DMA₹2.38
Day change+0.50%
Price Chart
₹2.03▼ 23.11% · 1Y
₹3₹232.9L
2025-10-27
2026-10-27

20-day avg volume: 27K shares

Pros
  • Healthy return on equity of 294.9%.
  • Company is almost debt-free.
  • Revenue grew 218% YoY.
  • Net profit is growing year over year.
  • Stock trades below its book value.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹2 Cr₹2 Cr₹8 Cr₹15 Cr₹6 Cr₹25 Cr₹25 Cr₹12 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹9 Cr₹18 Cr₹8 Cr₹14 Cr₹14 Cr₹24 Cr₹23 Cr₹71 Cr
EBITDA₹0 Cr₹-2 Cr₹2 Cr₹1 Cr₹0 Cr₹3 Cr₹1 Cr₹1 Cr
Net Profit₹0 Cr₹-2 Cr₹2 Cr₹1 Cr₹0 Cr₹3 Cr₹0 Cr₹1 Cr
EPS0.15-1.681.840.790.010.530.090.07
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹13 Cr₹13 Cr₹12 Cr₹13 Cr₹13 Cr₹25 Cr₹27 Cr₹41 Cr
Total Liabilities₹1 Cr₹3 Cr₹0 Cr₹0 Cr₹0 Cr₹6 Cr₹7 Cr₹5 Cr
Equity₹12 Cr₹10 Cr₹12 Cr₹13 Cr₹13 Cr₹19 Cr₹20 Cr₹35 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-4 Cr₹0 Cr₹0 Cr₹12 Cr₹-1 Cr₹-14 Cr
Investing₹4 Cr₹1 Cr₹0 Cr₹8 Cr₹2 Cr₹0 Cr
Financing₹0 Cr₹0 Cr₹0 Cr₹-19 Cr₹0 Cr₹15 Cr
Free Cash Flow₹-4 Cr₹0 Cr₹0 Cr₹12 Cr₹-1 Cr₹-14 Cr
Shareholding
Promoter 34.17% Institutions 0% Public 65.83%
Efficiency & Working Capital
ROCE3.3%
Interest Coverage17.2
Dividend Payout—
Debtor Days71 d
Inventory Days87 d
Payable Days17 d
Cash Conversion Cycle142 d
Working Capital Days158 d
Shareholding Details

As of 2026-09-30

Promoter34.2%
FII0%
DII0%
Institutions0%
Public65.8%
Promoter Pledge0%
No. of Shareholders22,278
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodMar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Nov 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters44.4%42.4%41.7%30.4%30.4%30.4%30.4%34.2%34.2%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%57.6%58.3%69.6%69.6%69.6%69.6%65.8%65.8%65.8%65.8%65.8%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders14,95616,72219,37923,66625,43725,17924,35724,36123,83323,15522,76122,278
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Kriyansh Gold Private LimitedShareholding of Promoter and Promoter Group19%1.90 Cr
Vivid Mercantile LimitedPublic Shareholding18.7%1.87 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
Board of Directors
NameDesignationYear
M B ChunaraChairman & Independent Directo2026
Ritesh M ShethExecutive Director / Managing Director / CFO2026
M R ShahExecutive Director2026
Arunaben M ShahNon-Exec & Non-Independent Dir2026
Dinesh HiranIndependent Non Exe. Director2026
Heena Arvind RawalCompany Secretary / Compliance Officer2026
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹2202020
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-08Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2024000303
2024000303
2024000000
Insider / Designated-Person Trades

1 recent disclosure(s)

Kriyansh Gold Private LimitedAcquisition · 1,85,75,000
Substantial Acquisitions (SAST)

3 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
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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