Darshan Orna Limited

BSE: DARSHANORNA · Gems, Jewellery And Watches · sector

₹2.02BSE close 2026-10-26

Key numbers

Market cap₹10 cr

Price₹2.02

52w high / low₹4 / ₹2

P/E25.2xSector median 16.4x

P/B0.3xSector median 1.9x

Book value₹7.4

Dividend yield–Sector median 0.46%

ROE1.8%Sector median 14.7%

ROCE2.1%Sector median 15.0%

OPM1.1%Sector median 6.6%

Debt / equity0.03xSector median 0.26x

EV/EBITDA13.0xSector median 15.4x

Interest cover10.6x

Current ratio7.17x

Sales growth 3y+72.9%Sector median +25.6%

Profit growth 3y+121.3%Sector median +26.1%

PEG–

Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 82 companies in Gems, Jewellery And Watches (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹1 cr vs borrowings ₹1 cr (FY26): borrowings are higher by ₹0 cr.
Operating profit covered interest 10.6x in the last 12 months.
Other income was 2% of net profit in the last 12 months.
No dividend in the last 5 financial years.
Price ₹2.02 on 2026-10-26: -44.0% from the 52-week high, +3.6% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹6.43 · low ₹2.02

Quarterly results

₹ cr	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	8	15	6	25	25	12
EBITDA	-1	0	0	0	0	0
OPM %	-8.5%	1.9%	5.7%	0.4%	0.9%	0.6%
Other income	1	0	0	0	0	0
Net profit	0	0	0	0	0	0
EPS (₹)	0.01	0.04	0.05	0.01	0.01	0.01
Revenue YoY					+201.4%	-15.6%
Profit YoY					+175.0%	-76.2%

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	13	14	21	22	71	69
EBITDA	0	-0	-0	-0	1	1
Net profit	1	0	3	0	1	0
EPS (₹)	0.79	-0.40	0.53	0.09	0.07	0.08
Revenue growth		+5.5%	+51.0%	+3.9%	+229.6%	–
Profit growth		-92.4%	+4,350.0%	-82.4%	+38.3%	–
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	+72.9%	–	–
Net profit	+121.3%	–	–
EPS	–	–	–
Share price	–	-30.9% (2y)	-24.2%

Balance sheet

₹ cr	FY25	FY26
Shareholders' equity	20	35
Borrowings	6	1
Cash & equivalents	0	1
Total assets	27	41
Fixed assets	0	0
Capital work in progress	0	–
Investments	5	5
Receivables	3	14
Inventory	19	17
Payables	0	3

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY25	FY26
Cash from operations	-2	-14
Cash from investing	2	-0
Cash from financing	0	15
Capex	0	0
Free cash flow	-2	-15

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY25	FY26
ROE %	2.4%	1.8%
ROCE %	2.4%	2.6%
Debtor days	43	71
Inventory days	321	89
Payable days	4	17
Cash conversion cycle (days)	360	143
Working capital days	257	157

Peers in Gems, Jewellery And Watches

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
TITAN	₹3,83,796 cr	66.9x	24.4x	42.2%	33.3%	10.1%	+29.2%	0.25%
KALYANKJIL	₹52,133 cr	36.3x	8.3x	25.8%	34.4%	6.6%	+36.4%	0.30%
LALITHAA	₹17,374 cr	–	–	–	–	–	–	–
PCJEWELLER	₹16,193 cr	16.0x	1.7x	10.8%	10.3%	24.5%	+10.7%	–
SKYGOLD	₹14,535 cr	43.3x	12.1x	35.6%	26.4%	7.2%	+76.0%	–
THANGAMAYL	₹14,404 cr	36.8x	10.2x	31.1%	26.3%	6.4%	+39.2%	0.27%
BLUESTONE	₹11,583 cr	110.7x	6.3x	6.0%	11.9%	17.0%	–	–
PNGJL	₹7,558 cr	17.0x	3.9x	25.4%	19.9%	5.8%	–	–
ETHOSLTD	₹6,486 cr	62.2x	4.4x	8.4%	12.0%	12.8%	+26.9%	–
DARSHANORNA	₹10 cr	25.2x	0.3x	1.8%	2.1%	1.1%	+72.9%	–

All 82 companies in Gems, Jewellery And Watches →

Dividends & corporate actions

Ex-date	Action	Detail
2018-08-20	Dividend	Final Dividend Rs 0.25

Documents

Links go to the original files on the exchange website.

About the company


Sector	Consumer Discretionary
Industry	Gems, Jewellery And Watches
Sub-industry	Gems, Jewellery And Watches
Symbol	DARSHANORNA
BSE code	539884
ISIN	INE671T01028
Face value	₹2.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.