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HomeStocksGems, Jewellery And WatchesDarshan Orna Ltd

Darshan Orna Ltd Stock Price Today (NSE: DARSHANORNA)

Darshan Orna Ltd

DARSHANORNAGems, Jewellery And Watches
₹2.42₹0.05 (1.95%)↓
As on 30 Mar 2026, 12:04 pm ISTMarket Closed

Fundamental Score

...

Darshan Orna Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Darshan Orna Ltd share price today is ₹2.42, down 1.95% on NSE/BSE as of 30 March 2026. Darshan Orna Ltd (DARSHANORNA) is a Small-cap company in the Gems, Jewellery And Watches sector with a market capitalisation of ₹28.42 (Cr). The 52-week high for DARSHANORNA share price is ₹3.61 and the 52-week low is ₹2.21. At a P/E ratio of 47.36x, DARSHANORNA is currently trading above its industry average P/E of 28.63x. The company has a Return on Equity (ROE) of 3.48% and a debt-to-equity ratio of 0.24.

Darshan Orna Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
₹0.00
Low
₹0.00
Volume
0
Change
-1.95%

Returns & Performance

Poor

ROE

3.48%
Poor

ROCE

3.58%
Poor

OPM (5Y)

-0.21%

Div Yield

0.00%

Darshan Orna Ltd Valuation Check

Poor

P/E Ratio

47.36x
Poor

Industry P/E

28.63x
Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Market Cap

28.42 (Cr)

Growth Engine

Poor

Profit Growth (Q)

9.09%
Excellent

Sales Growth (Q)

155.47%
Poor

Sales Growth (5Y)

3.64%
Excellent

EPS Growth (5Y)

19.14%
Excellent

Profit Growth (5Y)

19.15%

Balance Sheet Health

Excellent

Debt to Equity

0.24x
Excellent

Int. Coverage

12.14x

Free Cash Flow (5Y)

5.39 (Cr)

Shareholding

Excellent

Promoter

34.16%
Poor

FII

0.00%
Poor

DII

0.00%
Excellent

Pledged

0.00%

Institutional Deep-Dive

Bull Run Research Hub

Darshan Orna Share Price: A ROCE Efficiency Analysis

The Gems, Jewellery, and Watches sector, while perceived as glittering and resilient, often hides operational inefficiencies. A critical indicator of this is Return on Capital Employed (ROCE). This analysis examines the current Darshan Orna share price of ₹2.5899999141693115 and its efficiency in generating returns from capital. With a P/E ratio of 47.36, the market seemingly anticipates future growth, but the ROCE of 3.58% warrants a closer look. This financial health check is part of a larger 80-parameter fundamental audit verified by Sweta Mishra.

A ROCE of 3.58% suggests that Darshan Orna Ltd is currently not efficiently deploying its capital to generate profits. This figure is relatively low compared to the sector average and raises concerns about the company's operational effectiveness. Comparing Darshan Orna Ltd to peers highlights this further. Consider Veerkrupa Jewellers Ltd, for instance. While a direct comparison of management quality requires deeper qualitative assessment, persistently low ROCE, like that of Darshan Orna, can indirectly suggest areas where management's operational expertise may need improvement, particularly when contrasted against competitors demonstrating superior capital allocation.

The low ROCE also significantly impacts the company's competitive "moat." A strong moat, or sustainable competitive advantage, is typically built on factors like brand strength, cost leadership, or technological superiority. In this case, the low ROCE indicates that Darshan Orna Ltd is finding it difficult to translate its assets into profitable returns, thus weakening its ability to defend market share or expand operations effectively. A higher ROCE would enable the company to reinvest more aggressively in growth initiatives, creating a virtuous cycle of profitability and expansion.

Ultimately, the combination of a high P/E ratio and a low ROCE presents a complex picture. While the market may be optimistic about the company's future prospects, the current ROCE necessitates careful monitoring. Improvements in operational efficiency and capital allocation will be crucial for Darshan Orna Ltd to justify its valuation and build a more sustainable business model. This analysis is purely observational and does not constitute investment advice.

SM
Analysis by Sweta Mishra
SEBI Registered Research Analyst

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Darshan Orna Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of DARSHANORNA across key market metrics for learning purposes.

Positive Indicators

6 factors identified

Strong Revenue Growth (155.47%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Excellent EPS Growth (19.14% CAGR)

Observation: Outstanding 5-year earnings per share compound growth.

Analysis: EPS CAGR >15% indicates strong wealth creation potential.

Strong Profit Growth Track Record (19.15% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Conservative Debt Levels (D/E: 0.24)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Strong Interest Coverage (12.14x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

6 factors identified

Below-Average Return on Equity (3.48%)

Observation: Returns on equity are below industry benchmarks.

Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.

Suboptimal ROCE (3.58%)

Observation: Returns on capital employed are below expectations.

Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.

Margin Pressure Concerns (-0.21%)

Observation: Operating margins are below industry standards.

Analysis: OPM <5% may indicate pricing pressures or cost management challenges.

Premium Valuation Risk (P/E: 47.36x)

Observation: High valuation multiples may limit upside potential.

Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.

Limited Growth History (3.64% CAGR)

Observation: Below-average 5-year sales growth trajectory.

Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

Darshan Orna Ltd Financial Statements

Comprehensive financial data for Darshan Orna Ltd including income statement, balance sheet and cash flow

About DARSHANORNA (Darshan Orna Ltd)

Darshan Orna Ltd is a purveyor of exquisite adornments, specializing in the wholesale and trading of meticulously crafted gold and silver jewelry within the vibrant Indian market. ...Rooted in a legacy of artistry and precision, the company serves as a vital link between skilled artisans and discerning retailers, offering a diverse and captivating collection that embodies both tradition and contemporary elegance. Darshan Orna acts as a curator of cultural heritage, breathing life into precious metals and transforming them into wearable works of art that resonate with the spirit of India. With an unwavering commitment to quality and innovation, the company strives to enrich the jewelry landscape, providing its partners with an exceptional selection to meet the ever-evolving tastes of their customers. The company's extensive portfolio encompasses a symphony of styles, meticulously designed to cater to a wide spectrum of preferences and occasions. From the timeless allure of traditional designs, infused with intricate details and cultural significance, to the captivating fusion of Indo-western aesthetics that bridge the gap between heritage and modernity, Darshan Orna offers a treasure trove of options. The collection features an array of meticulously crafted pieces, including delicate chains, elegant rings, enchanting ear chains, dazzling earrings, graceful bracelets, charming anklets, ornate zudas, resplendent bangles, delightful toe rings, and captivating necklaces. Each piece reflects the passion and expertise of the artisans, ensuring a seamless blend of aesthetic appeal and enduring value, thus providing retailers with a comprehensive offering to satisfy a diverse clientele. Established in 2011 and headquartered in the bustling city of Ahmedabad, India, Darshan Orna Ltd stands as a testament to entrepreneurial vision and unwavering dedication to the art of jewelry. The company's presence in the heart of India's cultural and economic landscape allows it to stay attuned to the evolving trends and preferences of the market, thus ensuring that its offerings remain relevant and desirable. With a foundation built on trust, integrity, and a profound appreciation for the beauty of precious metals, Darshan Orna continues to forge lasting partnerships with retailers across the country. It aims to deliver exceptional value and contribute to the enduring legacy of Indian jewelry craftsmanship.

Company Details

Symbol:DARSHANORNA
Industry:Gems, Jewellery And Watches
Sector:Gems, Jewellery And Watches
Website:https://www.darshanorna.com

Key Leadership

Mr. Ritesh Mahendrabhai Sheth
MD, CFO, Head of Finance & Accounts & Director
Ms. Shivani Joshi
Company Secretary & Compliance Officer
Mr. Suresh Ghanchi
Senior Sales Manager

Corporate Events

Recent
Ex-Dividend Date
2018-08-20

Latest News

Darshan Orna Limited Stages Intraday Comeback Trend Change - Stock Market Trends & Free Unlock Stock Analysis - earlytimes.in
earlytimes.in• 12/16/2025
Darshan Orna Limited Announces ₹1,500.88 Crore Rights Issue at ₹3 Per Share - scanx.trade
scanx.trade• 10/27/2025
Darshan Orna Limited Announces Rights Issue of ₹1,500.88 Lakhs to Strengthen Business Growth and Enhance Shareholder Value - ANI News
ANI News• 11/11/2025

DARSHANORNA Share Price: Frequently Asked Questions

What is the current share price of Darshan Orna Ltd (DARSHANORNA)?

As of 30 Mar 2026, 12:04 pm IST, Darshan Orna Ltd share price is ₹2.42. The DARSHANORNA stock has a market capitalisation of ₹28.42 (Cr) on NSE/BSE.

Is DARSHANORNA share price Overvalued or Undervalued?

DARSHANORNA share price is currently trading at a P/E ratio of 47.36x, compared to the industry average of 28.63x. Based on this relative valuation, the Darshan Orna Ltd stock appears to be Overvalued against its sector peers.

What is the 52-week high and low of DARSHANORNA share price?

The 52-week high of DARSHANORNA share price is ₹3.61 and the 52-week low is ₹2.21. These values are updated daily from NSE/BSE price data.

What factors affect the Darshan Orna Ltd share price?

Key factors influencing DARSHANORNA share price include quarterly earnings growth (Sales Growth: 155.47%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).

Is Darshan Orna Ltd a good stock for long-term investment?

Darshan Orna Ltd shows a 5-year Profit Growth of 19.15% and an ROE of 3.48%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.24 before investing in DARSHANORNA shares.

How does Darshan Orna Ltd compare with its industry peers?

Darshan Orna Ltd competes with major peers in the Gems, Jewellery And Watches. Investors should compare DARSHANORNA share price P/E of 47.36x and ROE of 3.48% against the industry averages to determine competitive standing.

What is the P/E ratio of DARSHANORNA and what does it mean?

DARSHANORNA share price has a P/E ratio of 47.36x compared to the industry average of 28.63x. Investors pay ₹47 for every ₹1 of annual earnings.

How is DARSHANORNA performing according to Bull Run's analysis?

DARSHANORNA has a Bull Run fundamental score of 31.3/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.

What sector and industry does DARSHANORNA belong to?

DARSHANORNA operates in the Gems, Jewellery And Watches industry. This classification helps understand the competitive landscape and sector-specific trends affecting Darshan Orna Ltd share price.

What is Return on Equity (ROE) and why is it important for DARSHANORNA?

DARSHANORNA has an ROE of 3.48%, which suggests challenges in generating returns from shareholders equity. ROE measures how efficiently Darshan Orna Ltd generates profits from shareholders capital.

How is DARSHANORNA debt-to-equity ratio and what does it indicate?

DARSHANORNA has a debt-to-equity ratio of 0.24, which indicates conservative financing with low financial risk.

What is DARSHANORNA dividend yield and is it a good dividend stock?

DARSHANORNA offers a dividend yield of 0.00%, meaning you receive ₹0.00 annual dividend for every ₹100 invested in Darshan Orna Ltd shares.

How has DARSHANORNA share price grown over the past 5 years?

DARSHANORNA has achieved 5-year growth rates of: Sales Growth 3.64%, Profit Growth 19.15%, and EPS Growth 19.14%.

What is the promoter holding in DARSHANORNA and why does it matter?

Promoters hold 34.16% of DARSHANORNA shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Darshan Orna Ltd.

What is DARSHANORNA market capitalisation category?

DARSHANORNA has a market capitalisation of ₹28 crores, placing it in the Small-cap category.

How volatile is DARSHANORNA stock?

DARSHANORNA has a beta of N/A. A beta > 1 suggests the Darshan Orna Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.

What is DARSHANORNA operating profit margin trend?

DARSHANORNA has a 5-year average Operating Profit Margin (OPM) of -0.21%, indicating the company's operational efficiency.

How is DARSHANORNA quarterly performance?

Recent quarterly performance shows Darshan Orna Ltd YoY Sales Growth of 155.47% and YoY Profit Growth of 9.09%.

What is the institutional holding pattern in DARSHANORNA?

DARSHANORNA has FII holding of 0.00% and DII holding of 0.00%. Significant institutional holding often suggests professional confidence in the Darshan Orna Ltd stock.

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Frequently Asked Questions about Darshan Orna Ltd

What is the current share price of Darshan Orna Ltd?

Darshan Orna Ltd (DARSHANORNA) trades at ₹2.42 on NSE and BSE. Market cap ₹28.42 (Cr). Educational data only.

What is the P/E ratio of Darshan Orna Ltd?

Darshan Orna Ltd has a P/E of 47.36x vs industry average 28.63x.

What is the Bull Run score for Darshan Orna Ltd?

Darshan Orna Ltd has a Bull Run score of 31.3/100 based on 25+ financial parameters.

Does Darshan Orna Ltd pay dividends?

Darshan Orna Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of Darshan Orna Ltd?

Darshan Orna Ltd has ROE of 3.48%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Darshan Orna Ltd?

Darshan Orna Ltd has debt-to-equity of 0.24.

Is Darshan Orna Ltd a good investment?

Bull Run gives Darshan Orna Ltd a score of 31.3/100. This is not investment advice — consult a SEBI-registered advisor.