Darshan Orna share price, P/E, ROE & financials

As of 6 Nov 2026, Darshan Orna trades at 22.7× trailing earnings, above the industry P/E of 19.6×, and the shares are 43% below their 52-week high. Sales and net profit grew 73% and 123% a year over 3 years; its ROCE of 2.6% is the lowest among the 7 largest Luxury Goods peers. It is a small-cap company with a market cap of ₹20 Cr, ranked 71st of 82 Luxury Goods companies by market cap; the shares fell 28% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹2.06
Day high: ₹2.07
Day low: ₹1.98
Prev. close: ₹2.04
Volume: 17.4K

Health check

1 good · 1 fair · 4 to check

ReturnsBehind
−27.9% over a year, better than 0 of 7 peers.
Price tagPricier
P/E 22.7 vs industry 19.6.
GrowthStrong
Sales +72.9%, profit +123.4% a year over 3 years.
ProfitabilityWeak
ROCE 2.6% vs peer median 34.2%.
Balance sheetFair
Piotroski 5 of 9.
Red flags4 to check
Return on equity is low at 2.9%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Luxury Goods

81 listed peers. Screen the industry

Small cap

₹20 Cr, #71 of 82 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹55 Cr · profit ₹1 Cr

Market cap: ₹20 Cr; Small cap
P/E: 22.7; Industry 19.6
Price to book: 0.52; Peers 8.57
Dividend yield: 0.00%
ROE: 2.9%; Peers 29.3%
ROCE: 2.6%; Peers 34.2%
Debt to equity: n/a
EPS (TTM): ₹0.09
OPM (TTM): 0.9%; Net margin 1.1%
Sales growth: −15.7%; Latest quarter vs a year ago
Profit growth: −76.3%; Latest quarter vs a year ago
Price to sales: 0.37

Risks to check

Return on equity is low at 2.9%.
Quarterly profit down 76.3% on a year ago.
Quarterly sales down 15.7% on a year ago.
43% below its 52-week high.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Darshan Orna

Darshan Orna Limited wholesales and trades gold and silver jewelry and ornaments in India. It offers traditional, Indo-western, and modern jewelry products, such as chains, rings, ear chains, earrings, bracelets, anklets, zudas, bangles, toe rings, and necklaces. Darshan Orna Limited was incorporated in 2011 and is based in Ahmedabad, India.

Headquarters: Ahmedabad
Employees: 7
Sector: Consumer Cyclical
ISIN: INE671T01028
Website: darshanorna.com

Price range

52 weeks

₹1.94₹3.61

Today

₹1.98₹2.07

Avg volume (3M): 33.9K
1-year return: minus 27.9%
From 52-week high: minus 43.5%

Peers · Luxury Goods

Compare with peers Screen the whole industry

Company
TITANTitan Company	5,000.00	plus 3.42%	4,43,656	63.1	28.27	38.4%	37.1%	11.6%	29.2%	16.0%	0.31%	plus 26.8%
KALYANKJILKalyan Jewellers India	590.75	plus 5.49%	61,010	42.6	9.66	26.7%	24.3%	6.7%	36.4%	46.1%	0.45%	plus 7.2%
LALITHAALalithaa Jewellery Mart	373.50	plus 0.50%	20,905	21.9	6.37	46.1%	41.6%	5.7%	23.4%	61.8%	0.00%	plus 49.6%
PCJEWELLERPC Jeweller	15.77	plus 1.35%	15,467	17.1	1.65	10.3%	10.8%	24.6%	10.7%	–	0.00%	plus 29.0%
SKYGOLDSKY GOLD AND DIAMONDS	951.95	plus 0.31%	14,743	37.3	10.49	35.9%	33.0%	7.5%	76.0%	145.4%	0.00%	plus 164.3%
THANGAMAYLThangamayil Jewellery	4,148.20	minus 4.32%	12,893	32.9	8.57	34.2%	29.3%	6.5%	39.2%	64.0%	0.42%	plus 42.6%
BLUESTONEBlueStone Jewellery and Lifestyle	710.85	minus 2.09%	10,867	102.6	5.92	7.7%	5.8%	17.0%	46.8%	–	0.00%	plus 2.0%
DARSHANORNADarshan Orna	2.04	0.00%	20	22.7	0.52	2.6%	2.9%	1.0%	72.9%	123.4%	0.00%	minus 27.9%
Median of 7 peers	–	0.50%	15,467	37.3	8.57	34.2%	29.3%	7.5%	36.4%	61.8%	0.00%	29.0%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Mar 25	Jun 25	Dec 25	Mar 26	Jun 26
8.4	14.8	25.1	25.3	12.5
–	–	–	+201.3%	minus 15.7%
8.9	14.5	25	25.1	12.4
−0.5	0.3	0.1	0.2	0.1
−5.6%	1.9%	0.4%	0.9%	0.7%
0.8	0	0	0.1	−0
0	0	−0	0.1	0
−0	–	0	0	–
−0.2	–	–	−0.1	–
0	0.3	0.1	0.2	0.1
21.1%	18.9%	25.8%	30.9%	15.0%
0	0.2	0.1	0.1	0.1
–	–	–	+200.5%	minus 76.3%
–	0.04	0.01	–	0.01

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +72.9%
Profit CAGR 3Y: +123.4%
EPS CAGR 3Y: +20.8%
ROE: 2.9%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
13.8	20.9	21.7	71.5
–	+51.0%	+3.9%	+229.6%
13.9	21.1	21.6	70.5
−0	−0.3	0.1	1
−0.3%	−1.3%	0.3%	1.4%
−0	0	0.8	−0
0	0	0.1	0.1
−0	0	0	0
0.2	3.4	−0.2	−0.1
0.1	3.1	0.6	0.9
26.9%	14.4%	17.7%	26.1%
0.1	2.7	0.5	0.7
–	+4474.5%	minus 82.6%	+39.7%
0.04	0.53	0.09	0.07

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
10	10	10	20
3	8.9	9.6	15.3
–	3.7	6.3	0.9
0.4	2	1.2	4.4
13.4	24.6	27.1	40.6
0	0	0	0.3
1.6	5.7	4.7	4.6
−0.1	0	0.5	1
11.9	18.8	21.9	34.8
13.4	24.6	27.1	40.6

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
0.3	11.6	−1.5	−14.3
−0.1	7.5	1.8	−0.2
0	−18.9	0.2	14.9
0.2	0.1	0.5	0.4
−0	−0	–	−0.3
0.3	11.6	−1.5	−14.6

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you