About Darshan Orna Limited
Data last updated: 24 December 2025
Darshan Orna Limited is a public limited company based in Ahmedabad, Gujarat, India. It specialises in jewelry and gemstone retail and distribution, a part of the broader consumer goods sector. Incorporated on 20 January 2011, the company has been in operation for over 15 years.
Registered with ROC Ahmedabad under CIN L36910GJ2011PLC063745. Listed on BSE: 539884.
Capital: an authorised share capital of ₹20.2 Cr and a paid-up capital of ₹20.01 Cr. Formerly known as Darshan Orna Private Limited. It is led by directors including Dinesh Dalchand Hiran and Ritesh Mahendrabhai Sheth.
Last AGM: 27 September 2025. Financial statements filed for year ended 31 March 2024. Office: Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹22.5 Cr, a decline of 7% compared to the previous year.
The company is associated with 1 brand - Darshan Orna. As per MCA filings, the company has open charges of ₹98 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website darshanorna.co.in.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered AddressSurvey No. 021052106/3/Lawar Ni Pole Shekh Sariya Chambers Madan Gopal Haveli Road Manek, Chowk, Ahmedabad, Gujarat, India – 380001
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IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Darshan Orna Limited
Darshan Orna Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L36910GJ2011PLC063745, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L36910GJ2011PLC063745 | Current |
| U36910GJ2011PLC063745 | Previous |
| U36910GJ2011PTC063745 | Previous |
Associated Brands with Darshan Orna Limited
Darshan Orna Limited operates one associated brand: Darshan Orna. These brands represent Darshan Orna Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Gold and silver jewelry and ornaments are wholesaled and traded. | darshanorna.com |
Business Activity of Darshan Orna Limited
Darshan Orna Limited is engaged in the principal business activity of manufacturing, with detailed activities including other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | ********* |
Auditor Details of Darshan Orna Limited
Darshan Orna Limited is audited by M/s Shah Karia & Associates (ICAI peer reviewed, certificate valid till 2028-08-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s Shah Karia & Associates (ICAI peer reviewed, certificate valid till 2028-08-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Darshan Orna Limited
Darshan Orna Limited is currently managed by 7 directors, with 10 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Dinesh Dalchand Hiran
Also directs:
Darshan Orna Limited
|
Director | 05 Jan 2017 | 9 Years 6 Months | Current |
| Ritesh Mahendrabhai Sheth | Managing Director | 18 Feb 2015 | 11 Years 4 Months | Current |
|
Mahendrabhai Ramniklal Shah
Also directs:
Darshan Orna Limited, Viram Suvarn Limited
|
Director | 20 Jan 2011 | 15 Years 5 Months | Current |
|
Arunaben Mahendrakumar Shah
Also directs:
Darshan Orna Limited, Kriyansh Gold Private Limited
|
Director | 20 Jan 2011 | 15 Years 5 Months | Current |
| Manoharbhai Bharatbhai Chunara | Director | 12 Oct 2023 | 2 Years 8 Months | Current |
Financials of Darshan Orna Limited FY 2026 filings available
Darshan Orna Limited reported revenue of ₹71.49 Cr (up 229.61% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹71.49 Cr | ₹21.69 Cr | ₹20.87 Cr | ₹13.82 Cr | ₹13.1 Cr | ₹6.02 Cr | ₹18.14 Cr | ₹9.28 Cr | ₹39.69 Cr |
| Other Income | ₹54,000 | ₹81.25 Lakh | ₹3.44 Cr | ₹17.59 Lakh | ₹82.97 Lakh | ₹2.06 Cr | ₹1,000 | ₹88,000 | ₹1.54 Lakh |
| Total Income | ₹71.49 Cr | ₹22.5 Cr | ₹24.31 Cr | ₹14 Cr | ₹13.93 Cr | ₹8.09 Cr | ₹18.14 Cr | ₹9.29 Cr | - |
| Cost of Materials Consumed | ₹68.09 Cr | ₹21.82 Cr | ₹29.72 Cr | ₹11.94 Cr | ₹13.81 Cr | ₹11.65 Cr | ₹19.61 Cr | ₹0 | ₹36.2 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹11.08 Cr | ₹0 |
| Changes in Inventories | ₹1.74 Cr | -₹44.58 Lakh | -₹8.96 Cr | ₹1.67 Cr | -₹1.04 Cr | -₹5.81 Cr | ₹1.76 Lakh | -₹2.34 Cr | ₹2.74 Cr |
| Employee Benefit Expense | ₹16.25 Lakh | ₹6.24 Lakh | ₹14.8 Lakh | ₹12.04 Lakh | ₹7.6 Lakh | ₹2.73 Lakh | ₹7.63 Lakh | ₹2.4 Lakh | ₹5.4 Lakh |
| Finance Costs | ₹6.45 Lakh | ₹6.21 Lakh | ₹4.83 Lakh | ₹4.79 Lakh | ₹5.29 Lakh | ₹4.43 Lakh | ₹1.65 Lakh | ₹10,000 | ₹84,000 |
| Depreciation & Amortisation | ₹30,000 | ₹23,000 | ₹41,000 | ₹21,000 | ₹21,000 | ₹34,000 | ₹47,000 | ₹43,000 | - |
| Other Expenses | ₹55.78 Lakh | ₹43.73 Lakh | ₹22.4 Lakh | ₹14.31 Lakh | ₹15.4 Lakh | ₹16.95 Lakh | ₹10.47 Lakh | ₹30.62 Lakh | ₹16.55 Lakh |
| Total Expenses | ₹70.61 Cr | ₹21.93 Cr | ₹21.19 Cr | ₹13.92 Cr | ₹13.05 Cr | ₹6.09 Cr | ₹19.83 Cr | ₹9.08 Cr | ₹39.18 Cr |
| Profit Before Exceptional Items & Tax | ₹88.1 Lakh | ₹56.62 Lakh | ₹3.12 Cr | ₹7.84 Lakh | ₹87.85 Lakh | ₹2 Cr | -₹1.68 Cr | ₹21.24 Lakh | - |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | - |
| Profit Before Tax | ₹88.1 Lakh | ₹56.62 Lakh | ₹3.12 Cr | ₹7.84 Lakh | ₹87.85 Lakh | ₹2 Cr | -₹1.68 Cr | ₹21.24 Lakh | ₹53.22 Lakh |
| Total Tax Expense | ₹23.03 Lakh | ₹10 Lakh | ₹45 Lakh | ₹2 Lakh | ₹9.01 Lakh | ₹15.5 Lakh | ₹0 | ₹6.32 Lakh | ₹14.85 Lakh |
| Net Profit | ₹65.07 Lakh | ₹46.62 Lakh | ₹2.67 Cr | ₹5.84 Lakh | ₹78.84 Lakh | ₹1.84 Cr | -₹1.68 Cr | ₹14.92 Lakh | ₹38.37 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹3.19 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | - |
| Total Comprehensive Income | ₹65.07 Lakh | ₹46.62 Lakh | ₹5.86 Cr | ₹5.84 Lakh | ₹78.84 Lakh | ₹1.84 Cr | -₹1.68 Cr | ₹14.92 Lakh | - |
| EBITDA (computed) | ₹94.85 Lakh | ₹63.06 Lakh | ₹3.17 Cr | ₹12.84 Lakh | ₹93.35 Lakh | ₹2.04 Cr | -₹1.66 Cr | ₹21.77 Lakh | - |
| Basic EPS | ₹0.07 | ₹0.09 | ₹0.53 | ₹-0.40 | ₹0.79 | ₹1.82 | ₹-1.67 | ₹0.15 | - |
| Diluted EPS | ₹0.07 | ₹0.09 | ₹0.53 | ₹-0.40 | ₹0.79 | ₹1.82 | ₹-1.67 | ₹0.15 | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹40.62 Cr | ₹27.12 Cr | ₹24.59 Cr | ₹13.41 Cr | ₹13.89 Cr | ₹12.33 Cr | ₹13.07 Cr | ₹12.54 Cr | ₹13.13 Cr |
| Non-current Assets | ₹4.82 Cr | ₹4.72 Cr | ₹5.72 Cr | ₹1.64 Cr | ₹1.93 Cr | ₹1.54 Cr | ₹3.14 Cr | ₹5 Cr | ₹4.75 Cr |
| Current Assets | ₹35.8 Cr | ₹22.4 Cr | ₹18.87 Cr | ₹11.77 Cr | ₹11.96 Cr | ₹10.79 Cr | ₹9.94 Cr | ₹7.54 Cr | ₹8.38 Cr |
| Property, Plant & Equipment | ₹26.85 Lakh | ₹37,000 | ₹60,000 | ₹59,000 | ₹65,000 | ₹51,000 | ₹77,000 | ₹1.24 Lakh | - |
| Inventories | ₹17.05 Cr | ₹18.79 Cr | ₹18.34 Cr | ₹9.38 Cr | ₹11.05 Cr | ₹10.01 Cr | ₹4.2 Cr | ₹4.07 Cr | ₹1.99 Cr |
| Trade Receivables | ₹13.97 Cr | ₹2.57 Cr | ₹0 | ₹2.35 Cr | ₹31.29 Lakh | ₹54.38 Lakh | ₹5.02 Cr | ₹3.13 Cr | - |
| Cash & Equivalents | ₹90.93 Lakh | ₹48.52 Lakh | ₹3.4 Lakh | -₹9.75 Lakh | ₹29.1 Lakh | ₹5.42 Lakh | ₹36.21 Lakh | ₹14.99 Lakh | ₹0 |
| Equity (Net Worth) | ₹35.28 Cr | ₹19.62 Cr | ₹18.91 Cr | ₹13.05 Cr | ₹13.03 Cr | ₹12.09 Cr | ₹10.18 Cr | ₹12.02 Cr | - |
| Equity Share Capital | ₹20.01 Cr | ₹10.01 Cr | ₹10.01 Cr | ₹10.01 Cr | ₹10.01 Cr | ₹10.01 Cr | ₹10.01 Cr | ₹10.01 Cr | - |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | - |
| Borrowings (Current) | ₹92.2 Lakh | ₹6.31 Cr | ₹3.69 Cr | ₹0 | ₹54.61 Lakh | ₹0 | ₹0 | ₹0 | - |
| Total Debt (computed) | ₹92.2 Lakh | ₹6.31 Cr | ₹3.69 Cr | ₹0 | ₹54.61 Lakh | ₹0 | ₹0 | ₹0 | - |
| Current Liabilities | ₹4.99 Cr | ₹7.14 Cr | ₹5.32 Cr | ₹35.96 Lakh | ₹85.87 Lakh | ₹23.72 Lakh | ₹2.9 Cr | ₹51.98 Lakh | ₹94.37 Lakh |
| Total Liabilities | ₹5.34 Cr | ₹7.49 Cr | ₹5.67 Cr | ₹35.96 Lakh | ₹85.87 Lakh | ₹23.72 Lakh | ₹2.9 Cr | ₹51.98 Lakh | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹14.34 Cr | -₹1.54 Cr | -₹6.41 Cr | -₹18.21 Lakh | -₹73.11 Lakh |
| Investing Cash Flow | -₹18.33 Lakh | ₹1.81 Cr | -₹63.7 Lakh | -₹18.14 Lakh | ₹44.09 Lakh |
| Financing Cash Flow | ₹14.95 Cr | ₹17.99 Lakh | -₹5.26 Lakh | -₹2.5 Lakh | ₹9.7 Lakh |
| Capital Expenditure | ₹26.77 Lakh | ₹0 | ₹0 | ₹0 | ₹0 |
| Free Cash Flow (computed) | -₹14.6 Cr | -₹1.54 Cr | -₹6.41 Cr | -₹18.21 Lakh | -₹73.11 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹42.57 Lakh | ₹45.12 Lakh | -₹7.1 Cr | -₹38.85 Lakh | -₹19.32 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹25.32 Cr | ₹25.07 Cr | ₹6.31 Cr | ₹14.78 Cr | ₹8.4 Cr | ₹2.4 Cr | ₹2.47 Cr | ₹8.42 Cr |
| Other Income | ₹54,000 | ₹0 | ₹0 | ₹0 | ₹77.54 Lakh | ₹0 | ₹0 | ₹0 |
| Total Income | ₹25.32 Cr | ₹25.07 Cr | ₹6.31 Cr | ₹14.78 Cr | ₹9.18 Cr | ₹2.4 Cr | ₹2.47 Cr | ₹8.42 Cr |
| Cost of Materials Consumed | ₹25.31 Cr | ₹34.41 Cr | ₹2.11 Cr | ₹6.25 Cr | ₹6.95 Cr | ₹8.83 Cr | ₹5.3 Cr | ₹74.32 Lakh |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹45.9 Lakh | -₹9.66 Cr | ₹3.81 Cr | ₹8.04 Cr | ₹2.04 Cr | -₹6.85 Cr | -₹3.12 Cr | ₹7.49 Cr |
| Employee Benefit Expense | ₹12.29 Lakh | ₹25,000 | ₹3.32 Lakh | ₹39,000 | ₹4.36 Lakh | ₹59,000 | ₹43,000 | ₹86,000 |
| Finance Costs | ₹5.91 Lakh | -₹2.85 Lakh | ₹1.82 Lakh | ₹1.57 Lakh | ₹1.91 Lakh | ₹89,000 | ₹1.56 Lakh | ₹1.85 Lakh |
| Depreciation & Amortisation | ₹13,000 | ₹7,000 | ₹10,000 | ₹0 | -₹8,000 | ₹10,000 | ₹21,000 | ₹0 |
| Other Expenses | ₹12.46 Lakh | ₹22.54 Lakh | ₹5,000 | ₹20.67 Lakh | ₹8.21 Lakh | ₹28.07 Lakh | ₹5.15 Lakh | ₹2.3 Lakh |
| Total Expenses | ₹25.16 Cr | ₹24.95 Cr | ₹5.98 Cr | ₹14.52 Cr | ₹9.13 Cr | ₹2.27 Cr | ₹2.25 Cr | ₹8.28 Cr |
| Profit Before Exceptional Items & Tax | ₹16.3 Lakh | ₹11.63 Lakh | ₹33.75 Lakh | ₹26.48 Lakh | ₹4.76 Lakh | ₹12.41 Lakh | ₹22.16 Lakh | ₹13.58 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹16.3 Lakh | ₹11.63 Lakh | ₹33.75 Lakh | ₹26.48 Lakh | ₹4.76 Lakh | ₹12.41 Lakh | ₹22.16 Lakh | ₹13.58 Lakh |
| Total Tax Expense | ₹5.13 Lakh | ₹3 Lakh | ₹10 Lakh | ₹5 Lakh | ₹1 Lakh | ₹1.75 Lakh | ₹4 Lakh | ₹3.25 Lakh |
| Net Profit | ₹11.17 Lakh | ₹8.63 Lakh | ₹23.75 Lakh | ₹21.48 Lakh | ₹3.76 Lakh | ₹10.66 Lakh | ₹18.16 Lakh | ₹10.33 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹3.71 Lakh | ₹0 |
| Total Comprehensive Income | ₹11.17 Lakh | ₹8.63 Lakh | ₹23.75 Lakh | ₹21.48 Lakh | ₹3.76 Lakh | ₹10.66 Lakh | ₹21.87 Lakh | ₹10.33 Lakh |
| EBITDA (computed) | ₹22.34 Lakh | ₹8.85 Lakh | ₹35.67 Lakh | ₹28.05 Lakh | ₹6.59 Lakh | ₹13.4 Lakh | ₹23.93 Lakh | ₹15.43 Lakh |
| Basic EPS | ₹0.01 | ₹0.01 | ₹0.05 | ₹0.04 | ₹0.01 | ₹0.02 | ₹0.04 | ₹0.02 |
| Diluted EPS | ₹0.01 | ₹0.01 | ₹0.05 | ₹0.04 | ₹0.01 | ₹0.02 | ₹0.04 | ₹0.02 |
Shareholding Pattern of Darshan Orna Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 34.17%, retail and other public shareholders hold 65.83% of Darshan Orna Limited. The company had 23,155 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 34.17% | 34.17% | 30.40% | 30.40% | 30.40% | 30.40% |
| Public | 65.83% | 65.83% | 69.60% | 69.60% | 69.60% | 69.60% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 34.17% | 30.40% | 44.37% |
| Public | 65.83% | 69.60% | 55.63% |
| Promoter change (YoY, %pts) | +3.77 | -13.97 | - |
Charges & Borrowings of Darshan Orna Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Jun 2025 | Tamilnad Mercantile Bank Limited | ₹38 Lakh | Open |
| 31 Dec 2019 | Tamilnad Mercantile Bank Limited | ₹60 Lakh | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Darshan Orna Limited
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Employee Count & EPFO Data of Darshan Orna Limited
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GST Compliance of Darshan Orna Limited
GSTIN & GST Filing Data of Darshan Orna Limited
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Credit Ratings, Litigation & Regulatory Alerts for Darshan Orna Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Darshan Orna Limited
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MSME Payment Delays by Darshan Orna Limited
MSME Payment Delays by Darshan Orna Limited
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Subsidiaries & Group Companies of Darshan Orna Limited
Subsidiaries & Group Companies of Darshan Orna Limited
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MCA Filings & Documents of Darshan Orna Limited
MCA Filings & Documents of Darshan Orna Limited
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Recent Activity on Darshan Orna Limited
Frequently Asked Questions about Darshan Orna Limited
Darshan Orna Limited is an active public limited company in the consumer goods sector based in Ahmedabad, Gujarat, India. It was incorporated on 20 January 2011 (15+ years old) and is registered under CIN L36910GJ2011PLC063745. Listed on BSE: 539884.
Darshan Orna Limited reported revenue of ₹22.5 Cr for FY 2025 (down 7.00% YoY).
The current directors of Darshan Orna Limited are:
- Dinesh Dalchand Hiran
- Ritesh Mahendrabhai Sheth
- Ritesh Soni
- Mahendrabhai Ramniklal Shah
- Arunaben Mahendrakumar Shah
- Manoharbhai Bharatbhai Chunara
- Shivani Maharshi Joshi
The primary industry of Darshan Orna Limited is consumer goods. The company specifically operates in jewelry and gemstone retail and distribution. The company is currently active in this sector.
Yes. Darshan Orna Limited is listed on BSE with code 539884.
Darshan Orna Limited can be reached at the registered office: Survey No. 0210521063Lawar Ni Pole Shekh Sariya Chambers Madan Gopal Haveli Road Manek, Chowk, Ahmedabad, Gujarat, India – 380001, or through the website darshanorna.co.in.