Darshan Orna Limited - consumer goods in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L36910GJ2011PLC063745 Incorporated 20 January 2011 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - BSE: 539884 Public Limited Company consumer goods
Data last updated
Market Cap
₹21.21 Cr
DARSHANORNA · BSE
Share Price
₹2.10
-0.94% today
Revenue
₹71.49 Cr
FY 2025-26 · +229.6% YoY
EBITDA
₹0.95 Cr
Margin 1.3%
Net Profit
₹0.67 Cr
FY 2025-26 · -1.5% YoY
P/E (TTM)
43.2x
P/B 0.6x
Authorised capital
₹20.2 Cr
Registered with MCA
Paid-up capital
₹20.01 Cr
Issued & subscribed

About Darshan Orna Limited

Data last updated:

Darshan Orna Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 20 January 2011 and has been in existence for over 15 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L36910GJ2011PLC063745. Its GSTIN is 24AADCD7142E1Z1 (Gujarat). Its shares are listed on BSE: 539884.

The company has an authorised share capital of ₹20.2 Cr and a paid-up capital of ₹20.01 Cr. It was formerly known as Darshan Orna Private Limited. It is led by directors including Ritesh Mahendrabhai Sheth (Managing Director) and Arunaben Mahendrakumar Shah.

Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹71.49 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹67 Lakh (net margin 0.9%) and EBITDA of ₹95 Lakh (EBITDA margin 1.3%). The net worth stands at ₹35.28 Cr (up 79.7% YoY). Total assets are valued at ₹35.28 Cr (up 41.1% YoY).

The company is associated with 1 brand: Darshan Orna. As per MCA filings, the company has open charges of ₹98 Lakh on record. The company has 100 deals on record (99 market trades, 1 ipo); the latest was in December 2025. Its 10 peer companies in the Consumer Products industry (Jewellery and Gems Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is MMJ Ornaments Private Limited with revenue of ₹22.85 Cr.

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.

Company Details of Darshan Orna Limited
CIN L36910GJ2011PLC063745
Registration Number 063745
Incorporation Date 20 January 2011
ROC Ahmedabad
Listing Status Listed (BSE: 539884)
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
    Locked
  • Registered Address
    Survey No. 021052106/3/Lawar Ni Pole Shekh Sariya Chambers Madan Gopal Haveli Road Manek, Chowk, Ahmedabad, Gujarat, India – 380001
  • Industry
    Consumer Goods, Jewelry & Gemstone Retail & Distribution
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Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Darshan Orna Limited

The main business activity of Darshan Orna is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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  • Historical classifications
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Financials of Darshan Orna Limited FY 2025-26 filings available

Darshan Orna Limited reported revenue of ₹71.49 Cr (up 229.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹71.49 Cr
+229.6% YoY
EBITDA
₹0.95 Cr
+658.8% YoY
Profit After Tax
₹0.67 Cr
-1.5% YoY
Net Worth
₹35.28 Cr
+79.7% YoY
Total Assets
₹35.28 Cr
+41.1% YoY
Total Debt
Nil

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue71.4921.6920.8713.8213.106.0218.14
Revenue growth+229.6%+3.9%+51.0%+5.5%+117.6%-66.8%-
EBITDA0.95(0.17)(0.26)(0.06)0.10(0.02)(1.67)
EBITDA margin+1.3%-0.8%-1.3%-0.4%+0.8%-0.3%-9.2%
Profit before tax0.900.583.130.070.881.99(1.69)
Net profit0.670.68(0.31)0.050.05(0.07)(1.68)
Net profit margin+0.9%+3.1%-1.5%+0.4%+0.4%-1.2%-9.3%
EPS (₹)0.070.472.670.060.791.84(1.68)
Balance sheet
Total assets35.2825.0122.6013.0513.0312.0910.18
Net worth35.2819.6318.9213.0613.0412.1010.18
Total debt0.005.393.690.000.000.000.00
Cash & bank0.910.490.03(0.10)(0.26)0.050.36
Net working capital30.8120.6517.2211.4111.1010.547.03
Cash flow
Cash from operations(14.34)(1.54)(2.72)0.27(0.92)(3.99)(1.46)
Cash from investing(0.18)1.812.90(0.11)0.523.601.85
Cash from financing14.940.18(0.05)0.000.100.08(0.18)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue12.4725.3225.076.3114.788.402.402.47
Revenue growth (YoY)-15.6%+201.4%+944.6%+155.5%+75.5%---
Other income0.000.010.000.000.000.780.000.04
Total expenses12.3925.1024.985.9614.509.112.262.23
EBITDA0.080.220.090.350.28(0.71)0.140.24
EBITDA margin+0.6%+0.9%+0.4%+5.5%+1.9%-8.5%+5.8%+9.7%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.020.06(0.03)0.020.020.020.010.02
Profit before tax0.060.170.120.330.260.050.130.26
Tax0.010.050.030.100.050.010.020.04

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue12.4725.3225.076.3114.788.402.402.47
Revenue growth (YoY)-15.6%+201.4%+944.6%+155.5%+75.5%---
Other income0.000.010.000.000.000.780.000.04
Total expenses12.3925.1024.985.9614.509.112.262.23
EBITDA0.080.220.090.350.28(0.71)0.140.24
EBITDA margin+0.6%+0.9%+0.4%+5.5%+1.9%-8.5%+5.8%+9.7%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.020.06(0.03)0.020.020.020.010.02
Profit before tax0.060.170.120.330.260.050.130.26
Tax0.010.050.030.100.050.010.020.04
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue71.4921.6920.8713.8213.106.0218.14
Revenue growth+229.6%+3.9%+51.0%+5.5%+117.6%-66.8%-
Other income0.010.813.440.180.832.060.00
Total expenses70.5421.8621.1313.8813.006.0419.81
Employee cost0.000.060.080.050.030.030.03
EBITDA0.95(0.17)(0.26)(0.06)0.10(0.02)(1.67)
EBITDA margin+1.3%-0.8%-1.3%-0.4%+0.8%-0.3%-9.2%
Depreciation0.000.000.000.000.000.000.00
Interest0.060.060.050.050.050.050.02
Profit before tax0.900.583.130.070.881.99(1.69)
Tax0.230.100.450.020.090.160.00
Net profit0.670.68(0.31)0.050.05(0.07)(1.68)
Net profit margin+0.9%+3.1%-1.5%+0.4%+0.4%-1.2%-9.3%
EPS (₹)0.070.472.670.060.791.84(1.68)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital20.0110.0110.0110.0110.0110.0110.01
Reserves & surplus15.279.628.913.053.032.090.17
Shareholders' funds (net worth)35.2819.6318.9213.0613.0412.1010.18
Secured loans0.000.003.690.000.000.000.00
Unsecured loans0.005.390.000.000.000.000.00
Total debt0.005.393.690.000.000.000.00
Total liabilities35.2825.0122.6013.0513.0312.0910.18
Assets
Gross block0.320.060.040.010.040.040.04
Net block0.270.010.000.010.010.010.01
Capital work in progress0.000.000.000.000.000.000.00
Investments4.564.715.711.631.921.543.13
Inventories17.0518.7918.349.3811.0510.014.20
Sundry debtors13.972.570.002.350.310.545.02
Cash & bank balances0.910.490.03(0.10)(0.26)0.050.36
Loans & advances3.870.560.490.140.310.180.35
Total current assets35.8022.4118.8611.7711.4110.789.93
Total current liabilities4.991.761.640.360.310.242.90
Net working capital30.8120.6517.2211.4111.1010.547.03
Total assets35.2825.0122.6013.0513.0312.0910.18
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.490.03(0.10)(0.26)0.050.360.15
Net cash from operating activities(14.34)(1.54)(2.72)0.27(0.92)(3.99)(1.46)
Net cash from investing activities(0.18)1.812.90(0.11)0.523.601.85
Net cash from financing activities14.940.18(0.05)0.000.100.08(0.18)
Net change in cash0.420.450.130.16(0.31)(0.31)0.21
Closing cash0.910.490.03(0.10)(0.26)0.050.36
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+229.6%+3.9%+51.0%+5.5%+117.6%-66.8%-
EBITDA growth+658.8%+34.6%-333.3%-160.0%+600.0%+98.8%-
PBT growth+55.2%-81.5%+4371.4%-92.1%-55.8%+9998.0%-
Net income growth-1.5%+319.4%-720.0%0.0%+171.4%+95.8%-
Revenue CAGR (3Y)+73.0%+18.3%+51.4%-8.7%+12.2%-46.7%+15.7%
EBITDA CAGR (3Y)--+135.1%-67.0%-23.1%--
Profitability & leverage
Net income margin+0.9%+2.2%+12.8%+0.4%+6.0%+30.4%-9.3%
Return on capital employed-+3.6%-1.5%+1.0%+0.9%-0.2%0.0%
Return on net worth-+3.5%-2.0%+0.5%+0.4%-0.5%0.0%
Debt / equity-0.260.120.000.000.000.00
Long-term debt / equity-0.000.000.000.000.000.00
Interest cover6.32-35.29-19.23-83.3350.00-250.00-1.20
Efficiency & per share
Fixed asset turnover-542.25834.80552.80327.50150.50453.50
Inventory turnover-1.171.511.351.240.854.31
Debtors turnover-16.8817.7610.3930.822.174.31
EPS (₹)0.070.472.670.060.791.84(1.68)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0019.6118.9013.0513.0212.0910.17
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Peer Comparison of Darshan Orna Limited

Darshan Orna Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Darshan Orna Limited this company₹71.49 Cr (FY 2026)••••••••229.6%••••Ahmedabad, Gujarat, India
MMJ Ornaments Private Limited₹22.85 Cr (FY 2025)••••••••227.0%••••Agra, Uttar Pradesh, India
Firdous Gold Chemmad Private Limited₹22.65 Cr (FY 2025)••••••••13.0%••••Thirurangadi, Kerala, India
Rishabh Gold Jewels (India) Private Limited₹22.61 Cr (FY 2025)••••••••12.0%••••Bangalore, Karnataka, India
Dania Oro Jewellery Private Limited₹22.61 Cr (FY 2015)••••••••9.0%••••Mumbai, Maharashtra, India
Genashi Gems Private Limited₹22.6 Cr (FY 2024)••••••••248.0%••••Mumbai, Maharashtra, India
Jitendra Jewellers Private Limited₹22.46 Cr (FY 2024)••••••••289.0%••••Baran, Rajasthan, India
V&A Trading and Manufacturing Private Limited₹22.45 Cr (FY 2025)••••••••100.0%••••New Delhi, Delhi, India
Rajwada Multitrade Private Limited₹22.45 Cr (FY 2025)••••••••0.0%••••Mumbai, Maharashtra, India
Vajr Jewels Private Limited₹22.41 Cr (FY 2025)••••••••-2.0%••••Hyderabad, Telangana, India
Violet and Purple Fashion Jewellery Private Limited₹22.36 Cr (FY 2024)••••••••-10.0%••••Hyderabad, Telangana, India

Peers are the five companies nearest above and the five nearest below Darshan Orna by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Darshan Orna Limited

Darshan Orna Limited is audited by Bhagat & Co for the financial year 2022.

NameStatusAppointment DateCessation Date
Bhagat & CoLockedLockedLocked
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Board of Directors of Darshan Orna Limited

Darshan Orna has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Arunaben Mahendrakumar ShahDirector20 Jan 201115 Years 8 MonthsCurrent
Mahendrabhai Ramniklal ShahDirector20 Jan 201115 Years 8 MonthsCurrent
Ritesh Mahendrabhai ShethManaging Director18 Feb 201511 Years 7 MonthsCurrent
Dinesh HiranDirector05 Jan 20179 Years 9 MonthsCurrent
Manoharbhai Bharatbhai ChunaraDirector12 Oct 20232 Years 11 MonthsCurrent

Shareholding Pattern of Darshan Orna Limited

Shareholding for the quarter ended Mar 2026: promoters hold 34.20%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 65.80%.

Promoters: 34.20%Retail & Others: 65.80%
Mar 2026
QUARTER
34.20% Promoters
65.80% Retail & Others
Promoter holding - history
Now 34.20% · Mar 2026High 34.20% · Dec 2025Low 30.40% · Jun 2025
29%30.8%32.5%34.3%36%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 30.40%Sep 2025: 30.40%Dec 2025: 34.20%Mar 2026: 34.20%34.20%30.40%34.20%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters34.20%34.20%30.40%30.40%
Public65.80%65.80%69.60%69.60%

Charges & Borrowings of Darshan Orna Limited

Open charges
₹98 Lakh
Satisfied charges
None
Breakdown by lending institutions
Tamilnad Mercantile Bank Limited₹0.98 Cr
Latest charge details
DateLenderAmountStatus
26 Jun 2025Tamilnad Mercantile Bank Limited₹38 LakhOpen
31 Dec 2019Tamilnad Mercantile Bank Limited₹60 LakhOpen

Total charge records: 2 View all charges

Deals & Funding of Darshan Orna Limited

Darshan Orna Limited has 100 deals on record (99 market trades, 1 ipo); the latest was in December 2025.

Total deals
100
Market trades
99
IPO
1

Deals on record (5 of 100)

WhenDealAmountParties
Dec 2025Market trade₹44.2 LakhBuyer: Priha Gold Ornaments Private Limited
Seller: Beeline Broking Limited
Nov 2025Market trade₹10 LakhBuyer: Veeram Barter Private Limited
Nov 2025Market trade₹14.9 LakhBuyer: Veeram Barter Private Limited
Nov 2025Market trade₹18.8 LakhBuyer: Veeram Barter Private Limited
Nov 2025Market trade₹26.8 LakhBuyer: Veeram Barter Private Limited , Vivid Mercantile Limited
Seller: an individual
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Associated Brands with Darshan Orna Limited

Darshan Orna operates one associated brand: Darshan Orna. Each brand links to its own profile.

BrandDescriptionWebsite
Gold and silver jewelry and ornaments are wholesaled and traded.darshanorna.com

Employees and EPFO Compliance at Darshan Orna Limited

Employment history and EPFO contributions of people linked to Darshan Orna.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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CIN History of Darshan Orna Limited

Darshan Orna 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.

CINStatus
L36910GJ2011PLC063745Current
U36910GJ2011PLC063745Previous
U36910GJ2011PTC063745Previous

Recent Activity on Darshan Orna Limited

Darshan Orna Limited has 13 board changes on record since 2011: 9 appointments and 4 cessations. The latest: Manoharbhai Bharatbhai Chunara was appointed as Director on 12 Oct 2023.

AGM
Darshan Orna Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Charges
A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 0.38 Cr with Charge ID 101121854 was registered on 26 Jun 2025.
Filing
Darshan Orna Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Manoharbhai Bharatbhai Chunara was appointed as Director.
Ceased
Satish Vadilal Sheth ceased to be Director.
Charges
A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 0.60 Cr with Charge ID 100321562 was registered on 31 Dec 2019.
Ceased
Prakash Ratilal Soni ceased to be Director.
Appointed
Satish Vadilal Sheth was appointed as Director.
Appointed
Dinesh Hiran was appointed as Director.
Appointed
Prakash Ratilal Soni was appointed as Director.
Ceased
Shankar Prasad Bhagat ceased to be Director.
Ceased
Nidhi Agrawal ceased to be Company Secretary.

6 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Darshan Orna Limited

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MSME Payment Delays by Darshan Orna Limited

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Subsidiaries & Group Companies of Darshan Orna Limited

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GST Compliance of Darshan Orna Limited

Darshan Orna has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AADCD7142E1Z1GujaratActive01 Jul 2017
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MCA Filings & Documents of Darshan Orna Limited

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Frequently Asked Questions about Darshan Orna Limited

Darshan Orna is an active public limited company based in Ahmedabad, Gujarat, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 20 January 2011 (15+ years old) and is registered under CIN L36910GJ2011PLC063745. Listed on BSE: 539884.

Darshan Orna reported revenue of ₹71.49 Cr for FY 2025-26 (up 229.6% YoY) based on standalone financials.

Darshan Orna has 5 current directors:

The GSTIN of Darshan Orna is 24AADCD7142E1Z1, registered in Gujarat.

The CIN (Corporate Identification Number) of Darshan Orna is L36910GJ2011PLC063745. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Darshan Orna is listed on BSE with code 539884.

Darshan Orna was incorporated on 20 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Darshan Orna has 100 deals on record (99 market trades, 1 ipo); the latest was in December 2025.

The peers of Darshan Orna by revenue are MMJ Ornaments Private Limited, Firdous Gold Chemmad Private Limited, Rishabh Gold Jewels (India) Private Limited, Dania Oro Jewellery Private Limited, Genashi Gems Private Limited and 5 more, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution).

Manoharbhai Bharatbhai Chunara was appointed as Director on 12 Oct 2023. Satish Vadilal Sheth ceased to be Director on 12 Oct 2023. Prakash Ratilal Soni ceased to be Director on 01 Sep 2018. Darshan Orna has 13 board changes on record in total.

Darshan Orna can be reached through the website darshanorna.co.in. Its registered office is in Ahmedabad, Gujarat, India.

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