Darshan Orna Limited

BSE: 539884
Darshan Orna Limited - consumer goods in Ahmedabad, Gujarat, India. FY 2026 financials and 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
Revenue · FY 2026
₹71.49 Cr
▲ 229.61% YoY
Computed EBITDA · FY 2026
₹94.85 Lakh
▲ 50.41% YoY
Net profit · FY 2026
₹65.07 Lakh
▲ 39.58% YoY
Authorised capital
₹20.2 Cr
Registered with MCA
Paid-up capital
₹20.01 Cr
Issued & subscribed
Open charges
₹98 Lakh
Secured borrowings
Company age
15 yrs
Est. 2011
Last financials
Mar 2025
Balance sheet date

About Darshan Orna Limited

Data last updated: 14 July 2026

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 U36910GJ2011PLC063745. 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 Arunaben Mahendrakumar Shah and Mahendrabhai Ramniklal Shah.

Last AGM: 27 September 2025. Financial statements filed for year ended 31 March 2025. Office: Ahmedabad, Gujarat.

As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹71.49 Cr, reflecting significant growth compared to the previous year. The net worth stands at ₹35.28 Cr (up 79.81% YoY). Total assets are valued at ₹40.62 Cr (up 49.81% 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 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
Key People
Ritesh Mahendrabhai Sheth Managing Director Arunaben Mahendrakumar Shah Director Mahendrabhai Ramniklal Shah Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    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
Company report
Darshan Orna Limited - full intelligence report
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Financials, compliance, directors, charges, ownership and filings for Darshan Orna Limited in one report.

10-year financials Directors & ownership Charges & compliance

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
Darshan Orna
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 Locked
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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 5 directors, with 6 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Arunaben Mahendrakumar Shah
Also directs: Kriyansh Gold Private Limited
Director 20 Jan 2011 15 Years 7 Months Current
Mahendrabhai Ramniklal Shah
Also directs: Viram Suvarn Limited
Director 20 Jan 2011 15 Years 7 Months Current
Ritesh Mahendrabhai Sheth
Also directs: Kriyansh Gold Private Limited, Accu Knowledge Llp
Managing Director 18 Feb 2015 11 Years 6 Months Current
Dinesh Hiran Director 05 Jan 2017 9 Years 7 Months Current
Manoharbhai Bharatbhai Chunara
Also directs: Viram Suvarn Limited, Guru Krupa Gems And Jewellery Limited
Director 12 Oct 2023 2 Years 10 Months Current
View all directors

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.

Revenue · FY 2026
₹71.49 Cr ▲ 229.61%
Profit · FY 2026
₹65.07 Lakh ▲ 39.58%
Computed EBITDA · FY 2026
₹94.85 Lakh ▲ 50.41%
Revenue₹ Cr · Standalone0255075FY 2018: ₹40 Cr39.7FY 2018FY 2019: ₹9 Cr · -76.6% YoY9.3-76.6%FY 2019FY 2020: ₹18 Cr · +95.5% YoY18.1+95.5%FY 2020FY 2021: ₹6 Cr · -66.8% YoY6-66.8%FY 2021FY 2022: ₹13 Cr · +117.4% YoY13.1+117.4%FY 2022FY 2023: ₹14 Cr · +5.5% YoY13.8+5.5%FY 2023FY 2024: ₹21 Cr · +51% YoY20.9+51%FY 2024FY 2025: ₹22 Cr · +3.9% YoY21.7+3.9%FY 2025FY 2026: ₹71 Cr · +229.6% YoY71.5+229.6%FY 2026
Net Profit₹ Cr · Standalone-2-10123FY 2018: ₹0 Cr0.4FY 2018FY 2019: ₹0 Cr · -61.1% YoY0.1-61.1%FY 2019FY 2020: ₹2 Cr (loss) · -1228.6% YoY-1.7FY 2020FY 2021: ₹2 Cr · +209.3% YoY1.8+209.3%FY 2021FY 2022: ₹1 Cr · -57.2% YoY0.8-57.2%FY 2022FY 2023: ₹0 Cr · -92.6% YoY0.1-92.6%FY 2023FY 2024: ₹3 Cr · +4474.8% YoY2.7+4474.8%FY 2024FY 2025: ₹0 Cr · -82.6% YoY0.5-82.6%FY 2025FY 2026: ₹1 Cr · +39.6% YoY0.7+39.6%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0102030Q1'25: ₹8 Cr8.4Q1'25Q2'25: ₹2 Cr2.5Q2'25Q3'25: ₹2 Cr2.4Q3'25Q4'25: ₹8 Cr8.4Q4'25Q1'26: ₹15 Cr · +75.6% YoY14.8+75.6%Q1'26Q2'26: ₹6 Cr · +155.8% YoY6.3+155.8%Q2'26Q3'26: ₹25 Cr · +945.5% YoY25.1+945.5%Q3'26Q4'26: ₹25 Cr · +201.3% YoY25.3+201.3%Q4'26
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
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
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
Latest 8 quarters shown.
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Charges & Borrowings of Darshan Orna Limited

Open charges
₹98 Lakh
Satisfied charges
₹0
Breakdown by lending institutions
Tamilnad Mercantile Bank Limited₹0.98 Cr
Latest charge details
DateLenderAmountStatus
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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GST Compliance of Darshan Orna Limited

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Credit Ratings, Litigation & Regulatory Alerts for Darshan Orna Limited

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MSME Payment Delays by Darshan Orna Limited

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MSME payment history for Darshan Orna Limited

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Subsidiaries & Group Companies of Darshan Orna Limited

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Corporate group structure for Darshan Orna Limited

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MCA Filings & Documents of Darshan Orna Limited

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Recent Activity on Darshan Orna Limited

Activity
27 Sep 2025
Darshan Orna Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Charges
26 Jun 2025
A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 0.38 Cr with Charge ID 101121854 was registered on 26 Jun 2025.
Directors
06 May 2025
Shivani Maharshi Joshi was appointed as a Company Secretary on 06 May 2025 & has been associated with this company since 1 year 3 months.
Activity
31 Mar 2025
Darshan Orna Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Directors
12 Oct 2023
Manoharbhai Bharatbhai Chunara was appointed as a Director on 12 Oct 2023 & has been associated with this company since 2 years 10 months.
Charges
31 Dec 2019
A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 0.60 Cr with Charge ID 100321562 was registered on 31 Dec 2019.

Recent News on Darshan Orna Limited

Board of Darshan Orna approves expansion of business
14 Jan 2019 · Business Standard

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 ₹71.49 Cr for FY 2026 (up 229.61% YoY) based on standalone BSE filings.

The current directors of Darshan Orna Limited are:

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.

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