Darshan Orna Ltd

Darshan Orna Ltd

₹ 5.07 -9.95%
26 Dec 4:01 p.m.
About

Incorporated in 2011, Darshan Orna Ltd is in the business of Gold & Silver Jewelry and Ornaments including Diamond Jewellery[1]

Key Points

Business Overview:[1][2]
Company is a Wholesaler of Gold & Silver Jewelry and Ornaments. It is also in the trading business of silver and distributor of readymade gold & silver Jewelry & Ornaments.
This comprises of Traditional Jewelry ~20%, ~40 % of Modern Jewelry and ~40 % of Indo‐Western Jewelry.
The company sources its raw material from its
suppliers based in Gujarat

  • Market Cap 25.4 Cr.
  • Current Price 5.07
  • High / Low 6.99 / 3.39
  • Stock P/E 8.60
  • Book Value 3.89
  • Dividend Yield 0.00 %
  • ROCE 17.8 %
  • ROE 16.7 %
  • Face Value 2.00

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -0.74%
  • Company has a low return on equity of 6.30% over last 3 years.
  • Earnings include an other income of Rs.3.44 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3.48 2.68 3.58 3.95 3.05 4.52 2.30 1.72 3.33 16.02 4.85 8.42 2.47
3.50 2.42 3.87 3.79 2.85 4.46 2.79 1.69 3.11 15.70 5.44 8.26 2.23
Operating Profit -0.02 0.26 -0.29 0.16 0.20 0.06 -0.49 0.03 0.22 0.32 -0.59 0.16 0.24
OPM % -0.57% 9.70% -8.10% 4.05% 6.56% 1.33% -21.30% 1.74% 6.61% 2.00% -12.16% 1.90% 9.72%
0.13 0.00 0.34 0.00 0.10 0.06 0.02 0.08 1.09 1.47 1.97 0.00 0.00
Interest 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.05 0.00 0.02 0.02
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.10 0.25 0.05 0.15 0.29 0.11 -0.48 0.10 1.30 1.74 1.38 0.14 0.22
Tax % 10.00% 8.00% 0.00% 26.67% 10.34% 27.27% -16.67% 20.00% 25.38% 21.26% 5.80% 21.43% 18.18%
0.09 0.24 0.04 0.11 0.26 0.08 -0.40 0.08 0.97 1.37 1.30 0.10 0.18
EPS in Rs 0.02 0.05 0.01 0.02 0.05 0.02 -0.08 0.02 0.19 0.27 0.26 0.02 0.04
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0.80 1.20 8.23 15.30 11.72 39.69 9.26 18.14 6.02 13.10 13.82 20.87 31.76
0.80 1.20 8.20 15.33 11.64 39.16 9.04 19.79 6.03 13.00 13.87 21.13 31.63
Operating Profit 0.00 0.00 0.03 -0.03 0.08 0.53 0.22 -1.65 -0.01 0.10 -0.05 -0.26 0.13
OPM % 0.00% 0.00% 0.36% -0.20% 0.68% 1.34% 2.38% -9.10% -0.17% 0.76% -0.36% -1.25% 0.41%
0.00 0.00 0.00 0.04 0.04 -0.26 0.00 -0.01 2.06 0.83 0.18 3.44 3.44
Interest 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.02 0.05 0.05 0.05 0.05 0.09
Depreciation 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.00 0.00 0.03 0.00 0.10 0.26 0.22 -1.68 2.00 0.88 0.08 3.13 3.48
Tax % 0.00% 30.00% 57.69% 27.27% 0.00% 8.00% 10.23% 25.00% 14.38%
0.00 0.00 0.02 0.00 0.07 0.10 0.15 -1.68 1.84 0.79 0.06 2.67 2.95
EPS in Rs 0.00 0.00 0.04 0.00 0.01 0.02 0.03 -0.34 0.37 0.16 0.01 0.53 0.59
Dividend Payout % 0.00% 0.00% 119.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 33%
5 Years: 18%
3 Years: 51%
TTM: 168%
Compounded Profit Growth
10 Years: %
5 Years: 78%
3 Years: 260%
TTM: 304%
Stock Price CAGR
10 Years: %
5 Years: -13%
3 Years: -32%
1 Year: 43%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 6%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.05 0.05 0.52 3.51 4.76 4.76 10.01 10.01 10.01 10.01 10.01 10.01 10.01
Reserves 0.24 0.24 2.89 0.62 7.00 7.12 2.18 0.17 2.09 3.03 3.05 8.91 9.47
0.00 0.10 0.00 0.25 0.01 0.35 0.00 0.00 0.00 0.00 0.00 3.69 4.69
0.02 0.02 0.17 0.88 0.34 0.61 0.78 2.90 0.23 0.30 0.35 1.98 1.43
Total Liabilities 0.31 0.41 3.58 5.26 12.11 12.84 12.97 13.08 12.33 13.34 13.41 24.59 25.60
0.00 0.00 0.03 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.00
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.73 4.73 4.99 3.13 1.54 1.92 1.63 5.71 5.66
0.31 0.41 3.55 5.24 11.36 8.09 7.97 9.94 10.78 11.41 11.77 18.87 19.94
Total Assets 0.31 0.41 3.58 5.26 12.11 12.84 12.97 13.08 12.33 13.34 13.41 24.59 25.60

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.03 0.06 -2.87 -0.24 -6.73 4.08 0.02 -1.46 -3.99 -0.92 0.30 -6.41
0.00 0.00 -0.03 0.00 -0.94 -4.00 -0.26 1.85 3.60 0.52 -0.11 -0.64
0.08 0.00 3.33 0.00 7.54 0.00 0.15 -0.18 0.08 0.10 -0.02 -0.05
Net Cash Flow 0.05 0.06 0.42 -0.24 -0.13 0.08 -0.09 0.21 -0.31 -0.31 0.16 -7.10

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 18.25 6.08 90.92 82.30 190.91 53.43 134.02 101.01 32.74 8.64 62.07 0.00
Inventory Days 105.66 88.78 42.81 24.27 153.74 17.62 176.24 78.09 625.62 315.84 251.56 322.45
Days Payable 9.61 3.29 0.45 0.24 4.88 2.34 27.56 51.13 5.00 6.00 6.17 2.64
Cash Conversion Cycle 114.30 91.58 133.28 106.33 339.77 68.71 282.69 127.97 653.37 318.47 307.46 319.81
Working Capital Days 109.50 85.17 126.40 89.22 338.53 66.67 277.10 134.41 636.63 316.80 303.99 300.99
ROCE % 0.00% 0.00% 1.58% 0.00% 1.36% 4.58% 1.80% -14.75% -0.09% 0.88% -0.38% 17.84%

Shareholding Pattern

Numbers in percentages

84 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
48.79% 47.97% 46.04% 44.88% 44.74% 44.72% 44.72% 44.37% 44.37% 44.37% 42.43% 41.69%
51.21% 52.03% 53.96% 55.12% 55.26% 55.27% 55.27% 55.62% 55.63% 55.63% 57.58% 58.31%
No. of Shareholders 1,7397,5437,54412,16711,90511,60911,22711,03911,70414,95616,72219,379

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