Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.33 | 10.97 | 4.85 | 8.42 | 2.47 | 2.40 | 8.40 | 14.78 | 6.31 | 25.07 | 25.32 | 12.47 |
| Expenses | 3.11 | 10.88 | 5.44 | 8.26 | 2.23 | 2.26 | 9.11 | 14.50 | 5.95 | 24.98 | 25.11 | 12.39 |
| Operating Profit | 0.22 | 0.09 | -0.59 | 0.16 | 0.24 | 0.14 | -0.71 | 0.28 | 0.36 | 0.09 | 0.21 | 0.08 |
| OPM % | 6.61% | 0.82% | -12.16% | 1.90% | 9.72% | 5.83% | -8.45% | 1.89% | 5.71% | 0.36% | 0.83% | 0.64% |
| Other Income | 1.09 | 0.29 | 1.97 | 0.00 | 0.04 | 0.00 | 0.78 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Interest | 0.01 | 0.02 | 0.00 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | -0.03 | 0.06 | 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 |
| Profit before tax | 1.30 | 0.36 | 1.38 | 0.14 | 0.26 | 0.13 | 0.05 | 0.26 | 0.34 | 0.12 | 0.16 | 0.06 |
| Tax % | 25.38% | 5.56% | 5.80% | 21.43% | 15.38% | 15.38% | 20.00% | 19.23% | 29.41% | 25.00% | 31.25% | 16.67% |
| Net Profit | 0.97 | 0.34 | 1.30 | 0.10 | 0.22 | 0.11 | 0.04 | 0.21 | 0.24 | 0.09 | 0.11 | 0.05 |
| EPS in Rs | 0.10 | 0.03 | 0.13 | 0.01 | 0.02 | 0.01 | 0.00 | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15.30 | 11.72 | 39.69 | 9.26 | 18.14 | 6.02 | 13.10 | 13.82 | 20.87 | 21.69 | 71.49 | 69.17 |
| Expenses | 15.33 | 11.64 | 39.16 | 9.04 | 19.79 | 6.03 | 13.00 | 13.87 | 21.13 | 21.63 | 70.56 | 68.43 |
| Operating Profit | -0.03 | 0.08 | 0.53 | 0.22 | -1.65 | -0.01 | 0.10 | -0.05 | -0.26 | 0.06 | 0.93 | 0.74 |
| OPM % | -0.20% | 0.68% | 1.34% | 2.38% | -9.10% | -0.17% | 0.76% | -0.36% | -1.25% | 0.28% | 1.30% | 1.07% |
| Other Income | 0.04 | 0.04 | -0.26 | 0.00 | -0.01 | 2.06 | 0.83 | 0.18 | 3.44 | 0.57 | 0.01 | 0.01 |
| Interest | 0.00 | 0.01 | 0.01 | 0.00 | 0.02 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.07 |
| Depreciation | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.00 | 0.10 | 0.26 | 0.22 | -1.68 | 2.00 | 0.88 | 0.08 | 3.13 | 0.57 | 0.88 | 0.68 |
| Tax % | 30.00% | 57.69% | 27.27% | 0.00% | 8.00% | 10.23% | 25.00% | 14.38% | 17.54% | 26.14% | ||
| Net Profit | 0.00 | 0.07 | 0.10 | 0.15 | -1.68 | 1.84 | 0.79 | 0.06 | 2.67 | 0.47 | 0.65 | 0.49 |
| EPS in Rs | 0.00 | 0.01 | 0.01 | 0.02 | -0.17 | 0.18 | 0.08 | 0.01 | 0.27 | 0.05 | 0.06 | 0.04 |
| Dividend Payout % | 0.00% | 119.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 17% | 64% | 73% | 147% | ||
| Compounded Profit Growth | % | 67% | 121% | -16% | ||
| Stock Price CAGR | -16% | -43% | -33% | -64% | ||
| Return on Equity | 0% | 1% | 2% | 3% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.52 | 3.51 | 4.76 | 4.76 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 |
| Reserves | 2.89 | 0.62 | 7.00 | 7.12 | 2.18 | 0.17 | 2.09 | 3.03 | 3.05 | 8.91 | 9.62 | 10.22 |
| Borrowings | 0.00 | 0.25 | 0.01 | 0.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.69 | 6.31 | 4.80 |
| Other Liabilities | 0.17 | 0.88 | 0.34 | 0.61 | 0.78 | 2.90 | 0.23 | 0.30 | 0.35 | 1.97 | 1.17 | 0.98 |
| Total Liabilities | 3.58 | 5.26 | 12.11 | 12.84 | 12.97 | 13.08 | 12.33 | 13.34 | 13.41 | 24.58 | 27.11 | 26.01 |
| Fixed Assets | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 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 |
| Investments | 0.00 | 0.00 | 0.73 | 4.73 | 4.99 | 3.13 | 1.54 | 1.92 | 1.63 | 5.71 | 4.71 | 4.56 |
| Other Assets | 3.55 | 5.24 | 11.36 | 8.09 | 7.97 | 9.94 | 10.78 | 11.41 | 11.77 | 18.86 | 22.40 | 21.45 |
| Total Assets | 3.58 | 5.26 | 12.11 | 12.84 | 12.97 | 13.08 | 12.33 | 13.34 | 13.41 | 24.58 | 27.11 | 26.01 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -2.87 | -0.24 | -6.73 | 4.08 | 0.02 | -1.46 | -3.99 | -0.92 | 0.27 | -2.72 | -1.54 | |
| Cash from Investing Activity | -0.03 | 0.00 | -0.94 | -4.00 | -0.26 | 1.85 | 3.60 | 0.52 | -0.11 | 2.90 | 1.81 | |
| Cash from Financing Activity | 3.33 | 0.00 | 7.54 | 0.00 | 0.15 | -0.18 | 0.08 | 0.10 | 0.00 | -0.05 | 0.18 | |
| Net Cash Flow | 0.42 | -0.24 | -0.13 | 0.08 | -0.09 | 0.21 | -0.31 | -0.31 | 0.16 | 0.13 | 0.45 | |
| Free Cash Flow | -2.90 | -0.24 | -6.73 | 4.08 | 0.02 | -1.46 | -3.99 | -0.92 | 0.27 | -2.72 | -1.54 | |
| CFO/OP | -9,567% | 800% | -8,412% | 770% | 36% | 88% | 38,300% | -830% | -580% | 873% | -2,400% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 90.92 | 82.30 | 190.91 | 53.43 | 134.02 | 101.01 | 32.74 | 8.64 | 62.07 | 0.00 | 43.25 | |
| Inventory Days | 42.81 | 24.27 | 153.74 | 17.62 | 176.24 | 78.09 | 625.62 | 315.84 | 251.56 | 322.45 | 320.93 | |
| Days Payable | 0.45 | 0.24 | 4.88 | 2.34 | 27.56 | 51.13 | 5.00 | 6.00 | 6.17 | 2.64 | 3.93 | |
| Cash Conversion Cycle | 133.28 | 106.33 | 339.77 | 68.71 | 282.69 | 127.97 | 653.37 | 318.47 | 307.46 | 319.81 | 360.25 | |
| Working Capital Days | 126.40 | 83.26 | 338.22 | 63.45 | 277.10 | 134.41 | 636.63 | 316.80 | 303.99 | 236.45 | 248.55 | |
| ROCE % | 1.58% | 0.00% | 1.36% | 4.58% | 1.80% | -14.75% | -0.09% | 0.88% | 1.00% | -1.46% | 3.58% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 44.37% | 44.37% | 44.37% | 42.43% | 41.69% | 30.40% | 30.40% | 30.40% | 30.40% | 34.17% | 34.17% | 34.17% |
| Public | 55.62% | 55.63% | 55.63% | 57.58% | 58.31% | 69.60% | 69.60% | 69.60% | 69.59% | 65.84% | 65.83% | 65.83% |
| No. of Shareholders | 11,039 | 11,704 | 14,956 | 16,722 | 19,379 | 23,666 | 25,437 | 25,179 | 24,357 | 23,833 | 23,155 | 22,761 |
Fundamentals
Market Cap₹ 20.8 Cr.
Current Price₹ 2.08
Stock P/E42.5
Book Value₹ 2.02
ROCE3.62 %
ROE3.31 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)147%
Compounded Profit Growth (TTM)-16%
Standalone figures.
Valuation
Market capRs 21 Cr
Enterprise valueRs 21 Cr
P/E (TTM)42.27x
Price to sales0.30x
EV / EBITDA27.61x
EV / EBIT27.61x
EV / sales0.30x
Earnings yield2.37%
P/E, 3-year average7.41x
P/B, 3-year average0.38x
P/E, 5-year average41.39x
P/B, 5-year average0.99x
Profitability
Operating margin (excl. other income)1.30%
Operating margin (incl. other income)1.31%
EBITDA margin1.08%
Pre-tax margin0.98%
Net profit margin0.71%
Net margin, latest quarter0.40%
ROE, 3-year average9.57%
ROCE, 3-year average10.21%
ROA, 3-year average7.94%
ROE, 5-year average6.47%
ROCE, 5-year average7.21%
ROA, 5-year average5.62%
Tax rate26.14%
Growth
Sales growth (latest year)229.60%
Profit growth (latest year)38.30%
Sales CAGR, 3 years72.95%
Sales CAGR, 5 years64.03%
Profit CAGR, 3 years121.27%
Profit CAGR, 5 years-18.79%
Sales growth QoQ-50.75%
Profit growth QoQ-54.55%
Sales growth YoY (latest quarter)-15.63%
Profit growth YoY (latest quarter)-76.19%
Per share
EPS (TTM)Rs 0.05
EPS (latest quarter)Rs 0.01
EPS, 3-year averageRs 1.57
EPS, 5-year averageRs 1.00
Sales per shareRs 6.91
Free cash flow per shareRs -0.15
Efficiency
Creditor days4 days
Cash conversion cycle360 days
Working capital days249 days
Leverage
Net debt / EBITDA0.00x
Interest coverage10.71x
Cash flow
Free cash flow (latest year)Rs -2 Cr
Cash from ops / profit, 5 years-1.53x
Statement figures
Net sales (TTM)Rs 69 Cr
Net sales (latest year)Rs 71 Cr
Sales (latest quarter)Rs 12 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 70 Cr
Total expenditure (latest year)Rs 71 Cr
Total income (latest year)Rs 72 Cr
Shares outstanding (crore)10.00
Ownership
Promoter holding34.17% (+3.77 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 42.3 is at the 28th percentile of its own 4.4-year range
(median 83.1, low 26.9, high 332.0).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 539884 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.4% | -2.8% | +0.4 pts |
| 1 month | -5.5% | -6.8% | +1.3 pts |
| 3 months | -8.8% | -7.6% | -1.2 pts |
| 3 years | -69.7% | +14.2% | -83.9 pts |
| 5 years | -94.5% | +27.9% | -122.4 pts |
Red flags
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹12 Cr -15.6% vs Jun 2025.
Net profit ₹0 Cr -76.2%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Darshan Orna Ltd?
Darshan Orna Ltd (539884) has a market capitalisation of Rs 20.8 Cr. at the 2026-10-01 close.
What is the P/E ratio of Darshan Orna Ltd?
Darshan Orna Ltd trades at a P/E of 42.5 on trailing twelve-month profit, at the 2026-10-01 close.
What were Darshan Orna Ltd's latest quarterly results?
In the Jun 2026 quarter, Darshan Orna Ltd sales was Rs 12 Cr (-15.6% vs Jun 2025) and net profit was Rs 0 Cr.