Darshan Orna Ltd - Stock Valuation and Financial Performance

BSE: 539884 | NSE: | Diamond & Jewellery | Small Cap

Darshan Orna Share Price

5.06 0.35 7.43%
as on 21-Nov'24 16:59

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Darshan Orna stock performance -

mw4me loader
P/E Ratio (SA):
12.24
Market Cap:
23.6 Cr.
52-wk low:
2.6
52-wk high:
6.5

Is Darshan Orna Ltd an attractive stock to invest in?

1. Is Darshan Orna Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Darshan Orna Ltd is a below average quality company.

2. Is Darshan Orna Ltd undervalued or overvalued?

The key valuation ratios of Darshan Orna Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Darshan Orna Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Darshan Orna Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Darshan Orna:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Darshan Orna Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 1%6%1.5%0.2%3.5%2.2%1.8%-14.9%18.4%7.4%-
Value Creation
Index
-0.9-0.6-0.9-1.0-0.8-0.9-0.9-2.10.3-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.81.28.215.311.739.79.318.1613.127
Sales YoY Gr.-50%585.8%85.9%-23.4%238.7%-76.6%95.5%-66.8%117.3%-
Adj EPS 000000.10-0.30.100.4
YoY Gr.-0%0%-100%NA500%-33.3%-950%NA-50%-
BVPS (₹) 0.90.911.12.42.42.422.42.63.9
Adj Net
Profit
00000.10.30.2-1.70.40.22
Cash Flow from Ops. 00.1-2.9-0.2-6.74.10-1.5-4-0.9-
Debt/CF from Ops. 01.70-100.10000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 36.4%2.3%12.2%117.3%
Adj EPS 16.7%32%0%-50%
BVPS12.2%2%2.1%7.4%
Share Price - -11.5% -31.4% 61.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on
Equity %
0.70.81.30.10.92.51.6-153.61.711.7
Op. Profit
Mgn %
0.31.70.4-0.12.11.33.1-9.1-0.20.8-0.4
Net Profit
Mgn %
0.20.20.300.60.82.1-9.36.71.67.1
Debt to
Equity
00.400.10000000
Working Cap
Days
10584739525188308175615312269
Cash Conv.
Cycle
9978738923783286138555302192

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.70%

Sales growth is growing at healthy rate in last 3 years 12.18%

Sales growth is good in last 4 quarters at 117.45%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Darshan Orna Ltd.

Standalone Consolidated
TTM EPS (₹) 0.4 -
TTM Sales (₹ Cr.) 26.7 -
BVPS (₹.) 3.9 -
Reserves (₹ Cr.) 9 -
P/BV 1.21 -
PE 12.24 -
From the Market
52 Week Low / High (₹) 2.62 / 6.50
All Time Low / High (₹) 1.63 / 30.00
Market Cap (₹ Cr.) 23.6
Equity (₹ Cr.) 10
Face Value (₹) 2
Industry PE 83.9

Management X-Ray of Darshan Orna:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Darshan Orna

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22
Sales0.801.208.2315.3011.7239.699.2818.146.0213.10
Operating Expenses 0.801.188.2015.3211.4739.169.0619.816.0412.99
Manufacturing Costs0.020.020.150.3200.090.070.050.030.01
Material Costs0.761.127.9514.8711.2338.948.7419.625.8512.77
Employee Cost 0.010.020.040.090.06000.030.030.03
Other Costs 0.020.020.060.040.180.130.250.100.140.18
Operating Profit 00.020.03-0.020.250.530.22-1.66-0.010.10
Operating Profit Margin (%) 0.3%1.7%0.4%-0.1%2.1%1.3%2.3%-9.2%-0.2%0.8%
Other Income 0000.040.040.02002.060.83
Interest 00.02000.180.0100.020.050.05
Depreciation 0000.010.0100000
Exceptional Items 00000-0.280000
Profit Before Tax 000.030.010.100.250.21-1.6820.88
Tax 00000.030.150.0600.150.09
Profit After Tax 000.0200.070.100.15-1.681.840.79
PAT Margin (%) 0.2%0.2%0.3%0.0%0.6%0.3%1.6%-9.3%30.6%6.0%
Adjusted EPS (₹)0.00.00.00.00.00.00.0-0.30.40.2
Dividend Payout Ratio (%)0%0%0%0%0%118%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22

Equity and Liabilities

Shareholders Fund 0.290.293.414.1311.7711.8912.1910.1812.0913.03
Share Capital 0.050.050.523.514.764.7610.0110.0110.0110.01
Reserves 0.240.242.890.6277.122.180.172.093.03
Minority Interest0000000000
Debt00.1000.250.010.350000
Long Term Debt0000000000
Short Term Debt00.1000.250.010.350000
Trade Payables0.020.010.010.010.150.250.662.750.080.21
Others Liabilities 000.160.870.170.350.120.150.160.10
Total Liabilities 0.310.413.585.2612.1012.8512.9713.0712.3313.34

Fixed Assets

Gross Block000.030.030.030.040.040.040.040.04
Accumulated Depreciation0000.010.010.020.020.030.030.03
Net Fixed Assets000.030.020.020.020.010.010.010.01
CWIP 0000000000
Investments 00000.734.734.993.131.541.92
Inventories0.220.270.951.014.731.884.224.2010.0111.05
Trade Receivables0.040.022.053.456.135.813.405.020.540.31
Cash Equivalents 0.050.110.530.290.160.240.150.360.05-0.26
Others Assets000.020.480.340.170.190.350.180.30
Total Assets 0.310.413.585.2612.1012.8512.9713.0712.3313.34

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22
Cash Flow From Operating Activity -0.030.06-2.87-0.24-6.734.080.02-1.46-3.99-0.85
PBT 000.030.010.150.250.21-1.6820.88
Adjustment 0000.010.010.0400.02-2.01-0.77
Changes in Working Capital -0.030.06-2.9-0.25-6.883.79-0.130.21-3.82-0.86
Tax Paid 000000-0.060-0.16-0.09
Cash Flow From Investing Activity 00-0.030-0.94-4-0.261.853.600.44
Capex 00-0.030000000
Net Investments 0000-0.73-4.01-0.261.861.59-0.39
Others 0000-0.2100-0.022.010.83
Cash Flow From Financing Activity 0.0803.3307.5400.15-0.180.080.10
Net Proceeds from Shares 0.0803.3307.5400000
Net Proceeds from Borrowing 0000000000
Interest Paid 000000000-0.05
Dividend Paid 0000000000
Others 0000000.15-0.180.080.15
Net Cash Flow 0.050.060.42-0.24-0.130.08-0.090.21-0.31-0.31
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22
Ratios
ROE (%)0.730.771.270.120.910.851.24-15.0616.536.28
ROCE (%)0.956.031.470.183.472.161.76-14.9118.357.41
Asset Turnover Ratio3.093.354.133.461.353.180.721.390.471.02
PAT to CFO Conversion(x)N/AN/A-143.5N/A-96.1440.80.13N/A-2.17-1.08
Working Capital Days
Receivable Days1694666149551818516912
Inventory Days96742723893012085430293
Payable Days6600321932884

Darshan Orna Ltd Stock News

Darshan Orna Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Darshan Orna on 21-Nov-2024 16:59 is ₹5.06.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Darshan Orna stood at ₹23.56.
The latest P/E ratio of Darshan Orna as of 21-Nov-2024 16:59 is 12.24.
The latest P/B ratio of Darshan Orna as of 21-Nov-2024 16:59 is 1.21.
The 52-week high of Darshan Orna is ₹6.50 and the 52-week low is ₹2.62.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Darshan Orna is ₹26.71 ( Cr.) .

About Darshan Orna Ltd

The company was originally incorporated at Ahmedabad as “Darshan Orna Private Limited” on January 20, 2011 under the provisions of the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. The company was converted in to a Public Limited Company and consequently the name was changed to “Darshan Orna Limited” vide fresh certificate of incorporation dated May 29, 2015  issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli.

The company is integrated as a Wholesaler of Jewellery & Ornaments. Apart from being a wholesaler, the company is also into trading business of silver and distributor of readymade gold & silver Jewellery & Ornaments. The company’s portfolio of products includes gold and silver jewellery with or without studded precious and semi-precious stones. Its Jewelries and ornaments are designed keeping in mind the demand for the Traditional, Modern & Indo-Western jewellery & ornaments in India.

With regional diversity of tastes and preferences, the company has diverse portfolio of Ornaments and Jewellery to suit the taste and preferences of one & all. Its portfolio comprises of 20% Traditional Jewellery, 40% of Modern Jewellery & 40% of Indo-Western Jewellery. Its gold & silver traditional jewelries & ornaments are either made with kundan, gem stones, American diamonds etc or just plain gold or silver.

The company’s products have presence across different price points and cater to customers across high-end, mid-market and value market segments. Its jewelries are sold only to the jewellery retailers within Ahmedabad. Owing to the relationship it has built with its clients, customization of the jewellery, the quality, design & pattern of its jewelries, its portfolio of clients over the 4 years has increased from 63 to 102.

Key events and milestones

  • 20.01.2011: Incorporation of Darshan Orna Private Limited.
  • 31.03.2012: Increase in Authorized Share capital from Rs 1,00,000 to Rs 3,50,000.
  • 31.03.2012: Allotment of 15,000 Equity Shares.
  • 31.03.2013: Increase in Authorized Share capital from Rs 3,50,000 to Rs 4,60,000.
  • 31.03.2013: Allotment of 21,000 Equity Shares.
  • 09.03.2015: Increase in Authorized Share capital from Rs 4,60,000 to 75,00,000.
  • 31.03.2015: Conversion of Loan amount Rs. 100.33 Lakhs into 1,54,358 equity shares.
  • 31.03.2015: Conversion of Loan (against purchase of goods i.e., other than cash) amount Rs 209.63 Lakhs into 3,22,518 equity shares.
  • 29.05.2015: Converted to Public Limited.
  • 05.08.2015: Increase in Authorized Share capital from Rs 75,00,000 to Rs 3,40,00,000.
  • 05.08.2015: Allotment of 28,75,818 Bonus Shares out of free reserves.
  • 03.09.2015: Increase in Authorized Share capital from Rs 3,40,00,000 to Rs 4,50,00,000.
  • 11.09.2015: Conversion of Loan amount Rs. 71.50 Lakhs into 1,10,000 equity shares.
  • 07.12.2015: Increase in Authorized Share capital from Rs 4,50,00,000 to Rs 4,70,00,000.
  • 24.02.2016: Increase in Authorized Share capital from Rs 4,70,00,000 to Rs 4,80,00,000.
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