Darshan Orna Ltd (DARSHANORNA) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Darshan Orna Ltd ₹0.95, price ₹2.07, upside -54.1%, quality 32 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Darshan Orna Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 25, 2026.
How to read this chart
60‑month range ₹2.07 – ₹29.34 · fair‑value band ₹0.8400 – ₹1.03 · the ₹2.07 price screens above the ₹0.9500 fair value. Dashed = 300-day average. As of Sep 25, 2026.
Follow Darshan Orna in your weekly email
Every Wednesday you see whether Darshan Orna is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Darshan Orna Limited engages in the wholesale and trade of gold and silver jewelries and ornaments in India. The company offers traditional, Indo-western, and modern jewelry products, such as chains, rings, ear chains, earrings, bracelets, anklets, zudas, bangles, toe rings, and necklaces.
Show more
Darshan Orna Limited engages in the wholesale and trade of gold and silver jewelries and ornaments in India. The company offers traditional, Indo-western, and modern jewelry products, such as chains, rings, ear chains, earrings, bracelets, anklets, zudas, bangles, toe rings, and necklaces. Darshan Orna Limited was incorporated in 2011 and is based in Ahmedabad, India.
Stock analysis
Darshan Orna Ltd (DARSHANORNA) currently trades at ₹2.07, while our model-based Fair Value estimate is ₹0.9500, 54.1% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹3.02 per share, and 6 of the 15 models we run sit above the ₹2.07 price.
Bear case: the Economic Profit group reads lowest at ₹1.07, and 9 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹0.8400 (bear) to ₹1.03 (bull), the price of ₹2.07 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 32/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Darshan Orna Ltd reported revenue of ₹715M in FY2026 versus ₹131M in FY2022, a compound +52.8%/yr. Reported net income was ₹6.5M in FY2026, compounding −4.7%/yr from FY2022.
Key figures
Market cap ₹207M (≈ $2.2M) · P/E ratio 51.8 · P/S ratio 0.47 · EPS (TTM) ₹0.0400 · Net margin 0.9% · Return on equity 2.9% · Return on assets (EBIT) 0.4% · Operating margin 0.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −3% fair-value upside, at −54%, DARSHANORNA screens richer than that median.
Fair Value models
Bear ₹0.8400Fair Value ₹0.9500Bull ₹1.03
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.0204 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+229.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+72.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+64.0%
Start year 2021 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+33.9%
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−24.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−24.4%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.0% → 1%
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Luxury Goods · 122 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside−53.6% · Below median
Profitability
Return on equity (TTM)2.9% · Below median
Return on assets0.2% · Bottom 25%
Net margin (TTM)1.1% · Bottom 25%
Operating margin (TTM)0.7% · Bottom 25%
Growth and dividend
Revenue growth−15.7% · Bottom 25%
Valuation Multiplesvs Luxury Goods median · lower = cheaper
P/E (TTM)51.8× · Priciest 25%
P/B0.59× · Cheapest 25%
P/S (TTM)0.38× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 15
FUTURE (revenue growth)0· sector 46
PAST (return on equity)12· sector 54
HEALTH (low debt)100· sector 99
DIVIDEND (yield)0· sector 56
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Darshan Orna Ltd (DARSHANORNA) overvalued or undervalued?
As of Sep 25, 2026, our model estimates a fair value of ₹0.9500 versus a price of ₹2.07, about −54% upside (overvalued).
What is the fair value of DARSHANORNA?
Our model-based fair value for Darshan Orna Ltd is ₹0.9500 (as of Sep 25, 2026), built from audited fundamentals. The current price: ₹2.07.
What is the quality score of DARSHANORNA?
Darshan Orna Ltd has a Quality Score of 32/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Darshan Orna Ltd (DARSHANORNA)?
Our model-based price target is the fair value of ₹0.9500 (as of Sep 25, 2026) from 15 valuation models. Cautious scenario ₹0.8400, optimistic scenario ₹1.03. It is a calculation from audited fundamentals, not an analyst target.
What is the Darshan Orna Ltd stock forecast for 2026?
Our models put fair value at ₹0.9500, about −54% upside versus a price of ₹2.07 (overvalued). Cautious scenario ₹0.8400, optimistic scenario ₹1.03. The calculation is refreshed regularly with new filings.
What is the revenue of Darshan Orna Ltd (DARSHANORNA)?
Darshan Orna Ltd reported trailing-twelve-month revenue of about ₹546M (latest available figure, as of Sep 25, 2026).
What is the intrinsic value of Darshan Orna Ltd (DARSHANORNA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Darshan Orna Ltd it is ₹0.9500 per share (as of Sep 25, 2026), against a price of ₹2.07. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Darshan Orna Ltd stock overvalued or undervalued in 2026?
As of Sep 25, 2026, DARSHANORNA trades above its calculated fair value: price ₹2.07, fair value ₹0.9500, a gap of about −54% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DARSHANORNA?
No. The price is what the market pays today (₹2.07); the fair value is what the company's own numbers justify (₹0.9500). For Darshan Orna Ltd the two are ₹1.12 per share apart. That gap is exactly why we show both numbers side by side.
How much is Darshan Orna Ltd worth?
The market values Darshan Orna Ltd at about ₹207M (market capitalisation, as of Sep 25, 2026). Per share that is ₹2.07; our models calculate a fair value of ₹0.9500 per share.
What do the bullish and bearish scenarios say about DARSHANORNA?
Our models span a range for Darshan Orna Ltd: cautious scenario ₹0.8400, base ₹0.9500, optimistic ₹1.03 per share (as of Sep 25, 2026, price ₹2.07). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DARSHANORNA?
Darshan Orna Ltd trades at a price-to-earnings ratio of 51.8 (as of Sep 25, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹0.9500 is built from several models across several years. Other multiples: P/B 0.6, P/S 0.4.
How solid is the balance sheet of Darshan Orna Ltd (DARSHANORNA)?
Balance-sheet figures for Darshan Orna Ltd (as of Sep 25, 2026): return on equity 2.9%. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is DARSHANORNA from its 52-week high?
Darshan Orna Ltd trades at ₹2.07, about 40% below its 52-week high of ₹3.43 and at the low of ₹2.07 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹0.9500 is for.
Which stocks are comparable to Darshan Orna Ltd?
From the same area (Consumer Cyclical) we also value Compagnie Financière Richemont SA, Christian Dior SE, Titan Company, Tapestry, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Darshan Orna Ltd stock attractive at the current price?
The data as of Sep 25, 2026: price ₹2.07, calculated fair value ₹0.9500 (−54%), Quality Score 32/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DARSHANORNA calculated?
We run Darshan Orna Ltd through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹0.9500, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Darshan Orna Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Darshan Orna Ltd (DARSHANORNA)?
The closing price on Oct 1, 2026 was ₹2.07. Our model-based fair value is ₹0.9500, about −54% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Darshan Orna Ltd right now?
The price sits above even our optimistic bull case (₹1.03). The favourable scenario is already priced in. Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Darshan Orna Ltd
How large is the market capitalisation of Darshan Orna Ltd (DARSHANORNA)?
The market capitalisation of Darshan Orna Ltd is ₹207M (≈ $2.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Darshan Orna Ltd (DARSHANORNA)?
The price-to-sales ratio of Darshan Orna Ltd is 0.47 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Darshan Orna Ltd (DARSHANORNA)?
Earnings per share at Darshan Orna Ltd are ₹0.0400 (price ÷ EPS = P/E 51.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Darshan Orna Ltd (DARSHANORNA)?
The net margin of Darshan Orna Ltd is 0.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Darshan Orna Ltd (DARSHANORNA)?
The return on equity (ROE) of Darshan Orna Ltd is 2.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Darshan Orna Ltd (DARSHANORNA)?
On an EBIT basis the return on assets of Darshan Orna Ltd is 0.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Darshan Orna Ltd (DARSHANORNA)?
The operating margin of Darshan Orna Ltd is 0.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Darshan Orna Ltd (DARSHANORNA)?
Revenue at Darshan Orna Ltd is growing −15.7% versus a year earlier (3y avg +72.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Darshan Orna Ltd (DARSHANORNA)?
Earnings per share at Darshan Orna Ltd are growing −59.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Darshan Orna Ltd (DARSHANORNA) generate?
The free cash flow of Darshan Orna Ltd is −₹146M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Darshan Orna Ltd (DARSHANORNA) carry?
The net debt of Darshan Orna Ltd is ₹127K (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Darshan Orna Ltd in the live analysis
One click puts Darshan Orna Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
