DuPont Decomposition
Why does AEGISLOG earn its ROE?
Breaking down Return on Equity into profitability, efficiency, and leverage.
ROE = Net Margin × Asset Turnover × Equity Multiplier
11.6% = 10.1% × 0.58 × 1.96
Latest: FY2025
Profitability
Net Margin
10.1%
7.4% →10.1%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
0.58x
0.30x →0.58x
Revenue per ₹ of assets
Leverage
Equity Multiplier
1.96x
2.03x →1.96x
Assets funded by equity vs debt
Trend Analysis
ROE improved by 7.1 pp over 3 years. Driven by net margin improving (7.4% → 10.1%), asset turnover improving (0.30x → 0.58x).
Historical Decomposition
Last 3 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2023 | ₹0Cr | ₹0Cr | 7.4% | 0.30 | 2.03 | 4.5% |
| FY2024 | ₹0Cr | ₹0Cr | 17.4% | 0.23 | 1.30 | 5.3% |
| FY2025 | ₹0Cr | ₹0Cr | 10.1% | 0.58 | 1.96 | 11.6% |
How to read DuPont
- • Rising ROE from margin = pricing power, operational improvement (good)
- • Rising ROE from turnover = better asset utilization (good)
- • Rising ROE from leverage = more debt, amplified risk (caution)
- • Falling ROE across all three = structural deterioration (red flag)
DuPont decomposition from audited annual financials. Factual analysis, not investment advice.