DuPont Decomposition
Why does AEGISVOPAK earn its ROE?
Breaking down Return on Equity into profitability, efficiency, and leverage.
ROE = Net Margin × Asset Turnover × Equity Multiplier
7.2% = 33.6% × 0.11 × 1.97
Latest: FY2026
Profitability
Net Margin
33.6%
-0.0% →33.6%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
0.11x
0.10x →0.11x
Revenue per ₹ of assets
Leverage
Equity Multiplier
1.97x
3.65x →1.97x
Assets funded by equity vs debt
Trend Analysis
ROE improved by 7.2 pp over 3 years. Driven by net margin improving (-0.0% → 33.6%), leverage falling (3.65x → 1.97x).
Historical Decomposition
Last 3 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2023 | ₹0Cr | ₹-0Cr | -0.0% | 0.10 | 3.65 | -0.0% |
| FY2024 | ₹0Cr | ₹0Cr | 15.4% | 0.12 | 4.54 | 8.7% |
| FY2026 | ₹0Cr | ₹0Cr | 33.6% | 0.11 | 1.97 | 7.2% |
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.