DuPont Decomposition
Why does AURIONPRO earn its ROE?
Breaking down Return on Equity into profitability, efficiency, and leverage.
ROE = Net Margin × Asset Turnover × Equity Multiplier
12.1% = 14.8% × 0.60 × 1.34
Latest: FY2026
Profitability
Net Margin
14.8%
14.0% →14.8%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
0.60x
0.78x →0.60x
Revenue per ₹ of assets
Leverage
Equity Multiplier
1.34x
1.63x →1.34x
Assets funded by equity vs debt
Trend Analysis
ROE declined by 5.8 pp over 5 years. Driven by asset turnover declining (0.78x → 0.60x), leverage falling (1.63x → 1.34x).
Historical Decomposition
Last 5 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2022 | ₹0Cr | ₹0Cr | 14.0% | 0.78 | 1.63 | 17.8% |
| FY2023 | ₹0Cr | ₹0Cr | 14.8% | 0.78 | 1.71 | 19.6% |
| FY2024 | ₹0Cr | ₹0Cr | 15.9% | 0.63 | 1.50 | 15.2% |
| FY2025 | ₹0Cr | ₹0Cr | 15.9% | 0.60 | 1.30 | 12.4% |
| FY2026 | ₹0Cr | ₹0Cr | 14.8% | 0.60 | 1.34 | 12.1% |
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.