DuPont Decomposition
Why does AYMSYNTEX earn its ROE?
Breaking down Return on Equity into profitability, efficiency, and leverage.
ROE = Net Margin × Asset Turnover × Equity Multiplier
2.0% = 0.8% × 1.42 × 1.78
Latest: FY2025
Profitability
Net Margin
0.8%
0.3% →0.8%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
1.42x
0.36x →1.42x
Revenue per ₹ of assets
Leverage
Equity Multiplier
1.78x
2.19x →1.78x
Assets funded by equity vs debt
Trend Analysis
ROE improved by 1.8 pp over 3 years. Driven by asset turnover improving (0.36x → 1.42x), leverage falling (2.19x → 1.78x).
Historical Decomposition
Last 3 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2023 | ₹0Cr | ₹0Cr | 0.3% | 0.36 | 2.19 | 0.2% |
| FY2024 | ₹0Cr | ₹0Cr | 5.2% | 0.36 | 2.42 | 4.6% |
| FY2025 | ₹0Cr | ₹0Cr | 0.8% | 1.42 | 1.78 | 2.0% |
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.