DuPont Decomposition
Why does CONTROLPR earn its ROE?
Breaking down Return on Equity into profitability, efficiency, and leverage.
ROE = Net Margin × Asset Turnover × Equity Multiplier
24.3% = 23.5% × 0.84 × 1.23
Latest: FY2025
Profitability
Net Margin
23.5%
17.4% →23.5%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
0.84x
0.81x →0.84x
Revenue per ₹ of assets
Leverage
Equity Multiplier
1.23x
1.27x →1.23x
Assets funded by equity vs debt
Trend Analysis
ROE improved by 6.3 pp over 3 years. Driven by net margin improving (17.4% → 23.5%).
Historical Decomposition
Last 3 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2023 | ₹0Cr | ₹0Cr | 17.4% | 0.81 | 1.27 | 18.0% |
| FY2024 | ₹0Cr | ₹0Cr | 15.1% | 0.83 | 1.30 | 16.3% |
| FY2025 | ₹0Cr | ₹0Cr | 23.5% | 0.84 | 1.23 | 24.3% |
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.