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
9.6% = 9.1% × 0.83 × 1.28
Latest: FY2026
Profitability
Net Margin
9.1%
15.7% →9.1%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
0.83x
0.79x →0.83x
Revenue per ₹ of assets
Leverage
Equity Multiplier
1.28x
1.26x →1.28x
Assets funded by equity vs debt
Trend Analysis
ROE declined by 6.0 pp over 5 years. Driven by net margin declining (15.7% → 9.1%).
Historical Decomposition
Last 5 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2022 | ₹0Cr | ₹0Cr | 15.7% | 0.79 | 1.26 | 15.6% |
| 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% |
| FY2026 | ₹0Cr | ₹0Cr | 9.1% | 0.83 | 1.28 | 9.6% |
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.