DuPont Decomposition
Why does GFLLIMITED earn its ROE?
Breaking down Return on Equity into profitability, efficiency, and leverage.
ROE = Net Margin × Asset Turnover × Equity Multiplier
-3.0% = -3365.3% × 0.00 × 1.07
Latest: FY2025
Profitability
Net Margin
-3365.3%
-7469.4% →-3365.3%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
0.00x
0.00x →0.00x
Revenue per ₹ of assets
Leverage
Equity Multiplier
1.07x
11.43x →1.07x
Assets funded by equity vs debt
Trend Analysis
ROE improved by 28.5 pp over 4 years. Driven by net margin improving (-7469.4% → -3365.2%), leverage falling (11.43x → 1.07x).
Historical Decomposition
Last 4 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2022 | ₹0Cr | ₹-0Cr | -7469.4% | 0.00 | 11.43 | -31.5% |
| FY2023 | ₹0Cr | ₹0Cr | 86356.5% | 0.00 | 1.05 | 86.4% |
| FY2024 | ₹0Cr | ₹-0Cr | -335.8% | 0.00 | 1.05 | -0.3% |
| FY2025 | ₹0Cr | ₹-0Cr | -3365.3% | 0.00 | 1.07 | -3.0% |
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.