DuPont Decomposition
Why does HEMIPROP earn its ROE?
Breaking down Return on Equity into profitability, efficiency, and leverage.
ROE = Net Margin × Asset Turnover × Equity Multiplier
-1.9% = -829.5% × 0.00 × 2.77
Latest: FY2025
Profitability
Net Margin
-829.5%
-323.3% →-829.5%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
0.00x
0.00x →0.00x
Revenue per ₹ of assets
Leverage
Equity Multiplier
2.77x
2.94x →2.77x
Assets funded by equity vs debt
Trend Analysis
ROE stable at ~-2%. Driven by net margin declining (-323.3% → -829.5%).
Historical Decomposition
Last 3 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2023 | ₹0Cr | ₹-0Cr | -323.3% | 0.00 | 2.94 | -1.8% |
| FY2024 | ₹0Cr | ₹-0Cr | -1878.1% | 0.00 | 3.00 | -2.8% |
| FY2025 | ₹0Cr | ₹-0Cr | -829.5% | 0.00 | 2.77 | -1.9% |
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.