DuPont Decomposition
Why does HEXATRADEX earn its ROE?
Breaking down Return on Equity into profitability, efficiency, and leverage.
ROE = Net Margin × Asset Turnover × Equity Multiplier
-0.6% = -546.9% × 0.00 × 1.16
Latest: FY2025
Profitability
Net Margin
-546.9%
-2407.8% →-546.9%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
0.00x
0.00x →0.00x
Revenue per ₹ of assets
Leverage
Equity Multiplier
1.16x
1.49x →1.16x
Assets funded by equity vs debt
Trend Analysis
ROE stable at ~-1%. Driven by net margin improving (-2407.8% → -546.9%), leverage falling (1.49x → 1.16x).
Historical Decomposition
Last 3 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2023 | ₹0Cr | ₹-0.3Cr | -2407.8% | 0.00 | 1.49 | -1.1% |
| FY2024 | ₹0Cr | ₹0Cr | 69.3% | 0.03 | 1.24 | 2.4% |
| FY2025 | ₹0Cr | ₹-0Cr | -546.9% | 0.00 | 1.16 | -0.6% |
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.