DuPont Decomposition
Why does IBULLSLTD earn its ROE?
Breaking down Return on Equity into profitability, efficiency, and leverage.
ROE = Net Margin × Asset Turnover × Equity Multiplier
8.9% = 75.2% × 0.09 × 1.35
Latest: FY2026
Profitability
Net Margin
75.2%
75.2% →75.2%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
0.09x
0.09x →0.09x
Revenue per ₹ of assets
Leverage
Equity Multiplier
1.35x
1.35x →1.35x
Assets funded by equity vs debt
Historical Decomposition
Last 1 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2026 | ₹0Cr | ₹0Cr | 75.2% | 0.09 | 1.35 | 8.9% |
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.