DuPont Decomposition
Why does JINDALPHOT earn its ROE?
Breaking down Return on Equity into profitability, efficiency, and leverage.
ROE = Net Margin × Asset Turnover × Equity Multiplier
23.3% = 45645.4% × 0.00 × 1.08
Latest: FY2025
Profitability
Net Margin
45645.4%
667.2% →45645.4%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
0.00x
0.00x →0.00x
Revenue per ₹ of assets
Leverage
Equity Multiplier
1.08x
1.04x →1.08x
Assets funded by equity vs debt
Trend Analysis
ROE improved by 20.7 pp over 3 years. Driven by net margin improving (667.2% → 45645.4%).
Historical Decomposition
Last 3 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2023 | ₹0.1Cr | ₹0.5Cr | 667.2% | 0.00 | 1.04 | 2.6% |
| FY2024 | ₹0Cr | ₹0Cr | 506.9% | 0.01 | 1.03 | 4.3% |
| FY2025 | ₹0Cr | ₹0Cr | 45645.4% | 0.00 | 1.08 | 23.3% |
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.