DuPont Decomposition
Why does JPOLYINVST earn its ROE?
Breaking down Return on Equity into profitability, efficiency, and leverage.
ROE = Net Margin × Asset Turnover × Equity Multiplier
19.4% = 44162.2% × 0.00 × 1.03
Latest: FY2025
Profitability
Net Margin
44162.2%
25.0% →44162.2%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
0.00x
0.37x →0.00x
Revenue per ₹ of assets
Leverage
Equity Multiplier
1.03x
1.03x →1.03x
Assets funded by equity vs debt
Trend Analysis
ROE improved by 9.8 pp over 3 years. Driven by net margin improving (25.0% → 44162.2%), asset turnover declining (0.37x → 0.00x).
Historical Decomposition
Last 3 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2023 | ₹0Cr | ₹0Cr | 25.0% | 0.37 | 1.03 | 9.6% |
| FY2024 | ₹0Cr | ₹0Cr | 714.8% | 0.01 | 1.03 | 3.7% |
| FY2025 | ₹0Cr | ₹0Cr | 44162.2% | 0.00 | 1.03 | 19.4% |
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.