DuPont Decomposition
Why does ORTINGLOBE earn its ROE?
Breaking down Return on Equity into profitability, efficiency, and leverage.
ROE = Net Margin × Asset Turnover × Equity Multiplier
-42.8% = -247.3% × 0.09 × 1.91
Latest: FY2025
Profitability
Net Margin
-247.3%
-4.8% →-247.3%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
0.09x
0.40x →0.09x
Revenue per ₹ of assets
Leverage
Equity Multiplier
1.91x
1.89x →1.91x
Assets funded by equity vs debt
Trend Analysis
ROE declined by 39.2 pp over 4 years. Driven by net margin declining (-4.8% → -247.3%), asset turnover declining (0.40x → 0.09x).
Historical Decomposition
Last 4 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2022 | ₹0Cr | ₹-0Cr | -4.8% | 0.40 | 1.89 | -3.6% |
| FY2023 | ₹0Cr | ₹-0Cr | -1.6% | 0.28 | 1.95 | -0.9% |
| FY2024 | ₹0Cr | ₹-0Cr | -380.8% | 0.32 | 2.36 | -284.8% |
| FY2025 | ₹0Cr | ₹-0Cr | -247.3% | 0.09 | 1.91 | -42.8% |
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.