DuPont Decomposition
Why does OSWALAGRO earn its ROE?
Breaking down Return on Equity into profitability, efficiency, and leverage.
ROE = Net Margin × Asset Turnover × Equity Multiplier
-2.5% = -114.4% × 0.02 × 1.01
Latest: FY2026
Profitability
Net Margin
-114.4%
173.2% →-114.4%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
0.02x
0.01x →0.02x
Revenue per ₹ of assets
Leverage
Equity Multiplier
1.01x
1.01x →1.01x
Assets funded by equity vs debt
Trend Analysis
ROE declined by 4.8 pp over 4 years. Driven by net margin declining (173.2% → -114.4%).
Historical Decomposition
Last 4 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2022 | ₹0Cr | ₹0Cr | 173.2% | 0.01 | 1.01 | 2.4% |
| FY2023 | ₹0Cr | ₹0Cr | 85.4% | 0.03 | 1.01 | 2.9% |
| FY2025 | ₹0Cr | ₹0Cr | 69.8% | 0.17 | 1.01 | 11.9% |
| FY2026 | ₹0Cr | ₹-0Cr | -114.4% | 0.02 | 1.01 | -2.5% |
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.