DuPont Decomposition
Why does SEYAIND earn its ROE?
Breaking down Return on Equity into profitability, efficiency, and leverage.
ROE = Net Margin × Asset Turnover × Equity Multiplier
-0.4% = -43.1% × 0.00 × 1.95
Latest: FY2024
Profitability
Net Margin
-43.1%
-9.6% →-43.1%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
0.00x
0.04x →0.00x
Revenue per ₹ of assets
Leverage
Equity Multiplier
1.95x
1.92x →1.95x
Assets funded by equity vs debt
Trend Analysis
ROE stable at ~-0%. Driven by net margin declining (-9.6% → -43.1%).
Historical Decomposition
Last 3 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2022 | ₹0Cr | ₹-0Cr | -9.6% | 0.04 | 1.92 | -0.7% |
| FY2023 | ₹0Cr | ₹-0Cr | -66.5% | 0.02 | 1.94 | -3.0% |
| FY2024 | ₹0Cr | ₹-0Cr | -43.1% | 0.00 | 1.95 | -0.4% |
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.