DuPont Decomposition
Why does SURYALAXMI earn its ROE?
Breaking down Return on Equity into profitability, efficiency, and leverage.
ROE = Net Margin × Asset Turnover × Equity Multiplier
1.4% = 0.5% × 1.03 × 2.78
Latest: FY2025
Profitability
Net Margin
0.5%
0.0% →0.5%
How much profit per ₹ of revenue
Efficiency
Asset Turnover
1.03x
1.09x →1.03x
Revenue per ₹ of assets
Leverage
Equity Multiplier
2.78x
2.77x →2.78x
Assets funded by equity vs debt
Trend Analysis
ROE improved by 1.3 pp over 4 years.
Historical Decomposition
Last 4 years
| Year | Revenue | PAT | Net Margin | Asset TO | Leverage | ROE |
|---|---|---|---|---|---|---|
| FY2022 | ₹0Cr | ₹0Cr | 0.0% | 1.09 | 2.77 | 0.1% |
| FY2023 | ₹0Cr | ₹0Cr | 1.3% | 1.27 | 2.49 | 4.0% |
| FY2024 | ₹0Cr | ₹0Cr | 0.5% | 1.05 | 2.74 | 1.4% |
| FY2025 | ₹0Cr | ₹0Cr | 0.5% | 1.03 | 2.78 | 1.4% |
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.