DuPont Decomposition

Why does TAKE earn its ROE?

Breaking down Return on Equity into profitability, efficiency, and leverage.

ROE = Net Margin × Asset Turnover × Equity Multiplier

-51.5% = -149.1% × 0.17 × 2.07

Latest: FY2023

Profitability

Net Margin

-149.1%

-149.1% →-149.1%

How much profit per ₹ of revenue

Efficiency

Asset Turnover

0.17x

0.17x →0.17x

Revenue per ₹ of assets

Leverage

Equity Multiplier

2.07x

2.07x →2.07x

Assets funded by equity vs debt

Historical Decomposition

Last 1 years

YearRevenuePATNet MarginAsset TOLeverageROE
FY2023₹0Cr₹-0Cr-149.1%0.172.07-51.5%

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)

See DCF fair value for TAKE

Combine financial quality with intrinsic value.

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DuPont decomposition from audited annual financials. Factual analysis, not investment advice.