DuPont Analysis ( 5 Stage )

• Tax burden is the proportion of profits retained after paying taxes

• Interest burden shows how interest is affecting profits. If a company
has no debt, the ratio will be 1.
• Operating income margin is the operating income per dollar of sales
• Asset turnover shows asset utilization efficiency
• Equity multiplier shows financial leverage
All in Rs Cr
FY EBIT Sales EBT Net Income Total Assets Total Equity
2013 2038.9 8107.53 2011.86 1507.11 11493.21 8869.52
2014 1856.17 9134.07 1818.34 1388.34 12924 10091.64
2015 1579.29 9776.23 1539.97 1181.09 14505.18 10679.71
2016 1886.6 11887.35 1739.53 1462.3 15239.05 11985.88
2017 1226.14 10637.08 1186.94 974.94 15607.22 12800.51
2018 2000.82 11004.44 1988.92 1468.52 17094.97 14113.52
 FY EBIT Margin Interest Burden Tax Burden Asset Turnover Financial Leverage ROE
2013 0.25 0.99 0.75 0.71 1.30 17.0%
2014 0.20 0.98 0.76 0.71 1.28 13.8%
2015 0.16 0.98 0.77 0.67 1.36 11.1%
2016 0.16 0.92 0.84 0.78 1.27 12.2%
2017 0.12 0.97 0.82 0.68 1.22 7.6%
2018 0.18 0.99 0.74 0.64 1.21 10.4%