As a result of liberal Government policy and sufficient set of circumstances for bringing about competitive strength, Indian companies, during the recent past started surging ahead in terms of growth. However, the disturbing question often asked in corporate circles is as to whether the super growth achieved has its roots on progress and development in other key parameters that give rise to financial efficiency. Thus Asset Turnover, Leverage and Return on Net Worth were not fully going up commensurate with the growth in sales achieved. This paper seeks to study the relationship, if any, between key parameters of growth and growth in sales. The DuPont equation is taken as the basis for the study. The period from 2004 to 2008 has been considered and companies have been grouped in terms of degree of growth achieved. Corresponding grouping has been done in terms of other parameters so that the findings are reliable. Companies which have achieved high growth in sales (40% or above), the other key parameters – Asset Turnover, Leverage and Return on Net Worth – have moved synchronously, while the same cannot be said of the companies which have achieved only moderate or low growth.