ETHICAL COMPLIANCE REPORT

ADANI WILMAR

Sector:

Consumer Defensive

Industry:

Packaged Foods

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Fmcg
compliant
REVENUE RATIO FILTER
0.5%
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DEBT RATIO FILTER
13.3%
View Calculations
LIQUIDITY RATIO FILTER
14.2%
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Revenue Ratio

The sum of revenue from questionable and non-compliant sources should not exceed 3% of the total revenue. This ensures that the company has tolerable reliance on unethical sources of revenue.

0.5%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{2355600000.00}{516620800000.00} \times 100 = 0.50\%

FORMULA

\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%

Segment	Compliance	Value
interest & other	non-compliant	₹235.56
Edible Oil	compliant	₹38,788.33
Food & Fmcg	compliant	₹4,993.99
Industry Essentials	compliant	₹7,479.31
other income	compliant	₹58.05
other operating income	compliant	₹106.84

Debt Ratio

The interest bearing debt should not exceed 31% of the total assets. This is to ensure that the company is not paying a significant portion of its assets as interest.

13.3%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{26275000000.00}{198065300000.00} \times 100 = 13.30\%

FORMULA

\textbf{Debt Ratio:} \\[12pt] \dfrac{\text{Interest Bearing Debt}}{\text{Total Assets}} \times 100 \; \leq \; 30\%

Liquidity Ratio

The total liquid assets should not exceed 90% of the total assets. This is to ensure that trading this stock does not become similar to trading a currency.

14.2%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{28095800000.00}{198065300000.00} \times 100 = 14.20\%

FORMULA

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{\text{Total Liquid Assets}}{\text{Total Assets}} \times 100 \; \leq \; 90\%