ETHICAL COMPLIANCE REPORT

APOLLO TYRES

APOLLO TYRES Logo

Sector:

Consumer Cyclical

Industry:

Auto Parts

Overall Compliance

compliant

compliant

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.

0.2%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:587520000.00255312880000.00×100=0.20%\textbf{Revenue Ratio:} \\[12pt] \dfrac{587520000.00}{255312880000.00} \times 100 = 0.20\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Tyres, Tubes & others
compliant
compliant		₹25,377.72
interest income
non-compliant
non-compliant		₹58.75
Other Income
compliant
compliant		₹94.82

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.

14.6%

CALCULATION

Debt Ratio:39418610000.00269573479999.00×100=14.60%\textbf{Debt Ratio:} \\[12pt] \dfrac{39418610000.00}{269573479999.00} \times 100 = 14.60\%

FORMULA

Debt Ratio:Interest Bearing DebtTotal Assets×100  ≤  30%\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.

3.4%

CALCULATION

Liquidity Ratio:9115580000.00269573479999.00×100=3.40%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{9115580000.00}{269573479999.00} \times 100 = 3.40\%

FORMULA

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