Ethical Compliance

BALKRISHNA IND.

BALKRISHNA IND.

Revenue

4.6%

Debt

22.6%

Liquidity

0.6%

Revenue

Debt

Liquidity

4.6%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Sale of Tyres
₹9,304.37

  Export Incentives
₹28.58

  Scrap Sales
₹34.62

  Others
₹1.30

Questionable

INR Crores

  Other Income
₹193.11

Non Compliant

INR Crores

  Interest & other
₹256.11

INR Crores

Revenue from Questionable Sources:₹193.11
Revenue from Non Compliant Sources:₹256.11
Total:₹449.22
Total Revenue:₹9,818.09

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹449.22

₹9,818.09

= 4.6%

questionable

Rationale

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.