ETHICAL COMPLIANCE REPORT

ELECTROSTEEL CASTINGS

ELECTROSTEEL CASTINGS Logo

Sector:

Basic Materials

Industry:

Steel

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.

1%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:724077000.0075802522000.00×100=1.00%\textbf{Revenue Ratio:} \\[12pt] \dfrac{724077000.00}{75802522000.00} \times 100 = 1.00\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Sale of Products
compliant
compliant		₹7,433.22
Other Operating Revenues Incentive / Subsidy
compliant
compliant		₹44.80
Others
compliant
compliant		₹29.83
interest & other
non-compliant
non-compliant		₹72.41

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.

24.9%

CALCULATION

Debt Ratio:22664561000.0091082576000.00×100=24.90%\textbf{Debt Ratio:} \\[12pt] \dfrac{22664561000.00}{91082576000.00} \times 100 = 24.90\%

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.

4.4%

CALCULATION

Liquidity Ratio:4003634000.0091082576000.00×100=4.40%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{4003634000.00}{91082576000.00} \times 100 = 4.40\%

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\%