ETHICAL COMPLIANCE REPORT

GMR AIRPORTS INFRA

Sector:

Industrials

Industry:

Airports & Air Services

Overall Compliance

questionable

PRIMARY BUSINESS FILTER
Infrastructure Buildings
compliant
REVENUE RATIO FILTER
4.9%
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DEBT RATIO FILTER
438.8%
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LIQUIDITY RATIO FILTER
35.1%
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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.

4.9%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{4476800000.00}{92069600000.00} \times 100 = 4.90\%

FORMULA

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

Segment	Compliance	Value
Aeronautical & Non-aeronautical	compliant	₹7,548.12
Other Income	compliant	₹34.99
Investment Gain	questionable	₹163.89
Interest Income	non-compliant	₹283.79
Other Operating Income	compliant	₹1,176.17

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.

438.8%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{352846700000.00}{80418400000.00} \times 100 = 438.80\%

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.

35.1%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{28255900000.00}{80418400000.00} \times 100 = 35.10\%

FORMULA

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