ETHICAL COMPLIANCE REPORT

GUJARAT STATE PETRO

Sector:

Utilities

Industry:

Utilities - Regulated Gas

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Gas And Petroleum
compliant
REVENUE RATIO FILTER
0.8%
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DEBT RATIO FILTER
0%
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LIQUIDITY RATIO FILTER
7.3%
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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.

0.8%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{1470539000.00}{180841021000.00} \times 100 = 0.80\%

FORMULA

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

Segment	Compliance	Value
Revenue From Transportation of Gas (net)	compliant	₹1,552.70
Sale of Natural Gas	compliant	₹16,225.43
Revenue From Sale of Electricity (net)	compliant	₹32.11
Other Operating Revenues	compliant	₹87.38
Other Non-operating Income	compliant	₹39.43
Interest Income	non-compliant	₹147.05
Investment Gain	questionable	₹0.00

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.

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{0.00}{190558426000.00} \times 100 = 0.00\%

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.

7.3%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{13995613000.00}{190558426000.00} \times 100 = 7.30\%

FORMULA

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