ETHICAL COMPLIANCE REPORT

ICICI SECURITIES

Sector:

Financial Services

Industry:

Capital Markets

Overall Compliance

questionable

PRIMARY BUSINESS FILTER
Financial Service
questionable
REVENUE RATIO FILTER
62.8%
View Calculations
DEBT RATIO FILTER
65.1%
View Calculations
LIQUIDITY RATIO FILTER
43.9%
View Calculations

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.

62.8%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{31698800000.00}{50492100000.00} \times 100 = 62.80\%

FORMULA

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

Segment	Compliance	Value
Others	compliant	₹1.91
Investment Gain	questionable	₹103.74
Dividend Income	questionable	₹0.04
Interest Income	non-compliant	₹1,673.35
Income from services	non-compliant	₹1,392.75
Brokerage income	compliant	₹1,877.42

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.

65.1%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{166796200000.00}{256226700000.00} \times 100 = 65.10\%

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.

43.9%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{112514600000.00}{256226700000.00} \times 100 = 43.90\%

FORMULA

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