ETHICAL COMPLIANCE REPORT

INOX INDIA

Sector:

Industrials

Industry:

Specialty Industrial Machinery

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
cryogenic equipment
compliant
REVENUE RATIO FILTER
1.8%
View Calculations
DEBT RATIO FILTER
0.4%
View Calculations
LIQUIDITY RATIO FILTER
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.

1.8%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{212166000.00}{11624853000.00} \times 100 = 1.80\%

FORMULA

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

Segment	Compliance	Value
cryogenic equipment	compliant	₹1,016.92
Sales of services	compliant	₹89.11
Scrap Sales	compliant	₹19.45
Export Incentives	compliant	₹5.69
interest & other	non-compliant	₹21.22
other income	compliant	₹10.10

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.

0.4%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{48728000.00}{11483640000.00} \times 100 = 0.40\%

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.

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{118068000.00}{11483640000.00} \times 100 = 1.00\%

FORMULA

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