Ethical Compliance

IPCA LABORATORIES

IPCA LABORATORIES

Revenue

1.5%

Debt

12.5%

Liquidity

2.7%

Revenue

Debt

Liquidity

1.5%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Pharma Products
₹7,464.21

  Sale of Services
₹158.20

  Other Operating Revenue
₹82.63

  Other Income
₹7.13

Questionable

INR Crores

Non Compliant

INR Crores

  Interest Income
₹117.64

INR Crores

Revenue from Questionable Sources:₹0.00
Revenue from Non Compliant Sources:₹117.64
Total:₹117.64
Total Revenue:₹7,829.81

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹117.64

₹7,829.81

= 1.5%

compliant

Rationale

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.