ETHICAL COMPLIANCE REPORT

IRB INFRA DEV.

Sector:

Industrials

Industry:

Infrastructure Operations

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
Construction
compliant
REVENUE RATIO FILTER
9.5%
View Calculations
DEBT RATIO FILTER
41.5%
View Calculations
LIQUIDITY RATIO FILTER
3.9%
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.

9.5%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{7827970000.00}{82017600000.00} \times 100 = 9.50\%

FORMULA

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

Segment	Compliance	Value
Income Arising Out of Toll Collection	compliant	₹2,387.70
Contract Revenue	compliant	₹4,964.72
Sale of Electricity	compliant	₹10.03
Interest Income	non-compliant	₹270.32
Other Operating Revenue	compliant	₹46.54
Investment Gain	questionable	₹512.48
Other Income	compliant	₹9.97

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.

41.5%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{186489970000.00}{449203140000.00} \times 100 = 41.50\%

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.

3.9%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{17626040000.00}{449203140000.00} \times 100 = 3.90\%

FORMULA

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