ETHICAL COMPLIANCE REPORT

JINDAL STAINLESS

Sector:

Basic Materials

Industry:

Steel

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Steel Manufacturer
compliant
REVENUE RATIO FILTER
0.3%
View Calculations
DEBT RATIO FILTER
19.3%
View Calculations
LIQUIDITY RATIO FILTER
6.5%
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.

0.3%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{1049900000.00}{387315900000.00} \times 100 = 0.30\%

FORMULA

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

Segment	Compliance	Value
Steel Products	compliant	₹38,169.89
Sale of Services	compliant	₹74.23
Other Operating Revenue	compliant	₹318.35
Other Income	compliant	₹64.13
Investment Gain	questionable	₹19.26
Interest Income	non-compliant	₹85.73

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.

19.3%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{59481900000.00}{308172500000.00} \times 100 = 19.30\%

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.

6.5%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{19881100000.00}{308172500000.00} \times 100 = 6.50\%

FORMULA

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