ETHICAL COMPLIANCE REPORT

JSW INFRASTRUCTURE

Sector:

Industrials

Industry:

Integrated Freight & Logistics

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
maritime services
compliant
REVENUE RATIO FILTER
5.5%
View Calculations
DEBT RATIO FILTER
46.4%
View Calculations
LIQUIDITY RATIO FILTER
39.8%
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.

5.5%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{2209200000.00}{40323000000.00} \times 100 = 5.50\%

FORMULA

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

Segment	Compliance	Value
other income	compliant	₹48.49
interest income	non-compliant	₹220.92
Vessel related service	compliant	₹513.46
Cargo related service	compliant	₹2,835.71
Other operating revenue	compliant	₹413.72

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.

46.4%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{43806800000.00}{94506570000.00} \times 100 = 46.40\%

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.

39.8%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{37628900000.00}{94506570000.00} \times 100 = 39.80\%

FORMULA

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