ETHICAL COMPLIANCE REPORT

JUBILANT PHARMOVA

Sector:

Healthcare

Industry:

Drug Manufacturers - Specialty & Generic

Overall Compliance

questionable

PRIMARY BUSINESS FILTER
Pharmaceuticals
compliant
REVENUE RATIO FILTER
0.4%
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DEBT RATIO FILTER
29.6%
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LIQUIDITY RATIO FILTER
8.3%
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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.

0.4%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{263000000.00}{67715999999.00} \times 100 = 0.40\%

FORMULA

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

Segment	Compliance	Value
Pharmaceuticals	compliant	₹5,043.60
Contract Research and Development Services	compliant	₹1,601.20
other income	compliant	₹42.40
investment gain	questionable	₹0.20
Interest Income	non-compliant	₹26.10
other operating income	compliant	₹58.10

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.

29.6%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{34141000000.00}{115485000000.00} \times 100 = 29.60\%

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.

8.3%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{9568000000.00}{115485000000.00} \times 100 = 8.30\%

FORMULA

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