ETHICAL COMPLIANCE REPORT

MARICO

Sector:

Consumer Defensive

Industry:

Household & Personal Products

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Fmcg
compliant
REVENUE RATIO FILTER
1.5%
View Calculations
DEBT RATIO FILTER
5.2%
View Calculations
LIQUIDITY RATIO FILTER
12.7%
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.

1.5%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{1500000000.00}{98110000000.00} \times 100 = 1.50\%

FORMULA

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

Segment	Compliance	Value
Hair Oils	compliant	₹2,043.00
Personal Care	compliant	₹1,593.00
Edible	compliant	₹4,919.00
other	compliant	₹1,098.00
interest	non-compliant	₹150.00
other income	compliant	₹8.00

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.

5.2%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{3830000000.00}{74210000000.00} \times 100 = 5.20\%

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.

12.7%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{9430000000.00}{74210000000.00} \times 100 = 12.70\%

FORMULA

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