ETHICAL COMPLIANCE REPORT

MASTEK

Sector:

Technology

Industry:

Information Technology Services

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
IT Service
compliant
REVENUE RATIO FILTER
0.2%
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DEBT RATIO FILTER
13.2%
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LIQUIDITY RATIO FILTER
10.4%
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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.

0.2%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{63600000.00}{30708000000.00} \times 100 = 0.20\%

FORMULA

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

Segment	Compliance	Value
Digital & Application Engineering	compliant	₹1,352.87
Oracle Cloud & Enterprise Apps	compliant	₹944.54
Digital Commerce & Experience	compliant	₹536.08
Data, Automation and AI	compliant	₹221.30
Investment Gain	questionable	₹3.88
Interest Income	non-compliant	₹2.48
Other Income	compliant	₹9.65

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.

13.2%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{4865500000.00}{36779000000.00} \times 100 = 13.20\%

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.

10.4%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{3826100000.00}{36779000000.00} \times 100 = 10.40\%

FORMULA

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