ETHICAL COMPLIANCE REPORT

MSTC

MSTC Logo

Sector:

Industrials

Industry:

Conglomerates

Overall Compliance

non-compliant

non-compliant

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.

15.4%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:1482955000.009613731000.00×100=15.40%\textbf{Revenue Ratio:} \\[12pt] \dfrac{1482955000.00}{9613731000.00} \times 100 = 15.40\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Marketing, E-Commerce & Others
compliant
compliant		₹750.82
Other Income
compliant
compliant		₹62.26
Interest Income
non-compliant
non-compliant		₹148.30

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.

6.4%

CALCULATION

Debt Ratio:1450020000.0022488608000.00×100=6.40%\textbf{Debt Ratio:} \\[12pt] \dfrac{1450020000.00}{22488608000.00} \times 100 = 6.40\%

FORMULA

Debt Ratio:Interest Bearing DebtTotal Assets×100  ≤  30%\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.

51.1%

CALCULATION

Liquidity Ratio:11483008000.0022488608000.00×100=51.10%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{11483008000.00}{22488608000.00} \times 100 = 51.10\%

FORMULA

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