Ethical Compliance

MUKAND.

Revenue

0.2%

Debt

48.9%

Liquidity

1.7%

Revenue

Debt

Liquidity

0.2%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Special Alloy Steel Products
₹1,850.66

  Stainless Steel Products
₹2,710.27

  Job Works & Others
₹373.21

  Engineering Contracts
₹221.16

  Other operating revenue
₹19.51

  Other Income
₹6.95

Questionable

INR Crores

  Net Gain on Sale of Investments
₹1.87

Non Compliant

INR Crores

  Interest income
₹7.21

INR Crores

Revenue from Questionable Sources:₹1.87
Revenue from Non Compliant Sources:₹7.21
Total:₹9.08
Total Revenue:₹5,190.84

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹9.08

₹5,190.84

= 0.2%

compliant

Rationale

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.