ETHICAL COMPLIANCE REPORT

OLECTRA GREENTECH

Sector:

Industrials

Industry:

Farm & Heavy Construction Machinery

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Electrical Buses
compliant
REVENUE RATIO FILTER
0.7%
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DEBT RATIO FILTER
7.6%
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LIQUIDITY RATIO FILTER
11%
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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.

0.7%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{86660000.00}{11657392000.00} \times 100 = 0.70\%

FORMULA

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

Segment	Compliance	Value
Revenue From Services	compliant	₹166.85
Other Operational Income	compliant	₹2.75
Sale of Composite Polymer and Electric Bus	compliant	₹984.54
Interest Income	non-compliant	₹8.67
Other Income	compliant	₹2.94

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.

7.6%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{1207487000.00}{15885770000.00} \times 100 = 7.60\%

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.

11%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{1745435000.00}{15885770000.00} \times 100 = 11.00\%

FORMULA

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