ETHICAL COMPLIANCE REPORT

PIDILITE INDUSTRIES

Sector:

Basic Materials

Industry:

Specialty Chemicals

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Chemical Manufacturing Company
compliant
REVENUE RATIO FILTER
0.1%
View Calculations
DEBT RATIO FILTER
1.1%
View Calculations
LIQUIDITY RATIO FILTER
4.4%
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.

0.1%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{124300000.00}{125226300000.00} \times 100 = 0.10\%

FORMULA

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

Segment	Compliance	Value
Others	compliant	₹127.21
Dividend	questionable	₹0.33
Interest Income	non-compliant	₹12.10
chemical products	compliant	₹12,023.98
Sale of Services	compliant	₹313.09
other operating income	compliant	₹45.92

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.

1.1%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{1311500000.00}{121039500000.00} \times 100 = 1.10\%

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.

4.4%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{5332900000.00}{121039500000.00} \times 100 = 4.40\%

FORMULA

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