ETHICAL COMPLIANCE REPORT

PIRAMAL ENTERPRISES

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Sector:

Financial Services

Industry:

Financial 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.

100%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:101783600000.00101783600000.00×100=100.00%\textbf{Revenue Ratio:} \\[12pt] \dfrac{101783600000.00}{101783600000.00} \times 100 = 100.00\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Revenue From Operations
non-compliant
non-compliant		₹10,020.27
Fees and Commission Income
questionable
questionable		₹158.09

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.

64.7%

CALCULATION

Debt Ratio:534587000000.00826050000000.00×100=64.70%\textbf{Debt Ratio:} \\[12pt] \dfrac{534587000000.00}{826050000000.00} \times 100 = 64.70\%

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.

5.4%

CALCULATION

Liquidity Ratio:44468000000.00826050000000.00×100=5.40%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{44468000000.00}{826050000000.00} \times 100 = 5.40\%

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\%