ETHICAL COMPLIANCE REPORT

SHOPPERS STOP

Sector:

Consumer Cyclical

Industry:

Department Stores

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Department Stores
compliant
REVENUE RATIO FILTER
0.3%
View Calculations
DEBT RATIO FILTER
3.3%
View Calculations
LIQUIDITY RATIO FILTER
0.3%
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.

0.3%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{140300000.00}{43724100000.00} \times 100 = 0.30\%

FORMULA

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

Segment	Compliance	Value
Retail sale of merchandise	compliant	₹4,048.30
Other Retail operating revenue	compliant	₹268.29
Interest Income	non-compliant	₹13.69
investment gain	questionable	₹0.34
other income	compliant	₹41.79

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.

3.3%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{1740400000.00}{52944400000.00} \times 100 = 3.30\%

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.

0.3%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{167400000.00}{52944400000.00} \times 100 = 0.30\%

FORMULA

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