ETHICAL COMPLIANCE REPORT

SHRIRAM PIST. & RING

Sector:

Consumer Cyclical

Industry:

Auto Parts

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Industrial Machinery
compliant
REVENUE RATIO FILTER
1.5%
View Calculations
DEBT RATIO FILTER
15.5%
View Calculations
LIQUIDITY RATIO FILTER
31%
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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.

1.5%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{466630000.00}{26559910000.00} \times 100 = 1.50\%

FORMULA

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

Segment	Compliance	Value
Sale of Scrap	compliant	₹35.07
Export Benefits	compliant	₹9.56
Others	compliant	₹0.49
Sale of Machines & Spares	compliant	₹2,564.22
Other Income	non-compliant	₹46.66

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.

15.5%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{4866000000.00}{31382400000.00} \times 100 = 15.50\%

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.

31%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{9717100000.00}{31382400000.00} \times 100 = 31.00\%

FORMULA

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