Ethical Compliance

STAR CEMENT

STAR CEMENT

Revenue

0.7%

Debt

3.6%

Liquidity

2.7%

Revenue

Debt

Liquidity

0.7%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Clinker
₹20.06

  Cement
₹2,857.33

  Power Sale
₹1.30

  Others
₹9.18

  Other Operating Income
₹0.31

  Incentives and subsidies
₹16.65

  Scrap
₹5.84

  Other Income
₹6.44

Questionable

INR Crores

  Investment Gain
₹0.12

Non Compliant

INR Crores

  Interest Income
₹19.91

INR Crores

Revenue from Questionable Sources:₹0.12
Revenue from Non Compliant Sources:₹19.91
Total:₹20.02
Total Revenue:₹2,937.13

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹20.02

₹2,937.13

= 0.7%

compliant

Rationale

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.