ETHICAL COMPLIANCE REPORT

STRLNG & WIL REN ENE

Sector:

Technology

Industry:

Solar

Overall Compliance

questionable

PRIMARY BUSINESS FILTER
Renewable Energy Equipment & Services
compliant
REVENUE RATIO FILTER
3.7%
View Calculations
DEBT RATIO FILTER
12%
View Calculations
LIQUIDITY RATIO FILTER
7.9%
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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.

3.7%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{1108600000.00}{21258700000.00} \times 100 = 3.70\%

FORMULA

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

Segment	Compliance	Value
Income From Works Contracts	compliant	₹1,823.50
Revenue From Operation and Maintenance Services	compliant	₹189.86
Scrap Sales	compliant	₹1.64
Others	compliant	₹0.01
Other Income	questionable	₹110.86

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.

12%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{5156800000.00}{43005100000.00} \times 100 = 12.00\%

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.

7.9%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{3391900000.00}{43005100000.00} \times 100 = 7.90\%

FORMULA

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