Ethical Compliance

VST INDUSTRIES

VST INDUSTRIES

Revenue

97.8%

Debt

0%

Liquidity

2%

Revenue

Debt

Liquidity

97.8%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Other Operating Revenue
₹3.27

  Other Income
₹38.89

Questionable

INR Crores

  Net Gain on Sale of Investments
₹27.74

Non Compliant

INR Crores

  Cigarettes
₹1,391.86

  Unmanufactured Tobacco
₹442.37

  Interest income
₹12.97

INR Crores

Revenue from Questionable Sources:₹27.74
Revenue from Non Compliant Sources:₹1,847.20
Total:₹1,874.94
Total Revenue:₹1,917.10

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹1,874.94

₹1,917.10

= 97.8%

non-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.