It Looks Like The CEO Of Pricol Limited (NSE:PRICOLLTD) May Be Underpaid Compared To Peers

Key Insights

• Pricol to hold its Annual General Meeting on 6th of August
• CEO Panchapagesa Ganesh's total compensation includes salary of ₹14.1m
• The overall pay is 70% below the industry average
• Over the past three years, Pricol's EPS grew by 48% and over the past three years, the total shareholder return was 179%

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The solid performance at Pricol Limited (NSE:PRICOLLTD) has been impressive and shareholders will probably be pleased to know that CEO Panchapagesa Ganesh has delivered. At the upcoming AGM on 6th of August, they would be interested to hear about the company strategy going forward and get a chance to cast their votes on resolutions such as executive remuneration and other company matters. Let's take a look at why we think the CEO has done a good job and we'll present the case for a bump in pay.

View our latest analysis for Pricol

How Does Total Compensation For Panchapagesa Ganesh Compare With Other Companies In The Industry?

According to our data, Pricol Limited has a market capitalization of ₹53b, and paid its CEO total annual compensation worth ₹17m over the year to March 2025. Notably, that's an increase of 31% over the year before. We note that the salary portion, which stands at ₹14.1m constitutes the majority of total compensation received by the CEO.

On examining similar-sized companies in the Indian Auto Components industry with market capitalizations between ₹35b and ₹140b, we discovered that the median CEO total compensation of that group was ₹57m. This suggests that Panchapagesa Ganesh is paid below the industry median.

Speaking on an industry level, nearly 78% of total compensation represents salary, while the remainder of 22% is other remuneration. Although there is a difference in how total compensation is set, Pricol more or less reflects the market in terms of setting the salary. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.

A Look at Pricol Limited's Growth Numbers

Pricol Limited has seen its earnings per share (EPS) increase by 48% a year over the past three years. It achieved revenue growth of 18% over the last year.

This demonstrates that the company has been improving recently and is good news for the shareholders. This sort of respectable year-on-year revenue growth is often seen at a healthy, growing business. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.

Has Pricol Limited Been A Good Investment?

Boasting a total shareholder return of 179% over three years, Pricol Limited has done well by shareholders. This strong performance might mean some shareholders don't mind if the CEO were to be paid more than is normal for a company of its size.

In Summary...

The company's solid performance might have made most shareholders happy, possibly making CEO remuneration the least of the matters to be discussed in the AGM. However, investors will get the chance to engage on key strategic initiatives and future growth opportunities for the company and set their longer-term expectations.

If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Pricol.

Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.