It Looks Like Shivam Autotech Limited's (NSE:SHIVAMAUTO) CEO May Expect Their Salary To Be Put Under The Microscope

Key Insights

• Shivam Autotech will host its Annual General Meeting on 22nd of September
• Salary of ₹9.60m is part of CEO Neeraj Munjal's total remuneration
• The overall pay is 95% above the industry average
• Shivam Autotech's three-year loss to shareholders was 27% while its EPS was down 34% over the past three years

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Shivam Autotech Limited (NSE:SHIVAMAUTO) has not performed well recently and CEO Neeraj Munjal will probably need to up their game. Shareholders can take the chance to hold the board and management accountable for the unsatisfactory performance at the next AGM on 22nd of September. It would also be an opportunity for shareholders to influence management through voting on company resolutions such as executive remuneration, which could impact the firm significantly. From our analysis, we think CEO compensation may need a review in light of the recent performance.

View our latest analysis for Shivam Autotech

Comparing Shivam Autotech Limited's CEO Compensation With The Industry

According to our data, Shivam Autotech Limited has a market capitalization of ₹3.9b, and paid its CEO total annual compensation worth ₹18m over the year to March 2025. There was no change in the compensation compared to last year. We note that the salary of ₹9.60m makes up a sizeable portion of the total compensation received by the CEO.

In comparison with other companies in the Indian Auto Components industry with market capitalizations under ₹18b, the reported median total CEO compensation was ₹9.4m. This suggests that Neeraj Munjal is paid more than the median for the industry.

Component	2025	2024	Proportion (2025)
Salary	₹9.6m	₹9.6m	52%
Other	₹8.8m	₹8.8m	48%
Total Compensation	₹18m	₹18m	100%

Speaking on an industry level, nearly 78% of total compensation represents salary, while the remainder of 22% is other remuneration. Shivam Autotech sets aside a smaller share of compensation for salary, in comparison to the overall industry. If salary is the major component in total compensation, it suggests that the CEO receives a higher fixed proportion of the total compensation, regardless of performance.

A Look at Shivam Autotech Limited's Growth Numbers

Over the last three years, Shivam Autotech Limited has shrunk its earnings per share by 34% per year. It saw its revenue drop 9.3% over the last year.

Few shareholders would be pleased to read that EPS have declined. This is compounded by the fact revenue is actually down on last year. It's hard to argue the company is firing on all cylinders, so shareholders might be averse to high CEO remuneration. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.

Has Shivam Autotech Limited Been A Good Investment?

Given the total shareholder loss of 27% over three years, many shareholders in Shivam Autotech Limited are probably rather dissatisfied, to say the least. This suggests it would be unwise for the company to pay the CEO too generously.

In Summary...

Not only have shareholders not seen a favorable return on their investment, but the business hasn't performed well either. Few shareholders would be willing to award the CEO with a pay raise. At the upcoming AGM, management will get a chance to explain how they plan to get the business back on track and address the concerns from investors.

We can learn a lot about a company by studying its CEO compensation trends, along with looking at other aspects of the business. We identified 2 warning signs for Shivam Autotech (1 is a bit unpleasant!) that you should be aware of before investing here.

Important note: Shivam Autotech is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE 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.