Kajaria Ceramics Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Ashok Kajaria

Chief executive officer

₹56.7m

Total compensation

CEO salary percentage	94.4%
CEO tenure	13.1yrs
CEO ownership	1.9%
Management average tenure	no data
Board average tenure	9.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ashok Kajaria's remuneration changed compared to Kajaria Ceramics's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹4b
Sep 30 2023	n/a	n/a	₹4b
Jun 30 2023	n/a	n/a	₹4b
Mar 31 2023	₹57m	₹54m	₹3b
Dec 31 2022	n/a	n/a	₹3b
Sep 30 2022	n/a	n/a	₹4b
Jun 30 2022	n/a	n/a	₹4b
Mar 31 2022	₹57m	₹32m	₹4b
Dec 31 2021	n/a	n/a	₹4b
Sep 30 2021	n/a	n/a	₹4b
Jun 30 2021	n/a	n/a	₹4b
Mar 31 2021	₹26m	₹15m	₹3b
Dec 31 2020	n/a	n/a	₹2b
Sep 30 2020	n/a	n/a	₹2b
Jun 30 2020	n/a	n/a	₹2b
Mar 31 2020	₹49m	₹30m	₹3b
Dec 31 2019	n/a	n/a	₹3b
Sep 30 2019	n/a	n/a	₹3b
Jun 30 2019	n/a	n/a	₹2b
Mar 31 2019	₹45m	₹25m	₹2b
Dec 31 2018	n/a	n/a	₹2b
Sep 30 2018	n/a	n/a	₹2b
Jun 30 2018	n/a	n/a	₹2b
Mar 31 2018	₹41m	₹23m	₹2b

Compensation vs Market: Ashok's total compensation ($USD679.66K) is above average for companies of similar size in the Indian market ($USD431.82K).

Compensation vs Earnings: Ashok's compensation has been consistent with company performance over the past year.

CEO

Ashok Kajaria (76 yo)

13.1yrs

Tenure

₹56,700,000

Compensation

Mr. Ashok Kumar Kajaria, B.Sc., BSME, has been the Chairman and Joint Managing Director of Kajaria Ceramics Limited since April 1, 2011 and serves as its Director since December 20, 1985. He joined Kajaria...

Board Members

Name	Position	Tenure	Compensation	Ownership
Ashok Kajaria	Chairman & MD	38.4yrs	₹56.70m	1.89% ₹ 3.6b
Chetan Kajaria	Joint MD & Executive Director	24.3yrs	₹55.70m	17.11% ₹ 32.2b
Rishi Kajaria	Joint MD & Executive Director	20.8yrs	₹55.70m	17.95% ₹ 33.8b
Dev Rishi	Non-Executive Director	9.3yrs	₹450.00k	0.00075% ₹ 1.4m
Lalit Panwar	Independent Director	1.7yrs	₹600.00k	no data
Sushmita Singha	Independent Non-Executive Director	9.2yrs	₹660.00k	no data
Sudhir Bhargava	Independent Director	1.7yrs	₹600.00k	no data
Rajender Malla	Independent Director	less than a year	no data	no data

9.3yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 500233's board of directors are considered experienced (9.3 years average tenure).

Kajaria Ceramics Management

Management criteria checks 2/4

Key information

Recent management updates

Less than half of directors are independent

Kajaria Ceramics Limited Announces Cessation of H. Rathnakar Hegde as Independent Director, Effective April 1, 2024

Kajaria Ceramics Limited, Annual General Meeting, Sep 12, 2023

High number of new directors

Kajaria Ceramics Limited Approves Director Appointment

Kajaria Ceramics Limited, Annual General Meeting, Sep 23, 2022

Recent updates

Kajaria Ceramics Limited to Report Q4, 2024 Results on May 07, 2024

Less than half of directors are independent

Kajaria Ceramics Limited Announces Cessation of H. Rathnakar Hegde as Independent Director, Effective April 1, 2024

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Kajaria Ceramics Limited to Report Q3, 2024 Results on Jan 31, 2024

Kajaria Ceramics Limited (BSE:500233) agreed to acquire additional 9% stake in South Asian Ceramic Tiles Private Limited for INR 51 million.

Upcoming dividend of ₹6.00 per share at 1.0% yield

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Kajaria Ceramics Limited Approves an Interim Dividend for the Financial Year 2023-24, Payable On/Before November 18, 2023

Kajaria Ceramics Limited to Report Q2, 2024 Results on Oct 20, 2023

Kajaria Ceramics Limited Declares Final Dividend for the Financial Year 2022-23

Upcoming dividend of ₹3.00 per share at 0.6% yield

Kajaria Ceramics Limited, Annual General Meeting, Sep 12, 2023

Price target increased by 7.5% to ₹1,468

Kajaria Ceramics Limited (BSE:500233) agreed to acquire additional 18% stake in Kajaria Infinity Pvt. Ltd. for INR 163.9 million.

First quarter 2024 earnings released: EPS: ₹6.75 (vs ₹5.80 in 1Q 2023)

Kajaria Ceramics Limited to Report Q1, 2024 Results on Jul 26, 2023

Kajaria Ceramics Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023

Full year 2023 earnings: EPS misses analyst expectations

Kajaria Ceramics Limited to Report Q4, 2023 Results on May 16, 2023

Consensus EPS estimates fall by 10%

Third quarter 2023 earnings released: EPS: ₹4.67 (vs ₹7.68 in 3Q 2022)

Kajaria Ceramics Limited (BSE:500233) agreed to acquire additional 7.63% stake in Jaxx Vitrified Private Limited for INR 18 million.

Kajaria Ceramics Limited Announces Interim Dividend for the Financial Year 2022-23, Payable On/Before February 26, 2023

Kajaria Ceramics Limited to Report Q3, 2023 Results on Jan 28, 2023

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

High number of new directors

Kajaria Ceramics Limited to Report Q2, 2023 Results on Nov 02, 2022

Kajaria Ceramics Limited Approves Director Appointment

Upcoming dividend of ₹3.00 per share

Kajaria Ceramics Limited (BSE:500233) completed the acquisition of 51% stakes in South Asian Ceramic Tiles Private Limited approximately INR 250 million.

Kajaria Ceramics Limited Proposes Final Dividend for the Financial Year 2021-22, Payable on or Before October 22, 2022

Kajaria Ceramics Limited, Annual General Meeting, Sep 23, 2022

Kajaria Ceramics Limited (BSE:500233) agreed to acquire 51% stake in South Asian Ceramic Tiles Private Limited for approximately INR 290 million.

Kajaria Ceramics Limited (BSE:500233) agreed to acquire 51% stake in South Asian Ceramic Tiles Private Limited for approximately INR 290 million.

First quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat

Consensus forecasts updated

Price target decreased to ₹1,275

Kajaria Ceramics Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022

Full year 2022 earnings: EPS misses analyst expectations

Kajaria Ceramics Limited to Report Q4, 2022 Results on May 17, 2022

Insufficient new directors

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Kajaria Ceramics Limited (BSE:500233) agreed to acquire additional 26% stake in Cosa Ceramics Private Limited for INR 208.3 million.

Insider recently sold ₹1.2m worth of stock

Upcoming dividend of ₹8.00 per share

Price target increased to ₹1,231

Second quarter 2022 earnings released: EPS ₹7.31 (vs ₹5.61 in 2Q 2021)

Insider recently sold ₹596k worth of stock

Insider recently sold ₹1.2m worth of stock

Insider recently sold ₹13m worth of stock

First quarter 2022 earnings released: EPS ₹2.71 (vs ₹1.70 loss in 1Q 2021)

Full year 2021 earnings released: EPS ₹19.37 (vs ₹16.06 in FY 2020)

Price target increased to ₹1,008

New 90-day high: ₹992

Vice President of Human Resources recently sold ₹988k worth of stock

Insider recently sold ₹4.1m worth of stock

New 90-day high: ₹869

Insider recently sold ₹3.4m worth of stock

Analysts increase EPS estimates to ₹17.94

Upcoming Dividend of ₹10.00 Per Share

Revenue and earnings beat expectations

Third quarter 2021 earnings released: EPS ₹7.48

Price target raised to ₹642

Kajaria Ceramics Limited to Report Q3, 2021 Results on Jan 21, 2021

New 90-day high: ₹752

Insider recently sold ₹7.6m worth of stock

New 90-day high: ₹703