Ashok Leyland Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Shenu Agarwal

Chief executive officer

₹41.8m

Total compensation

CEO salary percentage	30.5%
CEO tenure	1.3yrs
CEO ownership	n/a
Management average tenure	2.4yrs
Board average tenure	9.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Shenu Agarwal's remuneration changed compared to Ashok Leyland's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹24b
Sep 30 2023	n/a	n/a	₹21b
Jun 30 2023	n/a	n/a	₹18b
Mar 31 2023	₹42m	₹13m	₹12b

Compensation vs Market: Shenu's total compensation ($USD501.20K) is about average for companies of similar size in the Indian market ($USD558.41K).

Compensation vs Earnings: Insufficient data to compare Shenu's compensation with company performance.

CEO

Shenu Agarwal

1.3yrs

Tenure

₹41,812,036

Compensation

Mr. Shenu Agarwal serves as Chief Executive Officer and Managing Director at Ashok Leyland Limited since December 08, 2022 and serves as its Director. He had been President of Agri Machinery and Constructi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Dheeraj Hinduja	Executive Chairman	27.6yrs	₹180.00m	no data
Shenu Agarwal	CEO, MD & Director	1.3yrs	₹41.81m	no data
Gopal Mahadevan	CFO & Whole Time Director	10.8yrs	₹140.74m	0.00070% ₹ 3.8m
Andrew Palmer	CEO of Switch Mobility	2.8yrs	₹300.00k	no data
Sanjay Jorapur	President & Head of HR	1.4yrs	no data	no data
Amanpreet Singh	President & Head HR	no data	no data	no data
S Mani	Chief Operating Officer	1.8yrs	no data	no data
N. Saravanan	Chief Technology Officer	no data	no data	no data
S. Venkataraman	General Manager of Legal	no data	no data	no data
Natarajan Ramanathan	Company Secretary & Compliance Officer	10.8yrs	₹18.50m	no data
Sanjay Saraswat	Chief Business Transformation Officer & Corporate Communication	no data	no data	no data
Rajesh Mani	Head of Marketing & Corporate Communication	no data	no data	no data

2.4yrs

Average Tenure

57yo

Average Age

Experienced Management: 500477's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Dheeraj Hinduja	Executive Chairman	27.6yrs	₹180.00m	no data
Shenu Agarwal	CEO, MD & Director	no data	₹41.81m	no data
Gopal Mahadevan	CFO & Whole Time Director	4.9yrs	₹140.74m	0.00070% ₹ 3.8m
Canakapalli Rao	Additional Non Executive Non Independent Director	3.7yrs	₹8.26m	0.00028% ₹ 1.5m
Jose Alapont	Independent Non-Executive Director	7.3yrs	₹8.51m	no data
Ram Shahaney	Chairman Emeritus	13.5yrs	₹7.76m	no data
Jean Brunol	Independent Non-Executive Director	13.5yrs	₹7.60m	no data
Saugata Gupta	Independent Non Executive Director	4.4yrs	₹7.70m	no data
Sanjay Asher	Independent Non-Executive Director	13.3yrs	₹8.48m	no data
Shom Hinduja	Additional Non-Executive Non-Independent Director	2.4yrs	₹5.04m	no data
Manisha Girotra	Independent Non-Executive Director	9.6yrs	₹6.80m	no data
Andreas Biagosch	Independent Non-Executive Director	10.9yrs	₹7.14m	no data

9.6yrs

Average Tenure

60yo

Average Age

Experienced Board: 500477's board of directors are considered experienced (9.6 years average tenure).

Ashok Leyland Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Ashok Leyland Limited, Annual General Meeting, Jul 21, 2023

Ashok Leyland Announces Changes to Its President & Head of HR

Ashok Leyland Limited Announces Resignation of Andrew C Palmer as Non-Executive Non-Independent Director

Ashok Leyland Appoints Ganesh Mani as President and COO

Ashok Leyland Limited, Annual General Meeting, Jul 29, 2022

Recent updates

Third quarter 2024 earnings released: EPS: ₹1.91 (vs ₹1.09 in 3Q 2023)

Ashok Leyland Limited to Report Q3, 2024 Results on Feb 05, 2024

Ashok Leyland Limited Unveils AL H6 Diesel - CEV Stage V Engine Along with Other Innovative Products at EXCON 2023

Second quarter 2024 earnings released: EPS: ₹1.79 (vs ₹0.56 in 2Q 2023)

Ashok Leyland Limited to Report Q2, 2024 Results on Nov 09, 2023

Ashok Leyland Launches Ecomet Star 1915 Truck with Gvw of 18.49T in the Icv Segmen

Insufficient new directors

Ashok Leyland to Fully Acquire OHM India

Price target increased by 7.8% to ₹195

Ashok Leyland Limited to Report Q1, 2024 Results on Jul 21, 2023

Ashok Leyland Limited to Report Q1, 2024 Results on Jul 21, 2023

New minor risk - Shareholder dilution

Full year 2023 earnings released: EPS: ₹4.23 (vs ₹1.22 loss in FY 2022)

Upcoming dividend of ₹2.60 per share at 1.6% yield

Ashok Leyland Limited, Annual General Meeting, Jul 21, 2023

Full year 2023 earnings released: EPS: ₹4.23 (vs ₹1.22 loss in FY 2022)

Third quarter 2023 earnings released: EPS: ₹1.09 (vs ₹0.41 loss in 3Q 2022)

Ashok Leyland Limited to Report Q3, 2023 Results on Feb 01, 2023

Ashok Leyland Announces Changes to Its President & Head of HR

Second quarter 2023 earnings released: EPS: ₹0.56 (vs ₹0.36 loss in 2Q 2022)

Second quarter 2023 earnings released: EPS: ₹0.56 (vs ₹0.36 loss in 2Q 2022)

Ashok Leyland Limited Announces Resignation of Andrew C Palmer as Non-Executive Non-Independent Director

Ashok Leyland Limited to Report Q2, 2023 Results on Nov 10, 2022

Ashok Leyland Limited to Report Q1, 2023 Results on Jul 29, 2022

Ashok Leyland Appoints Ganesh Mani as President and COO

Full year 2022 earnings released: ₹1.22 loss per share (vs ₹0.56 loss in FY 2021)

Upcoming dividend of ₹1.00 per share

Price target increased to ₹160

Full year 2022 earnings released: ₹1.22 loss per share (vs ₹0.56 loss in FY 2021)

Ashok Leyland Limited, Annual General Meeting, Jul 29, 2022

Ashok Leyland in Talks to Raise for EV Arm Switch Mobility

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Second quarter 2022 earnings released: ₹0.36 loss per share (vs ₹0.42 loss in 2Q 2021)

Price target increased to ₹159

High number of new directors

Ashok Leyland Limited Expects to Open Up of Plants in Phased Manner

Tata, Mahindra, Ashok Leyland Reportedly Eye BEML Stake

Ashok Leyland Limited (NSEI:ASHOKLEY) entered into an agreement to acquire remaining 38% stake in Hinduja Tech Limited from Nissan International Holding B.V. for approximately INR 700 million.

Price target raised to ₹124

Price target raised to ₹112

Third quarter 2021 earnings released: EPS ₹0.05 (vs ₹0.09 in 3Q 2020)

Ashok Leyland Limited to Report Q3, 2021 Results on Feb 11, 2021

New 90-day high: ₹122

New 90-day high: ₹104

Insider recently sold ₹494k worth of stock

Ashok Leyland Reportedly in Preliminary Talks to Sell Minority Stake Electric Vehicles Subsidiary

New 90-day high: ₹95.35

Hitachi ABB Power Grids Teams Up with Ashok Leyland in E-Bus Pi-Lot at IIT Madras Campus

Chief Operating Officer recently sold ₹4.6m worth of stock

Price target raised to ₹83.79

New 90-day high: ₹91.05

Second quarter 2021 earnings released: ₹0.42 loss per share

New 90-day high: ₹81.85

Ashok Leyland Limited Receives an Order for 1,400 ICVs from Procure Box

New 90-day high - ₹74.85

Price target raised to ₹62.44

New 90-day high - ₹61.05

Earnings released

Ashok Leyland Limited to Report Q1, 2021 Results on Aug 12, 2020

Price target lowered to ₹55.19

Price target lowered to ₹55.00

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members