Elecon Engineering Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Prayasvin Patel

Chief executive officer

₹120.9m

Total compensation

CEO salary percentage	25.1%
CEO tenure	40.8yrs
CEO ownership	2.3%
Management average tenure	4.2yrs
Board average tenure	6.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Prayasvin Patel's remuneration changed compared to Elecon Engineering's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	₹4b
Dec 31 2023	n/a	n/a	₹3b
Sep 30 2023	n/a	n/a	₹3b
Jun 30 2023	n/a	n/a	₹3b
Mar 31 2023	₹121m	₹30m	₹2b
Dec 31 2022	n/a	n/a	₹2b
Sep 30 2022	n/a	n/a	₹2b
Jun 30 2022	n/a	n/a	₹2b
Mar 31 2022	₹61m	₹30m	₹1b
Dec 31 2021	n/a	n/a	₹1b
Sep 30 2021	n/a	n/a	₹1b
Jun 30 2021	n/a	n/a	₹1b
Mar 31 2021	₹31m	₹31m	₹576m
Dec 31 2020	n/a	n/a	₹962m
Sep 30 2020	n/a	n/a	₹808m
Jun 30 2020	n/a	n/a	₹686m
Mar 31 2020	₹28m	₹27m	₹897m
Dec 31 2019	n/a	n/a	₹296m
Sep 30 2019	n/a	n/a	₹234m
Jun 30 2019	n/a	n/a	₹630m
Mar 31 2019	₹21m	₹20m	₹701m
Dec 31 2018	n/a	n/a	₹1b
Sep 30 2018	n/a	n/a	₹1b
Jun 30 2018	n/a	n/a	₹512m
Mar 31 2018	₹21m	₹20m	₹75m

Compensation vs Market: Prayasvin's total compensation ($USD1.45M) is above average for companies of similar size in the Indian market ($USD433.43K).

Compensation vs Earnings: Prayasvin's compensation has increased by more than 20% in the past year.

CEO

Prayasvin Patel (65 yo)

40.8yrs

Tenure

₹120,868,000

Compensation

Mr. Prayasvin Bhanubhai Patel, BE, MBA, serves as Chairman and Managing Director of Power Build Limited. He has been Non-Independent Executive Chairman of Elecon Engineering Company Limited since September...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Prayasvin Patel	Non-Independent Executive Chairman & MD	no data	₹120.87m	2.3% ₹ 2.9b
Narasimhan Raghunathan	Chief Financial Officer	4.2yrs	₹4.99m	no data
Bhartiben Isarani	Company Secretary & Compliance Officer	5.8yrs	₹1.97m	no data
Dinesh Patel	Group Technical Director	no data	no data	no data
M. Nanda	Head of Gear Division	no data	no data	no data
P. Bhasin	Head of MHE Division	3yrs	no data	no data

4.2yrs

Average Tenure

Experienced Management: 505700's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Prayasvin Patel	Non-Independent Executive Chairman & MD	40.8yrs	₹120.87m	2.3% ₹ 2.9b
Pranav Amin	Independent Non-Executive Director	3yrs	₹1.10m	no data
Nirmal Bhogilal	Independent & Non-Executive Director	less than a year	no data	no data
Pradip Patel	Non-Independent & Non-Executive Director	46.5yrs	₹1.32m	0.038% ₹ 48.9m
Prashantbhai Amin	Non-Independent & Non-Executive Director	15.8yrs	₹1.17m	0.036% ₹ 46.1m
Ashutosh Pednekar	Non-Executive Independent Director	1.8yrs	₹1.25m	no data
Sonal Ambani	Independent & Non-Executive Woman Director	9.3yrs	₹1.32m	no data
Aayush Shah	Non-Executive Non-Independent Director	1.1yrs	no data	no data

6.1yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 505700's board of directors are considered experienced (6.1 years average tenure).

Elecon Engineering Management

Management criteria checks 2/4

Key information

Recent management updates

Elecon Engineering Company Limited Announces Cessation of Jai Diwanji as Non-Executive Independent Director, Effective March 31, 2024

Elecon Engineering Company Limited, Annual General Meeting, Jun 28, 2023

Elecon Engineering Company Limited Appoints Ashutosh Pednekar as Chairman of Audit Committee

Elecon Engineering Company Limited Appoints Ashutosh Pednekar as a Non-Executive Independent Director, Effective July 1, 2022

Elecon Engineering Company Limited Announces Cessation of Jal R. Patel as an Independent & Non-Executive Director

Insider recently bought ₹847k worth of stock

Recent updates

Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Elecon Engineering Company Limited Recommends Final Dividend for the Financial Year 2023-24

Investor sentiment improves as stock rises 20%

Elecon Engineering Company Limited to Report Q4, 2024 Results on Apr 19, 2024

Third quarter 2024 earnings released: EPS: ₹8.06 (vs ₹5.59 in 3Q 2023)

Elecon Engineering Company Limited Announces Cessation of Jai Diwanji as Non-Executive Independent Director, Effective March 31, 2024

Elecon Engineering Company Limited to Report Q3, 2024 Results on Jan 25, 2024

Investor sentiment improves as stock rises 16%

Upcoming dividend of ₹1.00 per share at 0.3% yield

Second quarter 2024 earnings released: EPS: ₹7.89 (vs ₹5.75 in 2Q 2023)

Elecon Engineering Company Limited Provides Revenue Guidance for the Fiscal Year 2024

Elecon Engineering Company Limited to Report Q2, 2024 Results on Oct 20, 2023

Investor sentiment deteriorates as stock falls 16%

New minor risk - Share price stability

Investor sentiment improves as stock rises 17%

Elecon Engineering Company Limited to Report Q1, 2024 Results on Jul 11, 2023

Full year 2023 earnings released: EPS: ₹21.17 (vs ₹12.52 in FY 2022)

Elecon Engineering Company Limited Proposes Final Dividend for the Financial Year Ended on March 31, 2023

Upcoming dividend of ₹2.00 per share at 0.4% yield

Elecon Engineering Company Limited, Annual General Meeting, Jun 28, 2023

Investor sentiment improves as stock rises 16%

Full year 2023 earnings released: EPS: ₹21.17 (vs ₹12.52 in FY 2022)

Third quarter 2023 earnings released: EPS: ₹5.59 (vs ₹2.81 in 3Q 2022)

Elecon Engineering Company Limited to Report Q3, 2023 Results on Jan 24, 2023

Investor sentiment deteriorated over the past week

Second quarter 2023 earnings released: EPS: ₹5.75 (vs ₹3.15 in 2Q 2022)

Elecon Engineering Company Limited to Report Q2, 2023 Results on Nov 03, 2022

Investor sentiment improved over the past week

First quarter 2023 earnings released: EPS: ₹3.77 (vs ₹2.43 in 1Q 2022)

Elecon Engineering Company Limited to Report Q1, 2023 Results on Jul 21, 2022

Elecon Engineering Company Limited Appoints Ashutosh Pednekar as Chairman of Audit Committee

Investor sentiment improved over the past week

Elecon Engineering Company Limited Appoints Ashutosh Pednekar as a Non-Executive Independent Director, Effective July 1, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of ₹1.40 per share

Elecon Engineering Company Limited Proposes Special Dividend for the Financial Year Ended on 31 March 2022

Now 22% undervalued

Full year 2022 earnings: EPS and revenues miss analyst expectations

Investor sentiment improved over the past week

Elecon Engineering Company Limited Announces Cessation of Jal R. Patel as an Independent & Non-Executive Director

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS ₹3.15 (vs ₹1.96 in 2Q 2021)

Insider recently bought ₹847k worth of stock

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹5.14 (vs ₹8.00 in FY 2020)

Upcoming dividend of ₹0.40 per share

Full year 2021 earnings released: EPS ₹5.14 (vs ₹8.00 in FY 2020)

Elecon Engineering Company Limited Recommends Dividend

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

New 90-day high: ₹57.70

Third quarter 2021 earnings released: EPS ₹2.20 (vs ₹0.83 in 3Q 2020)

Elecon Engineering Company Limited to Report Q3, 2021 Results on Feb 09, 2021

Elecon Engineering Company Limited Announces Intimation of Temporary Close Down/Shifting of Plant of One Division Due to COVID 19

New 90-day low: ₹24.30

Elecon Engineering Company Limited to Report Q1, 2021 Results on Aug 11, 2020

New 90-day high - ₹31.50

First quarter earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members