Pitti Engineering Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Sharad Pitti

Chief executive officer

₹9.9m

Total compensation

CEO salary percentage	100.0%
CEO tenure	40.7yrs
CEO ownership	19.1%
Management average tenure	6.4yrs
Board average tenure	17.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sharad Pitti's remuneration changed compared to Pitti Engineering's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹747m
Sep 30 2023	n/a	n/a	₹735m
Jun 30 2023	n/a	n/a	₹611m
Mar 31 2023	₹10m	₹10m	₹588m
Dec 31 2022	n/a	n/a	₹538m
Sep 30 2022	n/a	n/a	₹532m
Jun 30 2022	n/a	n/a	₹562m
Mar 31 2022	₹10m	₹10m	₹519m
Dec 31 2021	n/a	n/a	₹531m
Sep 30 2021	n/a	n/a	₹488m
Jun 30 2021	n/a	n/a	₹459m
Mar 31 2021	₹10m	₹10m	₹288m
Dec 31 2020	n/a	n/a	₹91m
Sep 30 2020	n/a	n/a	₹59m
Jun 30 2020	n/a	n/a	₹28m
Mar 31 2020	₹7m	₹5m	₹171m
Dec 31 2019	n/a	n/a	₹222m
Sep 30 2019	n/a	n/a	₹232m
Jun 30 2019	n/a	n/a	₹242m
Mar 31 2019	₹5m	₹5m	₹237m
Dec 31 2018	n/a	n/a	₹199m
Sep 30 2018	n/a	n/a	₹174m
Jun 30 2018	n/a	n/a	₹128m
Mar 31 2018	₹5m	₹5m	₹113m

Compensation vs Market: Sharad's total compensation ($USD118.49K) is below average for companies of similar size in the Indian market ($USD268.08K).

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

CEO

Sharad Pitti (66 yo)

40.7yrs

Tenure

₹9,878,000

Compensation

Mr. Sharad Badrivishal Pitti serves as the Chairman and Managing Director at Pitti Engineering Limited (formerly known as Pitti Laminations Limited). Mr. Pitti serves as the Chairman at Pitti Castings Pvt...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sharad Pitti	Chairman & MD	no data	₹9.88m	19.11% ₹ 5.3b
Akshay Pitti	Vice Chairman & MD	19.6yrs	₹9.88m	13.19% ₹ 3.7b
M. Pavankumar	Chief Financial Officer	1.5yrs	no data	no data
Sandip Agarwala	President of Operations & Marketing	no data	no data	no data
Mary Braganza	Company Secretary & Compliance Officer	6.4yrs	₹1.78m	no data

6.4yrs

Average Tenure

44yo

Average Age

Experienced Management: 513519's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sharad Pitti	Chairman & MD	40.7yrs	₹9.88m	19.11% ₹ 5.3b
Akshay Pitti	Vice Chairman & MD	19.6yrs	₹9.88m	13.19% ₹ 3.7b
Muddusetty Gopalakrishna	Non-Executive Independent Director	16.9yrs	₹400.00k	no data
Nagabhushan Ganti	Non-Executive Independent Director	21.6yrs	₹450.00k	0.0050% ₹ 1.4m
Comal Ramachandran	Non-Executive Independent Director	9.7yrs	₹400.00k	no data
Gummalla Kumar	Non-Executive Independent Director	17.8yrs	₹675.00k	0.000060% ₹ 16.8k
Swaminathan Thiagarajan	Non-Executive Independent Director	9.1yrs	₹450.00k	no data

17.8yrs

Average Tenure

69yo

Average Age

Experienced Board: 513519's board of directors are seasoned and experienced ( 17.8 years average tenure).

Pitti Engineering Management

Management criteria checks 4/4

Key information

Recent management updates

Pitti Engineering Limited, Annual General Meeting, Aug 18, 2023

Insufficient new directors

Pitti Engineering Limited Announces Chief Financial Officer Changes

Pitti Engineering Limited Announces Demise of D V Aditya, Non-Executive Independent Director

Pitti Engineering Limited Appoints Shri D V Aditya as an Independent Director of the Company

Pitti Engineering Limited, Annual General Meeting, Sep 23, 2022

Recent updates

Now 21% overvalued after recent price rise

Pitti Engineering Limited (BSE:513519) signed an agreement to acquire Bagadia Chaitra Industries Private Limited for an enterprise value of INR 1.2 billion.

Consensus EPS estimates fall by 18%

Investor sentiment improves as stock rises 16%

Now 24% overvalued after recent price rise

Third quarter 2024 earnings released: EPS: ₹4.16 (vs ₹3.78 in 3Q 2023)

Price target increased by 8.3% to ₹963

Investor sentiment improves as stock rises 16%

Upcoming dividend of ₹1.20 per share at 0.5% yield

Full year 2023 earnings released: EPS: ₹18.36 (vs ₹16.18 in FY 2022)

Pitti Engineering Limited to Report Q4, 2024 Results on May 30, 2024

Investor sentiment improves as stock rises 19%

Full year 2023 earnings released: EPS: ₹18.36 (vs ₹16.18 in FY 2022)

Pitti Engineering Limited, Annual General Meeting, Aug 18, 2023

Upcoming dividend of ₹1.50 per share at 1.9% yield

Third quarter 2023 earnings released: EPS: ₹3.73 (vs ₹3.59 in 3Q 2022)

Pitti Engineering Limited Declares Interim Dividend for the Financial Year 2022-23

Second quarter 2023 earnings released: EPS: ₹3.17 (vs ₹4.04 in 2Q 2022)

Insufficient new directors

Pitti Engineering Limited Announces Chief Financial Officer Changes

Pitti Engineering Limited Announces Demise of D V Aditya, Non-Executive Independent Director

Pitti Engineering Limited Appoints Shri D V Aditya as an Independent Director of the Company

Upcoming dividend of ₹0.85 per share

Pitti Engineering Limited to Report Q3, 2023 Results on Feb 14, 2023

Pitti Engineering Limited, Annual General Meeting, Sep 23, 2022

First quarter 2023 earnings released: EPS: ₹3.65 (vs ₹2.31 in 1Q 2022)

Pitti Engineering Limited to Report Q1, 2023 Results on Aug 10, 2022

Investor sentiment improved over the past week

Full year 2022 earnings released: EPS: ₹16.18 (vs ₹8.97 in FY 2021)

Pitti Engineering Limited Recommends Final Dividend for the Financial Year Ended 31 March 2022

Investor sentiment deteriorated over the past week

Insufficient new directors

Pitti Engineering Limited Appoints Akshay S Pitti as Interim Chief Financial Officer

Investor sentiment improved over the past week

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

Pitti Engineering Limited Declares Third Interim Dividend for the Financial Year 2021-2022, Payable on or Before March 11, 2022

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS ₹4.04 (vs ₹3.15 in 2Q 2021)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS ₹2.31 (vs ₹3.05 loss in 1Q 2021)

Upcoming dividend of ₹37.50 per share

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹8.97 (vs ₹5.42 in FY 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

New 90-day high: ₹71.20

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS ₹2.26 (vs ₹1.27 in 3Q 2020)

New 90-day high: ₹66.00

New 90-day high: ₹63.20

New 90-day high: ₹52.55

New 90-day high: ₹47.15

Market bids up stock over the past week

New 90-day high: ₹39.90

Pitti Engineering Limited to Report Q1, 2021 Results on Aug 12, 2020

New 90-day high - ₹36.15

First quarter earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members