Elgi Equipments Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Jairam Varadaraj

Chief executive officer

₹21.1m

Total compensation

CEO salary percentage	96.0%
CEO tenure	32yrs
CEO ownership	8.9%
Management average tenure	1.8yrs
Board average tenure	25.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jairam Varadaraj's remuneration changed compared to Elgi Equipments'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	₹21m	₹20m	₹4b
Dec 31 2022	n/a	n/a	₹3b
Sep 30 2022	n/a	n/a	₹2b
Jun 30 2022	n/a	n/a	₹2b
Mar 31 2022	₹18m	₹17m	₹2b
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	₹16m	₹13m	₹1b
Dec 31 2020	n/a	n/a	₹602m
Sep 30 2020	n/a	n/a	₹384m
Jun 30 2020	n/a	n/a	₹168m
Mar 31 2020	₹17m	n/a	₹426m

Compensation vs Market: Jairam's total compensation ($USD252.50K) is below average for companies of similar size in the Indian market ($USD565.89K).

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

CEO

Jairam Varadaraj (62 yo)

32yrs

Tenure

₹21,050,070

Compensation

Dr. Jairam Varadaraj has been the Managing Director of ELGI Equipments Limited since July 22, 2006 and also serves as its Chief Executive Officer. Dr. Varadaraj has been the Managing Director at ELGI Indus...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jairam Varadaraj	CEO, MD & Executive Director	no data	₹21.05m	8.92% ₹ 18.6b
Bheemsingh Melchisedec	Director of Operations	2.3yrs	no data	no data
K. Venu Madhav	Director of Technology	no data	no data	no data
Anvar Varadaraj	Senior Manager of Marketing & Corporate Communications and Executive Director	9.2yrs	₹4.64m	0.61% ₹ 1.3b
R. Jayakanthan	Executive Officer	less than a year	no data	no data
Ramesh Ponnuswami	Executive Director of OSEA	no data	no data	no data
Chris Ringlstetter	President of Europe	5.3yrs	no data	no data
Indranil Sen	Chief Financial Officer	less than a year	no data	no data
Prasanna Venkatesan	General Manager of Finance & Accounts	no data	no data	no data
Shyam Vasudevan	Vice President of Legal & Secretarial	no data	no data	no data
Nitesh Jain	Chief Human Resource Officer	1.3yrs	no data	no data
V.P Vijayakumar	Head of Design	no data	no data	no data

1.8yrs

Average Tenure

55yo

Average Age

Experienced Management: 522074's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Jairam Varadaraj	CEO, MD & Executive Director	32yrs	₹21.05m	8.92% ₹ 18.6b
Anvar Varadaraj	Senior Manager of Marketing & Corporate Communications and Executive Director	4.1yrs	₹4.64m	0.61% ₹ 1.3b
Sudarsan Varadaraj	Non Executive Director	30.5yrs	₹90.00k	0.090% ₹ 187.6m
Balakrishnan Vijayakumar	Independent Non-Executive Director	31.3yrs	₹30.00k	0.032% ₹ 65.8m
Mathrubutham Ramprasad	Independent Non-Executive Director	19.7yrs	₹310.00k	0.0051% ₹ 10.5m
N. Nambiar	Independent Non Executive Director	41.3yrs	₹300.00k	no data
Ganesh Devaraj	Independent Non-Executive Director	20.6yrs	₹340.00k	no data
Aruna Thangaraj	Independent Non Executive Director	5yrs	₹350.00k	no data

25.5yrs

Average Tenure

59.5yo

Average Age

Experienced Board: 522074's board of directors are seasoned and experienced ( 25.5 years average tenure).

Elgi Equipments Management

Management criteria checks 3/4

Key information

Recent management updates

Elgi Equipments Limited Announces Chief Financial Officer Changes, Effective from March 18, 2024

Elgi Equipments Limited Announces Chief Financial Officer Changes, Effective from March 18, 2024

Elgi Equipments Limited Announces Resignation of S Prakash as Company Secretary and Compliance Officer

Elgi Equipments Limited, Annual General Meeting, Aug 04, 2023

Insufficient new directors

Insufficient new directors

Recent updates

Elgi Equipments Limited Announces Chief Financial Officer Changes, Effective from March 18, 2024

Elgi Equipments Limited Announces Chief Financial Officer Changes, Effective from March 18, 2024

Price target increased by 13% to ₹550

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Elgi Equipments Limited to Report Q3, 2024 Results on Feb 12, 2024

Elgi Equipments Limited Announces Resignation of S Prakash as Company Secretary and Compliance Officer

Second quarter 2024 earnings: EPS exceeds analyst expectations

Elgi Equipments Limited to Report Q2, 2024 Results on Nov 08, 2023

Elgi Equipments Limited to Report Q1, 2024 Results on Aug 11, 2023

Upcoming dividend of ₹2.00 per share at 0.4% yield

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.9% to ₹486

Investor sentiment improves as stock rises 15%

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Elgi Equipments Limited, Annual General Meeting, Aug 04, 2023

Price target increased by 9.8% to ₹455

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Elgi Equipments Limited to Report Q3, 2023 Results on Feb 03, 2023

Insufficient new directors

Consensus EPS estimates increase by 27%

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Elgi Equipments Limited to Report Q2, 2023 Results on Nov 04, 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Price target increased to ₹336

Investor sentiment improved over the past week

Upcoming dividend of ₹1.15 per share

Elgi Equipments Limited to Report Q1, 2023 Results on Aug 12, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Insufficient new directors

ELGI Equipments Limited Recommends Final Dividend for the Financial Year Ended 31 March, 2022, Payable on or Before September 11, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Investor sentiment deteriorated over the past week

Elgi Equipments Limited to Report Q4, 2022 Results on May 13, 2022

Price target increased to ₹310

Investor sentiment deteriorated over the past week

Consensus EPS estimates increase by 20%

Price target increased to ₹227

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improved over the past week

Second quarter 2022 earnings released

CEO, MD & Executive Director recently sold ₹43m worth of stock

Consensus forecasts updated

Company Secretary & Compliance Officer K. Ragunathan has left the company

Upcoming dividend of ₹0.80 per share

Full year 2021 earnings released: EPS ₹3.24 (vs ₹1.34 in FY 2020)

Price target increased to ₹199

Price target increased to ₹182

Full year 2021 earnings released: EPS ₹3.24 (vs ₹1.34 in FY 2020)

ELGI Equipments Limited Recommends Dividend for the Financial Year Ended 31 March, 2021

New 90-day high: ₹181

Analysts increase EPS estimates to ₹3.15

Revenue and earnings beat expectations

Third quarter 2021 earnings released: EPS ₹1.09 (vs ₹0.41 in 3Q 2020)

ELGI Equipments Limited to Report Q3, 2021 Results on Feb 08, 2021

New 90-day high: ₹179

New 90-day high: ₹136

New 90-day high: ₹127

Analysts increase revenue estimates to ₹17.7b

Price target raised to ₹121

Revenue and earnings beat expectations

Second quarter 2021 earnings released: EPS ₹0.77

New 90-day high: ₹252

Analysts increase EPS estimates to ₹2.30

First quarter earnings released

New 90-day high - ₹174

New 90-day high - ₹170

CEO Compensation Analysis