NRB Bearings Management

Management criteria checks 3/4

NRB Bearings' CEO is Harshbeena Zaveri, appointed in Oct 2010, has a tenure of 13.5 years. total yearly compensation is ₹51.49M, comprised of 83.3% salary and 16.7% bonuses, including company stock and options. directly owns 11.83% of the company’s shares, worth ₹3.60B. The average tenure of the management team and the board of directors is 2.3 years and 8.3 years respectively.

Key information

Harshbeena Zaveri

Chief executive officer

₹51.5m

Total compensation

CEO salary percentage	83.3%
CEO tenure	13.5yrs
CEO ownership	11.8%
Management average tenure	2.3yrs
Board average tenure	8.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Harshbeena Zaveri's remuneration changed compared to NRB Bearings's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹2b
Sep 30 2023	n/a	n/a	₹1b
Jun 30 2023	n/a	n/a	₹874m
Mar 31 2023	₹51m	₹43m	₹940m
Dec 31 2022	n/a	n/a	₹764m
Sep 30 2022	n/a	n/a	₹699m
Jun 30 2022	n/a	n/a	₹809m
Mar 31 2022	₹61m	₹54m	₹733m
Dec 31 2021	n/a	n/a	₹909m
Sep 30 2021	n/a	n/a	₹970m
Jun 30 2021	n/a	n/a	₹844m
Mar 31 2021	₹48m	₹45m	₹541m
Dec 31 2020	n/a	n/a	₹236m
Sep 30 2020	n/a	n/a	₹115m
Jun 30 2020	n/a	n/a	₹66m
Mar 31 2020	₹55m	n/a	₹321m
Dec 31 2019	n/a	n/a	₹408m
Sep 30 2019	n/a	n/a	₹546m
Jun 30 2019	n/a	n/a	₹828m
Mar 31 2019	₹55m	₹45m	₹1b
Mar 31 2018	₹39m	₹30m	₹907m

Compensation vs Market: Harshbeena's total compensation ($USD617.38K) is above average for companies of similar size in the Indian market ($USD274.99K).

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

CEO

Harshbeena Zaveri (63 yo)

13.5yrs

Tenure

₹51,486,910

Compensation

Mrs. Harshbeena Sahney Zaveri, B.Com., C.A., C.P.A., A.B (USA), served as Additional Non-Executive & Independent Director at National Peroxide Limited since March 31, 2020 until November 08, 2022. She join...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Harshbeena Zaveri	Vice Chairman	13.5yrs	₹51.49m	11.83% ₹ 3.6b
Shruti Joshi	Compliance Officer	5.7yrs	₹7.97m	0.000010% ₹ 3.0k
Raman Malhotra	Chief Financial Officer	less than a year	no data	no data
Saravanan Muthiah	Chief Technology Officer	2.3yrs	no data	no data
Herman Kamping	Vice President of International Business Development	16.8yrs	₹10.32m	no data
Anil Andurkar	Vice President of Sales & Marketing	less than a year	no data	no data
Alok Vatsa	Chief Human Resource Officer	2.3yrs	no data	no data
Arvinder Singh Gurmukh Kohli	Director of NRB Thailand	no data	₹1.12m	no data
Prakash Banait	Head of Application Engineering	no data	no data	no data
Shreekant Singhi	Senior Vice President of Human Resource	less than a year	no data	no data

2.3yrs

Average Tenure

65yo

Average Age

Experienced Management: 530367's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Harshbeena Zaveri	Vice Chairman	8.5yrs	₹51.49m	11.83% ₹ 3.6b
Ashank Desai	Non-Executive Independent Director	8.1yrs	₹860.00k	no data
Satish Rangani	Non-Executive Non-Independent Director	11.5yrs	₹13.65m	0.022% ₹ 6.6m
Tashwinder Singh	Independent Chairman of the Board	10.8yrs	₹1.71m	no data
Rajesh Vishakha	Non Executive Independent Director	5.4yrs	₹1.13m	no data
Rustom Desai	Non Executive Independent Director	7.3yrs	₹900.00k	no data

8.3yrs

Average Tenure

61yo

Average Age

Experienced Board: 530367's board of directors are considered experienced (8.3 years average tenure).

NRB Bearings Management

Management criteria checks 3/4

Key information

Recent management updates

Vice Chairman recently bought ₹5.1m worth of stock

NRB Bearings Limited Approves Change in Designation of Satish Rangani as A Non- Executive, Non- Independent Director

NRB Bearings Limited Appoints Deepak Bapana as Director International Finance & Global Expansion with Effect from March 22, 2024

NRB Bearings Limited Announces Executive Changes

Vice Chairman recently bought ₹5.0m worth of stock

Vice Chairman recently bought ₹3.5m worth of stock

Recent updates

Vice Chairman recently bought ₹5.1m worth of stock

NRB Bearings Limited Approves Change in Designation of Satish Rangani as A Non- Executive, Non- Independent Director

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

NRB Bearings Limited Appoints Deepak Bapana as Director International Finance & Global Expansion with Effect from March 22, 2024

NRB Bearings Limited to Report Q3, 2024 Results on Feb 13, 2024

NRB Bearings Limited Announces Executive Changes

Investor sentiment improves as stock rises 16%

Vice Chairman recently bought ₹5.0m worth of stock

Vice Chairman recently bought ₹3.5m worth of stock

Second quarter 2024 earnings released: EPS: ₹2.48 (vs ₹1.30 in 2Q 2023)

NRB Bearings Limited Approves Final Dividend for the Financial Year Ended March 31, 2023

Vice Chairman recently bought ₹1.1m worth of stock

Upcoming dividend of ₹1.00 per share at 1.5% yield

NRB Bearings Limited, Annual General Meeting, Sep 29, 2023

Vice Chairman recently bought ₹30m worth of stock

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Insufficient new directors

NRB Bearings Limited to Report Q1, 2024 Results on Aug 11, 2023

NRB Bearings Limited to Report Q4, 2023 Results on May 30, 2023

Vice Chairman recently bought ₹5.6m worth of stock

Insider recently bought ₹1.1m worth of stock

NRB Bearings Limited Announces Executive Changes

Third quarter 2023 earnings released: EPS: ₹2.36 (vs ₹1.70 in 3Q 2022)

NRB Bearings Limited Announces Executive Changes

NRB Bearings Limited to Report Q3, 2023 Results on Feb 11, 2023

Insider recently bought ₹119k worth of stock

Insufficient new directors

Second quarter 2023 earnings released: EPS: ₹1.30 (vs ₹2.43 in 2Q 2022)

Upcoming dividend of ₹2.00 per share

NRB Bearings Limited, Annual General Meeting, Sep 15, 2022

NRB Bearings Limited Proposes Dividend for the Financial Year Ended March 31, 2022

First quarter 2023 earnings released: EPS: ₹2.47 (vs ₹1.68 in 1Q 2022)

NRB Bearings Limited to Report Q1, 2023 Results on Aug 06, 2022

Vice Chairman recently bought ₹1.2m worth of stock

Now 20% undervalued

NRB Bearings Limited Recommends Dividend for the Financial Year Ended March 31, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

NRB Bearings Limited to Report Q4, 2022 Results on May 30, 2022

Now 24% undervalued after recent price drop

Price target increased to ₹192

Insufficient new directors

NRB Bearings Limited to Report Q3, 2022 Results on Feb 14, 2022

NRB Bearings Limited Announces Closure of the Plants at Thane and Chikalthane

Now 22% undervalued

Investor sentiment improved over the past week

Insufficient new directors

Investor sentiment improved over the past week

Price target increased to ₹171

Vice Chairman recently bought ₹4.3m worth of stock

Upcoming dividend of ₹0.50 per share

Vice Chairman recently bought ₹943k worth of stock

First quarter 2022 earnings released: EPS ₹1.68 (vs ₹1.45 loss in 1Q 2021)

Vice Chairman recently bought ₹51k worth of stock

Full year 2021 earnings released: EPS ₹5.58 (vs ₹3.31 in FY 2020)

NRB Bearings Limited Recommends Final Dividend for the Financial Year Ended March 31, 2021

Vice Chairman recently bought ₹251k worth of stock

New 90-day high: ₹121

Insider recently bought ₹196k worth of stock

Third quarter 2021 earnings released: EPS ₹2.33 (vs ₹1.07 in 3Q 2020)

New 90-day high: ₹119

NRB Bearings Limited to Report Q3, 2021 Results on Feb 07, 2021

Insider recently bought ₹5.7m worth of stock

New 90-day high: ₹102

Price target raised to ₹91.67

New 90-day high: ₹89.30

Market bids up stock over the past week

Insider recently bought ₹475k worth of stock

New 90-day low: ₹67.00

Vice Chairman recently bought ₹601k worth of stock