Somany Ceramics Management

Management criteria checks 2/4

Somany Ceramics' CEO is Abhishek Somany, appointed in Aug 2022, has a tenure of 1.75 years. total yearly compensation is ₹61.17M, comprised of 77% salary and 23% bonuses, including company stock and options. directly owns 6.96% of the company’s shares, worth ₹1.81B. The average tenure of the management team and the board of directors is 1.8 years and 10 years respectively.

Key information

Abhishek Somany

Chief executive officer

₹61.2m

Total compensation

CEO salary percentage	77.0%
CEO tenure	1.8yrs
CEO ownership	7.0%
Management average tenure	1.8yrs
Board average tenure	10yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Abhishek Somany's remuneration changed compared to Somany Ceramics's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹904m
Sep 30 2023	n/a	n/a	₹801m
Jun 30 2023	n/a	n/a	₹655m
Mar 31 2023	₹61m	₹47m	₹715m
Dec 31 2022	n/a	n/a	₹637m
Sep 30 2022	n/a	n/a	₹846m
Jun 30 2022	n/a	n/a	₹1b
Mar 31 2022	₹55m	₹38m	₹887m
Dec 31 2021	n/a	n/a	₹1b
Sep 30 2021	n/a	n/a	₹987m
Jun 30 2021	n/a	n/a	₹842m
Mar 31 2021	₹18m	₹18m	₹570m
Dec 31 2020	n/a	n/a	₹174m
Sep 30 2020	n/a	n/a	-₹4m
Jun 30 2020	n/a	n/a	-₹144m
Mar 31 2020	₹33m	₹33m	₹150m
Dec 31 2019	n/a	n/a	₹484m
Sep 30 2019	n/a	n/a	₹472m
Jun 30 2019	n/a	n/a	₹453m
Mar 31 2019	₹54m	₹35m	₹463m
Dec 31 2018	n/a	n/a	₹482m
Sep 30 2018	n/a	n/a	₹556m
Jun 30 2018	n/a	n/a	₹720m
Mar 31 2018	₹68m	₹29m	₹704m

Compensation vs Market: Abhishek's total compensation ($USD733.75K) is above average for companies of similar size in the Indian market ($USD267.24K).

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

CEO

Abhishek Somany (51 yo)

1.8yrs

Tenure

₹61,171,000

Compensation

Mr. Abhishek Somany, BBA (UK) serves as Managing Director and CEO of Somany Ceramics Limited since August 10, 2022. He served as the President of Somany Ceramics Ltd., for 7years. He has been Whole Time Di...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Shreekant Somany	Non-Independent Executive Chairman & MD	31.7yrs	₹39.95m	0.57% ₹ 149.4m
Abhishek Somany	Managing Director	1.8yrs	₹61.17m	6.96% ₹ 1.8b
Sailesh Kedawat	Chief Financial Officer	1.5yrs	₹5.37m	no data
Ambrish Julka	Senior GM of Legal	no data	₹3.67m	no data
Biju Sebastian	Vice President of Corporate Human Resources	15yrs	no data	no data
Kumar Sunit	Assistant General Manager of Finance	no data	no data	no data
Ashavani Mani	Assistant Vice President	no data	no data	no data

1.8yrs

Average Tenure

51yo

Average Age

Experienced Management: 531548's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Shreekant Somany	Non-Independent Executive Chairman & MD	31.7yrs	₹39.95m	0.57% ₹ 149.4m
Abhishek Somany	Managing Director	22.7yrs	₹61.17m	6.96% ₹ 1.8b
Ravinder Nath	Independent Non-Executive Director	20.7yrs	₹245.00k	no data
Vineet Agarwal	Independent Non-Executive Director	5yrs	₹260.00k	0.0050% ₹ 1.3m
Rameshwar Thakur	Independent Non-Executive Director	6yrs	₹330.00k	no data
Salil Singhal	Independent Non-Executive Director	21.8yrs	₹275.00k	no data
Ghanshyambhai Trivedi	Non-Executive Non Independent Director	6.7yrs	₹335.00k	0.0049% ₹ 1.3m
Rumjhum Chatterjee	Independent Non-Executive Director	5.7yrs	₹260.00k	no data
Siddharath Bindra	Independent Non-Executive Director	10yrs	₹275.00k	no data

10.0yrs

Average Tenure

75yo

Average Age

Experienced Board: 531548's board of directors are seasoned and experienced ( 10 years average tenure).

Somany Ceramics Management

Management criteria checks 2/4

Key information

Recent management updates

Somany Ceramics Limited, Annual General Meeting, Aug 25, 2023

Insufficient new directors

Somany Ceramics Limited Appoints Sailesh Raj Kedawat as Chief Financial Officer

Somany Ceramics Limited, Annual General Meeting, Sep 23, 2022

Somany Ceramics Limited, Annual General Meeting, Sep 23, 2022

Saikat Mukhopadhyay Resigns as Chief Financial Officer of Somany Ceramics Limited, with Effect from 31 May, 2022

Recent updates

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Somany Ceramics Limited to Report Q3, 2024 Results on Feb 01, 2024

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Somany Ceramics Limited to Report Q2, 2024 Results on Nov 08, 2023

Somany Ceramics Limited (BSE:531548) announces an Equity Buyback for 1,470,588 shares, representing 3.46% for INR 1,250 million.

Upcoming dividend of ₹3.00 per share at 0.4% yield

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Somany Ceramics Limited to Report Q1, 2024 Results on Aug 10, 2023

Price target increased by 7.9% to ₹783

Somany Ceramics Limited, Annual General Meeting, Aug 25, 2023

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 16%

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Somany Ceramics Limited (BSE:531548) entered into an agreement to acquire 80% stake in Somany Max Private Limited from its shareholders for INR 400 million.

Consensus EPS estimates fall by 36%

Somany Ceramics Limited to Report Q3, 2023 Results on Feb 07, 2023

Consensus EPS estimates fall by 17%

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased to ₹761

Insufficient new directors

Somany Ceramics Limited Appoints Sailesh Raj Kedawat as Chief Financial Officer

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Consensus forecasts updated

Somany Ceramics Limited to Report Q2, 2023 Results on Nov 10, 2022

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Somany Ceramics Limited, Annual General Meeting, Sep 23, 2022

Somany Ceramics Limited, Annual General Meeting, Sep 23, 2022

Somany Ceramics Limited to Report Q1, 2023 Results on Aug 10, 2022

Saikat Mukhopadhyay Resigns as Chief Financial Officer of Somany Ceramics Limited, with Effect from 31 May, 2022

Consensus forecasts updated

Price target decreased to ₹875

Somany Ceramics Limited to Report Q4, 2022 Results on May 18, 2022

Insufficient new directors

Investor sentiment deteriorated over the past week

Price target increased to ₹1,055

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Insufficient new directors

Second quarter 2022 earnings released: EPS ₹8.26 (vs ₹4.83 in 2Q 2021)

Second quarter 2022 earnings released: EPS ₹8.26 (vs ₹4.83 in 2Q 2021)

Price target increased to ₹871

Price target increased to ₹753

First quarter 2022 earnings released: EPS ₹1.05 (vs ₹5.19 loss in 1Q 2021)

Price target increased to ₹722

Consensus EPS estimates increase to ₹24.40

Investor sentiment improved over the past week

Whole Time Director Anjana Somany has left the company

Price target increased to ₹639

Full year 2021 earnings released: EPS ₹13.62 (vs ₹3.54 in FY 2020)

Price target increased to ₹511

Somany Ceramics Limited Announces Interim Dividend for the Financial Year 2020-21

New 90-day high: ₹422

Third quarter 2021 earnings released: EPS ₹6.66 (vs ₹2.46 in 3Q 2020)

Revenue and earnings miss expectations

Somany Ceramics Limited to Report Q3, 2021 Results on Feb 04, 2021

New 90-day high: ₹363

New 90-day high: ₹330

New 90-day high: ₹306

Price target raised to ₹217

New 90-day high: ₹235

Revenue and earnings beat expectations

Second quarter 2021 earnings released: EPS ₹4.83

New 90-day high: ₹208

New 90-day high: ₹181

Price target raised to ₹169

Somany Ceramics Limited to Report Q1, 2021 Results on Aug 11, 2020

Somany Ceramics Limited (BSE:531548) cancelled the acquisition of Bhilwara Holdings Ltd and Sarvottam Vanijya Ltd and Scope Vinimoy Pvt., Ltd.

CEO Compensation Analysis

CEO

Tenure