Tarmat Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Dilip Varghese

Chief executive officer

₹3.0m

Total compensation

CEO salary percentage	100.0%
CEO tenure	1.3yrs
CEO ownership	5.6%
Management average tenure	no data
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dilip Varghese's remuneration changed compared to Tarmat's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-₹14m
Mar 31 2024	₹3m	₹3m	-₹11m
Dec 31 2023	n/a	n/a	₹15m
Sep 30 2023	n/a	n/a	₹60m
Jun 30 2023	n/a	n/a	₹66m
Mar 31 2023	n/a	n/a	₹74m
Dec 31 2022	n/a	n/a	₹85m
Sep 30 2022	n/a	n/a	₹48m
Jun 30 2022	n/a	n/a	₹48m
Mar 31 2022	n/a	n/a	₹46m
Dec 31 2021	n/a	n/a	₹53m
Sep 30 2021	n/a	n/a	₹57m
Jun 30 2021	n/a	n/a	₹56m
Mar 31 2021	n/a	n/a	₹51m
Dec 31 2020	n/a	n/a	₹84m
Sep 30 2020	n/a	n/a	₹81m
Jun 30 2020	n/a	n/a	₹77m
Mar 31 2020	₹300k	₹60k	₹69m
Dec 31 2019	n/a	n/a	₹20m
Sep 30 2019	n/a	n/a	₹10m
Jun 30 2019	n/a	n/a	₹6m
Mar 31 2019	₹720k	₹720k	₹6m
Mar 31 2018	₹720k	₹720k	₹12m

Compensation vs Market: Dilip's total compensation ($USD35.53K) is about average for companies of similar size in the Indian market ($USD42.63K).

Compensation vs Earnings: Dilip's compensation has increased whilst the company is unprofitable.

CEO

Dilip Varghese (40 yo)

1.3yrs

Tenure

₹3,000,000

Compensation

Mr. Dilip Jerry Varghese serves as Director at Tarmat Limited since September 30, 2023. He served as Chief Executive Officer of Tarmat Limited since June 13, 2019 until November 21, 2019. Mr. Varghese serv...

Board Members

Name	Position	Tenure	Compensation	Ownership
Dilip Varghese	MD & Director	18.4yrs	₹3.00m	5.61% ₹ 88.6m
Amit Shah	Executive Director	5.5yrs	₹3.00m	3% ₹ 47.4m
Jerry Varghese	Non-Executive Chairman	38.8yrs	no data	15.26% ₹ 241.1m
Ramesh Gupta	Non-Executive Independent Director	no data	no data	no data
Regina Sinha	Non-Executive Independent Director	5.5yrs	no data	no data
Krishan Kumar Kinra	Independent Non-Executive Director	5.1yrs	no data	no data
Kishanrao Godbole	Additional Non-Executive Independent Director	less than a year	no data	no data

5.5yrs

Average Tenure

60yo

Average Age

Experienced Board: 532869's board of directors are considered experienced (5.5 years average tenure).

Tarmat Management

Management criteria checks 2/4

Key information

Recent management updates

Tarmat Limited Approves Appointment of Kishanrao Marutirao Godbole as Director in the Category of Non Executive Independent Director

Tarmat Limited Approves Appointment of Kishanrao Marutirao Godbole as Director in the Category of Non Executive Independent Director

Tarmat Limited, Annual General Meeting, Sep 30, 2024

Tarmat Limited, Annual General Meeting, Sep 30, 2023

Insufficient new directors

Tarmat Limited Announces Board Changes

Recent updates

Tarmat Limited to Report Q2, 2025 Results on Nov 14, 2024

Tarmat Limited Approves Appointment of Kishanrao Marutirao Godbole as Director in the Category of Non Executive Independent Director

Tarmat Limited Approves Appointment of Kishanrao Marutirao Godbole as Director in the Category of Non Executive Independent Director

New minor risk - Share price stability

Tarmat Limited, Annual General Meeting, Sep 30, 2024

First quarter 2025 earnings released: EPS: ₹0.27 (vs ₹0.37 in 1Q 2024)

Tarmat Limited to Report Q1, 2025 Results on Aug 14, 2024

Full year 2024 earnings released: ₹0.51 loss per share (vs ₹3.57 profit in FY 2023)

Tarmat Limited to Report Q4, 2024 Results on May 30, 2024

Tarmat Limited announced that it has received INR 222.187425 million in funding from a group of investors

Tarmat Limited announced that it expects to receive INR 249.687384 million in funding from a group of investors

Third quarter 2024 earnings released: EPS: ₹0.05 (vs ₹2.18 in 3Q 2023)

Tarmat Limited to Report Q3, 2024 Results on Feb 14, 2024

Investor sentiment improves as stock rises 15%

Second quarter 2024 earnings released: EPS: ₹0.13 (vs ₹0.40 in 2Q 2023)

Investor sentiment deteriorates as stock falls 16%

New minor risk - Share price stability

Investor sentiment improves as stock rises 15%

Investor sentiment improves as stock rises 18%

First quarter 2024 earnings released: EPS: ₹0.37 (vs ₹0.59 in 1Q 2023)

Tarmat Limited, Annual General Meeting, Sep 30, 2023

Insufficient new directors

Tarmat Limited Announces Board Changes

Tarmat Limited to Report Q1, 2024 Results on Aug 14, 2023

Full year 2023 earnings released: EPS: ₹3.57 (vs ₹2.90 in FY 2022)

Tarmat Limited to Report Q4, 2023 Results on May 30, 2023

Now 20% undervalued

Investor sentiment improves as stock rises 18%

Third quarter 2023 earnings released: EPS: ₹2.18 (vs ₹0.65 in 3Q 2022)

Investor sentiment improves as stock rises 17%

Tarmat Limited to Report Q3, 2023 Results on Feb 14, 2023

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Second quarter 2023 earnings released: EPS: ₹0.40 (vs ₹0.69 in 2Q 2022)

Tarmat Limited to Report Q2, 2023 Results on Nov 14, 2022

Full year 2022 earnings released: EPS: ₹2.90 (vs ₹3.86 in FY 2021)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Full year 2022 earnings released: EPS: ₹2.90 (vs ₹3.86 in FY 2021)

Tarmat Limited to Report Q4, 2022 Results on May 30, 2022

High number of new and inexperienced directors

Investor sentiment deteriorated over the past week

Now 28% undervalued after recent price drop

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

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS ₹0.69 (vs ₹0.66 in 2Q 2021)

Investor sentiment improved over the past week

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹3.86 (vs ₹5.15 in FY 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS ₹0.97 (vs ₹0.78 in 3Q 2020)

Tarmat Limited to Report Q3, 2021 Results on Feb 12, 2021

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: ₹48.00

Market bids up stock over the past week

Insider recently sold ₹6.7m worth of stock

Insider recently sold ₹33m worth of stock

Insider recently sold ₹395k worth of stock

First quarter earnings released

Tarmat Limited to Report Q1, 2021 Results on Sep 12, 2020

Tarmat Limited to Report Q4, 2020 Results on Jul 27, 2020

CEO Compensation Analysis