Refex Industries Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

T. Jain

Chief executive officer

₹8.4m

Total compensation

CEO salary percentage	100.0%
CEO tenure	17.8yrs
CEO ownership	n/a
Management average tenure	6.3yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has T. Jain's remuneration changed compared to Refex Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹1b
Sep 30 2023	n/a	n/a	₹1b
Jun 30 2023	n/a	n/a	₹1b
Mar 31 2023	₹8m	₹8m	₹1b
Dec 31 2022	n/a	n/a	₹894m
Sep 30 2022	n/a	n/a	₹701m
Jun 30 2022	n/a	n/a	₹521m
Mar 31 2022	₹8m	₹8m	₹454m
Dec 31 2021	n/a	n/a	₹290m
Sep 30 2021	n/a	n/a	₹342m
Jun 30 2021	n/a	n/a	₹427m
Mar 31 2021	₹8m	₹8m	₹409m
Dec 31 2020	n/a	n/a	₹287m
Sep 30 2020	n/a	n/a	₹348m
Jun 30 2020	n/a	n/a	₹297m
Mar 31 2020	₹4m	₹4m	₹331m
Dec 31 2019	n/a	n/a	₹553m
Sep 30 2019	n/a	n/a	₹468m
Jun 30 2019	n/a	n/a	₹381m
Mar 31 2019	₹2m	₹2m	₹316m
Mar 31 2018	₹1m	₹1m	₹9m

Compensation vs Market: T.'s total compensation ($USD100.67K) is below average for companies of similar size in the Indian market ($USD185.46K).

Compensation vs Earnings: T.'s compensation has been consistent with company performance over the past year.

CEO

T. Jain (47 yo)

17.8yrs

Tenure

₹8,400,000

Compensation

Mr. T. Anil Jain has been the Managing Director of Refex Industries Limited (Former Name: Refex Refrigerants Limited) since July 01, 2006. Mr. Jain has extensive experience in Air-conditioner Products and...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
T. Jain	Executive Chairman & MD	17.8yrs	₹8.40m	no data
Uthayakumar Lalitha	Chief Financial Officer	9.3yrs	₹3.25m	no data
G. Divya	Company Secretary & Compliance Officer	1.7yrs	₹786.02k	no data
Anyuta Dhir	Head of Human Resource & Administration	3.4yrs	no data	no data

6.3yrs

Average Tenure

Experienced Management: 532884's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
T. Jain	Executive Chairman & MD	21.7yrs	₹8.40m	no data
T. Dugar	Additional Non-Executive Independent Director	3.4yrs	₹180.00k	no data
Dinesh Agarwal	Non-Executive Director	7.8yrs	no data	no data
Susmitha Siripurapu	Additional Non-Executive Director	1.3yrs	₹30.00k	no data
Sivaramakrishnan Vasudevan	Additional Independent Non-Executive Director	1.2yrs	₹10.00k	no data
Latha Venkatesh	Independent Director	less than a year	no data	no data

2.3yrs

Average Tenure

47yo

Average Age

Experienced Board: 532884's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Refex Industries Management

Management criteria checks 3/4

Key information

Recent management updates

Less than half of directors are independent

Refex Industries Limited Announces Resignation of Krishnan Ramanathan as Non-Executive & Independent Director and Cessation as Member of Respective Committees

Refex Industries Limited Announces Executive Changes

Refex Industries Limited Announces Resignation of Directors

Refex Industries Limited Appoints G. Divya as Company Secretary and Compliance Officer

Refex Industries Limited Announces Resignation of S Gopalakrishnan as Company Secretary and Compliance Officer

Recent updates

Investor sentiment improves as stock rises 21%

Refex Industries Limited announced that it has received INR 1.01796875 billion in funding from Sherisha Technologies Private Limited

New minor risk - Shareholder dilution

Refex Industries Limited announced that it expects to receive INR 1.01796875 billion in funding from Sherisha Technologies Private Limited

Upcoming dividend of ₹0.50 per share at 0.2% yield

New minor risk - Financial position

Third quarter 2024 earnings released: EPS: ₹7.64 (vs ₹11.87 in 3Q 2023)

Refex Industries Limited Declares Interim Dividend for the Financial Year Ended March 31, 2024

Less than half of directors are independent

Investor sentiment improves as stock rises 16%

Refex Industries Limited Announces Resignation of Krishnan Ramanathan as Non-Executive & Independent Director and Cessation as Member of Respective Committees

Investor sentiment deteriorates as stock falls 16%

Second quarter 2024 earnings released: EPS: ₹9.70 (vs ₹12.12 in 2Q 2023)

Refex Industries Limited Approves Dividend to the Shareholders for the Financial Year Ended March 31, 2023

Upcoming dividend of ₹2.00 per share at 0.3% yield

Refex Industries Limited to Report Fiscal Year 2024 Results on May 30, 2024

Investor sentiment improves as stock rises 16%

New major risk - Financial position

First quarter 2024 earnings released: EPS: ₹9.62 (vs ₹6.56 in 1Q 2023)

Refex Industries Limited to Report Q1, 2024 Results on Aug 03, 2023

Investor sentiment improves as stock rises 17%

Investor sentiment improves as stock rises 20%

Full year 2023 earnings released: EPS: ₹53.89 (vs ₹21.61 in FY 2022)

Refex Industries Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 16%

Third quarter 2023 earnings released: EPS: ₹11.87 (vs ₹3.26 in 3Q 2022)

Refex Industries Limited Announces Executive Changes

Investor sentiment improves as stock rises 16%

Refex Industries Limited Announces Resignation of Directors

Refex Industries Limited to Report Q3, 2023 Results on Feb 02, 2023

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2023 earnings released: EPS: ₹12.12 (vs ₹3.57 in 2Q 2022)

Investor sentiment improved over the past week

Refex Industries Limited Appoints G. Divya as Company Secretary and Compliance Officer

Refex Industries Limited Announces Resignation of S Gopalakrishnan as Company Secretary and Compliance Officer

Investor sentiment improved over the past week

First quarter 2023 earnings released: EPS: ₹6.56 (vs ₹3.36 in 1Q 2022)

Refex Industries Limited to Report Q1, 2023 Results on Aug 05, 2022

Executive Chairman & MD recently bought ₹3.3m worth of stock

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

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS ₹3.57 (vs ₹7.62 in 2Q 2021)

Upcoming dividend of ₹0.50 per share

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS ₹3.36 (vs ₹3.42 in 1Q 2021)

Full year 2021 earnings released: EPS ₹21.73 (vs ₹21.37 in FY 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

New 90-day low: ₹86.15

Investor sentiment deteriorated over the past week

Refex Industries Limited to Report Q3, 2021 Results on Feb 12, 2021

Upcoming Dividend of ₹1.00 Per Share

Refex Industries Limited Announces Board Appointments

Refex Industries Limited, Annual General Meeting, Dec 29, 2020

Market bids up stock over the past week

Market bids up stock over the past week

New 90-day high: ₹56.20

Refex Industries Limited to Report Q2, 2021 Results on Nov 12, 2020

New 90-day high: ₹53.45

Market bids up stock over the past week

New 90-day low: ₹43.70

First quarter earnings released

First quarter earnings released

Refex Industries Limited to Report Q1, 2021 Results on Sep 14, 2020

New 90-day low - ₹44.90

CEO Compensation Analysis