Greenlam Industries Management

Management criteria checks 2/4

Greenlam Industries' CEO is Saurabh Mittal, appointed in Nov 2014, has a tenure of 9.42 years. total yearly compensation is ₹81.95M, comprised of 29.8% salary and 70.2% bonuses, including company stock and options. directly owns 9.13% of the company’s shares, worth ₹7.05B. The average tenure of the management team and the board of directors is 9.4 years and 4.3 years respectively.

Key information

Saurabh Mittal

Chief executive officer

₹81.9m

Total compensation

CEO salary percentage	29.8%
CEO tenure	9.4yrs
CEO ownership	9.1%
Management average tenure	9.4yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Saurabh Mittal's remuneration changed compared to Greenlam 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	₹82m	₹24m	₹1b
Dec 31 2022	n/a	n/a	₹1b
Sep 30 2022	n/a	n/a	₹1b
Jun 30 2022	n/a	n/a	₹980m
Mar 31 2022	₹60m	₹24m	₹907m
Dec 31 2021	n/a	n/a	₹961m
Sep 30 2021	n/a	n/a	₹1b
Jun 30 2021	n/a	n/a	₹989m
Mar 31 2021	₹41m	₹18m	₹738m
Dec 31 2020	n/a	n/a	₹645m
Sep 30 2020	n/a	n/a	₹616m
Jun 30 2020	n/a	n/a	₹706m
Mar 31 2020	₹52m	₹24m	₹867m
Dec 31 2019	n/a	n/a	₹887m
Sep 30 2019	n/a	n/a	₹794m
Jun 30 2019	n/a	n/a	₹702m
Mar 31 2019	₹50m	₹24m	₹771m
Dec 31 2018	n/a	n/a	₹712m
Sep 30 2018	n/a	n/a	₹688m
Jun 30 2018	n/a	n/a	₹665m
Mar 31 2018	₹50m	₹24m	₹646m

Compensation vs Market: Saurabh's total compensation ($USD982.39K) is above average for companies of similar size in the Indian market ($USD385.05K).

Compensation vs Earnings: Saurabh's compensation has increased by more than 20% in the past year.

CEO

Saurabh Mittal (48 yo)

9.4yrs

Tenure

₹81,948,000

Compensation

Mr. Saurabh Mittal, B.Com has been Chief Executive Officer and Managing Director of Greenlam Industries Limited since November 2014. Mr. Mittal served as Chief Executive Officer and Joint Managing Director...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Saurabh Mittal	MD, CEO & Director	9.4yrs	₹81.95m	9.13% ₹ 7.1b
Ashok Sharma	CFO & Chief Investor Relations Officer	9.4yrs	₹14.15m	no data
Prashant Srivastava	Vice President of HR	no data	₹8.19m	no data
Prakash Biswal	Company Secretary	9.4yrs	₹6.25m	no data
Parul Mittal	Whole-Time Director	no data	₹44.34m	1.88% ₹ 1.5b
Pankaj Rishi	Chief Operating Officer of Middle East & North Africa	no data	₹25.37m	no data
Lokesh Dutt	Senior Vice President of Exports	no data	₹8.05m	no data
M. P. Prasad	Country Sales Head of Decorative Wood & Allied Vertical	1.7yrs	₹7.73m	no data
Alex Joseph	Senior Vice President of Marketing	no data	₹7.18m	no data
Banwari Sharma	Head of Manufacturing & President of Plant Operations	no data	₹6.02m	no data
Anuj Sangal	Country Sales Head of Greenlam Laminate & Allied Vertical	no data	no data	no data
Sumeet Gupta	Country Sales Head of NewMika Laminate & Allied Vertical	1.7yrs	no data	no data

9.4yrs

Average Tenure

53.5yo

Average Age

Experienced Management: 538979's management team is seasoned and experienced (9.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Saurabh Mittal	MD, CEO & Director	10.7yrs	₹81.95m	9.13% ₹ 7.1b
Parul Mittal	Whole-Time Director	9.4yrs	₹44.34m	1.88% ₹ 1.5b
Sandip Das	Independent Non-Executive Director	4.8yrs	₹2.87m	0.012% ₹ 9.1m
Jalaj Dani	Additional Non-Executive Non Independent Director	less than a year	no data	no data
Shiv Mittal	Non-Executive Chairman	10.7yrs	₹2.42m	1.98% ₹ 1.5b
Matangi Gowrishankar	Independent Woman Director	3.7yrs	₹2.64m	no data
Rahul Chhabra	Independent Director	less than a year	no data	no data
Yogesh Kapur	Independent Director	2.7yrs	₹2.71m	no data

4.3yrs

Average Tenure

65yo

Average Age

Experienced Board: 538979's board of directors are considered experienced (4.3 years average tenure).

Greenlam Industries Management

Management criteria checks 2/4

Key information

Recent management updates

Greenlam Industries Limited Appoints Jalaj Ashwin Dani as Additional Director in the Category of Non- Executive Non-Independent Director

Greenlam Industries Limited, Annual General Meeting, Aug 04, 2023

Greenlam Industries Limited Appoints Rahul Chhabra as an Independent Director of the Company

Greenlam Industries Limited, Annual General Meeting, Aug 10, 2022

Insider recently bought ₹1.8m worth of stock

CFO & Chief Investor Relations Officer recently bought ₹4.7m worth of stock

Recent updates

Investor sentiment improves as stock rises 15%

Investor sentiment deteriorates as stock falls 15%

Now 27% undervalued after recent price drop

Now 24% overvalued

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Greenlam Industries Limited to Report Q3, 2024 Results on Feb 02, 2024

Price target increased by 8.2% to ₹604

Price target increased by 7.3% to ₹543

Price target increased by 7.3% to ₹543

New major risk - Financial position

Second quarter 2024 earnings released: EPS: ₹3.27 (vs ₹2.33 in 2Q 2023)

Investor sentiment improves as stock rises 18%

Greenlam Industries Limited to Report Q2, 2024 Results on Oct 28, 2023

Greenlam Industries Limited Approves Final Dividend for the Financial Year Ended March 31, 2023

Price target increased by 8.2% to ₹495

Price target decreased by 9.3% to ₹415

Greenlam Industries Limited to Report Q1, 2024 Results on Jul 27, 2023

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Greenlam Industries Limited Appoints Jalaj Ashwin Dani as Additional Director in the Category of Non- Executive Non-Independent Director

Upcoming dividend of ₹1.50 per share at 0.3% yield

New minor risk - Share price stability

Investor sentiment improves as stock rises 17%

Price target increased by 8.8% to ₹394

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

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Greenlam Industries Limited, Annual General Meeting, Aug 04, 2023

Greenlam Industries Limited Appoints Rahul Chhabra as an Independent Director of the Company

Greenlam Industries Limited to Report Q4, 2023 Results on May 27, 2023

Third quarter 2023 earnings released: EPS: ₹2.28 (vs ₹2.23 in 3Q 2022)

Greenlam Industries Limited to Report Nine Months, 2023 Results on Feb 02, 2023

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Greenlam Industries Limited to Report Q2, 2023 Results on Nov 12, 2022

Greenlam Industries Limited Approves Declaration of Final Dividend for the Financial Year Ended March 31, 2022

Greenlam Industries Limited announced that it expects to receive INR 1.95000012 billion in funding from Smiti Holdings and Trading Company Private Limited

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Greenlam Industries Limited to Report Q1, 2023 Results on Jul 26, 2022

Upcoming dividend of ₹1.20 per share

Greenlam Industries Limited (BSE:538979) entered into an Asset Purchase Agreement to acquire Laminate manufacturing facilities of Bloom Dekor Limited for INR 360 million.

Greenlam Industries Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Greenlam Industries Limited, Annual General Meeting, Aug 10, 2022

Greenlam Industries Limited to Report Fiscal Year 2022 Results on May 30, 2022

Price target decreased to ₹359

Greenlam Industries Limited Resumes of Manufacturing Activities at Behror Plant

Greenlam Industries Limited to Report Q3, 2022 Results on Feb 08, 2022

Greenlam Industries Limited Temporarily Closes Down Manufacturing Activities At Its Plant Located in Behror, Rajasthan

Second quarter 2022 earnings released: EPS ₹8.61 (vs ₹7.68 in 2Q 2021)

Insider recently bought ₹1.8m worth of stock

Greenlam Industries Limited (BSE:538979) offered to acquire 25.1% stake in HG Industries Limited (BSE:513723) for INR 47.7 million.

Price target increased to ₹1,372

Upcoming dividend of ₹5.00 per share

Full year 2021 earnings released: EPS ₹30.56 (vs ₹35.91 in FY 2020)

CFO & Chief Investor Relations Officer recently bought ₹4.7m worth of stock

Consensus EPS estimates increase to ₹51.60

Full year 2021 earnings released: EPS ₹30.56 (vs ₹35.91 in FY 2020)

Greenlam Industries Limited Recommends Final Dividend for the Financial Year Ended March 31, 2021

Investor sentiment improved over the past week

New 90-day high: ₹940

Analysts update estimates

New 90-day high: ₹922

Price target raised to ₹1,031

Third quarter 2021 earnings released: EPS ₹13.24 (vs ₹12.05 in 3Q 2020)

Revenue beats expectations, earnings disappoint

Greenlam Industries Limited to Report Q3, 2021 Results on Feb 02, 2021

New 90-day high: ₹902

New 90-day high: ₹873

New 90-day high: ₹771

MD, CEO & Director recently sold ₹46m worth of stock