Cochin Shipyard Management

Management criteria checks 3/4

Cochin Shipyard's CEO is Madhu Nair, appointed in Jan 2016, has a tenure of 8.25 years. total yearly compensation is ₹8.32M, comprised of 69% salary and 31% bonuses, including company stock and options. directly owns 0.001% of the company’s shares, worth ₹3.77M. The average tenure of the management team and the board of directors is 4.7 years and 2.4 years respectively.

Key information

Madhu Nair

Chief executive officer

₹8.3m

Total compensation

CEO salary percentage	69.0%
CEO tenure	8.3yrs
CEO ownership	0.001%
Management average tenure	4.7yrs
Board average tenure	2.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Madhu Nair's remuneration changed compared to Cochin Shipyard's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹6b
Sep 30 2023	n/a	n/a	₹4b
Jun 30 2023	n/a	n/a	₹4b
Mar 31 2023	₹8m	₹6m	₹3b
Dec 31 2022	n/a	n/a	₹5b
Sep 30 2022	n/a	n/a	₹6b
Jun 30 2022	n/a	n/a	₹6b
Mar 31 2022	₹8m	₹6m	₹6b
Dec 31 2021	n/a	n/a	₹5b
Sep 30 2021	n/a	n/a	₹6b
Jun 30 2021	n/a	n/a	₹6b
Mar 31 2021	₹7m	₹5m	₹6b
Dec 31 2020	n/a	n/a	₹5b
Sep 30 2020	n/a	n/a	₹5b
Jun 30 2020	n/a	n/a	₹6b
Mar 31 2020	₹8m	₹4m	₹6b
Dec 31 2019	n/a	n/a	₹6b
Sep 30 2019	n/a	n/a	₹6b
Jun 30 2019	n/a	n/a	₹5b
Mar 31 2019	₹7m	₹5m	₹5b
Dec 31 2018	n/a	n/a	₹5b
Sep 30 2018	n/a	n/a	₹5b
Jun 30 2018	n/a	n/a	₹4b
Mar 31 2018	₹4m	₹3m	₹4b

Compensation vs Market: Madhu's total compensation ($USD99.70K) is below average for companies of similar size in the Indian market ($USD539.04K).

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

CEO

Madhu Nair (57 yo)

8.3yrs

Tenure

₹8,317,000

Compensation

Mr. Madhu Sankunny Nair has been Chairman and Managing Director of Cochin Shipyard Limited since January 01, 2016 and served as its Director of Technical from November 30, 2017 to March 2018. Mr. Nair serv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Madhu Nair	Chairman & MD	8.3yrs	₹8.32m	0.0011% ₹ 3.8m
Valiyaparambil Jose	CFO, Director of Finance & Director	4.7yrs	₹6.03m	no data
Sreejith Narayanan	Executive Director & Director of Operations	1.8yrs	₹5.67m	no data
Bejoy Bhasker	Technical Director & Director	6yrs	₹6.57m	0.00039% ₹ 1.4m
N. Syamkamal	Company Secretary & Compliance Officer	4.2yrs	₹8.11m	no data
A. Subash	General Manager of Human Resource & Training	no data	no data	no data
A. Neelakandhan	Chief General Manager of Planning & Project Management	no data	no data	no data
Rajesh Gopalakrishnan	Chief General Manager of Ship Repair	8.3yrs	no data	no data
S. Harikrishnan	Chief General Manager of Ship Building	1.7yrs	no data	no data
Mary Abraham	Deputy General Manager of Internal Audit & CRO	no data	no data	no data
S. Venkatesan	Chief Vigilance Officer	no data	no data	no data

4.7yrs

Average Tenure

57yo

Average Age

Experienced Management: 540678's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Madhu Nair	Chairman & MD	8.3yrs	₹8.32m	0.0011% ₹ 3.8m
Valiyaparambil Jose	CFO, Director of Finance & Director	4.7yrs	₹6.03m	no data
Sreejith Narayanan	Executive Director & Director of Operations	1.8yrs	₹5.67m	no data
Bejoy Bhasker	Technical Director & Director	6yrs	₹6.57m	0.00039% ₹ 1.4m
Rajesh Sinha	Part-time Official (Nominee) Director	1.4yrs	no data	no data
Amrapali Salve	Non-Official Independent Director	2.4yrs	₹265.00k	no data
Nahar Maheshwari	Non-Official Independent Director	2.3yrs	₹225.00k	no data
Ashok Sharma	Non-Official Independent Director	2.4yrs	₹305.00k	no data
Prithiviraj Harichandan	Non-Official Independent Director	2.4yrs	₹225.00k	no data
Venkatesan M.	Non-Official Independent Director	2.4yrs	₹165.00k	no data
Abhijit Biswas	Non-Official Independent Director	2.3yrs	₹305.00k	no data
Biju Prabhakar	Part Time Official Nominee Director	1.3yrs	no data	no data

2.4yrs

Average Tenure

57yo

Average Age

Experienced Board: 540678's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

Cochin Shipyard Management

Management criteria checks 3/4

Key information

Recent management updates

Cochin Shipyard Limited, Annual General Meeting, Sep 28, 2023

Cochin Shipyard Limited Announces Change in Directorate

Cochin Shipyard Limited Announces Change in Directorate

High number of new directors

Cochin Shipyard Limited, Annual General Meeting, Sep 29, 2022

Cochin Shipyard Limited Appoints Sreejith K Narayanan as Director (Operations)

Recent updates

Investor sentiment improves as stock rises 15%

Investor sentiment improves as stock rises 23%

Investor sentiment improves as stock rises 20%

Price target increased by 12% to ₹683

Upcoming dividend of ₹3.50 per share at 0.7% yield

Dividend of ₹3.50 announced

Cochin Shipyard Limited Declares Second Interim Dividend, Payable on or before February 28, 2024

Cochin Shipyard Limited to Report Q3, 2024 Results on Jan 30, 2024

Investor sentiment improves as stock rises 19%

Price target increased by 27% to ₹1,182

Cochin Shipyard Limited Provides Revenue Guidance for the Fiscal Year 2024

Upcoming dividend of ₹8.00 per share at 1.6% yield

Cochin Shipyard Limited Declares Interim Dividend for the Financial Year 2023-24, Payable on or Before December 06, 2023

Second quarter 2024 earnings released: EPS: ₹13.80 (vs ₹8.57 in 2Q 2023)

Cochin Shipyard Limited to Report Q2, 2024 Results on Nov 07, 2023

Upcoming dividend of ₹3.00 per share at 1.6% yield

Investor sentiment improves as stock rises 33%

Cochin Shipyard Limited, Annual General Meeting, Sep 28, 2023

Investor sentiment improves as stock rises 31%

New minor risk - Share price stability

Price target increased by 8.7% to ₹625

First quarter 2024 earnings released: EPS: ₹7.50 (vs ₹3.21 in 1Q 2023)

Cochin Shipyard Limited to Report Q1, 2024 Results on Aug 11, 2023

Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 16%

Price target decreased by 26% to ₹459

Full year 2023 earnings released: EPS: ₹23.16 (vs ₹42.87 in FY 2022)

Cochin Shipyard Limited Proposes Final Dividend for the Financial Year 2021-22

Cochin Shipyard Limited to Report Q4, 2023 Results on May 19, 2023

Price target increased by 23% to ₹760

Investor sentiment improves as stock rises 16%

Price target decreased by 43% to ₹375

Upcoming dividend of ₹7.00 per share at 2.2% yield

Third quarter 2023 earnings released: EPS: ₹8.39 (vs ₹9.84 in 3Q 2022)

Cochin Shipyard Limited Declares Interim Dividend

Cochin Shipyard Limited to Report Q3, 2023 Results on Feb 10, 2023

Cochin Shipyard Limited Announces Change in Directorate

Investor sentiment deteriorated over the past week

Cochin Shipyard Limited Announces Change in Directorate

Second quarter 2023 earnings released: EPS: ₹8.57 (vs ₹9.98 in 2Q 2022)

High number of new directors

Second quarter 2023 earnings released: EPS: ₹8.57 (vs ₹9.98 in 2Q 2022)

Cochin Shipyard Limited Declares Interim Dividend for the Financial Year 2022-2023, Payable on or Before December 9, 2022

Cochin Shipyard Limited to Report Q2, 2023 Results on Nov 10, 2022

Investor sentiment improved over the past week

Cochin Shipyard Limited Approves Final Dividend for the Financial Year 2021-22

Cochin Shipyard Limited Approves to Declare Final Dividend for the Financial Year 2021-22

Investor sentiment improved over the past week

Upcoming dividend of ₹3.75 per share

Cochin Shipyard Limited, Annual General Meeting, Sep 29, 2022

First quarter 2023 earnings released: EPS: ₹3.21 (vs ₹2.18 in 1Q 2022)

Cochin Shipyard Limited Appoints Sreejith K Narayanan as Director (Operations)

Price target decreased to ₹393

Full year 2022 earnings released: EPS: ₹42.87 (vs ₹46.27 in FY 2021)

Cochin Shipyard Limited Recommends Final Dividend for the Financial Year 2021-22

High number of new and inexperienced directors

Upcoming dividend of ₹7.00 per share

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

Cochin Shipyard Limited Declares Interim Dividend for Financial Year 2021-22, Payable on or Before March 11, 2022

Cochin Shipyard Limited to Report Q3, 2022 Results on Feb 10, 2022

High number of new and inexperienced directors

High number of new and inexperienced directors

Upcoming dividend of ₹6.00 per share

Second quarter 2022 earnings released: EPS ₹9.98 (vs ₹8.15 in 2Q 2021)

Cochin Shipyard Limited Announces Extended Up of Suspension of Normal Operations

Director of Operations & Director has left the company

New 90-day high: ₹409

Cochin Shipyard Limited Joins Hands with Dredging Corporation of India and IHC Holland BV to Make World-Class Dredgers

Upcoming Dividend of ₹4.00 Per Share