This Is The Reason Why We Think Engineers India Limited's (NSE:ENGINERSIN) CEO Might Be Underpaid

Key Insights

• Engineers India's Annual General Meeting to take place on 24th of September
• CEO Vartika Shukla's total compensation includes salary of ₹6.04m
• The overall pay is 91% below the industry average
• Over the past three years, Engineers India's EPS grew by 41% and over the past three years, the total shareholder return was 239%

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Shareholders will be pleased by the impressive results for Engineers India Limited (NSE:ENGINERSIN) recently and CEO Vartika Shukla has played a key role. At the upcoming AGM on 24th of September, they will get a chance to hear the board review the company results, discuss future strategy and cast their vote on any resolutions such as executive remuneration. We think the CEO has done a pretty decent job and probably deserves a well-earned pay rise.

Check out our latest analysis for Engineers India

How Does Total Compensation For Vartika Shukla Compare With Other Companies In The Industry?

According to our data, Engineers India Limited has a market capitalization of ₹118b, and paid its CEO total annual compensation worth ₹7.7m over the year to March 2025. That's just a smallish increase of 3.7% on last year. Notably, the salary which is ₹6.04m, represents most of the total compensation being paid.

On comparing similar companies from the Indian Construction industry with market caps ranging from ₹88b to ₹281b, we found that the median CEO total compensation was ₹83m. That is to say, Vartika Shukla is paid under the industry median.

Component	2025	2024	Proportion (2025)
Salary	₹6.0m	₹5.7m	79%
Other	₹1.6m	₹1.7m	21%
Total Compensation	₹7.7m	₹7.4m	100%

Talking in terms of the industry, salary represents all of total compensation among the companies we analyzed, while other remuneration is, interestingly, completely ignored. Engineers India sets aside a smaller share of compensation for salary, in comparison to the overall industry. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.

A Look at Engineers India Limited's Growth Numbers

Engineers India Limited has seen its earnings per share (EPS) increase by 41% a year over the past three years. It achieved revenue growth of 8.0% over the last year.

Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's good to see a bit of revenue growth, as this suggests the business is able to grow sustainably. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.

Has Engineers India Limited Been A Good Investment?

We think that the total shareholder return of 239%, over three years, would leave most Engineers India Limited shareholders smiling. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

To Conclude...

Given the company's decent performance, the CEO remuneration policy might not be shareholders' central point of focus in the AGM. In fact, strategic decisions that could impact the future of the business might be a far more interesting topic for investors as it would help them set their longer-term expectations.

While it is important to pay attention to CEO remuneration, investors should also consider other elements of the business. We've identified 1 warning sign for Engineers India that investors should be aware of in a dynamic business environment.

Switching gears from Engineers India, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.