Stock Analysis

We Take A Look At Why KEC International Limited's (NSE:KEC) CEO Has Earned Their Pay Packet

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Key Insights

  • KEC International to hold its Annual General Meeting on 8th of August
  • Salary of ₹77.8m is part of CEO Vimal Kejriwal's total remuneration
  • The overall pay is comparable to the industry average
  • KEC International's EPS grew by 23% over the past three years while total shareholder return over the past three years was 97%

The performance at KEC International Limited (NSE:KEC) has been quite strong recently and CEO Vimal Kejriwal has played a role in it. The pleasing results would be something shareholders would keep in mind at the upcoming AGM on 8th of August. The focus will probably be on the future company strategy as shareholders cast their votes on resolutions such as executive remuneration and other matters. Here is our take on why we think CEO compensation is not extravagant.

View our latest analysis for KEC International

How Does Total Compensation For Vimal Kejriwal Compare With Other Companies In The Industry?

According to our data, KEC International Limited has a market capitalization of ₹219b, and paid its CEO total annual compensation worth ₹102m over the year to March 2025. That's a notable increase of 8.9% on last year. Notably, the salary which is ₹77.8m, represents most of the total compensation being paid.

In comparison with other companies in the Indian Construction industry with market capitalizations ranging from ₹175b to ₹560b, the reported median CEO total compensation was ₹102m. From this we gather that Vimal Kejriwal is paid around the median for CEOs in the industry.

Component20252024Proportion (2025)
Salary₹78m₹72m76%
Other₹25m₹22m24%
Total Compensation₹102m ₹94m100%

On an industry level, it's fascinating to see that all of total compensation represents salary and non-salary benefits do not factor into the equation at all. In KEC International's case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.

ceo-compensation
NSEI:KEC CEO Compensation August 2nd 2025

KEC International Limited's Growth

Over the past three years, KEC International Limited has seen its earnings per share (EPS) grow by 23% per year. It achieved revenue growth of 11% over the last year.

Shareholders would be glad to know that the company has improved itself over the last few years. It's also good to see decent revenue growth in the last year, suggesting the business is healthy and growing. 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 KEC International Limited Been A Good Investment?

Most shareholders would probably be pleased with KEC International Limited for providing a total return of 97% over three years. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.

To Conclude...

Given the company's decent performance, the CEO remuneration policy might not be shareholders' central point of focus in the AGM. However, investors will get the chance to engage on key strategic initiatives and future growth opportunities for the company and set their longer-term expectations.

We can learn a lot about a company by studying its CEO compensation trends, along with looking at other aspects of the business. In our study, we found 2 warning signs for KEC International you should be aware of, and 1 of them shouldn't be ignored.

Switching gears from KEC International, 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.

Valuation is complex, but we're here to simplify it.

Discover if KEC International might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.