Why We Think Man Infraconstruction Limited's (NSE:MANINFRA) CEO Compensation Is Not Excessive At All

Key Insights

• Man Infraconstruction to hold its Annual General Meeting on 13th of August
• Salary of ₹23.1m is part of CEO Manan Shah's total remuneration
• The overall pay is comparable to the industry average
• Man Infraconstruction's total shareholder return over the past three years was 104% while its EPS grew by 6.3% over the past three years

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

CEO Manan Shah has done a decent job of delivering relatively good performance at Man Infraconstruction Limited (NSE:MANINFRA) recently. As shareholders go into the upcoming AGM on 13th of August, CEO compensation will probably not be their focus, but rather the steps management will take to continue the growth momentum. We present our case of why we think CEO compensation looks fair.

Check out our latest analysis for Man Infraconstruction

How Does Total Compensation For Manan Shah Compare With Other Companies In The Industry?

According to our data, Man Infraconstruction Limited has a market capitalization of ₹68b, and paid its CEO total annual compensation worth ₹63m over the year to March 2025. We note that's an increase of 9.8% above last year. While we always look at total compensation first, our analysis shows that the salary component is less, at ₹23m.

On examining similar-sized companies in the Indian Construction industry with market capitalizations between ₹35b and ₹140b, we discovered that the median CEO total compensation of that group was ₹51m. This suggests that Man Infraconstruction remunerates its CEO largely in line with the industry average. Furthermore, Manan Shah directly owns ₹6.4b worth of shares in the company, implying that they are deeply invested in the company's success.

Talking in terms of the industry, salary represented approximately 100% of total compensation out of all the companies we analyzed, while other remuneration made up 0.07401925% of the pie. Man Infraconstruction pays a modest slice of remuneration through salary, as compared to the broader industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.

Man Infraconstruction Limited's Growth

Man Infraconstruction Limited's earnings per share (EPS) grew 6.3% per year over the last three years. In the last year, its revenue is down 12%.

We generally like to see a little revenue growth, but it is good to see a modest EPS growth at least. In conclusion we can't form a strong opinion about business performance yet; but it's one worth watching. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.

Has Man Infraconstruction Limited Been A Good Investment?

Boasting a total shareholder return of 104% over three years, Man Infraconstruction Limited has done well by shareholders. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.

In Summary...

Seeing that the company has put up a decent performance, only a few shareholders, if any at all, might have questions about the CEO pay in the upcoming AGM. In saying that, any proposed increase to CEO compensation will still be assessed on how reasonable it is based on performance and industry benchmarks.

CEO compensation can have a massive impact on performance, but it's just one element. We did our research and spotted 1 warning sign for Man Infraconstruction that investors should look into moving forward.

Switching gears from Man Infraconstruction, 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.