We Think Shareholders Will Probably Be Generous With Tega Industries Limited's (NSE:TEGA) CEO Compensation

Key Insights

• Tega Industries to hold its Annual General Meeting on 19th of September
• Salary of ₹43.0m is part of CEO Mehul Mohanka's total remuneration
• The total compensation is similar to the average for the industry
• Tega Industries' total shareholder return over the past three years was 262% while its EPS grew by 13% over the past three years

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We have been pretty impressed with the performance at Tega Industries Limited (NSE:TEGA) recently and CEO Mehul Mohanka deserves a mention for their role in it. Shareholders will have this at the front of their minds in the upcoming AGM on 19th of September. It is likely that the focus will be on company strategy going forward as shareholders hear from the board and cast their votes on resolutions such as executive remuneration and other matters. In light of the great performance, we discuss the case why we think CEO compensation is not excessive.

Check out our latest analysis for Tega Industries

Comparing Tega Industries Limited's CEO Compensation With The Industry

At the time of writing, our data shows that Tega Industries Limited has a market capitalization of ₹134b, and reported total annual CEO compensation of ₹53m for the year to March 2025. Notably, that's a decrease of 8.2% over the year before. Notably, the salary which is ₹43.0m, represents most of the total compensation being paid.

In comparison with other companies in the Indian Machinery industry with market capitalizations ranging from ₹88b to ₹282b, the reported median CEO total compensation was ₹43m. This suggests that Tega Industries remunerates its CEO largely in line with the industry average. Moreover, Mehul Mohanka also holds ₹27m worth of Tega Industries stock directly under their own name, which reveals to us that they have a significant personal stake in the company.

Component	2025	2024	Proportion (2025)
Salary	₹43m	₹45m	81%
Other	₹10m	₹13m	19%
Total Compensation	₹53m	₹58m	100%

Speaking on an industry level, nearly 97% of total compensation represents salary, while the remainder of 3% is other remuneration. In Tega Industries' case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.

Tega Industries Limited's Growth

Tega Industries Limited's earnings per share (EPS) grew 13% per year over the last three years. It achieved revenue growth of 5.8% 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. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..

Has Tega Industries Limited Been A Good Investment?

We think that the total shareholder return of 262%, over three years, would leave most Tega Industries Limited shareholders smiling. This strong performance might mean some shareholders don't mind if the CEO were to be paid more than is normal for a company of its size.

To Conclude...

The company's solid performance might have made most shareholders happy, possibly making CEO remuneration the least of the matters to be discussed 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.

So you may want to check if insiders are buying Tega Industries shares with their own money (free access).

Switching gears from Tega Industries, 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.