Stock Analysis

Why We Think The CEO Of eMudhra Limited (NSE:EMUDHRA) May Soon See A Pay Rise

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Key Insights

  • eMudhra to hold its Annual General Meeting on 25th of June
  • Salary of ₹6.33m is part of CEO Venu Madhava's total remuneration
  • Total compensation is 69% below industry average
  • eMudhra's total shareholder return over the past three years was 202% while its EPS grew by 21% over the past three years

The solid performance at eMudhra Limited (NSE:EMUDHRA) has been impressive and shareholders will probably be pleased to know that CEO Venu Madhava has delivered. At the upcoming AGM on 25th of June, 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.

See our latest analysis for eMudhra

Comparing eMudhra Limited's CEO Compensation With The Industry

According to our data, eMudhra Limited has a market capitalization of ₹60b, and paid its CEO total annual compensation worth ₹6.3m over the year to March 2025. That's a notable increase of 9.7% on last year. It is worth noting that the CEO compensation consists entirely of the salary, worth ₹6.3m.

For comparison, other companies in the Indian Professional Services industry with market capitalizations ranging between ₹35b and ₹138b had a median total CEO compensation of ₹20m. This suggests that Venu Madhava is paid below the industry median. What's more, Venu Madhava holds ₹24m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

Component20252024Proportion (2025)
Salary₹6.3m₹5.8m100%
Other---
Total Compensation₹6.3m ₹5.8m100%

Talking in terms of the industry, salary represents all of total compensation among the companies we analyzed, while other remuneration is, interestingly, completely ignored. Speaking on a company level, eMudhra prefers to tread along a traditional path, disbursing all compensation through a salary. 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:EMUDHRA CEO Compensation June 19th 2025

eMudhra Limited's Growth

eMudhra Limited's earnings per share (EPS) grew 21% per year over the last three years. In the last year, its revenue is up 39%.

This demonstrates that the company has been improving recently and is good news for the shareholders. Most shareholders would be pleased to see strong revenue growth combined with EPS growth. This combo suggests a fast growing business. 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 eMudhra Limited Been A Good Investment?

Most shareholders would probably be pleased with eMudhra Limited for providing a total return of 202% over three years. 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.

Portfolio Valuation calculation on simply wall st

In Summary...

eMudhra rewards its CEO solely through a salary, ignoring non-salary benefits completely. 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.

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

Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.

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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.