Vardhman Textiles Management

Management criteria checks 3/4

Vardhman Textiles' CEO is Shri Oswal, appointed in Jun 2005, has a tenure of 18.92 years. total yearly compensation is ₹206.11M, comprised of 4.1% salary and 95.9% bonuses, including company stock and options. directly owns 1.05% of the company’s shares, worth ₹1.29B. The average tenure of the management team and the board of directors is 7.5 years and 6.5 years respectively.

Key information

Shri Oswal

Chief executive officer

₹206.1m

Total compensation

CEO salary percentage	4.1%
CEO tenure	18.9yrs
CEO ownership	1.0%
Management average tenure	7.5yrs
Board average tenure	6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Shri Oswal's remuneration changed compared to Vardhman Textiles's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹6b
Sep 30 2023	n/a	n/a	₹5b
Jun 30 2023	n/a	n/a	₹6b
Mar 31 2023	₹206m	₹9m	₹8b
Dec 31 2022	n/a	n/a	₹10b
Sep 30 2022	n/a	n/a	₹13b
Jun 30 2022	n/a	n/a	₹16b
Mar 31 2022	₹434m	₹6m	₹15b
Dec 31 2021	n/a	n/a	₹15b
Sep 30 2021	n/a	n/a	₹12b
Jun 30 2021	n/a	n/a	₹8b
Mar 31 2021	₹92m	₹6m	₹4b
Dec 31 2020	n/a	n/a	₹3b
Sep 30 2020	n/a	n/a	₹3b
Jun 30 2020	n/a	n/a	₹4b
Mar 31 2020	₹65m	₹6m	₹6b
Dec 31 2019	n/a	n/a	₹6b
Sep 30 2019	n/a	n/a	₹6b
Jun 30 2019	n/a	n/a	₹7b
Mar 31 2019	₹188m	₹5m	₹7b
Dec 31 2018	n/a	n/a	₹7b
Sep 30 2018	n/a	n/a	₹7b
Jun 30 2018	n/a	n/a	₹6b
Mar 31 2018	₹152m	₹7m	₹6b

Compensation vs Market: Shri's total compensation ($USD2.47M) is above average for companies of similar size in the Indian market ($USD440.83K).

Compensation vs Earnings: Shri's compensation has been consistent with company performance over the past year.

CEO

Shri Oswal (81 yo)

18.9yrs

Tenure

₹206,109,088

Compensation

Mr. Shri Paul Oswal, M.Com. has been the Executive Chairman of Vardhman Textiles Limited since June 1, 2005 and its Managing Director since June 17, 2005. Mr. Oswal has been the Managing Director of Vardhm...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Shri Oswal	Executive Chairman & MD	18.9yrs	₹206.11m	1.05% ₹ 1.3b
Suchita Jain	Vice Chairperson & Joint MD	14.1yrs	₹32.15m	0.42% ₹ 520.8m
Neeraj Jain	Joint MD	9.8yrs	₹27.59m	0.0035% ₹ 4.3m
Tara Gupta	Chief General Manager of Operations	no data	₹10.98m	no data
Mukesh Saxena	Chief General Manager	no data	₹10.91m	no data
Praveen Dhingra	Chief General Manager	no data	₹10.79m	no data
Sagrika Jain	Executive Director	1.8yrs	₹8.65m	0.012% ₹ 14.9m
Dinesh Sindwani	Director of Corporate Services	no data	₹10.68m	no data
I. M. J. Sidhu	President & Director In-charge	no data	₹14.49m	no data
Rajeev Thapar	Chief Financial Officer	no data	₹14.23m	no data
Bal Choudhary	Director of Operations	no data	₹18.28m	no data
Sanjay Gupta	Compliance Officer & Company Secretary	6.9yrs	₹2.22m	no data

7.5yrs

Average Tenure

61yo

Average Age

Experienced Management: 502986's management team is seasoned and experienced (7.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Shri Oswal	Executive Chairman & MD	50.6yrs	₹206.11m	1.05% ₹ 1.3b
Suchita Jain	Vice Chairperson & Joint MD	14.1yrs	₹32.15m	0.42% ₹ 520.8m
Neeraj Jain	Joint MD	14.2yrs	₹27.59m	0.0035% ₹ 4.3m
Sagrika Jain	Executive Director	1.8yrs	₹8.65m	0.012% ₹ 14.9m
Sachit Jain	Non-Executive Non Independent Director	29.9yrs	no data	no data
Prafull Shah	Non-Executive Independent Director	43.8yrs	₹740.00k	no data
Udey Paul Gill	Additional Independent Director	2.3yrs	₹330.00k	no data
Atul Khosla	Independent Director	less than a year	no data	no data
Parampal Singh	Independent Director	6.5yrs	₹330.00k	no data
Harpreet Kang	Independent Director	5.3yrs	₹430.00k	no data
Suresh Kumar	Additional Independent Director	1.7yrs	₹200.00k	no data

6.5yrs

Average Tenure

56yo

Average Age

Experienced Board: 502986's board of directors are considered experienced (6.5 years average tenure).

Vardhman Textiles Management

Management criteria checks 3/4

Key information

Recent management updates

Vardhman Textiles Limited, Annual General Meeting, Sep 30, 2023

Vardhman Textiles Limited Approves Appointment of Suresh Kumar as an Independent Director

Vardhman Textiles Limited, Annual General Meeting, Sep 30, 2022

Insufficient new directors

Insufficient new directors

Insufficient new directors

Recent updates

Vardhman Textiles Limited Recommends Dividend

Vardhman Textiles Limited to Report Fiscal Year 2024 Results on May 04, 2024

Price target increased by 7.3% to ₹414

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Vardhman Textiles Limited to Report Q3, 2024 Results on Jan 20, 2024

Consensus EPS estimates fall by 19%

Second quarter 2024 earnings: EPS misses analyst expectations

Vardhman Textiles Limited to Report Q2, 2024 Results on Oct 31, 2023

Now 25% undervalued after recent price drop

Now 20% undervalued

Now 21% undervalued

Vardhman Textiles Limited, Annual General Meeting, Sep 30, 2023

Consensus EPS estimates fall by 14%

Price target increased by 7.9% to ₹403

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Price target increased by 9.8% to ₹397

Full year 2023 earnings: EPS misses analyst expectations

Vardhman Textiles Limited Recommends Final Dividend

Consensus EPS estimates fall by 24%, revenue upgraded

Third quarter 2023 earnings: EPS misses analyst expectations

Vardhman Textiles Limited to Report Q3, 2023 Results on Jan 25, 2023

Consensus EPS estimates fall by 14%

Second quarter 2023 earnings released: EPS: ₹7.20 (vs ₹17.00 in 2Q 2022)

Vardhman Textiles Limited to Report Q2, 2023 Results on Oct 28, 2022

Vardhman Textiles Limited Approves Appointment of Suresh Kumar as an Independent Director

Vardhman Textiles Limited, Annual General Meeting, Sep 30, 2022

Price target decreased to ₹368

Consensus EPS estimates fall by 14%

First quarter 2023 earnings released: EPS: ₹11.58 (vs ₹11.12 in 1Q 2022)

Investor sentiment improved over the past week

Vardhman Textiles Limited to Report Q1, 2023 Results on Jul 22, 2022

Price target decreased to ₹496

Investor sentiment deteriorated over the past week

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Vardhman Textiles Limited to Report Fiscal Year 2022 Results on May 21, 2022

Investor sentiment deteriorated over the past week

Price target increased to ₹581

Insufficient new directors

Insufficient new directors

Investor sentiment deteriorated over the past week

Insufficient new directors

Joint MD recently sold ₹2.4m worth of stock

Price target increased to ₹2,906

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Chief General Manager recently sold ₹5.8m worth of stock

Investor sentiment improved over the past week

Insufficient new directors

Insider recently sold ₹1.0m worth of stock

President & Director In-charge recently sold ₹2.1m worth of stock

Director of Corporate Services recently sold ₹8.1m worth of stock

Second quarter 2022 earnings released: EPS ₹84.99 (vs ₹10.66 in 2Q 2021)

Insider recently sold ₹2.0m worth of stock

Upcoming dividend of ₹17.50 per share

Joint MD recently sold ₹3.3m worth of stock

Director of Corporate Services recently sold ₹3.8m worth of stock

Consensus EPS estimates increase to ₹207

First quarter 2022 earnings released: EPS ₹55.58 (vs ₹11.38 loss in 1Q 2021)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Insider recently sold ₹1.0m worth of stock

Insider recently sold ₹778k worth of stock

Consensus EPS estimates increase to ₹174

Full year 2021 earnings released: EPS ₹72.52 (vs ₹102 in FY 2020)

Vardhman Textiles Limited Recommends Dividend

Joint MD recently sold ₹3.6m worth of stock

Director of Operations recently sold ₹415k worth of stock

Director of MP Location recently sold ₹229k worth of stock

New 90-day high: ₹1,124

Insider recently sold ₹758k worth of stock