Siyaram Silk Mills Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Rameshkumar Poddar

Chief executive officer

₹92.4m

Total compensation

CEO salary percentage	30.3%
CEO tenure	35.3yrs
CEO ownership	9.3%
Management average tenure	14yrs
Board average tenure	8.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rameshkumar Poddar's remuneration changed compared to Siyaram Silk Mills's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹2b
Sep 30 2023	n/a	n/a	₹2b
Jun 30 2023	n/a	n/a	₹2b
Mar 31 2023	₹92m	₹28m	₹3b
Dec 31 2022	n/a	n/a	₹2b
Sep 30 2022	n/a	n/a	₹3b
Jun 30 2022	n/a	n/a	₹2b
Mar 31 2022	₹70m	₹23m	₹2b
Dec 31 2021	n/a	n/a	₹2b
Sep 30 2021	n/a	n/a	₹2b
Jun 30 2021	n/a	n/a	₹838m
Mar 31 2021	₹15m	₹15m	₹36m
Dec 31 2020	n/a	n/a	-₹315m
Sep 30 2020	n/a	n/a	-₹514m
Jun 30 2020	n/a	n/a	-₹80m
Mar 31 2020	₹24m	₹24m	₹692m
Dec 31 2019	n/a	n/a	₹930m
Sep 30 2019	n/a	n/a	₹1b
Jun 30 2019	n/a	n/a	₹991m
Mar 31 2019	₹50m	₹23m	₹991m
Dec 31 2018	n/a	n/a	₹999m
Sep 30 2018	n/a	n/a	₹1b
Jun 30 2018	n/a	n/a	₹1b
Mar 31 2018	₹53m	₹26m	₹1b

Compensation vs Market: Rameshkumar's total compensation ($USD1.11M) is above average for companies of similar size in the Indian market ($USD186.42K).

Compensation vs Earnings: Rameshkumar's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Rameshkumar Poddar (71 yo)

35.3yrs

Tenure

₹92,382,000

Compensation

Mr. Rameshkumar Dharaprasad Poddar has been the Executive Chairman of Siyaram Silk Mills Ltd. since May 2012 and serves as its Managing Director. Mr. Poddar is an Industrialist with vast experience in Text...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Rameshkumar Poddar	Executive Chairman & MD	no data	₹92.38m	9.3% ₹ 1.9b
Pawan Kumar Poddar	Joint MD & Executive Director	15.8yrs	₹78.16m	1.67% ₹ 349.5m
Ashok Jalan	Senior President cum Director	12.3yrs	₹8.57m	no data
Gaurav Poddar	President & Executive Director	no data	₹72.93m	4.48% ₹ 936.1m
Shrikishan Poddar	Executive Director	no data	₹78.16m	no data
Surendra Shetty	Chief Financial Officer	no data	₹7.40m	no data
William Fernandes	Compliance Officer & Company Secretary	15.9yrs	₹3.86m	no data
Ankit Poddar	President of Export Marketing	less than a year	no data	4.48% ₹ 936.1m

14.0yrs

Average Tenure

62yo

Average Age

Experienced Management: 503811's management team is seasoned and experienced (14 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Rameshkumar Poddar	Executive Chairman & MD	35.3yrs	₹92.38m	9.3% ₹ 1.9b
Pawan Kumar Poddar	Joint MD & Executive Director	35.3yrs	₹78.16m	1.67% ₹ 349.5m
Ashok Jalan	Senior President cum Director	17.3yrs	₹8.57m	no data
Gaurav Poddar	President & Executive Director	11.8yrs	₹72.93m	4.48% ₹ 936.1m
Shrikishan Poddar	Executive Director	34.6yrs	₹78.16m	no data
Sachindra Chaturvedi	Non-Executive & Independent Director	4.8yrs	₹900.00k	no data
Chetan Thakkar	Non-Executive & Independent Director	4.8yrs	₹820.00k	no data
Deepak Shah	Non-Executive & Independent Director	4.8yrs	₹900.00k	no data
Mangala Prabhu	Non-Executive & Independent Director	5.2yrs	₹840.00k	no data
Ashok Desai	Non-Executive & Independent Director	4.8yrs	₹660.00k	no data

8.5yrs

Average Tenure

66yo

Average Age

Experienced Board: 503811's board of directors are considered experienced (8.5 years average tenure).

Siyaram Silk Mills Management

Management criteria checks 2/4

Key information

Recent management updates

Siyaram Silk Mills Limited, Annual General Meeting, Aug 05, 2023

Siyaram Silk Mills Limited, Annual General Meeting, Aug 05, 2023

Siyaram Silk Mills Limited Appoints Ankit P. Poddar as President - Export Marketing

Insufficient new directors

Insufficient new directors

Insider recently bought ₹1.5m worth of stock

Recent updates

Upcoming dividend of ₹3.00 per share at 1.6% yield

Third quarter 2024 earnings released: EPS: ₹9.62 (vs ₹11.07 in 3Q 2023)

Siyaram Silk Mills Limited Declares second Interim Dividend for the Financial Year 2023-24

Siyaram Silk Mills Limited to Report Q3, 2024 Results on Feb 08, 2024

Second quarter 2024 earnings released: EPS: ₹13.08 (vs ₹17.10 in 2Q 2023)

Corporate Action-Board Approves Dividend for the Financial Year 2023-24, to Be Credited/Paid/ Dispatched on or After 21St November

Siyaram Silk Mills Limited to Report Q2, 2024 Results on Oct 30, 2023

Siyaram Silk Mills Limited (BSE:503811) announces an Equity Buyback for 1,661,530 shares, representing 3.54% for INR 1,079.99 million.

First quarter 2024 earnings released: EPS: ₹2.13 (vs ₹6.58 in 1Q 2023)

Siyaram Silk Mills Limited to Report Q1, 2024 Results on Aug 12, 2023

Upcoming dividend of ₹4.00 per share at 2.0% yield

Full year 2023 earnings released: EPS: ₹53.55 (vs ₹46.14 in FY 2022)

Siyaram Silk Mills Limited, Annual General Meeting, Aug 05, 2023

Siyaram Silk Mills Limited, Annual General Meeting, Aug 05, 2023

Full year 2023 earnings released: EPS: ₹53.73 (vs ₹46.14 in FY 2022)

Siyaram Silk Mills Limited Appoints Ankit P. Poddar as President - Export Marketing

Third quarter 2023 earnings released: EPS: ₹11.07 (vs ₹14.64 in 3Q 2022)

Now 22% undervalued

Siyaram Silk Mills Limited Declares Second Interim Dividend for the Financial Year 2022-23, Payable on or After 15th February, 2023

Price target increased to ₹579

Insufficient new directors

Second quarter 2023 earnings released: EPS: ₹17.10 (vs ₹11.29 in 2Q 2022)

Investor sentiment improved over the past week

Siyaram Silk Mills Limited Declares Interim Dividend for the Financial Year 2022-23, Payable on or After 23Rd November, 2022

Now 22% undervalued after recent price drop

Insufficient new directors

First quarter 2023 earnings released: EPS: ₹6.58 (vs ₹2.67 in 1Q 2022)

Siyaram Silk Mills Limited Approves Final Dividend for the Financial Year Ended March 31, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Siyaram Silk Mills Limited Proposes Final Dividend for the Financial Year Ended March 31, 2022, Payable on After July 27, 2022

Now 21% undervalued

Siyaram Silk Mills Limited Recommends Final Dividend for the Year Ended March 31, 2022

Full year 2022 earnings released: EPS: ₹46.14 (vs ₹0.76 in FY 2021)

Price target increased to ₹579

Investor sentiment improved over the past week

Now 24% undervalued after recent price drop

Now 20% undervalued after recent price drop

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Second quarter 2022 earnings released: EPS ₹11.29 (vs ₹3.00 loss in 2Q 2021)

Second quarter 2022 earnings released: EPS ₹11.29 (vs ₹3.00 loss in 2Q 2021)

Price target increased to ₹398

Upcoming dividend of ₹4.60 per share

Full year 2021 earnings released: EPS ₹0.76 (vs ₹14.77 in FY 2020)

Full year 2021 earnings released: EPS ₹0.76 (vs ₹14.77 in FY 2020)

Siyaram Silk Mills Limited Recommends Final Dividend for the Year Ended March 31, 2021

New 90-day high: ₹220

Revenue beats expectations

Third quarter 2021 earnings released: EPS ₹5.87 (vs ₹1.63 in 3Q 2020)

New 90-day high: ₹211

New 90-day high: ₹201

New 90-day high: ₹161

Insider recently bought ₹1.5m worth of stock

Price target raised to ₹160

Senior President cum Director recently bought ₹2.7m worth of stock

Revenue beats expectations

First quarter earnings released

Siyaram Silk Mills Limited to Report Q1, 2021 Results on Sep 12, 2020

New 90-day high - ₹155

Price target lowered to ₹147

Siyaram Silk Mills Limited to Report Q3, 2021 Results on Feb 14, 2021

Siyaram Silk Mills Limited Recommends No Final Dividend for the Financial Year Ended March 31, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members