Garnet International Management

Management criteria checks 3/4

Garnet International's CEO is Ramakant Gaggar, appointed in Jun 2018, has a tenure of 5.83 years. directly owns 19.75% of the company’s shares, worth ₹217.96M. The average tenure of the management team and the board of directors is 4.2 years and 5.3 years respectively.

Key information

Ramakant Gaggar

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	5.8yrs
CEO ownership	19.7%
Management average tenure	4.2yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ramakant Gaggar's remuneration changed compared to Garnet International's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-₹8m
Sep 30 2023	n/a	n/a	-₹18m
Jun 30 2023	n/a	n/a	₹23m
Mar 31 2023	n/a	n/a	₹28m
Dec 31 2022	n/a	n/a	₹23m
Sep 30 2022	n/a	n/a	₹20m
Jun 30 2022	n/a	n/a	₹13m
Mar 31 2022	n/a	n/a	-₹17m
Dec 31 2021	n/a	n/a	-₹23m
Sep 30 2021	n/a	n/a	-₹44m
Jun 30 2021	n/a	n/a	-₹55m
Mar 31 2021	₹2m	₹2m	-₹37m
Dec 31 2020	n/a	n/a	-₹41m
Sep 30 2020	n/a	n/a	-₹40m
Jun 30 2020	n/a	n/a	₹20m
Mar 31 2020	₹2m	₹2m	-₹109m
Dec 31 2019	n/a	n/a	-₹8m
Sep 30 2019	n/a	n/a	-₹46m
Jun 30 2019	n/a	n/a	-₹285m
Mar 31 2019	₹2m	₹2m	-₹577m

Compensation vs Market: Insufficient data to establish whether Ramakant's total compensation is reasonable compared to companies of similar size in the Indian market.

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

CEO

Ramakant Gaggar (50 yo)

5.8yrs

Tenure

₹1,800,000

Compensation

Mr. Ramakant M. Gaggar has been Managing Director and Executive Non-Independent Director of Garnet International Limited since June 28, 2018 and September 24, 2007 respectively. Mr. Gaggar served as the Ma...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Suresh Gaggar	Executive Chairman	28.1yrs	no data	25.87% ₹ 285.5m
Navratan Gaggar	Executive Director	2.5yrs	no data	4.66% ₹ 51.4m
Ramakant Gaggar	MD & Executive Non-Independent Director	5.8yrs	₹1.80m	19.75% ₹ 218.0m
Sanjay Raut	Chief Financial Officer	9yrs	₹425.00k	no data
Shipra Rathi	Company Secretary & Compliance Officer	1.5yrs	no data	no data

4.2yrs

Average Tenure

51yo

Average Age

Experienced Management: 512493's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Suresh Gaggar	Executive Chairman	28.1yrs	no data	25.87% ₹ 285.5m
Navratan Gaggar	Executive Director	2.5yrs	no data	4.66% ₹ 51.4m
Ramakant Gaggar	MD & Executive Non-Independent Director	16.6yrs	₹1.80m	19.75% ₹ 218.0m
Vishnu Bhangadia	Non Executive Independent Director	4.9yrs	no data	no data
Sandhya Lotlikar	Non Executive Independent Women Director	5.3yrs	no data	no data

5.3yrs

Average Tenure

51yo

Average Age

Experienced Board: 512493's board of directors are considered experienced (5.3 years average tenure).

Garnet International Management

Management criteria checks 3/4

Key information

Recent management updates

Executive Chairman recently bought ₹170k worth of stock

Executive Chairman recently bought ₹4.0m worth of stock

Executive Chairman recently bought ₹1.7m worth of stock

Garnet International Limited Announces Resignation of Shyaam Taaparia as Independent Director

Executive Chairman recently bought ₹440k worth of stock

MD & Executive Non-Independent Director recently bought ₹439k worth of stock

Recent updates

Executive Chairman recently bought ₹170k worth of stock

Garnet International Limited (BSE:512493) acquired 81% stake in Whitewall India Private Limited.

Garnet International Limited (BSE:512493) acquired 81% stake in Whitewall India Private Limited.

Executive Chairman recently bought ₹4.0m worth of stock

Executive Chairman recently bought ₹1.7m worth of stock

Third quarter 2024 earnings released: EPS: ₹0.90 (vs ₹0.24 in 3Q 2023)

Garnet International Limited Announces Resignation of Shyaam Taaparia as Independent Director

Garnet International Limited to Report Q3, 2024 Results on Jan 25, 2024

Executive Chairman recently bought ₹440k worth of stock

Second quarter 2024 earnings released: ₹1.60 loss per share (vs ₹0.34 profit in 2Q 2023)

New minor risk - Share price stability

Investor sentiment improves as stock rises 20%

New major risk - Market cap size

MD & Executive Non-Independent Director recently bought ₹439k worth of stock

MD & Executive Non-Independent Director recently bought ₹1.4m worth of stock

New major risk - Market cap size

Garnet International Limited to Report Q1, 2024 Results on Aug 14, 2023

Full year 2023 earnings released: EPS: ₹1.45 (vs ₹0.88 loss in FY 2022)

Garnet International Limited, Annual General Meeting, Aug 21, 2023

Executive Chairman recently bought ₹62k worth of stock

Investor sentiment improves as stock rises 22%

Full year 2023 earnings released: EPS: ₹1.66 (vs ₹0.88 loss in FY 2022)

Executive Chairman recently bought ₹521k worth of stock

Investor sentiment improves as stock rises 17%

Investor sentiment improves as stock rises 15%

Third quarter 2023 earnings released: EPS: ₹0.24 (vs ₹0.007 in 3Q 2022)

Garnet International Limited to Report Q3, 2023 Results on Feb 11, 2023

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Garnet International Limited to Report Q2, 2023 Results on Nov 14, 2022

Garnet International Limited Appoints Shipra Rathi as Company Secretary, KMP & Compliance Officer

Garnet International Limited Announces Resignation of Kumkum Shah as Company Secretary & Compliance Officer, Effective 10 October 2022

Executive Chairman recently sold ₹430k worth of stock

Executive Chairman recently sold ₹909k worth of stock

Executive Chairman recently sold ₹5.5m worth of stock

Garnet International Limited, Annual General Meeting, Sep 30, 2022

Investor sentiment improved over the past week

Insider recently bought ₹346k worth of stock

First quarter 2023 earnings released: EPS: ₹0.83 (vs ₹0.76 loss in 1Q 2022)

Garnet International Limited to Report Q1, 2023 Results on Jul 25, 2022

Executive Chairman recently bought ₹159k worth of stock

Full year 2022 earnings released: ₹0.64 loss per share (vs ₹1.90 loss in FY 2021)

Garnet International Limited to Report Q4, 2022 Results on May 30, 2022

Executive Chairman recently bought ₹529k worth of stock

Executive Chairman recently bought ₹355k worth of stock

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Garnet International Limited to Report Q3, 2022 Results on Feb 09, 2022

Executive Chairman recently sold ₹1.8m worth of stock

Executive Chairman recently bought ₹140k worth of stock

Executive Chairman recently sold ₹2.6m worth of stock

Second quarter 2022 earnings released: ₹0.27 loss per share (vs ₹0.41 loss in 2Q 2021)

Full year 2021 earnings released: ₹1.81 loss per share (vs ₹5.55 loss in FY 2020)

New 90-day low: ₹29.30

Third quarter 2021 earnings released: ₹1.13 loss per share (vs ₹0.95 loss in 3Q 2020)

Garnet International Limited to Report Q3, 2021 Results on Feb 13, 2021

New 90-day high: ₹40.00

Market bids up stock over the past week

Garnet International Limited to Report Q2, 2021 Results on Nov 13, 2020

New 90-day low: ₹22.50

New 90-day low: ₹22.70

Garnet International Limited Appoints Ms. Kumkum Shah as Company Secretary and Compliance Officer, with Effect from October 15, 2020

New 90-day low: ₹24.45

Garnet International Limited to Report Fiscal Year 2020 Results on Jul 31, 2020

Full year earnings released - ₹5.41 loss per share

Earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation