Bhandari Hosiery Exports Management

Management criteria checks 3/4

Bhandari Hosiery Exports' CEO is Nitin Bhandari, appointed in Nov 2009, has a tenure of 14.5 years. directly owns 18.32% of the company’s shares, worth ₹231.41M. The average tenure of the management team and the board of directors is 11.4 years and 4.5 years respectively.

Key information

Nitin Bhandari

Chief executive officer

₹4.8m

Total compensation

CEO salary percentage	n/a
CEO tenure	14.5yrs
CEO ownership	18.3%
Management average tenure	11.4yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nitin Bhandari's remuneration changed compared to Bhandari Hosiery Exports's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹65m
Sep 30 2023	n/a	n/a	₹65m
Jun 30 2023	n/a	n/a	₹66m
Mar 31 2023	₹5m	n/a	₹65m
Dec 31 2022	n/a	n/a	₹69m
Sep 30 2022	n/a	n/a	₹64m
Jun 30 2022	n/a	n/a	₹66m
Mar 31 2022	₹5m	n/a	₹63m
Dec 31 2021	n/a	n/a	₹58m
Sep 30 2021	n/a	n/a	₹59m
Jun 30 2021	n/a	n/a	₹52m
Mar 31 2021	₹4m	n/a	₹17m
Dec 31 2020	n/a	n/a	₹2m
Sep 30 2020	n/a	n/a	₹19m
Jun 30 2020	n/a	n/a	₹19m
Mar 31 2020	₹3m	₹3m	₹53m
Dec 31 2019	n/a	n/a	₹64m
Sep 30 2019	n/a	n/a	₹62m
Jun 30 2019	n/a	n/a	₹56m
Mar 31 2019	₹1m	₹1m	₹54m
Dec 31 2018	n/a	n/a	₹60m
Sep 30 2018	n/a	n/a	₹48m
Jun 30 2018	n/a	n/a	₹49m
Mar 31 2018	₹1m	₹1m	₹50m

Compensation vs Market: Nitin's total compensation ($USD57.58K) is above average for companies of similar size in the Indian market ($USD39.27K).

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

CEO

Nitin Bhandari (40 yo)

14.5yrs

Tenure

₹4,800,000

Compensation

Mr. Nitin Bhandari has been the Chairman and Managing Director of Bhandari Hosiery Exports Limited since November 23, 2009 and serves as its Chief Executive Officer. Mr. Bhandari served as the President at...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nitin Bhandari	Chairman	14.5yrs	₹4.80m	18.32% ₹ 235.3m
Deepak Sharma	Chief Financial Officer	less than a year	no data	no data
Shilpa Tiwari	Company Secretary & Compliance Officer	less than a year	no data	no data
Aditi Bhandari	Vice President of Marketing	12.7yrs	₹1.14m	no data
Kusum Bhandari	Chief Merchandiser	no data	₹888.00k	2.04% ₹ 26.2m
Himanshu Sharma	Head of Fabric Dyeing & Processing	no data	no data	no data
Jagtar Singh	Head of IT Department	no data	no data	no data

11.4yrs

Average Tenure

40yo

Average Age

Experienced Management: 512608's management team is seasoned and experienced (11.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Nitin Bhandari	Chairman	14.5yrs	₹4.80m	18.32% ₹ 235.3m
Vikas Nayar	Non-Executive Director	19.6yrs	₹20.00k	no data
Surinder Kapoor	Non-Executive Independent Director	4.9yrs	₹20.00k	no data
Rajesh Kumar	Non-Executive Director	4.2yrs	no data	no data
Komal Bhalla	Independent Non-Executive Director	less than a year	no data	no data
Alka Gambhir	Independent Non-Executive Director	1.8yrs	no data	no data

4.5yrs

Average Tenure

48.5yo

Average Age

Experienced Board: 512608's board of directors are considered experienced (4.5 years average tenure).

Bhandari Hosiery Exports Management

Management criteria checks 3/4

Key information

Recent management updates

Bhandari Hosiery Exports Limited Announces Executive Changes

Bhandari Hosiery Exports Limited Announces Chief Financial Officer Changes

Less than half of directors are independent

Bhandari Hosiery Exports Limited, Annual General Meeting, Sep 30, 2023

Bhandari Hosiery Exports Limited Announces Resignation of Babu Ram Malhotra as Independent Director

Bhandari Hosiery Exports Limited Approves Board Appointments

Recent updates

New major risk - Share price stability

Investor sentiment improves as stock rises 20%

Bhandari Hosiery Exports Limited Announces Executive Changes

Investor sentiment deteriorates as stock falls 15%

Third quarter 2024 earnings released: EPS: ₹0.11 (vs ₹0.12 in 3Q 2023)

Bhandari Hosiery Exports Limited to Report Q3, 2024 Results on Feb 14, 2024

New minor risk - Share price stability

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 17%

Bhandari Hosiery Exports Limited Announces Chief Financial Officer Changes

Second quarter 2024 earnings released: EPS: ₹0.11 (vs ₹0.12 in 2Q 2023)

New minor risk - Shareholder dilution

New major risk - Share price stability

Upcoming dividend of ₹0.01 per share at 0.1% yield

Less than half of directors are independent

Bhandari Hosiery Exports Limited, Annual General Meeting, Sep 30, 2023

Investor sentiment improves as stock rises 20%

First quarter 2024 earnings released: EPS: ₹0.098 (vs ₹0.093 in 1Q 2023)

Bhandari Hosiery Exports Limited to Report Q1, 2024 Results on Aug 14, 2023

Bhandari Hosiery Exports Limited Recommends Final Dividend for the Financial Year 2022-2023

Bhandari Hosiery Exports Limited to Report Q4, 2023 Results on May 26, 2023

Bhandari Hosiery Exports Limited Announces Resignation of Babu Ram Malhotra as Independent Director

Investor sentiment improves as stock rises 26%

Third quarter 2023 earnings released: EPS: ₹0.12 (vs ₹0.085 in 3Q 2022)

Bhandari Hosiery Exports Limited to Report Q3, 2023 Results on Feb 13, 2023

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Second quarter 2023 earnings released: EPS: ₹0.12 (vs ₹0.14 in 2Q 2022)

Bhandari Hosiery Exports Limited Approves Board Appointments

Upcoming dividend of ₹0.01 per share

Less than half of directors are independent

Bhandari Hosiery Exports Limited, Annual General Meeting, Sep 30, 2022

First quarter 2023 earnings released: EPS: ₹0.09 (vs ₹0.07 in 1Q 2022)

Bhandari Hosiery Exports Limited to Report Q1, 2023 Results on Aug 13, 2022

Investor sentiment deteriorated over the past week

Full year 2022 earnings released: EPS: ₹0.43 (vs ₹0.11 in FY 2021)

Bhandari Hosiery Exports Limited Recommends Final Dividend for the Financial Year 2021-2022

Bhandari Hosiery Exports Limited to Report Q4, 2022 Results on May 30, 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

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

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2022 earnings released

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Upcoming dividend of ₹0.01 per share

Less than half of directors are independent

Chief Financial Officer Manoj Kumar has left the company

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹0.11 (vs ₹0.36 in FY 2020)

Third quarter 2021 earnings released: EPS ₹0.10 (vs ₹0.20 in 3Q 2020)

Bhandari Hosiery Exports Limited to Report Q3, 2021 Results on Feb 13, 2021

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

New 90-day high: ₹1.61

Market bids up stock over the past week

New 90-day high: ₹1.24

Bhandari Hosiery Exports Limited Appoints Daljeet Singh as Whole Time Company Secretary and Compliance Officer

Bhandari Hosiery Exports Limited Announces the Resignation of Arpit Jain as Company Secretary of the Company

New 90-day low: ₹1.12

First quarter earnings released

Upcoming Dividend of ₹0.01 Per Share

Full year earnings released - EPS ₹0.36

Bhandari Hosiery Exports Limited to Report Q1, 2021 Results on Sep 11, 2020