Kitex Garments Management

Management criteria checks 3/4

Kitex Garments' CEO is Sabu Jacob, appointed in Aug 2006, has a tenure of 17.75 years. total yearly compensation is ₹92.61M, comprised of 11.7% salary and 88.3% bonuses, including company stock and options. directly owns 40.69% of the company’s shares, worth ₹5.51B. The average tenure of the management team and the board of directors is 4.8 years and 9.3 years respectively.

Key information

Sabu Jacob

Chief executive officer

₹92.6m

Total compensation

CEO salary percentage	11.7%
CEO tenure	17.8yrs
CEO ownership	40.7%
Management average tenure	4.8yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sabu Jacob's remuneration changed compared to Kitex Garments's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹396m
Jun 30 2023	n/a	n/a	₹288m
Mar 31 2023	₹93m	₹11m	₹576m
Dec 31 2022	n/a	n/a	₹984m
Sep 30 2022	n/a	n/a	₹1b
Jun 30 2022	n/a	n/a	₹1b
Mar 31 2022	₹93m	₹11m	₹1b
Dec 31 2021	n/a	n/a	₹892m
Sep 30 2021	n/a	n/a	₹700m
Jun 30 2021	n/a	n/a	₹621m
Mar 31 2021	₹45m	₹11m	₹543m
Dec 31 2020	n/a	n/a	₹636m
Sep 30 2020	n/a	n/a	₹831m
Jun 30 2020	n/a	n/a	₹1b
Mar 31 2020	₹50m	₹11m	₹1b
Dec 31 2019	n/a	n/a	₹1b
Sep 30 2019	n/a	n/a	₹775m
Jun 30 2019	n/a	n/a	₹668m
Mar 31 2019	₹69m	₹11m	₹714m
Mar 31 2018	₹57m	₹11m	₹635m

Compensation vs Market: Sabu's total compensation ($USD1.11M) is above average for companies of similar size in the Indian market ($USD185.58K).

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

CEO

Sabu Jacob (61 yo)

17.8yrs

Tenure

₹92,611,586

Compensation

Mr. Sabu Meckamkunnel Jacob has been Managing Director of Kitex Garments Limited since August 16, 2006 and was its Interim Chief Financial Officer since May 20, 2019 until July 1, 2019. He serves as a Dire...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sabu Jacob	Chairman & MD	17.8yrs	₹92.61m	40.69% ₹ 5.5b
Sindhu Chandrasekharan	Woman Whole-Time Director	no data	₹1.81m	no data
Boby Michael	Chief Financial Officer	4.8yrs	₹3.49m	0.049% ₹ 6.6m
Harkishan Sodhi	Vice President of Business Operations	no data	no data	no data
Donnie Hodge	President & COO of Kitex USA LLC	no data	no data	no data
Dayana Joseph	Company Secretary	less than a year	no data	no data

4.8yrs

Average Tenure

Experienced Management: 521248's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sabu Jacob	Chairman & MD	30.8yrs	₹92.61m	40.69% ₹ 5.5b
Sindhu Chandrasekharan	Woman Whole-Time Director	9.2yrs	₹1.81m	no data
Benni Joseph	Independent Non Executive Director	9.3yrs	₹330.00k	no data
Kalpathy Lekshmi Narayanan	Non Executive Director	11.1yrs	₹170.00k	no data
Chenakkott Philipose	Independent Non Executive Director	8.8yrs	₹255.00k	no data

9.3yrs

Average Tenure

66yo

Average Age

Experienced Board: 521248's board of directors are considered experienced (9.3 years average tenure).

Kitex Garments Management

Management criteria checks 3/4

Key information

Recent management updates

Less than half of directors are independent

Kitex Garments Limited, Annual General Meeting, Sep 30, 2023

Kitex Garments Limited, Annual General Meeting, Sep 30, 2023

Kitex Garments Limited Announces Appointment of Ms. Dayana Joseph as Company Secretary and Compliance Officer

Kitex Garments Limited, Annual General Meeting, Aug 29, 2022

Kitex Garments Limited Announces Demise of E M. Paulose as Non Executive Independent Director

Recent updates

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 21%

Third quarter 2024 earnings released: EPS: ₹2.25 (vs ₹0.64 loss in 3Q 2023)

Investor sentiment improves as stock rises 25%

Kitex Garments Limited to Report Q3, 2024 Results on Jan 31, 2024

Kitex Garments Limited to Report Q2, 2023 Results on Nov 06, 2023

Less than half of directors are independent

Upcoming dividend of ₹1.50 per share at 0.8% yield

Kitex Garments Limited, Annual General Meeting, Sep 30, 2023

Kitex Garments Limited, Annual General Meeting, Sep 30, 2023

Kitex Garments Limited Announces Appointment of Ms. Dayana Joseph as Company Secretary and Compliance Officer

First quarter 2024 earnings released: EPS: ₹1.18 (vs ₹5.50 in 1Q 2023)

Kitex Garments Limited to Report Q1, 2024 Results on Aug 11, 2023

Full year 2023 earnings released: EPS: ₹8.56 (vs ₹18.82 in FY 2022)

Kitex Garments Limited Recommends a Final Dividend

Now 21% undervalued after recent price drop

Third quarter 2023 earnings released: ₹0.64 loss per share (vs ₹5.22 profit in 3Q 2022)

Second quarter 2023 earnings released: EPS: ₹3.25 (vs ₹3.87 in 2Q 2022)

Kitex Garments Limited to Report Q2, 2023 Results on Nov 12, 2022

Upcoming dividend of ₹1.50 per share

Full year 2022 earnings released: EPS: ₹18.82 (vs ₹8.16 in FY 2021)

Kitex Garments Limited, Annual General Meeting, Aug 29, 2022

Investor sentiment deteriorated over the past week

Kitex Garments Limited Announces Demise of E M. Paulose as Non Executive Independent Director

Kitex Garments Limited Recommends Final Dividend

Investor sentiment improved over the past week

Kitex Garments Limited to Report Fiscal Year 2022 Results on May 19, 2022

Insufficient new directors

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Chairman & MD recently bought ₹551k worth of stock

Chairman & MD recently bought ₹14m worth of stock

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

Now 22% undervalued

Investor sentiment improved over the past week

Chairman & MD recently bought ₹20m worth of stock

Chairman & MD recently bought ₹12m worth of stock

Investor sentiment improved over the past week

Insufficient new directors

Chairman & MD recently bought ₹37m worth of stock

Second quarter 2022 earnings released: EPS ₹3.87 (vs ₹2.68 in 2Q 2021)

Investor sentiment improved over the past week

Upcoming dividend of ₹1.50 per share

First quarter 2022 earnings released: EPS ₹3.08 (vs ₹1.90 in 1Q 2021)

Upcoming dividend of ₹1.50 per share

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹8.16 (vs ₹15.54 in FY 2020)

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS ₹2.34 (vs ₹5.26 in 3Q 2020)

Kitex Garments Limited to Report Q3, 2021 Results on Feb 10, 2021

New 90-day high: ₹120

Kitex Garments Limited Appoints Sumi Francis as an Additional Director (Non- Executive & Independent Women Director)

New 90-day low: ₹98.90

Kitex Garments Limited to Report Q2, 2021 Results on Nov 13, 2020

Kitex Garments Limited to Report Q1, 2021 Results on Sep 14, 2020

Kitex Garments Limited Announces Resumes Production

Kitex Garments Limited to Report Fiscal Year 2020 Results on Jul 29, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age