Prima Plastics Management

Management criteria checks 3/4

Prima Plastics' CEO is Dilip Parekh, appointed in Jul 2005, has a tenure of 18.92 years. total yearly compensation is ₹9.12M, comprised of 92.1% salary and 7.9% bonuses, including company stock and options. directly owns 31.72% of the company’s shares, worth ₹646.48M. The average tenure of the management team and the board of directors is 11.4 years and 18.5 years respectively.

Key information

Dilip Parekh

Chief executive officer

₹9.1m

Total compensation

CEO salary percentage	92.1%
CEO tenure	18.9yrs
CEO ownership	31.7%
Management average tenure	11.4yrs
Board average tenure	18.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dilip Parekh's remuneration changed compared to Prima Plastics's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	₹218m
Dec 31 2023	n/a	n/a	₹212m
Sep 30 2023	n/a	n/a	₹196m
Jun 30 2023	n/a	n/a	₹193m
Mar 31 2023	₹9m	₹8m	₹159m
Dec 31 2022	n/a	n/a	₹115m
Sep 30 2022	n/a	n/a	₹91m
Jun 30 2022	n/a	n/a	₹71m
Mar 31 2022	₹8m	₹7m	₹87m
Dec 31 2021	n/a	n/a	₹103m
Sep 30 2021	n/a	n/a	₹132m
Jun 30 2021	n/a	n/a	₹160m
Mar 31 2021	₹6m	₹5m	₹150m
Dec 31 2020	n/a	n/a	₹152m
Sep 30 2020	n/a	n/a	₹121m
Jun 30 2020	n/a	n/a	₹90m
Mar 31 2020	₹6m	₹6m	₹101m
Dec 31 2019	n/a	n/a	₹78m
Sep 30 2019	n/a	n/a	₹78m
Jun 30 2019	n/a	n/a	₹77m
Mar 31 2019	₹6m	₹6m	₹95m
Mar 31 2018	₹7m	₹7m	₹95m

Compensation vs Market: Dilip's total compensation ($USD109.34K) is above average for companies of similar size in the Indian market ($USD38.09K).

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

CEO

Dilip Parekh (56 yo)

18.9yrs

Tenure

₹9,119,000

Compensation

Mr. Dilip Manharlal Parekh has been the Managing Director of Prima Plastics Ltd. since July 1, 2005 and served as its Chief Executive Officer. He is actively involved in forum for Plastic Industries and is...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bhaskar Parekh	Executive Chairman	30.6yrs	₹6.31m	24.41% ₹ 497.5m
Dilip Parekh	MD & Executive Director	18.9yrs	₹9.12m	31.72% ₹ 646.5m
Dharmesh Sachade	Chief Financial Officer	5.6yrs	₹2.41m	no data
Pratik Parekh	Chief Operating Ocer	no data	no data	no data
Manoj Toshniwal	Vice President of Accounts & Finance	no data	₹1.44m	no data
Vandana Ahuja	Company Secretary & Compliance Officer	3.5yrs	no data	no data
Paras Parekh	Chief Marketing Officer	17.2yrs	no data	0.0010% ₹ 20.4k

11.4yrs

Average Tenure

Experienced Management: 530589's management team is seasoned and experienced (11.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bhaskar Parekh	Executive Chairman	30.6yrs	₹6.31m	24.41% ₹ 497.5m
Dilip Parekh	MD & Executive Director	30.6yrs	₹9.12m	31.72% ₹ 646.5m
Krishnakant Vanravan Chitalia	Independent Non-Executive Director	28yrs	₹175.00k	no data
Rasiklal Doshi	Independent Non-Executive Director	28yrs	₹100.00k	0.031% ₹ 623.8k
Hina Mehta	Non Executive Director	9.1yrs	₹125.00k	0.00092% ₹ 18.7k
Snehal Muzoomdar	Independent Non-Executive Director	5.4yrs	₹175.00k	no data
Shailesh Shah	Independent Non-Executive Director	4.6yrs	₹175.00k	no data
Daxa Baxi	Independent Director	1.1yrs	no data	no data

18.5yrs

Average Tenure

67yo

Average Age

Experienced Board: 530589's board of directors are seasoned and experienced ( 18.5 years average tenure).

Prima Plastics Management

Management criteria checks 3/4

Key information

Recent management updates

Prima Plastics Limited Announces Resignation of Vandana Satish Ahuja as Company Secretary and Compliance Officer, Effective June 30, 2024

Prima Plastics Limited, Annual General Meeting, Aug 11, 2023

Insufficient new directors

Prima Plastics Limited, Annual General Meeting, Aug 17, 2022

Insufficient new directors

Insufficient new directors

Recent updates

Investor sentiment deteriorates as stock falls 16%

Full year 2024 earnings released: EPS: ₹19.82 (vs ₹14.48 in FY 2023)

Prima Plastics Limited to Report Q4, 2024 Results on May 27, 2024

Prima Plastics Limited to Report Q4, 2024 Results on May 27, 2024

Prima Plastics Limited Announces Resignation of Vandana Satish Ahuja as Company Secretary and Compliance Officer, Effective June 30, 2024

Upcoming dividend of ₹2.00 per share

Prima Plastics Limited Declares Interim Dividend for the Financial Year 2023-24, Payable Between April 16, 2024 to April 27, 2024

Investor sentiment deteriorates as stock falls 16%

Now 21% undervalued

Now 20% undervalued

Investor sentiment improves as stock rises 25%

New minor risk - Share price stability

Third quarter 2024 earnings released: EPS: ₹6.13 (vs ₹4.73 in 3Q 2023)

Second quarter 2024 earnings released: EPS: ₹4.43 (vs ₹4.16 in 2Q 2023)

Prima Plastics Limited to Report Q1, 2024 Results on Aug 11, 2023

Upcoming dividend of ₹1.50 per share at 0.9% yield

Full year 2023 earnings released: EPS: ₹14.48 (vs ₹7.88 in FY 2022)

Investor sentiment improves as stock rises 20%

Prima Plastics Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023

Prima Plastics Limited, Annual General Meeting, Aug 11, 2023

Prima Plastics Limited to Report Q4, 2023 Results on May 29, 2023

Third quarter 2023 earnings released: EPS: ₹4.73 (vs ₹2.51 in 3Q 2022)

Prima Plastics Limited to Report Q3, 2023 Results on Feb 14, 2023

Second quarter 2023 earnings released: EPS: ₹4.16 (vs ₹2.38 in 2Q 2022)

Insufficient new directors

Prima Plastics Limited to Report Q2, 2023 Results on Nov 14, 2022

Full year 2022 earnings released: EPS: ₹7.88 (vs ₹13.63 in FY 2021)

Prima Plastics Limited, Annual General Meeting, Aug 17, 2022

Full year 2022 earnings released: EPS: ₹7.88 (vs ₹13.63 in FY 2021)

Prima Plastics Limited Not Recommends Dividend for the Year Ended March 31, 2022

Insufficient new directors

Investor sentiment improved over the past week

Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Prima Plastics Limited to Report Q3, 2022 Results on Feb 08, 2022

Insufficient new directors

Second quarter 2022 earnings released: EPS ₹2.38 (vs ₹4.92 in 2Q 2021)

Investor sentiment improved over the past week

Upcoming dividend of ₹1.50 per share

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS ₹1.38 (vs ₹0.43 in 1Q 2021)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹13.62 (vs ₹9.19 in FY 2020)

Prima Plastics Limited Recommends Final Dividend for the Financial Year Ended March 31, 2021

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS ₹5.19 (vs ₹2.37 in 3Q 2020)

Prima Plastics Limited Appoints Vandana Ahuja as Company Secretary and Compliance Officer

New 90-day high: ₹88.60

Prima Plastics Limited to Report Q3, 2021 Results on Feb 11, 2021

Investor sentiment improved over the past week

New 90-day high: ₹78.15

Prima Plastics Ltd. Announces Appointment of Vandana Ahuja as Company Secretary and Compliance Officer

Market bids up stock over the past week

Prima Plastics Limited Announces Resignation of Ankita Agarwal as Company Secretary and Compliance Officer, Effective on November 30, 2020

New 90-day high: ₹61.95

Market bids up stock over the past week

Prima Plastics Limited to Report Q1, 2021 Results on Aug 20, 2020

Prima Plastics Limited to Report Fiscal Year 2020 Results on Jun 29, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age