Nandan Denim Management

Management criteria checks 2/4

Nandan Denim's CEO is Deepak Chiripal, appointed in Apr 2006, has a tenure of 18.08 years. directly owns 0.27% of the company’s shares, worth ₹15.30M. The average tenure of the management team and the board of directors is 2.8 years and 2.6 years respectively.

Key information

Deepak Chiripal

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	18.1yrs
CEO ownership	0.3%
Management average tenure	2.8yrs
Board average tenure	2.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Deepak Chiripal's remuneration changed compared to Nandan Denim's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹209m
Sep 30 2023	n/a	n/a	-₹4m
Jun 30 2023	n/a	n/a	-₹81m
Mar 31 2023	n/a	n/a	₹8m
Dec 31 2022	n/a	n/a	₹132m
Sep 30 2022	n/a	n/a	₹463m
Jun 30 2022	n/a	n/a	₹680m
Mar 31 2022	₹8m	n/a	₹677m
Dec 31 2021	n/a	n/a	₹676m
Sep 30 2021	n/a	n/a	₹510m
Jun 30 2021	n/a	n/a	₹110m
Mar 31 2021	₹9m	n/a	-₹187m
Dec 31 2020	n/a	n/a	-₹416m
Sep 30 2020	n/a	n/a	-₹429m
Jun 30 2020	n/a	n/a	-₹230m
Mar 31 2020	₹9m	n/a	-₹6m
Dec 31 2019	n/a	n/a	₹112m
Sep 30 2019	n/a	n/a	₹143m
Jun 30 2019	n/a	n/a	₹201m
Mar 31 2019	₹9m	₹8m	₹212m
Dec 31 2018	n/a	n/a	₹186m
Sep 30 2018	n/a	n/a	₹277m
Jun 30 2018	n/a	n/a	₹357m
Mar 31 2018	₹9m	₹8m	₹464m

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

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

CEO

Deepak Chiripal (44 yo)

18.1yrs

Tenure

₹8,400,000

Compensation

Mr. Deepak J. Chiripal has been the Chief Executive Officer of Nandan Denim Limited (formerly, Nandan Exim Ltd) since April 1, 2006. Mr. Chiripal served as Managing Director of Nandan Exim Ltd. Mr. Chiripa...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Shaktidan Gadhavi	Whole-Time Director	2.8yrs	₹647.00k	no data
Jyotiprasad Chiripal	MD & Executive Chairman	6.9yrs	no data	1.31% ₹ 73.8m
Deepak Chiripal	Chief Executive Officer	18.1yrs	₹8.40m	0.27% ₹ 15.2m
Suresh Maheshwari	Chief Financial Officer	less than a year	₹429.00k	no data
Vimal Agarwal	Senior Manager of Accounts	no data	no data	no data
Rinku Patel	Company Secretary & Compliance Officer	less than a year	no data	no data
. Venkatpathy	Chief People Officer	no data	no data	no data
Devenderkumar Jain	Head of Marketing (Export)	no data	no data	no data
Amrish Narayan	Head of Business (Shirting)	no data	no data	no data

2.8yrs

Average Tenure

65yo

Average Age

Experienced Management: 532641's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Shaktidan Gadhavi	Whole-Time Director	3.4yrs	₹647.00k	no data
Jyotiprasad Chiripal	MD & Executive Chairman	6.9yrs	no data	1.31% ₹ 73.8m
Rahul Mehta	Independent Non-Executive Director	1.8yrs	₹50.00k	no data
Kiritkumar Joshi	Independent Non-Executive Director	1.8yrs	₹100.00k	no data
Giraj Sharma	Non-Executive Independent Director	9.5yrs	₹200.00k	no data
Nalini Nageswaran	Additional Independent Director	less than a year	no data	no data

2.6yrs

Average Tenure

66.5yo

Average Age

Experienced Board: 532641's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

Nandan Denim Management

Management criteria checks 2/4

Key information

Recent management updates

Nandan Denim Limited Appoints Rinku Patel as Company Secretary and Compliance Officer

Nandan Denim Limited Announces Resignation of Renuka A. Upadhyay as Company Secretary and Compliance Officer

Nandan Denim Limited, Annual General Meeting, Aug 28, 2023

Nandan Denim Limited Announces Directorate Changes

Nandan Denim Limited Appoints Renuka A. Upadhyay as Company Secretary & Compliance Officer and Key Managerial Personnel

Nandan Denim Limited Announces Resignation of Vedprakash Devkinandan Chiripal as Director

Recent updates

Investor sentiment improves as stock rises 21%

New minor risk - Share price stability

Investor sentiment improves as stock rises 20%

Investor sentiment improves as stock rises 16%

Third quarter 2024 earnings released: EPS: ₹0.55 (vs ₹0.93 loss in 3Q 2023)

Nandan Denim Limited to Report Q3, 2024 Results on Feb 12, 2024

Second quarter 2024 earnings released: EPS: ₹0.57 (vs ₹0.04 in 2Q 2023)

Nandan Denim Limited Appoints Rinku Patel as Company Secretary and Compliance Officer

New minor risk - Share price stability

Nandan Denim Limited to Report Q2, 2024 Results on Nov 09, 2023

Nandan Denim Limited Announces Resignation of Renuka A. Upadhyay as Company Secretary and Compliance Officer

First quarter 2024 earnings released: EPS: ₹0.12 (vs ₹0.73 in 1Q 2023)

Nandan Denim Limited, Annual General Meeting, Aug 28, 2023

Nandan Denim Limited to Report Q1, 2024 Results on Aug 04, 2023

Full year 2023 earnings released: EPS: ₹0.06 (vs ₹4.71 in FY 2022)

Nandan Denim Limited Announces Directorate Changes

Nandan Denim Limited to Report Q4, 2023 Results on May 29, 2023

Investor sentiment improves as stock rises 28%

Now 20% undervalued after recent price drop

Nandan Denim Limited Appoints Renuka A. Upadhyay as Company Secretary & Compliance Officer and Key Managerial Personnel

Third quarter 2023 earnings released: ₹0.93 loss per share (vs ₹1.37 profit in 3Q 2022)

Nandan Denim Limited to Report Q3, 2023 Results on Feb 09, 2023

Second quarter 2023 earnings released: EPS: ₹0.04 (vs ₹1.54 in 2Q 2022)

Nandan Denim Limited Announces Resignation of Vedprakash Devkinandan Chiripal as Director

Nandan Denim Limited Announces Resignation of Akshit Soni as Company Secretary and Compliance Officer

Investor sentiment improved over the past week

Less than half of directors are independent

First quarter 2023 earnings released: EPS: ₹0.73 (vs ₹0.72 in 1Q 2022)

Nandan Denim Limited to Report Q1, 2023 Results on Aug 13, 2022

Investor sentiment improved over the past week

Nandan Denim Limited Announces Resignation of Purvee Roy as Company Secretary and Compliance Officer

Full year 2022 earnings released: EPS: ₹4.70 (vs ₹1.30 loss in FY 2021)

Investor sentiment deteriorated over the past week

Nandan Denim Limited Announces Resignation of Mehul Shah as Chief Financial Officer

Investor sentiment deteriorated over the past week

Now 20% undervalued

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

Investor sentiment improved over the past week

Chief Financial Officer Ashok Bothra has left the company

Second quarter 2022 earnings released: EPS ₹4.63 (vs ₹3.68 loss in 2Q 2021)

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS ₹2.17 (vs ₹4.02 loss in 1Q 2021)

Full year 2021 earnings released: ₹3.90 loss per share (vs ₹0.11 loss in FY 2020)

New 90-day high: ₹34.00

Third quarter 2021 earnings released: EPS ₹0.63 (vs ₹0.35 in 3Q 2020)

Nandan Denim Limited to Report Q3, 2021 Results on Feb 13, 2021

New 90-day high: ₹29.70

Nandan Denim Limited Approves Appointment of Shaktidan Gadhavi as an Additional Director of the Company with Effect from December 28, 2020

Nandan Denim Limited Announces Resignation of Mr. Joy Christian as Whole -Time Director

New 90-day high: ₹22.70

Nandan Denim Limited to Report First Half, 2021 Results on Nov 13, 2020

New 90-day low: ₹19.15

Nandan Denim Limited to Report Q1, 2021 Results on Sep 05, 2020

First quarter earnings released

New 90-day high - ₹24.95

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age