Shareholders May Be More Conservative With Ginni Filaments Limited's (NSE:GINNIFILA) CEO Compensation For Now

Key Insights

• Ginni Filaments will host its Annual General Meeting on 26th of September
• Salary of ₹14.2m is part of CEO Shishir Jaipuria's total remuneration
• Total compensation is 337% above industry average
• Ginni Filaments' total shareholder return over the past three years was 22% while its EPS was down 28% over the past three years

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CEO Shishir Jaipuria has done a decent job of delivering relatively good performance at Ginni Filaments Limited (NSE:GINNIFILA) recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 26th of September. However, some shareholders will still be cautious of paying the CEO excessively.

See our latest analysis for Ginni Filaments

Comparing Ginni Filaments Limited's CEO Compensation With The Industry

According to our data, Ginni Filaments Limited has a market capitalization of ₹3.8b, and paid its CEO total annual compensation worth ₹16m over the year to March 2025. That's a notable decrease of 37% on last year. In particular, the salary of ₹14.2m, makes up a huge portion of the total compensation being paid to the CEO.

On comparing similar-sized companies in the Indian Luxury industry with market capitalizations below ₹18b, we found that the median total CEO compensation was ₹3.6m. Accordingly, our analysis reveals that Ginni Filaments Limited pays Shishir Jaipuria north of the industry median. What's more, Shishir Jaipuria holds ₹864m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

Component	2025	2024	Proportion (2025)
Salary	₹14m	₹23m	91%
Other	₹1.5m	₹1.8m	9%
Total Compensation	₹16m	₹25m	100%

Speaking on an industry level, nearly 99% of total compensation represents salary, while the remainder of 1% is other remuneration. There isn't a significant difference between Ginni Filaments and the broader market, in terms of salary allocation in the overall compensation package. If salary is the major component in total compensation, it suggests that the CEO receives a higher fixed proportion of the total compensation, regardless of performance.

Ginni Filaments Limited's Growth

Ginni Filaments Limited has reduced its earnings per share by 28% a year over the last three years. Its revenue is up 19% over the last year.

The decrease in EPS could be a concern for some investors. On the other hand, the strong revenue growth suggests the business is growing. In conclusion we can't form a strong opinion about business performance yet; but it's one worth watching. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.

Has Ginni Filaments Limited Been A Good Investment?

Ginni Filaments Limited has generated a total shareholder return of 22% over three years, so most shareholders would be reasonably content. But they probably don't want to see the CEO paid more than is normal for companies around the same size.

In Summary...

Some shareholders will be pleased by the relatively good results, however, the results could still be improved. EPS growth is still weak, and until that picks up, shareholders may find it hard to approve a pay rise for the CEO, since they are already paid above the average in their industry.

CEO compensation is an important area to keep your eyes on, but we've also need to pay attention to other attributes of the company. We did our research and identified 3 warning signs (and 1 which makes us a bit uncomfortable) in Ginni Filaments we think you should know about.

Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.