Shareholders Will Probably Hold Off On Increasing Gokaldas Exports Limited's (NSE:GOKEX) CEO Compensation For The Time Being
Key Insights
- Gokaldas Exports' Annual General Meeting to take place on 16th of September
- Total pay for CEO Siva Ganapathi includes ₹45.9m salary
- The total compensation is 212% higher than the average for the industry
- Gokaldas Exports' EPS declined by 6.6% over the past three years while total shareholder return over the past three years was 108%
Under the guidance of CEO Siva Ganapathi, Gokaldas Exports Limited (NSE:GOKEX) has performed reasonably well recently. As shareholders go into the upcoming AGM on 16th of September, CEO compensation will probably not be their focus, but rather the steps management will take to continue the growth momentum. However, some shareholders will still be cautious of paying the CEO excessively.
See our latest analysis for Gokaldas Exports
How Does Total Compensation For Siva Ganapathi Compare With Other Companies In The Industry?
According to our data, Gokaldas Exports Limited has a market capitalization of ₹55b, and paid its CEO total annual compensation worth ₹125m over the year to March 2025. That's a notable increase of 44% on last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at ₹46m.
On comparing similar companies from the Indian Luxury industry with market caps ranging from ₹35b to ₹141b, we found that the median CEO total compensation was ₹40m. Hence, we can conclude that Siva Ganapathi is remunerated higher than the industry median. Moreover, Siva Ganapathi also holds ₹1.1b worth of Gokaldas Exports stock directly under their own name, which reveals to us that they have a significant personal stake in the company.
| Component | 2025 | 2024 | Proportion (2025) |
| Salary | ₹46m | ₹29m | 37% |
| Other | ₹79m | ₹58m | 63% |
| Total Compensation | ₹125m | ₹87m | 100% |
Speaking on an industry level, nearly 98% of total compensation represents salary, while the remainder of 2% is other remuneration. Gokaldas Exports pays a modest slice of remuneration through salary, as compared to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.
Gokaldas Exports Limited's Growth
Over the last three years, Gokaldas Exports Limited has shrunk its earnings per share by 6.6% per year. Its revenue is up 39% over the last year.
Investors would be a bit wary of companies that have lower EPS But in contrast the revenue growth is strong, suggesting future potential for EPS growth. These two metrics are moving in different directions, so while it's hard to be confident judging performance, we think the stock is worth watching. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.
Has Gokaldas Exports Limited Been A Good Investment?
Most shareholders would probably be pleased with Gokaldas Exports Limited for providing a total return of 108% over three years. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.
In Summary...
The overall company performance has been commendable, however there are still areas for improvement. 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 one thing, but it is also interesting to check if the CEO is buying or selling Gokaldas Exports (free visualization of insider trades).
Switching gears from Gokaldas Exports, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.
Valuation is complex, but we're here to simplify it.
Discover if Gokaldas Exports might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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.