The Ruby Mills Limited

NSEI:RUBYMILLS Stock Report

Market Cap: ₹8.2b

Ruby Mills Management

Management criteria checks 3/4

Ruby Mills' CEO is Purav Shah, appointed in Nov 2016, has a tenure of 9.5 years. total yearly compensation is ₹14.10M, comprised of 88.7% salary and 11.3% bonuses, including company stock and options. directly owns 2.3% of the company’s shares, worth ₹188.69M. The average tenure of the management team and the board of directors is 7.5 years and 8.5 years respectively.

Key information

Purav Shah

Chief executive officer

₹14.1m

Total compensation

CEO salary percentage88.68%
CEO tenure9.5yrs
CEO ownership2.3%
Management average tenure7.5yrs
Board average tenure8.5yrs

Recent management updates

Analysis Article • Sep 03

Here's Why Shareholders May Want To Be Cautious With Increasing The Ruby Mills Limited's (NSE:RUBYMILLS) CEO Pay Packet

Key Insights Ruby Mills' Annual General Meeting to take place on 9th of September CEO Purav Shah's total compensation...
Analysis Article • Sep 14

Increases to CEO Compensation Might Be Put On Hold For Now at The Ruby Mills Limited (NSE:RUBYMILLS)

Key Insights Ruby Mills will host its Annual General Meeting on 20th of September CEO Purav Shah's total compensation...

Recent updates

Analysis Article • Sep 03

Here's Why Shareholders May Want To Be Cautious With Increasing The Ruby Mills Limited's (NSE:RUBYMILLS) CEO Pay Packet

Key Insights Ruby Mills' Annual General Meeting to take place on 9th of September CEO Purav Shah's total compensation...
Analysis Article • Mar 07

Ruby Mills (NSE:RUBYMILLS) Is Doing The Right Things To Multiply Its Share Price

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
Analysis Article • Feb 12

If EPS Growth Is Important To You, Ruby Mills (NSE:RUBYMILLS) Presents An Opportunity

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Jan 14

Little Excitement Around The Ruby Mills Limited's (NSE:RUBYMILLS) Earnings As Shares Take 29% Pounding

The Ruby Mills Limited ( NSE:RUBYMILLS ) shares have had a horrible month, losing 29% after a relatively good period...
Analysis Article • Dec 13

These 4 Measures Indicate That Ruby Mills (NSE:RUBYMILLS) Is Using Debt Safely

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Nov 14

Investors Will Want Ruby Mills' (NSE:RUBYMILLS) Growth In ROCE To Persist

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...
Analysis Article • Oct 23

Here's Why We Think Ruby Mills (NSE:RUBYMILLS) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Sep 14

Increases to CEO Compensation Might Be Put On Hold For Now at The Ruby Mills Limited (NSE:RUBYMILLS)

Key Insights Ruby Mills will host its Annual General Meeting on 20th of September CEO Purav Shah's total compensation...
Analysis Article • Aug 28

The Ruby Mills Limited's (NSE:RUBYMILLS) Price Is Right But Growth Is Lacking After Shares Rocket 29%

Despite an already strong run, The Ruby Mills Limited ( NSE:RUBYMILLS ) shares have been powering on, with a gain of...
Analysis Article • Aug 03

The Return Trends At Ruby Mills (NSE:RUBYMILLS) Look Promising

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Analysis Article • Jul 05

Improved Earnings Required Before The Ruby Mills Limited (NSE:RUBYMILLS) Stock's 26% Jump Looks Justified

The Ruby Mills Limited ( NSE:RUBYMILLS ) shareholders would be excited to see that the share price has had a great...
Analysis Article • Apr 04

Returns At Ruby Mills (NSE:RUBYMILLS) Are On The Way Up

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Mar 14

A Look At The Intrinsic Value Of The Ruby Mills Limited (NSE:RUBYMILLS)

Key Insights The projected fair value for Ruby Mills is ₹176 based on 2 Stage Free Cash Flow to Equity Ruby Mills' ₹187...
Analysis Article • Aug 09

Returns At Ruby Mills (NSE:RUBYMILLS) Appear To Be Weighed Down

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Apr 08

The Returns At Ruby Mills (NSE:RUBYMILLS) Aren't Growing

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • Mar 17

Does Ruby Mills (NSE:RUBYMILLS) Deserve A Spot On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Dec 26

Ruby Mills (NSE:RUBYMILLS) Is Doing The Right Things To Multiply Its Share Price

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
Analysis Article • Sep 17

Here's Why Shareholders May Want To Be Cautious With Increasing The Ruby Mills Limited's (NSE:RUBYMILLS) CEO Pay Packet

Performance at The Ruby Mills Limited ( NSE:RUBYMILLS ) has been reasonably good and CEO Purav Shah has done a decent...
Analysis Article • Aug 03

With EPS Growth And More, Ruby Mills (NSE:RUBYMILLS) Makes An Interesting Case

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Jun 21

We Think Ruby Mills (NSE:RUBYMILLS) Can Stay On Top Of Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jun 03

Ruby Mills (NSE:RUBYMILLS) Will Be Hoping To Turn Its Returns On Capital Around

To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
Analysis Article • Apr 06

Does Ruby Mills (NSE:RUBYMILLS) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Feb 27

Returns On Capital Signal Tricky Times Ahead For Ruby Mills (NSE:RUBYMILLS)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Nov 23

Ruby Mills (NSE:RUBYMILLS) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

The Ruby Mills Limited ( NSE:RUBYMILLS ) announced strong profits, but the stock was stagnant. Our analysis suggests...
Analysis Article • Aug 11

Is Ruby Mills (NSE:RUBYMILLS) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Jun 11

Ruby Mills (NSE:RUBYMILLS) Has Some Difficulty Using Its Capital Effectively

When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
Analysis Article • Mar 23

Is Ruby Mills (NSE:RUBYMILLS) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article • Jan 13

Are Investors Concerned With What's Going On At Ruby Mills (NSE:RUBYMILLS)?

To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Analysis Article • Dec 23

Does Ruby Mills (NSE:RUBYMILLS) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

CEO Compensation Analysis

How has Purav Shah's remuneration changed compared to Ruby Mills's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

₹485m

Sep 30 2025n/an/a

₹538m

Jun 30 2025n/an/a

₹456m

Mar 31 2025₹14m₹13m

₹423m

Dec 31 2024n/an/a

₹424m

Sep 30 2024n/an/a

₹388m

Jun 30 2024n/an/a

₹460m

Mar 31 2024₹14m₹13m

₹445m

Dec 31 2023n/an/a

₹395m

Sep 30 2023n/an/a

₹352m

Jun 30 2023n/an/a

₹328m

Mar 31 2023₹11m₹10m

₹352m

Dec 31 2022n/an/a

₹440m

Sep 30 2022n/an/a

₹437m

Jun 30 2022n/an/a

₹402m

Mar 31 2022₹5m₹5m

₹310m

Dec 31 2021n/an/a

₹311m

Sep 30 2021n/an/a

₹321m

Jun 30 2021n/an/a

₹269m

Mar 31 2021₹4m₹3m

₹258m

Dec 31 2020n/an/a

₹151m

Sep 30 2020n/an/a

₹161m

Jun 30 2020n/an/a

₹242m

Mar 31 2020₹7m₹6m

₹277m

Compensation vs Market: Purav's total compensation ($USD149.68K) is above average for companies of similar size in the Indian market ($USD43.03K).

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

CEO

Purav Shah (45 yo)

9.5yrs
Tenure
₹14,100,480
Compensation

Mr. Purav Hiren Shah has been Chief Executive Officer of The Ruby Mills Limited since November 10, 2016 and is its Whole-Time Director since September 28, 2018. Mr. Shah served as Company Secretary and Com...

Leadership Team

NamePositionTenureCompensationOwnership
Hiren Shah
Executive Chairman of the Board48.6yrs₹20.15m6.21%
₹ 509.4m
Purav Shah
CEO, CFO & Whole Time Director9.5yrs₹14.10m2.3%
₹ 188.7m
Rishabh Shah
President7yrs₹12.76m1.87%
₹ 153.7m
Viraj Shah
MD & Executive Directorno data₹20.14m5.46%
₹ 447.8m
Bharat Shah
MD & Executive Directorno data₹20.14m6.04%
₹ 495.3m
Yash Dhuru
Accounts Headno datano datano data
Anuradha Tendulkar
Company Secretary & Compliance Officer4yrs₹300.00kno data
Anilkumar Narkhede
Vice Presidentno datano datano data
7.5yrs
Average Tenure
63.5yo
Average Age

Experienced Management: RUBYMILLS's management team is seasoned and experienced (7.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Hiren Shah
Executive Chairman of the Board48.6yrs₹20.15m6.21%
₹ 509.4m
Purav Shah
CEO, CFO & Whole Time Director8.4yrs₹14.10m2.3%
₹ 188.7m
Viraj Shah
MD & Executive Director31.5yrs₹20.14m5.46%
₹ 447.8m
Bharat Shah
MD & Executive Director31.5yrs₹20.14m6.04%
₹ 495.3m
Rahul Divan
Non Executive Independent Director5.7yrs₹560.00kno data
Aruna Shah
Chairman Emeritusno data₹157.50k7.94%
₹ 651.6m
Deepak Shah
Non Executive Non-Independent Director11.5yrs₹440.00kno data
Mehernosh Currawalla
Non-Executive Independent Director8.5yrs₹400.00k0.0060%
₹ 490.7k
Jasvanti Patel
Non-Executive Independent Director6.2yrs₹180.00kno data
Gurudas Aras
Non-Executive Independent Director1.7yrs₹160.00kno data
Paras Savla
Non Executive Independent Directorless than a yearno datano data
8.5yrs
Average Tenure
64yo
Average Age

Experienced Board: RUBYMILLS's board of directors are considered experienced (8.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 05:42
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Ruby Mills Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anil BurraFirstCall Research