Welspun Living Limited's (NSE:WELSPUNLIV) CEO Looks Like They Deserve Their Pay Packet
Key Insights
- Welspun Living will host its Annual General Meeting on 8th of September
- CEO Dipali Goenka's total compensation includes salary of ₹31.0m
- The overall pay is comparable to the industry average
- Over the past three years, Welspun Living's EPS grew by 11% and over the past three years, the total shareholder return was 51%
We have been pretty impressed with the performance at Welspun Living Limited (NSE:WELSPUNLIV) recently and CEO Dipali Goenka deserves a mention for their role in it. Coming up to the next AGM on 8th of September, shareholders would be keeping this in mind. It is likely that the focus will be on company strategy going forward as shareholders hear from the board and cast their votes on resolutions such as executive remuneration and other matters. Here is our take on why we think CEO compensation is not extravagant.
View our latest analysis for Welspun Living
Comparing Welspun Living Limited's CEO Compensation With The Industry
Our data indicates that Welspun Living Limited has a market capitalization of ₹107b, and total annual CEO compensation was reported as ₹41m for the year to March 2025. There was no change in the compensation compared to last year. Notably, the salary which is ₹31.0m, represents most of the total compensation being paid.
On examining similar-sized companies in the Indian Luxury industry with market capitalizations between ₹88b and ₹282b, we discovered that the median CEO total compensation of that group was ₹38m. From this we gather that Dipali Goenka is paid around the median for CEOs in the industry. Moreover, Dipali Goenka also holds ₹82m worth of Welspun Living 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 | ₹31m | ₹31m | 75% |
| Other | ₹10m | ₹10m | 25% |
| Total Compensation | ₹41m | ₹41m | 100% |
On an industry level, around 98% of total compensation represents salary and 2% is other remuneration. Welspun Living pays a modest slice of remuneration through salary, as compared to the broader industry. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.
Welspun Living Limited's Growth
Over the past three years, Welspun Living Limited has seen its earnings per share (EPS) grow by 11% per year. Its revenue is up 2.4% over the last year.
Shareholders would be glad to know that the company has improved itself over the last few years. It's good to see a bit of revenue growth, as this suggests the business is able to grow sustainably. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.
Has Welspun Living Limited Been A Good Investment?
We think that the total shareholder return of 51%, over three years, would leave most Welspun Living Limited shareholders smiling. 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.
To Conclude...
The company's solid performance might have made most shareholders happy, possibly making CEO remuneration the least of the matters to be discussed in the AGM. Instead, investors might be more interested in discussions that would help manage their longer-term growth expectations such as company business strategies and future growth potential.
CEO compensation is a crucial aspect to keep your eyes on but investors also need to keep their eyes open for other issues related to business performance. We did our research and spotted 1 warning sign for Welspun Living that investors should look into moving forward.
Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.
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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.