Karnavati Finance Limited

BSE:538928 Stock Report

Market Cap: ₹220.1m

Karnavati Finance Management

Management criteria checks 4/4

Karnavati Finance's CEO is Jay Morzaria, appointed in Jul 2014, has a tenure of 10.5 years. total yearly compensation is ₹1.20M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 11.52% of the company’s shares, worth ₹25.35M. The average tenure of the management team and the board of directors is 8.7 years and 6.4 years respectively.

Key information

Jay Morzaria

Chief executive officer

₹1.2m

Total compensation

CEO salary percentage100.0%
CEO tenure10.5yrs
CEO ownership11.5%
Management average tenure8.7yrs
Board average tenure6.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jay Morzaria's remuneration changed compared to Karnavati Finance's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

-₹12m

Mar 31 2024₹1m₹1m

-₹17m

Dec 31 2023n/an/a

-₹21m

Sep 30 2023n/an/a

-₹794k

Jun 30 2023n/an/a

₹251k

Mar 31 2023₹1m₹1m

₹6m

Dec 31 2022n/an/a

₹28m

Sep 30 2022n/an/a

₹18m

Jun 30 2022n/an/a

₹7m

Mar 31 2022₹1m₹1m

₹3m

Dec 31 2021n/an/a

-₹12m

Sep 30 2021n/an/a

-₹3m

Jun 30 2021n/an/a

-₹2m

Mar 31 2021₹1mn/a

₹1m

Dec 31 2020n/an/a

-₹3m

Sep 30 2020n/an/a

₹5m

Jun 30 2020n/an/a

₹936k

Mar 31 2020₹600k₹600k

₹1m

Dec 31 2019n/an/a

₹8m

Sep 30 2019n/an/a

-₹2m

Jun 30 2019n/an/a

₹7m

Mar 31 2019₹600k₹600k

₹7m

Dec 31 2018n/an/a

₹2m

Sep 30 2018n/an/a

₹6m

Jun 30 2018n/an/a

₹6m

Mar 31 2018₹375k₹375k

₹6m

Compensation vs Market: Jay's total compensation ($USD14.00K) is below average for companies of similar size in the Indian market ($USD42.04K).

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

CEO

Jay Morzaria (35 yo)

10.5yrs

Tenure

₹1,200,000

Compensation

Mr. Jay Ramanbhai Morzaria has been Managing Director and Director at Karnavati Finance Limited since July 1, 2014 and September 15, 2010 respectively. He served as the Chairman at Karnavati Finance Ltd. M...

Leadership Team

NamePositionTenureCompensationOwnership
Jay Morzaria
MD & Director10.5yrs₹1.20m11.52%
₹ 25.3m
Ramanbhai Morzaria
Whole-Time Director23.3yrs₹900.00k29.24%
₹ 64.4m
Kush Morzaria
Chief Financial Officer6.8yrs₹300.00k14.71%
₹ 32.4m
Akanksha Rai
Company Secretary & Compliance Officer4.3yrs₹180.00kno data

8.7yrs

Average Tenure

34yo

Average Age

Experienced Management: 538928's management team is seasoned and experienced (8.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jay Morzaria
MD & Director14.3yrs₹1.20m11.52%
₹ 25.3m
Ramanbhai Morzaria
Whole-Time Director23.3yrs₹900.00k29.24%
₹ 64.4m
Vineshkumar Makadia
Non-Executive Non Independent Director4yrsno datano data
Birmda Bilimoria
Non-Executive Independent Women Director6.4yrsno datano data
Parth Maniar
Non-Executive Independent Director6.3yrsno datano data
Ashish Batavia
Non-Executive Chairman of Board1.6yrsno datano data

6.4yrs

Average Tenure

41.5yo

Average Age

Experienced Board: 538928's board of directors are considered experienced (6.4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 06:38
End of Day Share Price 2025/01/02 00:00
Earnings2024/06/30
Annual Earnings2024/03/31

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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

Karnavati Finance Limited is covered by 0 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