We Think The Compensation For JSW Holdings Limited's (NSE:JSWHL) CEO Looks About Right
Key Insights
- JSW Holdings' Annual General Meeting to take place on 31st of July
- CEO Manoj Mohta's total compensation includes salary of ₹17.6m
- The overall pay is comparable to the industry average
- JSW Holdings' EPS grew by 8.9% over the past three years while total shareholder return over the past three years was 546%
CEO Manoj Mohta has done a decent job of delivering relatively good performance at JSW Holdings Limited (NSE:JSWHL) recently. As shareholders go into the upcoming AGM on 31st of July, CEO compensation will probably not be their focus, but rather the steps management will take to continue the growth momentum. We present our case of why we think CEO compensation looks fair.
See our latest analysis for JSW Holdings
Comparing JSW Holdings Limited's CEO Compensation With The Industry
Our data indicates that JSW Holdings Limited has a market capitalization of ₹241b, and total annual CEO compensation was reported as ₹23m for the year to March 2025. We note that's an increase of 18% above last year. We note that the salary portion, which stands at ₹17.6m constitutes the majority of total compensation received by the CEO.
On examining similar-sized companies in the Indian Diversified Financial industry with market capitalizations between ₹173b and ₹553b, we discovered that the median CEO total compensation of that group was ₹23m. From this we gather that Manoj Mohta is paid around the median for CEOs in the industry. Furthermore, Manoj Mohta directly owns ₹33m worth of shares in the company, implying that they are deeply invested in the company's success.
| Component | 2025 | 2024 | Proportion (2025) |
| Salary | ₹18m | ₹19m | 78% |
| Other | ₹4.9m | - | 22% |
| Total Compensation | ₹23m | ₹19m | 100% |
Speaking on an industry level, all of total compensation represents salary, while non-salary remuneration is completely ignored. JSW Holdings pays a modest slice of remuneration through salary, as compared to the broader industry. 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.
A Look at JSW Holdings Limited's Growth Numbers
JSW Holdings Limited's earnings per share (EPS) grew 8.9% per year over the last three years. Its revenue is up 46% over the last year.
It's hard to interpret the strong revenue growth as anything other than a positive. Combined with modest EPS growth, we get a good impression of the company. So while we'd stop short of saying growth is absolutely outstanding, there are definitely some clear positives! Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.
Has JSW Holdings Limited Been A Good Investment?
We think that the total shareholder return of 546%, over three years, would leave most JSW Holdings Limited shareholders smiling. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.
To Conclude...
Seeing that the company has put up a decent performance, only a few shareholders, if any at all, might have questions about the CEO pay in the upcoming AGM. In saying that, any proposed increase to CEO compensation will still be assessed on how reasonable it is based on performance and industry benchmarks.
Shareholders may want to check for free if JSW Holdings insiders are buying or selling shares.
Switching gears from JSW Holdings, 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.
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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.