NHC Foods Management

Management criteria checks 4/4

NHC Foods' CEO is Apoorva Shah, appointed in Nov 2010, has a tenure of 13.92 years. total yearly compensation is ₹4.50M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 33.53% of the company’s shares, worth ₹240.06M. The average tenure of the management team and the board of directors is 2 years and 4.3 years respectively.

Key information

Apoorva Shah

Chief executive officer

₹4.5m

Total compensation

CEO salary percentage	100.0%
CEO tenure	13.9yrs
CEO ownership	33.5%
Management average tenure	2yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Apoorva Shah's remuneration changed compared to NHC Foods's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	₹39m
Mar 31 2024	₹4m	₹4m	₹23m
Dec 31 2023	n/a	n/a	₹20m
Sep 30 2023	n/a	n/a	₹19m
Jun 30 2023	n/a	n/a	₹18m
Mar 31 2023	₹4m	₹4m	₹18m
Dec 31 2022	n/a	n/a	₹16m
Sep 30 2022	n/a	n/a	₹16m
Jun 30 2022	n/a	n/a	₹15m
Mar 31 2022	₹4m	n/a	₹15m
Dec 31 2021	n/a	n/a	₹13m
Sep 30 2021	n/a	n/a	₹13m
Jun 30 2021	n/a	n/a	₹13m
Mar 31 2021	₹4m	₹4m	₹14m
Dec 31 2020	n/a	n/a	₹15m
Sep 30 2020	n/a	n/a	₹14m
Jun 30 2020	n/a	n/a	₹14m
Mar 31 2020	₹4m	₹4m	₹14m
Dec 31 2019	n/a	n/a	₹18m
Sep 30 2019	n/a	n/a	₹18m
Jun 30 2019	n/a	n/a	₹16m
Mar 31 2019	₹4m	₹4m	₹13m
Dec 31 2018	n/a	n/a	₹5m
Sep 30 2018	n/a	n/a	₹5m
Jun 30 2018	n/a	n/a	₹2m
Mar 31 2018	₹4m	₹4m	₹2m

Compensation vs Market: Apoorva's total compensation ($USD53.55K) is about average for companies of similar size in the Indian market ($USD42.87K).

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

CEO

Apoorva Shah (58 yo)

13.9yrs

Tenure

₹4,499,096

Compensation

Mr. Apoorva Himatlal Shah serves as Executive Chairman at NHC Foods Limited and Managing Director since November 13, 2010 and serves as its Chief Executive Officer. Before that, Mr. Shah served as Director...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Apoorva Shah	Executive Chairman	13.9yrs	₹4.50m	33.53% ₹ 244.4m
Apar Shah	Whole Time Director	3.3yrs	₹3.82m	no data
Archit Wahale	Chief Financial Officer	less than a year	no data	no data
Alesha Khan	Company Secretary & Compliance Officer	less than a year	no data	no data

2.0yrs

Average Tenure

Experienced Management: 517554's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Apoorva Shah	Executive Chairman	14.1yrs	₹4.50m	33.53% ₹ 244.4m
Apar Shah	Whole Time Director	3.3yrs	₹3.82m	no data
Ashish Shah	Additional Non-Executive Non Independent Director	1.3yrs	no data	no data
Manish Vyas	Independent Non Executive Director	5.3yrs	₹38.50k	no data
Neha Dhanuka	Independent Non Executive Director	5.3yrs	₹38.50k	no data
Karan Nagdev	Additional Non Executive Independent Director	less than a year	no data	no data

4.3yrs

Average Tenure

37yo

Average Age

Experienced Board: 517554's board of directors are considered experienced (4.3 years average tenure).

NHC Foods Management

Management criteria checks 4/4

Key information

Recent management updates

Less than half of directors are independent

NHC Foods Limited, Annual General Meeting, Sep 27, 2024

NHC Foods Limited Announces Management Changes

NHC Foods Limited Announces Resignation of Ritesh Kumar Gupta as Non-Executive Non-Independent Director

NHC Foods Limited Appoints Archit Wahale, as Chief Financial Officer

NHC Foods Limited Announces Resignation of Akansh Shah as Chief Financial Officer

Recent updates

First quarter 2025 earnings released: EPS: ₹0.17 (vs ₹0.034 in 1Q 2024)

NHC Foods Limited has filed a Follow-on Equity Offering in the amount of INR 490 million.

NHC Foods Limited has filed a Follow-on Equity Offering in the amount of INR 490 million.

Less than half of directors are independent

NHC Foods Limited, Annual General Meeting, Sep 27, 2024

Investor sentiment improves as stock rises 20%

NHC Foods Limited Announces Management Changes

First quarter 2025 earnings released: EPS: ₹0.17 (vs ₹0.034 in 1Q 2024)

NHC Foods Limited to Report Q1, 2025 Results on Aug 12, 2024

Investor sentiment improves as stock rises 25%

New minor risk - Share price stability

Investor sentiment improves as stock rises 17%

NHC Foods Limited Announces Resignation of Ritesh Kumar Gupta as Non-Executive Non-Independent Director

Investor sentiment improves as stock rises 20%

Investor sentiment deteriorates as stock falls 16%

NHC Foods Limited Appoints Archit Wahale, as Chief Financial Officer

Third quarter 2024 earnings released: EPS: ₹0.37 (vs ₹0.24 in 3Q 2023)

Investor sentiment improves as stock rises 15%

NHC Foods Limited Announces Resignation of Akansh Shah as Chief Financial Officer

NHC Foods Limited Announces Change in Directorate

Second quarter 2024 earnings released: EPS: ₹0.37 (vs ₹0.34 in 2Q 2023)

NHC Foods Limited Appoints Shanu Bhandari as Company Secretary and Compliance Officer

NHC Foods Limited to Report Q2, 2024 Results on Nov 08, 2023

NHC Foods Limited, Annual General Meeting, Sep 15, 2023

NHC Foods Limited Announces Resignation of Mrs. Shivani Singh as Company Secretary & Compliance Officer

First quarter 2024 earnings released: EPS: ₹0.34 (vs ₹0.29 in 1Q 2023)

NHC Foods Limited Announces Resignation of Shivani Singh as Company Secretary and Compliance Officer

NHC Foods Limited to Report Q1, 2024 Results on Aug 10, 2023

NHC Foods Limited Appoints Akansh Bharat Shah as Chief Financial Officer

Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 16%

Third quarter 2023 earnings released: EPS: ₹0.24 (vs ₹0.20 in 3Q 2022)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

NHC Foods Limited to Report Q2, 2023 Results on Nov 14, 2022

Investor sentiment improved over the past week

NHC Foods Limited, Annual General Meeting, Sep 30, 2022

NHC Foods Limited to Report Q1, 2023 Results on Aug 10, 2022

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

NHC Foods Limited to Report Q3, 2022 Results on Feb 10, 2022

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Whole-Time Director Alpa Shah has left the company

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS ₹0.25 (vs ₹0.20 in 3Q 2020)

NHC Foods Limited to Report Q3, 2021 Results on Feb 13, 2021

Investor sentiment deteriorated over the past week

New 90-day low: ₹5.78

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Market bids up stock over the past week

Market bids up stock over the past week

NHC Foods Limited to Report Q2, 2021 Results on Nov 11, 2020

Market pulls back on stock over the past week

NHC Foods Limited to Report Q1, 2020 Results on Aug 14, 2020

New 90-day high - ₹6.95

New 90-day high - ₹6.38

New 90-day high - ₹6.20