Ugar Sugar Works Management

Management criteria checks 2/4

Ugar Sugar Works' CEO is Niraj Shirgaokar, appointed in Apr 2011, has a tenure of 13.08 years. total yearly compensation is ₹39.18M, comprised of 19.1% salary and 80.9% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth ₹17.78M. The average tenure of the management team and the board of directors is 3.3 years and 13.1 years respectively.

Key information

Niraj Shirgaokar

Chief executive officer

₹39.2m

Total compensation

CEO salary percentage	19.1%
CEO tenure	13.1yrs
CEO ownership	0.2%
Management average tenure	3.3yrs
Board average tenure	13.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Niraj Shirgaokar's remuneration changed compared to Ugar Sugar Works's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹690m
Sep 30 2023	n/a	n/a	₹685m
Jun 30 2023	n/a	n/a	₹882m
Mar 31 2023	₹39m	₹7m	₹1b
Dec 31 2022	n/a	n/a	₹526m
Sep 30 2022	n/a	n/a	₹583m
Jun 30 2022	n/a	n/a	₹659m
Mar 31 2022	₹23m	₹7m	₹433m
Dec 31 2021	n/a	n/a	₹501m
Sep 30 2021	n/a	n/a	₹205m
Jun 30 2021	n/a	n/a	₹125m
Mar 31 2021	₹20m	₹7m	₹171m
Dec 31 2020	n/a	n/a	₹353m
Sep 30 2020	n/a	n/a	₹392m
Jun 30 2020	n/a	n/a	₹378m
Mar 31 2020	₹14m	₹7m	₹138m
Dec 31 2019	n/a	n/a	₹167m
Sep 30 2019	n/a	n/a	₹7m
Jun 30 2019	n/a	n/a	-₹131m
Mar 31 2019	₹11m	₹8m	₹43m
Dec 31 2018	n/a	n/a	-₹403m
Sep 30 2018	n/a	n/a	-₹471m
Jun 30 2018	n/a	n/a	-₹629m
Mar 31 2018	₹9m	₹6m	-₹682m

Compensation vs Market: Niraj's total compensation ($USD469.38K) is above average for companies of similar size in the Indian market ($USD39.30K).

Compensation vs Earnings: Niraj's compensation has increased by more than 20% in the past year.

CEO

Niraj Shirgaokar (51 yo)

13.1yrs

Tenure

₹39,180,000

Compensation

Mr. Niraj Shishir Shirgaokar, B.E. (Com. Engg.), has been Managing Director of Ugar Sugar Works Ltd. since April 1, 2011 and served as its Vice President and is responsible for overseeing the operation & a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Niraj Shirgaokar	MD & Director	13.1yrs	₹39.18m	0.20% ₹ 17.8m
Chandan Shirgaokar	MD & Director	13.1yrs	₹64.71m	0.77% ₹ 69.0m
Shrikanta Bhat	CFO & Manager of Finance	3.3yrs	₹1.44m	0.0012% ₹ 108.5k
Balkrishna Kulkarni	Compliance Officer	less than a year	₹2.87m	no data
Tushar Deshpande	Company Secretary	3.3yrs	₹452.00k	no data

3.3yrs

Average Tenure

51yo

Average Age

Experienced Management: 530363's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Niraj Shirgaokar	MD & Director	13.1yrs	₹39.18m	0.20% ₹ 17.8m
Chandan Shirgaokar	MD & Director	13.1yrs	₹64.71m	0.77% ₹ 69.0m
Rakesh Kapoor	Non Executive Independent Director	10.3yrs	₹585.00k	0.0044% ₹ 398.0k
Rajendra Shirgaokar	Chairman Emeritus	no data	₹100.00k	1.39% ₹ 124.7m
Prafulla Shirgaokar	Non-Executive Director	29.8yrs	₹510.00k	0.73% ₹ 65.6m
Deepchand Shah	Non Executive Independent Director	19.2yrs	₹555.00k	0.027% ₹ 2.4m
Shishir Shirgaokar	Chairman of the Board	29.8yrs	₹510.00k	0.35% ₹ 31.4m
Mallappa Desai	Non Executive Independent Director	23.9yrs	₹630.00k	0.062% ₹ 5.5m
Venkatachalam Balasubramanian	Non Executive Independent Director	26.7yrs	₹600.00k	0.010% ₹ 892.7k
Shilpa Kumar	Non Executive Woman Director	9.2yrs	₹510.00k	0.14% ₹ 12.2m
Sohan Shirgaokar	Non Executive Director	10.3yrs	₹630.00k	0.23% ₹ 20.7m
Sachin Shirgaokar	Non Executive Director	10.3yrs	₹600.00k	1.34% ₹ 119.7m

13.1yrs

Average Tenure

72.5yo

Average Age

Experienced Board: 530363's board of directors are seasoned and experienced ( 13.1 years average tenure).

Ugar Sugar Works Management

Management criteria checks 2/4

Key information

Recent management updates

The Ugar Sugar Works Limited Announces Appointment of B. G. Kulkarni as Compliance Officer, Effective 15 April, 2024

CFO & Manager of Finance recently bought ₹559k worth of stock

MD & Director recently bought ₹1.6m worth of stock

The Ugar Sugar Works Limited, Annual General Meeting, Aug 10, 2023

Insider recently sold ₹3.8m worth of stock

Insider recently sold ₹8.0m worth of stock

Recent updates

The Ugar Sugar Works Limited Announces Appointment of B. G. Kulkarni as Compliance Officer, Effective 15 April, 2024

Investor sentiment improves as stock rises 21%

CFO & Manager of Finance recently bought ₹559k worth of stock

MD & Director recently bought ₹1.6m worth of stock

New minor risk - Market cap size

Third quarter 2024 earnings released: EPS: ₹4.10 (vs ₹4.05 in 3Q 2023)

Investor sentiment improves as stock rises 18%

The Ugar Sugar Works Limited to Report Q3, 2024 Results on Feb 13, 2024

Second quarter 2024 earnings released: ₹2.95 loss per share (vs ₹1.20 loss in 2Q 2023)

The Ugar Sugar Works Limited to Report First Half, 2024 Results on Nov 08, 2023

The Ugar Sugar Works Limited to Report Q1, 2024 Results on Aug 10, 2023

Full year 2023 earnings released: EPS: ₹9.16 (vs ₹3.85 in FY 2022)

Upcoming dividend of ₹0.50 per share at 0.4% yield

Full year 2023 earnings released: EPS: ₹9.16 (vs ₹3.85 in FY 2022)

The Ugar Sugar Works Limited, Annual General Meeting, Aug 10, 2023

Third quarter 2023 earnings released: EPS: ₹4.05 (vs ₹4.55 in 3Q 2022)

The Ugar Sugar Works Limited to Report Q3, 2023 Results on Feb 10, 2023

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2023 earnings released: ₹1.20 loss per share (vs ₹0.52 loss in 2Q 2022)

The Ugar Sugar Works Limited to Report First Half, 2023 Results on Nov 08, 2022

Investor sentiment improved over the past week

Now 23% undervalued

Upcoming dividend of ₹0.25 per share

First quarter 2023 earnings released: EPS: ₹0.51 (vs ₹1.50 loss in 1Q 2022)

The Ugar Sugar Works Limited to Report Q1, 2023 Results on Aug 11, 2022

Full year 2022 earnings released: EPS: ₹3.85 (vs ₹1.52 in FY 2021)

The Ugar Sugar Works Limited Recommends Dividend for the Fiscal Year 2021-22

The Ugar Sugar Works Limited to Report Q4, 2022 Results on May 23, 2022

Investor sentiment deteriorated over the past week

Insider recently sold ₹3.8m worth of stock

Insider recently sold ₹8.0m worth of stock

Insider recently sold ₹945k worth of stock

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

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

Investor sentiment improved over the past week

Investor sentiment improved over the past week

MD & Director recently bought ₹675k worth of stock

Upcoming dividend of ₹0.20 per share

First quarter 2022 earnings released: ₹1.50 loss per share (vs ₹1.09 loss in 1Q 2021)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

The Ugar Sugar Works Limited Recommends Dividend for the Fiscal Year 2021

Full year 2021 earnings released: EPS ₹1.52 (vs ₹1.22 in FY 2020)

The Ugar Sugar Works Limited Recommends Dividend for the Fiscal Year 2021

Investor sentiment improved over the past week

Investor sentiment improved over the past week

New 90-day high: ₹18.95

The Ugar Sugar Works Limited Appoints Tushar V Deshpande as Company Secretary & Compliance Officer

Third quarter 2021 earnings released: EPS ₹2.92 (vs ₹2.26 in 3Q 2020)

Ugar Sugar Works Ltd Announces Retirement of R V Desurkar as Chief Financial Officer

Investor sentiment improved over the past week

New 90-day high: ₹16.03

Second quarter 2021 earnings released: ₹1.23 loss per share

New 90-day low: ₹13.21

Upcoming Dividend of ₹0.10 Per Share

New 90-day high - ₹16.53

The Ugar Sugar Works Limited to Report Q1, 2021 Results on Aug 14, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure