The Ugar Sugar Works Limited

BSE:530363 Stock Report

Market Cap: ₹8.6b

Ugar Sugar Works Management

Management criteria checks 2/4

Ugar Sugar Works' CEO is Niraj Shirgaokar, appointed in Apr 2011, has a tenure of 13.58 years. total yearly compensation is ₹101.23M, comprised of 7.4% salary and 92.6% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth ₹16.97M. The average tenure of the management team and the board of directors is 3.8 years and 10.8 years respectively.

Key information

Niraj Shirgaokar

Chief executive officer

₹101.2m

Total compensation

CEO salary percentage7.4%
CEO tenure13.6yrs
CEO ownership0.2%
Management average tenure3.8yrs
Board average tenure10.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Niraj Shirgaokar's remuneration changed compared to Ugar Sugar Works's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-₹84m

Jun 30 2024n/an/a

₹185m

Mar 31 2024₹101m₹7m

₹211m

Dec 31 2023n/an/a

₹690m

Sep 30 2023n/an/a

₹685m

Jun 30 2023n/an/a

₹882m

Mar 31 2023₹39m₹7m

₹1b

Dec 31 2022n/an/a

₹526m

Sep 30 2022n/an/a

₹583m

Jun 30 2022n/an/a

₹659m

Mar 31 2022₹23m₹7m

₹433m

Dec 31 2021n/an/a

₹501m

Sep 30 2021n/an/a

₹205m

Jun 30 2021n/an/a

₹125m

Mar 31 2021₹20m₹7m

₹171m

Dec 31 2020n/an/a

₹353m

Sep 30 2020n/an/a

₹392m

Jun 30 2020n/an/a

₹378m

Mar 31 2020₹14m₹7m

₹138m

Dec 31 2019n/an/a

₹167m

Sep 30 2019n/an/a

₹7m

Jun 30 2019n/an/a

-₹131m

Mar 31 2019₹11m₹8m

₹43m

Dec 31 2018n/an/a

-₹403m

Sep 30 2018n/an/a

-₹471m

Jun 30 2018n/an/a

-₹629m

Mar 31 2018₹9m₹6m

-₹682m

Compensation vs Market: Niraj's total compensation ($USD1.20M) is above average for companies of similar size in the Indian market ($USD42.72K).

Compensation vs Earnings: Niraj's compensation has increased whilst the company is unprofitable.

CEO

Niraj Shirgaokar (52 yo)

13.6yrs

Tenure

₹101,226,000

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

NamePositionTenureCompensationOwnership
Niraj Shirgaokar
MD & Director13.6yrs₹101.23m0.20%
₹ 17.0m
Chandan Shirgaokar
MD & Director13.6yrs₹155.63m0.65%
₹ 55.9m
Sohan Shirgaokar
Executive Directorless than a year₹4.58m0.23%
₹ 19.7m
Shrikanta Bhat
CFO & Manager of Finance3.8yrs₹1.44m0.0015%
₹ 130.0k
Tushar Deshpande
Company Secretary & Compliance Officerless than a year₹452.00kno data

3.8yrs

Average Tenure

47yo

Average Age

Experienced Management: 530363's management team is considered experienced (3.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Niraj Shirgaokar
MD & Director13.6yrs₹101.23m0.20%
₹ 17.0m
Chandan Shirgaokar
MD & Director13.6yrs₹155.63m0.65%
₹ 55.9m
Sohan Shirgaokar
Executive Director10.8yrs₹4.58m0.23%
₹ 19.7m
Rajendra Shirgaokar
Chairman Emeritusno data₹100.00k1.39%
₹ 119.0m
Prafulla Shirgaokar
Non-Executive Director30.3yrs₹5.28m0.73%
₹ 62.7m
Shishir Shirgaokar
Chairman of the Board30.3yrs₹921.00k0.35%
₹ 30.0m
Mallappa Desai
Non Executive Independent Director24.4yrs₹379.00k0.062%
₹ 5.3m
Shilpa Kumar
Non Executive Woman Director9.7yrs₹256.00k0.14%
₹ 11.6m
Sachin Shirgaokar
Non Executive Director10.8yrs₹1.05m1.34%
₹ 114.2m
Haribhau Athawale
Non Executive Independent Director9yrs₹324.00k0.043%
₹ 3.7m
Shripad Gangavati
Non-Executive Independent Director5.3yrs₹243.00kno data
Suneeta Thakur
Non-Executive Woman Independent Director5.3yrs₹177.00k0.0052%
₹ 441.4k

10.8yrs

Average Tenure

73.5yo

Average Age

Experienced Board: 530363's board of directors are seasoned and experienced ( 10.8 years average tenure).