Dwarikesh Sugar Industries Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Balkishan Maheshwari

Chief executive officer

₹14.1m

Total compensation

CEO salary percentage	92.9%
CEO tenure	15yrs
CEO ownership	n/a
Management average tenure	5.3yrs
Board average tenure	7.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Balkishan Maheshwari's remuneration changed compared to Dwarikesh Sugar Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹1b
Sep 30 2023	n/a	n/a	₹1b
Jun 30 2023	n/a	n/a	₹1b
Mar 31 2023	₹14m	₹13m	₹1b
Dec 31 2022	n/a	n/a	₹1b
Sep 30 2022	n/a	n/a	₹1b
Jun 30 2022	n/a	n/a	₹2b
Mar 31 2022	₹13m	₹12m	₹2b
Dec 31 2021	n/a	n/a	₹1b
Sep 30 2021	n/a	n/a	₹1b
Jun 30 2021	n/a	n/a	₹1b
Mar 31 2021	₹12m	₹11m	₹915m
Dec 31 2020	n/a	n/a	₹876m
Sep 30 2020	n/a	n/a	₹846m
Jun 30 2020	n/a	n/a	₹716m
Mar 31 2020	₹13m	₹11m	₹735m
Dec 31 2019	n/a	n/a	₹615m
Sep 30 2019	n/a	n/a	₹809m
Jun 30 2019	n/a	n/a	₹843m
Mar 31 2019	₹13m	₹13m	₹951m
Dec 31 2018	n/a	n/a	₹536m
Sep 30 2018	n/a	n/a	₹509m
Jun 30 2018	n/a	n/a	₹729m
Mar 31 2018	₹11m	₹11m	₹1b

Compensation vs Market: Balkishan's total compensation ($USD169.11K) is about average for companies of similar size in the Indian market ($USD192.78K).

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

CEO

Balkishan Maheshwari (63 yo)

15yrs

Tenure

₹14,148,000

Compensation

Mr. Balkishan Jawarilal Maheshwari has been the Managing Director of Dwarikesh Sugar Industries Limited since May 7, 2018, serves as its Company Secretary and Chief Compliance Officer since 2009. Mr. Mahes...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gautam Morarka	Founder & Executive Chairman	5.3yrs	₹74.25m	15.74% ₹ 2.1b
Balkishan Maheshwari	MD, Company Secretary & Chief Compliance Officer	15yrs	₹14.15m	no data
Vijay Banka	MD & Executive Director	5.9yrs	₹28.09m	no data
Sunil Goel	Chief Financial Officer	2.5yrs	₹4.80m	no data
Priyanka Morarka	President of Corporate Affairs	4.8yrs	₹5.22m	0.94% ₹ 127.2m
Sharvan Sharma	General Manager of Human Resources Department	no data	no data	no data
Salil Arya	Senior Executive Vice President (Corporate)	1.3yrs	no data	no data
R. Gupta	Senior Executive Vice President of Works – Dwarikesh Dham	no data	no data	no data

5.3yrs

Average Tenure

60.5yo

Average Age

Experienced Management: 532610's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gautam Morarka	Founder & Executive Chairman	5.3yrs	₹74.25m	15.74% ₹ 2.1b
Balkishan Maheshwari	MD, Company Secretary & Chief Compliance Officer	14.9yrs	₹14.15m	no data
Vijay Banka	MD & Executive Director	14.9yrs	₹28.09m	no data
Kokarrane Prithviraj	Independent Non-Executive Director	8.6yrs	₹460.00k	no data
Nina Chatrath	Independent Non-Executive Director	7.2yrs	₹450.00k	no data
Rajan Medhekar	Independent Non-Executive Director	3.4yrs	₹450.00k	no data
Gopal Hosur	Independent Non-Executive Director	3.4yrs	₹450.00k	no data

7.2yrs

Average Tenure

65yo

Average Age

Experienced Board: 532610's board of directors are considered experienced (7.2 years average tenure).

Dwarikesh Sugar Industries Management

Management criteria checks 4/4

Key information

Recent management updates

Insufficient new directors

Dwarikesh Sugar Industries Limited, Annual General Meeting, Jun 30, 2023

Dwarikesh Sugar Industries Limited Announces Resignation of Balkumar Kapurchand Agarwal as Independent Director

Dwarikesh Sugar Industries Limited, Annual General Meeting, Jun 30, 2022

Recent updates

Dwarikesh Sugar Industries Limited (BSE:532610) announces an Equity Buyback for 3,000,000 shares, representing 1.59% for INR 315 million.

Dwarikesh Sugar Industries Limited (BSE:532610) announces an Equity Buyback for 3,000,000 shares, representing 1.59% for INR 315 million.

Third quarter 2024 earnings released: EPS: ₹0.52 (vs ₹0.56 in 3Q 2023)

Insufficient new directors

Price target decreased by 11% to ₹111

Now 21% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: ₹0.55 (vs ₹0.42 in 2Q 2023)

First quarter 2024 earnings released: EPS: ₹2.16 (vs ₹2.11 in 1Q 2023)

Dwarikesh Sugar Industries Limited to Report Q1, 2024 Results on Jul 24, 2023

Now 20% undervalued after recent price drop

Full year 2023 earnings released: EPS: ₹5.57 (vs ₹8.24 in FY 2022)

Dwarikesh Sugar Industries Limited to Report Q2, 2024 Results on Nov 14, 2023

Dwarikesh Sugar Industries Limited, Annual General Meeting, Jun 30, 2023

Full year 2023 earnings released: EPS: ₹5.57 (vs ₹8.24 in FY 2022)

Upcoming dividend of ₹2.00 per share at 2.4% yield

Third quarter 2023 earnings released: EPS: ₹0.56 (vs ₹1.53 in 3Q 2022)

Price target decreased to ₹128

Dwarikesh Sugar Industries Limited Announces Resignation of Balkumar Kapurchand Agarwal as Independent Director

Second quarter 2023 earnings released: EPS: ₹0.42 (vs ₹2.10 in 2Q 2022)

Dwarikesh Sugar Industries Limited to Report Q2, 2023 Results on Oct 28, 2022

First quarter 2023 earnings released: EPS: ₹2.11 (vs ₹1.44 in 1Q 2022)

Investor sentiment improved over the past week

Dwarikesh Sugar Industries Limited to Report Q2, 2023 Results on Nov 14, 2022

Dwarikesh Sugar Industries Limited, Annual General Meeting, Jun 30, 2022

Price target increased to ₹144

Investor sentiment improved over the past week

Full year 2022 earnings released: EPS: ₹8.24 (vs ₹4.86 in FY 2021)

Price target increased to ₹133

Dwarikesh Sugar Industries Limited to Report Q4, 2022 Results on May 02, 2022

Dwarikesh Sugar Industries Limited Announces Declaration of Interim Dividend for the Financial Year 2021-22

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

Second quarter 2022 earnings released: EPS ₹2.10 (vs ₹0.94 in 2Q 2021)

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS ₹1.44 (vs ₹0.96 in 1Q 2021)

Upcoming dividend of ₹1.25 per share

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹4.86 (vs ₹3.90 in FY 2020)

Investor sentiment improved over the past week

Price target increased to ₹58.50

Full year 2021 earnings released: EPS ₹4.86 (vs ₹3.90 in FY 2020)

Dwarikesh Sugar Industries Limited Recommends Dividend

Investor sentiment improved over the past week

New 90-day high: ₹36.90

Investor sentiment improved over the past week

New 90-day low: ₹27.10

Third quarter 2021 earnings released: EPS ₹0.40 (vs ₹0.24 in 3Q 2020)

Dwarikesh Sugar Industries Limited to Report Q3, 2021 Results on Jan 30, 2021

Investor sentiment improved over the past week

New 90-day high: ₹30.55

Second quarter 2021 earnings released: EPS ₹0.94

New 90-day high - ₹27.50

First quarter earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age