It's Unlikely That Harrisons Malayalam Limited's (NSE:HARRMALAYA) CEO Will See A Huge Pay Rise This Year

Key Insights

• Harrisons Malayalam to hold its Annual General Meeting on 23rd of September
• Total pay for CEO Cherian George includes ₹2.77m salary
• Total compensation is 117% above industry average
• Harrisons Malayalam's EPS grew by 0.5% over the past three years while total shareholder return over the past three years was 28%

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CEO Cherian George has done a decent job of delivering relatively good performance at Harrisons Malayalam Limited (NSE:HARRMALAYA) recently. This is something shareholders will keep in mind as they cast their votes on company resolutions such as executive remuneration in the upcoming AGM on 23rd of September. However, some shareholders may still want to keep CEO compensation within reason.

See our latest analysis for Harrisons Malayalam

How Does Total Compensation For Cherian George Compare With Other Companies In The Industry?

At the time of writing, our data shows that Harrisons Malayalam Limited has a market capitalization of ₹3.9b, and reported total annual CEO compensation of ₹8.1m for the year to March 2025. That is, the compensation was roughly the same as last year. While we always look at total compensation first, our analysis shows that the salary component is less, at ₹2.8m.

For comparison, other companies in the Indian Food industry with market capitalizations below ₹18b, reported a median total CEO compensation of ₹3.7m. This suggests that Cherian George is paid more than the median for the industry.

On an industry level, it's fascinating to see that all of total compensation represents salary and non-salary benefits do not factor into the equation at all. Harrisons Malayalam pays a modest slice of remuneration through salary, as compared to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.

A Look at Harrisons Malayalam Limited's Growth Numbers

Earnings per share at Harrisons Malayalam Limited are much the same as they were three years ago, albeit with slightly higher. In the last year, its revenue is up 8.7%.

We're not particularly impressed by the revenue growth, but the modest improvement in EPS is good. Considering these factors we'd say performance has been pretty decent, though not amazing. While we don't have analyst forecasts for the company, shareholders might want to examine this detailed historical graph of earnings, revenue and cash flow.

Has Harrisons Malayalam Limited Been A Good Investment?

With a total shareholder return of 28% over three years, Harrisons Malayalam Limited shareholders would, in general, be reasonably content. But they probably don't want to see the CEO paid more than is normal for companies around the same size.

In Summary...

Given that the company's overall performance has been reasonable, the CEO remuneration policy might not be shareholders' central point of focus in the upcoming AGM. However, if the board proposes to increase the compensation, some shareholders might have questions given that the CEO is already being paid higher than the industry.

We can learn a lot about a company by studying its CEO compensation trends, along with looking at other aspects of the business. We did our research and identified 3 warning signs (and 2 which don't sit too well with us) in Harrisons Malayalam we think you should know about.

Switching gears from Harrisons Malayalam, 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.