Manorama Industries Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Ashish Saraf
Chief executive officer
₹31.9m
Total compensation
| CEO salary percentage | 56.43% |
| CEO tenure | 1.3yrs |
| CEO ownership | n/a |
| Management average tenure | 2yrs |
| Board average tenure | 4.6yrs |
Recent management updates
Recent updates
With EPS Growth And More, Manorama Industries (NSE:MANORAMA) Makes An Interesting Case
Dec 05
Under The Bonnet, Manorama Industries' (NSE:MANORAMA) Returns Look Impressive
Nov 06Why Investors Shouldn't Be Surprised By Manorama Industries Limited's (NSE:MANORAMA) P/E
Sep 20Does Manorama Industries (NSE:MANORAMA) Have A Healthy Balance Sheet?
Sep 02Manorama Industries (NSE:MANORAMA) Is Reinvesting To Multiply In Value
Jul 16We Think Manorama Industries (NSE:MANORAMA) Can Stay On Top Of Its Debt
May 22Manorama Industries' (NSE:MANORAMA) Earnings Are Weaker Than They Seem
May 04Investors Appear Satisfied With Manorama Industries Limited's (NSE:MANORAMA) Prospects As Shares Rocket 28%
Apr 30Should You Be Adding Manorama Industries (NSE:MANORAMA) To Your Watchlist Today?
Apr 17Manorama Industries (NSE:MANORAMA) Knows How To Allocate Capital
Mar 25What You Can Learn From Manorama Industries Limited's (NSE:MANORAMA) P/E After Its 27% Share Price Crash
Mar 04Here's Why Manorama Industries (NSE:MANORAMA) Can Manage Its Debt Responsibly
Dec 16Manorama Industries (NSE:MANORAMA) May Have Issues Allocating Its Capital
Nov 23Revenues Tell The Story For Manorama Industries Limited (NSE:MANORAMA) As Its Stock Soars 29%
Nov 07Market Participants Recognise Manorama Industries Limited's (NSE:MANORAMA) Revenues Pushing Shares 27% Higher
Aug 19Is Now The Time To Put Manorama Industries (NSE:MANORAMA) On Your Watchlist?
Jul 27Investors Appear Satisfied With Manorama Industries Limited's (NSE:MANORAMA) Prospects As Shares Rocket 25%
Jun 15Manorama Industries' (NSE:MANORAMA) Solid Earnings May Rest On Weak Foundations
May 21Some Investors May Be Worried About Manorama Industries' (NSE:MANORAMA) Returns On Capital
May 10Manorama Industries Limited's (NSE:MANORAMA) P/E Is Still On The Mark Following 31% Share Price Bounce
Apr 12Does Manorama Industries (NSE:MANORAMA) Deserve A Spot On Your Watchlist?
Apr 03Here's Why We Think Manorama Industries (NSE:MANORAMA) Is Well Worth Watching
Oct 10Manorama Industries Limited's (NSE:MANORAMA) Shareholders Might Be Looking For Exit
Feb 07Manorama Industries' (NSE:MANORAMA) Solid Earnings May Rest On Weak Foundations
Nov 19CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | ₹2b |
| Jun 30 2025 | n/a | n/a | ₹1b |
| Mar 31 2025 | ₹32m | ₹18m | ₹1b |
| Dec 31 2024 | n/a | n/a | ₹823m |
| Sep 30 2024 | n/a | n/a | ₹592m |
| Jun 30 2024 | n/a | n/a | ₹421m |
| Mar 31 2024 | ₹4m | ₹4m | ₹401m |
| Dec 31 2023 | n/a | n/a | ₹376m |
| Sep 30 2023 | n/a | n/a | ₹373m |
| Jun 30 2023 | n/a | n/a | ₹346m |
| Mar 31 2023 | ₹8m | n/a | ₹298m |
| Dec 31 2022 | n/a | n/a | ₹266m |
| Sep 30 2022 | n/a | n/a | ₹251m |
| Jun 30 2022 | n/a | n/a | ₹256m |
| Mar 31 2022 | ₹2m | n/a | ₹241m |
| Dec 31 2021 | n/a | n/a | ₹243m |
| Sep 30 2021 | n/a | n/a | ₹239m |
| Jun 30 2021 | n/a | n/a | ₹220m |
| Mar 31 2021 | ₹2m | n/a | ₹146m |
| Dec 31 2020 | n/a | n/a | ₹154m |
| Sep 30 2020 | n/a | n/a | ₹170m |
| Jun 30 2020 | n/a | n/a | ₹174m |
| Mar 31 2020 | ₹2m | n/a | ₹233m |
Compensation vs Market: Ashish's total compensation ($USD350.64K) is about average for companies of similar size in the Indian market ($USD410.73K).
Compensation vs Earnings: Ashish's compensation has increased by more than 20% in the past year.
CEO
Ashish Saraf (54 yo)
Mr. Ashish Saraf is Chairman & MD of Manorama Industries Limited from October 23, 2024 and was President until 2024.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 1.3yrs | ₹31.90m | no data | |
| Vice Chairperson & Executive Director | 19.8yrs | ₹15.36m | 54.07% ₹ 36.4b | |
| CFO, Additional Director of Finance & Whole-Time Director | 7.8yrs | ₹3.90m | 0.0063% ₹ 4.2m | |
| Whole Time Director | 6.4yrs | ₹8.00m | 0.25% ₹ 167.6m | |
| Whole Time Director | 1.3yrs | ₹7.50m | no data | |
| Chief Operations Officer | no data | no data | no data | |
| Associate Vice President IR | 3yrs | no data | no data | |
| Company Secretary & Compliance Officer | 1.9yrs | ₹223.00k | no data | |
| Vice President of Sales | no data | ₹3.30m | no data | |
| Chief Human Resources Officer | no data | no data | no data | |
| Head of R&D and A&TS of Manorama Latin America | 2yrs | no data | no data | |
| Managing Director of Manorama Latin America | 1yr | no data | no data |
Experienced Management: MANORAMA's management team is not considered experienced ( 2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 1.3yrs | ₹31.90m | no data | |
| Vice Chairperson & Executive Director | 19.8yrs | ₹15.36m | 54.07% ₹ 36.4b | |
| CFO, Additional Director of Finance & Whole-Time Director | 3.2yrs | ₹3.90m | 0.0063% ₹ 4.2m | |
| Whole Time Director | 6.4yrs | ₹8.00m | 0.25% ₹ 167.6m | |
| Whole Time Director | 8yrs | ₹7.50m | no data | |
| Independent Director | 4.8yrs | ₹180.00k | no data | |
| Independent Director | 6.4yrs | ₹180.00k | no data | |
| Independent Director | 4.1yrs | ₹180.00k | no data | |
| Non-Executive Independent Director | 4.3yrs | ₹180.00k | no data | |
| Independent Director | less than a year | no data | no data |
Experienced Board: MANORAMA's board of directors are considered experienced (4.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/01/20 18:33 |
| End of Day Share Price | 2026/01/20 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Manorama Industries Limited is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ashwin Mehta | Ambit Capital |
| Kumar Saumya Singh | Ambit Capital |