Atul Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Sunil Lalbhai

Chief executive officer

₹134.7m

Total compensation

CEO salary percentage	43.2%
CEO tenure	16.7yrs
CEO ownership	0.5%
Management average tenure	no data
Board average tenure	9.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sunil Lalbhai's remuneration changed compared to Atul's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹4b
Sep 30 2023	n/a	n/a	₹4b
Jun 30 2023	n/a	n/a	₹5b
Mar 31 2023	₹135m	₹58m	₹5b
Dec 31 2022	n/a	n/a	₹6b
Sep 30 2022	n/a	n/a	₹6b
Jun 30 2022	n/a	n/a	₹6b
Mar 31 2022	₹136m	₹53m	₹6b
Dec 31 2021	n/a	n/a	₹6b
Sep 30 2021	n/a	n/a	₹7b
Jun 30 2021	n/a	n/a	₹7b
Mar 31 2021	₹140m	₹56m	₹7b
Dec 31 2020	n/a	n/a	₹6b
Sep 30 2020	n/a	n/a	₹6b
Jun 30 2020	n/a	n/a	₹6b
Mar 31 2020	₹120m	₹39m	₹7b
Dec 31 2019	n/a	n/a	₹6b
Sep 30 2019	n/a	n/a	₹6b
Jun 30 2019	n/a	n/a	₹5b
Mar 31 2019	₹101m	₹34m	₹4b
Mar 31 2018	₹70m	₹29m	₹3b

Compensation vs Market: Sunil's total compensation ($USD1.61M) is above average for companies of similar size in the Indian market ($USD443.65K).

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

CEO

Sunil Lalbhai (63 yo)

16.7yrs

Tenure

₹134,674,206

Compensation

Mr. Sunil Siddharth Lalbhai has been Managing Director of Atul Ltd. since June 1984. Mr. Lalbhai was appointed by the Government of India for preparing a Perspective Plan for Chemical Industry in 1991 and...

Board Members

Name	Position	Tenure	Compensation	Ownership
Sunil Lalbhai	Chairman & MD	16.7yrs	₹134.67m	0.55% ₹ 961.5m
Samvegbhai Sheth	MD, Promoter & Executive Director	24.3yrs	₹31.23m	1.35% ₹ 2.4b
Thirukonda R. Kannan	CFO & Whole Time Director	9.5yrs	₹21.74m	no data
Bharathy Mohanan	Whole-Time Director & President of Utilities & Services	15.3yrs	₹16.42m	no data
Mukund Chitale	Independent Director	9.5yrs	₹1.92m	0.00017% ₹ 299.2k
Rangaswamy Iyer	Non-Executive & Independent Director	less than a year	no data	no data
Shubhalakshmi Panse	Independent Director	9.1yrs	₹1.35m	0.00017% ₹ 299.2k
Sharadchandra Abhyankar	Non-executive and Independent Director	less than a year	no data	no data
Pradeep Banerjee	Non-Executive & Independent Director	1.9yrs	₹1.18m	0.000050% ₹ 88.0k
Sujal Shah	Non-executive and Independent Director	less than a year	no data	no data
Baldev Arora	Independent Director	9yrs	₹2.50m	0.00034% ₹ 598.4k
A. Brackpool	Director of DPD Ltd	no data	₹6.50m	no data

9.1yrs

Average Tenure

65yo

Average Age

Experienced Board: 500027's board of directors are considered experienced (9.1 years average tenure).

Atul Management

Management criteria checks 2/4

Key information

Recent management updates

Atul Ltd Announces Resignation of Mr. Srinivasa Rangan as Independent Director of the Company Effective December 13, 2023

Atul Ltd Announces Resignation of Bansi Mehta as an Independent Director, Effective May 31, 2023

Insufficient new directors

Insufficient new directors

Recent updates

Consensus EPS estimates fall by 12%

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Atul Ltd Announces Resignation of Mr. Srinivasa Rangan as Independent Director of the Company Effective December 13, 2023

Atul Ltd (BSE:500027) announces an Equity Buyback for 66,666 shares, representing 0.23% for INR 500 million.

Consensus EPS estimates fall by 15%

Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

New major risk - Revenue and earnings growth

Atul Ltd. Approves Special Interim Dividend for the Year 2022-23

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of ₹25.00 per share at 0.4% yield

Atul Ltd to Report Q2, 2024 Results on Oct 20, 2023

Atul Ltd to Report Q1, 2024 Results on Jul 21, 2023

Atul Ltd Announces Resignation of Bansi Mehta as an Independent Director, Effective May 31, 2023

Consensus EPS estimates fall by 19%

Price target decreased by 11% to ₹6,971

Full year 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 7.5% to ₹8,796

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Atul Ltd to Report Q3, 2023 Results on Jan 20, 2023

Insufficient new directors

Consensus forecasts updated

Upcoming dividend of ₹7.50 per share

Atul Ltd Declares Special Interim Dividend, Payable on or after November 09, 2022

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Atul Ltd to Report Q2, 2023 Results on Oct 21, 2022

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of ₹25.00 per share

Atul Ltd to Report Q1, 2023 Results on Jul 22, 2022

Atul Ltd Proposes Dividend for the Year Ended March 31, 2022, Payable on August 03, 2022

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Insufficient new directors

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased to ₹9,332

Second quarter 2022 earnings released: EPS ₹49.56 (vs ₹58.78 in 2Q 2021)

Full year 2021 earnings released: EPS ₹221 (vs ₹225 in FY 2020)

Upcoming dividend of ₹20.00 per share

Atul Ltd Recommends Dividend for the Financial Year Ended March 31, 2021

Price target increased to ₹7,987

Full year 2021 earnings released: EPS ₹221 (vs ₹225 in FY 2020)

New 90-day high: ₹6,855

Third quarter 2021 earnings released: EPS ₹63.57 (vs ₹56.95 in 3Q 2020)

Earnings beat expectations, revenue disappoints

Price target raised to ₹6,683

New 90-day high: ₹6,588

Atul Ltd to Report Q3, 2021 Results on Jan 29, 2021

Price target raised to ₹6,168

First half earnings released

Semi-annual earnings released: Revenue and earnings beat expectations

New 90-day high - ₹6,368

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age