Ester Industries Management

Management criteria checks 3/4

Ester Industries' CEO is Arvind Singhania, appointed in Feb 2015, has a tenure of 9.25 years. total yearly compensation is ₹30.57M, comprised of 47.1% salary and 52.9% bonuses, including company stock and options. directly owns 2.8% of the company’s shares, worth ₹315.08M. The average tenure of the management team and the board of directors is 2.3 years and 6.5 years respectively.

Key information

Arvind Singhania

Chief executive officer

₹30.6m

Total compensation

CEO salary percentage	47.1%
CEO tenure	9.3yrs
CEO ownership	2.8%
Management average tenure	2.3yrs
Board average tenure	6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Arvind Singhania's remuneration changed compared to Ester Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-₹1b
Sep 30 2023	n/a	n/a	-₹790m
Jun 30 2023	n/a	n/a	-₹440m
Mar 31 2023	₹31m	₹14m	₹117m
Dec 31 2022	n/a	n/a	₹1b
Sep 30 2022	n/a	n/a	₹1b
Jun 30 2022	n/a	n/a	₹1b
Mar 31 2022	₹152m	₹14m	₹857m
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	₹152m	₹14m	₹1b
Dec 31 2020	n/a	n/a	₹1b
Sep 30 2020	n/a	n/a	₹1b
Jun 30 2020	n/a	n/a	₹1b
Mar 31 2020	₹140m	₹13m	₹995m
Dec 31 2019	n/a	n/a	₹706m
Sep 30 2019	n/a	n/a	₹596m
Jun 30 2019	n/a	n/a	₹476m
Mar 31 2019	₹48m	₹8m	₹311m
Dec 31 2018	n/a	n/a	₹287m
Sep 30 2018	n/a	n/a	₹208m
Jun 30 2018	n/a	n/a	₹128m
Mar 31 2018	₹15m	₹8m	₹53m

Compensation vs Market: Arvind's total compensation ($USD366.20K) is above average for companies of similar size in the Indian market ($USD39.30K).

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

CEO

Arvind Singhania (59 yo)

9.3yrs

Tenure

₹30,568,000

Compensation

Mr. Arvind Singhania, B. Com has been the Chairman and Chief Executive Officer of Ester Industries Limited since February 11, 2015. Mr. Singhania has many years of experience in the fields of production, s...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Arvind Singhania	Chairman & CEO	9.3yrs	₹30.57m	2.8% ₹ 315.1m
Sourabh Agarwal	Chief Financial Officer	1.2yrs	₹331.00k	no data
Ayush Singhania	Head of Business Development & Marketing and Whole-Time Director	no data	₹16.59m	0.19% ₹ 21.3m
Pradeep Rustagi	Whole-Time Director & Executive Director of Corporate Affairs	2.3yrs	₹15.31m	0.00043% ₹ 48.4k
Ashok Agarwal	Executive Director of Operations & Projects	no data	₹8.62m	no data
Diwaker Dinesh	Head of Legal	no data	₹2.86m	no data
Poornima Gupta	Company Secretary & Compliance Officer	less than a year	no data	no data
K. Mangal	General Manager of Sales & Marketing	no data	₹2.44m	no data
Asit Bhalerao	Head of Human Resources	4.3yrs	no data	no data
Girish Behal	Business Head of Polyester Films & SBU	3.9yrs	no data	no data
Yatin Sheth	Head Marketing & Business Development-Specialty Polymers	less than a year	no data	no data

2.3yrs

Average Tenure

60.5yo

Average Age

Experienced Management: 500136's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Arvind Singhania	Chairman & CEO	29.8yrs	₹30.57m	2.8% ₹ 315.1m
Ayush Singhania	Head of Business Development & Marketing and Whole-Time Director	2.9yrs	₹16.59m	0.19% ₹ 21.3m
Pradeep Rustagi	Whole-Time Director & Executive Director of Corporate Affairs	13.3yrs	₹15.31m	0.00043% ₹ 48.4k
Alok Dhir	Independent Director	less than a year	no data	no data
Sandeep Dinodia	Non-Executive & Independent Director	9yrs	₹230.00k	no data
Padmaja Ruparel	Non-Executive & Independent Director	4.1yrs	₹60.00k	no data
Atul Aggarwal	Independent Director	less than a year	no data	no data
Archana Singhania	Non-Executive & Non-Independent Director	9.8yrs	₹80.00k	no data

6.5yrs

Average Tenure

60yo

Average Age

Experienced Board: 500136's board of directors are considered experienced (6.5 years average tenure).

Ester Industries Management

Management criteria checks 3/4

Key information

Recent management updates

Ester Industries Limited Approves Board Appointments

Ester Industries Limited Approves the Appointment of Yatin Sheth as Head Marketing & Business Development-Specialty Polymers, Effective 16 October, 2023

Ester Industries Limited Appoints Ms. Poornima Gupta as Company Secretary and Compliance Officer

Insufficient new directors

Ester Industries Limited Announces Resignation of Diwaker Dinesh as Company Secretary and Compliance Officer, Effective January 31, 2023

Ester Industries Limited Announces Resignation of Manish Gupta as Chief Financial Officer

Recent updates

New minor risk - Share price stability

Ester Industries Limited announced that it has received INR 998.99965 million in funding from RJ Corp Limited, Modi Rubber Limited

Ester Industries Limited Approves Board Appointments

Ester Industries Limited announced that it expects to receive INR 998.99965 million in funding from RJ Corp Limited, Modi Rubber Limited and other investors

Ester Industries Limited announced that it expects to receive INR 999 million in funding from RJ Corp Limited, Modi Rubber Limited and other investors

Ester Industries Limited to Report Q3, 2024 Results on Feb 14, 2024

New major risk - Revenue and earnings growth

Ester Industries Limited to Report Q2, 2024 Results on Nov 07, 2023

Ester Industries Limited Approves Final Dividend for the Financial Year Ended 31St March, 2023

Upcoming dividend of ₹0.50 per share at 0.5% yield

First quarter 2024 earnings released: ₹2.65 loss per share (vs ₹4.02 profit in 1Q 2023)

Ester Industries Limited Approves the Appointment of Yatin Sheth as Head Marketing & Business Development-Specialty Polymers, Effective 16 October, 2023

Ester Industries Limited to Report Q1, 2024 Results on Aug 11, 2023

Ester Industries Limited Appoints Ms. Poornima Gupta as Company Secretary and Compliance Officer

Ester Industries Limited Recommends Final Dividend for the Financial Year Ended on 31 March 2023

Full year 2023 earnings released: EPS: ₹1.40 (vs ₹16.39 in FY 2022)

Ester Industries Limited to Report Q4, 2023 Results on May 26, 2023

Investor sentiment improves as stock rises 15%

Insufficient new directors

Second quarter 2023 earnings released: EPS: ₹0.55 (vs ₹3.88 in 2Q 2022)

Investor sentiment deteriorates as stock falls 18%

Ester Industries Limited to Report Q3, 2023 Results on Feb 14, 2023

Ester Industries Limited Announces Resignation of Diwaker Dinesh as Company Secretary and Compliance Officer, Effective January 31, 2023

Investor sentiment deteriorated over the past week

Second quarter 2023 earnings released: EPS: ₹0.55 (vs ₹3.88 in 2Q 2022)

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

Investor sentiment improved over the past week

Radici Plastics India Pvt. Ltd. completed the acquisition of Engineering Plastics Business of Ester Industries Limited (BSE:500136).

Upcoming dividend of ₹1.90 per share

Ester Industries Limited Announces Resignation of Manish Gupta as Chief Financial Officer

Ester Industries Limited, Annual General Meeting, Sep 28, 2022

First quarter 2023 earnings released: EPS: ₹4.02 (vs ₹4.43 in 1Q 2022)

Ester Industries Limited to Report Q1, 2023 Results on Aug 10, 2022

Full year 2022 earnings released: EPS: ₹16.39 (vs ₹16.49 in FY 2021)

Ester Industries Limited Recommends Final Dividend for the Year Ended on March 31, 2022

Ester Industries Limited to Report Q4, 2022 Results on May 20, 2022

Radici Plastics India Pvt. Ltd. signed a business transfer agreement to acquire Engineering Plastics Business of Ester Industries Limited (BSE:500136) for INR 2.9 billion.

Investor sentiment improved over the past week

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Ester Industries Limited Replaces Pradeep Kumar Rustagi with Manish Gupta as Chief Financial Officer

Second quarter 2022 earnings released: EPS ₹3.88 (vs ₹5.30 in 2Q 2021)

Insufficient new directors

Insufficient new directors

Upcoming dividend of ₹1.90 per share

Insufficient new directors

First quarter 2022 earnings released: EPS ₹4.43 (vs ₹3.52 in 1Q 2021)

Full year 2021 earnings released: EPS ₹16.49 (vs ₹11.93 in FY 2020)

Investor sentiment improved over the past week

New 90-day low: ₹100

Third quarter 2021 earnings released: EPS ₹3.78 (vs ₹2.33 in 3Q 2020)

New 90-day low: ₹108

Ester Industries Limited to Report Q3, 2021 Results on Feb 01, 2021

Market bids up stock over the past week

New 90-day high: ₹129

First half earnings released

Market bids up stock over the past week

New 90-day high: ₹120

New 90-day high: ₹81.30

New 90-day high - ₹79.10

Upcoming Dividend of ₹2.50 Per Share

First quarter earnings released

New 90-day high - ₹65.05

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age