Kirloskar Industries Management

Management criteria checks 2/4

Kirloskar Industries' CEO is Mahesh Chhabria, appointed in Jul 2017, has a tenure of 6.75 years. total yearly compensation is ₹159.40M, comprised of 11.3% salary and 88.7% bonuses, including company stock and options. directly owns 1.14% of the company’s shares, worth ₹591.62M. The average tenure of the management team and the board of directors is 6.8 years and 6.9 years respectively.

Key information

Mahesh Chhabria

Chief executive officer

₹159.4m

Total compensation

CEO salary percentage	11.3%
CEO tenure	6.8yrs
CEO ownership	1.1%
Management average tenure	6.8yrs
Board average tenure	6.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mahesh Chhabria's remuneration changed compared to Kirloskar Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹2b
Sep 30 2023	n/a	n/a	₹3b
Jun 30 2023	n/a	n/a	₹2b
Mar 31 2023	₹159m	₹18m	₹2b
Dec 31 2022	n/a	n/a	₹2b
Sep 30 2022	n/a	n/a	₹2b
Jun 30 2022	n/a	n/a	₹2b
Mar 31 2022	₹92m	₹18m	₹2b
Dec 31 2021	n/a	n/a	₹3b
Sep 30 2021	n/a	n/a	₹3b
Jun 30 2021	n/a	n/a	₹2b
Mar 31 2021	₹39m	₹18m	₹2b
Dec 31 2020	n/a	n/a	₹1b
Sep 30 2020	n/a	n/a	₹897m
Jun 30 2020	n/a	n/a	₹762m
Mar 31 2020	₹38m	₹16m	₹959m
Dec 31 2019	n/a	n/a	₹758m
Sep 30 2019	n/a	n/a	₹802m
Jun 30 2019	n/a	n/a	₹875m
Mar 31 2019	₹30m	₹12m	₹841m
Mar 31 2018	₹25m	₹9m	₹496m

Compensation vs Market: Mahesh's total compensation ($USD1.91M) is above average for companies of similar size in the Indian market ($USD381.33K).

Compensation vs Earnings: Mahesh's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Mahesh Chhabria (59 yo)

6.8yrs

Tenure

₹159,403,351

Compensation

Mr. Mahesh Ramchand Chhabria, ACA, B.Com, has been an Additional Non-Executive Independent Director at Shoppers Stop Limited since January 23, 2023. He serves as Non-Executive Non-Independent Director of A...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mahesh Chhabria	MD & Director	6.8yrs	₹159.40m	1.14% ₹ 591.6m
Aditi Chirmule	Executive Director	no data	₹30.87m	0.066% ₹ 34.2m
Anandh Baheti	Chief Financial Officer	1.8yrs	no data	0.0094% ₹ 4.9m
Ashwini Mali	Compliance Officer & Company Secretary	11.3yrs	₹2.35m	0.054% ₹ 28.3m
Jagdish Purandare	Head of Human Resource	no data	no data	0.054% ₹ 28.3m

6.8yrs

Average Tenure

56yo

Average Age

Experienced Management: 500243's management team is seasoned and experienced (6.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mahesh Chhabria	MD & Director	7.9yrs	₹159.40m	1.14% ₹ 591.6m
Aditi Chirmule	Executive Director	12.3yrs	₹30.87m	0.066% ₹ 34.2m
Atul Kirloskar	Non Independent Chairman of the Board	12.3yrs	₹610.00k	18.32% ₹ 9.5b
Satish Jamdar	Non-Executive Independent Director	5.9yrs	₹2.01m	no data
Anil Alawani	Non Independent Non-Executive Director	15.3yrs	₹1.95m	0.023% ₹ 12.0m
Vinesh Jairath	Non-Independent Director	6.8yrs	₹22.56m	0.19% ₹ 96.2m
Vijaydipak Varma	Independent Director	2.5yrs	₹1.65m	0.0040% ₹ 2.1m
D. Sivanandhan	Non-Executive Independent Director	6.9yrs	₹1.81m	no data
Tejas Deshpande	Non-Executive Independent Director	8.9yrs	₹1.61m	no data
Ashit Parekh	Independent Director	6.8yrs	₹810.00k	no data
Purvi Sheth	Independent Director	1.9yrs	₹910.00k	no data

6.9yrs

Average Tenure

65yo

Average Age

Experienced Board: 500243's board of directors are considered experienced (6.9 years average tenure).

Kirloskar Industries Management

Management criteria checks 2/4

Key information

Recent management updates

Kirloskar Industries Limited, Annual General Meeting, Mar 14, 2024

Independent Director recently sold ₹699k worth of stock

Independent Director recently sold ₹347k worth of stock

Independent Director recently sold ₹860k worth of stock

Independent Director recently sold ₹652k worth of stock

Kirloskar Industries Limited, Annual General Meeting, Aug 12, 2023

Recent updates

Third quarter 2024 earnings released: EPS: ₹43.33 (vs ₹64.19 in 3Q 2023)

Kirloskar Industries Limited, Annual General Meeting, Mar 14, 2024

Kirloskar Industries Limited to Report Q3, 2024 Results on Feb 09, 2024

Independent Director recently sold ₹699k worth of stock

Independent Director recently sold ₹347k worth of stock

Independent Director recently sold ₹860k worth of stock

Independent Director recently sold ₹652k worth of stock

Second quarter 2024 earnings released: EPS: ₹116 (vs ₹70.42 in 2Q 2023)

Kirloskar Industries Limited to Report Q2, 2024 Results on Nov 09, 2023

Kirloskar Industries Limited to Report Q1, 2024 Results on Aug 12, 2023

Upcoming dividend of ₹11.00 per share at 0.3% yield

Full year 2023 earnings released: EPS: ₹228 (vs ₹199 in FY 2022)

Kirloskar Industries Limited, Annual General Meeting, Aug 12, 2023

Investor sentiment improves as stock rises 19%

ISMT Limited (BSE:532479) agreed to acquire Windmills business of Kirloskar Industries Limited for 54 million.

ISMT Limited (BSE:532479) agreed to acquire Windmills business of Kirloskar Industries Limited for 54 million.

Full year 2023 earnings released: EPS: ₹228 (vs ₹199 in FY 2022)

Kirloskar Industries Limited to Report Q4, 2023 Results on May 23, 2023

Insider recently sold ₹11m worth of stock

Insider recently sold ₹597k worth of stock

Chief Financial Officer recently bought ₹111k worth of stock

Third quarter 2023 earnings released: EPS: ₹64.19 (vs ₹45.85 in 3Q 2022)

Upcoming dividend of ₹2.50 per share at 0.5% yield

Kirloskar Industries Limited to Report Q3, 2023 Results on Feb 11, 2023

Head of Human Resource recently sold ₹1.7m worth of stock

Executive Director recently sold ₹4.0m worth of stock

Second quarter 2023 earnings released: EPS: ₹70.42 (vs ₹78.18 in 2Q 2022)

Second quarter 2023 earnings released: EPS: ₹70.42 (vs ₹78.18 in 2Q 2022)

Kirloskar Industries Limited to Report Q2, 2023 Results on Nov 11, 2022

Mahindra & Mahindra Limited (NSEI:M&M) completed the acquisition of an additional 17.41% stake in Swaraj Engines Limited (BSE:500407).

Mahindra & Mahindra Limited (NSEI:M&M) agreed to acquire an additional 17.41% stake in Swaraj Engines Limited (BSE:500407) for INR 2.96 billion.

Mahindra & Mahindra Limited (NSEI:M&M) agreed to acquire an additional 17.41% stake in Swaraj Engines Limited (BSE:500407) for INR 2.96 billion.

Kirloskar Industries Limited Approves Dividend for the Financial Year Ended 31 March 2021

Kirloskar Industries Limited to Report Q1, 2023 Results on Aug 08, 2022

Kirloskar Industries Limited Appoints Anandh Baheti as Chief Financial Officer

Kirloskar Industries Limited Recommends Dividend for the Financial Year 2021-2022, Payable on or Before September 8, 2022

Kirloskar Industries Limited Announces Resumption of Operations of Mini Blast Furnace II At Koppal Plant

Insider recently sold ₹940k worth of stock

Executive Director recently sold ₹681k worth of stock

Full year 2022 earnings released: EPS: ₹199 (vs ₹169 in FY 2021)

Kirloskar Industries Limited to Report Q4, 2022 Results on May 26, 2022

Now 22% undervalued

Insufficient new directors

Investor sentiment improved over the past week

Head of Human Resource recently sold ₹277k worth of stock

Now 21% undervalued after recent price drop

Kirloskar Industries Limited Announces Resignation of Nihal Kulkarni as Non-Executive Director

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

Insider recently sold ₹726k worth of stock

Insider recently sold ₹755k worth of stock

Insider recently sold ₹624k worth of stock

Second quarter 2022 earnings released: EPS ₹78.18 (vs ₹44.43 in 2Q 2021)

Insufficient new directors

Kirloskar Industries Limited Resumes Offices at Different Locations

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹169 (vs ₹98.77 in FY 2020)

Kirloskar Industries Limited Recommends Dividend for the Financial Year 2020-2021, Payable on or Before August 20, 2021

Kirloskar Industries Limited Recommends Final Dividend for the Financial Year 2020-2021, Payable on or Before 13 August 2021

Kirloskar Industries Limited Announces Commences of Operation at Pig Iron Plant Paramenahally Village, Karnataka

Third quarter 2021 earnings released: EPS ₹62.41 (vs ₹15.62 in 3Q 2020)

New 90-day high: ₹899

Kirloskar Industries Limited to Report Q3, 2021 Results on Feb 05, 2021

New 90-day high: ₹833

Market bids up stock over the past week

Market bids up stock over the past week

Second quarter 2021 earnings released: EPS ₹44.43

New 90-day low: ₹584

Kirloskar Industries Limited to Report First Half, 2021 Results on Oct 28, 2020

New 90-day low: ₹608