Kirloskar Ferrous Industries Management

Management criteria checks 3/4

Kirloskar Ferrous Industries' CEO is Ravindranath Gumaste, appointed in Nov 2001, has a tenure of 22.42 years. total yearly compensation is ₹174.68M, comprised of 7.4% salary and 92.6% bonuses, including company stock and options. directly owns 0.6% of the company’s shares, worth ₹503.96M. The average tenure of the management team and the board of directors is 10 years and 6.8 years respectively.

Key information

Ravindranath Gumaste

Chief executive officer

₹174.7m

Total compensation

CEO salary percentage	7.4%
CEO tenure	22.4yrs
CEO ownership	0.6%
Management average tenure	10yrs
Board average tenure	6.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ravindranath Gumaste's remuneration changed compared to Kirloskar Ferrous Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹3b
Sep 30 2023	n/a	n/a	₹3b
Jun 30 2023	n/a	n/a	₹4b
Mar 31 2023	₹175m	₹13m	₹4b
Dec 31 2022	n/a	n/a	₹4b
Sep 30 2022	n/a	n/a	₹3b
Jun 30 2022	n/a	n/a	₹3b
Mar 31 2022	₹151m	₹12m	₹3b
Dec 31 2021	n/a	n/a	₹5b
Sep 30 2021	n/a	n/a	₹5b
Jun 30 2021	n/a	n/a	₹5b
Mar 31 2021	₹96m	₹11m	₹3b
Dec 31 2020	n/a	n/a	₹2b
Sep 30 2020	n/a	n/a	₹1b
Jun 30 2020	n/a	n/a	₹769m
Mar 31 2020	₹57m	₹11m	₹1b
Dec 31 2019	n/a	n/a	₹810m
Sep 30 2019	n/a	n/a	₹921m
Jun 30 2019	n/a	n/a	₹1b
Mar 31 2019	₹59m	₹10m	₹981m
Dec 31 2018	n/a	n/a	₹869m
Sep 30 2018	n/a	n/a	₹634m
Jun 30 2018	n/a	n/a	₹472m
Mar 31 2018	₹28m	₹9m	₹380m

Compensation vs Market: Ravindranath's total compensation ($USD2.09M) is above average for companies of similar size in the Indian market ($USD381.33K).

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

CEO

Ravindranath Gumaste (65 yo)

22.4yrs

Tenure

₹174,681,235

Compensation

Mr. Ravindranath Venkatesh Gumaste, B.Tech (Met.), serves as Vice Chairman and Additional Non-Executive & Non-Independent Director at ISMT Limited since March 10, 2022. He has been the Managing Director of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ravindranath Gumaste	MD & Executive Director	22.4yrs	₹174.68m	0.60% ₹ 504.0m
Ramesh Cherukuru	President & Plant Head	no data	₹8.71m	0.053% ₹ 44.7m
Raviprakasha Srivatsan	CFO, Executive Director of Finance & Executive Director	10yrs	₹53.24m	0.11% ₹ 91.0m
Narayana Paliki	Executive Vice President of HR & Gen.	no data	₹9.84m	0.050% ₹ 42.2m
Inturi Chandrasekhar	Executive Vice President of R&D	no data	₹8.46m	0.053% ₹ 45.1m
Mangote Nagaraj	Executive Vice President of PIP	no data	₹9.40m	0.057% ₹ 48.2m
Pradeep Madulkar	Vice President of Foundry	no data	₹8.07m	0.020% ₹ 16.9m
P. Manojkumar	Vice President	no data	₹8.69m	no data
Mayuresh Gharpure	Company Secretary & Compliance Officer	4.3yrs	₹2.10m	no data
K. Chandrashekarachari	A.V.P	no data	no data	0.020% ₹ 16.9m

10.0yrs

Average Tenure

53.5yo

Average Age

Experienced Management: 500245's management team is seasoned and experienced (10 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ravindranath Gumaste	MD & Executive Director	21.8yrs	₹174.68m	0.60% ₹ 504.0m
Raviprakasha Srivatsan	CFO, Executive Director of Finance & Executive Director	1.9yrs	₹53.24m	0.11% ₹ 91.0m
Yashwant Bhave	Independent Non-Executive Director	7.3yrs	₹1.50m	no data
Atul Kirloskar	Non-Independent & Non-Executive Chairman	31.7yrs	₹4.55m	1.34% ₹ 1.1b
Rahul Kirloskar	Non-Independent & Non-Executive Vice Chairman	10.5yrs	₹4.35m	1.02% ₹ 865.1m
Anil Alawani	Non-Independent Non-Executive Director	18.5yrs	₹5.65m	0.025% ₹ 21.2m
Pravir Vohra	Independent Non Executive Director	1.7yrs	₹1.73m	no data
Mahesh Chhabria	Non Independent Non Executive Director	6.4yrs	₹4.30m	no data
Vijaydipak Varma	Independent Non–Executive Director	4.1yrs	₹2.65m	no data
Nalini Venkatesh	Independent Non-Executive Director	9.8yrs	₹1.53m	0.043% ₹ 36.0m
Shalini Sarin	Additional Independent Director	less than a year	no data	no data
Venkataramani Moorthy	Independent Non Executive Director	2.5yrs	₹1.98m	no data

6.8yrs

Average Tenure

66yo

Average Age

Experienced Board: 500245's board of directors are considered experienced (6.8 years average tenure).

Kirloskar Ferrous Industries Management

Management criteria checks 3/4

Key information

Recent management updates

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

Kirloskar Ferrous Industries Limited Announces Retirement of Madhukar Vinayak Kotwal as Independent Director

Executive Vice President of R&D recently sold ₹491k worth of stock

Kirloskar Ferrous Industries Limited, Annual General Meeting, Aug 03, 2023

Kirloskar Ferrous Industries Limited Co-Opts Shalini Sarin as an Additional Director in the Category of Independent Director, Effective 13 May 2023

High number of new directors

Recent updates

Kirloskar Ferrous Industries Limited Declares Interim Dividend for the Financial Year 2023-2024, Payable on or Before 29 March 2024

Consensus EPS estimates fall by 15%

Third quarter 2024 earnings released: EPS: ₹5.48 (vs ₹8.40 in 3Q 2023)

Kirloskar Ferrous Industries Limited to Report Q3, 2024 Results on Feb 02, 2024

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

Price target increased by 8.8% to ₹608

Consensus EPS estimates fall by 11%

Second quarter 2024 earnings released: EPS: ₹4.91 (vs ₹6.97 in 2Q 2023)

Kirloskar Ferrous Industries Limited to Report Q2, 2024 Results on Nov 03, 2023

Kirloskar Ferrous Industries Limited Announces Retirement of Madhukar Vinayak Kotwal as Independent Director

Kirloskar Ferrous Industries Limited (BSE:500245) completed the acquisition of Oliver Engineering Private Limited in a bankruptcy sale.

Executive Vice President of R&D recently sold ₹491k worth of stock

Price target increased by 12% to ₹563

Kirloskar Ferrous Industries Limited to Report Q1, 2024 Results on Aug 02, 2023

Kirloskar Ferrous Industries Limited, Annual General Meeting, Aug 03, 2023

Price target increased by 54% to ₹501

Kirloskar Ferrous Industries Limited Co-Opts Shalini Sarin as an Additional Director in the Category of Independent Director, Effective 13 May 2023

Kirloskar Ferrous Industries Limited Announces Temporarily Suspension of Operations of the Mini Blast Furnace

Upcoming dividend of ₹2.50 per share at 1.5% yield

Kirloskar Ferrous Industries Limited Declares Interim Dividend for the Financial Year 2022-23, Payable on or Before 6 March 2023

Third quarter 2023 earnings released: EPS: ₹8.40 (vs ₹5.88 in 3Q 2022)

Kirloskar Ferrous Industries Limited to Report Q3, 2023 Results on Feb 07, 2023

Now 20% undervalued

Price target increased to ₹325

High number of new directors

Second quarter 2023 earnings released: EPS: ₹6.97 (vs ₹8.66 in 2Q 2022)

Kirloskar Ferrous Industries Limited Appoints Pravir Kumar Vohra as an Independent Director

High number of new directors

Investor sentiment improved over the past week

Kirloskar Ferrous Industries Limited Announces Co-Opted Pravir Kumar Vohra as Additional Director

Kirloskar Ferrous Industries Limited to Report Q1, 2023 Results on Aug 05, 2022

Upcoming dividend of ₹3.00 per share

Full year 2022 earnings released: EPS: ₹25.06 (vs ₹21.89 in FY 2021)

Kirloskar Ferrous Industries Limited, Annual General Meeting, Aug 01, 2022

Kirloskar Ferrous Industries Limited, Annual General Meeting, Aug 01, 2022

Full year 2022 earnings released: EPS: ₹25.06 (vs ₹21.89 in FY 2021)

Kirloskar Ferrous Industries Limited Announces Appointment of Mr. Raviprakasha Srinivasa Srivatsan as Additional Director of the Company and as the Executive Director (Finance)

Kirloskar Ferrous Industries Limited to Report Q4, 2022 Results on May 17, 2022

Kirloskar Ferrous Industries Limited (BSE:500245) completed the acquisition of additional 25.05% stake in ISMT Limited (BSE : 532479).

Kirloskar Ferrous Industries Limited Announces Temporary Suspension of Operations of Mini Blast Furnace II At Koppal Plant

Investor sentiment improved over the past week

Upcoming dividend of ₹2.50 per share

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

Now 20% undervalued after recent price drop

Jindal Pipes Limited Files Suit Before the Civil Judge Senior Division Pune, Against ISMT Limited and Kirloskar Ferrous Industries Limited

Kirloskar Ferrous Industries Limited (BSE:500245) made an offer to acquire 25.1% stake in ISMT Limited (BSE:532479) from public shareholders for INR 2.4 billion.

Second quarter 2022 earnings released: EPS ₹8.66 (vs ₹4.75 in 2Q 2021)

Investor sentiment deteriorated over the past week

Insider recently sold ₹2.4m worth of stock

Insider recently sold ₹2.0m worth of stock

Upcoming dividend of ₹3.00 per share

Full year 2021 earnings released: EPS ₹21.89 (vs ₹8.16 in FY 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Kirloskar Ferrous Industries Limited Recommends Final Dividend for the Financial Year 2020-2021

Full year 2021 earnings released: EPS ₹21.89 (vs ₹8.16 in FY 2020)

Investor sentiment improved over the past week

Kirloskar Ferrous Industries Limited Provides Update on Grant of Mining Lease in Respect of Bharath Mines & Minerals

New 90-day high: ₹171

New 90-day high: ₹159

Kirloskar Ferrous Industries Limited to Report Q3, 2021 Results on Jan 25, 2021

New 90-day high: ₹149

New 90-day high: ₹149

Kirloskar Ferrous Industries Limited (BSE:500245) completed the acquisition of Assets relating to the pig iron plant of VSL Steels Limited.

New 90-day high: ₹145

Market bids up stock over the past week

Market bids up stock over the past week

New 90-day high: ₹108

New 90-day high: ₹93.30