Shree Cement Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Neeraj Akhoury

Chief executive officer

₹144.4m

Total compensation

CEO salary percentage	22.2%
CEO tenure	1.6yrs
CEO ownership	n/a
Management average tenure	6.5yrs
Board average tenure	6.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Neeraj Akhoury's remuneration changed compared to Shree Cement's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹22b
Sep 30 2023	n/a	n/a	₹18b
Jun 30 2023	n/a	n/a	₹16b
Mar 31 2023	₹144m	₹32m	₹13b

Compensation vs Market: Neeraj's total compensation ($USD1.73M) is above average for companies of similar size in the Indian market ($USD936.74K).

Compensation vs Earnings: Insufficient data to compare Neeraj's compensation with company performance.

CEO

Neeraj Akhoury (55 yo)

1.6yrs

Tenure

₹144,373,912

Compensation

Mr. Neeraj Akhoury serves as Managing Director at Shree Cement Limited since OCtober 14, 2022. He served as Non-Executive and Non-Independent Director of ACC Limited since February 21, 2020 until September...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Neeraj Akhoury	MD & Director	1.6yrs	₹144.37m	no data
Subhash Jajoo	Chief Finance Officer	9.7yrs	₹10.68m	no data
Vinay Saxena	Senior Vice President of Operations	no data	no data	no data
Kamlesh Jain	Senior Vice President of Finance & Accounts	1.3yrs	no data	no data
M. S. KaliPrasad	Chief Digital Officer	no data	no data	no data
Shyam Khandelwal	Chief Compliance Officer	no data	₹17.10m	no data
Shailesh Ambastha	President of Sales	no data	no data	no data
Behram Sherdiwala	Chief Human Resource Officer	no data	no data	no data
Kirit Gandhi	President of Fuel Procurement	no data	no data	no data
Arvind Khicha	Joint President of Taxation & Insurance	no data	₹3.07m	no data
Narip Bajwa	Senior Vice President of Marketing	6.5yrs	no data	no data
Himanshu Dewan	Senior Vice President of Marketing	6.5yrs	no data	no data

6.5yrs

Average Tenure

55yo

Average Age

Experienced Management: 500387's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Neeraj Akhoury	MD & Director	1.6yrs	₹144.37m	no data
Zubair Ahmed	Non-Executive Independent Director	2yrs	₹3.07m	no data
Uma Ghurka	Non-Executive Independent Director	4.5yrs	₹3.75m	no data
Shreekant Somany	Independent & Non-Executive Director	23.6yrs	₹4.20m	no data
Prashant Bangur	Vice Chairman	11.8yrs	₹295.20m	1.08% ₹ 10.0b
Hari Bangur	Chairman	31.8yrs	₹547.49m	1.35% ₹ 12.6b
Benu Bangur	Chairman Emeritus	1.6yrs	no data	no data
Sanjiv Shelgikar	Non-Executive Independent Director	8.8yrs	₹4.50m	no data

6.6yrs

Average Tenure

69yo

Average Age

Experienced Board: 500387's board of directors are considered experienced (6.6 years average tenure).

Shree Cement Management

Management criteria checks 2/4

Key information

Recent management updates

Shree Cement Limited Announces Resignation of Nitin Dayalji Desai as Independent Director

Shree Cement Limited Announces Resignation of Pramesh Arya, Joint President - Marketing, Effective January 17, 2024

Shree Cement Limited Announces Executive Changes

Shree Cement Limited, Annual General Meeting, Jul 26, 2023

Shree Cement Limited Announces Resignation of Prakash Narayan Chhangani as Whole Time Director

Shree Cement Limited Announces the Resignation of R.L. Gaggar as Independent Director

Recent updates

Shree Cement Limited to Report Q4, 2024 Results on May 14, 2024

Shree Cement Limited Announces Resignation of Nitin Dayalji Desai as Independent Director

Price target increased by 7.1% to ₹28,321

Dividend of ₹50.00 announced

Third quarter 2024 earnings released: EPS: ₹195 (vs ₹78.18 in 3Q 2023)

Price target increased by 7.3% to ₹27,767

Shree Cement Limited to Report Q3, 2024 Results on Jan 31, 2024

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Shree Cement Limited Announces Resignation of Pramesh Arya, Joint President - Marketing, Effective January 17, 2024

Shree Cement Limited to Report Q2, 2024 Results on Nov 07, 2023

Shree Cement Limited Announces Executive Changes

Adani Group's Ambuja-ACC, JK Lakshmi Reportedly Lead Race to Acquire Sanghi Cement

Shree Cement Limited to Report Q1, 2024 Results on Jul 26, 2023

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Shree Cement Limited, Annual General Meeting, Jul 26, 2023

Upcoming dividend of ₹55.00 per share at 0.5% yield

Shree Cement Limited Declares Second Interim Dividend for the Year Ended 2023

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Shree Cement Limited Announces Resignation of Prakash Narayan Chhangani as Whole Time Director

Third quarter 2023 earnings released: EPS: ₹78.18 (vs ₹134 in 3Q 2022)

Shree Cement Limited to Report Q3, 2023 Results on Feb 08, 2023

Shree Cement Limited Announces the Resignation of R.L. Gaggar as Independent Director

Shree Cement Limited(NSEI:SHREECEM) dropped from Nifty 50

Shree Cement Limited Announces Resignation of Mr. Benu Gopal Bangur as Director and Chairman

Shree Cement Limited(NSEI:SHREECEM) dropped from Nifty 50

Shree Cement Limited to Report Q2, 2023 Results on Oct 14, 2022

Investor sentiment improved over the past week

Shree Cement Limited Announces Resignation of Dr. Y.K. Alagh as Independent Director

Shree Cement Limited Approves Final Dividend for the Financial Ended 31st March 2022

Upcoming dividend of ₹45.00 per share

Shree Cement Limited to Report Q1, 2023 Results on Jul 28, 2022

Shree Cement Limited, Annual General Meeting, Jul 28, 2022

Shree Cement Limited Recommends Final Dividend for the Year Ended 31 March 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Shree Cement Limited Appoints Zubair Ahmed as an Additional Director

ArcelorMittal Joins the Race to Buy Holcim’s Stake in Ambuja Cement and ACC

Insufficient new directors

Shree Cement Limited to Report Q4, 2022 Results on May 21, 2022

Holcim Reportedly May Exit India Putting its Twin Listed Arms Ambuja Cements and ACC Up for Sale

Shree Cement Limited Declares Interim Dividend for the Financial Year 2021-22, Payable from 28 February 2022

Third quarter 2022 earnings: EPS exceeds analyst expectations

Second quarter 2022 earnings released: EPS ₹156 (vs ₹146 in 2Q 2021)

Investor sentiment improved over the past week

Insufficient new directors

Full year 2021 earnings released: EPS ₹634 (vs ₹435 in FY 2020)

Full year 2021 earnings released: EPS ₹634 (vs ₹435 in FY 2020)

Shree Cement Limited Recommends Final Dividend for the Financial Year Ended 31 March, 2021

New 90-day high: ₹28,707

Investor sentiment improved over the past week

New 90-day high: ₹26,411

Third quarter 2021 earnings released: EPS ₹175 (vs ₹87.55 in 3Q 2020)

Revenue and earnings beat expectations

Shree Cement Limited to Report Q3, 2021 Results on Jan 30, 2021

New 90-day high: ₹25,010

New 90-day high: ₹24,910

Price target raised to ₹22,696

Second quarter 2021 earnings released: EPS ₹146

Revenue and earnings beat expectations

New 90-day high: ₹22,791

New 90-day low: ₹18,905

Shree Cement Limited (NSEI:SHREECEM) agreed to acquire 76% stake in Quess East Bengal FC Private Limited.

New 90-day low - ₹20,286

Price target raised to ₹20,489

Earnings released

Shree Cement Limited to Report Q4, 2020 Results on Aug 10, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation