Mukand Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Arvind Kulkarni

Chief executive officer

₹11.9m

Total compensation

CEO salary percentage	95.0%
CEO tenure	1.3yrs
CEO ownership	0.002%
Management average tenure	1.9yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Arvind Kulkarni's remuneration changed compared to Mukand's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹2b
Sep 30 2023	n/a	n/a	₹2b
Jun 30 2023	n/a	n/a	₹2b
Mar 31 2023	₹12m	₹11m	₹2b
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	n/a	n/a	₹2b
Dec 31 2021	n/a	n/a	₹684m
Sep 30 2021	n/a	n/a	₹979m
Jun 30 2021	n/a	n/a	-₹31m
Mar 31 2021	n/a	n/a	-₹2b
Dec 31 2020	n/a	n/a	-₹2b
Sep 30 2020	n/a	n/a	-₹4b
Jun 30 2020	n/a	n/a	-₹3b
Mar 31 2020	₹8m	₹8m	-₹2b
Dec 31 2019	n/a	n/a	-₹2b
Sep 30 2019	n/a	n/a	-₹2b
Jun 30 2019	n/a	n/a	-₹1b
Mar 31 2019	₹11m	₹10m	-₹1b
Mar 31 2018	₹12m	₹8m	₹8b

Compensation vs Market: Arvind's total compensation ($USD142.56K) is below average for companies of similar size in the Indian market ($USD271.33K).

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

CEO

Arvind Kulkarni (72 yo)

1.3yrs

Tenure

₹11,900,000

Compensation

Mr. Arvind Madhav Kulkarni serves as Chief Executive Officer at Mukand Limited and serves as its Director since 2023 and served as its Chief of Business Strategy of Steel Division. He served as President a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nirajkumar Bajaj	Chairman & MD	34.8yrs	₹12.80m	8.94% ₹ 2.4b
Arvind Kulkarni	CEO, President & Director	no data	₹11.90m	0.0024% ₹ 644.1k
Shashibhushan Upadhyay	President	1.3yrs	₹1.60m	no data
Dhanesh Goradia	Chief Financial Officer	1.9yrs	no data	no data
Rajendra Sawant	Head of Legal & Secretarial	2yrs	no data	no data
Gurnam Singh	Chief Business Officer of MBD	3.3yrs	no data	no data
Shriram Panse	Chief Commercial Officer	2.3yrs	no data	no data
Niravnayan Bajaj	Whole-Time Director	less than a year	no data	no data
V. Mashruwala	Chief Executive Officer of MSSSL	1.3yrs	no data	no data

1.9yrs

Average Tenure

66yo

Average Age

Experienced Management: 500460's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Nirajkumar Bajaj	Chairman & MD	34.8yrs	₹12.80m	8.94% ₹ 2.4b
Arvind Kulkarni	CEO, President & Director	1.3yrs	₹11.90m	0.0024% ₹ 644.1k
Niravnayan Bajaj	Whole-Time Director	less than a year	no data	no data
Prakash Mehta	Independent Non-Executive Director	16.7yrs	₹1.14m	no data
Radhakrishnan Sankaran	Non-Executive Independent Director	5yrs	₹1.18m	0.00034% ₹ 89.8k
Amit Yadav	Independent Non-Executive Director	9.5yrs	₹900.00k	0.00093% ₹ 245.5k
Bharti Gandhi	Independent Non-Executive Director	9.3yrs	₹670.00k	0.013% ₹ 3.5m

9.3yrs

Average Tenure

72yo

Average Age

Experienced Board: 500460's board of directors are considered experienced (9.3 years average tenure).

Mukand Management

Management criteria checks 3/4

Key information

Recent management updates

Mukand Limited, Annual General Meeting, Aug 11, 2023

Insufficient new directors

Mukand Limited Approves the Resignation of A M Kulkarni as Whole-Time Director, Effective April 12, 2023

Insufficient new directors

Mukand Limited Announces Retirement of U V Joshi as Chief Financial Officer of the Company

Mukand Limited Appoints Dhanesh Goradia as Chief Financial Officer with Effect from June 1, 2022

Recent updates

Investor sentiment improves as stock rises 15%

Third quarter 2024 earnings released: EPS: ₹1.34 (vs ₹1.30 in 3Q 2023)

Investor sentiment improves as stock rises 16%

India Thermal Power Pvt Ltd. completed the acquisition of a 48.3% stake in Stainless India Limited from Mukand Limited (BSE:500460)

Second quarter 2024 earnings released: EPS: ₹1.61 (vs ₹0.17 in 2Q 2023)

Mukand Limited Approves Dividend for the Financial Year Ended March 31, 2023

Investor sentiment improves as stock rises 24%

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: ₹11.89 (vs ₹12.20 in FY 2022)

Mukand Limited, Annual General Meeting, Aug 11, 2023

Upcoming dividend of ₹2.00 per share at 1.6% yield

Mukand Limited to Report Q1, 2024 Results on Aug 11, 2023

Full year 2023 earnings released: EPS: ₹11.89 (vs ₹12.55 in FY 2022)

Insufficient new directors

Mukand Limited Approves the Resignation of A M Kulkarni as Whole-Time Director, Effective April 12, 2023

Third quarter 2023 earnings released: EPS: ₹1.30 (vs ₹2.48 in 3Q 2022)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2023 earnings released: EPS: ₹0.17 (vs ₹1.27 in 2Q 2022)

An unknown promoter group of companies agreed to buy 5.51% stake in Mukand Sumi Special Steel Limited from Mukand Limited (BSE:500460).

Second quarter 2023 earnings released: EPS: ₹0.17 (vs ₹1.27 in 2Q 2022)

Mukand Limited Approves Dividend for the Financial Year Ended 31, 2022

Full year 2022 earnings released: EPS: ₹12.55 (vs ₹14.41 loss in FY 2021)

Mukand Limited to Report Q4, 2023 Results on May 30, 2023

Insufficient new directors

Mukand Limited Announces Retirement of U V Joshi as Chief Financial Officer of the Company

Full year 2022 earnings released: EPS: ₹12.55 (vs ₹14.41 loss in FY 2021)

Mukand Limited Appoints Dhanesh Goradia as Chief Financial Officer with Effect from June 1, 2022

Mukand Limited to Report Q4, 2022 Results on May 17, 2022

Mukand Limited Announces Retirement of Shri K J Mallya as Company Secretary & Compliance Officer

Mukand Limited Announces Demise of Pratap V Ashar, a Non-Executive Director

Investor sentiment improved over the past week

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

Second quarter 2022 earnings released: EPS ₹1.27 (vs ₹5.87 loss in 2Q 2021)

Joint MD & Whole Time Director Suketu Shah has left the company

Co-Chairman & MD Rajesh Shah has left the company

Upcoming dividend of ₹1.00 per share

First quarter 2022 earnings released: EPS ₹5.43 (vs ₹8.77 loss in 1Q 2021)

Co-Chairman & MD recently sold ₹1.1b worth of stock

Full year 2021 earnings released: ₹14.41 loss per share (vs ₹16.96 loss in FY 2020)

Mukand Limited Recommends Dividend for the Fiscal Year 2020-21

New 90-day low: ₹58.50

Third quarter 2021 earnings released: EPS ₹4.56 (vs ₹4.67 loss in 3Q 2020)

New 90-day high: ₹64.55

New 90-day high: ₹58.45

Second quarter 2021 earnings released: ₹5.87 loss per share

New 90-day high: ₹51.10

Mukand Limited to Report Q3, 2021 Results on Feb 14, 2021

First quarter earnings released

New 90-day high - ₹30.30

First quarter earnings released

Mukand Limited to Report Q1, 2021 Results on Aug 31, 2020

New 90-day high - ₹25.55

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age