Finolex Industries Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Ajit Venkataraman

Chief executive officer

₹19.6m

Total compensation

CEO salary percentage	100.0%
CEO tenure	1.8yrs
CEO ownership	n/a
Management average tenure	less than a year
Board average tenure	4.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ajit Venkataraman's remuneration changed compared to Finolex Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	₹5b
Dec 31 2023	n/a	n/a	₹5b
Sep 30 2023	n/a	n/a	₹5b
Jun 30 2023	n/a	n/a	₹3b
Mar 31 2023	₹20m	₹20m	₹3b

Compensation vs Market: Ajit's total compensation ($USD234.87K) is below average for companies of similar size in the Indian market ($USD565.55K).

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

CEO

Ajit Venkataraman

1.8yrs

Tenure

₹19,600,000

Compensation

Mr. Ajit Venkataraman served as Chief Executive Officer of Finolex Industries Limited since August 1, 2022 until June 01, 2023 and serves as its Managing Director & Additional Director since June 01, 2023....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Prakash Chhabria	Executive Chairman	32.3yrs	₹114.40m	0.14% ₹ 284.2m
Ajit Venkataraman	MD & Additional Director	1.8yrs	₹19.60m	no data
Niraj Kedia	CFO & Chief Risk Officer	2.1yrs	₹9.50m	no data
Saumya Chakrabarti	Director of Technical & Whole-Time Director	2yrs	₹15.50m	no data
Harish Dash	Chief Information Officer & Grievance Officer	less than a year	no data	no data
Dakshinamurthy Iyer	Company Secretary & Compliance Officer	less than a year	no data	no data
Pradeep Vedula	President of Sales & Marketing	less than a year	no data	no data
Sarita Tripathi	Chief Human Resources Officer	less than a year	no data	no data
Arun Sonawane	President of Operation Pipes & Fittings	no data	no data	no data
Shreedatta Albur	President of Operations of PVC DIVISION	less than a year	no data	no data
Rajeev Singh	Head of Operations at Pipes division	less than a year	no data	no data
Swad Deshpande	Head of Purchase	less than a year	no data	no data

0.5yrs

Average Tenure

Experienced Management: 500940's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Prakash Chhabria	Executive Chairman	32.3yrs	₹114.40m	0.14% ₹ 284.2m
Ajit Venkataraman	MD & Additional Director	less than a year	₹19.60m	no data
Saumya Chakrabarti	Director of Technical & Whole-Time Director	2yrs	₹15.50m	no data
Kanchan Chitale	Independent Woman Director	5.2yrs	₹3.90m	no data
Pradeep Kumar Rathi	Independent Director	4.8yrs	₹4.30m	no data
Saurabh Dhanorkar	Non-Executive & Non-Independent Director	6.8yrs	₹3.90m	0.0046% ₹ 9.4m
Anami Narayan Roy	Non-Executive & Independent Director	4.8yrs	₹3.20m	no data
Ritu Chhabria	Non-Executive & Non-Independent Director	9.3yrs	₹3.00m	0.0036% ₹ 7.4m
Deepak Parikh	Non-Executive & Independent Director	4.8yrs	₹3.10m	no data
Bhumika Batra	Non-Executive & Independent Director	4.8yrs	₹3.30m	0.000080% ₹ 164.7k

4.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 500940's board of directors are considered experienced (4.8 years average tenure).

Finolex Industries Management

Management criteria checks 2/4

Key information

Recent management updates

Finolex Industries Limited Announces the Resignation of Niraj Kedia as Chief Financial Officer, Effective June 30, 2024

Finolex Industries Limited Designates Swad Deshpande, Head - Purchase as Senior Management Personnel

Finolex Industries Limited, Annual General Meeting, Aug 28, 2023

Insufficient new directors

Finolex Industries Limited Announces Cessation of Ajit Venkataraman as Chief Executive Officer

High number of new directors

Recent updates

Price target increased by 10% to ₹268

Full year 2024 earnings released: EPS: ₹7.66 (vs ₹4.06 in FY 2023)

Finolex Industries Limited Recommends Final Dividend for the Financial Year Ended March 31, 2024

Finolex Industries Limited to Report Q4, 2024 Results on May 10, 2024

Finolex Industries Limited Announces the Resignation of Niraj Kedia as Chief Financial Officer, Effective June 30, 2024

Investor sentiment improves as stock rises 15%

Price target increased by 7.9% to ₹243

Third quarter 2024 earnings released: EPS: ₹1.54 (vs ₹1.28 in 3Q 2023)

Finolex Industries Limited Designates Swad Deshpande, Head - Purchase as Senior Management Personnel

Finolex Industries Limited to Report Q3, 2024 Results on Jan 18, 2024

Second quarter 2024 earnings released: EPS: ₹1.58 (vs ₹1.54 loss in 2Q 2023)

Finolex Industries Limited to Report Q2, 2024 Results on Oct 21, 2023

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

Upcoming dividend of ₹1.50 per share at 0.7% yield

Finolex Industries Limited, Annual General Meeting, Aug 28, 2023

First quarter 2024 earnings released: EPS: ₹1.86 (vs ₹1.60 in 1Q 2023)

Finolex Industries Limited to Report Q1, 2024 Results on Jul 19, 2023

Insufficient new directors

Finolex Industries Limited Announces Cessation of Ajit Venkataraman as Chief Executive Officer

Price target increased by 8.3% to ₹209

Finolex Industries Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023

Full year 2023 earnings: EPS and revenues miss analyst expectations

Finolex Industries Limited to Report Q4, 2023 Results on May 22, 2023

Third quarter 2023 earnings released: EPS: ₹1.28 (vs ₹2.86 in 3Q 2022)

Finolex Industries Limited to Report Q3, 2023 Results on Feb 04, 2023

Investor sentiment improved over the past week

High number of new directors

Consensus forecasts updated

Second quarter 2023 earnings released: ₹1.54 loss per share (vs ₹3.76 profit in 2Q 2022)

Finolex Industries Limited to Report Q2, 2023 Results on Oct 21, 2022

Consensus forecasts updated

Finolex Industries Limited Approves Special Dividend for the Financial Year Ended March 31, 2022

Upcoming dividend of ₹4.00 per share

Finolex Industries Limited, Annual General Meeting, Aug 30, 2022

Consensus revenue estimates fall by 15%

Price target decreased to ₹188

Finolex Industries Limited Recommends Special Dividend for the Year Ended 31 March 2022

Finolex Industries Limited Appoints Ajit Venkataraman as Chief Executive Officer, Effective August 1, 2022

First quarter 2023 earnings released: EPS: ₹1.60 (vs ₹2.35 in 1Q 2022)

Price target decreased to ₹200

Finolex Industries Limited to Report Q1, 2023 Results on Jul 22, 2022

Sanjay S. Math Ceases to Be Director of Finolex Industries Limited

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Finolex Industries Limited Announces Retirement of Sanjay S. Math, Managing Director

High number of new directors

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased to ₹220

Second quarter 2022 earnings released: EPS ₹3.76 (vs ₹1.98 in 2Q 2021)

Investor sentiment improved over the past week

Finolex Industries Limited Approves Special Dividend for the Financial Year Ended 31 March, 2021

Price target increased to ₹196

First quarter 2022 earnings released: EPS ₹2.35 (vs ₹0.91 in 1Q 2021)

Consensus EPS estimates increase to ₹8.52

Price target increased to ₹165

Finolex Industries Limited Announces Special Dividend for the Financial Year 2020-21

Full year 2021 earnings released: EPS ₹11.89 (vs ₹5.36 in FY 2020)

Consensus forecasts updated

Consensus forecasts updated

Investor sentiment deteriorated over the past week

Analysts increase revenue estimates to ₹32.7b

New 90-day high: ₹673

Price target raised to ₹728

Third quarter 2021 earnings released: EPS ₹20.90 (vs ₹7.94 in 3Q 2020)

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

New 90-day high: ₹664

New 90-day high: ₹652

New 90-day high: ₹588

Analysts update estimates

Analysts increase EPS estimates to ₹23.04