SRF Management

Management criteria checks 2/4

SRF's CEO is Ashish Ram, appointed in Apr 2022, has a tenure of 2.08 years. total yearly compensation is ₹213.70M, comprised of 37.9% salary and 62.1% bonuses, including company stock and options. directly owns 0.008% of the company’s shares, worth ₹65.45M. The average tenure of the management team and the board of directors is 5.1 years and 5.2 years respectively.

Key information

Ashish Ram

Chief executive officer

₹213.7m

Total compensation

CEO salary percentage	37.9%
CEO tenure	2.1yrs
CEO ownership	0.008%
Management average tenure	5.1yrs
Board average tenure	5.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ashish Ram's remuneration changed compared to SRF's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹15b
Sep 30 2023	n/a	n/a	₹17b
Jun 30 2023	n/a	n/a	₹19b
Mar 31 2023	₹214m	₹81m	₹22b
Dec 31 2022	n/a	n/a	₹22b
Sep 30 2022	n/a	n/a	₹22b
Jun 30 2022	n/a	n/a	₹21b
Mar 31 2022	₹128m	₹49m	₹19b
Dec 31 2021	n/a	n/a	₹17b
Sep 30 2021	n/a	n/a	₹15b
Jun 30 2021	n/a	n/a	₹14b
Mar 31 2021	₹94m	₹38m	₹12b
Dec 31 2020	n/a	n/a	₹10b
Sep 30 2020	n/a	n/a	₹10b
Jun 30 2020	n/a	n/a	₹9b
Mar 31 2020	₹79m	₹32m	₹9b
Dec 31 2019	n/a	n/a	₹10b
Sep 30 2019	n/a	n/a	₹8b
Jun 30 2019	n/a	n/a	₹6b
Mar 31 2019	₹59m	₹18m	₹6b
Dec 31 2018	n/a	n/a	₹6b
Sep 30 2018	n/a	n/a	₹5b
Jun 30 2018	n/a	n/a	₹5b
Mar 31 2018	₹51m	₹16m	₹5b

Compensation vs Market: Ashish's total compensation ($USD2.56M) is above average for companies of similar size in the Indian market ($USD572.91K).

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

CEO

Ashish Ram (55 yo)

2.1yrs

Tenure

₹213,700,000

Compensation

Mr. Ashish Bharat Ram, MBA serves as Independent Non-Executive Director at Havells India Limited since 2021. He served as Independent Additional Director at Havells India Limited since May 20, 2021 until 2...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ashish Ram	Chairman & MD	2.1yrs	₹213.70m	0.0084% ₹ 65.4m
Kartik Ram	Joint MD & Executive Director	2.1yrs	₹216.00m	0.0084% ₹ 65.4m
Pramod Gujarathi	Director of Safety & Environment and Whole Time Director	7.1yrs	₹2.30m	no data
Sanjay Rao	President & CIO	6.3yrs	no data	no data
Rahul Jain	President & CFO	5.1yrs	₹21.20m	no data
Ajay Chowdhury	President & CHRO	no data	no data	no data
Sunil Gulpadia	Senior Vice President of Finance & Account	29.8yrs	₹2.65m	no data
Rajat Lakhanpal	VP of Corporate Compliance	5.1yrs	₹7.80m	no data
Nitika Dhawan	Head of Corporate Communications	no data	no data	no data
Viney Dua	Head of Special Projects	no data	₹3.19m	no data
Meenakshi Gopinath	Director of CSR & Non-Executive Non-Independent Director	no data	₹700.00k	no data
Prashant Yadav	President and CEO of Fluorochemicals Business & Technical Textiles Business	no data	₹56.60m	no data

5.1yrs

Average Tenure

55yo

Average Age

Experienced Management: 503806's management team is seasoned and experienced (5.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ashish Ram	Chairman & MD	19yrs	₹213.70m	0.0084% ₹ 65.4m
Kartik Ram	Joint MD & Executive Director	18yrs	₹216.00m	0.0084% ₹ 65.4m
Pramod Gujarathi	Director of Safety & Environment and Whole Time Director	7.1yrs	₹2.30m	no data
Meenakshi Gopinath	Director of CSR & Non-Executive Non-Independent Director	no data	₹700.00k	no data
Puneet Dalmia	Independent Director	5.1yrs	₹2.00m	no data
Raj Jain	Independent Director	2yrs	₹2.10m	no data
Arun Ram	Chairman Emeritus	2.1yrs	₹124.10m	0.030% ₹ 229.2m
Bharti Ramola	Independent Non-Executive Director	5.3yrs	₹2.20m	no data
Yash Gupta	Independent Director	5.1yrs	₹2.10m	0.0011% ₹ 8.4m

5.2yrs

Average Tenure

64yo

Average Age

Experienced Board: 503806's board of directors are considered experienced (5.2 years average tenure).

SRF Management

Management criteria checks 2/4

Key information

Recent management updates

SRF Limited, Annual General Meeting, Jun 30, 2023

SRF Limited, Annual General Meeting, Jun 30, 2023

SRF Limited, Annual General Meeting, Jul 21, 2022

Insufficient new directors

Insufficient new directors

SRF Limited Appoints Vellayan Subbiah as the Chairman of the Board of Directors with Effect from April 1, 2022

Recent updates

Consensus EPS estimates fall by 14%

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

SRF Limited Approves Second Interim Dividend for Financial Year 2023-24, Payable on 28 February, 2024

SRF Limited to Report Q3, 2024 Results on Jan 30, 2024

Second quarter 2024 earnings released: EPS: ₹10.15 (vs ₹16.23 in 2Q 2023)

SRF Limited to Report Q2, 2024 Results on Oct 27, 2023

Consensus EPS estimates fall by 16%

Price target decreased by 8.5% to ₹2,616

SRF Limited Declares Interim Dividend, Payable on August 22, 2023

First quarter 2024 earnings: EPS and revenues miss analyst expectations

SRF Limited to Report Q1, 2024 Results on Jul 24, 2023

Full year 2023 earnings: EPS and revenues exceed analyst expectations

SRF Limited, Annual General Meeting, Jun 30, 2023

SRF Limited, Annual General Meeting, Jun 30, 2023

Full year 2023 earnings: EPS and revenues exceed analyst expectations

SRF Limited Declares Interim Dividend for the Year 2022-2023, Payable on February 28, 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

SRF Limited to Report Q3, 2023 Results on Jan 30, 2023

Second quarter 2023 earnings: EPS misses analyst expectations

SRF Limited to Report Q2, 2023 Results on Nov 03, 2022

SRF Limited to Report Q1, 2023 Results on Jul 21, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

SRF Limited, Annual General Meeting, Jul 21, 2022

Insufficient new directors

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Insufficient new directors

SRF Limited Appoints Vellayan Subbiah as the Chairman of the Board of Directors with Effect from April 1, 2022

Investor sentiment improved over the past week

Consensus EPS estimates increase by 18%

Price target increased to ₹2,472

Third quarter 2022 earnings: Revenues exceed analyst expectations

Price target increased to ₹2,129

Consensus EPS estimates increase to ₹264

Investor sentiment improved over the past week

Price target increased to ₹7,529

First quarter 2022 earnings released: EPS ₹66.72 (vs ₹30.77 in 1Q 2021)

Price target increased to ₹6,620

Full year 2021 earnings released: EPS ₹206 (vs ₹159 in FY 2020)

Insider recently bought ₹1.3m worth of stock

Insider recently bought ₹550k worth of stock

Price target raised to ₹6,000

Third quarter 2021 earnings released: EPS ₹55.01

Earnings beat expectations, revenue disappoints

SRF Limited to Report Q3, 2021 Results on Jan 21, 2021

New 90-day high: ₹5,572

New 90-day high: ₹5,332

Independent Director recently bought ₹1.0m worth of stock

Analysts increase EPS estimates to ₹182

Price target raised to ₹4,892

Revenue and earnings beat expectations

Second quarter 2021 earnings released: EPS ₹54.91

New 90-day high: ₹4,869

SRF Limited to Report Q2, 2021 Results on Nov 04, 2020

New 90-day high: ₹4,464

First quarter earnings released

First-quarter earnings released: Revenue misses expectations

New 90-day high: ₹4,346

Insider recently bought ₹1.4m worth of stock

SRF Limited announced that it expects to receive INR 7.5 billion in funding

New 90-day high - ₹4,336

New 90-day high - ₹3,933

SRF Limited to Report Q1, 2021 Results on Jul 30, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age