Primo Chemicals Management

Management criteria checks 2/4

Primo Chemicals' CEO is Naveen Chopra, appointed in Oct 2020, has a tenure of 4.08 years. total yearly compensation is ₹60.40M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 17.54% of the company’s shares, worth ₹1.59B. The average tenure of the management team and the board of directors is 2.3 years and 4.1 years respectively.

Key information

Naveen Chopra

Chief executive officer

₹60.4m

Total compensation

CEO salary percentage	100.0%
CEO tenure	4.1yrs
CEO ownership	17.5%
Management average tenure	2.3yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Naveen Chopra's remuneration changed compared to Primo Chemicals's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-₹64m
Jun 30 2024	n/a	n/a	-₹323m
Mar 31 2024	₹60m	₹60m	-₹253m
Dec 31 2023	n/a	n/a	-₹148m
Sep 30 2023	n/a	n/a	₹304m
Jun 30 2023	n/a	n/a	₹817m
Mar 31 2023	₹56m	₹56m	₹1b
Dec 31 2022	n/a	n/a	₹2b
Sep 30 2022	n/a	n/a	₹2b
Jun 30 2022	n/a	n/a	₹958m
Mar 31 2022	₹577m	n/a	₹592m
Dec 31 2021	n/a	n/a	₹191m
Sep 30 2021	n/a	n/a	-₹202m
Jun 30 2021	n/a	n/a	₹205m
Mar 31 2021	₹287m	n/a	₹82m
Dec 31 2020	n/a	n/a	₹19m
Sep 30 2020	n/a	n/a	-₹17m
Jun 30 2020	n/a	n/a	-₹65m
Mar 31 2020	₹4m	₹4m	₹88m

Compensation vs Market: Naveen's total compensation ($USD715.24K) is above average for companies of similar size in the Indian market ($USD42.63K).

Compensation vs Earnings: Naveen's compensation has increased whilst the company is unprofitable.

CEO

Naveen Chopra (54 yo)

4.1yrs

Tenure

₹60,399,000

Compensation

Mr. Naveen Chopra has been Director of Marketing and Executive Director at Primo Chemicals Limited (formerly known as Punjab Alkalies & Chemicals Limited) since May 28, 2019 and has been its Managing Direc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Naveen Chopra	MD, Director of Marketing & Executive Director	4.1yrs	₹60.40m	17.54% ₹ 1.6b
Sugandha Kukreja	Company Secretary & Compliance Officer	8.1yrs	₹2.66m	no data
Jatin Dahiya	Executive Director	3.6yrs	₹32.06m	2.26% ₹ 205.5m
Sunil Parsad	Chief Financial Officer	less than a year	no data	no data
Munish Aggarwal	Senior Vice President of Tech	1.7yrs	no data	no data
Devender Singh Saini	Deputy General Manager of Sales	no data	no data	no data
Ranjit Marwah	CHRO	2.3yrs	no data	no data
Sanjeev Saunkhla	Chief IT Officer	1.9yrs	no data	no data

2.3yrs

Average Tenure

Experienced Management: 506852's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Naveen Chopra	MD, Director of Marketing & Executive Director	5.5yrs	₹60.40m	17.54% ₹ 1.6b
Jatin Dahiya	Executive Director	4.1yrs	₹32.06m	2.26% ₹ 205.5m
Tilak Bajalia	Independent Non-Executive Director	4.1yrs	₹1.38m	no data
Sukhbir Dahiya	Chairman of the Board	4.1yrs	₹1.73m	10.43% ₹ 947.4m
Jagbir Ahlawat	Non Executive Non Independent Director	4.1yrs	₹650.00k	6.4% ₹ 580.9m
Ashok Goyal	Independent Non-Executive Director	4.1yrs	₹2.45m	no data
Kuldip Suhag	Independent Non-Executive Director	4.1yrs	₹1.38m	0.031% ₹ 2.8m
Teesta Sandhu	Independent Woman Director	2.9yrs	₹725.00k	0.014% ₹ 1.3m

4.1yrs

Average Tenure

62yo

Average Age

Experienced Board: 506852's board of directors are considered experienced (4.1 years average tenure).

Primo Chemicals Management

Management criteria checks 2/4

Key information

Recent management updates

Insider recently sold ₹948k worth of stock

Primo Chemicals Limited, Annual General Meeting, Sep 27, 2024

Primo Chemicals Limited Announces Chief Financial Officer Changes, Effective from July 1, 2024

Primo Chemicals Limited Announces Chief Financial Officer Changes, Effective from July 1, 2024

Primo Chemicals Limited, Annual General Meeting, Sep 29, 2023

High number of new and inexperienced directors

Recent updates

Insider recently sold ₹948k worth of stock

Primo Chemicals Limited to Report Q2, 2025 Results on Nov 12, 2024

First quarter 2025 earnings released: ₹0.46 loss per share (vs ₹0.18 loss in 1Q 2024)

Primo Chemicals Limited, Annual General Meeting, Sep 27, 2024

Primo Chemicals Limited to Report Q1, 2025 Results on Aug 12, 2024

Full year 2024 earnings released: ₹1.05 loss per share (vs ₹5.67 profit in FY 2023)

Primo Chemicals Limited Announces Chief Financial Officer Changes, Effective from July 1, 2024

Primo Chemicals Limited Announces Chief Financial Officer Changes, Effective from July 1, 2024

Primo Chemicals Limited to Report Q4, 2024 Results on May 30, 2024

New major risk - Share price stability

New minor risk - Share price stability

New minor risk - Market cap size

Third quarter 2024 earnings released: ₹0.63 loss per share (vs ₹1.24 profit in 3Q 2023)

Second quarter 2024 earnings released: ₹0.53 loss per share (vs ₹1.72 profit in 2Q 2023)

Primo Chemicals Limited to Report Q2, 2024 Results on Nov 04, 2023

First quarter 2024 earnings released: ₹0.18 loss per share (vs ₹1.98 profit in 1Q 2023)

Primo Chemicals Limited, Annual General Meeting, Sep 29, 2023

Primo Chemicals Limited to Report Q1, 2024 Results on Aug 14, 2023

Full year 2023 earnings released: EPS: ₹5.67 (vs ₹2.50 in FY 2022)

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 21%

Third quarter 2023 earnings released: EPS: ₹1.24 (vs ₹1.77 in 3Q 2022)

Primo Chemicals Limited to Report Q3, 2023 Results on Feb 10, 2023

Primo Chemicals Limited Announces Commissioning of Stable Bleaching Powder ((SBP) Plant At Naya Nangal, Punjab

High number of new and inexperienced directors

Second quarter 2023 earnings released: EPS: ₹1.72 (vs ₹1.57 loss in 2Q 2022)

Punjab Alkalies & Chemicals Limited to Report Q2, 2023 Results on Oct 28, 2022

Punjab Alkalies & Chemicals Limited, Annual General Meeting, Sep 15, 2022

First quarter 2023 earnings released: EPS: ₹1.98 (vs ₹0.48 in 1Q 2022)

Punjab Alkalies & Chemicals Limited to Report Q1, 2023 Results on Aug 01, 2022

Investor sentiment deteriorated over the past week

Full year 2022 earnings released: EPS: ₹13.07 (vs ₹0.59 in FY 2021)

High number of new and inexperienced directors

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

Punjab Alkalies & Chemicals Limited to Report Q3, 2022 Results on Feb 11, 2022

Independent Non-Executive Director recently bought ₹146k worth of stock

Insider recently bought ₹1.0m worth of stock

Second quarter 2022 earnings released: ₹7.87 loss per share (vs ₹1.28 profit in 2Q 2021)

Investor sentiment improved over the past week

Additional Independent Director Sanjiv Agarwal has left the company

Additional Independent Director Girish Bhagat has left the company

First quarter 2022 earnings released: EPS ₹2.41 (vs ₹1.23 loss in 1Q 2021)

Investor sentiment improved over the past week

Punjab Alkalies & Chemicals Limited announced that it has received INR 324 million in funding from Plutus Wealth Management LLP and other investors

Full year 2021 earnings released: EPS ₹2.97 (vs ₹3.24 in FY 2020)

Punjab Alkalies & Chemicals Limited announced that it expects to receive INR 324 million in funding from Plutus Wealth Management LLP, and other investors

New 90-day high: ₹61.70

Third quarter 2021 earnings released: EPS ₹1.32 (vs ₹0.02 loss in 3Q 2020)

Punjab Alkalies & Chemicals Limited to Report Q3, 2021 Results on Feb 12, 2021

Punjab Alkalies & Chemicals Limited Announces Board Appointments

New 90-day high: ₹55.35

Punjab Alkalies & Chemicals Limited Approves Directorate Appointment

New 90-day low: ₹44.30

First half earnings released

Punjab Alkalies & Chemicals Limited to Report Q1, 2021 Results on Aug 14, 2020

New 90-day high - ₹50.95

First quarter earnings released

New 90-day high - ₹40.85

New 90-day low - ₹29.25

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age