Bodal Chemicals Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Sureshbhai Patel

Chief executive officer

₹23.8m

Total compensation

CEO salary percentage	68.2%
CEO tenure	19yrs
CEO ownership	33.7%
Management average tenure	11.5yrs
Board average tenure	7.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sureshbhai Patel's remuneration changed compared to Bodal Chemicals's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	₹65m
Dec 31 2023	n/a	n/a	₹72m
Sep 30 2023	n/a	n/a	₹87m
Jun 30 2023	n/a	n/a	₹177m
Mar 31 2023	₹24m	₹16m	₹380m
Dec 31 2022	n/a	n/a	₹676m
Sep 30 2022	n/a	n/a	₹896m
Jun 30 2022	n/a	n/a	₹1b
Mar 31 2022	₹74m	₹16m	₹1b
Dec 31 2021	n/a	n/a	₹1b
Sep 30 2021	n/a	n/a	₹1b
Jun 30 2021	n/a	n/a	₹916m
Mar 31 2021	₹37m	₹16m	₹420m
Dec 31 2020	n/a	n/a	₹418m
Sep 30 2020	n/a	n/a	₹297m
Jun 30 2020	n/a	n/a	₹406m
Mar 31 2020	₹55m	₹16m	₹872m
Dec 31 2019	n/a	n/a	₹941m
Sep 30 2019	n/a	n/a	₹1b
Jun 30 2019	n/a	n/a	₹1b
Mar 31 2019	₹55m	₹11m	₹1b
Dec 31 2018	n/a	n/a	₹2b
Sep 30 2018	n/a	n/a	₹2b
Jun 30 2018	n/a	n/a	₹1b
Mar 31 2018	₹11m	₹11m	₹1b

Compensation vs Market: Sureshbhai's total compensation ($USD285.05K) is above average for companies of similar size in the Indian market ($USD38.43K).

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

CEO

Sureshbhai Patel (68 yo)

19yrs

Tenure

₹23,765,753

Compensation

Mr. Sureshbhai Jayantibhai Patel is Founder of Bodal Chemicals Pvt. Ltd. Mr. Patel has been Chairman and Managing Director of Bodal Chemicals Ltd.(formerly Bodal Chemicals Limited) since May 13, 2006 and...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sureshbhai Patel	Chairman	no data	₹23.77m	33.66% ₹ 3.3b
Mayur Padhya	Chief Financial Officer	11.2yrs	₹6.50m	no data
Bhavin Patel	Executive Director	no data	₹12.30m	8.34% ₹ 809.2m
Ankit Patel	Executive Director	no data	₹12.91m	5.77% ₹ 559.8m
Rajarshi Ghosh	Director of Health	no data	₹2.34m	no data
Harjeet Sandhu	Vice President	no data	₹4.88m	no data
Bansibhai Patel	President of Production & Technical	no data	₹3.00m	0.025% ₹ 2.4m
Ashutosh Bhatt	Company Secretary & Compliance Officer	11.9yrs	₹1.36m	no data
Prasad Pujari	Head of Sulphuric Products Division	15.8yrs	no data	no data
Bipinbhai Patel	Head of Production Dyestuff Division	5.3yrs	no data	no data

11.5yrs

Average Tenure

55yo

Average Age

Experienced Management: 524370's management team is seasoned and experienced (11.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sureshbhai Patel	Chairman	19yrs	₹23.77m	33.66% ₹ 3.3b
Bhavin Patel	Executive Director	19yrs	₹12.30m	8.34% ₹ 809.2m
Ankit Patel	Executive Director	16.1yrs	₹12.91m	5.77% ₹ 559.8m
Rajarshi Ghosh	Director of Health	4.1yrs	₹2.34m	no data
Neha Huddar	Independent Director	7.1yrs	₹310.00k	0.00079% ₹ 76.6k
Mayank Mehta	Additional Independent Director	3.3yrs	₹200.00k	no data
Nalin Kumar	Independent Director	7.3yrs	₹350.00k	no data
Rohit Maloo	Independent Non-Executive Director	1.5yrs	₹10.00k	no data

7.2yrs

Average Tenure

56yo

Average Age

Experienced Board: 524370's board of directors are considered experienced (7.2 years average tenure).

Bodal Chemicals Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Bodal Chemicals Limited, Annual General Meeting, Sep 28, 2023

Bodal Chemicals Limited Announces Board Changes

Bodal Chemicals Limited Announces Demise of Ram Prasad Srivastava, Independent Director

Recent updates

Bodal Chemicals Limited Decides to Permanently Stop Production Activities at the Manufacturing Facilities of Unit-1, Unit3 and Unit-4 Located at Vatva Gidc, Ahmedabad, Gujarat

Bodal Chemicals Limited to Report Fiscal Year 2024 Results on May 24, 2024

Now 20% undervalued after recent price drop

Now 23% undervalued after recent price drop

Now 24% undervalued after recent price drop

Bodal Chemicals Limited announced that it expects to receive INR 214 million in funding

Insufficient new directors

Now 20% undervalued

Price target increased by 7.7% to ₹90.50

Third quarter 2024 earnings released: EPS: ₹0.08 (vs ₹0.19 in 3Q 2023)

Bodal Chemicals Limited to Report Q3, 2024 Results on Feb 13, 2024

Second quarter 2024 earnings released: EPS: ₹0.09 (vs ₹0.78 in 2Q 2023)

Bodal Chemicals Limited to Report Q2, 2024 Results on Nov 06, 2023

Bodal Chemicals Limited Declares Dividend for the Fiscal Year 2023

Upcoming dividend of ₹0.10 per share at 0.1% yield

Bodal Chemicals Limited Proposes Final Dividend for the Financial Year 2022-23

Consensus revenue estimates fall by 12%

Price target increased by 11% to ₹90.00

First quarter 2024 earnings released: EPS: ₹0.18 (vs ₹1.95 in 1Q 2023)

Bodal Chemicals Limited, Annual General Meeting, Sep 28, 2023

Bodal Chemicals Limited to Report Q1, 2024 Results on Aug 11, 2023

Investor sentiment improves as stock rises 15%

Full year 2023 earnings released: EPS: ₹3.03 (vs ₹8.79 in FY 2022)

Bodal Chemicals Limited Recommends Final Dividend for the Financial Year 2022-23

Bodal Chemicals Limited to Report Q4, 2023 Results on May 30, 2023

Price target decreased by 40% to ₹85.00

Bodal Chemicals Limited Decides to Dismantle Manufacturing Facilities of Unit- 2

Bodal Chemicals Limited to Report Q3, 2023 Results on Feb 14, 2023

Bodal Chemicals Limited Announces Board Changes

Second quarter 2023 earnings released: EPS: ₹0.78 (vs ₹2.06 in 2Q 2022)

Bodal Chemicals Limited Approves Dividend for the Financial Year 2021-22

Upcoming dividend of ₹0.80 per share

Bodal Chemicals Limited Proposes Dividend for the Financial Year 2021-22

First quarter 2023 earnings released: EPS: ₹1.95 (vs ₹2.44 in 1Q 2022)

Bodal Chemicals Limited to Report Q1, 2023 Results on Aug 09, 2022

Full year 2022 earnings released: EPS: ₹8.79 (vs ₹3.43 in FY 2021)

Bodal Chemicals Limited Recommends Final Dividend for the Financial Year 2021-22

Bodal Chemicals Limited (BSE:524370) completed the acquisition of remaining 20% stake in Sener Boya Kimya Tekstil Anonim Sirketi.

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Bodal Chemicals Limited (BSE:524370) agreed to acquire remaining 20% stake in Sener Boya Kimya Tekstil Anonim Sirketi for INR 320 million.

Bodal Chemicals Limited to Report Q3, 2022 Results on Feb 11, 2022

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Upcoming dividend of ₹0.80 per share

First quarter 2022 earnings released: EPS ₹2.44 (vs ₹1.60 loss in 1Q 2021)

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹3.25 (vs ₹7.16 in FY 2020)

Price target increased to ₹103

Investor sentiment improved over the past week

New 90-day low: ₹68.85

Third quarter 2021 earnings released: EPS ₹2.16 (vs ₹1.05 in 3Q 2020)

Bodal Chemicals Limited (BSE:524370) entered into business transfer agreement to acquire Siel Chemical Complex from Mawana Sugars Limited (BSE:523371) for INR 1370 million.

Bodal Chemicals Limited to Report Q3, 2021 Results on Feb 09, 2021

Bodal Chemicals Limited Announces Demise of Ram Prasad Srivastava, Independent Director

Investor sentiment improved over the past week

New 90-day high: ₹82.80

New 90-day high: ₹72.30

Second quarter 2021 earnings released: EPS ₹0.95

Bodal Chemicals Limited to Report Q2, 2021 Results on Nov 10, 2020

New 90-day low: ₹62.85

Price target lowered to ₹79.00

First quarter earnings released

Bodal Chemicals Limited to Report Q1, 2021 Results on Aug 14, 2020

Bodal Chemicals Limited (BSE:524370) completed the acquisition of 80% stake in Sener Soya Kimya Tekstil Sanayi Ve Ticaret.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure