Garg Furnace Limited

BSE:530615 Stock Report

Market Cap: ₹1.3b

Garg Furnace Management

Management criteria checks 2/4

Garg Furnace's CEO is Devinder Garg, appointed in Aug 2023, has a tenure of 1.33 years. directly owns 19.05% of the company’s shares, worth ₹238.79M. The average tenure of the management team and the board of directors is 1.3 years and 1.5 years respectively.

Key information

Devinder Garg

Chief executive officer

₹1.5m

Total compensation

CEO salary percentagen/a
CEO tenure1.3yrs
CEO ownership19.0%
Management average tenure1.3yrs
Board average tenure1.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Devinder Garg's remuneration changed compared to Garg Furnace's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

₹68m

Jun 30 2024n/an/a

₹66m

Mar 31 2024₹1mn/a

₹56m

Dec 31 2023n/an/a

₹66m

Sep 30 2023n/an/a

₹54m

Jun 30 2023n/an/a

₹61m

Mar 31 2023n/an/a

₹59m

Dec 31 2022n/an/a

₹46m

Sep 30 2022n/an/a

₹67m

Jun 30 2022n/an/a

₹58m

Mar 31 2022₹2m₹2m

₹63m

Dec 31 2021n/an/a

-₹15m

Sep 30 2021n/an/a

-₹24m

Jun 30 2021n/an/a

-₹31m

Mar 31 2021₹1m₹1m

-₹47m

Dec 31 2020n/an/a

₹8m

Sep 30 2020n/an/a

₹67m

Jun 30 2020n/an/a

₹28m

Mar 31 2020₹2m₹2m

₹36m

Dec 31 2019n/an/a

₹153m

Sep 30 2019n/an/a

₹65m

Jun 30 2019n/an/a

₹51m

Mar 31 2019₹1m₹1m

₹51m

Dec 31 2018n/an/a

-₹25m

Sep 30 2018n/an/a

-₹24m

Jun 30 2018n/an/a

₹7m

Mar 31 2018₹840k₹840k

-₹1m

Compensation vs Market: Devinder's total compensation ($USD17.47K) is below average for companies of similar size in the Indian market ($USD42.30K).

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

CEO

Devinder Garg (60 yo)

1.3yrs

Tenure

₹1,485,210

Compensation

Sh. Devinder Garg, B.A., has been the Managing Director at Garg Furnace Limited since August 1, 2010. Sh. Garg serves as an Executive Chairman at Garg Furnace Limited and its Executive Director since Janua...

Leadership Team

NamePositionTenureCompensationOwnership
Devinder Garg
Executive Chairman & MD1.3yrs₹1.49m19.05%
₹ 238.8m
Toshak Garg
MD & Director1.3yrs₹750.00k4.71%
₹ 59.0m
Gurmeet Battu
Chief Financial Officer8.9yrsno datano data
Supreena Tagra
Compliance Officer & Company Secretary2.4yrs₹84.07kno data
Vaneera Garg
Whole-Time Woman Directorless than a year₹1.20m38.35%
₹ 480.8m

1.3yrs

Average Tenure

55yo

Average Age

Experienced Management: 530615's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Devinder Garg
Executive Chairman & MD36.9yrs₹1.49m19.05%
₹ 238.8m
Toshak Garg
MD & Director1.3yrs₹750.00k4.71%
₹ 59.0m
Vaneera Garg
Whole-Time Woman Director9.1yrs₹1.20m38.35%
₹ 480.8m
Shruti Gupta
Non-Executive Independent Directorless than a yearno datano data
Amandeep Kaur
Non-Executive Independent Director1.8yrsno datano data
Purti Katyal
Independent Non-Executive Director1.3yrsno datano data

1.5yrs

Average Tenure

35yo

Average Age

Experienced Board: 530615's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 04:42
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Garg Furnace Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

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