Ramkrishna Forgings Management

Management criteria checks 4/4

Ramkrishna Forgings' CEO is Naresh Jalan, appointed in Nov 2006, has a tenure of 17.42 years. total yearly compensation is ₹42.63M, comprised of 48% salary and 52% bonuses, including company stock and options. directly owns 3.24% of the company’s shares, worth ₹4.50B. The average tenure of the management team and the board of directors is 8.3 years and 6.5 years respectively.

Key information

Naresh Jalan

Chief executive officer

₹42.6m

Total compensation

CEO salary percentage	48.0%
CEO tenure	17.4yrs
CEO ownership	3.2%
Management average tenure	8.3yrs
Board average tenure	6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Naresh Jalan's remuneration changed compared to Ramkrishna Forgings's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹3b
Sep 30 2023	n/a	n/a	₹3b
Jun 30 2023	n/a	n/a	₹3b
Mar 31 2023	₹43m	₹20m	₹2b
Dec 31 2022	n/a	n/a	₹3b
Sep 30 2022	n/a	n/a	₹2b
Jun 30 2022	n/a	n/a	₹2b
Mar 31 2022	₹45m	₹16m	₹2b
Dec 31 2021	n/a	n/a	₹1b
Sep 30 2021	n/a	n/a	₹1b
Jun 30 2021	n/a	n/a	₹748m
Mar 31 2021	₹18m	₹11m	₹207m
Dec 31 2020	n/a	n/a	-₹208m
Sep 30 2020	n/a	n/a	-₹333m
Jun 30 2020	n/a	n/a	-₹336m
Mar 31 2020	₹19m	₹12m	₹97m
Dec 31 2019	n/a	n/a	₹422m
Sep 30 2019	n/a	n/a	₹742m
Jun 30 2019	n/a	n/a	₹1b
Mar 31 2019	₹16m	₹10m	₹1b
Mar 31 2018	₹21m	₹10m	₹949m

Compensation vs Market: Naresh's total compensation ($USD511.74K) is about average for companies of similar size in the Indian market ($USD433.80K).

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

CEO

Naresh Jalan (48 yo)

17.4yrs

Tenure

₹42,627,000

Compensation

Mr. Naresh Jalan has been Managing Director of Ramkrishna Forgings Limited since November 5, 2006 and serves as its Executive Director from November 5, 2006 and joined in January 25, 1995. He has done MBA.

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Naresh Jalan	MD & Executive Director	17.4yrs	₹42.63m	3.24% ₹ 4.5b
Lalit Khetan	CFO & Whole Time Director	5.9yrs	₹16.29m	0.058% ₹ 80.3m
Kanchan Chaudhuri	Chief Operating Officer	no data	₹6.60m	no data
Rahul Bagaria	Executive Director of Account & Finance	no data	₹6.42m	no data
Rajesh Mundhra	Chief Risk Officer	no data	₹6.45m	no data
Milesh Gandhi	Executive Director of Marketing	24.2yrs	₹15.25m	no data
Sakti Senapati	Chief People Officer	8yrs	₹8.85m	no data
Kasi Nath	Executive Vice President	11.8yrs	₹26.23m	no data
Chaitanya Jalan	Whole Time Director	4yrs	₹16.33m	1.69% ₹ 2.3b
Shridhar Kulkarni	Chief Operating Officer of North America	8.3yrs	no data	no data

8.3yrs

Average Tenure

50yo

Average Age

Experienced Management: 532527's management team is seasoned and experienced (8.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Naresh Jalan	MD & Executive Director	22.4yrs	₹42.63m	3.24% ₹ 4.5b
Lalit Khetan	CFO & Whole Time Director	3.5yrs	₹16.29m	0.058% ₹ 80.3m
Chaitanya Jalan	Whole Time Director	4.4yrs	₹16.33m	1.69% ₹ 2.3b
Ranaveer Sinha	Non Executive Independent Director	5.2yrs	₹650.00k	0.0035% ₹ 4.8m
Mahabir Jalan	Chairman Emeritus	17.4yrs	₹32.31m	no data
Partha Bhattacharyya	Non-Executive Independent Director	7.9yrs	₹765.00k	no data
Amitabha Guha	Non-Executive Independent Director	9.7yrs	₹990.00k	no data
Sandipan Chakravortty	Non-Executive Independent Director	7.9yrs	₹1.02m	no data
Rekha Bagry	Non-Executive Independent Director	1.9yrs	₹600.00k	0.0019% ₹ 2.7m
Sanjay Kothari	Non-Executive Independent Director	1.9yrs	₹600.00k	no data

6.5yrs

Average Tenure

70.5yo

Average Age

Experienced Board: 532527's board of directors are considered experienced (6.5 years average tenure).

Ramkrishna Forgings Management

Management criteria checks 4/4

Key information

Recent management updates

MD & Executive Director recently bought ₹4.2m worth of stock

Ramkrishna Forgings Limited Approves Re-Designation of Mahabir Prasad Jalan as Non-Executive Director of the Company Designated as "Chairman Emeritus"

Ramkrishna Forgings Limited, Annual General Meeting, Sep 17, 2022

Whole Time Director recently bought ₹145k worth of stock

CFO & Additional Whole Time Director recently bought ₹812k worth of stock

MD & Executive Director recently bought ₹5.0m worth of stock

Recent updates

Price target increased by 9.1% to ₹725

Third quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

MD & Executive Director recently bought ₹4.2m worth of stock

New minor risk - Shareholder dilution

Ramkrishna Forgings Limited has filed a Follow-on Equity Offering.

Price target increased by 11% to ₹648

Upcoming dividend of ₹1.00 per share at 0.3% yield

Ramkrishna Forgings Limited Declares First Interim Dividend for the Financial Year 2023-2024

Ramkrishna Forgings Limited to Report Q2, 2024 Results on Oct 19, 2023

Ramkrishna Forgings Limited Approves Re-Designation of Mahabir Prasad Jalan as Non-Executive Director of the Company Designated as "Chairman Emeritus"

Price target increased by 22% to ₹451

Ramkrishna Forgings Limited (NSEI:RKFORGE) agreed to acquire Multitech Auto Private Limited from Atul Dua and Poonam Dua for INR 2 billion.

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased by 7.9% to ₹356

Upcoming dividend of ₹0.50 per share at 0.6% yield

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of ₹0.50 per share at 0.7% yield

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Ramkrishna Forgings Limited Approves Third Interim Dividend for the Financial Year 2022-2023

Ramkrishna Forgings Limited to Report Q3, 2023 Results on Jan 20, 2023

Ramkrishna Forgings Limited (BSE:532527) agreed to acquire 51% stake in TSUYO Manufacturing Pvt Ltd.

Ramkrishna Forgings Limited announced that it has received INR 235.75 million in funding from Shyama Wealth Management Private Limited, Eastern Credit Capital Ltd

Upcoming dividend of ₹0.50 per share

Ramkrishna Forgings Limited Declares Second Interim Dividend for the Financial Year 2022-2023

Second quarter 2023 earnings released: EPS: ₹4.20 (vs ₹2.76 in 2Q 2022)

Investor sentiment improved over the past week

Ramkrishna Forgings Limited to Report Q2, 2023 Results on Oct 21, 2022

Ramkrishna Forgings Limited announced that it expects to receive INR 235.75 million in funding from Shyama Wealth Management Pvt Ltd, Eastern Credit Capital Ltd, and other investors

Upcoming dividend of ₹0.20 per share

Ramkrishna Forgings Limited Recommends Dividend for the Financial Year 2021-22

Ramkrishna Forgings Limited, Annual General Meeting, Sep 17, 2022

First quarter 2023 earnings released

Ramkrishna Forgings Limited to Report Q1, 2023 Results on Jul 21, 2022

Price target decreased to ₹260

Full year 2022 earnings released: EPS: ₹12.43 (vs ₹1.29 in FY 2021)

Investor sentiment improved over the past week

Ramkrishna Forgings Limited to Report Q4, 2022 Results on May 03, 2022

Whole Time Director recently bought ₹145k worth of stock

Investor sentiment improved over the past week

CFO & Additional Whole Time Director recently bought ₹812k worth of stock

Investor sentiment deteriorated over the past week

Ramkrishna Forgings Limited's Newly Commissioned Warm Forging Plant Successfully Starts Dispatching of Products to India's Axte Manufacturer

Upcoming dividend of ₹0.50 per share

Upcoming dividend of ₹0.50 per share

Second quarter 2022 earnings released: EPS ₹13.78 (vs ₹0.45 in 2Q 2021)

MD & Executive Director recently bought ₹5.0m worth of stock

Investor sentiment improved over the past week

Upcoming dividend of ₹0.50 per share

First quarter 2022 earnings released: EPS ₹7.73 (vs ₹9.11 loss in 1Q 2021)

Vice President of Marketing recently sold ₹1.3m worth of stock

Full year 2021 earnings released: EPS ₹6.44 (vs ₹2.97 in FY 2020)

Third quarter 2021 earnings released: EPS ₹4.64

New 90-day high: ₹530

Ramkrishna Forgings Limited to Report Q3, 2021 Results on Jan 29, 2021

New 90-day high: ₹488

New 90-day high: ₹390

Whole Time Director recently bought ₹396k worth of stock

New 90-day high: ₹369

First half earnings released

Ramkrishna Forgings Limited to Report Q2, 2021 Results on Oct 20, 2020

New 90-day high - ₹272

First quarter earnings released

Price target lowered to ₹184

Full year earnings released - EPS ₹2.97

Ramkrishna Forgings Limited to Report Q1, 2021 Results on Sep 05, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation