Greenpanel Industries Management

Management criteria checks 2/4

Greenpanel Industries' CEO is Shobhan Mittal, appointed in Jul 2019, has a tenure of 4.75 years. total yearly compensation is ₹91.77M, comprised of 45.6% salary and 54.4% bonuses, including company stock and options. directly owns 8.63% of the company’s shares, worth ₹3.37B. The average tenure of the management team and the board of directors is 4.8 years and 5.7 years respectively.

Key information

Shobhan Mittal

Chief executive officer

₹91.8m

Total compensation

CEO salary percentage	45.6%
CEO tenure	4.8yrs
CEO ownership	8.6%
Management average tenure	4.8yrs
Board average tenure	5.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Shobhan Mittal's remuneration changed compared to Greenpanel Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹2b
Sep 30 2023	n/a	n/a	₹2b
Jun 30 2023	n/a	n/a	₹2b
Mar 31 2023	₹92m	₹42m	₹3b
Dec 31 2022	n/a	n/a	₹3b
Sep 30 2022	n/a	n/a	₹3b
Jun 30 2022	n/a	n/a	₹3b
Mar 31 2022	₹71m	₹17m	₹2b
Dec 31 2021	n/a	n/a	₹2b
Sep 30 2021	n/a	n/a	₹2b
Jun 30 2021	n/a	n/a	₹1b
Mar 31 2021	₹26m	₹8m	₹688m
Dec 31 2020	n/a	n/a	₹199m
Sep 30 2020	n/a	n/a	-₹101m
Jun 30 2020	n/a	n/a	-₹247m
Mar 31 2020	₹8m	₹6m	₹145m
Dec 31 2019	n/a	n/a	₹171m
Sep 30 2019	n/a	n/a	₹271m
Jun 30 2019	n/a	n/a	₹259m
Mar 31 2019	₹8m	₹6m	₹346m

Compensation vs Market: Shobhan's total compensation ($USD1.10M) is above average for companies of similar size in the Indian market ($USD278.32K).

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

CEO

Shobhan Mittal (43 yo)

4.8yrs

Tenure

₹91,774,000

Compensation

Mr. Shobhan Mittal, B.B.A. is the Managing Director and Chief Executive Officer at Greenpanel Industries Limited since July 19, 2019 and also serves as its Director since December 13, 2017. He served as th...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Shiv Mittal	Executive Chairman	6.3yrs	₹91.03m	3.76% ₹ 1.5b
Shobhan Mittal	MD, CEO & Director	4.8yrs	₹91.77m	8.63% ₹ 3.4b
Vishwanathan Venkatramani	CFO & Chief Investor Relations Officer	4.8yrs	₹18.42m	no data
Subhash Aggarwal	Senior Vice President of Operations	no data	₹13.02m	no data
Neeladri Basu	Senior Vice President of Finance & Accounts	no data	₹11.09m	0.00031% ₹ 120.8k
Vinod Tiwary	National Head of Sales-Decorative	no data	₹13.07m	no data
Shekhar Sati	President of Sales-MDF & Flooring	no data	₹26.12m	0.00016% ₹ 62.4k
Dinesh Maloo	Vice President Operations	no data	₹7.34m	no data
Vinod Agarwal	Vice President	no data	₹6.43m	no data
Lawkush Prasad	Company Secretary	4.2yrs	₹3.30m	no data
Amit Kashyap	Vice President of Human Resources	no data	₹4.18m	no data
Atul Dixit	National Head of Sales of Plywood	no data	no data	no data

4.8yrs

Average Tenure

52yo

Average Age

Experienced Management: 542857's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Shiv Mittal	Executive Chairman	6.3yrs	₹91.03m	3.76% ₹ 1.5b
Shobhan Mittal	MD, CEO & Director	6.3yrs	₹91.77m	8.63% ₹ 3.4b
Salil Bhandari	Independent Non Executive Director	5.7yrs	₹1.53m	0.0041% ₹ 1.6m
Arun Saraf	Independent Non-Executive Director	4.7yrs	₹1.51m	0.016% ₹ 6.4m
Mahesh Jiwrajka	Independent Non Executive Director	5.7yrs	₹1.65m	no data
Shivpriya Nanda	Non-Executive Independent Women Director	5.8yrs	₹1.27m	no data

5.7yrs

Average Tenure

66yo

Average Age

Experienced Board: 542857's board of directors are considered experienced (5.7 years average tenure).

Greenpanel Industries Management

Management criteria checks 2/4

Key information

Recent management updates

Insufficient new directors

Insufficient new directors

Greenpanel Industries Limited, Annual General Meeting, Jun 27, 2023

Insider recently sold ₹2.9m worth of stock

Company Secretary recently sold ₹3.1m worth of stock

Insider recently sold ₹5.4m worth of stock

Recent updates

Greenpanel Industries Limited to Report Q4, 2024 Results on May 01, 2024

Insufficient new directors

Greenpanel Industries Limited to Report Q3, 2024 Results on Jan 31, 2024

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Greenpanel Industries Limited to Report Q2, 2024 Results on Nov 01, 2023

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Greenpanel Industries Limited to Report Q1, 2024 Results on Jul 28, 2023

Price target decreased by 8.0% to ₹393

Greenpanel Industries Limited Approves Payment of Interim Dividend for the Financial Year 2022-23

Insufficient new directors

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Greenpanel Industries Limited, Annual General Meeting, Jun 27, 2023

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Insider recently sold ₹2.9m worth of stock

Investor sentiment deteriorates as stock falls 16%

Upcoming dividend of ₹1.50 per share at 0.5% yield

Greenpanel Industries Limited Approves Interim Dividend for the Financial Year 2022-23, to Be Paid on or Before March 1, 2023

Third quarter 2023 earnings released: EPS: ₹3.06 (vs ₹5.14 in 3Q 2022)

Greenpanel Industries Limited to Report Q3, 2023 Results on Jan 30, 2023

Company Secretary recently sold ₹3.1m worth of stock

Price target decreased to ₹546

Investor sentiment improved over the past week

Insider recently sold ₹5.4m worth of stock

Second quarter 2023 earnings released: EPS: ₹5.91 (vs ₹5.47 in 2Q 2022)

Price target decreased to ₹609

Greenpanel Industries Limited Proposes Interim Dividend for the Financial Year 2021-22

Greenpanel Industries Limited, Annual General Meeting, Sep 05, 2022

First quarter 2023 earnings released: EPS: ₹6.33 (vs ₹2.43 in 1Q 2022)

Greenpanel Industries Limited to Report Q1, 2023 Results on Jul 22, 2022

Greenpanel Industries Limited Appoints Shivpriya Nanda as an Additional Independent Director

Greenpanel Industries Limited Appoints Shivpriya Nanda as an Additional Independent Director

Price target increased to ₹648

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Greenpanel Industries Limited to Report Q4, 2022 Results on May 06, 2022

Price target increased to ₹597

Greenpanel Industries Limited Announces Resignation of Sushmita Singha as Independent Director

Price target increased to ₹597

Greenpanel Industries Limited Announces Resumption of Manufacturing Operations At Company's MDF Plant At Rudrapur, Uttarakhand

Insider recently sold ₹5.0m worth of stock

Second quarter 2022 earnings released: EPS ₹5.47 (vs ₹1.50 in 2Q 2021)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

High number of new directors

Price target increased to ₹351

Price target increased to ₹290

Full year 2021 earnings released: EPS ₹5.61 (vs ₹1.18 in FY 2020)

Price target increased to ₹260

Insider recently bought ₹2.4m worth of stock

Insider recently bought ₹2.7m worth of stock

Company Secretary recently bought ₹998k worth of stock

New 90-day high: ₹187

Third quarter 2021 earnings released: EPS ₹2.48 (vs ₹0.04 in 3Q 2020)

Revenue and earnings beat expectations

Greenpanel Industries Limited to Report Q3, 2021 Results on Jan 27, 2021

New 90-day high: ₹163

New 90-day high: ₹121

New 90-day high: ₹89.90

Earnings beat expectations, revenue disappoints

Second quarter 2021 earnings released: EPS ₹1.50

New 90-day high: ₹70.00

Greenpanel Industries Limited to Report Q2, 2021 Results on Oct 30, 2020

New 90-day high: ₹51.00

New 90-day high - ₹50.40

New 90-day high - ₹41.15

Earnings released

Greenpanel Industries Limited to Report Q1, 2021 Results on Aug 05, 2020

CEO Compensation Analysis

CEO

Tenure