Century Plyboards (India) Limited's (NSE:CENTURYPLY) CEO Will Probably Have Their Compensation Approved By Shareholders

Key Insights

• Century Plyboards (India) to hold its Annual General Meeting on 27th of September
• Total pay for CEO Sanjay Agarwal includes ₹20.0m salary
• Total compensation is similar to the industry average
• Century Plyboards (India)'s EPS grew by 56% over the past three years while total shareholder return over the past three years was 302%

We have been pretty impressed with the performance at Century Plyboards (India) Limited (NSE:CENTURYPLY) recently and CEO Sanjay Agarwal deserves a mention for their role in it. The pleasing results would be something shareholders would keep in mind at the upcoming AGM on 27th of September. This would also be a chance for them to hear the board review the financial results, discuss future company strategy and vote on any resolutions such as executive remuneration. We think the CEO has done a pretty decent job and we discuss why the CEO compensation is appropriate.

View our latest analysis for Century Plyboards (India)

Comparing Century Plyboards (India) Limited's CEO Compensation With The Industry

At the time of writing, our data shows that Century Plyboards (India) Limited has a market capitalization of ₹147b, and reported total annual CEO compensation of ₹43m for the year to March 2023. That's a modest increase of 7.3% on the prior year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at ₹20m.

In comparison with other companies in the Indian Forestry industry with market capitalizations ranging from ₹83b to ₹266b, the reported median CEO total compensation was ₹43m. So it looks like Century Plyboards (India) compensates Sanjay Agarwal in line with the median for the industry. What's more, Sanjay Agarwal holds ₹16b worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

Component	2023	2022	Proportion (2023)
Salary	₹20m	₹12m	47%
Other	₹23m	₹28m	53%
Total Compensation	₹43m	₹40m	100%

On an industry level, roughly 87% of total compensation represents salary and 13% is other remuneration. It's interesting to note that Century Plyboards (India) allocates a smaller portion of compensation to salary in comparison to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.

A Look at Century Plyboards (India) Limited's Growth Numbers

Century Plyboards (India) Limited has seen its earnings per share (EPS) increase by 56% a year over the past three years. In the last year, its revenue is up 5.5%.

Shareholders would be glad to know that the company has improved itself over the last few years. It's good to see a bit of revenue growth, as this suggests the business is able to grow sustainably. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.

Has Century Plyboards (India) Limited Been A Good Investment?

Boasting a total shareholder return of 302% over three years, Century Plyboards (India) Limited has done well by shareholders. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

To Conclude...

Seeing that the company has put in a relatively good performance, the CEO remuneration policy may not be the focus at the AGM. However, investors will get the chance to engage on key strategic initiatives and future growth opportunities for the company and set their longer-term expectations.

Shareholders may want to check for free if Century Plyboards (India) insiders are buying or selling shares.

Switching gears from Century Plyboards (India), if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.

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