Incredible Industries Limited's (NSE:INCREDIBLE) CEO Compensation Is Looking A Bit Stretched At The Moment
Key Insights
- Incredible Industries to hold its Annual General Meeting on 19th of September
- CEO Rama Gupta's total compensation includes salary of ₹6.00m
- The total compensation is 36% higher than the average for the industry
- Incredible Industries' total shareholder return over the past three years was 93% while its EPS grew by 65% over the past three years
Performance at Incredible Industries Limited (NSE:INCREDIBLE) has been reasonably good and CEO Rama Gupta has done a decent job of steering the company in the right direction. As shareholders go into the upcoming AGM on 19th of September, CEO compensation will probably not be their focus, but rather the steps management will take to continue the growth momentum. However, some shareholders may still want to keep CEO compensation within reason.
View our latest analysis for Incredible Industries
Comparing Incredible Industries Limited's CEO Compensation With The Industry
According to our data, Incredible Industries Limited has a market capitalization of ₹2.2b, and paid its CEO total annual compensation worth ₹6.0m over the year to March 2025. There was no change in the compensation compared to last year. It is worth noting that the CEO compensation consists entirely of the salary, worth ₹6.0m.
On comparing similar-sized companies in the Indian Metals and Mining industry with market capitalizations below ₹18b, we found that the median total CEO compensation was ₹4.4m. Hence, we can conclude that Rama Gupta is remunerated higher than the industry median.
| Component | 2025 | 2024 | Proportion (2025) |
| Salary | ₹6.0m | ₹6.0m | 100% |
| Other | - | - | - |
| Total Compensation | ₹6.0m | ₹6.0m | 100% |
Talking in terms of the industry, salary represents all of total compensation among the companies we analyzed, while other remuneration is, interestingly, completely ignored. At the company level, Incredible Industries pays Rama Gupta solely through a salary, preferring to go down a conventional route. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.
A Look at Incredible Industries Limited's Growth Numbers
Incredible Industries Limited has seen its earnings per share (EPS) increase by 65% a year over the past three years. Its revenue is up 2.5% over the last year.
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. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.
Has Incredible Industries Limited Been A Good Investment?
Most shareholders would probably be pleased with Incredible Industries Limited for providing a total return of 93% over three years. 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...
Incredible Industries pays CEO compensation exclusively through a salary, with non-salary compensation completely ignored. Given that the company's overall performance has been reasonable, the CEO remuneration policy might not be shareholders' central point of focus in the upcoming AGM. However, any decision to raise CEO pay might be met with some objections from the shareholders given that the CEO is already paid higher than the industry average.
CEO compensation can have a massive impact on performance, but it's just one element. We've identified 1 warning sign for Incredible Industries that investors should be aware of in a dynamic business environment.
Important note: Incredible Industries is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.
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