Increases to Mayur Uniquoters Limited's (NSE:MAYURUNIQ) CEO Compensation Might Cool off for now

Key Insights

• Mayur Uniquoters' Annual General Meeting to take place on 17th of September
• CEO Suresh Poddar's total compensation includes salary of ₹21.8m
• The overall pay is 51% above the industry average
• Mayur Uniquoters' total shareholder return over the past three years was 6.4% while its EPS grew by 13% over the past three years

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CEO Suresh Poddar has done a decent job of delivering relatively good performance at Mayur Uniquoters Limited (NSE:MAYURUNIQ) recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 17th of September. However, some shareholders may still be hesitant of being overly generous with CEO compensation.

See our latest analysis for Mayur Uniquoters

How Does Total Compensation For Suresh Poddar Compare With Other Companies In The Industry?

According to our data, Mayur Uniquoters Limited has a market capitalization of ₹23b, and paid its CEO total annual compensation worth ₹26m over the year to March 2025. Notably, that's an increase of 15% over the year before. In particular, the salary of ₹21.8m, makes up a huge portion of the total compensation being paid to the CEO.

On examining similar-sized companies in the Indian Chemicals industry with market capitalizations between ₹8.8b and ₹35b, we discovered that the median CEO total compensation of that group was ₹17m. Hence, we can conclude that Suresh Poddar is remunerated higher than the industry median. Moreover, Suresh Poddar also holds ₹9.6b worth of Mayur Uniquoters stock directly under their own name, which reveals to us that they have a significant personal stake in the company.

Component	2025	2024	Proportion (2025)
Salary	₹22m	₹21m	85%
Other	₹4.0m	₹2.0m	15%
Total Compensation	₹26m	₹22m	100%

On an industry level, roughly 82% of total compensation represents salary and 18% is other remuneration. Although there is a difference in how total compensation is set, Mayur Uniquoters more or less reflects the market in terms of setting the salary. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.

Mayur Uniquoters Limited's Growth

Mayur Uniquoters Limited has seen its earnings per share (EPS) increase by 13% a year over the past three years. In the last year, its revenue is up 8.3%.

Shareholders would be glad to know that the company has improved itself over the last few years. It's also good to see modest revenue growth, suggesting the underlying business is healthy. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..

Has Mayur Uniquoters Limited Been A Good Investment?

With a total shareholder return of 6.4% over three years, Mayur Uniquoters Limited has done okay by shareholders, but there's always room for improvement. In light of that, investors might probably want to see an improvement on their returns before they feel generous about increasing the CEO remuneration.

To Conclude...

Seeing that the company has put up a decent performance, only a few shareholders, if any at all, might have questions about the CEO pay in the upcoming AGM. However, if the board proposes to increase the compensation, some shareholders might have questions given that the CEO is already being paid higher than the industry.

CEO compensation can have a massive impact on performance, but it's just one element. That's why we did some digging and identified 1 warning sign for Mayur Uniquoters that investors should think about before committing capital to this stock.

Switching gears from Mayur Uniquoters, 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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.