Most Shareholders Will Probably Agree With MOIL Limited's (NSE:MOIL) CEO Compensation

Key Insights

• MOIL will host its Annual General Meeting on 30th of September
• Salary of ₹4.52m is part of CEO Ajit Saxena's total remuneration
• The total compensation is 63% less than the average for the industry
• Over the past three years, MOIL's EPS fell by 8.5% and over the past three years, the total shareholder return was 152%

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Shareholders may be wondering what CEO Ajit Saxena plans to do to improve the less than great performance at MOIL Limited (NSE:MOIL) recently. One way they can exercise their influence on management is through voting on resolutions, such as executive remuneration at the next AGM, coming up on 30th of September. Voting on executive pay could be a powerful way to influence management, as studies have shown that the right compensation incentives impact company performance. We think CEO compensation looks appropriate given the data we have put together.

See our latest analysis for MOIL

How Does Total Compensation For Ajit Saxena Compare With Other Companies In The Industry?

Our data indicates that MOIL Limited has a market capitalization of ₹74b, and total annual CEO compensation was reported as ₹10m for the year to March 2025. Notably, that's an increase of 36% over the year before. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at ₹4.5m.

In comparison with other companies in the Indian Metals and Mining industry with market capitalizations ranging from ₹35b to ₹142b, the reported median CEO total compensation was ₹28m. This suggests that Ajit Saxena is paid below the industry median.

On an industry level, it's fascinating to see that all of total compensation represents salary and non-salary benefits do not factor into the equation at all. MOIL pays a modest slice of remuneration through salary, as compared to the broader industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.

A Look at MOIL Limited's Growth Numbers

Over the last three years, MOIL Limited has shrunk its earnings per share by 8.5% per year. It saw its revenue drop 7.8% over the last year.

The decline in EPS is a bit concerning. And the fact that revenue is down year on year arguably paints an ugly picture. These factors suggest that the business performance wouldn't really justify a high pay packet for the CEO. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.

Has MOIL Limited Been A Good Investment?

Most shareholders would probably be pleased with MOIL Limited for providing a total return of 152% over three years. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.

To Conclude...

Although shareholders would be quite happy with the returns they have earned on their initial investment, earnings have failed to grow and this could mean these strong returns may not continue. Shareholders might want to question the board about these concerns, and revisit their investment thesis for the company.

While it is important to pay attention to CEO remuneration, investors should also consider other elements of the business. We did our research and spotted 1 warning sign for MOIL that investors should look into moving forward.

Important note: MOIL 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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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.