We Think Shareholders Are Less Likely To Approve A Large Pay Rise For PI Industries Limited's (NSE:PIIND) CEO For Now

Key Insights

• PI Industries' Annual General Meeting to take place on 14th of August
• Salary of ₹50.7m is part of CEO Mayank Singhal's total remuneration
• The total compensation is 45% higher than the average for the industry
• PI Industries' total shareholder return over the past three years was 24% while its EPS grew by 25% over the past three years

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CEO Mayank Singhal has done a decent job of delivering relatively good performance at PI Industries Limited (NSE:PIIND) recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 14th of August. However, some shareholders will still be cautious of paying the CEO excessively.

Check out our latest analysis for PI Industries

Comparing PI Industries Limited's CEO Compensation With The Industry

According to our data, PI Industries Limited has a market capitalization of ₹611b, and paid its CEO total annual compensation worth ₹260m over the year to March 2025. That's a fairly small increase of 3.9% over the previous year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at ₹51m.

In comparison with other companies in the Indian Chemicals industry with market capitalizations ranging from ₹350b to ₹1.1t, the reported median CEO total compensation was ₹180m. This suggests that Mayank Singhal is paid more than the median for the industry. Furthermore, Mayank Singhal directly owns ₹125b worth of shares in the company, implying that they are deeply invested in the company's success.

Talking in terms of the industry, salary represented approximately 85% of total compensation out of all the companies we analyzed, while other remuneration made up 15% of the pie. PI Industries sets aside a smaller share of compensation for salary, in comparison to the overall industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.

PI Industries Limited's Growth

PI Industries Limited's earnings per share (EPS) grew 25% per year over the last three years. Its revenue is up 4.1% over the last year.

This demonstrates that the company has been improving recently and is good news for the shareholders. 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 PI Industries Limited Been A Good Investment?

PI Industries Limited has served shareholders reasonably well, with a total return of 24% over three years. But they probably don't want to see the CEO paid more than is normal for companies around the same size.

In Summary...

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. Still, not all shareholders might be in favor of a pay raise to the CEO, seeing that they are already being paid higher than the industry.

While it is important to pay attention to CEO remuneration, investors should also consider other elements of the business. That's why we did some digging and identified 1 warning sign for PI Industries that you should be aware of before investing.

Switching gears from PI Industries, 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.