Solar Industries India Limited's (NSE:SOLARINDS) CEO Compensation Is Looking A Bit Stretched At The Moment

Key Insights

• Solar Industries India to hold its Annual General Meeting on 22nd of July
• CEO Manish Nuwal's total compensation includes salary of ₹60.0m
• The total compensation is 115% higher than the average for the industry
• Solar Industries India's total shareholder return over the past three years was 475% while its EPS grew by 40% over the past three years

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Under the guidance of CEO Manish Nuwal, Solar Industries India Limited (NSE:SOLARINDS) has performed reasonably well recently. This is something shareholders will keep in mind as they cast their votes on company resolutions such as executive remuneration in the upcoming AGM on 22nd of July. However, some shareholders will still be cautious of paying the CEO excessively.

Check out our latest analysis for Solar Industries India

Comparing Solar Industries India Limited's CEO Compensation With The Industry

Our data indicates that Solar Industries India Limited has a market capitalization of ₹1.4t, and total annual CEO compensation was reported as ₹241m for the year to March 2025. Notably, that's an increase of 31% over the year before. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at ₹60m.

For comparison, other companies in the Indian Chemicals industry with market capitalizations above ₹687b, reported a median total CEO compensation of ₹112m. This suggests that Manish Nuwal is paid more than the median for the industry. Furthermore, Manish Nuwal directly owns ₹541b worth of shares in the company, implying that they are deeply invested in the company's success.

Component	2025	2024	Proportion (2025)
Salary	₹60m	₹48m	25%
Other	₹181m	₹136m	75%
Total Compensation	₹241m	₹184m	100%

On an industry level, around 85% of total compensation represents salary and 15% is other remuneration. Solar Industries India sets aside a smaller share of compensation for salary, in comparison to the overall 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 Solar Industries India Limited's Growth Numbers

Solar Industries India Limited has seen its earnings per share (EPS) increase by 40% a year over the past three years. It achieved revenue growth of 24% over the last year.

Overall this is a positive result for shareholders, showing that the company has improved in recent years. This sort of respectable year-on-year revenue growth is often seen at a healthy, growing business. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..

Has Solar Industries India Limited Been A Good Investment?

We think that the total shareholder return of 475%, over three years, would leave most Solar Industries India Limited shareholders smiling. This strong performance might mean some shareholders don't mind if the CEO were to be paid more than is normal for a company of its size.

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, 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.

So you may want to check if insiders are buying Solar Industries India shares with their own money (free access).

Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.

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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.