We Think Shareholders Are Less Likely To Approve A Large Pay Rise For TCPL Packaging Limited's (NSE:TCPLPACK) CEO For Now

Key Insights

• TCPL Packaging's Annual General Meeting to take place on 31st of July
• CEO Saket Kanoria's total compensation includes salary of ₹10.7m
• Total compensation is 411% above industry average
• TCPL Packaging's total shareholder return over the past three years was 269% while its EPS grew by 45% over the past three years

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CEO Saket Kanoria has done a decent job of delivering relatively good performance at TCPL Packaging Limited (NSE:TCPLPACK) 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 31st of July. However, some shareholders will still be cautious of paying the CEO excessively.

Check out our latest analysis for TCPL Packaging

How Does Total Compensation For Saket Kanoria Compare With Other Companies In The Industry?

Our data indicates that TCPL Packaging Limited has a market capitalization of ₹34b, and total annual CEO compensation was reported as ₹64m for the year to March 2025. We note that's an increase of 17% above last year. While we always look at total compensation first, our analysis shows that the salary component is less, at ₹11m.

On examining similar-sized companies in the Indian Packaging industry with market capitalizations between ₹17b and ₹69b, we discovered that the median CEO total compensation of that group was ₹13m. Accordingly, our analysis reveals that TCPL Packaging Limited pays Saket Kanoria north of the industry median. What's more, Saket Kanoria holds ₹897m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

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. In TCPL Packaging's case, non-salary compensation represents a greater slice of total remuneration, in comparison 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.

TCPL Packaging Limited's Growth

TCPL Packaging Limited's earnings per share (EPS) grew 45% per year over the last three years. Its revenue is up 15% over the last year.

Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's a real positive to see this sort of revenue growth in a single year. That suggests a healthy and growing business. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.

Has TCPL Packaging Limited Been A Good Investment?

Most shareholders would probably be pleased with TCPL Packaging Limited for providing a total return of 269% 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.

In Summary...

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.

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 2 warning signs for TCPL Packaging that investors should think about before committing capital to this stock.

Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity 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.