We Take A Look At Whether Time Technoplast Limited's (NSE:TIMETECHNO) CEO May Be Underpaid

Key Insights

• Time Technoplast will host its Annual General Meeting on 11th of September
• CEO Bharat Vageria's total compensation includes salary of ₹4.56m
• Total compensation is 38% below industry average
• Time Technoplast's total shareholder return over the past three years was 303% while its EPS grew by 25% over the past three years

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Shareholders will be pleased by the impressive results for Time Technoplast Limited (NSE:TIMETECHNO) recently and CEO Bharat Vageria has played a key role. This would be kept in mind at the upcoming AGM on 11th of September which will be a chance for them to hear the board review the financial results, discuss future company strategy and vote on resolutions such as executive remuneration and other matters. We think the CEO has done a pretty decent job and probably deserves a well-earned pay rise.

See our latest analysis for Time Technoplast

Comparing Time Technoplast Limited's CEO Compensation With The Industry

Our data indicates that Time Technoplast Limited has a market capitalization of ₹107b, and total annual CEO compensation was reported as ₹9.6m for the year to March 2025. We note that's an increase of 32% above last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at ₹4.6m.

On comparing similar companies from the Indian Packaging industry with market caps ranging from ₹88b to ₹282b, we found that the median CEO total compensation was ₹16m. This suggests that Bharat Vageria is paid below the industry median. What's more, Bharat Vageria holds ₹2.2b worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

Talking in terms of the industry, salary represents all of total compensation among the companies we analyzed, while other remuneration is, interestingly, completely ignored. In Time Technoplast's case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.

A Look at Time Technoplast Limited's Growth Numbers

Time Technoplast Limited's earnings per share (EPS) grew 25% per year over the last three years. It achieved revenue growth of 8.2% over the last year.

This demonstrates that the company has been improving recently and is good news for the shareholders. It's also good to see modest revenue growth, suggesting the underlying business is healthy. 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 Time Technoplast Limited Been A Good Investment?

Most shareholders would probably be pleased with Time Technoplast Limited for providing a total return of 303% 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...

Given the company's decent performance, the CEO remuneration policy might not be shareholders' central point of focus in the AGM. Instead, investors might be more interested in discussions that would help manage their longer-term growth expectations such as company business strategies and future growth potential.

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 Time Technoplast that investors should look into moving forward.

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.