Shareholders May Be More Conservative With Vidhi Specialty Food Ingredients Limited's (NSE:VIDHIING) CEO Compensation For Now

Key Insights

• Vidhi Specialty Food Ingredients' Annual General Meeting to take place on 25th of September
• CEO Bipin Manek's total compensation includes salary of ₹6.00m
• The overall pay is 73% above the industry average
• Vidhi Specialty Food Ingredients' EPS declined by 5.4% over the past three years while total shareholder loss over the past three years was 6.7%

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In the past three years, shareholders of Vidhi Specialty Food Ingredients Limited (NSE:VIDHIING) have seen a loss on their investment. In addition, the company's per-share earnings growth is not looking good, despite growing revenues. In light of this performance, shareholders will have a chance to question the board in the upcoming AGM on 25th of September, where they can impact on future company performance by voting on resolutions, including executive compensation. We think shareholders may be cautious of approving a pay rise for the CEO at the moment, based on our analysis below.

View our latest analysis for Vidhi Specialty Food Ingredients

How Does Total Compensation For Bipin Manek Compare With Other Companies In The Industry?

Our data indicates that Vidhi Specialty Food Ingredients Limited has a market capitalization of ₹19b, and total annual CEO compensation was reported as ₹33m for the year to March 2025. Notably, that's an increase of 28% over the year before. We think total compensation is more important but our data shows that the CEO salary is lower, at ₹6.0m.

On examining similar-sized companies in the Indian Chemicals industry with market capitalizations between ₹8.8b and ₹35b, we discovered that the median CEO total compensation of that group was ₹19m. Hence, we can conclude that Bipin Manek is remunerated higher than the industry median. Moreover, Bipin Manek also holds ₹981m worth of Vidhi Specialty Food Ingredients stock directly under their own name, which reveals to us that they have a significant personal stake in the company.

On an industry level, around 84% of total compensation represents salary and 16% is other remuneration. In Vidhi Specialty Food Ingredients' case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.

Vidhi Specialty Food Ingredients Limited's Growth

Over the last three years, Vidhi Specialty Food Ingredients Limited has shrunk its earnings per share by 5.4% per year. It achieved revenue growth of 26% over the last year.

Investors would be a bit wary of companies that have lower EPS But on the other hand, revenue growth is strong, suggesting a brighter future. In conclusion we can't form a strong opinion about business performance yet; but it's one worth watching. While we don't have analyst forecasts for the company, shareholders might want to examine this detailed historical graph of earnings, revenue and cash flow.

Has Vidhi Specialty Food Ingredients Limited Been A Good Investment?

Given the total shareholder loss of 6.7% over three years, many shareholders in Vidhi Specialty Food Ingredients Limited are probably rather dissatisfied, to say the least. So shareholders would probably want the company to be less generous with CEO compensation.

To Conclude...

The company's earnings haven't grown and possibly because of that, the stock has performed poorly, resulting in a loss for the company's shareholders. Shareholders will get the chance at the upcoming AGM to question the board on key matters, such as CEO remuneration or any other issues they might have and revisit their investment thesis with regards to the company.

It is always advisable to analyse CEO pay, along with performing a thorough analysis of the company's key performance areas. That's why we did our research, and identified 2 warning signs for Vidhi Specialty Food Ingredients (of which 1 shouldn't be ignored!) that you should know about in order to have a holistic understanding of the stock.

Switching gears from Vidhi Specialty Food Ingredients, 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.