Vishnu Chemicals Limited's (NSE:VISHNU) CEO Compensation Looks Acceptable To Us And Here's Why

Key Insights

• Vishnu Chemicals' Annual General Meeting to take place on 14th of August
• Total pay for CEO Cherukuri Murthy includes ₹19.2m salary
• The overall pay is comparable to the industry average
• Vishnu Chemicals' total shareholder return over the past three years was 46% while its EPS grew by 3.1% over the past three years

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Under the guidance of CEO Cherukuri Murthy, Vishnu Chemicals Limited (NSE:VISHNU) 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 14th of August. Here is our take on why we think the CEO compensation looks appropriate.

Check out our latest analysis for Vishnu Chemicals

Comparing Vishnu Chemicals Limited's CEO Compensation With The Industry

Our data indicates that Vishnu Chemicals Limited has a market capitalization of ₹32b, and total annual CEO compensation was reported as ₹19m for the year to March 2025. This was the same as last year. It is worth noting that the CEO compensation consists entirely of the salary, worth ₹19m.

In comparison with other companies in the Indian Chemicals industry with market capitalizations ranging from ₹18b to ₹70b, the reported median CEO total compensation was ₹24m. So it looks like Vishnu Chemicals compensates Cherukuri Murthy in line with the median for the industry. What's more, Cherukuri Murthy holds ₹16b worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

Speaking on an industry level, nearly 85% of total compensation represents salary, while the remainder of 15% is other remuneration. At the company level, Vishnu Chemicals pays Cherukuri Murthy solely through a salary, preferring to go down a conventional route. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.

Vishnu Chemicals Limited's Growth

Vishnu Chemicals Limited's earnings per share (EPS) grew 3.1% per year over the last three years. Its revenue is up 16% over the last year.

We would argue that the modest growth in revenue is a notable positive. And the improvement in EPSis modest but respectable. So while performance isn't amazing, we think it really does seem quite respectable. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.

Has Vishnu Chemicals Limited Been A Good Investment?

We think that the total shareholder return of 46%, over three years, would leave most Vishnu Chemicals Limited shareholders smiling. 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.

To Conclude...

Vishnu Chemicals pays CEO compensation exclusively through a salary, with non-salary compensation completely ignored. 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, we still think that any proposed increase in CEO compensation will be examined closely to make sure the compensation is appropriate and linked to performance.

Whatever your view on compensation, you might want to check if insiders are buying or selling Vishnu Chemicals shares (free trial).

Switching gears from Vishnu Chemicals, 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.