Parnax Lab Limited

BSE:506128 Stock Report

Market Cap: ₹2.0b

Parnax Lab Management

Management criteria checks 1/4

Parnax Lab's CEO is Mihir Shah, appointed in Jul 2024, has a tenure of less than a year. total yearly compensation is ₹6.00M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 9.94% of the company’s shares, worth ₹202.63M. The average tenure of the management team and the board of directors is 0.4 years and 2.5 years respectively.

Key information

Mihir Shah

Chief executive officer

₹6.0m

Total compensation

CEO salary percentage100.0%
CEO tenureless than a year
CEO ownership9.9%
Management average tenureless than a year
Board average tenure2.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mihir Shah's remuneration changed compared to Parnax Lab's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

₹118m

Jun 30 2024n/an/a

₹103m

Mar 31 2024₹6m₹6m

₹96m

Dec 31 2023n/an/a

₹88m

Sep 30 2023n/an/a

₹98m

Jun 30 2023n/an/a

₹100m

Mar 31 2023₹6m₹6m

₹86m

Dec 31 2022n/an/a

₹70m

Sep 30 2022n/an/a

₹84m

Jun 30 2022n/an/a

₹92m

Mar 31 2022₹6m₹6m

₹82m

Dec 31 2021n/an/a

₹53m

Sep 30 2021n/an/a

₹9m

Jun 30 2021n/an/a

₹4m

Mar 31 2021₹5m₹5m

-₹4m

Dec 31 2020n/an/a

₹2m

Sep 30 2020n/an/a

-₹8m

Jun 30 2020n/an/a

-₹28m

Mar 31 2020n/an/a

-₹29m

Dec 31 2019n/an/a

-₹23m

Sep 30 2019n/an/a

-₹11m

Jun 30 2019n/an/a

₹27m

Mar 31 2019₹5m₹5m

₹33m

Dec 31 2018n/an/a

₹26m

Sep 30 2018n/an/a

₹29m

Jun 30 2018n/an/a

₹2m

Mar 31 2018₹3m₹3m

₹11m

Compensation vs Market: Mihir's total compensation ($USD70.37K) is above average for companies of similar size in the Indian market ($USD42.16K).

Compensation vs Earnings: Mihir's compensation has been consistent with company performance over the past year.

CEO

Mihir Shah

less than a year

Tenure

₹6,000,000

Compensation

Mr. Mihir Prakash Shah was Executive of Parnax Lab Limited. Mr. Mihir Prakash Shah is CEO & Director of Parnax Lab Limited from July 5, 2024.

Leadership Team

NamePositionTenureCompensationOwnership
Mihir Shah
CEO & Directorless than a year₹6.00m9.94%
₹ 202.6m
Binoy Shah
CFO, MD & Directorless than a year₹6.00m11.92%
₹ 243.2m
Preet Kukreja
Company Secretary & Compliance Officer3.5yrsno datano data

0.4yrs

Average Tenure

Experienced Management: 506128's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Mihir Shah
CEO & Directorless than a year₹6.00m9.94%
₹ 202.6m
Binoy Shah
CFO, MD & Directorless than a year₹6.00m11.92%
₹ 243.2m
Ami Shah
Woman Non-Executive Non-Independent Director9.8yrsno data7.26%
₹ 148.1m
Tirunillai Anantharaman
Independent Non-Executive Director9.8yrsno datano data
Yogesh Varia
Independent Non-Executive Director3.6yrsno datano data
Harish Panpalia
Non-Executive Independent Director1.3yrsno datano data

2.5yrs

Average Tenure

67.5yo

Average Age

Experienced Board: 506128's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 07:21
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Parnax Lab Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vinayak M.FirstCall Research