Hikal Management

Management criteria checks 3/4

Hikal's CEO is Sameer Hiremath, appointed in Nov 2011, has a tenure of 12.5 years. total yearly compensation is ₹41.89M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.47% of the company’s shares, worth ₹172.07M. The average tenure of the management team and the board of directors is 3.5 years and 3.6 years respectively.

Key information

Sameer Hiremath

Chief executive officer

₹41.9m

Total compensation

CEO salary percentage	100.0%
CEO tenure	12.5yrs
CEO ownership	0.5%
Management average tenure	3.5yrs
Board average tenure	3.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sameer Hiremath's remuneration changed compared to Hikal's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹716m
Sep 30 2023	n/a	n/a	₹819m
Jun 30 2023	n/a	n/a	₹942m
Mar 31 2023	₹42m	₹42m	₹784m
Dec 31 2022	n/a	n/a	₹631m
Sep 30 2022	n/a	n/a	₹819m
Jun 30 2022	n/a	n/a	₹1b
Mar 31 2022	₹59m	₹36m	₹2b
Dec 31 2021	n/a	n/a	₹2b
Sep 30 2021	n/a	n/a	₹2b
Jun 30 2021	n/a	n/a	₹2b
Mar 31 2021	₹46m	₹25m	₹1b
Dec 31 2020	n/a	n/a	₹1b
Sep 30 2020	n/a	n/a	₹948m
Jun 30 2020	n/a	n/a	₹742m
Mar 31 2020	₹35m	₹22m	₹844m
Dec 31 2019	n/a	n/a	₹933m
Sep 30 2019	n/a	n/a	₹943m
Jun 30 2019	n/a	n/a	₹1b
Mar 31 2019	₹37m	₹22m	₹1b
Mar 31 2018	₹29m	₹17m	₹772m

Compensation vs Market: Sameer's total compensation ($USD502.47K) is above average for companies of similar size in the Indian market ($USD267.24K).

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

CEO

Sameer Hiremath (49 yo)

12.5yrs

Tenure

₹41,890,000

Compensation

Mr. Sameer jai Hiremath has been Managing Director of Hikal Limited since September 02, 2021. He served as joint Managing Director of Hikal Limited since November 10, 2011 until September 02, 2021 and serv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jai Hiremath	Founder & Executive Chairman	6.1yrs	₹50.88m	1.17% ₹ 428.5m
Sameer Hiremath	MD & Executive Director	12.5yrs	₹41.89m	0.47% ₹ 172.1m
Kuldeep Jain	Chief Financial Officer	3.5yrs	₹14.38m	no data
Rajasekhar Chintakindi	Company Secretary & Compliance Officer	3.8yrs	₹9.04m	no data
Anish Swadi	Senior President of Animal Health & Business Transformation	no data	₹31.04m	0.0061% ₹ 2.2m
Dharmesh Panchal	Chief Technology Officer	less than a year	no data	no data
Ratish Jha	President of Human Resources	2.6yrs	no data	no data
Ravi Khadabadi	Head of Supply Chain Management & Crop Protection	17.3yrs	no data	no data
Manoj Mehrotra	President of Pharmaceuticals Business	no data	no data	no data
T. Devanathan	Head of IP & Quality	no data	no data	no data
Vimal Kulshrestha	President of Crop Protection	3.3yrs	no data	no data
Mansukh Patel	Head of Sustainability & Corporate EHS	no data	no data	no data

3.5yrs

Average Tenure

59.5yo

Average Age

Experienced Management: 524735's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jai Hiremath	Founder & Executive Chairman	6.1yrs	₹50.88m	1.17% ₹ 428.5m
Sameer Hiremath	MD & Executive Director	no data	₹41.89m	0.47% ₹ 172.1m
Amit Kalyani	Non-Executive Director	12.3yrs	₹860.00k	no data
Axel Kleemann	Member of Scientific Advisory Board	no data	₹300.00k	no data
Sugandha Hiremath	Non-Executive Director	32.3yrs	₹1.66m	7.84% ₹ 2.9b
Berjis Desai	Independent Director	less than a year	no data	no data
Goverdhan Mehta	Member of Scientific Advisory Board	no data	no data	no data
Vinnakota Kaundinya	Independent Director	less than a year	no data	no data
K. Nagarajan	Member of Scientific Advisory Board	no data	no data	no data
Shivani Sachdeva	Independent Non-Executive Director	4.8yrs	₹1.16m	no data
Shrikrishna Adivarekar	Additional Independent Non-Executive Director	2.4yrs	₹1.06m	no data
Ravi Kapoor	Director	less than a year	no data	no data

3.6yrs

Average Tenure

67yo

Average Age

Experienced Board: 524735's board of directors are considered experienced (3.6 years average tenure).

Hikal Management

Management criteria checks 3/4

Key information

Recent management updates

Less than half of directors are independent

Hikal Limited Announces Appointment of Dharmesh Panchal as the Chief Technology Officer

Hikal Limited Announces Resignation of B. N. Kalyani as Director

Insufficient new directors

Hikal Limited Approves the Appointment of Berjis M Desai and V. Ramachandra Kaundinya as an Independent Director

Hikal Limited, Annual General Meeting, Sep 26, 2023

Recent updates

Hikal Limited to Report Q4, 2024 Results on May 09, 2024

Hikal Limited (BSE:524735) agreed to acquire 5.73% stake in FPEL Ujwal Private Limited for INR 41.2 million.

Investor sentiment improves as stock rises 16%

Less than half of directors are independent

Hikal Limited Announces Appointment of Dharmesh Panchal as the Chief Technology Officer

Consensus EPS estimates fall by 17%

Upcoming dividend of ₹0.60 per share at 0.4% yield

Dividend of ₹0.60 announced

Third quarter 2024 earnings released: EPS: ₹1.31 (vs ₹2.14 in 3Q 2023)

Hikal Limited Declares Interim Dividend for the Financial Year 2023-2024, Payable on or Before March 9, 2024

Hikal Limited Announces Resignation of B. N. Kalyani as Director

Price target increased by 9.0% to ₹350

Second quarter 2024 earnings released: EPS: ₹1.02 (vs ₹2.01 in 2Q 2023)

Hikal Limited (BSE:524735) agreed to acquire 26% stake in Fpel Ujwal Private Limited for INR 41.2 million.

Price target increased by 10.0% to ₹353

Insufficient new directors

Hikal Limited Approves the Appointment of Berjis M Desai and V. Ramachandra Kaundinya as an Independent Director

Hikal Limited to Report Q2, 2024 Results on Nov 14, 2023

Hikal Limited, Annual General Meeting, Sep 26, 2023

Hikal Limited to Report Q1, 2024 Results on Aug 08, 2023

Hikal Limited Receives Communication from the Gujarat Pollution Control Board

Hikal Limited Announces Recommendation of Final Dividend for the Financial Year 2022-23

Now 20% undervalued after recent price drop

Upcoming dividend of ₹0.60 per share at 0.5% yield

Third quarter 2023 earnings released: EPS: ₹2.14 (vs ₹3.67 in 3Q 2022)

Hikal Limited Declares Interim Dividend for the Fiscal Year 2023, Payable on or Before March 3, 2023

Price target increased to ₹350

Investor sentiment improved over the past week

Founder & Executive Chairman recently bought ₹19m worth of stock

Hikal Limited (BSE:524735) acquired 26% stake in Radiance MH Sunrise Two Private Limited and Radiance MH Sunrise Four Private Limited for INR 46.2 million.

Investor sentiment improved over the past week

Insufficient new directors

Second quarter 2023 earnings released: EPS: ₹2.01 (vs ₹3.57 in 2Q 2022)

Hikal Limited Approves Final Dividend for the Financial Year 2021-2022

Upcoming dividend of ₹0.40 per share

Insufficient new directors

Hikal Limited to Report Q3, 2023 Results on Feb 14, 2023

Investor sentiment improved over the past week

First quarter 2023 earnings released: ₹0.72 loss per share (vs ₹4.10 profit in 1Q 2022)

Hikal Limited to Report Q1, 2023 Results on Aug 10, 2022

Price target decreased to ₹416

Less than half of directors are independent

Hikal Limited Recommends Final Dividend

Hikal Limited to Report Q4, 2022 Results on May 28, 2022

Hikal Limited Announces Closure of Manufacturing Unit Located at MIDC Taloja, Dist. Raigad, Within 15 Days

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Hikal Limited Declares Interim Dividend for the Financial Year 2021-22, Payable on or Before March 15, 2022

Investor sentiment deteriorated over the past week

Less than half of directors are independent

Price target increased to ₹622

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Hikal Limited Recommends Final Dividend for the Financial Year 2020-21

Full year 2021 earnings released: EPS ₹10.80 (vs ₹6.85 in FY 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

New 90-day low: ₹156

Third quarter 2021 earnings released: EPS ₹3.27 (vs ₹2.30 in 3Q 2020)

Hikal Limited Announces Board Changes

Independent Non-Executive Director has left the company

New 90-day low: ₹162

Price target raised to ₹184

New 90-day high: ₹183

New 90-day high - ₹174

Hikal Limited to Report Q3, 2021 Results on Feb 14, 2021

First quarter earnings released

New 90-day high - ₹138

CEO Compensation Analysis

CEO