Nimbus Projects Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Bipin Agarwal

Chief executive officer

₹6.0m

Total compensation

CEO salary percentage	100.0%
CEO tenure	10.8yrs
CEO ownership	11.0%
Management average tenure	no data
Board average tenure	9.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bipin Agarwal's remuneration changed compared to Nimbus Projects's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-₹138m
Sep 30 2023	n/a	n/a	-₹26m
Jun 30 2023	n/a	n/a	₹97m
Mar 31 2023	₹6m	₹6m	₹221m
Dec 31 2022	n/a	n/a	₹300m
Sep 30 2022	n/a	n/a	₹428m
Jun 30 2022	n/a	n/a	₹289m
Mar 31 2022	₹6m	₹6m	₹142m
Dec 31 2021	n/a	n/a	₹107m
Sep 30 2021	n/a	n/a	-₹151m
Jun 30 2021	n/a	n/a	-₹166m
Mar 31 2021	₹5m	₹5m	-₹222m
Dec 31 2020	n/a	n/a	₹184m
Sep 30 2020	n/a	n/a	₹218m
Jun 30 2020	n/a	n/a	₹221m
Mar 31 2020	₹6m	₹6m	₹222m
Dec 31 2019	n/a	n/a	-₹292m
Sep 30 2019	n/a	n/a	-₹276m
Jun 30 2019	n/a	n/a	-₹276m
Mar 31 2019	₹6m	₹6m	-₹218m
Mar 31 2018	₹6m	₹6m	-₹114m

Compensation vs Market: Bipin's total compensation ($USD71.97K) is above average for companies of similar size in the Indian market ($USD39.52K).

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

CEO

Bipin Agarwal (58 yo)

10.8yrs

Tenure

₹6,000,000

Compensation

Mr. Bipin Agarwal, B.Com (Hons.), FCS has been a Non-Independent & Non-Executive Director at IITL Projects Limited since August 5, 2008 and Non Independent & Non-Executive Director at Industrial Investment...

Board Members

Name	Position	Tenure	Compensation	Ownership
Bipin Agarwal	Executive Chairman & MD	23.7yrs	₹6.00m	11.02% ₹ 64.2m
Rajeev Asopa	Non-Executive & Non Independent Director	2.7yrs	₹90.00k	no data
Surinder Chawla	Non-Executive Independent Director	12.8yrs	₹220.00k	no data
Anu Rai	Non-Executive Independent Woman Director	9.2yrs	₹220.00k	no data
Debashish Nanda	Non-Executive Independent Director	7.8yrs	₹190.00k	no data

9.2yrs

Average Tenure

58yo

Average Age

Experienced Board: 511714's board of directors are considered experienced (9.2 years average tenure).

Nimbus Projects Management

Management criteria checks 2/4

Key information

Recent management updates

Nimbus Projects Limited Announces Nisha Sarayan Resigns as Company Secretary & Compliance Officer, Effective April 16,2024

Nimbus Projects Limited, Annual General Meeting, Sep 28, 2023

Nimbus Projects Limited Appoints Nisha Sarayan as Company Secretary and Compliance Officer

Nimbus Projects Limited Announces Resignation of Surbhi Khanna as Company Secretary & Compliance Officer

Nimbus Projects Limited, Annual General Meeting, Sep 29, 2022

Nimbus Projects Limited Approves Appointment of Surbhi Khanna as Company Secretary

Recent updates

Nimbus Projects Limited Announces Nisha Sarayan Resigns as Company Secretary & Compliance Officer, Effective April 16,2024

Third quarter 2024 earnings released: ₹2.90 loss per share (vs ₹7.40 profit in 3Q 2023)

Now 26% undervalued

Now 22% undervalued

Nimbus Projects Limited to Report Q2, 2024 Results on Nov 06, 2023

Nimbus Projects Limited (BSE:511714) completed the acquisition of unknown stake in Iitl Nimbus The Palm Village from IITL Projects Limited (BSE:531968).

New major risk - Financial position

Nimbus Projects Limited, Annual General Meeting, Sep 28, 2023

Nimbus Projects Limited to Report Q1, 2024 Results on Aug 10, 2023

Nimbus Projects Limited to Report Q4, 2023 Results on May 29, 2023

Third quarter 2023 earnings released: EPS: ₹7.40 (vs ₹20.62 in 3Q 2022)

Nimbus Projects Limited to Report Q3, 2023 Results on Feb 10, 2023

Nimbus Projects Limited Appoints Nisha Sarayan as Company Secretary and Compliance Officer

Nimbus Projects Limited Announces Resignation of Surbhi Khanna as Company Secretary & Compliance Officer

Nimbus Projects Limited to Report Q2, 2023 Results on Nov 11, 2022

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Full year 2022 earnings released: EPS: ₹13.88 (vs ₹29.85 loss in FY 2021)

Nimbus Projects Limited, Annual General Meeting, Sep 29, 2022

Investor sentiment deteriorated over the past week

Nimbus Projects Limited to Report Q1, 2023 Results on Aug 09, 2022

Investor sentiment deteriorated over the past week

Nimbus Projects Limited Approves Appointment of Surbhi Khanna as Company Secretary

Investor sentiment deteriorated over the past week

Nimbus Projects Limited Announces Resignation of Mr. Sahil Agarwal as Company Secretary & Compliance Officer

Nimbus Projects Limited to Report Q4, 2022 Results on May 25, 2022

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Nimbus Projects Limited to Report Q3, 2022 Results on Feb 11, 2022

High number of new directors

Insufficient new directors

Insufficient new directors

Non Executive Non Independent Director Lalit Agarwal has left the company

First quarter 2022 earnings released: ₹3.76 loss per share (vs ₹11.89 loss in 1Q 2021)

Full year 2021 earnings released: ₹29.84 loss per share (vs ₹29.83 profit in FY 2020)

Nimbus Projects Limited announced that it expects to receive INR 34 million in funding

New 90-day low: ₹17.15

Third quarter 2021 earnings released: ₹6.78 loss per share (vs ₹2.21 loss in 3Q 2020)

Nimbus Projects Limited to Report Q3, 2021 Results on Feb 13, 2021

New 90-day low: ₹19.50

New 90-day low: ₹22.15

New 90-day high: ₹32.00

New 90-day high: ₹30.90

Second quarter 2021 earnings released: ₹5.32 loss per share

Nimbus Projects Limited to Report Q1, 2021 Results on Aug 28, 2020

Nimbus Projects Limited to Report Q4, 2020 Results on Jul 20, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age