V-Mart Retail Management

Management criteria checks 3/4

V-Mart Retail's CEO is Lalit Agarwal, appointed in Jul 2002, has a tenure of 21.83 years. total yearly compensation is ₹20.16M, comprised of 48.7% salary and 51.3% bonuses, including company stock and options. directly owns 6.46% of the company’s shares, worth ₹2.68B. The average tenure of the management team and the board of directors is 7.3 years and 11.8 years respectively.

Key information

Lalit Agarwal

Chief executive officer

₹20.2m

Total compensation

CEO salary percentage	48.7%
CEO tenure	21.8yrs
CEO ownership	6.5%
Management average tenure	7.3yrs
Board average tenure	11.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Lalit Agarwal's remuneration changed compared to V-Mart Retail's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-₹948m
Sep 30 2023	n/a	n/a	-₹1b
Jun 30 2023	n/a	n/a	-₹502m
Mar 31 2023	₹20m	₹10m	-₹78m
Dec 31 2022	n/a	n/a	₹265m
Sep 30 2022	n/a	n/a	₹636m
Jun 30 2022	n/a	n/a	₹608m
Mar 31 2022	₹18m	₹9m	₹116m
Dec 31 2021	n/a	n/a	₹128m
Sep 30 2021	n/a	n/a	₹35m
Jun 30 2021	n/a	n/a	-₹13m
Mar 31 2021	₹15m	₹6m	-₹62m
Dec 31 2020	n/a	n/a	-₹132m
Sep 30 2020	n/a	n/a	-₹28m
Jun 30 2020	n/a	n/a	-₹19m
Mar 31 2020	₹25m	₹9m	₹493m
Dec 31 2019	n/a	n/a	₹569m
Sep 30 2019	n/a	n/a	₹403m
Jun 30 2019	n/a	n/a	₹544m
Mar 31 2019	₹22m	₹9m	₹616m
Dec 31 2018	n/a	n/a	₹784m
Sep 30 2018	n/a	n/a	₹734m
Jun 30 2018	n/a	n/a	₹802m
Mar 31 2018	₹24m	₹9m	₹777m

Compensation vs Market: Lalit's total compensation ($USD241.42K) is about average for companies of similar size in the Indian market ($USD270.95K).

Compensation vs Earnings: Lalit's compensation has increased whilst the company is unprofitable.

CEO

Lalit Agarwal (53 yo)

21.8yrs

Tenure

₹20,155,000

Compensation

Mr. Lalit Madangopal Agarwal is MD & Director of V-Mart Retail Limited from November 08, 2021. He joined the V-Mart Retail Limited on July 24, 2002. He was Chairman & MD of V-Mart Retail Limited from May 2...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lalit Agarwal	MD & Director	21.8yrs	₹20.16m	6.46% ₹ 2.7b
Anand Agarwal	Chief Financial Officer	6.9yrs	₹20.52m	0.020% ₹ 8.3m
Vineet Jain	Chief Operating Officer	3.5yrs	₹24.52m	0.030% ₹ 12.5m
Megha Tandon	Company Secretary & Compliance Officer	7.3yrs	₹1.25m	no data
Madan Agarwal	Whole Time Director	21.8yrs	₹3.60m	no data
Jayesh Kothari	President of Merchandising	no data	₹1.03m	no data
Suchishree Mukherjee	Chief Executive Officer of LimeRoad	no data	₹941.45k	no data
Anjali Goel	Vice President of Human Resource	no data	no data	no data
Snehal Shah	Senior Vice President of Projects & Business Development	no data	₹7.91m	no data

7.3yrs

Average Tenure

51yo

Average Age

Experienced Management: 534976's management team is seasoned and experienced (7.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lalit Agarwal	MD & Director	21.8yrs	₹20.16m	6.46% ₹ 2.7b
Madan Agarwal	Whole Time Director	21.8yrs	₹3.60m	no data
Govind Shrikhande	Non-Executive Independent Director	5.5yrs	₹1.28m	no data
Aakash Moondhra	Non-Executive Independent Chairman of the Board	14.2yrs	₹975.00k	0.0047% ₹ 1.9m
Murli Ramachandran	Non-Executive Independent Director	9.3yrs	₹1.28m	no data
Sonal Mattoo	Non-Executive Independent Director	9.3yrs	₹1.05m	no data

11.8yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 534976's board of directors are seasoned and experienced ( 11.8 years average tenure).

V-Mart Retail Management

Management criteria checks 3/4

Key information

Recent management updates

V-Mart Retail Limited, Annual General Meeting, Sep 15, 2023

Insufficient new directors

V-Mart Retail Limited, Annual General Meeting, Aug 30, 2022

Insufficient new directors

Insufficient new directors

Insufficient new directors

Recent updates

New minor risk - Financial position

Third quarter 2024 earnings released: EPS: ₹14.28 (vs ₹10.11 in 3Q 2023)

V-Mart Retail Limited to Report Q3, 2024 Results on Feb 06, 2024

Now 20% undervalued after recent price drop

Second quarter 2024 earnings released: ₹32.43 loss per share (vs ₹5.73 loss in 2Q 2023)

V-Mart Retail Limited to Report Q2, 2024 Results on Nov 06, 2023

V-Mart Retail Limited, Annual General Meeting, Sep 15, 2023

Now 20% undervalued

New major risk - Financial position

First quarter 2024 earnings released: ₹11.10 loss per share (vs ₹10.35 profit in 1Q 2023)

V-Mart Retail Limited to Report Q1, 2024 Results on Aug 09, 2023

Price target decreased by 9.1% to ₹2,730

Full year 2023 earnings released: ₹3.97 loss per share (vs ₹5.90 profit in FY 2022)

V-Mart Retail Limited to Report Q4, 2023 Results on May 16, 2023

Price target decreased by 8.5% to ₹3,281

Third quarter 2023 earnings released: EPS: ₹10.11 (vs ₹28.85 in 3Q 2022)

V-Mart Retail Limited to Report Q3, 2023 Results on Feb 06, 2023

Insufficient new directors

V-Mart Retail Limited (BSE:534976) completed the acquisition of LimeRoad Business from A.M. Marketplaces Private Limited and others.

V-Mart Retail Limited to Report Q2, 2023 Results on Nov 11, 2022

V-Mart Retail Limited (BSE:534976) entered into business transfer agreement to acquire LimeRoad Business from A.M. Marketplaces Private Limited for approximately INR 310 million.

V-Mart Retail Limited (BSE:534976) entered into business transfer agreement to acquire LimeRoad Business from A.M. Marketplaces Private Limited for approximately INR 310 million.

V-Mart Retail Limited Announces Closing of Stores

V-Mart Retail Limited Approves Dividend for the Financial Year 2021-22

Upcoming dividend of ₹0.75 per share

First quarter 2023 earnings released: EPS: ₹10.35 (vs ₹14.57 loss in 1Q 2022)

V-Mart Retail Limited, Annual General Meeting, Aug 30, 2022

V-Mart Retail Limited to Report Q1, 2023 Results on Aug 05, 2022

Price target decreased to ₹3,969

Full year 2022 earnings released: EPS: ₹5.90 (vs ₹3.37 loss in FY 2021)

V-Mart Retail Limited Recommends Dividend for the Financial Year 2021-22

V-Mart Retail Limited to Report Q4, 2022 Results on May 19, 2022

Insufficient new directors

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

V-Mart Retail Limited to Report Q3, 2022 Results on Feb 10, 2022

Insufficient new directors

Insufficient new directors

Second quarter 2022 earnings released: ₹7.05 loss per share (vs ₹10.44 loss in 2Q 2021)

Price target increased to ₹3,884

V-Mart Retail Limited (BSE:534976) completed the acquisition of Assets of Unlimited retail business of Arvind Lifestyle Brands Limited.

Full year 2021 earnings released: ₹3.37 loss per share (vs ₹27.18 profit in FY 2020)

Price target increased to ₹3,301

V-Mart Retail Limited (BSE:534976) signed a definitive agreements to acquire Assets of Unlimited retail business of Arvind Lifestyle Brands Limited for INR 1500 million.

Chief Financial Officer recently sold ₹3.0m worth of stock

Price target increased to ₹3,010

President of Sourcing & Procurement recently sold ₹12m worth of stock

Full year 2021 earnings released: ₹3.37 loss per share (vs ₹27.18 profit in FY 2020)

V-Mart Retail Limited Closes Two Stores in the State of Assam and Uttar Pradesh

V-Mart Retail Limited has completed a Follow-on Equity Offering in the amount of INR 3.749999 billion.

V-Mart Retail Limited to Report Q3, 2021 Results on Jan 22, 2021

V-Mart Retail Limited Closes One Store in the State of Odisha

V-Mart Retail Limited Hires Vineet Jain as the New Chief Operating Officer

V-Mart Retail Limited Announces Closing of Two Stores in the State of West Bengal

V-Mart Retail Limited Closes Two Stores, One in the State of Himachal Pradesh and One in the State of Madhya Pradesh

V-Mart Retail Limited to Report Q1, 2021 Results on Aug 10, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age