Increases to Silver Touch Technologies Limited's (NSE:SILVERTUC) CEO Compensation Might Cool off for now

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Key Insights

  • Silver Touch Technologies' Annual General Meeting to take place on 12th of September
  • Total pay for CEO Vipul Thakkar includes ₹6.90m salary
  • The overall pay is 140% above the industry average
  • Silver Touch Technologies' total shareholder return over the past three years was 306% while its EPS grew by 118% over the past three years

CEO Vipul Thakkar has done a decent job of delivering relatively good performance at Silver Touch Technologies Limited (NSE:SILVERTUC) recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 12th of September. However, some shareholders may still want to keep CEO compensation within reason.

See our latest analysis for Silver Touch Technologies

Comparing Silver Touch Technologies Limited's CEO Compensation With The Industry

At the time of writing, our data shows that Silver Touch Technologies Limited has a market capitalization of ₹9.4b, and reported total annual CEO compensation of ₹6.9m for the year to March 2024. There was no change in the compensation compared to last year. It is worth noting that the CEO compensation consists entirely of the salary, worth ₹6.9m.

For comparison, other companies in the Indian IT industry with market capitalizations below ₹17b, reported a median total CEO compensation of ₹2.9m. Accordingly, our analysis reveals that Silver Touch Technologies Limited pays Vipul Thakkar north of the industry median. Furthermore, Vipul Thakkar directly owns ₹2.3b worth of shares in the company, implying that they are deeply invested in the company's success.

Component20242023Proportion (2024)
Salary₹6.9m₹6.9m100%
Other---
Total Compensation₹6.9m ₹6.9m100%

On an industry level, roughly 93% of total compensation represents salary and 7% is other remuneration. Speaking on a company level, Silver Touch Technologies prefers to tread along a traditional path, disbursing all compensation through a salary. If salary is the major component in total compensation, it suggests that the CEO receives a higher fixed proportion of the total compensation, regardless of performance.

ceo-compensation
NSEI:SILVERTUC CEO Compensation September 6th 2024

A Look at Silver Touch Technologies Limited's Growth Numbers

Silver Touch Technologies Limited has seen its earnings per share (EPS) increase by 118% a year over the past three years. In the last year, its revenue is up 38%.

This demonstrates that the company has been improving recently and is good news for the shareholders. It's great to see that revenue growth is strong, too. These metrics suggest the business is growing strongly. While we don't have analyst forecasts for the company, shareholders might want to examine this detailed historical graph of earnings, revenue and cash flow.

Has Silver Touch Technologies Limited Been A Good Investment?

Boasting a total shareholder return of 306% over three years, Silver Touch Technologies Limited has done well by shareholders. This strong performance might mean some shareholders don't mind if the CEO were to be paid more than is normal for a company of its size.

In Summary...

Silver Touch Technologies pays CEO compensation exclusively through a salary, with non-salary compensation completely ignored. Seeing that the company has put up a decent performance, only a few shareholders, if any at all, might have questions about the CEO pay in the upcoming AGM. However, if the board proposes to increase the compensation, some shareholders might have questions given that the CEO is already being paid higher than the industry.

If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Silver Touch Technologies.

Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.

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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

About NSEI:SILVERTUC

Silver Touch Technologies

Provides information technology solutions in India and internationally.

Outstanding track record with excellent balance sheet.

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