Increases to Astra Microwave Products Limited's (NSE:ASTRAMICRO) CEO Compensation Might Cool off for now

Key Insights

• Astra Microwave Products to hold its Annual General Meeting on 17th of September
• CEO Maram Reddy's total compensation includes salary of ₹7.29m
• The total compensation is 167% higher than the average for the industry
• Astra Microwave Products' total shareholder return over the past three years was 199% while its EPS grew by 63% over the past three years

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Performance at Astra Microwave Products Limited (NSE:ASTRAMICRO) has been reasonably good and CEO Maram Reddy has done a decent job of steering the company in the right direction. As shareholders go into the upcoming AGM on 17th of September, CEO compensation will probably not be their focus, but rather the steps management will take to continue the growth momentum. However, some shareholders may still be hesitant of being overly generous with CEO compensation.

View our latest analysis for Astra Microwave Products

Comparing Astra Microwave Products Limited's CEO Compensation With The Industry

Our data indicates that Astra Microwave Products Limited has a market capitalization of ₹100b, and total annual CEO compensation was reported as ₹28m for the year to March 2025. That's a notable increase of 19% on last year. While we always look at total compensation first, our analysis shows that the salary component is less, at ₹7.3m.

On examining similar-sized companies in the India Communications industry with market capitalizations between ₹35b and ₹141b, we discovered that the median CEO total compensation of that group was ₹11m. Hence, we can conclude that Maram Reddy is remunerated higher than the industry median. Furthermore, Maram Reddy directly owns ₹66m worth of shares in the company, implying that they are deeply invested in the company's success.

On an industry level, around 81% of total compensation represents salary and 19% is other remuneration. It's interesting to note that Astra Microwave Products allocates a smaller portion of compensation to salary in comparison to the broader industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.

Astra Microwave Products Limited's Growth

Over the past three years, Astra Microwave Products Limited has seen its earnings per share (EPS) grow by 63% per year. Its revenue is up 18% over the last year.

This demonstrates that the company has been improving recently and is good news for the shareholders. It's a real positive to see this sort of revenue growth in a single year. That suggests a healthy and growing business. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.

Has Astra Microwave Products Limited Been A Good Investment?

Most shareholders would probably be pleased with Astra Microwave Products Limited for providing a total return of 199% over three years. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

To Conclude...

Given that the company's overall performance has been reasonable, the CEO remuneration policy might not be shareholders' central point of focus in the upcoming AGM. Still, not all shareholders might be in favor of a pay raise to the CEO, seeing that they are 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 Astra Microwave Products.

Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.

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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.