Thakral Corporation Ltd

SGX:AWI Stock Report

Market Cap: S$289.0m

Thakral Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Bethal Thakral

Chief executive officer

S$2.1m

Total compensation

CEO salary percentage13.00%
CEO tenure10.3yrs
CEO ownershipn/a
Management average tenure10.4yrs
Board average tenure2.4yrs

Recent management updates

Recent updates

Analysis Article • May 27

The Market Lifts Thakral Corporation Ltd (SGX:AWI) Shares 81% But It Can Do More

Despite an already strong run, Thakral Corporation Ltd ( SGX:AWI ) shares have been powering on, with a gain of 81% in...
Analysis Article • May 09

A Look At The Fair Value Of Thakral Corporation Ltd (SGX:AWI)

Key Insights Thakral's estimated fair value is S$0.96 based on Dividend Discount Model With S$0.89 share price, Thakral...
Analysis Article • Mar 07

There May Be Underlying Issues With The Quality Of Thakral's (SGX:AWI) Earnings

Thakral Corporation Ltd ( SGX:AWI ) just reported some strong earnings, and the market reacted accordingly with a...
Analysis Article • Feb 28

Thakral (SGX:AWI) Has Some Way To Go To Become A Multi-Bagger

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
Analysis Article • Apr 25

Thakral (SGX:AWI) Has Announced A Dividend Of SGD0.02

Thakral Corporation Ltd ( SGX:AWI ) has announced that it will pay a dividend of SGD0.02 per share on the 21st of May...
Analysis Article • Apr 19

Thakral's (SGX:AWI) Soft Earnings Are Actually Better Than They Appear

Shareholders appeared unconcerned with Thakral Corporation Ltd's ( SGX:AWI ) lackluster earnings report last week. Our...
Analysis Article • Jul 10

Some Investors May Be Worried About Thakral's (SGX:AWI) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysis Article • Dec 23

A Look At The Intrinsic Value Of Thakral Corporation Ltd (SGX:AWI)

Does the December share price for Thakral Corporation Ltd ( SGX:AWI ) reflect what it's really worth? Today, we will...
Analysis Article • Oct 21

Is Thakral (SGX:AWI) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Dec 13

Thakral (SGX:AWI) Will Be Hoping To Turn Its Returns On Capital Around

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...
Analysis Article • Dec 13

Here's What's Concerning About Thakral's (SGX:AWI) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Analysis Article • May 29

Is Thakral (SGX:AWI) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • May 02

Thakral (SGX:AWI) Is Doing The Right Things To Multiply Its Share Price

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • Mar 25

Estimating The Fair Value Of Thakral Corporation Ltd (SGX:AWI)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Thakral Corporation...
Analysis Article • Mar 04

We Think That There Are More Issues For Thakral (SGX:AWI) Than Just Sluggish Earnings

The subdued market reaction suggests that Thakral Corporation Ltd's ( SGX:AWI ) recent earnings didn't contain any...
Analysis Article • Feb 26

Does Thakral (SGX:AWI) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jan 28

How Does Thakral Corporation Ltd (SGX:AWI) Fare As A Dividend Stock?

Is Thakral Corporation Ltd ( SGX:AWI ) a good dividend stock? How can we tell? Dividend paying companies with growing...
Analysis Article • Dec 24

A Look At The Intrinsic Value Of Thakral Corporation Ltd (SGX:AWI)

How far off is Thakral Corporation Ltd ( SGX:AWI ) from its intrinsic value? Using the most recent financial data...
Analysis Article • Nov 30

Is Thakral (SGX:AWI) A Future Multi-bagger?

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...

CEO Compensation Analysis

How has Bethal Thakral's remuneration changed compared to Thakral's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

S$171m

Sep 30 2025n/an/a

S$149m

Jun 30 2025n/an/a

S$127m

Mar 31 2025n/an/a

S$78m

Dec 31 2024S$2mS$269k

S$29m

Sep 30 2024n/an/a

S$20m

Jun 30 2024n/an/a

S$12m

Mar 31 2024n/an/a

S$10m

Dec 31 2023S$2mS$270k

S$8m

Sep 30 2023n/an/a

S$15m

Jun 30 2023n/an/a

S$22m

Mar 31 2023n/an/a

S$20m

Dec 31 2022S$2mS$272k

S$19m

Sep 30 2022n/an/a

S$16m

Jun 30 2022n/an/a

S$14m

Mar 31 2022n/an/a

S$17m

Dec 31 2021S$2mS$286k

S$19m

Sep 30 2021n/an/a

S$17m

Jun 30 2021n/an/a

S$15m

Mar 31 2021n/an/a

S$11m

Dec 31 2020S$1mS$279k

S$7m

Compensation vs Market: Bethal's total compensation ($USD1.61M) is above average for companies of similar size in the SG market ($USD824.88K).

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

CEO

Bethal Thakral (66 yo)

10.3yrs
Tenure
S$2,069,100
Compensation

Mr. Inderbethal Singh Thakral, also known as Bethal, serves as Non-Executive Director at GemLife Group Ltd and GemLife Communities Group since June 11, 2025. He has been Group Chief Executive Officer of Th...

Leadership Team

NamePositionTenureCompensationOwnership
Inderbethal Singh Thakral
Group CEO & Executive Director10.3yrsS$2.07mno data
Anil Moolchand Daryanani
Chief Financial Officer12.8yrsno datano data
Torsten Stocker
Chief Operating Officer of Lifestyle Division10.4yrsno datano data
Indergopal Singh Thakral
Managing Director of Thakral China Ltd.no dataS$1.04mno data
Stephanie Tay
General Manager of Corporate & Sustainabilityno datano datano data
Ashmit Singh Thakral
CFO of GemLife Group & Executive Directorno datano datano data
Nitin Agarwal
Head of Strategic Investmentsno datano datano data
Kanwaljeet Singh Dhillon
Managing Director of Thakral Corporation (HK) Limitedno datano data1.07%
SGD 3.1m
Vivian But
Group Financial Controllerno datano datano data
Kevin Charles Barry
Joint Managing Director of Thakral Capital Australia Pty Ltdno datano datano data
Greggory John Piercy
Joint Managing Director of Thakral Capital Australia Pty Ltdno datano datano data
Wan Mei Chan
Joint Company Secretaryless than a yearno datano data
10.4yrs
Average Tenure
62yo
Average Age

Experienced Management: AWI's management team is seasoned and experienced (10.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Inderbethal Singh Thakral
Group CEO & Executive Director31.8yrsS$2.07mno data
Ashmit Singh Thakral
CFO of GemLife Group & Executive Director1.2yrsno datano data
Swee Guan Lim
Independent Non-Executive Chairman2.2yrsS$102.10kno data
Kuldip Singh Thakral
Chairman of Thakral Brothers Limitedno datano datano data
Bikramjit Singh Thakral
Non-Independent & Non-Executive Director6.4yrsS$115.00kno data
Kwai-Yi Lai
Independent Non-Executive Director1.4yrsno datano data
Nagaraj Sivaram
Independent Non-Executive Director2.7yrsS$105.00kno data
2.4yrs
Average Tenure
66yo
Average Age

Experienced Board: AWI's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 04:36
End of Day Share Price 2026/06/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Thakral Corporation Ltd is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Darren ChanPhillip Securities Pte Ltd