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Manish Nuwal is the CEO of Solar Industries India Limited (NSE:SOLARINDS). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. After that, we will consider the growth in the business. And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. The aim of all this is to consider the appropriateness of CEO pay levels.
How Does Manish Nuwal’s Compensation Compare With Similar Sized Companies?
Our data indicates that Solar Industries India Limited is worth ₹115b, and total annual CEO compensation is ₹28m. (This is based on the year to March 2018). We think total compensation is more important but we note that the CEO salary is lower, at ₹12m. We looked at a group of companies with market capitalizations from ₹69b to ₹221b, and the median CEO total compensation was ₹39m.
That means Manish Nuwal receives fairly typical remuneration for the CEO of a company that size. While this data point isn’t particularly informative alone, it gains more meaning when considered with business performance.
You can see, below, how CEO compensation at Solar Industries India has changed over time.
Is Solar Industries India Limited Growing?
Solar Industries India Limited has increased its earnings per share (EPS) by an average of 16% a year, over the last three years (using a line of best fit). Its revenue is up 28% over last year.
Overall this is a positive result for shareholders, showing that the company has improved in recent years. Most shareholders would be pleased to see strong revenue growth combined with EPS growth. This combo suggests a fast growing business. Shareholders might be interested in this free visualization of analyst forecasts.
Has Solar Industries India Limited Been A Good Investment?
Boasting a total shareholder return of 98% over three years, Solar Industries India Limited has done well by shareholders. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.
Manish Nuwal is paid around what is normal the leaders of comparable size companies.
Shareholders would surely be happy to see that shareholder returns have been great, and the earnings per share are up. Indeed, many might consider the pay rather modest, given the solid company performance! If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Solar Industries India.
If you want to buy a stock that is better than Solar Industries India, this free list of high return, low debt companies is a great place to look.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.