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In 2009 Pranay Kothari was appointed CEO of Polyplex Corporation Limited (NSE:POLYPLEX). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Then we’ll look at a snap shot of the business growth. And finally – as a second measure of performance – we will look at the returns shareholders have received over the last few years. The aim of all this is to consider the appropriateness of CEO pay levels.
Check out our latest analysis for Polyplex
How Does Pranay Kothari’s Compensation Compare With Similar Sized Companies?
According to our data, Polyplex Corporation Limited has a market capitalization of ₹15.9b, and pays its CEO total annual compensation worth ₹35m. That’s a modest increase of 1.4% on the prior year year. We examined companies with market caps from ₹7.3b to ₹29.4b, and discovered that the median CEO compensation of that group was ₹17m.
Thus we can conclude that Pranay Kothari receives more in total compensation than the median of a group of companies in the same market, and of similar size to Polyplex Corporation Limited. However, this doesn’t necessarily mean the pay is too high. A closer look at the performance of the underlying business will give us a better idea about whether the pay is particularly generous.
You can see a visual representation of the CEO compensation at Polyplex, below.
Is Polyplex Corporation Limited Growing?
Polyplex Corporation Limited has increased its earnings per share (EPS) by an average of 59% a year, over the last three years It achieved revenue growth of 18% over the last year.
This demonstrates that the company has been improving recently. A good result. It’s a real positive to see this sort of growth in a single year. That suggests a healthy and growing business.
Although we don’t have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.
Has Polyplex Corporation Limited Been A Good Investment?
I think that the total shareholder return of 120%, over three years, would leave most Polyplex Corporation Limited shareholders smiling. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.
In Summary…
We compared total CEO remuneration at Polyplex Corporation Limited with the amount paid at companies with a similar market capitalization. As discussed above, we discovered that the company pays more than the median of that group.
However we must not forget that the EPS growth has been very strong over three years. In addition, shareholders have done well over the same time period. Considering this fine result for shareholders, we daresay the CEO compensation might be apt. So you may want to check if insiders are buying Polyplex Corporation Limited shares with their own money (free access).