Remuneration - Analysis

Managerial Remuneration Peer Analysis ?

* Growth in Mgr Remuneration 5 Years to 10Y - Annual Report - Manual Yes
* Compare the growth in Sales vs growth in Net Profits vs growth in MR - Annual Report = Screener Yes (Optional)
* Ratio of Median Managerial Remuneration to Median Remuneration of Average Employees- Annual Report Yes
* Compare the growth of MR and growth of Rem of Avg Employees - Annual Report Yes (Optional)
*Check whether remuneration to director is in compliance with sec 197 of the companies act, 2013 (Audit Report) No
* Check whether Bonus component of MR is Based on Sales growth or Profit growth (Performance Base) - Annual Report Yes (Optional)
* What is the total outflow to Managers and their relatives? - Check for related party transactions in Annual Report. No
* Check % of Total Payouts to Managers & their related parties with PBT - Annual Report + Screener No
* What is the trend (Increase/Decrease) in Median Remuneration of Employees - Annual Reports Yes
* What is the change in shareholding pattern of promoters and promoter groups - BSE website(Raw)- Equity Masters No
* Is CEO self Promoting - Google Search No
* Efficiency of Board Members - Check their attendence - Annual Report No
* Check whether any independent director(s) has resigned abruptly. No
* Check if any of the independent director has anyh links with the company is past (already done in profiling) No
* Check Qualification & Expertise of independent director - Annual Report No
* Check for Composition of Nomination Committee and Audit Committee - is management a part of these? - Annual ReporNo
Is shareholding pattern rigged in favour of Management.
# Top Management Profiling

Objective: To assess who is managing the business, what are their qualifications, past experience,
connections, negative news etc.

S.No. Name Designation Commentary

# Board of Directors - Profiling

Objective: To assess who is governing the management, what are their qualifications, past experien
connected with the management in the past?

S.No. Name Designation Commentary

# Detailed Analysis of Management Remuneration

Objective: To assess the how much managers are drawing remuneration, what is growth in the rem
compare it with remuneration of average employees in the company. Peer Analysis is required as re
with industry.
In Crores
Key Managerial Personnel FY 2019 FY2020 FY2021
Chairman and Managing Director 10 12 14
Growth YoY% 20.0% 16.7%

Joint Managing Director 1 1.8 2.4

Growth YoY% 80.0% 33.3%

Deputy Managing Director 1 1.8 2.4

Growth YoY% 80.0% 33.3%

CFO 1 1.8 2.4

Growth YoY% 80.0% 33.3%

Average Remuneration of Employees 0.0390 0.0459 0.0540

 Growth YoY% 17.6% 17.6%

Sales 10146 8,056 6,336

Growth YoY% -20.6% -21.4%

Profit Before Tax 1,599 462 -25

Growth YoY% -71.1% -105.4%

Net Profit 1,033 349 -127

Growth YoY% -66.2% -136.4%

Ratio of KMR to Avg ER

Peer Analysis

Key Managerial Personnel Bharat Forge TVS Holding Minda Corp

Average 5 Years KMR Growth 29.78%

Average 5Yr ER Growth 17.6%

Ratio of KMR to Avg ER 156.5

# Detailed Analysis of Management Remuneration

management is hired from outside directly to higher position or it is an organic growth

is shareholding pattern rigged towards promoters <= 75

 SOURCE
ifications, past experience, political 1. ANNUAL REPORTS OF 5 PFYS
2. CON CALLS OF 8 PFYS
3. RATE STAR

Political Co Negative Media Coverage

qualifications, past experience, are they

Any connections with the Management

n, what is growth in the remuneration, and

eer Analysis is required as remuneration differs

FY2022 FY2023 FY2024 Average CAGR

15.7 17.8 20.04
12.1% 13.4% 12.6% 15.0% 14.9%

3.2 4.1 4.7

33.3% 28.1% 14.6% 37.9% 36.3%

3.2 4.4 4.5

33.3% 37.5% 2.3% 37.3% 35.1%

3.2 2.8 3.1

33.3% -12.5% 10.7% 29.0% 25.4%

0.0636 0.0748 0.0880

 17.6% 17.6% 17.6% 17.6% 17.6%

10,461 12,910 15,682

65.1% 23.4% 21.5% 13.6% 9.1%

1,381 827 1439

-5624.0% -40.1% 74.0% -1153.3% -2.1%

1,077 508 910

-948.0% -52.8% 79.1% -224.9% -2.5%

156.5

SKF

Rem Total
Employee 9.2112648 2451
Workers 8.1 1435
8.8009032
Courses List

The Valuation School - Equity Research Cohort Course. August-October

Sessions Viewti Sector 1 AnalysiSector
1. Management Analysis July 25 to July 1. Mgt analysis
2. FSA Analysis
3. Forensic Analysis

2. Financial Statement Analysis Aug 26 to Aug 30

3. Forensic Analysis Sept 25 - Sept 30

 GOOGLE SEARCH - BSEIN
SECTOR

Sector 3 Sector 4 Sector 5 1. TECHNOLOGY - SOFTWARE , CLOUD COMPUT

2. HEALTHCARE - HOSPITALS , DIAGONOSTICS,

PREVENTIVE HEALTHCARE , MEDICAL RESEARCH

3. FINANCIALS - BANKING , INSURANCE , PAYME

4. CONSUMER DISCRETIONARY - HOUSEHOLD A

AUTOMOBILES , APPAREL , RECREATION , HOSP

5. INDUSTRIALS - WIRES , AUTOMATION , MACH

LOGISTICS

6. COMMUNICATION SERVICES - TELECOMMUNI

, SOCIAL MEDIA .

7. CONSUMER STAPLES - PACKAGED FOODS , FM

8. ENERGY - POWER GENERATION , POWER TRA

9. UTILITIES - ELECTRICITY DISTRIBUTION , WAT

DISTRIBUTION .

10. MATERIALS - CEMENT , CHEMICALS , PAINTS

METALS .

11. REAL ESTATE - RESIDENTIAL FREAL ESTATE

CHECKLIST OF ANY SECTOR

1. CONTRIBUTION TO GDP OF
INDIA
2. POSITION OF INDIA VS
GLOBAL VS ASIA
3. IMPEX OR DOMESTIC
CONSUMPTION
4. FUTURE GROWTH
5. FPI GROWTH
6. FOCUS ON DEBT AND
CAPEX OF TOP 10 COMPANIES
OF THE SECTOR.
E SEARCH - BSEINDUSTRYCLASSIFICATION
INDUSTRY MUTUAL FUNDS INVESTMEN

, CLOUD COMPUTING , IT ENABLED SERVICES

DIAGONOSTICS, PHARMACEUTICALS , PHARMACIES ,

EDICAL RESEARCH.

SURANCE , PAYMENTS , MUTUAL FUNDS .

Y - HOUSEHOLD APPLIANCES , CONSUMER ELECTRONICS ,

CREATION , HOSPITALITY

TOMATION , MACHINERY , LOGISTICS , DEFENSE GOODS ,

S - TELECOMMUNICATION , INTERNET SERIVICE PROVIDERS , OTT

KAGED FOODS , FMCG , PERSONAL CARE , DAIRY .

ION , POWER TRANSMISSION , COAL , FUELS .

STRIBUTION , WATER SUPPLY , WASTE WATER HANDLING , GAS

EMICALS , PAINTS , FERTILIZERS , AGRICULTURAL GOODS,

AL FREAL ESTATE , REITS .

SOURCE - PIB (PRESS INFO BUREAU)
IBEF
INVEST INDIA
BRAND EQUITY
BRAND EQUITY

NSDL - FPIMONIGO to FPI INV - fortnightly sector wiswatch 5.2 at 25 mits imp
FUNDS INVESTMENT GUIDANCE - GO RUPEEVEST.COM - TOOLS - MF SCREENER - FILTER EQUITY INDEX FUND
EQUITY INDEX FUNDS - INVEST IN WHICH HAS LEAST EXPENSE RATIO
BANKING INSURANCE AIRLINES HEAVY MFG SPACE
1. NPA 1. SOLVENCY RATIO 1. REVENUE PER SEAT KM 1. PRODUCTION CAPACITY
2. CAPITAL ADEQUACY RATIOS2. CLAIMS SETTLEMENT RATIO2. COST PER SEAT KM 2. PRODUCTION VOLUME
3. INTEREST MARGINS 3. EXPENSE RATIO 3. FUEL COSTS 3. SALES VOLUME
4. PERSISTENCE RATIO 4. OCCUPANCY RATES 4. SALES MIX
5. DISTRIBUTION

UNDERSTAND THE COST CENTRES

1. RM COST
2. FUEL & POWER COST
3. DISTRIBUTION COST

UNDERSTAND THE DEMAND DRIVERS

1. HOUSING GROWTH
2. INFRA GROWTH
3. INDUSTRIAL GROWTH
N CAPACITY
Certainly! Here’s a comprehensive, alphabetically sorted list of industries within their respective sectors:

### **Agriculture Sector**

- **Crop Production**
- Grains (e.g., wheat, rice, corn)
- Fruits and Vegetables
- **Fishing and Aquaculture**
- Marine Fishing
- Fish Farming
- **Forestry and Logging**
- Timber Production
- Paper and Pulp
- **Livestock Farming**
- Dairy Farming
- Poultry and Meat Production

### **Construction and Real Estate**

- **Commercial Construction**
- Office Buildings
- Retail Spaces
- **Civil Engineering Projects**
- Bridges and Tunnels
- Roads and Highways
- **Residential Construction**
- Housing Developments
- Apartment Complexes

### **Consumer Goods**

- **Consumer Electronics**
- Home Appliances
- Smartphones and Computers
- **Household Goods**
- Furniture
- Kitchenware
- **Personal Care Products**
- Cosmetics
- Toiletries

### **Energy**
- **Oil and Gas**
- Exploration
- Refining
- Distribution
- **Renewable Energy**
- Hydroelectric Power
- Solar Energy
- Wind Energy
- **Utilities**
- Electricity
- Natural Gas
- Water Supply

### **Environmental and Waste Management**

- **Environmental Consulting**
- Compliance and Regulation
- Environmental Impact Assessments
- **Waste Management**
- Recycling Services
- Waste Collection and Disposal

### **Financial Services**

- **Banking**
- Retail Banking
- Investment Banking
- **Insurance**
- Life Insurance
- Property and Casualty Insurance
- **Investment and Asset Management**
- Mutual Funds
- Private Equity

### **Healthcare**
- **Biotechnology**
- Genetic Research
- Drug Development
- **Hospitals and Clinics**
- General Hospitals
- Specialty Clinics
- **Pharmaceuticals**
- Drug Manufacturing
- Vaccine Production

### **Information Technology**

- **Data Processing and Hosting**
- Cloud Services
- Data Centers
- **IT Consulting**
- System Integration
 - Technology Strategy
- **Software Development**
- Application Software
- System Software

### **Media and Entertainment**

- **Film and Television Production**
- Feature Films
- Television Shows
- **Music and Performing Arts**
- Music Production
- Live Performances
- **Publishing and Digital Media**
- Books and Magazines
- Online Content

### **Professional and Business Services**

- **Advertising and Marketing**
- Digital Marketing
- Market Research
- **Architectural and Engineering Services**
- Civil Engineering
- Structural Engineering
- **Management Consulting**
- Business Strategy
- Operational Efficiency

### **Retail and Trade**

- **Retail Trade**
- E-commerce
- Supermarkets and Department Stores
- **Wholesale Trade**
- Distributors
- Wholesalers

### **Transportation and Logistics**

- **Logistics and Warehousing**
- Supply Chain Management
- Storage Facilities
- **Public Transit**
- Buses
- Trains
- **Shipping and Freight**
- Maritime Transport
- Air Cargo
### **Aerospace and Defense**
- **Aircraft Manufacturing**
- Commercial Aircraft
- Military Aircraft
- **Defense Equipment**
- Surveillance Systems
- Weapons Systems
- **Space Exploration**
- Satellite Production
- Space Missions

### **Manufacturing**
- **Automotive**
- Car Manufacturing
- Automotive Parts
- **Chemicals**
- Basic Chemicals
- Specialty Chemicals
- **Electronics**
- Consumer Electronics
- Semiconductors
- **Food and Beverage**
- Packaged Foods
- Beverages
- **Metals and Mining**
- Metal Production
- Mining Operations
- **Plastics and Rubber**
- Packaging
- Automotive Parts
- **Textiles and Apparel**
- Clothing
- Fabrics

This list organizes the various industries within their sectors alphabetically, providing a clear overview of different areas within
each sector.
JUST EXPLORE THE SECTOR / INDUSTRY WITHOUT ANY F

SECTOR - AUTOMOBILE
INDUSTRY - COMPONENTS KI ALAG ALAG COMPANIES
COMPONENTS ME BHI USE HUE MATERIAL KI MFG COMPANY - SILICON CHIPS
eg- Apollo Tyres.

Finance
1.first few days -
Dept -
understand the
Cost ,
manufacturing , Dept wise Globally kya status hai study that
Margins ,
internal controls
Revenue
of the business
etc

2. Top 5
Sales
Companies ka
Dept -
prepare Page 1 A
types of
- read about the
Customer
company for a
base
fair idea

Procurem
3.Dont Prepare ent Dept -
Page 1 as of now - Raw
copy paste wala material
kaam h sirf source
etc
WITHOUT ANY FINANCIALS

ON CHIPS