Sundaram Finance and Cholamandalam Investment & Finance Co. are the two main NBFCs in Chennai. Following partial comparison is based on their 2017-18 annual reports. Does this communicate something? (Figures of Sundaram Finance appear first.)
1
|
Net Profit (Rs.crore)
|
532.95
|
974.12
|
2
|
Earnings per share (Rs.)
|
47.97
|
62.32
|
3
|
Dividend increase over last year
|
4.3%
|
18.2%
|
4
|
Payment to non-executive directors (Rs.lakh)
|
126.95
|
62.22
|
5
|
Payment to whole-time directors as percentage of ceiling
|
12.84
|
1.33
|
6
|
Total managerial remuneration as percentage of ceiling
|
13.07
|
4.18
|
7
|
Remuneration to CFO (Rs.lakh)
|
164.08
|
123.12
|
2 comments:
Inference:
Be an employee of Sundaram Finance Be an investor of Cholamandalam Finance, probably
N.Srinivasan, CEO of Cholamandalam Finance has unexpectedly submitted his resignation. This casts a cloud on CIFCO.
The issue of munificent payment to directors was raised in the AGMs of Sundaram Finance and IDFC Bank. This requires more resistance from shareholders.
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