Analyse the Value Creation Metrics EVA and MVA During COVID-19 with Reference to BSE Listed Companies in India

The purpose of the study is to ascertain the company’s value creation for their shareholders even after the Pandemic era. A company must have a plan for sustainable growth if it wants to survive in the long-run period. This can be achieve by employing modern techniques that create shareholder value. Therefore, the study examined firms’ financial performance and value creation for their shareholders. In light of this, the study used EVA and MVA approaches, which are the most suitable techniques for measuring financial performance. In order to this, the study choose BSE30 listed companies that were actively trading on the market and that had the highest market capitalization. The study found that certain companies created value to their shareholders, such as Hindustan Unilever Limited (HLL), TCS, and ITC Companies, while others, IndusInd Bank and Bajaj Fin Service, destroyed value owing to higher weighted average costs (WACC) and financial distress.