Is Apollo Tyres Destroying Shareholders' Wealth? Findings Reveal Surprising Results!
The article examines whether Apollo Tyres is increasing or decreasing the wealth of its shareholders by using economic value added (EVA) and market value added (MVA) as performance measures. These measures are seen as better indicators of shareholder value creation compared to traditional metrics like return on equity or earnings per share. The study calculates EVA and MVA to determine if Apollo Tyres is benefiting or harming its shareholders during the study period.