Abstract
The purpose of this paper is to study relationship between Economic Value added and Net Operating Profit After Taxes Divis Laboratories and Lupin Limited. The period of study is 10 years ranging from 2009-10 to 2018-2019. Association is found between Economic Value Added and Net Operating Profit after Taxes for the given series and data is analysed by regression. ANOVA test is used to perform hypothesis testing. The study concludes that there is a positive relationship between EVA and Net Operating Profit After Taxes. KEY WORDS: Economic Value Added, Net Operating Profit after Tax
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