Keywords : EVA- Economic Value Added, NOPAT- Net Operating Profit After Tax, WACC- Weighted Average Cost of Capital, IC- Invested Capital, EBIT- Earnings Before Interest and Tax.

Abstract : Economic Value Added (EVA) represents the residual income remaining after a company has covered the cost of capital provided by its investors and lenders. It signifies the additional value generated for shareholders by achieving operating profits that exceed the cost of the capital employed in the business. A review of existing literature reveals that the purpose of this study is to evaluate a company`s financial performance using the concept of EVA. The research has been carried out over a decade, spanning from 2014-15 to 2023-24, with the sample being chosen through a non-probability sampling method, specifically the convenience sampling technique. As a tool and technique researcher has use EVA. Finding of the study is that in all the year company has added value to its shareholders- in all the year EVA is positive and in increasing trend except in the year 2020-21 which show decrease in EVA.

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