• Sandip R. Dodiya
• Dr. Ramesh A. Dangar

The basic objective of any organization is maximization of profit. Gradually this goal was replaced by wealth maximization. At the same time there are two types of investors. One group is in favour of regular income and another group is in favour of wealth creation but broadly thinking apart from these two objectives, the value creation for shareholders is very significant. In the world of corporate, to attract the investors the emphasis should be given on shareholders’ value creation. In this study, an attempt is made to measure and analyze shareholders value creation by 5 Indian companies specially listed ‘A’ group from BOMBAY STOCK EXCHANGE (BSE). For value creation analysis purpose, Automobile (LCVs & HCVs) industry there are five companies to be selected. The data of the company is taken from 2007-2008 to 2014-2015. The study is based on the secondary data, which will be obtained from the annual reports of the respective companies.

Intrinsic Value of Equity Shares, Market Capitalization, Paid up value of equity shares, Total Net Assets, Net Worth, Fictitious Assets, shareholders’ value creation.

"“A Study on Shareholders Value Creation and Financial Performance of Selected Automobile (LCVs & HCVs) Companies in India”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.967-976, June 2019, Available :http://www.jetir.org/papers/JETIR1906I22.pdf

"“A Study on Shareholders Value Creation and Financial Performance of Selected Automobile (LCVs & HCVs) Companies in India”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp967-976, June 2019, Available at : http://www.jetir.org/papers/JETIR1906I22.pdf