A company earned EAT of 18,00,000, whereas its capital comprised only equity share capital represented by 4,50,000
Question:
A company earned EAT of ₹18,00,000, whereas its capital comprised only equity share capital represented by 4,50,000 equity shares of face value 10 each. The average price earning multiplier (P/E Ratio) of the industry to which this company belongs is 30. Estimate value of equity shares of the company using P/E Multiplier approach.
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