- 05/27/2019 at 4:52 pm #1005353EduGorillaKeymasterSelect Question Language :
Direction: Read the following information carefully and answer the questions that follow.
NIIT Limited has equity worth Rs.20 crores who earns PBIDT of Rs.40 crore. The company gets an interest of Rs.30 crores with depreciation of Rs.5 crores. NIIT limited pays Rs.10 crore as tax and carries reserves of around Rs.25 crores which will not include the current year profits with long terms debt amount of Rs.30 crores. During the fiscal year, NIIT pays 50% dividends and transfer remaining profit into its reserves. In the secondary market, the share price of NIIT limited which is of Rs.10 face value is traded at a price of Rs.200/-
What will be the earning per share of NIIT limited?
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