Financial Analysis case studies, worked step by step

Cases
100
Traced to a firm
63
Topics
14
Hard
30
Topic
All topicsCredit analysis and lending14Budgeting, variance and reporting8Valuation9Financial statement analysis6Earnings quality and adjustments6Working capital and cash flow6M&A and corporate development7Costing, pricing and unit economics6Investment evaluation and pitches9Leveraged buyouts7Capital budgeting6Forecasting and scenarios5Financing, capital structure and treasury6Distress and restructuring5
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 11–20 of 25 · filtered from 100Clear filters
  1. 047A sponsor asks you to lend 5.5x adjusted EBITDA for its buyout of Nandanvan Healthcare Services. Decide how much you would lend, at what price and on what covenants, and defend the gap to the ask.Credit analysis and lendingHardGolub CapitalChicago · 2015
  2. 049Jalprabha Water Tech loses money today and may be profitable in year 4. Value it from the path to profit, a terminal multiple, a venture discount rate and the chance of getting there, and say what the number does not capture.ValuationHardCredit SuisseNew York · 2025
  3. 050Suryakant Chemicals, at 25x earnings, buys Nilanjana Specialty at 30x with 60% stock and 40% debt. Compute the EPS impact and the pre-tax synergies needed to break even, and explain why the deal dilutes.M&A and corporate developmentHardEvercoreMenlo Park · 2025EvercoreMenlo Park · 2025
  4. 056Chitravarna Paints earns a 28% ROCE against a 14% peer median, and a well-funded entrant is offering dealers 3 points more margin. Is the moat real, what would matching cost, and is 18% growth sustainable?Financial statement analysisHardMorningstarAnonymous interview candidate in · 2023Coatue ManagementNew York · 2014
  5. 061Sukhmani Software has EBITDA of Rs 100 crore and trades at 8x, with senior secured, second lien and mezzanine debt below the equity. Where in the capital structure would you invest, given downside values of 5x and 4x?Financing, capital structure and treasuryHardHPS Investment PartnersNew York · 2021HPS Investment PartnersNew York · 2021
  6. 064You hold an LP stake in Dhruvtara Opportunities Fund with Rs 36 crore of NAV and Rs 20 crore still to be called. A secondary buyer targeting 15% makes an offer. What price would you accept?Investment evaluation and pitchesHardBaupost GroupBoston · 2018Baupost GroupBoston · 2018
  7. 066Modelling test: Vastrakala Garments has a Rs 250 crore term loan with a 100% cash sweep, a Rs 100 crore PIK note at 14%, a Rs 50 crore revolver and a Rs 10 crore cash floor. Fill in the three-year debt schedule.Leveraged buyoutsHardCarlyle GroupNew York · 2023Carlyle GroupNew York · 2023
  8. 068Taralika Cloud opens the year with Rs 400 crore of ARR, 12% gross churn, 25% expansion, Rs 120 crore of new ARR and a free cash flow margin of minus 5%. Build the ARR bridge, compute net dollar retention and the Rule of 40, and forecast next year.Forecasting and scenariosHardInsight PartnersNew York · 2021
  9. 075Sanchay HR Cloud has Rs 300 crore of revenue, a 68% gross margin and an EBITDA margin of minus 14%, with 15% churn and a 30-month CAC payback. Management wants a 10% margin in two years while growing 25% a year. Which levers, in which order?Costing, pricing and unit economicsHardHoulihan LokeyNew York · 2026
  10. 085You are long a defence electronics stock that has no close listed peer. Given its betas, R-squared and residual volatility, how would you hedge it, how large is the hedge, and what risk is left?Investment evaluation and pitchesHardBalyasny Asset ManagementNew York · 2026

Company names and figures are illustrative.