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 21–30 of 30 · filtered from 100Clear filters
  1. 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
  2. 070Kargha Textiles' bonds trade at 40. It offers 55 of new secured bonds plus 30 of equity per 100 of face, needs 90% participation, and holdouts will rank behind the new secured debt. Should a bondholder tender?Distress and restructuringHardRestructuring advisoryPrivate credit
  3. 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
  4. 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
  5. 090A construction company with a large order book, 200 days of receivables and Rs 300 crore overdue from state agencies asks for a Rs 400 crore loan. Value it at 6x EBITDA and decide whether to lend.Credit analysis and lendingHardBain CapitalNew York · 2024
  6. 092A developer is bidding for a 25-year, 100 MW solar concession with 70% debt over 15 years and a 12% equity return target. Work backwards from the return to the tariff it should bid.Capital budgetingHardBain CapitalSan Francisco · 2025
  7. 093A retailer's operating company is liquidated for Rs 900 crore against a secured bank, unsecured bonds, trade creditors and a finance subsidiary that both lent to it and holds its guarantee. Compute recoveries with and without the double dip.Distress and restructuringHardEvercoreNew York · 2026EvercoreNew York · 2026
  8. 095A stressed cable maker's 8% bond trades at Rs 82 and its stock at Rs 40. Given three scenarios with probabilities and payoffs for each security, which offers the better risk-adjusted return?Financing, capital structure and treasuryHardBuy-side researchPrivate credit
  9. 096A division is being sold for Rs 500 crore as a share sale. An asset sale would give the buyer a Rs 300 crore tax step-up but cost the seller Rs 30 crore more tax. What price range makes an asset sale work for both sides?M&A and corporate developmentHardMorgan StanleyHong Kong · 2025
  10. 097Paper LBO with a revenue build: a diagnostics chain runs 20 analysers with known daily capacity, rising utilisation and a fixed price per test. Build revenue from capacity, compute the sponsor's return, and say what you would challenge.Leveraged buyoutsHardBain CapitalBoston · 2024

Company names and figures are illustrative.