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 61–70 of 100
  1. 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
  2. 062How would you value Doorsanchar Networks, a telco at 7x EBITDA with capex equal to half of EBITDA, against Pankhudi Software, growing 35% at 8x revenue? Which methods fit each, and why is EV/EBITDA misleading for the telco?ValuationCoreCredit SuisseSydney · 2020
  3. 063Mahapath Expressway collects Rs 150 from 30,000 vehicles a day, spends Rs 30 crore a year on O&M and owes Rs 90 crore a year of debt service, with a six-month reserve. Compute DSCR, stress traffic down 20%, and say how long the reserve lasts.Credit analysis and lendingWarm upProject financeRating agencies
  4. 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
  5. 065Dhatuvan Castings earns Rs 200 crore on 10 crore shares and buys Lohasar Forgings, which earns Rs 50 crore, for Rs 500 crore funded entirely with 5% debt. At a 25% tax rate, is the deal accretive or dilutive, and by how much?M&A and corporate developmentWarm upMizuhoSan Francisco · 2026MizuhoSan Francisco · 2026
  6. 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
  7. 067Mitravinda Foods spends Rs 80 crore on TV, digital and trade promotions with different returns, and digital's return falls as spend rises. Reallocate the same budget to maximise contribution.Budgeting, variance and reportingCoreCorporate FP&ABusiness finance
  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. 069Hiranya Chemicals is issuing a five-year 9.5% bond from its holding company while its single plant and bank debt sit in a subsidiary, 60% of revenue is in dollars and promoters have pledged 40% of their shares. Identify every relevant risk and quantify the currency and structural ones.Credit analysis and lendingCoreNuveenChicago · 2025
  10. 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

Company names and figures are illustrative.