1st Edition

Cases in Corporate Finance

By Mayank Joshipura, Sachin Mathur Copyright 2024
    444 Pages 70 B/W Illustrations
    by Routledge India

    444 Pages 70 B/W Illustrations
    by Routledge India

    444 Pages 70 B/W Illustrations
    by Routledge India

    Cases in Corporate Finance includes 60 unique case studies that illustrate the application of finance theories, models, and frameworks to real-life business situations. The topics cover a wide range of sectors and different life cycle stages of firms. The book bridges a crucial gap in topical emerging market case coverage by presenting industry-relevant case studies in the Indian context and on themes pertinent to the current business environment.

    Through the case studies included in the book, the authors offer insights into the essential areas of corporate finance, including risk and return, working capital management, capital budgeting and structure, dividend decisions, business valuation, and long-term financing. Cases included in the book are decision-focused and provide opportunities to carefully analyse risk-return trade-offs and apply tools to evaluate critical financial decisions.

    The book will be helpful for students, researchers, and instructors of business management, commerce, and economics.

    List of Exhibits




    PART I: Financial Planning and Working capital management

    1 Monark Building Materials: Estimating Working Capital Fund Requirements

    2 Amber Enterprises: Working Capital Assessment for Seasonal Business

    3 ValueBuy Retail: Working Capital Requirement for High Growth Business

    4 Ashok Leyland: Managing Liquidity through the Cycles

    5 Shoppers Stop: The Covid-19 Halt

    6 Cash Budgeting at Parishkar Cleantech

    7 Spark Electricals: Reviewing FMEG Business Credit Policy

    8 Break-Even Analysis of Sri Krishna Restaurant

    9 Ikon Paints: Long-Term Financial Plan

    10 Credit Rating of Dinesh Organics

    11 Tata International

    PART II: Capital Budgeting Decisions

    12 Ranjit’s Delivery Vans: Making the Replacement Decision

    13 Moody Singh’s Food Truck: Scaling up the Business

    14 DBS Auto’s Electric Two-Wheelers: Cash Flow Projections

    15 Evaluating Investment Choices for “The Oriental” Restaurant

    16 BreathFresh: Evaluating Launch of Ayurvedic Toothpaste

    17 AMEX: Evaluating New Business Opportunity

    18 Safewheels: Evaluating Investment in Electric Vehicles (EV) Fleet

    19 PVR Cinema: Should it Take OTT Plunge?

    20 Neogene Tyres: Capital Budgeting Under Uncertainty

    21 Ashian Biotech: The AntiCov Vaccine Project

    PART III: Risk and Return, and Cost of Capital

    22 InvestmentWaves (A): Assessing Client’s Life Insurance Requirement

    23 InvestmentWaves (B): Assessing LIC’s New Jeevan Shanti

    24 WealthFrog: Risk-Return Trade-off of Individual Assets vs Portofino of Assets

    25 Kirtan’s Dilemma: How to Use Risk-Return Analysis to Build a Superior Portfolio?

    26 BlueStar AMC: Assessing Impact of New Valuation Norms on Debt Funds

    27 Apex Frozen Foods: The Cost of Capital

    28 Huarache India Ltd: The Cost of Capital

    29 Balaji Wafers Pvt. Ltd: The Cost of Capital

    30 ITC Ltd: The Divisional Cost of Capital

    31 DBS Auto’s Electric Two-Wheelers: Cost of Capital

    32 Bhagyodya Stampings Pvt. Ltd: Hedge or not to Hedge?

    33 Great Eastern Shipping – Risk Management

    PART IV: Capital Structure and Dividend Decisions

    34 The Hotel Industry’s Leverage at Play

    35 Avenue Supermarts’ Capital Structure

    36 Reliance Industries Limited: Capital Structure Decision

    37 Yes Bank: The AT-1 Bonds Saga

    38 InvestmentWaves (C): Evaluating Cash Dividend vs Homemade Dividend

    39 Dividend Payout at Mahindra and Mahindra

    40 Investor Payouts at Wipro

    PART V: Business Valuation

    41 The Valuation of KrissKross Hotels

    42 Kotak Mahindra Bank Ltd: Challenges in Valuation of Financial Services Firm

    43 Ashian Biotech: Acquisition of Myanti Biopharma

    44 Valuation of 212 Degrees Fahrenheit

    45 PVR’s Acquisition for SPI Cinema: An Expensive Southern Excursion?

    46 Reliance Industries Limited (A): Valuation of RIL’s O2C Business

    47 Reliance Industries Limited (B): Valuation of Jio Platforms

    48 Reliance Industries Limited (C): Valuation of Reliance Retail

    49 Swift Communications: Valuing Synergy Gains in an Acquisition

    50 ITC Ltd: EVA Analysis of FMCG and Hotel Divisions

    51 Venu’s ESOP Choices (A): ESOPs of a Listed Company

    52 Venu’s ESOP Choices (B): ESOPs of a Start-Up

    PART VI: Long-Term Financing

    53 Rossari BioTech: An IPO in the Indian Stock Market

    54 Reliance Industries Ltd: The Tale of India’s Largest Rights Issue

    55 Bharti Airtel’s FCCB

    56 BPL Limited: In Search of Innovative Financing Options

    57 Financing Joyzz Nutrixx

    58 Nirma’s Acquisition of Lafarge India

    59 Financing Decision at BlackGold Petroleum Company Ltd: Corporate Finance vs Project Finance

    60 PowerGrid InvIT: What Is in It for the Issuer and Investors?



    Mayank Joshipura is a Professor of Finance, Associate Dean-Research, and Chairperson of the Ph.D. programme at the School of Business Management, NMIMS Deemed to be University, Mumbai. He holds a Ph.D. and an MBA in Finance and a Bachelor of Engineering degree in Power Electronics. He attended and completed a certificate programme on “Creating Value through Financial Management” from the Wharton Business School, USA, and the Glocoll progamme from Harvard Business School, USA. He has two and half decades of experience in management education, research, and consulting.

    Sachin Mathur is Associate Professor, Finance, at the School of Business Management, NMIMS Deemed to be University, Mumbai. He holds an MMS degree and a Ph.D. from NMIMS, Mumbai and a Bachelor of Technology degree in Chemical Engineering from Institute of Technology, BHU, Varanasi. He has over 15 years of industry experience including as Head of Research at CRISIL Ltd. He is a CFA charter holder.